ICICI Prudential Life Insurance Allots 130,830 Equity Shares Under Employee Stock Option Schemes

1 min read     Updated on 10 Mar 2026, 01:31 PM
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Overview

ICICI Prudential Life Insurance Company Limited allotted 130,830 equity shares of ₹10 face value each on March 10, 2026, under employee stock option schemes. The allotment included 128,730 shares under the 2005 ESOP scheme and 2,100 shares under the 2023 ESUS scheme, with approval from the MD & CEO pursuant to Board authority from January 22, 2019.

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ICICI Prudential Life Insurance Company Limited has completed the allotment of 130,830 equity shares under its employee stock option schemes on March 10, 2026. The allotment was formally communicated to both BSE Limited and National Stock Exchange of India Limited through an official notification.

Share Allotment Details

The company allotted equity shares with a face value of ₹10 each across two distinct employee benefit schemes:

Scheme Shares Allotted
ICICI Prudential Life Insurance Company Limited - Employees Stock Option Scheme (2005) 128,730
ICICI Prudential Life Insurance Company Limited - Employees Stock Unit Scheme (2023) 2,100
Total Shares Allotted 130,830

Approval Process and Authority

The allotment received approval from the Managing Director & CEO of the company at 12:49 p.m. IST on March 10, 2026. This approval was granted pursuant to the authority delegated by the Board of Directors during their meeting held on January 22, 2019.

Share Characteristics

The newly allotted equity shares will rank pari-passu with the existing equity shares of the company, ensuring equal rights and privileges for all shareholders. This standard provision maintains uniformity in shareholder rights across all issued equity shares.

Corporate Communication

The notification was signed by Priya Nair, Company Secretary (ACS 17769), and digitally authenticated on March 10, 2026, at 13:09:35 +05'30'. The company has made this information accessible on its official website at www.iciciprulife.com for stakeholder reference.

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ICICI Prudential Life Insurance Reports Mixed Performance in February 2026 with Strong Sum Assured Growth

1 min read     Updated on 09 Mar 2026, 02:03 PM
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Reviewed by
Jubin VScanX News Team
Overview

ICICI Prudential Life Insurance Company Limited reported mixed performance results for February 2026, with APE growth of 12.3% and exceptional New Business sum assured growth of 31.5% reaching ₹1,096.13 billion. However, the eleven-month cumulative performance shows RWRP declining 1.3% year-on-year to ₹68.99 billion, while APE maintained marginal growth of 0.6% at ₹87.88 billion. The company's New Business premium collection remained robust with 15.7% growth in February 2026.

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*this image is generated using AI for illustrative purposes only.

ICICI Prudential Life Insurance Company Limited has submitted its monthly performance update for February 2026 to stock exchanges under Regulation 30 of SEBI listing requirements. The report, filed on March 9, 2026, presents a comprehensive view of the company's premium collection and business metrics across various time periods.

February 2026 Performance Highlights

The company's performance in February 2026 showed mixed trends across different business segments. Key metrics demonstrated varying growth patterns compared to the previous year.

Metric February 2026 Y-o-Y Growth
RWRP ₹7.87 billion 7.7%
APE ₹9.87 billion 12.3%
Retail APE ₹8.38 billion 9.8%
NB Premium ₹21.48 billion 15.7%
NB Sum Assured ₹1,096.13 billion 31.5%

Eleven-Month Cumulative Performance

For the eleven-month period ending February 2026, ICICI Prudential Life Insurance's cumulative performance reflects the challenging operating environment. The company's RWRP for 11M-FY2026 reached ₹68.99 billion, representing a decline of 1.3% year-on-year.

Parameter 11M-FY2026 Y-o-Y Growth
RWRP ₹68.99 billion (1.3%)
APE ₹87.88 billion 0.6%
Retail APE ₹72.91 billion (0.1%)
NB Premium ₹192.29 billion 2.4%
NB Sum Assured ₹12,912.94 billion 19.0%

Quarterly and Half-Yearly Trends

The company's quarterly performance for Q3-FY2026 showed positive momentum with RWRP growth of 9.3% and APE growth of 3.6%. Half-yearly results for H1-FY2026 indicated RWRP of ₹32.84 billion with a decline of 10.4%, while APE reached ₹42.86 billion with a decline of 4.1%.

New Business Metrics

New Business premium collection demonstrated resilience with February 2026 recording ₹21.48 billion, marking a 15.7% year-on-year increase. The New Business sum assured metric stood out with exceptional performance, reaching ₹1,096.13 billion in February 2026, representing a significant 31.5% growth compared to the previous year.

Regulatory Compliance

The performance update was filed by Company Secretary Priya Nair under the company's regulatory obligations. ICICI Prudential Life Insurance maintains its registered office at ICICI Prulife Towers, Prabhadevi, Mumbai, and continues to serve over 20 crore Indians as highlighted in their corporate communications.

Historical Stock Returns for ICICI Prudential Life Insurance

1 Day5 Days1 Month6 Months1 Year5 Years
-0.19%-8.13%-7.39%+0.38%+10.24%+23.49%
ICICI Prudential Life Insurance
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