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We were the largest private sector life insurer in India by total premium in fiscal 2016 and assets under management at March 31, 2016. We are a joint venture between ICICI Bank Limited, India’s largest private sector bank in terms of total assets with an asset base of ` 7.2 trillion at March 31, 2016, and Prudential Corporation Holdings Limited, a part of the Prudential Group, an international financial services group with GBP 509 billion of assets under management at December 31, 2015. We were one of the first private sector life insurance companies in India and commenced operations in fiscal 2001. We offer our customers a range of life insurance, health insurance and pension products and services. Every fiscal year since fiscal 2002, we have consistently generated the most new business premiums on a retail weighted received premium basis among all private sector life insurers in India. The Indian life insurance sector was the tenth largest life insurance market in the world and the fifth largest in Asia in terms of total premiums in 2016, according to Swiss Re, sigma No 3/2016. The Indian economy is one of the fastest growing large economies in the world, with a GDP growth rate of 7.3% (in real terms) in fiscal 2016 and a household savings rate of 19.1% of GDP in fiscal 2015, according to CRISIL Research, Life insurance industry report, July 2016. We expect these macroeconomic factors, coupled with India’s large and young population, rapid urbanisation and rising affluence to propel the growth of the Indian life insurance sector. In fiscal 2016, our market share, on a retail weighted received premium basis,

among all insurance companies in India (public and private sector) was 11.3%, as compared with a market share of 9.7% for our nearest private sector competitor. Among the 23 private sector life insurance companies in India, we had a market share, on a retail weighted received premium basis, of 21.9% in fiscal 2016.A customer-centric culture that spans all aspects of our business is a key element of our strategy. We offer a range of products to cater to the specific needs of customers in different life stages, enabling them to meet their long-term savings and protection needs. We offer our customers access to our products and services through an extensive multi-channel sales network across India, including through the branches of our bank partners, individual agents, corporate agents, our employees, our offices and our website. As of March 31, 2016, we had 121,016 individual agents. As of July 12, 2016, our bank partners had over 4,500 branches. We believe we are at the forefront of leveraging technology in the Indian life insurance sector, with our focus on digitisation and transformation of sales, customer on-boarding and internal processes. We believe that our focus on technology has enriched customer experience and enhanced the productivity of our employees and distributors. In fiscal 2016, our gross premium income was ` 191.64 billion, which comprised ` 49.24 billion of retail new business regular premium, ` 4.32 billion of retail new business single premium, ` 119.95 billion of retail renewal premium and ` 18.13 billion of group premium. Our 13th month persistency ratio in fiscal 2016 was 82.4%, which was one of the highest in the sector. At March 31, 2016, we had ` 1.04 trillion of assets under management, making us one of the largest fund managers in India. Of these, 72.4% were in linked assets. Funds representing 92.9% of our linked assets with identified benchmarks at March 31, 2016 had performed better than their respective benchmarks since inception. Our expense ratio of 14.6% for fiscal 2016 was also one of the lowest among the private sector life insurance companies in India. Our Company has an established track record of delivering annual returns to shareholders. Our profit after tax was ` 16.53 billion in fiscal 2016 and our return on equity has exceeded 30% for each year since fiscal 2012. We have a strong capital position with a solvency ratio of 320.0% at March 31, 2016 compared to the IRDAI-prescribed control level of 150.0%. Our business has not received a shareholder capital injection since fiscal 2009 and our Company has paid annual dividends since fiscal 2012. Our Company has paid cumulative dividends (exclusive of dividend distribution tax) of ` 40.32 billion since fiscal 2012. Our value of new business grew from ` 2.70 billion in fiscal 2015 to ` 4.12 billion in fiscal 2016, representing an increase of 52.6%. Our Indian embedded value at March 31, 2016 was ` 139.39 billion. Our Company also has a wholly owned subsidiary, ICICI Prudential Pension Funds Management Company Limited, which is registered as a fund manager with the Pensions Fund Regulatory and Development Authority of India.