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ICICI Prudential Life Insurance
4.1
based on 6.3k Reviews
Video summary
Proud winner of ABECA 2024 - AmbitionBox Employee Choice Awards
Company Overview
Associated Companies
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Working at ICICI Prudential Life Insurance
Company Summary
ICICI Pru life offer products various Life Insurance by, one of the best Life Insurance companies in India.
Overall Rating
4.1/5
based on 6.3k reviews
5% above
industry average
Highly rated for
Job security, Salary, Skill development
Work Policy
Work from office
87% employees reported
Monday to Saturday
84% employees reported
Flexible timing
54% employees reported
Within city
66% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
420 employees reported
Health insurance
345 employees reported
Cafeteria
106 employees reported
Office cab/shuttle
105 employees reported
View all benefits
About ICICI Prudential Life Insurance
Founded in2000 (25 yrs old)
India Employee Count10k-50k
Global Employee Count10k-50k
India HeadquartersMumbai, Maharashtra, India
Office Locations
Websiteiciciprulife.com
Primary Industry
Other Industries
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View in video summary
ICICI Prudential Life Insurance Company Limited (ICICI Prudential Life) is promoted by ICICI Bank Limited and Prudential Corporation Holdings Limited. ICICI Prudential Life began its operations in the fiscal year 2001. On a retail weighted received premium basis (RWRP), it has consistently been amongst the top companies in the Indian life insurance sector. Our Assets Under Management (AUM) on 31st March 2022 were `2,404.92 billion. At ICICI Prudential Life, we operate on the core philosophy of customer-centricity. We offer long-term savings and protection products to meet the different life stage requirements of our customers.
Mission: Our core values are Customer First, Humility, Passion, Integrity, and Boundarylessness. Values guide our actions and define the way we work. We encourage all our colleagues to exemplify and role model the Values.
Vision: To build an enduring institution that serves the protection and long-term saving needs of customers with sensitivity.
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AmbitionBox Best Places to Work in India Awards
Best of the best, rated by employees
ICICI Prudential Life Insurance won India’s Largest Employee Choice Awards in Large Companies Category.
#5 Top Rated Financial Services Company
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ICICI Prudential Life Insurance Ratings
based on 6.3k reviews
Overall Rating
4.1/5
How AmbitionBox ratings work?
5
3.3k
4
1.6k
3
711
2
241
1
428
Category Ratings
4.1
Job security
3.9
Salary
3.9
Skill development
3.8
Company culture
3.7
Work-life balance
3.7
Promotions
3.7
Work satisfaction
ICICI Prudential Life Insurance is rated 4.1 out of 5 stars on AmbitionBox, based on 6.3k company reviews. This rating reflects a generally positive employee experience, indicating satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at ICICI Prudential Life Insurance
based on 6k reviews
4.0
Rated by 1.4k Women
Rated 4.1 for Job security and 3.9 for Salary
4.1
Rated by 4.6k Men
Rated 4.1 for Job security and 4.0 for Skill development
Work Policy at ICICI Prudential Life Insurance
based on 653 reviews in last 6 months
Work from office
87%
Hybrid
10%
Permanent work from home
3%
ICICI Prudential Life Insurance Reviews
Top mentions in ICICI Prudential Life Insurance Reviews
+ 5 more
Compare ICICI Prudential Life Insurance with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 4.1/5 based on 6.3k reviews | 4.3/5 based on 1.8k reviews | 3.8/5 based on 3.8k reviews | 4.0/5 based on 9.1k reviews |
Highly Rated for | Job security Skill development Salary | Work-life balance Salary Company culture | Job security | Skill development Job security Work-life balance |
Critically Rated for | No critically rated category | No critically rated category | Promotions | No critically rated category |
Primary Work Policy | Work from office 87% employees reported | Work from office 43% employees reported | Work from office 76% employees reported | Work from office 81% employees reported |
Rating by Women Employees | 4.0 Good rated by 1.4k women | 4.2 Good rated by 256 women | 3.7 Good rated by 612 women | 3.9 Good rated by 1.9k women |
Rating by Men Employees | 4.1 Good rated by 4.6k men | 4.3 Good rated by 1.3k men | 3.8 Good rated by 3k men | 4.0 Good rated by 6.8k men |
Job security | 4.1 Good | 4.0 Good | 3.8 Good | 3.9 Good |
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ICICI Prudential Life Insurance Salaries
ICICI Prudential Life Insurance salaries have received with an average score of 3.9 out of 5 by 6.3k employees.
