• Publish Your article
  • Editorial Policy
  • About Us
  • Contact
  • Advertise
Monday, June 5, 2023
  • Login
No Result
View All Result
Birmingham Times
  • Home
  • UK News
  • Politics
  • Business
  • Entertainment
    • All
    • Sports
    When is the Rugby World Cup 2023? TV channel, stream FREE, tickets and pools for huge tournament

    When is the Rugby World Cup 2023? TV channel, stream FREE, tickets and pools for huge tournament

    Childcare funding will be paid upfront to poorer working parents in win for The Sun’s campaign

    Childcare funding will be paid upfront to poorer working parents in win for The Sun’s campaign

    I was a star international athlete known for being a hardman – but I moved hundreds of miles away for very different job

    I was a star international athlete known for being a hardman – but I moved hundreds of miles away for very different job

    Horror moment daredevil shatters his legs as base jump goes badly wrong leaving him stuck on a mountain for 17 hours

    Horror moment daredevil shatters his legs as base jump goes badly wrong leaving him stuck on a mountain for 17 hours

    Former European champs Wasps demoted to BOTTOM of English League pyramid after having Championship licence revoked

    Former European champs Wasps demoted to BOTTOM of English League pyramid after having Championship licence revoked

    My son’s grandparents smoke while babysitting him but my husband won’t back me

    My son’s grandparents smoke while babysitting him but my husband won’t back me

    TikTok Women’s Six Nations preview as England expected to run riot against winless Ireland

    TikTok Women’s Six Nations preview as England expected to run riot against winless Ireland

    Britain’s Got Talent in fresh fix row as Golden Buzzer act was on huge rival talent show – and fans are fuming

    Britain’s Got Talent in fresh fix row as Golden Buzzer act was on huge rival talent show – and fans are fuming

    England seal stunning Six Nations Grand Slam with incredible 38-33 win over France in front of record crowd

    England seal stunning Six Nations Grand Slam with incredible 38-33 win over France in front of record crowd

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    • Travel
    My ‘lazy girl’ meal is nutritious and tastes amazing – you only need 5 ingredients, it’s the easiest and I’m obsessed

    My ‘lazy girl’ meal is nutritious and tastes amazing – you only need 5 ingredients, it’s the easiest and I’m obsessed

    Have your Notting Hill moment and take a peak inside London’s idyllic community gardens

    Have your Notting Hill moment and take a peak inside London’s idyllic community gardens

    Woman in white robe holding toothbrush with paste.

    The Importance of Daily Brushing for Optimal Oral Health – National Smile Month UK

    Revolutionize Your Health: Support Omega 369 – The Ultimate Wellness Breakthrough!

    Revolutionize Your Health: Support Omega 369 – The Ultimate Wellness Breakthrough!

    I’m a single mum & nurse & did a food shop in Tesco – it’s soul destroying putting the food away, I barely got anything

    I’m a single mum & nurse & did a food shop in Tesco – it’s soul destroying putting the food away, I barely got anything

    What is skiplagging, and why are airlines not happy about it?

    What is skiplagging, and why are airlines not happy about it?

    My easy, cheesy recipe is so fun for a quick midweek meal – it’s only 3 ingredients, the crowd will go crazy for them

    My easy, cheesy recipe is so fun for a quick midweek meal – it’s only 3 ingredients, the crowd will go crazy for them

    London-themed resort in China has Big Ben, Abbey Road and double-decker buses

    London-themed resort in China has Big Ben, Abbey Road and double-decker buses

    I cleared the shelves of a 19p Farmfoods favourite – I’m trolled but if I hadn’t nabbed them someone else would’ve

    I cleared the shelves of a 19p Farmfoods favourite – I’m trolled but if I hadn’t nabbed them someone else would’ve

    The best way to see Crete? Get away from the tourists – here’s how…

    The best way to see Crete? Get away from the tourists – here’s how…

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Health
  • Opinion
  • Tech
  • Science
  • Travel
  • Real Estate
  • Sports
  • More
    • Crypto
    • Press Release
Birmingham Times
No Result
View All Result
Home Asian Business

ICICI Prudential Life’s AUM touched ₹2.5 lakh crore

by Chandler
December 29, 2022
Reading Time: 3min read
0
SHARES
Share on FacebookShare on TwitterShare on Reddit

  • A symbol of the trust reposed in the company by the policyholders
  • Has a track record of zero NPA since inception
  • The company continues to enable customers to achieve their financial goals

MUMBAI: ICICI Prudential Life Insurance Company has crossed the milestone of ₹ 2.5 lakh crore in Assets Under Management (AUM), an important symbol of the trust reposed in the company by its customers. This is the result of providing customer-centric products, growth in new business premiums, industry-leading continuity ratios, superior customer service and risk-adjusted returns.

The company started operations 22 years ago in December, 2000 and had an AUM of approximately ₹ 100 crore at the end of FY 2001. It took the company nine years to achieve an AUM of ₹50,000 crore and in 14 years the company crossed the ₹1 lakh crore milestone.

It then took six years for the company to double its AUM to ₹2 lakh crore till now and then increased it by another ₹50,000 crore in just two years, taking the total AUM to ₹2.5 lakh crore. After the company crossed the ₹ 1 lakh crore milestone, its growth accelerated and its AUM grew by 150 percent. ICICI Prudential Life continues to be the leader in the private market with a market share of 15.7 per cent in terms of new business sum assured as on September 30, 2022.

Life insurance plays an important role in society by enabling families to obtain financial security. This larger objective of making a difference in people’s lives and livelihoods drives the company’s way of doing business. As a large and responsible life insurance company, we also incorporate environmental, social and governance (ESG) factors into our operations.

