ICICI Prudential Life upbeat about Gulf (Interview)

ICICI Prudential Life Insurance Company, which opened its representative office in Dubai two years ago, is buoyant on business from the Gulf.

Anup Rau, Senior Vice-President and Head of Sales of the company, is hopeful of high single-digit growth in the 2009-10 financial year as high growth is expected in the second half.

Last year saw a decline in industry growth as the economic crisis gripped the world. Amid the challenges posed by the crisis, the firm witnessed delays in premiums. "Volumes declined, but there were not many policy surrenders by NRIs in this region," Rau told Emirates Business in an interview.