Icici Prudential Life Insurance Company Ltd operates in the Life insurance sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Icici Prudential Life Insurance Company Ltd with three other
insurance companies in Asia:
Reliance Capital Ltd
(2020
sales of 183.27 billion Indian Rupees [US$2.49 billion]
of which 49%
was General Insurance),
MNRB Holdings Berhad
of MALAYSIA
(2.22 billion Malaysian Ringgits [US$538.31 million]
of which 50%
was Reinsurance), and
Lifenet Insurance Company
which is
based in JAPAN
(16.70 billion Japanese Yen [US$159.15 million]
of which 100%
was Insurance & Related Activities).
Sales Analysis.
Icici Prudential Life Insurance Company Ltd reported sales of 210.62 billion Indian Rupees (US$2.86 billion)
for the
fiscal
year ending
March of 2020.
This
represents
a
sharp
decrease of 49.2%
versus 2019, when the company's sales were 414.72 billion Indian Rupees .
Contributing to the drop in overall sales was the 79.8% decline
in Linked Life, from 273.34 billion Indian Rupees to 55.28 billion Indian Rupees .
There were also decreases in sales in
Linked Group Pension (down 20.1% to 4.10 billion Indian Rupees )
and
Par Pension (down 8.2% to 1.21 billion Indian Rupees )
.
However, these declines were partially offset by the increase in sales of
Non Par Life (up 14.7% to 58.81 billion Indian Rupees )
and
Par Life (up 15.3% to 52.27 billion Indian Rupees )
and
Linked Group Life (up 134.2% to 22.13 billion Indian Rupees )
and
Annuity Non Par (up 67.9% to 15.44 billion Indian Rupees )
.