ICICI Prudential Life Insurance Company Ltd is expected to break-even and start making profits in the next two years. The market share of the company is also expected to grow substantially during this period from the current 12.5%, said NS Kannan, executive director of the company.
Speaking to FE on Thursday, Kannan said: “We have been growing over 70% annually and will grow even faster in the years to come. We believe that in the next two years the company will break-even and will start making profits.”
To sustain the growth momentum and to maintain its leadership position among the private insurers, the company will infuse fresh funds.