Company Overview
ICICI Life Insurance Limited (Formerly ICICI Prudential Life Insurance Company Limited) commenced operations in FY2001 and has since established itself as one of India’s leading life insurers, consistently ranking high on both sum assured market share and new business premium market share. Over the years, it has earned the unwavering trust of millions of customers, becoming an integral part of India’s financial ecosystem.
Customer centricity has remained the foundation of its philosophy, with products, processes and distribution strategies all aligned to a single objective: delivering a strong and differentiated value proposition for customers.
The Company offers a comprehensive suite of Protection, Savings & Retirement solutions designed to meet the evolving life stage needs. These offerings enable customers to safeguard their families’ financial security while also achieving long term financial goals.
As on March 31, 2026, the Company protects 73.73 million lives (in-force) across India covering both individual and corporate segments, making it one of the leading insurance companies in the country.
Over the years, the Company has delivered on its promise of financial protection by settling ₹ 279 billion in death claims and paying ₹ 3.72 trillion in overall benefits as of March 31, 2026. In FY2026 alone, it settled ₹ 51.49 billion in death claims and disbursed ₹ 153.63 billion in maturity and survival benefits. Its claim settlement ratio of 99.3 percent and average turnaround time of 1 day underscore its commitment to swift, reliable service.
| Year | Particulars |
|---|---|
| FY2001 | Our company started operations |
| FY2002 | Crossed the mark of 100,000 policies |
| FY2005 | Crossed the mark of 1 million policies |
| FY2008 | Crossed the mark of 5 million policies Crossed receipt of ₹100 billion of the total premium Crossed ₹250 billion of assets under management |
| FY2010 | Established subsidiary to undertake pension funds related business Our company turned profitable - a registered profit of ₹2.58 billion Crossed ₹500 billion of assets under management |
| FY2012 | Started paying dividends |
| FY2015 | Crossed ₹1 trillion of assets under management |
| FY2017 | First insurance company in India to list on NSE and BSE |
| FY2021 | Crossed ₹2 trillion of assets under management |
| FY2023 | Crossed ₹2.5 trillion of assets under management |
| FY2025 | Crossed ₹3 trillion of assets under management |
| FY2027 | Renamed as ICICI Life Insurance Limited |
Vision: The purpose of our existence
Values: The way we do things
Our core values are Customer First, Humility, Passion, Integrity, and Boundarylessness. Values guide our actions and define the way we work. We encourage all our colleagues to exemplify and role model the Values.
- Customer First: Keep customers at the centre of everything we do
- Humility: Be open to learn and change
- Passion: Demonstrate infectious energy to win and excel
- Integrity: Do the right thing
- Boundarylessness: Treat organisation agenda as paramount
IL/COMP/DOC/Dec/2020/2312/5034