Financial Service Consultant
(1.6k salaries)
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₹1.5 L/yr - ₹4.8 L/yr
Sales Manager
(942 salaries)
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₹2.5 L/yr - ₹10.6 L/yr
Associate Financial Service Manager
(747 salaries)
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₹1.9 L/yr - ₹4.6 L/yr
Senior Financial Service Manager
(734 salaries)
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₹2 L/yr - ₹5.1 L/yr
Associate Key Relationship Manager
(591 salaries)
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₹3.3 L/yr - ₹6.5 L/yr
Unit Manager
(549 salaries)
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₹1.1 L/yr - ₹4.5 L/yr
Business Trainee
(510 salaries)
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₹3.8 L/yr - ₹6.3 L/yr
Key Relationship Manager
(416 salaries)
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₹4 L/yr - ₹6.3 L/yr
Area Manager
(373 salaries)
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₹5.8 L/yr - ₹12.8 L/yr
Financial Service Manager
(361 salaries)
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₹2 L/yr - ₹4.9 L/yr
ICICI Prudential Life Insurance Interview Questions
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ICICI Prudential Life Insurance News
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ICICI Pru Life launches income guarantee product in volatile times
- ICICI Prudential Life Insurance has launched 'ICICI Pru GIFT Select', a long-term savings product providing guaranteed immediate income and liquidity.
- Customers can customize the plan by choosing when the guaranteed income starts and the duration, with the option of increasing income at a rate of 5% per annum to hedge against inflation.
- ICICI Pru GIFT Select aims to insulate financial savings from market fluctuations and help customers achieve their financial goals.
- The insurance company boasts a claim settlement ratio of 99.3% and an average claim settlement time of 1.2 days.
HinduBusinessLine | 3 Mar, 2025
New leaders on the block: AI100 unveils its second cohort of visionaries
- AI100, an initiative by YourStory and AWS, showcases 100 leaders in the Indian AI industry, unveiling their journeys and innovations.
- The second cohort of AI100 features leaders who highlight AI's impact on sustainability, insurance, sports, tech talent, and more.
- Smita Ojha from Mindtickle delves into collaborative filtering and revenue enablement, combining enterprise and social media experiences.
- Arun Kumar of ShellKode focuses on bringing tech opportunities to smaller cities, showcasing talent from diverse backgrounds.
- Sanket Sahu, Founder & CTO of GeekyAnts, emphasizes embracing AI in various organizational roles and developing a no-code platform.
- Karthik Kanagaraj from ICICI Prudential harnesses AI for efficient insurance processes, aiming to enhance customer experiences and fraud detection.
- Tridib Mukherjee at Games 24x7 combines his love for sports and AI to ensure responsible and personalized gaming experiences with data-driven decisions.
- These leaders exemplify the diverse applications of AI across industries, from filtering algorithms to personalized gaming experiences.
- The AI100 campaign continues to spotlight visionaries shaping the future of AI in India, offering insights and inspiration.
- To learn more about these leaders and their contributions, visit www.ai100leaders.com and stay updated on the evolving landscape of AI.
Yourstory | 27 Feb, 2025
Putting a premium on AI use to transform insurance
- AI is transforming industries like insurance by enhancing customer experiences and streamlining processes.
- Karthik Kanagaraj from ICICI Prudential Life Insurance leads AI initiatives to improve underwriting and customer service.
- The integration of AI, data science, and machine learning has helped identify potential risks and enhance customer interactions.
- AI aids in predicting premium payments and recommending suitable insurance products, improving sales and customer support.
- AWS infrastructure, including SageMaker and Bedrock, supports ICICI Prudential in managing scale seamlessly and deploying AI models efficiently.
