ICICI Prudential Life Insurance Co. Ltd. has achieved a significant milestone, with its Assets Under Management (AUM) surpassing ₹3 lakh crore. As of July 31, 2024, the company’s AUM stood at ₹3.14 lakh crore, marking a testament to the growing trust and preference of customers towards its financial products.
Anup Bagchi, Managing Director and CEO of ICICI Prudential Life Insurance, expressed his delight, stating, “Crossing the ₹3 lakh crore mark underscores the confidence our customers place in us to help them achieve their long-term financial goals. Our focus on simplifying products and processes has been pivotal in driving this growth.”Bagchi also highlighted the company’s commitment to financial security and wealth creation, emphasizing their stringent investment philosophy and risk management framework, which has resulted in zero Non-Performing Assets since the company’s inception.
In Aizawl, this milestone is a reflection of the growing awareness and adoption of financial products in even the remotest parts of India. Local investors are increasingly seeking reliable avenues for financial security, with life insurance products becoming a preferred choice for wealth creation and retirement planning.
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