ICICI Prudential Life plans 10-15% premium growth, bets on protection to outpace savings, CFO Dhiren Salian says

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ICICI Prudential Life Insurance aims for 10-15% premium growth, with protection products like term and annuity plans leading the charge. CFO Dhiren Salian highlighted that protection, currently 17% of premiums, is a key focus due to its underpenetration and higher profitability. The company is also leveraging AI for operational efficiency and customer service improvements, while capital deployment is increasingly tilted towards the protection segment.