ICICI Prudential Life Insurance Company Ltd

ICICI Prudential Life Insurance Company Ltd has received an order from the Commissioner (Appeals Thane) upholding a tax demand of ₹3,647,279,080 (approximately ₹364.7 crore). This demand pertains to alleged GST on amounts recovered from insurance agents as per commercial terms, applicable for FY2018 to FY2023. The order dismisses the company's appeal, confirming the tax demand of ₹1,823,639,540, interest (not quantified), and a penalty of ₹1,823,639,540. The company states there will be no adverse material impact on its financial operations and intends to file a further appeal.

ICICI Prudential Life Insurance Company Ltd has entered into a transitional agreement with Prudential IP Services Limited (PIP). This agreement amends the existing trade marks and names license agreement dated September 26, 2014. The new terms outline the continued usage of 'Prudential' marks by the company during its rebranding process, including the eventual removal of the name from its company name and domain names. The agreement sets out timelines and conditions for this rebranding, with the original license agreement now amended as of August 12, 2026. PIP is a subsidiary of Prudential plc, a promoter of ICICI Prudential Life.

ICICI Prudential Life Insurance Company Ltd has received a No Objection Certificate (NOC) from the Insurance Regulatory and Development Authority of India (IRDAI) for a change in its name. The proposed new name is 'ICICI Life Insurance Limited', or another name approved by the Registrar of Companies, provided it includes the word 'Insurance'. This NOC allows the company to proceed with registering the new name with the Ministry of Corporate Affairs. The company had previously intimated about this change on May 17, 2026, and July 6, 2026.

ICICI Prudential Life Insurance Company Ltd has released its monthly business performance update for July 2026. The company reported a Retail Annualized Premium Equivalent (APE) growth of 8.9% year-on-year for July 2026, reaching ₹16.46 billion. For the 4-month period of FY2027 (April-July), Retail APE grew by 9.8% to ₹24.04 billion. New Business (NB) premium saw a significant increase of 21.3% year-on-year in July 2026, amounting to ₹48.66 billion, and a 21.1% growth for the 4-month period, totaling ₹71.67 billion. NB sum assured also showed strong growth, up 31.8% year-on-year in July and 29.3% for the 4-month period. The update indicates positive operational momentum for the company.

ICICI Prudential Life Insurance Company Limited has issued an intimation regarding dividend payments for FY2026. Shareholders approved a dividend of ₹1.65 per equity share at the AGM held on June 30, 2026, with a record date of June 5, 2026. All payments were to be made electronically. However, some dividend payments were not remitted or were rejected due to reasons such as incomplete or outdated bank account details. Shareholders are advised to contact their Depository Participant to update their bank account information and KYC details. They can also claim the dividend by submitting a request letter with DP ID & Client ID and an updated Client Master List to the Registrar and Transfer Agent (RTA), KFin Technologies Limited, via courier, email, or their web portal. Queries can be directed to investor@iciciprulife.com.

ICICI Prudential Life Insurance Company Ltd has announced the credit of its final dividend for FY2026. Shareholders approved a dividend of ₹1.65 per equity share of face value ₹10 each at the Annual General Meeting held on June 30, 2026. The record date for determining eligibility was fixed as June 5, 2026. The company has remitted the dividend amount electronically to shareholders' bank accounts, with TDS deducted as per applicable Income-tax Act provisions. Tax deduction certificates in Form 131 will be available on the Registrar's website by August 15, 2026.

ICICI Prudential Life Insurance Company Limited announced its unaudited standalone financial results for the quarter ended June 30, 2026. The board meeting, held on July 15, 2026, also approved the financial statements. The company's statutory auditors, M. P. Chitale & Co. and Chaturvedi & Co LLP, issued their Limited Review Reports. The filing includes detailed standalone results for the quarter, presented in Lakhs.

ICICI Prudential Life Insurance Company Limited announced its unaudited standalone financial results for the quarter ended June 30, 2026. The board of directors approved these results during their meeting held on July 15, 2026. The company also submitted the Limited Review Reports from its joint statutory auditors, M. P. Chitale & Co. and Chaturvedi & Co LLP. The filing includes detailed statements for the Policyholders' Account and Shareholders' Account, along with the standalone balance sheet as of June 30, 2026.

ICICI Prudential Life Insurance Company Limited's Board has approved a proposal to reclassify Prudential Corporation Holdings Limited from 'Promoter' to 'Investor', subject to IRDAI approval. Consequently, the company plans to change its name to 'ICICI Life Insurance Limited'. The board also accepted the resignation of Non-Executive Director Mr. Naveen Tahilyani, effective July 6, 2026. These changes aim to align the company's corporate identity with its evolving promoter structure.

ICICI Prudential Life Insurance Company Limited announced key board decisions including the approval to reclassify Prudential Corporation Holdings Limited from 'Promoter' to 'Investor'. This reclassification necessitates a change in the company's corporate identity, leading to an approved proposal to change the company's name to 'ICICI Life Insurance Limited'. The company will file applications with the IRDAI for both the reclassification and the name change, subject to regulatory approvals. Additionally, the board accepted the resignation of Mr. Naveen Tahilyani as Non-Executive Director, effective July 6, 2026.