ICICI Prudential Life Insurance Company Limited is an Indian Life Insurance Company. It is located in Mumbai, India. It was founded in 2000. The company was incorporated in joint ventures with ICICI Bank. ICICI Prudential Life is mainly engaged in two business life Insurance & Asset Management.<\/p>\n\n\n\n
Key Financial Highlights<\/u><\/strong><\/p>\n\n\n\n Value of New Business increased by 33% y-o-y to ` 21.63 billion in FY2022.<\/p>\n\n\n\n The VNB margin grew by 28% to 21.63 billion.<\/p>\n\n\n\n New business sum assured improved 25% y-o-y in FY2022.<\/p>\n\n\n\n Annuity and protection new business premiums grew by 29% and 35% respectively.<\/p>\n\n\n\n Annualised Premium Equivalent improved by 20% Y-O-Y to to ` 77.33 billion.<\/p>\n\n\n\n Profit after Tax stood at s ` 1.85 billion for Q4-FY2022 with a growth of 189.5%.<\/p>\n\n\n\n Outlook for FY 2023<\/u><\/strong><\/p>\n\n\n\n The company expects revival of retail protection business, expansion of annuity business.<\/p>\n\n\n\n Anticipates growth in Value of New Business and Annualised Premium Equivalent.<\/p>\n\n\n\n Business Highlights<\/u><\/strong><\/p>\n\n\n\n The gross claims due to COVID-19 are INR21.07 billion for FY 2022 and for net reinsurance the claim amount was INR10.17 billion.<\/p>\n\n\n\n ICICI prudential launched Guaranteed Income for Tomorrow called GIFT, it is a guaranteed income product on the non-par savings platform.<\/p>\n\n\n\n The company has introduced the GPP Flexi plan, it is a regular-pay variant. <\/p>\n\n\n\n iProtect Smart has been recognized as the most innovative term plans in the industry.<\/p>\n\n\n\n The supply-side constraints has impacted the pure-term retail protection business. <\/p>\n\n\n\n The company has added about 25,000 new agents in FY \u201922.<\/p>\n\n\n\n Management Updates<\/u><\/strong><\/p>\n\n\n\n The final dividend declared for FY 2022 is 0.55 per equity share.<\/p>\n\n\n\n The solvency ratio stood at 204.5%, which is beyond the required ratio 150%.<\/p>\n\n\n\n The Embedded Value increased by 9% to 316.25 billion.<\/p>\n\n\n\n ICICI Prudential has settled around 260,000 claims in the FY 2022.<\/p>\n\n\n\n The market share has increased by 12.5%.<\/p>\n\n\n\n The AUM managed by PFM grew by 54% to INR116 billion in Q4 FY 2022.<\/p>\n\n\n\n The company added about 25,000 new agents in FY \u201922.<\/p>\n","protected":false},"excerpt":{"rendered":" ICICI Prudential Life Insurance Company Limited is an Indian Life Insurance Company. It is located in Mumbai, India. It was founded in 2000. The company was incorporated in joint ventures with ICICI Bank. ICICI Prudential Life is mainly engaged in two business life Insurance & Asset Management. Key Financial Highlights Rs in lakhs 31-03-2022 31-03-2021 Net […]<\/p>\n","protected":false},"author":1796,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6352,9908],"tags":[8518,9528],"class_list":["post-128561","post","type-post","status-publish","format-standard","hentry","category-research-summary","category-research-tear-sheet","tag-asset-management","tag-insurance-life"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":132155,"url":"https:\/\/alphastreet.com\/india\/icici-prudential-life-insurance-company-ltd-q1-fy23-research-tear-sheet\/","url_meta":{"origin":128561,"position":0},"title":"ICICI Prudential Life Insurance Company Ltd Q1 FY23 Research Tear Sheet","author":"sreerupa","date":"August 2, 2022","format":false,"excerpt":"ICICI Prudential Life Insurance Company Limited is an Indian Life Insurance Company. It is located in Mumbai, India. It was founded in 2000. The company was incorporated in joint ventures with ICICI Bank. The company offers a wide range of protection and savings products to individuals and group customers. Product\u2026","rel":"","context":"In "Analysis"","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"Research Summary","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/04\/Research-summary.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/04\/Research-summary.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/04\/Research-summary.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":143888,"url":"https:\/\/alphastreet.com\/india\/icici-prudential-life-insurance-q4-fy23-total-income-declined-by-17\/","url_meta":{"origin":128561,"position":1},"title":"ICICI Prudential Life Insurance Q4 FY23; Total Income Declined By 17%","author":"Hardik Bhandare","date":"April 20, 2023","format":false,"excerpt":"ICICI Prudential Life Insurance reported Total Income for Q4 FY23 of \u20b911,499.84 Crore up from \u20b913,845.73 Crore year on year, a decline of 16.9%. The consolidated Net Profit of \u20b9234.87 Crore, up 25.8% from \u20b9184.67 Crore in the same quarter of the previous year. The Earnings per Share is \u20b91.63\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/d7d05e40-0643-46e7-93ea-c30f6e091cd3-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/d7d05e40-0643-46e7-93ea-c30f6e091cd3-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/d7d05e40-0643-46e7-93ea-c30f6e091cd3-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/d7d05e40-0643-46e7-93ea-c30f6e091cd3-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/d7d05e40-0643-46e7-93ea-c30f6e091cd3-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/d7d05e40-0643-46e7-93ea-c30f6e091cd3-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":166630,"url":"https:\/\/alphastreet.com\/india\/icici-prudential-life-insurance-company-ltd-q3fy25-43-rise-in-profits\/","url_meta":{"origin":128561,"position":2},"title":"ICICI Prudential Life Insurance Company Ltd Q3FY25; 43% rise in Profits","author":"Divyansh_Kasana","date":"February 3, 2025","format":false,"excerpt":"ICICI Prudential Life Insurance Company Ltd carries on business of providing life insurance, pensions and health insurance products to individuals and groups. 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The business is conducted in participating, non-participating and unit linked lines of business. These products are distributed through individual agents, corporate agents, banks, brokers, sales force and company's\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/04\/I-12.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/04\/I-12.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/04\/I-12.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/04\/I-12.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/04\/I-12.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/04\/I-12.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":173204,"url":"https:\/\/alphastreet.com\/india\/icici-prudential-life-q3-fy26-earnings-results\/","url_meta":{"origin":128561,"position":5},"title":"ICICI Prudential Life Q3 FY26 Earnings Results","author":"Divyansh_Kasana","date":"January 20, 2026","format":false,"excerpt":"ICICI Prudential Life Insurance Company Ltd carries on business of providing life insurance, pensions and health insurance products to individuals and groups. The business is conducted in participating, non-participating and unit linked lines of business. These products are distributed through individual agents, corporate agents, banks, brokers, sales force and company's\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Q3 FY26","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/I-2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/I-2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/I-2.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/I-2.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/I-2.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/I-2.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/128561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1796"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=128561"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/128561\/revisions"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=128561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=128561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=128561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Rs in lakhs<\/td> 31-03-2022<\/td> 31-03-2021<\/td><\/tr> Net Premium<\/td> 11,35,891<\/td> 11,87,928<\/td><\/tr> Net Commission<\/td> 55,643<\/td> 55,757<\/td><\/tr> Total Surplus<\/td> 1,90,125<\/td> 1,17,743<\/td><\/tr> Profit\/Loss before Tax<\/td> 22,109<\/td> 11,367<\/td><\/tr> Profit\/Loss after Tax<\/td> 18,437<\/td> 6,378<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n