ICICI Prudential Life Insurance
595.75
+8.75(+1.49%)
Market Cap₹84,923.20 Cr
PE Ratio65.96
IndustryInsurance
Company Performance:
1D+1.49%
1M-0.72%
6M+0.02%
1Y-18.96%
5Y+40.76%
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More news about ICICI Prudential Life Insurance
09Oct 25
ICICI Prudential Reports Robust Premium Growth Across Key Metrics in September
ICICI Prudential Life Insurance Company Limited reported significant growth across key premium metrics for September. The company's retail weighted received premium increased by 15.20%, annualized premium equivalent grew by 15.00%, and new business premium surged by 24.90% year-over-year. These results indicate strong performance in the company's core retail business and success in attracting new customers.
26Sept 25
ICICI Prudential Life Insurance Secures IRDAI Nod for ₹12 Billion Debenture Redemption
ICICI Prudential Life Insurance received approval from IRDAI to redeem non-convertible debentures worth ₹12 billion. The company plans to exercise a call option on November 6, 2025, to redeem 12,000 debentures at par value. This move aligns with regulatory requirements and the company confirms its solvency margin will remain above the 180% regulatory requirement post-redemption. ICICI Prudential has informed the BSE and NSE about this approval, demonstrating transparency and compliance with SEBI regulations.
25Sept 25
ICICI Prudential Life Insurance Announces Board Meeting to Review Q2 and H1 2025 Financial Results
ICICI Prudential Life Insurance Company Limited has announced a board meeting for October 14, 2025, to review and potentially approve Q2 and H1 FY2025 financial results. The company has implemented a trading window closure from October 1 to October 16, 2025, for designated persons and their immediate relatives. This announcement complies with SEBI regulations and the company's Code of Conduct.
19Sept 25
ICICI Prudential Life Insurance Seeks Shareholder Approval for Two New Directors
ICICI Prudential Life Insurance has initiated a postal ballot to appoint Mr. Naveen Tahilyani and Mr. Samit Upadhyay as non-executive directors, effective September 13, 2025. Tahilyani, 51, is the Regional CEO at Prudential Plc, while Upadhyay, 45, is the Head of Retail Assets at ICICI Bank. The e-voting process for shareholders will run from September 20 to October 19, 2025, with results to be declared by October 21, 2025.
12Sept 25
ICICI Prudential Life Insurance Approves ₹12 Billion Debenture Call Option and Board Changes
ICICI Prudential Life Insurance Company Limited has approved the issuance of ₹12 billion in non-convertible debentures over the next year. The company will also exercise a call option to redeem existing debentures worth ₹12 billion on November 6, 2025. Board changes include the resignation of two non-executive directors and the appointment of two new non-executive directors, Mr. Navin Tahilyani and Mr. Samit Upadhyay, effective September 13, 2025. A postal ballot process has been initiated for shareholder approval of the new appointments.
09Sept 25
ICICI Prudential Life to Consider ₹12 Billion NCD Redemption and Fresh Fundraising
ICICI Prudential Life's board will meet on September 12, 2025, to consider redeeming ₹12 billion NCDs issued in 2020 and raising fresh funds through new subordinated NCDs via private placement. The company reported a 34% increase in net profit to ₹302.08 crore for Q1, despite a 5% decline in Total APE and a 3.2% drop in VNB. The company's shares closed 0.7% higher at ₹597.00 on NSE following the announcement. ICICI Prudential Life maintains strong operational metrics with 96.8% digital service interactions, a 99.6% claims settlement ratio, and an 86.0% 13-month persistency ratio.
09Sept 25
ICICI Prudential Life Insurance Reports Mixed Premium Performance in August, Plans ₹12 Billion Debenture Issue
ICICI Prudential Life Insurance Company Ltd reported a 9.3% year-over-year increase in new business premiums for the five-month period ending August. However, the retail weighted received premium (RWRP) declined by 13.1% compared to last year. For August, RWRP stood at ₹5.92 billion, while Annualized Premium Equivalent (APE) was ₹7.22 billion, down 9.4% year-over-year. The company announced plans to raise ₹12 billion through debentures on September 12.
