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Mumbai, Sept. 3 ICICI Prudential Life Insurance has crossed Rs 20,000 crore in terms of total assets under management.

Of these assets, Rs 12,200 crore were in equities, the company said in a press release.

The company has doubled its assets held to Rs 20,000 crore in a span of just one year. It has also crossed 50 lakh in terms of total policies issued.

Ms. Shikha Sharma, Managing Director and CEO, ICICI Prudential Life Insurance said, “Our fund management capabilities have struck a chord with the retail investor who has realised that equities provide maximum returns over the long-term and now looks at us as a viable route towards investing in markets, especially equities.”

ICICI Prudential Life Insurance is a 74:26 joint venture between ICICI Bank and UK-based Prudential.

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