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    ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD.

    04 April 2025 | 12:00

    Industry >> Finance - Life Insurance

    Select Another Company

    ISIN No INE726G01019 BSE Code / NSE Code 540133 / ICICIPRULI Book Value (Rs.) 79.92 Face Value 10.00
    Bookclosure 28/06/2024 52Week High 797 EPS 5.89 P/E 94.61
    Market Cap. 80473.29 Cr. 52Week Low 515 P/BV / Div Yield (%) 6.97 / 0.11 Market Lot 1.00
    Security Type Other

    History of Company

    The company history sections lists out major chronological events that happened to the company.
    The Company was incorporated at Mumbai on July 20, 2000 as ICICI Prudential Life Insurance Company Limited, a public limited company under the Companies Act, 1956. the Company obtained the certificate of commencement of business on October 16, 2000. The Company is registered with IRDAI for carrying out the business of life insurance pursuant to the registration certificate dated November 24, 2000. For information of the Company's profile, activities, services, products, market, growth, technology, managerial competence, capacity built-up, standing with reference to prominent competitors and major customers.

    Major events and milestones of the Company :

    2001

    -The Company started operations

    2002

    -Crossed the mark of 100,000 policies

    2005

    -Crossed the mark of 1 million policies

    2008

    -Crossed the mark of 5 million policies

    -Crossed receipt of Rs. 100 billion of total premium

    -Crossed Rs. 250 billion of assets under management

    2010

    -Established Subsidiary for the purposes of undertaking pension funds related business

    -The Company turned profitable - registered profit of Rs. 2.58 billion

    -Crossed Rs. 500 billion of assets under management

    2012

    -Started paying dividends

    2015

    -Crossed Rs. 1 trillion of assets under management
    Awards and Accreditations :

    2011

    -The Company was awarded "The Best Leading Private Player Life Insurance" at the CNBC TV18 Best Bank and Financial Institutions Award.

    -The Company was conferred the `Insurance Company of the Year Award 2011' and "Company of the Year Award 2011 Life Insurance" at The Indian Insurance Awards instituted by the reputed insurance jthenal of India Insurance Review, in association with Celent, a research and consulting firm.

    2012

    -The Company was pronounced winner in the second Excellence Awards and Recognition for shared services in the insurance domain category.

    2013

    -The Company received the Silver Effiee award in the financial services category for the brand campaign "Achche Bandeh".

    2014

    -The Company was conferred the QualTech prize for "Innovation" at the Qimpro Awards.

    -The Company ranked as one of the best brands in BFSI sector as per the "Brandz top 50 most valuable Indian brands 2014", a study conducted by Millward Brown and published by WPP.

    2015

    -Recognised as Model Insurer (Digital) by Celent Model Insurer

    -The Company ranked as one of the best brands in BFSI sector as per "BrandZ top 50 most valuable Indian brands 2015", a study conducted by Millward Brown and published by WPP.

    2016 -ICICI Pru iProtect Smart product voted `Product of the Year 2016' in the life insurance category by consumers nationwide by Product of the Year (India) Private Limited. -ICICI Pru Life - Listing of equity shares of ICICI Prudential Life Insurance Company Ltd

    2017 - ICICI Prudential Life launched ICICI Pru Heart/Cancer Protect. The unique feature of this product is that it pays part of the insurance cover amount to the customer on diagnosis of a Heart ailment or Cancer. -ICICI Prudential Life & World Wide Fund for Nature-India tie-up for a social initiative -First insurance company in India to list on NSE and BSE

    2018

    -ICICI Pru iProtect Smart the "Best Term Insurance Provider of the Year" by Money Today Financial Awards 2017-18. -ICICI Pru Heart/Cancer Protect voted "Product of the Year 2018" in the life insurance category by Product of the Year (India) Private Limited. -ICICI Prudential Life partners with WhatsApp to offer next-gen Customer Service. -ICICI Prudential Life launches multimedia campaign to position iProtect Smart as the ultimate term insurance plan.

    2019 -ICICI Prudential Life Insurance Company Annual Report 2018-19 was ranked at #54 worldwide among the entries received by League of American Communications Professionals LL(LACP). -Ranked amongst the top 3 Companies in Indian Corporate Governance Scorecard. -Airtel Payments Bank partners with ICICI Prudential Life to offer insurance products.

    2020 -Awarded the 'Claims & Customer Service Excellence Awards' in the Life Insurance Category by FICCI. -ICICI Prudential Life Insurance Company Annual Report 2019-20 was ranked at #52 worldwide among the entries received by League of American Communications Professionals LL (LACP). -ICICI Prudential Life Launches AI-powered voice chatbot on Google Assistant. -ICICI Prudential Life Insurance launches Guaranteed Pension Plan.

    2021 -ICICI Prudential Life Insurance wins 'ET BFSI Excellence Award 2021' for 'Excellence in Innovation' under the category `Best Use of Emerging Technology for business growth'. -ICICI Prudential Life Insurance won Silver in `Best Mobile App of the Year' for the campaign `Customer Mobile App' in the Velocity Awards 2021. -ICICI Prudential Life Insurance launches new term insurance plan: ICICI Pru iProtect Return of Premium. -ICICI Prudential Life Insurance launches new income product. -Crossed Rs. 2 trillion of assets under management

    2022 -ICICI Prudential Life Insurance launches new long-term savings product `ICICI Pru Sukh Samruddhi. -ICICI Prudential Life Insurance announces record annual bonus of 968.8 crore for policyholders. -ICICI Prudential Life Insurance launches new annuity plan: ICICI Pru Guaranteed Pension Plan Flexi. -ICICI Prudential Life Insurance Company's Assets under Management crosses Rs. 2.5 lakh crore. -Award for 'Excellence in Innovation in Customer Proposition & Experience' at the 14th Global Insurance Summit & Awards by ASSOCHAM -Award for 'Sales Champion in the Life Insurance - Large' category at the 9th Economic Times Insurance Summit Awards 2022

    2023

    -Crossed Rs. 2.5 trillion of assets under management

    -Award for `Sales Champion' - Life Insurance (Large) category at the 10th Edition of ET EDGE Insurance Summit and Awards

    -Award for `Best Technology Enabled Transformation - Runner Up' at the 15th Global Insurance Summit & Awards by ASSOCHAM

    2024 -ICICI Prudential Life and RGA launch life insurance industry's first product covering women specific ailments ICICI Pru Wish. -ICICI Prudential Life launches industry's first `Increasing Income' feature in ICICI Pru Guaranteed Pension Plan Flexi to manage inflation. -ICICI Prudential Life Insurance launches its First ULIP with Fund Value-based distributor payouts ICICI Pru Platinum. -ICICI Prudential Life Insurance launches retirement savings product - ICICI Pru Gold Pension Savings. -ICICI Prudential Life Insurance launches ICICI Pru Guaranteed Pension Plan Flexi with Benefit.

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