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ICICI Prudential Life Insurance Company Ltd. Company History and Annual Growth Details

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 CompanyÂs 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 ÂThe Best Leading Private Player Life InsuranceÂ at the CNBC TV18 Best Bank and Financial Institutions Award.

-The Company was conferred the ÂInsurance Company of the Year Award 2011Â and ÂCompany of the Year Award 2011 Life InsuranceÂ 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 ÂAchche BandehÂ.

2014

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

-The Company ranked as one of the best brands in BFSI sector as per the ÂBrandz top 50 most valuable Indian brands 2014Â, 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 ÂBrandZ top 50 most valuable Indian brands 2015Â, a study conducted by Millward Brown and published by WPP.

2016
-ICICI Pru iProtect Smart product voted ÂProduct of the Year 2016Â 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 ÂBest Use of Emerging Technology for business growthÂ.
-ICICI Prudential Life Insurance won Silver in ÂBest Mobile App of the YearÂ for the campaign ÂCustomer Mobile AppÂ 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 ÂICICI 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 CompanyÂs 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 Â Large' category at the 9th Economic Times Insurance Summit Awards 2022

2023

-Crossed Rs. 2.5 trillion of assets under management

-Award for ÂSales ChampionÂ - Life Insurance (Large) category at the 10th Edition of ET EDGE Insurance Summit and Awards

-Award for ÂBest Technology Enabled Transformation - Runner UpÂ at the 15th Global Insurance Summit & Awards by ASSOCHAM

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