ICICI Prudential Life Insurance Co Ltd 2023 AR2
The report highlights ICICI Prudential Life Insurance's achievement of doubling its FY2019 Value of New Business (VNB) in FY2023, driven by its 4P strategy of premium growth, protection focus, persistency improvement, and productivity enhancement. The company successfully diversified its product mix and expanded its distribution network to over 900 partnerships, including 39 bank partners. On the sustainability front, the company integrated its ESG framework into its Corporate Investment Policy and reduced its carbon footprint per employee to 0.71 tCO2e. Additionally, the company supported vocational training for 831 underprivileged youth through the ICICI Academy for Skills and provided micro-insurance coverage to over 40 million lives in FY2023.
Company: ICICI Prudential Life Insurance Co Ltd
Sector: Financials
Country: India
Year: 2023
Type: AR2
Pages: 692
ICICI Prudential Life Insurance Co Ltd
Annual Report
The report highlights ICICI Prudential Life Insurance's achievement of doubling its FY2019 Value of New Business (VNB) in FY2023, driven by its 4P strategy of premium growth, protection focus, persistency improvement, and productivity enhancement. The company successfully diversified its product mix and expanded its distribution network to over 900 partnerships, including 39 bank partners. On the sustainability front, the company integrated its ESG framework into its Corporate Investment Policy and reduced its carbon footprint per employee to 0.71 tCO2e. Additionally, the company supported vocational training for 831 underprivileged youth through the ICICI Academy for Skills and provided micro-insurance coverage to over 40 million lives in FY2023.
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Document Details
Report Year
2023
Reporting Period
Apr 1, 2022 - Mar 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Women on Board
Women in Management
Workplace Fatalities
Employees