Outcome of Board Meeting

October 2, 2026 Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers ‘Exchange Plaza’ Dalal Street Bandra-Kurla Complex Mumbai 400 001 Bandra (East), Mumbai 400 051 Dear Sir/Madam, Scrip Code: Equity (BSE: 540133/NSE: ICICIPRULI) Debt (NSE: ICPR34, ICPR35) Ref: Change in Directorate – Disclosure as per Regulation 30 and 51 of the SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) The Board of Directors (the Board), on the recommendation of the Board Nomination and Remuneration Committee (BNRC), at their meeting held today, noted the resignation of Mr. Anup Bagchi as Managing Director and Chief Executive Officer, with effect from close of business hours on Tuesday, October 13, 2026. The Board have placed on record their appreciation of Mr. Bagchi’s contribution to the growth and success of ICICI Group over the last three decades across a variety of roles. During his tenure at ICICI Life, Mr. Bagchi has successfully steered the Company to emerge as a resilient franchise. Further, the Board, based on the recommendation of BNRC, inter-alia, approved the following matters: • Appointment of Mr. Sidharatha Mishra, as the Chief Operating Officer, with effect from October 6, 2026. • Appointment of Mr. Sidharatha Mishra (DIN: 06524169), as an Additional Director and Managing Director & CEO, with effect from October 14, 2026, or date of approval of the Insurance Regulatory and Development Authority of India, whichever is later for a period of five consecutive years, subject to requisite approvals. Consequent to the resignation, Mr. Anup Bagchi ceases to be Key Managerial Personnel for the purpose of determining materiality of an event or information and for the purpose of making disclosures to stock exchange(s) under Regulation 30(5) of the Listing Regulations.. The letter of resignation of Mr. Anup Bagchi is enclosed as Annexure I. The requisite disclosures as per Regulation 30 and 51 read with Schedule III of Listing Regulations alongwith the details as required under Para A (7) of Part A of Schedule III of SEBI (Listing Regulations) read with SEBI Master Circular dated January 30, 2026 are enclosed herewith as Annexure II. Mr. Sidharatha Mishra is not debarred from holding the office of Director pursuant to any SEBI Order or Order of any such authority. The Board meeting commenced today at 1:45 p.m. and concluded at 2:15 p.m. ICICI Life Insurance Limited (Formerly known as: ICICI Prudential Life Insurance Company Limited) Regd. Office: ICICI Prulife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025, India. Phone: +91 22 4039 1600 | Email: corporate@iciciprulife.com | Visit us at www.iciciprulife.com | CIN: L66010MH2000PLC127837 Kindly take the above information on records. This intimation may also be accessed at www.iciciprulife.com. Thanking you, Yours sincerely, For ICICI Life Insurance Limited (Formerly known as ICICI Prudential Life Insurance Company Limited) Priya Nair Company Secretary ACS 17769 Encl.: As above CC: Axis Trustee Services Limited, Debenture Trustee ICICI Life Insurance Limited (Formerly known as: ICICI Prudential Life Insurance Company Limited) Regd. Office: ICICI Prulife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025, India. Phone: +91 22 4039 1600 | Email: corporate@iciciprulife.com | Visit us at www.icicilife.com | CIN: L66010MH2000PLC127837 Annexure I October 1, 2026 The Board of Directors ICICI Life Insurance Limited Dear Sir and Madam, Subject: Resignation I, do and hereby, tender my resignation as Managing Director and CEO of ICICI Life Insurance Limited (the Company), with effect from close of business hours on October 13, 2026, as I wish to pursue a new career opportunity outside the organization. I remain committed to supporting the transition in every possible way and ensuring that all responsibilities are handed over smoothly. I take this opportunity to thank the Board of Directors, entire ICICI Group, the Management team, and all stakeholders of the Company for this incredible journey and trust placed in me over the past years. Thanking you, Yours sincerely, Anup Bagchi DIN: 00105962 Annexure II Sr. Particulars Descri ption 1 Reasons for change viz. appointment, Mr. Anup Bagchi has resigned as Managing re-appointment, resignation, removal, Director and CEO, with effect from close of death or otherwise business hours on October 13, 2026 Mr. Sidharatha Mishra has been appointed as the Chief Operating Officer, with effect from October 6, 2026. Further, Mr. Mishra has been appointed as the Additional Director and Managing Director & CEO, with effect from October 14, 2026, or date of approval of the Insurance Regulatory and Development Authority of India, whichever is later for a period of five consecutive years, subject to requisite approvals. 2 Date of appointment/re- Please refer Point no. 1. above. appointment/cessation (as applicable) and term of appointment/re- appointment 3 Brief Profile (in case of appointment) Mr. Sidharatha Mishra holds a bachelor’s degree in science and a postgraduate diploma in management with a specialization in finance from Utkal University, Bhubaneswar. Mr. Mishra has over 26 years of experience in the banking sector. He presently heads the digital channels & partnerships, voice channel, customer service, NRI & IFIG groups of ICICI Bank Limited. 4 Disclosure of relationships between None of the Directors are inter-se related to Directors (in case of appointment of a Mr. Sidharatha Mishra. director) ICICI Life Insurance Limited (Formerly known as: ICICI Prudential Life Insurance Company Limited) Regd. Office: ICICI Prulife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025, India. Phone: +91 22 4039 1600 | Email: corporate@iciciprulife.com | Visit us at www.icicilife.com | CIN: L66010MH2000PLC127837