MockSutraCurrent Affairs

ICICI Prudential Life Insurance Renamed ICICI Life Insurance

25 September 2026National

ICICI Prudential Life Insurance Company Limited has been renamed ICICI Life Insurance Limited with effect from 22 September 2026, after approval from the Registrar of Companies. The change follows UK-based Prudential plc restructuring its India business: it plans to acquire a 75% controlling stake in Bharti Life Insurance and is being reclassified from promoter to a passive investor in the ICICI venture, since regulations bar promoter status in competing insurers. The company has amended its Memorandum and Articles of Association and will approach IRDAI for a revised Certificate of Registration. ICICI Bank had raised its stake in the insurer earlier in September 2026.

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IRDAI was established in 1999 and is headquartered in Hyderabad | ICICI Bank was founded in 1994 and is headquartered in Mumbai | Sandeep Bakhshi is MD and CEO of ICICI Bank

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