ICICI Prudential Life Insurance Company Limited (ICICIPru) is a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited. It has commenced operations in fiscal 2001 and currently is the largest private sector life insurer in India by total premium in FY16 and AUM as on 31 March 2016. ICICIPru offers a vast product basket to customers which includes life insurance, health insurance and pension products and services.

With a large distribution network comprising of 124155 individual agents and 4500 bank partner branches, ICICIPru has attained 11.3% market share among all insurance companies in India, on a retail weighted received premium basis (RWRP) and 21.9% market share among private sector life insurers. RWRP has increased at 15.2% CAGR in FY12-16. As of 30 June 2016, AUM stood at |1.09 trillion. PAT was at |1653 crore in FY16, with return on equity exceeding 30% for each year since FY12. Capital position remained strong with solvency ratio at 320.5% at 30 June 2016 compared to the IRDAI prescribed level of 150%.