05Sept 25
ICICI Prudential Life Insurance Anticipates 1% Boost in Embedded Value Following GST Exemption
ICICI Prudential Life Insurance Company has welcomed the GST council's decision to exempt individual life insurance policies from GST, effective September 22, 2025. The company anticipates a 1% positive impact on its Embedded Value. This reform aims to make life insurance more affordable and accessible, potentially boosting industry growth and insurance penetration in India. The exemption is expected to increase demand for life insurance products and be value accretive for the organization.
18Aug 25
Insurance Leaders Warn: GST Reduction Could Harm Industry
ICICI Prudential Life Insurance and other insurance industry leaders have expressed concerns about potential changes to the GST structure for the sector. They warn that reducing GST to 5% or removing it entirely for insurance products could lead to increased operational costs, higher premiums, and reduced demand. The industry argues that these changes, contrary to expectations, might negatively impact both insurance providers and consumers.
01Aug 25
IRDAI Allows ICICI Prudential Life to Continue Bancassurance Operations Through Parent Bank
IRDAI has decided not to impose restrictions on ICICI Prudential Life Insurance Company's bancassurance business through ICICI Bank. This allows the insurer to maintain its current distribution model via its parent bank's network. Separately, the company faces a GST-related tax demand of ₹24,70,789 from West Bengal authorities, which it plans to appeal.
30Jul 25
ICICI Prudential Life Insurance Credits ₹0.85 Per Share Final Dividend for FY2025
ICICI Prudential Life Insurance Company Limited has credited the final dividend of ₹0.85 per equity share for the financial year 2025 to shareholders' bank accounts on July 30, 2025. The dividend was approved at the Annual General Meeting on June 27, 2025, with June 12, 2025, set as the record date. Tax has been deducted at source where applicable, and Form 16A certificates will be available by August 15, 2025. Shareholders have been notified via email and can contact KFin Technologies Limited for any discrepancies.
28Jul 25
ICICI Prudential Life Launches 'Saksham Niveshak' Campaign to Address Unclaimed Dividends
ICICI Prudential Life Insurance Company initiates a 100-day 'Saksham Niveshak' campaign from July 28 to November 6, 2025, to help shareholders claim unpaid dividends and update details. The campaign aims to prevent transfer of unclaimed dividends and shares to the Investor Education and Protection Fund (IEPF). The company has sent reminder letters, provided online information, and simplified the claim process. Shareholders are urged to update their KYC and bank details to receive dividends electronically. This initiative complies with the Companies Act 2013 and SEBI regulations.
22Jul 25
ICICI Prudential Life Reports 5% APE Decline in Q1 Despite 34% PAT Growth
ICICI Prudential Life Insurance reported mixed Q1 results with APE declining 5% to ₹18.64 billion, but profit after tax growing 34.2% to ₹3.02 billion. VNB margin improved to 24.5%. Non-linked savings grew 20.8%, while linked business declined 13.6%. Protection business grew 15.2%. The company attributed APE decline to market volatility affecting linked products. ICICI Prudential Life maintains focus on product innovation, distribution expansion, and cost optimization.
16Jul 25
ICICI Prudential Life Reports 34.2% PAT Growth, Plans Product Innovation
ICICI Prudential Life Insurance reported strong Q1 results with a 34.2% year-on-year increase in Profit After Tax to ₹302.00 crore. The company saw total premium growth of 8.1% to ₹8,954.00 crore and a 36.3% rise in New Business Sum Assured. Value of New Business reached ₹457.00 crore with a 24.5% margin. Assets Under Management grew 5.1% to ₹3.20 lakh crore. The company maintained a diversified product mix and distribution network, improved operational efficiency, and announced plans for growth recovery and product innovation over the next nine months.
