ICICI Prudential Life Insurance Company Limited Overview
Pro stress-test →ICICI Prudential Life Insurance Company Limited is engaged in carrying on the business of providing life insurance, pensions and health insurance products to individuals and groups. The company is a joint venture between ICICI Bank, India's leading private sector bank, and Prudential plc, a leading international financial services group headquartered in the United Kingdom. During the year, its total premium surpassed ₹10,000 crore, and its assets under management surpassed ₹25,000 crore.
Strategic Profile
Pro stress-test →As of September 2025, ICICI Bank holds 51% and Prudential Corporation holds a 22% stake in the company. The company is a critical entity for ICICI Bank, receiving financial support and board oversight from the bank. The parent company serves as a corporate agent for ICICI Pru Life, providing access to the bank's branch network and customer base for selling insurance products. It distributes its products through individual and corporate agents, banks, and brokers, as well as through its sales force and website.
Competitive Landscape
Pro stress-test →ICICI Prudential Life Insurance is one of India's leading life insurers, offering a range of life insurance products including term plans, savings plans, and pension solutions. Key competitors in India's life insurance sector include SBI Life Insurance, HDFC Life Insurance, and LIC (Life Insurance Corporation). The company competes on product breadth, distribution network strength (particularly via ICICI Bank partnership), and digital capabilities.
Industry Context
ICICI Prudential Life Insurance Company Limited operates in Life Insurance & Financial Services.
Key facts
Founded: 2000 · Headquarters: Mumbai, India · Employees: Not publicly disclosed · Revenue: ₹75,859 crore · Market cap: ₹92,735 crore (~$11.1B)