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ICICI PRUDENTIAL Life 2010-11 Net Profit At `808 Crore

Private life insurer ICICI Prudential Life on Monday reported net profit of `808 crore for the financial year ended March 31, 2011, against `258 crore reported in the corresponding period a year ago. During 2010-11, the insurer recorded a 24 per cent growth in new business premium at `7,862 crore. ICICI Prudential Life's assets under management were higher by 19 per cent at `68,150 crore, compared with 57,319 crore a year ago. This includes an equity corpus of `43,325 crore.

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