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ICICI Pru Life Insurance Company’s AUM crosses Rs 2 trillion ,no NPAs since inception
It 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.
N S Kannan, MD & CEO, ICICI Prudential Life Insurance said, “We are delighted to achieve this milestone of managing Rs. 2 lakh crore of assets. As one of the largest life insurance companies in the country it is our mission to protect and provide financial security to every Indian.”
ICICI Lombard launches new Health Insurance products
With the unlimited reset benefit, policyholders can reset up to 100% of the base sum insured unlimited times in a policy year for an un-related ailment. The Sum Insured Protector feature increases the sum insured every year as per the prevailing inflation rates thereby ensuring that customers are adequately covered due to rising prices.
LIC allows online switching of ULIPs, goes multilingual on call centre
LIC’s policyholders can now avail of its improved customer centric initiatives including online facility for switching of funds under ULIP policies has been introduced through LIC’s Customer Portal for policyholders registered for premier services, on policies on their own life and on the lives of their minor child/children with effect from Dec 07.
LIC’s PK Arora appointed as member, Actuary, IRDA
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