ICICI Prudential Life Insurance reported new business premiums of ₹16.03 billion in May 2026, marking a year-over-year increase of 13.9%. This performance contributed to a two-month total of ₹28.99 billion for the financial year 2027, reflecting an 18.8% growth compared to the same period last year. The data was disclosed to the stock exchanges on June 9, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Premium Growth Metrics

The insurer demonstrated varied growth across different premium categories for May 2026. While new business premiums saw a double-digit rise, the Annualized Premium Equivalent (APE) grew by 7.3% to ₹7.22 billion. However, Retail APE declined by 1.2% year-over-year to ₹5.58 billion.

The following table summarizes the key performance indicators for May 2026 and the cumulative two-month period:

Annual Performance Context

For the full financial year 2026, ICICI Prudential Life Insurance reported an APE of ₹106.41 billion, a slight increase of 2.2% compared to the previous year. New business premiums for FY2026 reached ₹248.10 billion, growing by 9.9%. The renewal premium (RWRP) for the year stood at ₹82.06 billion, a marginal decrease of 1.2% year-over-year.

ICICI Prudential Life Insurance Company Limited has confirmed the dispatch of the Notice of the 26th Annual General Meeting and the Annual Report for the financial year ended March 31, 2026. The documents were sent via email on June 4, 2026, to members whose names appeared in the Register of Members or depository records as on May 15, 2026. The company has also published newspaper advertisements in the Financial Express and Loksatta to this effect, complying with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The 26th Annual General Meeting is scheduled to be held on Tuesday, June 30, 2026, at 11.00 a.m. IST through Video Conference (VC) or Other Audio-Visual Means (OAVM). The Board has recommended a final dividend of ₹1.65 per equity share of face value ₹10 each for FY2026, subject to shareholder approval at the meeting. Shareholders holding shares in dematerialised or physical mode as on Friday, June 5, 2026, will be eligible for the dividend payout.

E-voting and Shareholder Participation

The company has engaged National Securities Depository Limited (NSDL) to facilitate remote e-voting. The remote e-voting period commences at 9.00 a.m. IST on Saturday, June 27, 2026, and concludes at 5.00 p.m. IST on Monday, June 29, 2026. Members recorded in the Register of Members or depository records as on the cut-off date of Tuesday, June 23, 2026, are entitled to vote. Members can attend the AGM or view the live webcast using their e-voting credentials.

Members holding shares in dematerialised mode must update bank details, email addresses, and other changes directly with their Depository Participants. Those holding physical shares should advise changes to the Registrar and Share Transfer Agent. The Ministry of Corporate Affairs has clarified that physical copies of financial statements need not be dispatched to members, continuing the relaxation issued in September 2025.

Key Meeting Details

Dividend income is taxable in the hands of shareholders under the Income-tax Act, 2025. The company will deduct tax at source (TDS) based on the shareholder's residential status and category. Detailed communication regarding TDS implications has been sent to members with registered email IDs.