ICICI Prudential Life Insurance’s board has approved raising capital by issuance of subordinated debt instruments in the nature of rated, listed, redeemable, unsecured, fully paid-up, non-cumulative, non-convertible debentures (NCDs) up to Rs 1,200 crore. The capital will be raised in one or more tranches, for cash, at par on private placement basis. The Board of Directors of the company at their meeting held on October 7, 2020 has approved the same.
ICICI Prudential Life Insurance Company offers a range of products to cater to the specific needs of customers in different life stages, enabling them to meet their long-term savings and protection needs.
