Top 10 Insurance Companies in India 2016

Posted in Top Brand Lists, Total Reads: 9091

2. ICICI Prudential Life Insurance

ICICI Prudential Life Insurance is a company formed by the joint venture between ICICI Bank which is one of the largest private bank in India and Prudential.

Image: company logo

ICICI Prudential life started its operations on 12th December 2000 and is one of the leading players when it comes to Life Insurance sector in India since private players entered. It is headquartered in Mumbai in the state of Maharashtra, and has assets of more than 1 Lakh Crores and has maintained a firm position in the Industry.

It has plans which are designed for just-married couples, new parents, newly employed individuals and parents who are in their golden years.

ICICI Prudential Life includes key products such as Term Plans which is valid for a specific term, Group Plans that is mainly to insure employees, Wealth Plans that focus on generating wealth through investment in mutual funds or stocks, Retirement plans that focus on after retirement life and Rural Plans that insure rural people.

ICICI Prudential Life has won many awards and accolades for being one of the top valuable brands in India. In 2016, its iProtect Smart, its new-age Life Cover Plan was recognized as product of the year.

The success of the company accounts to its vision of becoming a world-class trust worthy brand and its values which includes five core values- Humility, Customer First, Boundary-Less, Integrity and Passion.

ICICI Prudential is also involved in many CSR activities to support social and economic development in India so that large number of people benefit from these opportunities.

Income (in INR '000)= 18095836

Net Profit (in INR '000)= 16501455

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