ICICI - The Purbottar

16 May

ICICI Prudential Life Insurance launches new annuity plan

Business Correspondent0 CommentsBusiness, IndiaICICI, Prudential Life Insurance

ICICI Pru Guaranteed Pension Plan Flexi, a regular premium payment annuity product has been launched by ICICI Prudential Life Insurance. It enables customers to systematically save and build retirement savings over the long term. ICICI Pru Guaranteed Pension Plan Flexi has been specifically designed to address the need of customers to make regular contributions towards building a savings pool and receive a life-long guaranteed income to lead a financially independent retired life. ICICI Pru Guaranteed Pension Plan Flexi is available in 7 variants including Life Annuity with Accelerated Health Boosters and Life Annuity with Booster Payouts. These unique variants have…

04 May

Strong financial results for FY2022

Business Correspondent0 CommentsBusiness, IndiaFY2022, ICICI

ICICI Prudential Life Insurance has delivered another strong financial performance leading to a 33% year-on-year growth in the Value of New Business (VNB) for FY2022. The VNB margin expanded to 28% and absolute VNB stood at Rs 21.63 billion. This was led by a robust growth of 25% in new business sum assured and 20% in Annualised Premium Equivalent for the same period. During FY2022, Annuity and protection new business premiums grew by 29% and 35% year-on-year respectively. New Business Sum Assured of the Company grew to Rs 7,731.46 billion for FY2022 making ICICI Prudential Life Insurance the leader in…

20 Dec

ICICI Pru Life Insurance signs UNPRI

editor0 CommentsBusiness, IndiaICICI, UNPRI

ICICI Prudential Life Insurance has become the first Indian insurance company to sign the United Nations supported Principles for Responsible Investment (UNPRI), thereby demonstrating its commitment towards Environment, Social and Governance (ESG) issues. In its journey towards promoting sustainability the Company is integrating ESG factors into its investment management framework. With Assets under Management of over Rs 2.37 trillion, ICICI Prudential Life Insurance is a key institutional investor and believes integrating the ESG framework in its investment management practices will ensure sustainable value creation for all stakeholders. Noteworthy, the UNPRI is an investor initiative in partnership with the two bodies…

31 Oct

ICICI Bank renews MoU with the Indian Army

editor0 CommentsBusinessICICI, Indian Army

ICICI Bank has renewed its Memorandum of Understanding (MoU) with the Indian Army, to offer a range of specially curated enhanced benefits and new features through its ‘Defence Salary Account’, to all serving as well as retired Army personnel. As part of the renewed benefits, the Bank is offering an array of insurance benefits to the Army personnel. The account holders get a personal accident insurance cover of Rs. 50 lakh along with insurance of Rs. 10 lakh in case of death in terrorist action, which is the highest among all banks offering ‘Defence Salary Account’. As part of the…

23 Jun

ICICI Prudential Life announces a 15% higher bonus

editor0 CommentsBusinessFINANCE, ICICI

A bonus totalling Rs 788 crore has been declared by ICICI Prudential Life Insurance for its bouquet of participating products. This is the 14th consecutive year the Company has declared a bonus and delivered long term value to policyholders. The bonus declared for FY2020 is 15% higher than the last fiscal enabling ~9 lakh policyholder to get one step closer to achieving their financial goals. All participating policies in force as of March 31, 2020, are eligible to receive this bonus, which will be added to their guaranteed maturity or death benefit.Managing Director & CEO of ICICI Prudential Life Insurance,…