ICICI Prudential Life reports strong Q1-FY2026 solvency, AUM growth

ICICI Prudential Life Insurance Company reported a Value of New Business (VNB) of ₹4.57 bn for Q1-FY2026, with a VNB margin of 24.5%. The company's Solvency ratio stood at 212.3% as of June 30, 2025, demonstrating strong capital adequacy. Assets Under Management (AUM) reached ₹3,244.89 bn, reflecting a 5.1% year-on-year growth.

The company's customer-centric approach is evident with a claim settlement ratio of 99.6% for Q1-FY2026, with claims settled within 1.1 days for non-investigated individual claims. Digital KYC was used in 53% of policies, and 54% of savings policies were issued on the same day in Q1-FY2026.

Product-wise, non-linked and protection businesses showed strong growth in Q1-FY2026. The company’s diversified distribution mix highlights a strong presence across bancassurance (30%), agency (25%), partnership distribution (13%), and direct (13%). ICICI Prudential Life also continues to integrate ESG principles, with 59 Pan-India offices now running on renewable energy.