ICICI Prudential Life Insurance Co. Ltd. has reached a new milestone, with its Assets Under Management (AUM) surpassing ₹3 lakh crore. As of July 31, 2024, the company’s AUM stood at ₹3.14 lakh crore, underscoring its robust growth and the increasing trust of its customers.
Anup Bagchi, Managing Director and CEO of ICICI Prudential Life Insurance, commented on this achievement, stating, “Crossing the ₹3 lakh crore mark highlights our commitment to helping customers achieve their long-term financial goals. Our focus on simplifying products and processes has been a key driver of this growth.”
In Shillong, this achievement is resonating with investors who are looking for reliable financial products that offer security and growth. The city’s increasing engagement with life insurance products from ICICI Prudential reflects a broader trend of financial maturity and planning in the region. ICICI Prudential Life’s dedication to excellence is further demonstrated by its claim settlement ratio of 99.17% in FY2024, with an average turnaround time of just 1.27 days. This solidifies the company’s standing as a trusted provider in the life insurance sector, committed to delivering on promises and enhancing customer satisfaction.
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