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Important Notes
No details found.Registered Office
Address : ICICI PruLife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025
Tel : 40391600 / +91 22 5662 1600
Fax : +91 22 2422 8955
Email Address : [email protected]
Company Overview
ICICI Prudential Life Insurance Company Ltd. (ICICI Prudential Life) is a joint venture between ICICI Bank Ltd., one of India's largest private sector banks, and Prudential Corporation Holdings Limited.
ICICI Prudential Life began its operations in fiscal year 2001 and has consistently been the market leader amongst private players in the Indian life insurance sector. Their Assets Under Management (AUM) as on 30th June 2016 were Rs. 1092.82 billion.
They offer an array of products across savings, investments and protection categories that matches the different life stage requirements of their customers and enables them to achieve their long term financial goals. At ICICI Prudential Life, they operate on the core philosophy of customer centricity. 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 their customers.
ICICI Prudential Life is the first private life insurer to attain assets under management of Rs. 1 trillion and In-force sum assured of over Rs. 3 trillion. ICICI Prudential Life is also the first insurance company in India to be listed on NSE and BSE.
Values
The success of the company will be founded in its unflinching commitment to 5 core values - Integrity, Customer First, Boundaryless, Humility and Passion. Each of the values describes what the company stands for, the qualities of their people and the way they work. Every member of the ICICI Prudential team is committed to the 5 core values and these values shine forth in all that they do.
About ICICI Bank
ICICI Bank is India's largest private sector bank with total assets of Rs. 7,206.95 billion (US$ 109 billion) at March 31, 2016 and profit after tax Rs. 97.26 billion (US$ 1,468 million) for the year ended March 31, 2016. ICICI Bank currently has a network of 4,450 Branches and 14,295 ATM's across India. ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned subsidiary.
About Prudential Corporation Holdings Limited
Prudential Corporation Holdings Limited is a part of Prudential plc which was founded in London in 1848. Prudential plc. is an international financial services group with significant operations in Asia, the US and the UK. Prudential plc. serves around 24 million insurance customers and has £562 billion of assets under management.
Corporate Social Responsibility
CSR has been a long-standing commitment at the ICICI Group and forms an integral part of the Company’s activities. The Group’s Contribution to social sector development includes several pioneering interventions, and is implemented through the involvement of stakeholders within the Company, the Group and the broader community. ICICI Prudential Life’s CSR objective is to pro-actively support meaningful socio-economic development in India and enable a larger number of people to participate in and benefit from India’s economic progress. This is based on the belief that growth and development are effective only when they result in wider access to opportunities and benefit a broader section of society.
The Company’s CSR activities are largely 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 fulfiling 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.
The CSR policy of the Company sets the framework guiding the Company’s CSR activities, while the CSR committee is the governing body that articulates the scope of CSR activities and ensures compliance with the CSR policy.
