About ICICI Prudential Life Insurance
ICICI Prudential Life Insurance is a company based in Mumbai (India) founded in 2001.. ICICI Prudential Life Insurance has raised $294.57 million across 1 funding round from investors including Temasek and Premji Invest. The company has 20,030 employees as of March 31, 2024. ICICI Prudential Life Insurance has completed 1 acquisition, including Sahara Life Insurance. ICICI Prudential Life Insurance operates in a competitive market with competitors including Life Insurance Corporation of India, SBI Life Insurance, HDFC Life, IndiaFirst Life and Tata AIA, among others.
- Headquarter Mumbai, India
- Employees 20030 as on 31 Mar, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Icici Prudential Life Insurance Co. Ltd.
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Annual Revenue
$8.25 B (USD)-22.4as on Mar 31, 2024
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Net Profit
$138.55 M (USD)39.36as on Mar 31, 2024
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EBITDA
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Total Equity Funding
$294.57 M (USD)
in 1 rounds
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Latest Funding Round
$294.57 M (USD), Series D
Nov 16, 2015
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Investors
Temasek
& 1 more
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Employee Count
20030
as on Mar 31, 2024
- Investments & Acquisitions
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IPO & Listings of ICICI Prudential Life Insurance
ICICI Prudential Life Insurance is a publicly listed company on the NSE with ticker symbol ICICIPRULI in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Leadership Team
34 people
Software Development Team
30 people
Senior Team
19 people
Finance and Accounting
15 people
Sales and Marketing
12 people
Human Resources and Administration
10 people
Area Team
9 people
Product Management Team
8 people
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Funding Insights of ICICI Prudential Life Insurance
ICICI Prudential Life Insurance has successfully raised a total of $294.57M through 1 strategic funding round. The most recent funding activity was a Series D round of $294.57 million completed in November 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series D — $294.6M
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First Round
First Round
(16 Nov 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2015 | Amount | Series D - ICICI Prudential Life Insurance | Valuation | Temasek , Premji Invest |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ICICI Prudential Life Insurance
ICICI Prudential Life Insurance has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Temasek and Premji Invest. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location | |
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Provides venture capital for technology startups and enterprise innovations worldwide.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ICICI Prudential Life Insurance
ICICI Prudential Life Insurance has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Sahara Life Insurance. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Offers life insurance products, including endowment and term plans, to consumers and businesses in India.
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - ICICI Prudential Life Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Icici Prudential Life Insurance Comparisons
Competitors of ICICI Prudential Life Insurance
ICICI Prudential Life Insurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Life Insurance Corporation of India, SBI Life Insurance, HDFC Life, IndiaFirst Life and Tata AIA, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Life insurance and micro insurance services are provided in India.
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| domain | founded_year | HQ Location |
Life Insurance joint venture between SBI and BNP Paribas Cardiff
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| domain | founded_year | HQ Location |
Life and health insurance services are offered in India.
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| domain | founded_year | HQ Location |
Provider of life & health insurance services to individuals and families
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| domain | founded_year | HQ Location |
Life and general insurance products are provided by Tata AIA.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Icici Prudential Life Insurance
Frequently Asked Questions about ICICI Prudential Life Insurance
When was ICICI Prudential Life Insurance founded?
ICICI Prudential Life Insurance was founded in 2001 and raised its 1st funding round 14 years after it was founded.
Where is ICICI Prudential Life Insurance located?
ICICI Prudential Life Insurance is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of ICICI Prudential Life Insurance?
Anup Bagchi is the current CEO of ICICI Prudential Life Insurance.
Is ICICI Prudential Life Insurance a funded company?
ICICI Prudential Life Insurance is a funded company, having raised a total of $294.57M across 1 funding round to date. The company's 1st funding round was a Series D of $294.57M, raised on Nov 16, 2015.
How many employees does ICICI Prudential Life Insurance have?
As of Mar 31, 2024, the latest employee count at ICICI Prudential Life Insurance is 20,030.
What is the annual revenue of ICICI Prudential Life Insurance?
Annual revenue of ICICI Prudential Life Insurance is $8.25B as on Mar 31, 2024.
What does ICICI Prudential Life Insurance do?
Offers a range of individual and group life insurance solutions catering to the savings, investment, protection, and retirement needs of customers. Also offers insurance-cum-investment plans (Ulips) where some portion of the premium goes towards providing an insurance cover and the rest is invested in equities or debt, thus giving higher returns. Network of over 1,900 branches including 1,074 micro-offices, over 210,000 agents, and 7 bancassurance partners. The first insurance company to equip their agents with tablets to facilitate digital scanning and uploading of the requisite documents. A joint venture between ICICI Bank and Prudential plc with ICICI holding 74 and Prudential holding 26 stake. For the financial year 2014, the company garnered a total premium of Rs. 124.29 billion.
Who are the top competitors of ICICI Prudential Life Insurance?
ICICI Prudential Life Insurance's top competitors include SBI Life Insurance, Life Insurance Corporation of India and PNB MetLife.
Is ICICI Prudential Life Insurance publicly traded?
Yes, ICICI Prudential Life Insurance is publicly traded on NSE under the ticker symbol ICICIPRULI.
How many acquisitions has ICICI Prudential Life Insurance made?
ICICI Prudential Life Insurance has made 1 acquisition, including Sahara Life Insurance.
Who are ICICI Prudential Life Insurance's investors?
ICICI Prudential Life Insurance has 2 investors. Key investors include Temasek, and Premji Invest.
What is ICICI Prudential Life Insurance's ticker symbol?
The ticker symbol of ICICI Prudential Life Insurance is ICICIPRULI on NSE.
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