- AWS solutions like S3 and EC2 offer scalability and performance, allowing focus on core business functions.
- Karthik emphasizes the importance of AI in future insurance operations, predicting advancements in claims processing and customization.
- Continuous training and support from AWS empower Karthik's team to stay ahead in leveraging AI technologies and industry benchmarks.
- In the future, AI is expected to automate mundane tasks, enabling individuals to focus on creative endeavors.
- Overall, AI is increasingly integrated into customer journeys in the insurance industry, offering enhanced experiences.
Yourstory | 20 Feb, 2025
As volatile swings continue, experts weigh in
- S Naren, CIO of ICICI Prudential MF, advises against investing in small and mid-cap SIPs due to overvaluation.
- Edelweiss AMC suggests that continuing SIPs during market corrections can leverage rupee cost averaging for better long-term returns.
- Vicky Mehta, an independent analyst, emphasizes the importance of long-term investment and cautions against blindly relying on SIPs.
- Pawan Bharaddia of Equitree Capital believes that the small-cap correction is reaching the final phase, making valuations more attractive for long-term wealth creation.
HinduBusinessLine | 13 Feb, 2025
Stocks To Watch: Welspun Corp, UltraTech Cement, ICICI Prudential, Sagility
- Stocks to watch: Welspun Corp, UltraTech Cement, ICICI Prudential, Sagility
- Welspun Corp., UltraTech Cement Ltd., ICICI Prudential Life Insurance Corp., Sagility India Ltd., and HG Infra Engineering Ltd. are some of the stocks to watch.
- GE Vernova T&D India reported a 28% revenue jump, VRL Logistics had a strong quarter, and Sagility India showed promising growth in their financial performances.
- Other stocks to watch include Cummins India and HG Infra Engineering.
Bloomberg Quint | 6 Feb, 2025
Stock Market Today: All You Need To Know Going Into Trade On Feb. 5
- The NSE Nifty 50 ended 378.20 points or 1.62% higher at 23,739.25 and the BSE Sensex closed 1,397.07 points or 1.81% up at 78,583.81 on Tuesday.
- On Wall Street, major indices ended higher on Tuesday, with the S&P 500 rising 0.72% to 6,037.88, the Dow Jones gaining 0.30% to 44,556.04, and the Nasdaq Composite surging 1.35% to 19,654.02.
- Foreign portfolio investors turned net buyers of Indian equities after 23 straight sessions on Tuesday and domestic institutional investors were net sellers after 34 consecutive buying sessions on Tuesday.
- Shares in Australia, Japan rose and so did stock futures for Hong Kong. The yen advanced to around 154 per greenback.
- The Nifty 50 and BSE Sensex had the best session since Jan. 2, as market participants found temporary relief after US President Donald Trump delayed imposing tariff on Canada and Mexico for a month.
- Indian rupee strengthened by 12 paise to close at 87.08 against the US Dollar.
- Titan Q3FY25 Highlights showed Revenue up 25.24% at Rs 17740 crore versus Rs 14164 crore, Net profit down 0.56% at Rs 1047 crore versus Rs 1053 crore
- Tata Power Q3FY25 Highlights showed Revenue up 5.05% at Rs 15391 crore versus Rs 14651 crore
- ICICI Prudential got warning letter from SEBI to improve compliance standards.
- Zomato: GST Authorities dropped Rs 11.8 crore tax demand against the company.
- NLC India emerges as the successful bidder for a coal mine at Angul, Odisha with a total geological reserve of 720.87 million tonnes.
Bloomberg Quint | 5 Feb, 2025
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Cashfree secures $53 million from Krafton, Apis Partners
- Cashfree Payments has raised $53m in a new funding round, led by South Korean company, Krafton.
- The merchant payment start-up's existing investor, Apis Partners, also participated in the funding round.
- Krafton has invested in a number of Indian businesses, including publishing platform Pratilipi and Kuku FM, among others.
- Cashfree raised $2.7m in a recent funding round in 2021.
