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ICICI Prudential Life Insurance
SectorInsurance
ICICI Prudential Life Insurance Company Limited is a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited, incorporated in 2000. It provides life insurance, pensions, and health insurance products to individuals and groups in India. The company offers various products including non-linked insurance savings plans, protection plans, and unit-linked insurance plans. It distributes its products through individual agents, corporate agents, banks, brokers, and its proprietary sales force. As of March 31, 2023, the company operates through 471 offices in 408 locations. ICICI Prudential Life Insurance is listed on Indian stock exchanges and is one of the largest fund managers in India with total assets under management of Rs. 2,404.92 billion as of March 31, 2022. The company reported a new business premium of Rs.169.22 billion in FY2023 and settled over 246,273 mortality claims amounting to Rs 38.51 billion with high claim settlement ratios.
In the news
ICICI Life targets 20,000 women advisors by FY27 under Narishakti
ICICI Life Q2 PAT jumps 25% to ₹374 cr, brokerages trim targets
ICICI Life's Digital Gamble: Bank Veteran Takes the Helm
ICICI Prudential Life Appoints Sidharatha Mishra as New CEO
Life Insurers Show Strong Protection Segment Growth
Government seeks long-term funds as insurance sector shifts to short-term
ICICI Prudential Life achieves 99.31% claim settlement ratio
Global yields rise may constrain India's rate-cut cycle: HSBC
LIC Q4 FY26: Margin Gains, Market Share Pressures, and the Stock Puzzle
LIC's 1:1 Bonus Issue: A Strategic Masterstroke or Just Numbers Game?
Q4 FY26 Earnings: Winners, Losers, and Market Mayhem
ICICI Pru Life shares tumble 9% to 52-week low on Prudential deal
Company insights, generated from the most recent coverage.
H1 FY27 retail protection APE grew 47.2% and annuity APE 50%, with the ex-GST cost-to-premium ratio down 30 bps — quality of new business is improving even as headline VNB growth decelerates.
Q2 FY27 VNB margin of 25.43% is up from 24% a year earlier but down from Q1's 26.7%, and VNB of ₹712 Cr missed estimates — the market punished the miss (stock -4% off its high to ₹446.30) rather than the 25% PAT jump.
Trading at ₹446.30 against a 52-week low of ₹441.80 and 37% below its high, ICICI Life is priced as a broken franchise despite 25% PAT growth and 16.6% premium growth — a valuation gap driven by VNB-margin narrative, not earnings.