InvestorQ : How do you see the significance of ICICI Pru Life assets crossing Rs.2 trillion mark?
Katherine Gonsalves made post

How do you see the significance of ICICI Pru Life assets crossing Rs.2 trillion mark?

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rhea Babu answered.
7 months ago
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The AUM of ICICI Prudential Life Insurance crossed Rs.200,000 crore for the first time ever in its 20 years of operation. It started with an AUM of Rs.100 crore in FY 2001, which had grown gradually to Rs.50,000 crore by FY2010. In the year 2015, ICICI Pru Life became the first private life insurer to achieve Rs.100,000 crore and has doubled since then.

It may be recollected that ICICI Prudential Life Insurance was the first life insurance company to be listed on the stock exchanges; NSE and the BSE. The insurer has actually not had any problems of NPAs since inception and even during the worst of market cycles. It may have lagged in market valuations but has been aggressive on the growth front.

ICICI Prudential Life Insurance was promoted by ICICI Bank Limited and Prudential of UK being the other partner in the JV. ICICI Pru Life has been among the top private sector insurers in India on a Retail Weighted Received Premium or RWRP basis. As of 30 Sep 2020, ICICI Pru Life had a total sum assured of Rs.18.06 trillion, positioning it in the big league.

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