ICICI Prudential Life Insurance Co. Ltd. has crossed a major financial milestone, with its Assets Under Management (AUM) exceeding ₹3 lakh crore. As of July 31, 2024, the company’s AUM stood at ₹3.14 lakh crore, reflecting strong customer confidence and a robust product portfolio.
Anup Bagchi, Managing Director and CEO of ICICI Prudential Life Insurance, attributed this achievement to the company’s focus on simplifying products and processes. “This milestone underscores the trust our customers place in us to secure their financial future. Our stringent investment philosophy and risk management framework have ensured we have had zero Non-Performing Assets since inception,” Bagchi stated.
In Gangtok, this milestone is particularly significant as it highlights the growing financial literacy and investment awareness in smaller cities. Gangtok’s investors are increasingly aligning with ICICI Prudential’s offerings for long-term financial security and retirement planning, signaling a shift in investment preferences.ICICI Prudential Life’s impressive claim settlement ratio of 99.17% in FY2024, with a turnaround time of just 1.27 days, further strengthens its reputation as a leading life insurance provider, committed to delivering on its promises and enhancing customer experience.
