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In 2020, ICICI Prudential Life had crossed ₹ 2 trillion (US$23 billion) mark in assets under management (AUM). [21] The total premium income was ₹ 320 billion (US$3.7 billion) of which ₹ 120 billion (US$1.4 billion) was from the new business premium while approx. ₹ 210 billion (US$2.4 billion) was of the renewal premium. [22]
The company was founded in 1993 as a joint venture between Indian ICICI Bank and UK insurance company Prudential plc.By 1998, it had two locations and six employees. ICICI Prudential Mutual Fund's corporate headquarters are in the Bandra Kurla Complex in Mumbai.
ICICI Bank Limited is an Indian multinational bank and financial services company headquartered in Mumbai with a registered office in Vadodara.It offers a wide range of banking and financial services for corporate and retail customers through various delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management.
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He was appointed executive director on the board of ICICI Bank at the age of 38 and became the MD and CEO of ICICI Prudential Life Insurance at 41. [15] He was also the chairman of ICICI Home Finance Co. Ltd , and served on the Board of ICICI Lombard General Insurance Company, CIBIL - India's first Credit Bureau, and SMERA- SIDBI's Credit ...
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Bakhshi, an employee of ICICI since 1986, was appointed as MD & CEO in October 2018. [ 3 ] [ 4 ] [ 5 ] Prior to this, he was the managing director and CEO of ICICI Prudential Life Insurance from August 2010 to June 2018 [ 4 ] and MD and CEO for ICICI Lombard General Insurance Company in April 2002.