01
Aug
ICICI Prudential Life Insurance reported a 27.8% year-on-year increase in Profit After Tax (PAT) to ₹386 crore for the quarter ended June 6, while its retail protection (term plan) business registered a robust 60.4% growth during the first quarter 202of FY2027. The company also announced that its board has approved a proposal to rename the insurer as ICICI Life Insurance Limited, subject to regulatory approvals. The insurer said it paid total customer benefits of ₹4,666 crore during the quarter, including ₹1,306 crore towards death claims and ₹3,360 crore as maturity and survival benefits. It also maintained an industry-leading claim settlement…
