Prudential Exits Life Insurance JV with ICICI Bank, Eyes Stake in Bharti Axa Life Insurance
ByAinvest
Wednesday, Mar 18, 2026 1:56 pm ET1min read
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Prudential is exploring an exit from its life insurance joint venture with ICICI Bank, ICICI Prudential Life Insurance. Prudential Corporation Holdings Ltd holds 21.93% in the listed insurer, while ICICI Bank owns 50.95%. Prudential is also in talks with Bharti Axa Life Insurance regarding a potential stake acquisition, and other foreign insurers are also interested in buying into the business. ICICI Prudential Life is India's third-largest private-sector life insurer by new business premium.
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