ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD
ICICI Prudential Life Insurance Company Limited (ICICI Prudential Life) is promoted by ICICI Bank Limited and Prudential Corporation Holdings Limited. The company began its operations in the fiscal year 2001. It has consistently been amongst the top companies in the Indian life insurance sector.
At ICICI Prudential Life, they operate on the core philosophy of customer-centricity. They also offer long term savings and protection products to meet different life stage requirements of our customers. They have developed and implemented various initiatives to provide cost-effective products, superior quality services, consistent fund performance and a hassle-free claim settlement experience to our customers. Their vision is to build an enduring institution that serves the protection & long term saving needs of customers with sensitivity. Their core values are Customer First, Humility, Passion, Integrity, and Boundary less. Values guide their actions and define the way they work.
The Company’s CSR activities are primarily focused in the areas of education, health, skill development and sustainable livelihood, financial inclusion, capacity building for CSR and other activities as the Company may choose to support in fulfilling its CSR objectives. The Company supports programs and initiatives keeping “protection” as the core proposition and cornerstone of all its CSR initiatives since “protection” is core to the Company’s business.
COVID 19 relief support: In FY2021, the Company contributed 100.0 mn to ‘The Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund’ (PM CARES Fund). The employees too volunteered to donate 26.5 mn to PM CARES fund through payroll contribution.
Their shareholding pattern consists of Promoters and Promoter Group having 73.45 % of shares, Public having 5.27% shares, following by FII’s having 17.17% shares and DII’s with 4.11% shares.
