ICICI Prudential Life Insurance leads with a 99.64% claim settlement ratio in Tamil Nadu in FY2026
The Company has registered an industry leading claim settlement ratio of 99.64% in Tamil Nadu in FY2026, providing timely financial relief when families need it the most. The Company also witnessed a strong 43.89% year-on-year growth in Q1-FY2027 for the term plan (retail protection) business in the state. The Company covered 33,92,793 lives in the State as on March 31, 2026. The Company is also receiving strong demand in its savings business that includes linked, non-linked and annuity business in the State of Tamil Nadu. The Company’s Assets under Management (AUM) stood at Rs. 22,294 crore as on March 31, 2026 in the State. Importantly, the Company reported a sum assured of Rs. 1,90,435 crore as on March 31, 2026 in the State and in the last 7 years, the Company has paid total benefits worth Rs. 7,356 crore to its customers in the State of Tamil Nadu. The Board of Directors recently approved a proposal to rename the Company as ‘ICICI Life Insurance Limited’, subject to relevant a...