ICICI Prudential Life Insurance's asset under management crosses Rs 2.5 trn

The company commenced operations 22 years ago in December 2000, and had 'assets under management' of approximately Rs 100 crore at the end of FY2001

Private insurer ICICI Prudential Life Insurance Company's assets under management (AUM) have crossed Rs 2.5 trillion mark, the company said in a release. 

According to the statement, it was the company's customer-centric products, increase in new business premium, industry-leading persistency ratios, customer service, and risk-adjusted returns that contributed to building the AUM.

The company, which started operations 22 years ago in December 2000, has an AUM of around Rs 100 crore by the end of FY 2001. In the next nine years, the organisation reached an AUM of Rs 50,000 crore, and in another 14 years, it crossed Rs 1