ICICI Prudential Life Insurance Co. Ltd. has reached a landmark achievement, with its Assets Under Management (AUM) soaring past the ₹3 lakh crore mark, standing at ₹3.14 lakh crore as of July 31, 2024. This milestone underscores the company’s consistent growth and the deep trust customers place in its financial products.
Anup Bagchi, Managing Director and CEO of ICICI Prudential Life Insurance, expressed his pride in this accomplishment, stating, “This milestone is a testament to our customers’ confidence in our ability to secure their financial futures. Our focus on simplifying life insurance and maintaining a stringent investment philosophy has driven this growth.”
The achievement also highlights the expanding financial awareness across markets. In Agartala, for instance, the increasing preference for ICICI Prudential’s products signifies a shift towards more structured financial planning, with customers seeking reliable avenues for wealth creation and retirement security. Further solidifying its industry leadership, ICICI Prudential Life boasts an impressive claim settlement ratio of 99.17% in FY2024, with a rapid turnaround time of just 1.27 days. This commitment to delivering on promises continues to elevate the company’s standing as a trusted life insurance provider.
