ICICI Prudential: Premiums up 135 per cent
Mumbai: ICICI Prudential Life Insurance Company has recorded a 135 per cent growth in total premium income for the financial year ended March 31, 2003, at Rs 989 crore, as against a premium income of Rs 420 crore in the corresponding period, the previous year. The company added Rs 8,173 crore in terms of sum assured in the financial year 2003-04, taking the total sum assured since inception to Rs 16,000 crore. A company release said that the company's market share amongst private life insurers for retail business stands at 39.3 per cent for the period April '03 to February '04. ICICI Prudential Life Insurance Company is a joint venture between ICICI Bank and Prudential plc.
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