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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 has received an order from the Additional Commissioner dismissing its appeal and upholding a tax demand related to non-payment of tax on certain outward supplies covering the period from July 2017 to September 2019. The order entails a GST liability of ₹ 1.88 Cr and a...
ICICI Prudential Life Insurance reported strong growth for August 2026, with APE rising 23.4% year-on-year to 8.91 billion and retail APE jumping 24.5%. New business sum assured surged 57.9%, signaling robust momentum in core policy sales and expanding life cover demand.
ICICI Prudential Life will transfer unclaimed dividends (FY2020-2026) and related shares to the Investor Education Fund. Shareholders with uncashed dividends need to claim them soon, otherwise retrieving these assets will require engaging directly with the fund.
ICICI Prudential Life's Board has initiated a postal ballot for shareholder approval to change the company name to ICICI Life Insurance Limited. This represents a key branding development for the company.
ICICI PruLife's July performance shows robust growth. New Business Premium increased 20.7% to 2,301 Cr, while New Business Sum Assured rose 20.5%. Annualized Premium Equivalent (APE) also grew 14.5% to 949 Cr.