ICICI Prudential Life Insurance Company is a joint venture between ICICI Bank of India and Prudential plc of United Kingdom.In this joint venture ICICI Bank has a stake of 74% and Prudential plchas stake of 26%.
ICICI Bank Limited is India's largest private sector bank and the second largest bank in the country, with around $121 billion of assets under management as of March 31, 2008. ICICI Bank’s subsidiaries has been providing various financial services and are among the largest in securities brokerage firms, mutual funds and private equity firms.At present ICICI Bank has its business opeartions in 19 countries.
Prudential Plc was established in London in 1848, and has its business operations in various parts of the world such as UK, Europe, US, Asia and the Middle East.It provides customized and innovative retail financial services and products to more than 20 million customers and manages over £267 billion of funds worldwide.
ICICI Prudential Life Insurance Company began their operations in December 2000 after Insurance Regulatory Development Authority (IRDA) allowed private insurance players to start providing life insurance solutions to people. They have tie ups with 21 banks for bancassurance and has over 952 branches in addition to 1,004 micro-offices.They have the second largest number of insurance advisors with over 291,000 advisors all over the country.
Awards: ICICI Prudential was the first life insurer in India to receive a National Insurer Financial Strength rating of AAA (Ind) from Fitch ratings.
Contact Address:
Registered Office :
ICICI Pru Life Towers,
1089 Appasaheb Marathe Marg,
Prabhadevi, Mumbai 400025.
Tel.:022-40391600.
Email: wecoveru@icici.com
Web site: www.iciciprulife.com