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Life Insurance Partner

ICICI Prudential Life Insurance

ICICI Prudential Life was among the first private life insurers licensed in India and the first to list on Indian stock exchanges.

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Company Facts
Founded 2000

Operating in the Indian market since 2000

Mumbai

Registered and headquartered in Mumbai

Ownership

ICICI Bank and Prudential plc, listed

IRDAI Registered

Licensed life insurer regulated by IRDAI

2000Founded
MumbaiHeadquarters
LifeInsurance Segment
IRDAIRegistered Insurer
Profile

About ICICI Prudential

ICICI Prudential Life was among the first private life insurers licensed in India and the first to list on Indian stock exchanges. It writes individual protection and savings alongside a substantial group term and superannuation book.

Full NameICICI Prudential Life Insurance
SegmentLife Insurance
Founded2000
HeadquartersMumbai
OwnershipICICI Bank and Prudential plc, listed
Official Websiteiciciprulife.com
Placement

Lines We Place With ICICI Prudential

For key-person and promoter-protection structures, ICICI Prudential's underwriting appetite for large sums assured keeps it at the top of our life shortlists.

01
Key Person Cover
Term protection on founders and critical executives, with sums insured matched to their economic value.
02
Promoter & Partner Protection
Buy-sell funding and partnership insurance so a death does not destabilise the shareholding.
03
Group Term Life
Annually renewable group term schemes giving employees meaningful life cover at employer-negotiated rates.
04
Employee Benefit Schemes
Structured benefit programmes that help employers attract and retain talent.
05
Gratuity & Retirement Funding
Funding solutions for statutory gratuity and superannuation obligations.
06
Credit & Loan Cover
Group credit life that extinguishes outstanding loans if a borrower or promoter dies during the term.
Claims

Claims Track Record

99.31%of individual death claims settled in FY2024-25, by number of policies (12,405 claims)

By benefit amount the ratio was 98.06%. FY2023-24: 99.17%, FY2022-23: 95.28%. Ranked 7 of 22 life insurers on number of claims settled. Source: IRDAI Handbook on Indian Insurance Statistics 2024-25, Table 15, published by IRDAI on 3 February 2026. Claim settlement ratio of every life insurer in India.

Solvency ratio 2.12 as at March 2025, against IRDAI's minimum of 1.50 (1.92 a year earlier): whether it could still pay after a very bad year. Solvency ratio of every insurer.

Insurer selection at RFS is never based on a single metric. We weigh claims behaviour on risks like yours, wording quality, engineering support and pricing before recommending a market.

Want ICICI Prudential on your shortlist?

Tell us about your risk and we will tell you honestly whether ICICI Prudential is the right market for it, and at what terms.

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Company names and logos belong to their respective owners and are shown to identify insurers RFS places business with. RFS is an independent insurance advisory firm and is not affiliated with or endorsed by any insurer. Headquarters photo: Prudential Assurance Building, Holborn, London — Diliff, CC BY-SA 3.0, via Wikimedia Commons.