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It was incorporated at Mumbai as of July 20, 2000, as ICICI Prudential Life Insurance Company Limited, which is a public limited company under the Companies Act, 1956. It also obtained the certificate of commencement of business as of October 16, 2000. Also, it was registered with IRDAI for carrying out the business of life insurance according to the registration certificate dated November 24, 2000.

Some of the Milestones:

  • 2001: It began to commence its operations.
  • 2002: It also crossed the mark of 100,000 policies.
  • 2005: It crossed the mark of 1 million policies.
  • 2008:
  • It crossed the mark of 5 million policies.
  • It crossed receipt of INR 100 billion of the total premium.
  • It crossed INR 250 billion of assets under management.
  • 2010:
  • It established a Subsidiary to undertake pension funds related to business.
  • It turned profitable - a registered profit of INR 2.58 billion.
  • It crossed INR 500 billion of assets under management.
  • 2012: It began to pay dividends.
  • 2015: It crossed INR 1 trillion of assets under management.

Some of the Achievements:

  • 2011:
  • It was awarded “The Best Leading Private Player Life Insurance” during the CNBC TV18 Best Bank and Financial Institutions Award.
  • It was conferred the ‘Insurance Company of the Year Award 2011’ and the “Company of the Year Award 2011 Life Insurance” at The Indian Insurance Awards instituted by the reputed insurance journal of India Insurance Review, in association with Celent, which is a research and consulting firm.
  • 2012: It was also pronounced winner in the second Excellence Awards and Recognition for the shared services in the insurance domain segment.
  • 2013: It also received the Silver Effie award in the financial services segment for the brand campaign “Achche Bandeh.”
  • 2014:
  • It was conferred the QualTech prize for “Innovation” during the Qimpro Awards.
  • It ranked as one of the best brands in the BFSI sector as per the “Brandz top 50 most valuable Indian brands 2014”, a study conducted by Millward Brown and published by WPP.
  • 2015:
  • It was recognized as a Model Insurer (Digital) by Celent Model Insurer.
  • The Company ranked as one of the best brands in the BFSI sector as per “BrandZ top 50 most valuable Indian brands 2015”, which is a study being conducted by Millward Brown and was published by WPP.
  • 2016:
  • The ICICI Pru iProtect Smart product was voted ‘Product of the Year 2016’ in the life insurance category by consumers countrywide by Product of the Year (India) Private Limited.
  • Also, ICICI Pru Life - the listing of equity shares of ICICI Prudential Life Insurance Company Ltd took place.
  • 2017: It launched ICICI Pru Heart/Cancer Protect, and the unique feature of this product is that it pays part of the insurance cover amount to the customer on the diagnosis of a Heart ailment or Cancer.

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