Latest news with #ICICIPrudentialLife
Business Upturn
28-07-2025
- Business
- Business Upturn
Infidigit and ICICI Prudential lead the Shift to AI-Driven SEO with Breakthrough Results in AI Overviews, LLMs and Voice Search
In a landmark collaboration with ICICI Prudential Life, Infidigit , one of India's leading SEO agencies, is setting a new standard in search marketing by moving beyond traditional SEO and delivering results through AI-powered strategies. With a team of over 150+ SEO experts and its proprietary platform Infigrowth, Infidigit helps enterprise brands improve visibility across Google's AI Overviews, AI Mode, LLMs like ChatGPT, Gemini, Perplexity, voice search, and local search. Business Wire India In a landmark collaboration with ICICI Prudential Life, Infidigit , one of India's leading SEO agencies, is setting a new standard in search marketing by moving beyond traditional SEO and delivering results through AI-powered strategies. With a team of over 150+ SEO experts and its proprietary platform Infigrowth, Infidigit helps enterprise brands improve visibility across Google's AI Overviews, AI Mode, LLMs like ChatGPT, Gemini, Perplexity, voice search, and local search. For ICICI Prudential Life , one of Infidigit's key enterprise clients in the BFSI sector, the agency delivered over 1,100+ AI Overview optimisations and secured multiple placements across large language model (LLM) results. These efforts significantly enhanced the brand's visibility in AI-generated and voice search outcomes in term life insurance sector. Guruvignesh S, Senior Manager at ICICI Prudential Life, said, 'Infidigit's SEO team's strategic efforts have helped us gain significant presence in AI Overviews, unlocking new opportunities for organic growth.' Beyond individual client milestones, Infidigit has executed over 45,500+ AI Overview optimisations across key sectors. This includes more than 20,000+ in BFSI, 14,000+ in eCommerce & D2C, 7,000+ in Technology, and 4,500+ in Travel & Entertainment. These results were driven by structured content strategies, real-time SEO audits, automated internal linking, and topic expansion aligned with the evolving behaviours of large language models (LLMs). These results demonstrate a clear trend: AI-enhanced SEO is no longer optional; it's essential for visibility in today's evolving search ecosystem. What makes Infidigit different isn't just that it has embraced AI SEO. It has turned the approach into a results-led approach. While many are still exploring possibilities, Infidigit is executing proven strategies across AI Overviews, LLMs, voice search, and location-based results. Its strength lies in combining deep SEO expertise with AI's speed, precision, and scale. At the heart of this transformation is Infigrowth , Infidigit's proprietary digital growth platform. Purpose-built for AI-powered SEO and data-led marketing, Infigrowth enables teams to act on real-time insights, automate complex SEO tasks, and optimise content for evolving search environments. These diverse features are all within one integrated system. 'At Infidigit, we don't just adapt to the future of SEO, we shape it,' said Kaushal Thakkar, Founder and CEO of Infidigit. 'With 150+ SEO experts and our proprietary platform Infigrowth, we deliver outcomes, not guesswork. While others are still testing AI strategies, we've already implemented AI Overview optimisations, LLM-based content scaling, and structured data deployments. That's why brands like ICICI Prudential trust us to lead their search growth.' As search continues to shift toward generative results and AI-led discovery, Infidigit is supporting brands with a combination of human expertise and AI-powered tools to help them navigate the evolving search landscape. Disclaimer: The above press release comes to you under an arrangement with Business Wire India. Business Upturn take no editorial responsibility for the same. Ahmedabad Plane Crash
New Indian Express
19-07-2025
- Business
- New Indian Express
ICICI Bank net profit jumps 15.5% to Rs 12,768 crore in Q1 of FY26
MUMBAI: The second largest private sector lender ICICI Bank has reported a street-beating 15.5 percent growth in its net profit to Rs 12,768.21 crore in the June quarter on better asset quality that brought down its provisions for bad loans. Insurance subsidiaries ICICI Prudential Life and ICICI Lombard General contributed positively to the overall performance, with the group's total capital employed rising to over Rs 3.29 trillion. The core net interest income of the bank increased 10.6 percent to Rs 21,635 crore, while the other income, excluding treasury operations, recorded a 13.7 percent surge to Rs 7,264 crore. Given the lower asset pricing and higher cost liabilities, the core net interest margin narrowed to 4.34 percent from 4.41 percent a quarter ago, the bank said Saturday. The overall provisions, excluding the ones for taxes, came at Rs 1,815 crore compared to Rs 1,332 crore in the year-ago period, the bank said. The gross non-performing assets ratio improved to 1.67 percent from 2.15 per cent a year ago.
