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ICICI Prudential Life Insurance Company Ltd carries on business of providing life insurance, pensions and health insurance products to individuals and groups. The business is conducted in participating, non-participating and unit linked lines of business. These products are distributed through individual agents, corporate agents, banks, brokers, sales force and company's website.
ICICI Prudential Life Insurance received IRDAI approval to change its name to 'ICICI Life Insurance Limited'. This paves the way for the company to formally register its new, streamlined brand identity.
ICICI Bank & Prudential (promoters) signed an undertaking. Post Prudential's 75% stake buy in Bharti Life, Prudential seeks reclassification to investor status in ICICI PruLife, impacting its board representation & voting rights. Potential name change possible. #ICICIPRULI
ICICI PruLife settled a partially upheld tax demand, paying ₹1.65 lakh for an Input Tax Credit issue. The company paid without admitting allegations, resolving the matter.
ICICI Prudential Life clarifies media reports on its promoter retaining a 21.9% stake, stating it is unaware. The promoter referenced a previous disclosure, indicating the news might be speculative or previously covered.
FY2026 saw profit after tax jump 34.6% to ₹1,600 Cr, with Value of New Business increasing 10.9% to ₹2,629 Cr. Embedded Value rose 10.5% to ₹52,989 Cr, maintaining a robust 227.3% solvency. The company also divested its pension fund unit for ₹204 Cr.