ICICI Prudential Life Insurance is a joint venture between two leading global companies
in the finance domain, namely ICICI bank, which is of Indian origin and Prudential
PLC, one of the foremost international financial services groups, with its headquarters
in the United Kingdom. ICICI Bank holds a stake of 74% where as prudential PLC shares
the rest 26%, with the total capital infusion standing at 47.80 million, as according
to the latest updates.
It all began in December 2000 when the company received an approval from the Insurance
Regulatory Development Authority. At present, the firm is flourishing with 2000
plus branches across the country, comprising of over 258,000 advisors and 24 bancassurance
partners. ICICI Prudential is the first life insurance company in the country to
have received a National Insurer Finance Strength rating of AAA(Ind) from Fitch
Ratings. 'The Economic Times' has voted the company as India's most trusted life
insurance company for three years consecutively
Insurance Plans:
ICICI Prudentials caters to the various needs of almost every age group. They have
a plan to cater to each individual keeping in mind the entire market scenario. They
deal in three arenas basically,
life insurances, health suites and pension and retirement solutions.