ICIICICI Prudential Life Insurance Company is a joint venture between ICICI Bank - one of India’s foremost financial services companies-and Prudential plc - a leading international financial services group headquartered in the United Kingdom. Total capital infusion stands at Rs. 2602 crore, with ICICI Bank holding a stake of 74% and Prudential plc holding 26%.
CI Prudential was the first life insurer in India to receive a National Insurer Financial Strength rating of AAA(Ind) from Fitch ratings. For three years in a row, ICICI Prudential has been voted as India’s Most Trusted Private Life Insurer, by The Economic Times - AC Nielsen ORG Marg survey of’Most Trusted Brands’. As we grow our distribution, product range and customer base, we continue to tirelessly uphold our commitment to deliver world-class financial solutions to customers all over India.ICICI Prudential’s capital stands at Rs. 26.02 billion with ICICI Bank and Prudential plc holding 74% and 26% stake respectively. For the first quarter ended June 30, 2007, the company garnered Rs. 987 crore of weighted retail+ group new business premiums and wrote over 500, 000 retail policies in the period. The company has assets held to the tune of over Rs. 20, 000 crore.
ICICI Prudential is also the only private life insurer in India to receive a National Insurer Financial Strength rating of AAA(Ind) from Fitch ratings. The AAA(Ind) rating is the highest rating, and is a clear assurance of ICICI Prudential’s ability to meet its obligations to customers at the time of maturity or claims.
For the past six years, ICICI Prudential has retained its leadership position in the life insurance industry with a wide range of flexible products that meet the needs of the Indian customer at every step in life.