- The move follows the lifting of an embargo by the Reserve Bank of India (RBI) on adding new merchants in late 2023.
- Cashfree has grown dramatically since securing an online payment aggregator licence from the RBI, increasing business by 130%.
- It currently serves around 800,000 businesses and processes $80bn in gross transactions annually, with plans to double this by the end of 2025.
- The company's clients include Swiggy, Zepto and BigBasket, and Bajaj Finance and ICICI Prudential.
- The new funding round will enable Cashfree to scale up its products, invest in new payment infrastructure projects, and push one-click checkout products commonly used by direct-to-consumer (D2C) brands.
- Cashfree launched a UPI product recently, allowing the settlement of UPI payments directly with banks.
Economic Times | 5 Feb, 2025
Stocks To Watch: Tata Power, Lupin, RVNL, NLC, ICICI Prudential, Alkem Labs
- Tata Power Co.'s consolidated net profit climbed 8% in the third quarter
- Lupin clarified reports about receiving the US FDA approval for a generic HIV drug, saying they have received tentative approval for their Abbreviated New Drug Application
- ICICI Prudential Life Insurance Co received a show-cause notice demanding Rs 492.06 crore
- Rail Vikas Nigam secured a Rs 404.4-crore contract from East Coast Railway for a road doubling project
Bloomberg Quint | 5 Feb, 2025
ICICI Prudential Life Receives Notice Of Rs 492.06 Crore From Maharashtra GST Authority
- ICICI Prudential Life Insurance Co. received a show cause notice of Rs 492.06 crore from Maharashtra GST Authority.
- The notice will have no material impact on the financials of the company.
- ICICI Prudential Life reported a 43.2% increase in its net profit for the third quarter of FY 2024-25.
- The company's net premium income for the third quarter rose by 23.49% to Rs 12,261 crore.
Bloomberg Quint | 4 Feb, 2025
Why this consumption fund is a good play on Budget sops
- The Finance Minister's announcement will leave ₹1 trillion in the hands of taxpayers, creating an atmosphere to boost consumption in the economy.
- Segments in the consumption theme have seen stock corrections, providing valuation comfort and investment opportunities.
- Factors such as favourable demographics, improving incomes, and digitization support the long-term growth of the consumption theme.
- Investors can consider the ICICI Prudential Bharat Consumption fund for a 5-7 year investment period as it has consistently performed well.
HinduBusinessLine | 3 Feb, 2025
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ICICI Prudential Pension Funds
4.2
• 15 reviews
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ICICI Prudential Life Insurance FAQs
When was ICICI Prudential Life Insurance founded?
ICICI Prudential Life Insurance was founded in 2000. The company has been operating for 25 years primarily in the Insurance sector.
Where is the ICICI Prudential Life Insurance headquarters located?
ICICI Prudential Life Insurance is headquartered in Mumbai, Maharashtra and has an office in Mumbai
How many employees does ICICI Prudential Life Insurance have in India?
ICICI Prudential Life Insurance currently has more than 18,000+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in ICICI Prudential Life Insurance based on the number of reviews submitted on AmbitionBox.
Does ICICI Prudential Life Insurance have good work-life balance?
ICICI Prudential Life Insurance has a Work-Life Balance Rating of 3.7 out of 5 based on 6,200+ employee reviews on AmbitionBox. 78% employees rated ICICI Prudential Life Insurance 4 or above, while 22% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read ICICI Prudential Life Insurance work-life balance reviews for more details
Is ICICI Prudential Life Insurance good for career growth?
Career growth at ICICI Prudential Life Insurance is rated fairly well, with a promotions and appraisal rating of 3.7. 78% employees rated ICICI Prudential Life Insurance 4 or above, while 22% employees rated it 3 or below on promotions/appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. We recommend reading ICICI Prudential Life Insurance promotions/appraisals reviews for more detailed insights.
What are the pros of working in ICICI Prudential Life Insurance?
Working at ICICI Prudential Life Insurance offers several advantages that make it an appealing place for employees. The company is highly rated for job security, salary & benefits and skill development, based on 6,200+ employee reviews on AmbitionBox.
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