ICICI Prudential Life Insurance Company Ltd

This is with reference to the various queries received by the Company on taxation of income from non-linked life insurance policies issued on or after April 1 2023 and having premium of above Rs. 500000 per annum as announced in the Finance Bill - 2023.As disclosed in our financial results for 9M-FY2023 the Annualised Premium Equivalent (APE) product mix was well diversified at 41.4% unit linked 19.7% protection 6.3% annuity 4.0% group funds and 28.6% non-unit linked. We wish to clarify that the share of business of non-unit linked policies with annual premium of above Rs. 500000 is approximately 6% of the total APE for 9M-FY2023.This disclosure is meant to facilitate information symmetry for all of our stakeholders until further clarifications are received on Finance Bill -2023. Kindly take the above information on records.