ICICI Pru Life, the first Indian private life insurer to open office in Dubai

ICICI Prudential Life Insurance, opened its representative office in Dubai, becoming the first private life insurer from India to open an office in the Emirate. This is ICICI Pru's second overseas office, after its first overseas office in the Kingdom of Bahrain, and marks a move to further strengthen the company's ability to cater to the vast non-resident Indian (NRI) population in the Gulf.

ICICI Pru's office in Dubai will be able to service the 1.4 million discerning NRIs in UAE. The office will promote and service the life insurance needs of the NRIs through ICICI Prudential's wide range of products, which include wealth creation, education insurance, retirement solutions and health solutions.

ICICI Pru's Dubai office was inaugurated today by Venu Rajamony, Counsel-General of India, Dubai, in the presence of Bhargav Dasgupta, Amey Saxena, Senior Vice President & Head - Priority Circle & GCC, ICICI Pru Life Insurance and other senior officials from ICICI Pru Life and ICICI Bank.

Speaking at a press conference to mark the launch of the Dubai office, Bhargav Dasgupta, Executive Director, ICICI Prudential Life Insurance, said, "ICICI Prudential is delighted to announce the opening of its Dubai office. GCC is an important region for ICICI Prudential's future growth plans and UAE, as one of the fastest growing economies with a large NRI population, is key to this growth. Today we are delighted to bring our brand and service promise closer to Indians who live and work in UAE. As we establish our presence here, we hope to partner with them as they secure the future of their families and themselves here as well as in India."

He added, "The booming UAE economy has resulted in greater wealth for NRIs, most of who are seeking to use their enhanced earnings to secure the future of their families back home in India, be it for their retirement planning, child's education or wealth creation needs. ICICI Prudential's range of insurance products is ideally suited to meet all these needs in a comprehensive manner."

Source: Asia Insurance Post