15Jul 25
ICICI Prudential Life Insurance Reports 34% Surge in Q1 Profit, Driven by Higher Premiums and Lower Costs
ICICI Prudential Life Insurance Company Limited posted strong Q1 results with a 34% year-on-year increase in Profit After Tax to ₹3.02 billion. Net premium income grew by 8% to ₹85.03 billion, driven by a 20% rise in single premiums. The company saw improved cost efficiency with a 10.1% decrease in operating expenses. Value of New Business reached ₹4.57 billion with a 24.5% VNB margin. Protection Annual Premium Equivalent grew by 15.2%, and New Business Sum Assured increased by 36.3%. The company maintained a robust solvency ratio of 212.3%.
10Jul 25
ICICI Prudential Life: Q1 New Business Premium Rises Despite APE Fall
ICICI Prudential Life Insurance reported mixed Q1 results with new business premium growing 6.5% year-over-year to ₹4,012.00 crore, while Annualised Premium Equivalent (APE) decreased by 5% to ₹1,864.00 crore. Retail APE saw a 9.2% decline to ₹1,512.00 crore. The company's share price initially fell but later pared losses after the update.
09Jun 25
ICICI Prudential Life Reports Mixed APE Results: Total APE Up, Retail APE Down
ICICI Prudential Life Insurance Company reports a 1.00% increase in Total Annualized Premium Equivalent (APE), but faces a 14.00% decline in Retail APE. Despite this, the company achieves a 7.00% growth in premiums, indicating a complex market performance across different business segments.
14May 25
ICICI Prudential Life Insurance Reports 5.3% YoY Decline in APE for April 2025
ICICI Prudential Life Insurance Company Limited experienced a 5.30% year-on-year decrease in Annual Premium Equivalent (APE) for April 2025. This decline in APE, a key metric for measuring new business growth in the insurance industry, suggests potential challenges in new business acquisition or policy renewals. The company may be facing increased competition, changing consumer preferences, or impacts from regulatory changes. This performance raises questions about the overall health of India's life insurance sector and may prompt ICICI Prudential to consider strategies such as introducing new products, enhancing digital capabilities, or focusing on cost optimization.
13May 25
ICICI Prudential Life Insurance Reports 5.3% Decline in APE for April 2025
ICICI Prudential Life Insurance Company Limited experienced a 5.30% decrease in Annual Premium Equivalent (APE) for April 2025 compared to the previous year. APE, a key metric for measuring new business growth in the insurance industry, combines annualized first-year premiums on regular policies with 10% of single premiums. This decline suggests a challenging start to the financial year for the company, potentially due to changing market conditions, increased competition, shifts in consumer preferences, or economic factors affecting insurance buying patterns.
18Apr 25
ICICI Prudential Life Insurance Faces ₹3.67 Crore GST Demand as Appeal Rejected
ICICI Prudential Life Insurance received an order from the Commissioner of CGST & Central Excise (Appeals), Mumbai, confirming a tax liability of ₹3.67 crore. The demand includes ₹1.83 crore in GST liability, an equal amount in penalties, and ₹1,611 in interest. The dispute originates from FY 2018 and involves denied service tax credits during the GST transition. The company plans to appeal the decision, stating there's no immediate financial impact.
15Apr 25
ICICI Prudential Life Insurance Reports 39.6% PAT Growth in FY2025, Recommends ₹0.85 Final Dividend
ICICI Prudential Life Insurance Company Limited announced impressive financial results for FY2025. Profit After Tax surged 39.6% to ₹1,189.00 crore. Value of New Business increased 6.4% to ₹2,370.00 crore, with a 22.8% margin. Total premium income rose 13.2% to ₹48,951.00 crore. Annualized Premium Equivalent grew 15% to ₹10,407.00 crore. The company maintained a diversified product mix and multi-channel distribution network. Assets under management grew 5.2% to ₹3,09,359.00 crore, with a strong solvency ratio of 212.2%. The Board recommended a final dividend of ₹0.85 per equity share.
