History
ICICI Prudential Life Insurance started its operations in 2000. The life insurance arm was established as a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited.[14][15]
In 2016, ICICI Prudential Life became the first insurance company to be listed in Indian stock exchanges, namely Bombay Stock Exchange and National Stock Exchange.[16] In the IPO, parent company ICICI Bank Limited offloaded 12.65% stake worth ₹5,000 crore (US$744.1 million).[17][18][19]
In 2017, ICICI Prudential Life was to take over Sahara Life's insurance business on request from the regulator IRDA in a motive to resolve the crisis at Sahara's life insurance arm.[20] The merger was later revoked by Securities Appellate Tribunal.[21]
As of 2022, ICICI Prudential Life Insurance company had ₹2.5 trillion (US$30.75 billion) in assets under management (AUM).[22]
As of 2024, ICICI Prudential Life Insurance company had ₹3.14 trillion in assets under management (AUM).[23]
