Investor Presentaiton

VNB growth levers update (4P's) * billion FY2021 9M-FY2022 Growth Value of New Business (VNB) 1 16.21 13.88 34.8% VNB margin 25.1% 27.1% NA billion Premium growth (APE) Protection growth (APE) Persistency (13th month) 2 Persistency (61st month)2 Productivity (Cost/TWRP: Savings)4 FY2021 9M-FY2022 Growth 64.62 51.25 29.6% 10.46 8.56 21.8% 84.8%³ 84.8% NA 49.8%³ 52.7% NA 9.6% 12.2% NA 1. For full year, based on actual cost; 9M: based on management forecast of full year cost 2. Definition revised in on 'Public Insurers' dated September 30, 2021; ICICI PRUDENTIAListency for regular and limited pay individual policies; comparative period figures restated for revised definition LIFE INSURANCE 3. As of March 2021 4. Total expenses including commission / (Total premium - 90% of single premium) 27

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