15Apr 25
ICICI Prudential Life Insurance: Q4 Profit Soars 122%, FY25 Performance Shows Strong Growth
ICICI Prudential Life Insurance Company Limited announced strong financial results for FY25. Net profit in Q4 FY25 surged 122% year-on-year to ₹385.00 crore. For the full fiscal year, Profit After Tax (PAT) increased by 39.6% to ₹1,189.00 crore. Value of New Business (VNB) grew by 6.4% to ₹2,370.00 crore. Total premium income rose 13.2% to ₹48,951.00 crore, while Assets Under Management grew 5.2% to ₹3.09 lakh crore. The company maintained a diversified product mix and improved its 13th month persistency ratio to 89.1%. A final dividend of ₹0.85 per share was declared for FY25.
13Apr 25
ICICI Prudential Life Insurance to Announce Q4 Results and Consider Dividend on April 15
ICICI Prudential Life Insurance Company will release its Q4 FY25 and full fiscal year 2025 results on April 15, 2025. The board will consider dividend recommendations. Trading window for designated persons will be closed from April 1 to April 17, 2025.
01Apr 25
ICICI Prudential Life Insurance Faces Rs 328 Crore Tax Demand Amid Strong Financial Performance
ICICI Prudential Life Insurance has received a tax demand of Rs 328.00 crore for the assessment year 2023-24. Despite this challenge, the company shows robust financial performance with revenue growth of 78.53% to Rs 91,712.50 crore and a 4.57% increase in net profit to Rs 850.70 crore. Total assets have grown by 17.34% to Rs 293,527.00 crore, and the investment portfolio has increased by 16.72% to Rs 289,796.00 crore.
28Mar 25
ICICI Prudential Life Insurance to Challenge ₹328 Crore Income Tax Demand
ICICI Prudential Life Insurance received a tax demand of ₹328.42 crore for AY 2023-24 from Maharashtra's Assistant Commissioner of Income Tax. The demand includes ₹265.49 crore in tax and ₹62.92 crore in interest. The company plans to appeal, citing previous favorable rulings on similar issues. Key points of contention include treatment of transfers between accounts, disallowance of exemptions, and taxation of certain incomes. ICICI Prudential Life will file an appeal with the Commissioner (Appeals) within the prescribed timeline.
28Mar 25
ICICI Prudential Life Insurance Faces ₹3.28 Billion Tax Demand for FY 2023-24
ICICI Prudential Life Insurance Company has received a tax demand of ₹3.28 billion from the Income Tax Department for the Assessment Year 2023-24. The demand includes ₹2.65 billion in income tax and ₹629 million in interest. Key issues raised include treatment of transfers between accounts, disallowance of exemptions, and taxation of certain incomes. The company plans to appeal the order, citing previous favorable rulings on similar issues.
05Mar 25
ICICI Prudential Life Insurance Sees Block Trade and Employee Stock Option Allotment
A significant block trade of 329,448 ICICI Prudential Life Insurance Company Ltd. shares occurred on NSE, valued at ₹18.17 crores at ₹551.55 per share. The company also allotted 500 equity shares under its employee stock option scheme on March 4, 2025.
05Mar 25
ICICI Prudential Life Insurance Reports Large Block Trade and Share Allotment
ICICI Prudential Life Insurance Company Ltd. saw a significant block trade on NSE involving 399,036 shares valued at Rs. 21.96 crores. Additionally, the company allotted 500 equity shares under its employee stock option scheme on March 4, 2025.
04Mar 25
ICICI Prudential Life Insurance Sees Major Block Trade Amid Recent Corporate Activities
A significant block trade of 508,893 shares of ICICI Prudential Life Insurance Company Ltd. was executed on the National Stock Exchange, valued at Rs. 27.88 crores with a per-share price of Rs. 547.90. The company also reported recent corporate activities, including an allotment of 500 equity shares under an employee stock option scheme on March 4, 2025, and upcoming investor meetings at the Jefferies 6th Asia Forum in Hong Kong on March 19-20, 2025.
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