With this, the company notched up weighted retail plus group new business premium of Rs 4,586 crore during the period, posting year-on-year growth of 69 per cent. This growth comes from a base that has grown 97 per cent over the corresponding period in the previous year, said an official release here.

Growth strategy
Renewal premium, one of the key indicators of long-term sustainability of the business, showed a strong growth of 110 per cent, it added. New Business Profit stood at Rs 748 crore for the nine month period.  The company wrote over 18 lakh policies over the period and increased its assets held to over Rs 28,000 crore. ICICI Prudential Life’s retail weighted market share from April to November 2007 stood at 11.8 per cent of the total market, retaining its position of being the leading private life insurer in the country. Managing Director & CEO Shikha Sharma said, “in line with the company’s growth strategy, ICICI Prudential Life strengthened its presence across the country by increasing the branch count to over 1,000 branches, employee strength to over 31,200 and advisor base to 2,63,000.” Further,  as much as Rs 430 crore capital was infused by the promoters ICICI Bank and Prudential Plc in their existing shareholding proportion of 74:26 respectively, taking the total capital base to Rs 3,362 crore.