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IPRULIFE- 1st Insurance Company to Sign UNPRI

Published on December 19, 2021
Current Context: The ICICI Prudential Life Insurance (IPRULIFE) has signed United Nations-supported Principles for Responsible Investment (UNPRI).
IPRULIFE- 1st Insurance Company to Sign UNPRI
  • The IPRULIFE has become the first insurance company to do so.
  • By doing so, IPRULIFE has given the commitment towards Environment, Social, and Governance (ESG) issues.
  • The UNPRI is the world’s leading proponent of responsible investment.
  • The UNPRI executes the work in investment implications of ESG factors.
  • It helps a network of investors who have signed the agreement in incorporating these factors into their investment and ownership decisions.
  • This agreement will enable IPRULIFE to promote sustainability by integrating ESG factors into its investment frameworks.
  • Also, IPRULIFE has launched the ‘Sustainable Equity Fund’ which is an ESG focused fund and is one step ahead of the entity to maintain sustainability.
  • Static Part: 
    • CEO of IPRULIFE: N S Kannan

Question: 

Q.1 Which is the first insurance company in India to sign United Nations-supported Principles for Responsible Investment (UNPRI)?
a. HDFC Life Insurance Company Ltd.
b. Max Life Insurance Company Limited
c. ICICI Prudential Life Insurance
d. Tata AIA Life Insurance
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