Mr. Ashish Kumar, Chief Investment Officer, ICICI Prudential Life Insurance said, “We are delighted to achieve this milestone, especially in our 22nd year of operations. We believe that assets under management for a life insurance company is a symbol of the trust placed by customers in the company, as life insurance is a long-term product.

We have an effective and rigorous investment philosophy, as clients trust us with their hard-earned savings to achieve their long-term financial goals. Our investment philosophy during the last two decades has ensured zero NPA in all market cycles since inception.

Integrating ESG factors into our business is one of the core areas of our operations. Demonstrating our commitment to ESG issues, we became the first Indian insurance company to sign the United Nations-backed Principles for Responsible Investment. We are also the first life insurance company to launch an ESG-focused fund ‘Sustainable Equity Fund’.

Driven by our vision of ‘building a sustainable organization that sensitively meets the insurance and long-term savings needs of the customer’, we always strive to provide products and solutions that enable our customers to provide financial security to their families.”

The company has launched several advanced digital solutions, which enable customers to access information and perform policy-related transactions conveniently from their homes. Also innovative product range, multi-channel distribution structure and superior customer service enable the company to become the life insurance partner of choice for customers.

.Source

Tags: AUMcroreICICIlakhLifesPrudentialtouched

Related Posts

TVS Racing launches its Experience Center at Delhi NCR;

TVS Racing launches its Experience Center at Delhi NCR;

by Chandler
June 4, 2023
0

Launched its first virtual racing championship for Alpha Generation • This is the company's second experience center to be launched after KidZania Mumbai • The TVS Racing Experience Zone at KidZania Mumbai...

Ajuni Biotech started a pilot project in Rajasthan to explore the potential in sorghum cultivation

Ajuni Biotech started a pilot project in Rajasthan to explore the potential in sorghum cultivation

by Chandler
June 1, 2023
0

The company in the fourth quarter of the financial year 2023 will be Rs. reported net sales of 41.26 crore, a growth of 101% year-on-year; In the fourth quarter of FY2023, net...

Nita Mukesh Ambani Cultural Center Extends Art & Craft Exhibition Swadesh After Unprecedented Response

Nita Mukesh Ambani Cultural Center Extends Art & Craft Exhibition Swadesh After Unprecedented Response

by Chandler
May 29, 2023
0

Mumbai, 29 May 2023: The Nita Mukesh Ambani Cultural Center has decided to extend the time limit for Reliance Foundation's exhibition Swadesh, which offers an opportunity to witness traditional artisans at work....

Adani Wilmar entered the whole wheat category under the Fortune brand

Adani Wilmar entered the whole wheat category under the Fortune brand

by Chandler
May 26, 2023
0

Fortune's Sharbati, Purna 1544, Lokvan and MP Grade 1 whole wheats will be available in Delhi, Maharashtra, Madhya Pradesh, Gujarat and Rajasthan - ushering in a new era in the whole wheat...

ALD Automotive completes 100% takeover of lease plan

ALD Automotive completes 100% takeover of lease plan

by Chandler
May 23, 2023
0

ALD Automotive : ALD Automotive has successfully completed the 100% acquisition of Lease Plan, one of the world's leading fleet management and mobility companies, from a consortium led by TDR Capital. ALD...

Alife Soap’s new TVC campaign ‘Khubsurati Ka Jaadu’ launched

Alife Soap’s new TVC campaign ‘Khubsurati Ka Jaadu’ launched

by Chandler
May 20, 2023
0

The TV advertisement will also be aired on digital platforms Ahmedabad, Adani Wilmar Limited, one of the country's largest food and FMCG companies, has launched a new TV commercial for Alife Soap....

Next Post
People in Canada once again protest against the Kovid sanctions

The couple fell on stage to pose for a photo shoot

Popular News

American President Biden has once again been beaten

American President Biden has once again been beaten

13 hours ago
Bored with education, students sell their school: The deal was to be done for 34 lakhs

Bored with education, students sell their school: The deal was to be done for 34 lakhs

13 hours ago
TVS Racing launches its Experience Center at Delhi NCR;

TVS Racing launches its Experience Center at Delhi NCR;

13 hours ago
People in Canada once again protest against the Kovid sanctions

Sachin Tendulkar buys first Lamborghini SUV

14 hours ago
Edward Enninful vacates British Vogue editor’s chair to be ‘editorial advisor’

Edward Enninful vacates British Vogue editor’s chair to be ‘editorial advisor’

2 days ago
When is the Rugby World Cup 2023? TV channel, stream FREE, tickets and pools for huge tournament

When is the Rugby World Cup 2023? TV channel, stream FREE, tickets and pools for huge tournament

2 days ago
Teen killer suing Home Office for damages claims ankle tag stops him from socialising with pals

Teen killer suing Home Office for damages claims ankle tag stops him from socialising with pals

2 days ago
My ‘lazy girl’ meal is nutritious and tastes amazing – you only need 5 ingredients, it’s the easiest and I’m obsessed

My ‘lazy girl’ meal is nutritious and tastes amazing – you only need 5 ingredients, it’s the easiest and I’m obsessed

2 days ago
Birmingham Times

All Rights Reserved © Birmingham Times - The Voice of UK

Important Links

  • Publish Your article
  • Editorial Policy
  • About Us
  • Contact
  • Advertise

Follow Us

No Result
View All Result
  • Home
  • Politics
  • UK News
  • Business
  • Science
  • National
  • Entertainment
  • Gaming
  • Sports
  • Fashion
  • Lifestyle
  • Travel
  • Health
  • Food

All Rights Reserved © Birmingham Times - The Voice of UK

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In