ICICI Prudential Life Insurance Company’s Assets under Management cross Rs. 2 lakh crore

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Mumbai: Private sector insurer ICICI Prudential Life Insurance Company on Friday said that its Assets under Management (AUM) have crossed Rs. 2 lakh crore. The company has achieved this milestone in its 20th year.

The Company had started its operation in the year 2001 as a joint venture between ICICI Bank and Prudential Corporation holdings limited. The company had an AUM of approximately Rs. 100 crore in FY 2001, which grew to about Rs. 50,000 crore in FY2010 and subsequently the Company was the first in the insurance industry to achieve an AUM of Rs. 1 lakh crore in February 2015.

 “We are delighted to achieve this milestone of managing Rs. 2 lakh crore of assets. It demonstrates our steadfast focus on customer-centricity and the trust reposed in us by our customers. It also symbolizes the commitment of our employees, distributors and other stakeholders to keep the customer at the core of every initiative implemented. We continue to be guided by our vision of building an enduring institution which serves the protection and long-term savings needs of customers with sensitivity. As one of the largest life insurance companies in the country it is our mission to protect and provide financial security to every Indian” N S Kannan, MD & CEO, ICICI Prudential Life Insurance said.

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