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ICICI Prudential Life Insurance saw a 19% profit rise in Q3 FY26, driven by strong retail growth and digital expansion.
ICICI Prudential Life Insurance posted a 19% year-on-year increase in net profit to ₹387.15 crore for the third quarter of FY26, driven by strong growth in retail protection, a 9.9% rise in retail APE, and a 51.6% increase in retail sum-assured.
The company reported a 19% rise in Value of New Business to ₹615 crore and maintained a 24.4% VNB margin.
Despite a 3.7% decline in net premium income, assets under management reached ₹3.31 lakh crore, and in-force sum assured rose to ₹43.44 lakh crore.
The insurer, which has zero non-performing assets and a 99.04% claim approval rate, continues to expand digitally, with over 95% of new business conducted online.
ICICI Prudential Life Insurance registró un aumento del beneficio del 19% en el tercer trimestre del año fiscal 26, impulsado por un fuerte crecimiento minorista y la expansión digital.