ICICI Prudential Life's capital stands at Rs. 4,780 crores (as of September 30, 2010) with ICICI Bank and Prudential plc holding 74% and 26% stake respectively. For the period April 1, 2010 to September 30, 2010, the company garnered Rs 7,267 crores of total premiums and has underwritten over 10 million policies since inception. The company has a network of over 1,500 offices and over 1,60,000 advisors, as on September 30, 2010. The company has assets held over Rs. 65,000 crores as on September 30, 2010.
For the past nine years, ICICI Prudential Life has maintained a wide range of Life Insurance products that meet the needs of the Indian customer at every step in life.
ICICI Prudential Life recently completed 10 years on the Indian Insurance scape on 12th December 2010.
ICICI Prudential website
Since the liberalization of Indian Insurance sector, ICICI Prudential Life Insurance has been one of the earliest private players. Since the time, ICICI Pru Life has been the leader in terms of market share as indicated by the IRDA (Insurance Regulatory and Development Authority, the regulator for Indian Insurance Industry) at its website.
During 2007-08, the organization's focus on rural business has proved its complex project execution capability and strong partnerships for customer servicing.
In June, 2009 ICICI Prudential Life Insurance has decided to snap its tie up with TTK Healthcare to settle insurance claims of its users.
ICICI Prudential's life insurance products may be loosely categorized under three forms- Health Insurance, Life and Retirement.
Under the Health Insurance category it offers products like ICICI Pru Health Saver & ICICI Pru MediAssure. Under the Retirement Insurance category it offers products like ICICI Pru Forever Life & ICICI Pru LifeLink Pension. Under the Life Insurance Category it offers plans like i-Protect term plan, Pure-Protect and Life Guard.
- ICICI Pru Health Saver is a policy which provides a hospitalisation cover.
- ICICI Pru MediAssure is a policy which gives you reimbursement hospitalization plan covering hospitalization stay and treatment.
Life Insurance Plan
- i-Protect Term Plan is a term insurance plan available online only.
- Pure-Protect : ICICI Pru Pure Protect is a term plan without Return of Premium.