ICICI Prudential Life Insurance Company Limited : Company Profile and SWOT Analysis
Timetric's "ICICI Prudential Life Insurance Company Limited : Company Profile and SWOT Analysis" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and services, SWOT analysis, business description, company history, financial analysis, mergers & acquisitions, recent developments, key employees as well as company locations and subsidiaries.
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The profile also contains information on business operations, company history, major products and services, key employees, and locations and subsidiaries.
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ICICI Prudential Life Insurance Company Limited (ICICI Prudential) is a private sector life insurance company. The company offers a wide range of life insurance products to address the needs of individuals and group customers. The company’s product portfolio includes plans such as term plans, wealth plans, life plans, child plans, health plans, retirement plans, group plans and rural plans. Services offered by the company include insurance advisory, premium collection, portfolio statements and fund switching services. ICICI Prudential distributes its products and services through its offices, bancassurance channel, individual and corporate agents, brokers, proprietary sales force and online channels. The company is a joint venture between ICICI Bank and Prudential plc, which hold 74% and 26% stakes, respectively. ICICI Prudential is headquartered in Mumbai, India.
The company reported gross total premium of INR191.6 billion during FY2016, representing an increase of 25.2% over FY2015. Its net total premium was INR190 billion in FY2016, representing an increase of 25.3% over FY2014.