ICICI Prudential Life Insurance Company Limited is a life insurance and customer wealth management services company. Founded in 2000, it is headquartered in Mumbai. The company is officially recognised by the Insurance Regulatory and Development Authority of India to conduct life insurance operations.
The company started its operations in the fiscal year 2001 and has consistently ranked among the top private sector life insurance companies in India based on Retail Weighted Received Premium (RWRP).
It is a joint venture of ICICI Bank and Prudential Corporation Holdings Limited. ICICI Bank holds a 51% stake in ICICI Prudential Life Insurance Company Limited, which is a subsidiary of ICICI Bank Ltd. Prudential Plc has a 22% stake in the company. It is a British multinational insurance company headquartered in London. It is the largest UK life insurer in Asia, operating in various countries including India, China, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines and other Asian nations.
ICICI Prudential's services include life insurance, pensions and health insurance products for both individuals and groups. The business operates in participating, non-participating and unit-linked lines. The services are distributed through individual agents, corporate agents, banks, brokers, the sales force and the company's website.
After its inception, ICICI Prudential became the first private life insurance company in India to manage assets worth ₹1 trillion during the fiscal year 2015. The company also became the first insurance company in India to be listed on both the National Stock Exchange (NSE) and BSE in 2016.
The company's Assets Under Management (AUM) surpassed the ₹2.5 trillion milestone in FY2023. The company ranks among India's prominent private life insurers and holds a total in-force sum assured of ₹29.5 trillion as of March 2023.
The market capitalisation of ICICI Prudential is over ₹76,300 crore as of January 12, 2024. ICICI Prudential share price has gained close to 1% in the last three years.
ICICI Prudential has a network of 471 branches and over 2 lakh advisors. It also has over 900 partnerships which include 39 bank collaborations.
The company has a wholly-owned subsidiary ICICI Prudential Pension Funds Management Company. It distributes products under the National Pension System. The pension fund management company is registered under the Pensions Fund Regulatory and Development Authority of India.
ICICI Prudential Life Insurance Company Limited has covered 7.7 crore people. The company recorded a 98.7% claim settlement ratio in FY23 and its settled claims totalled ₹1,949 crore.
– ICICI Prudential’s total income for FY23 stood at ₹2,910 crore, down by 8.7% compared to ₹3186 crore in FY22. –The profit after tax (PAT) of the Company increased to ₹813.5 crore as against ₹759 crore for the previous year, registering a growth of 7.2%. – The earnings per share (EPS) for FY23 was ₹5.66 compared to ₹5.28 in the previous financial year.
As of 26 May 2026, ICICI Prudential Life Insurance share price is ₹526.70. The stock opened at ₹525.00, compared to its previous close of ₹520.05. During today's trading session, ICICI Prudential Life Insurance share price moved in the range of ₹522.60 to ₹528.85, with an average price of ₹525.73 for the day. Looking at its last 52-week, the stock has touched a low of ₹522.60 and a high of ₹528.85. On the performance front, ICICI Prudential Life Insurance share price has declined by 13.97% over the last six months and is down 17.99% on a year-on-year basis.
The market capitalization of ICICI Prudential Life Insurance is ₹75,438 Crs, with a P/E ratio of 46.9 and a dividend yield of 0.32%.