ICICI Pru Life Increases Capital By Rs 245 Crore

ICICI Prudential Life Insurance Company has put in Rs 245 crore and taken its capital base to a total of Rs 2,060 crore, the highest among the domestic life insurers. This was the fourth equity hike in the last financial year. The two promoters, ICICI Bank and Prudential plc, contributed to the capital in their existing proportions of 74:26, respectively. The company last increased its capital base by Rs 230 crore in January. In the last financial year, there has been a total capital infusion of Rs 875 crore.