ICICI Prudential Life Insurance Company Limited has reported significant growth across its key premium metrics for September, showcasing the company's strong performance in the life insurance sector.

Premium Growth Highlights

The company witnessed growth across various premium categories:

Retail Weighted Received Premium

ICICI Prudential's retail weighted received premium (RWRP) saw a substantial increase of 15.20% compared to the same period last year. This metric, which includes 100% of first-year premiums and 10% of single premiums, indicates strong growth in the company's core retail business.

Annualized Premium Equivalent

The company's annualized premium equivalent (APE) grew by 15.00% year-over-year. APE is a common measure used in the insurance industry to calculate new business written, combining the total value of regular premiums plus 10% of single premiums.

New Business Premium

ICICI Prudential reported the most significant growth in its new business premium, which jumped by 24.90% compared to the previous year. This substantial increase suggests a strong influx of new policies and customers.

Market Implications

The robust growth across these key metrics indicates ICICI Prudential's strong market position and effective strategies in attracting and retaining customers. The significant increase in new business premium, in particular, points to the company's success in expanding its customer base and potentially gaining market share.

These positive results come at a time when the Indian life insurance sector is experiencing growth, driven by increasing awareness about financial protection and long-term savings. ICICI Prudential's performance suggests it is well-positioned to capitalize on these market trends.

As the company continues to show strong growth, investors and industry observers will likely keep a close watch on ICICI Prudential's future performance and its ability to maintain this growth trajectory in the competitive Indian insurance market.

ICICI Prudential Life Insurance Company Limited has received a green light from the Insurance Regulatory and Development Authority of India (IRDAI) to proceed with the redemption of non-convertible debentures worth ₹12 billion. This significant financial move underscores the company's strategic approach to managing its capital structure.

Key Details of the Debenture Redemption

• Approval Date: The company received IRDAI's approval on September 25, 2025, at 3:28 p.m.
• Redemption Plan: ICICI Prudential Life plans to exercise a call option to redeem 12,000 non-convertible debentures.
• Total Value: The debentures amount to ₹12.00 billion in aggregate.
• Redemption Date: The call option is set to be exercised on November 6, 2025.
• Redemption Price: The debentures will be redeemed at par value.

Regulatory Compliance and Financial Stability

The redemption aligns with several regulatory requirements:

• It adheres to Regulation 48 of the IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) Regulations, 2024.
• The company's application was in line with Regulation 15(2) of SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021.
• ICICI Prudential Life has confirmed that post-redemption, its solvency margin will remain above the regulatory requirement of 180%.

Market Communication

In compliance with SEBI regulations, ICICI Prudential Life has made the following disclosures:

• The company informed the BSE Limited and the National Stock Exchange of India Limited about the IRDAI approval.
• Detailed annexures were provided, outlining the specifics of the approval and its implications as per SEBI's Master Circular dated November 11, 2024.

Impact on Financial Position

The redemption of these debentures is a significant financial event for ICICI Prudential Life Insurance. By exercising the call option, the company demonstrates its ability to manage its debt effectively while maintaining a strong solvency position. This move may potentially optimize the company's capital structure and could have positive implications for its financial flexibility going forward.

ICICI Prudential Life's proactive approach in seeking regulatory approvals and maintaining transparency with stakeholders reflects its commitment to sound corporate governance practices. As the November 6, 2025 redemption date approaches, market observers will likely keep a close eye on how this transaction impacts the company's overall financial health and market position in the competitive insurance sector.