![]() ![]() In December 2019, the company collaborated with Paytm so that users can get the iProtect Smart plan benefits through it.Manish Kumar - Chief Investments Officer.Deepak Kinger - Chief Risk & Compliance Officer.Manish Dubey - Chief Marketing Officer.Ganessan Soundiram - Chief Technology Officer.Satyan Jambunathan - Chief Financial Officer.Judhajit Das - Chief Human Resource Officer.Amit Palta - Chief Distribution Officer.M S Ramachandran - Chairman, Independent Director.N S Kannan - Managing Director and CEO.In December, collaborated with RBL Bank and formed a bancassurance partnership with a plan to offer portfolio of life insurance products to customers In September, entered into a corporate agency agreement with NSDL Payments Bank for providing customer-based protection and savings products to customers of latter Historical landmarks įollowing are the major landmarks of the company after its formation:Ĭrossed ₹50,000 crore (US$6.3 billion) of assets under management Ĭrossed ₹1 trillion (US$13 billion) of assets under management įirst Insurance company in the country to get listed in the stock exchanges of BSE and NSE Ĭrossed ₹2 trillion (US$25 billion) of assets under management ₹21,000 crore (US$2.6 billion) was of the renewal premium. The total premium income was ₹32,000 crore (US$4.0 billion) of which ₹12,000 crore (US$1.5 billion) was from the new business premium while approx. ![]() In 2020, ICICI Prudential Life had crossed ₹2 trillion (US$25 billion) mark in assets under management (AUM). The merger was later revoked by Securities Appellate Tribunal. In 2017, ICICI Prudential Life was to take over Sahara Life's insurance business on request from the regulator IRDA in a motive to resolve the crisis at Sahara's life insurance arm. Temasek Holdings, Premji Invest and Government of Singapore are other major shareholders of the company. The IPO, where the parent company ICICI Bank Limited offloaded 12.65 per cent of its shares, was termed as biggest in the Indian market since 2010 with its market capitalisation of ₹5,000 crore (US$630 million). In 2016, ICICI Prudential Life became the first insurance company to be listed in Indian stock market, namely Bombay Stock Exchange and National Stock Exchange. It became the first insurance company in the industry to benchmark in AUM. In 2015, the company had crossed ₹1 trillion (US$13 billion) mark in assets under management (AUM). In 2010, the company had grown up to ₹50,000 crore (US$6.3 billion) mark in assets under management (AUM). The life insurance arm was established as a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited with assets under management (AUM) of approx. ICICI Prudential Life Insurance started its operations in 2001. 5 Corporate Social Responsibility (CSR) initiatives. ![]()
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