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Updated: June 09, 2025 14:48
ICICI Prudential Life Insurance Company Ltd has reported robust financial performance for May 2025, with significant growth in new business premium and annualized premium equivalent (APE). The latest figures highlight the company’s continued expansion in the life insurance sector, reinforcing its position as a leading private insurer in India.
Key Highlights
- New business premium for May 2025 stood at 14.07 billion rupees, reflecting sustained demand for life insurance products.
- Annualized premium equivalent (APE) reached 6.73 billion rupees, indicating strong policyholder engagement and premium collections.
- The company’s performance aligns with broader industry trends, showcasing resilience in the insurance market.
New Business Premium Growth
ICICI Prudential Life’s new business premium of 14.07 billion rupees underscores its ability to attract new customers and expand its market share. This metric represents the total premium collected from new policies issued during the month, demonstrating the company’s success in acquiring fresh business.
Annualized Premium Equivalent Performance
The APE, which measures the recurring premium income from new policies, stood at 6.73 billion rupees for May 2025. This figure is crucial in assessing the insurer’s ability to generate sustainable revenue from its policyholders, reflecting both single and regular premium contributions.
Industry Context And Outlook
The life insurance sector has witnessed steady growth, driven by increasing awareness of financial protection and long-term savings. ICICI Prudential Life’s performance aligns with this trend, reinforcing its strategic focus on customer-centric solutions and diversified product offerings.
As the company continues to expand its footprint, its ability to maintain strong premium collections and policyholder engagement will be key to sustaining growth in the competitive insurance landscape.
Source: ICICI Prudential Life Insurance Company Ltd
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