Economic Times
15-07-2025
- Business
- Economic Times
ICICI Prudential Life Q1 Results: Profit jumps 34% YoY as premiums rise, costs fall
India's ICICI Prudential Life Insurance on Tuesday reported a 34% rise in first-quarter profit, helped by higher premiums from group policies and lower operating costs. ADVERTISEMENT The life insurer reported a profit after tax of 3.02 billion rupees ($35.2 million) for the quarter ended June 30, compared to 2.25 billion rupees a year before. Its net premium income grew 8% to 85.03 billion rupees, driven by a 20% jump in single premiums. Meanwhile, operating expenses decreased 10.1% aided by lower advertisement and sales related cost, the company said. Analysts said strong growth in group insurance plans during the April-June quarter boosted premium income for insurers. Group insurance policies cover a group of people under one contract and are generally utilised by firms for their employees. ADVERTISEMENT However, growth in market- or unit-linked insurance plans (ULIPs) slowed in the quarter hit by broader market volatility driven by uncertainty over the global impact of policy shifts under U.S. President Donald Trump. ULIPs, which have lower margins, accounted for 46.8% of ICICI Prudential Life's overall product mix, down from 51.4% a year earlier. ADVERTISEMENT Annualised premium equivalent sales, a key metric that gives annualised total value of all single premium and recurring premium policies, fell 5% to 18.64 billion rupees for the June quarter. Value of new business (VNB), or expected profit from new policies, fell 3.2% to 4.57 billion rupees for the quarter. ADVERTISEMENT The company's VNB margin rose slightly to 24.5% for the quarter, compared to 24% a year ago. This was supported by the company's reducing shares of its lower-margin, market or unit-linked insurance plans (ULIP). ADVERTISEMENT Peers HDFC Life Insurance and SBI Life Insurance are yet to report their quarterly results. ($1 = 85.7800 Indian rupees). (You can now subscribe to our ETMarkets WhatsApp channel)
New Indian Express
15-07-2025
- Business
- New Indian Express
ICICI Pru Life net soars 34% to Rs 302 crore in June Qtr
MUMBAI: Second largest private sector life insurer ICICI Prudential Life has reported a 34.2% on-year growth in net income at Rs 302 crore for the June quarter driven by lower new business strains and reduction in overall expenses. The new business received premium rose 6.4% to Rs 4,012 crore, while total premium collections increased 8.1% to Rs 8,954 crore. The life insurer saw a marginal decline in the value of new business (VNB) to Rs 457 crore from Rs 472 crore in Q1. However, the VNB margin improved to 24.5% from 24%, the company said in a statement Tuesday. Annualised premium equivalent also declined 5% to Rs 1,864 crore following a 9.5% drop in savings APE, the company said without offering reasons for the declines. But protection APE bucked the trend with a 15.2% rise to Rs 409 crore, as the company pushed retail protection which grew 24.1% to Rs 139 crore. The new business received premium rose 6.4% to Rs 4,012 crore, while total premium collections increased 8.1% to Rs 8,954 crore, while renewal premium income grew 9.4% to Rs 4,942 crore, indicating improved policyholder retention. The assets under management rose to Rs 3.24 trillion, up 5.1%$ from the previous year. The cost-to-total premium ratio dropped to 21.2 from 24. Within the savings line of business, the metric improved to 14.1 from 16.8. The solvency ratio strengthened to 212.3, well above the Irdai-mandated 150. The company's net worth also rose to Rs 12,553 crore from Rs 11,291 crore last year.
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Business Standard
15-07-2025
- Business
- Business Standard
ICICI Prudential Life Q1FY26 results: Net profit rises 34% to ₹302 crore
ICICI Prudential Life Insurance on Tuesday reported a 34 per cent year-on-year (YoY) increase in net profit to Rs 302 crore in the April–June quarter of FY26 (Q1FY26), aided by growth in premium income and a decline in expenses. The company had reported a net profit of Rs 225.4 crore in Q1FY25. Net premium income grew nearly 8 per cent YoY to Rs 8,503 crore from Rs 7,874.66 crore in the same period last year. However, the Annualised Premium Equivalent (APE) declined 5 per cent YoY to Rs 1,864 crore. APE is the sum of annualised first-year regular premiums plus 10 per cent weighted single premiums. Expenses dropped 4.72 per cent YoY to Rs 1,891.5 crore in the quarter under review, compared to Rs 1,985.3 crore in Q1FY25. The Value of New Business (VNB) slipped 3.18 per cent YoY to Rs 457 crore from Rs 472 crore. The VNB margin contracted to 24.5 per cent in Q1FY26, from 24 per cent in the corresponding period last year. Anup Bagchi, managing director and chief executive officer, ICICI Prudential Life Insurance, said, 'We reported a total premium growth of 8.1 per cent year-on-year (YoY) in Q1FY26 on the back of our extensive distribution and comprehensive product suite. Protection continues to remain at the heart of our business strategy, and we registered a strong growth of 24.1 per cent year-on-year (YoY) in our retail protection business. Furthermore, our total new business sum assured grew by 36.3 per cent year-on-year in the same period.' 'We will continue to work on our strengths — that is, customer centricity, product leadership, extensive distribution network and business excellence — aided by the building blocks of people, digitalisation and analytics to help us achieve our core objective of growing the absolute VNB,' Bagchi added. In Q1FY26, the solvency ratio of ICICI Prudential Life stood at 212 per cent, against 187.9 per cent in the year-ago period. The persistency ratio remained healthy, with the 13th month persistency ratio at 80.8 per cent, compared to 85.7 per cent; while the 61st month ratio stood at 63.4 per cent, as opposed to 65.8 per cent in the quarter under review.
