What is ICICI Life Insurance

ICICI Prudential Life Insurance Company Limited is a leading Life Insurance provider in India, established in 2001 as a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited.in 2016, it became the First Indian Insurance Company to be listed on domestic stock exchange .

•Key Highlights

°Founding: Joint venture between ICICI Bank (51%) and Prudential Corporation Holdings Limited (49%)

• Operations: Offers a range of Life Insurance and asset management services

•Financials: As of December 31,2024 the company managed assets worth Rs.3,104.14 billion .

.Product Offerings

ICICI Prudential Life Insurance provides various plans, including:

•Term Insurance: Pure protection plans Offering financial security to beneficiaries in case of the policyholder’s demise.

•Unit Linked Insurance Plans (ULIPs): Combines life cover with investment options.

•Endowment Plans: Offers a combination of insurance and savings.

•Retirement Plans: Helps in building a corpus for post retirement life.

•Child Plans: Designned to secure a child’s future education and other needs.

•Health Insurance Riders: Additional benifits covering critical illnesses and accidental death.