ICICI Prudential Life in focus after ₹391 Cr income tax order; company to challenge itICICI Prudential Life in focus after ₹391 Cr income tax order; company to challenge it

Introduction

Leading life insurance firm received an Income Tax order for Assessment Year 2024-25. The company plans to file an appeal, with total demand including interest at ₹3,910 crore.

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Share price movement of ICICI Prudential Life

On March 25, 2026, ICICI Prudential Life Insurance Company Ltd opened at ₹544.55, up 1.34% from its previous close of ₹537.45. The stock reached a high of ₹551.80 (2.68%) and a low of ₹539.00. By 12:37 PM, it traded at ₹549.00, a 2.15% increase, with a market cap of ₹79,563.08 crore.

ICICI Prudential Tax Order Update

ICICI Prudential Life Insurance Company Limited received an Income Tax order under Section 143(3) for Assessment Year 2024-25 from the Assistant Commissioner of Income Tax, Mumbai on March 23, 2026.

The order raises issues including negative reserves treated as taxable surplus, transfers from shareholders to policyholders accounts, disallowance under Section 14A, and taxation of shareholders income as other sources. Total demand is ₹3,910.84 crore.

The company stated no immediate financial impact and plans to file an appeal before the Commissioner of Income Tax (Appeals) within prescribed timelines. Penalty under the order is not applicable.

Stock performance of ICICI Prudential Life for period of 1 week, 6 months, and 1 year

ICICI Prudential Life Insurance Company Ltd delivered a 1-week return of -8.70%, a 6-month return of -8.20%, and a 1-year return of -9.24%.

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Shareholding pattern of ICICI Prudential Life

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	72.90%	72.90%	73.00%
FII	11.50%	13.20%	13.10%
DII	10.40%	8.70%	8.90%
Public	5.20%	5.30%	5.10%

About ICICI Prudential Life

ICICI Prudential Life Insurance Company Ltd (NSE: ICICIPRULI) provides life, health, and pension insurance products through agents, banks, brokers, and digital channels, promoted by ICICI Bank and Prudential Plc.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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