ICICI PRUDENTIAL LIFE

INSURANCE COMPANY LTD

-- Presented by
SAYANTAN CHOUDHURY
 CONTENTS
Overview of Banking and
Finance Sector
Company Overview
Groups
CONTENTS Mission and Values
Plans & Policies
Achievements
Competitors
News
 BANKING & FINANCIAL
The Mutual Fund (MF) industry in India has seen rapid growth in
Assets Under Management (AUM). Total AUM of the industry
stood at Rs 23.80 trillion (US$ 340.48 billion) between April
2018-February 2019. At the same time the number of Mutual fund
(MF) equity portfolios reached a high of 74.6 million as of June
2018.
Another crucial component of India’s financial industry is the
insurance industry. The insurance industry has been expanding at a
fast pace. The total first year premium of life insurance companies
reached Rs 214,673 crore (US$ 30.72 billion) during FY19.
 OVERVIEW
 ICICI Prudential Life Insurance Company Limited is promoted by ICICI
Bank Limited and Prudential Corporation Holdings Limited.
 ICICI Prudential Life began its operations in fiscal year 2001 and has
consistently been amongst the top players in the Indian life insurance
sector
 With total revenue of 4.9 billion dollar
 The Assets Under Management (AUM) as on 31st March 2019
were `1,604.10 billion.
 In FY 2015 ICICI Prudential Life became the first private life insurer to
attain assets under management of `1 trillion. ICICI Prudential
It is the first insurance company in India to be listed on NSE and BSE.
The total consolidated assets of ICICI Bank stood at ₹ 12,387.94 billion at
March 31, 2019 and profit after tax of ₹ 33.63 billion for the year ended
March 31, 2019. ICICI Bank currently has a network of 4,874 Branches
and 14,987 ATMs across India

Prudential Corporation Holdings Limited is an indirect wholly-owned

subsidiary of Prudential plc. Prudential plc and its affiliated companies
constitute one of the world's leading financial services groups, serving
around 26 million customers and it has £657 billion of assets under
management (as at 31 December 2018)
 GROUPS

ICICI
ICICI Lombard General
Bank Insurance

ICICI ICICI
Home GROUPS Prudential
Mutual
Finance
Fund

ICICI ICICI
Prudential
Direct Pension
FMC
 MISSION VALUES
The success of the company will be
founded in its unflinching
commitment to 5 core values –
To build an enduring Customer First: Keep customers at
institution that serves the center of everything we do
the protection and long- Humility: Openness to learn and
term saving needs of change
customers with Passion: Demonstrate infectious
energy to win and excel
sensitivity. Integrity: Do the right thing
Boundary less: Treat organization
agenda as paramount
 PLANS AND POLICIES
 LIFE INSURANCE

 TERM PLANS

1) ICICI Pru iProtect Smart

2) ICICI Pru iCare II

 TAX SAVING INVESTMENT PLAN

 TERM INSURANCE

 HEALTH INSURANCE PLANS

1) ICICI Pru Heart / Cancer Protect

2) ICICI Pru Smart Health Cover

 CONT...
 UNIT LINKED INSURANCE PLANS

1) ICICI Pru Signature

2) ICICI Pru LifeTime Classic
3) ICICI Pru1 Wealth
4) ICICI Pru Elite Life Super
5) ICICI Pru Elite Wealth Super
6) ICICI Pru Guaranteed Wealth Protector

 CHILD EDUCATION INSURANCE PLAN

1) ICICI Pru Smart Life

2) ICICI Pru Future Perfect - Child plan

 RETIREMENT PLANS

1) ICICI Pru Easy Retirement(ULIP)

2) ICICI Pru Immediate Annuity
 ICICI Pru iProtect Smart Life Care Plan

Get claim payout on first diagnosis of 34 Critical Illnesses

Accidental Death Benefit upto 2 Crore (optional)
In-built Terminal Illness Cover - you get the full sum assured if you
are diagnosed with a terminal illness
In-built Premium Waiver on permanent disability due to accident
Tax benefits up to Rs 54,600
Get covered till the age of 99 years
 ICICI Pru Guaranteed Wealth Protector

 The minimum age of the Life Assured is 18 years and the

maximum age should not exceed 50 years
 Maximum age of the Life Assured at the end of the policy should
not exceed 75 years
 For Regular Pay, the payment term is the same as the policy term
For Limited Pay, we need to pay premium for 5 years less than the
policy term
 The Minimum Premium starts from Rs 2400 per annum
(excluding taxes)
 Maximum Critical Illness Benefit of 25 lakh
 MARKET OUTLOOK
REVIEW
 In its third monetary policy of FY 2020, RBI cut its policy rates by
an unconventional 35 bps – reducing the repo rate to 5.40%.
 RBI revised its FY20 GDP growth forecast marginally lower by
0.10% to 6.90%. CPI estimates were largely maintained as 3.1%
for Q2 FY 2020.
 CPI inflation for July 2019 was at 3.15% with core inflation
almost flat at 4.1%.
 Credit and deposit growth remained slow at 11.6% and 10.2%
respectively for August 16, 2019.
 Trade deficit narrowed to $13.43 billion in July due to a decline in
imports.
 Indian Rupee appreciated against the dollar to close the month at
71.74.
 ACHIEVMENT
“Life Insurance Company of the Year" at the 4th Annual
Insurance India Summit & Awards 2019

Adjudged "Best Innovation and Diversification introduced

by the Company in a Year" by Emerging Asia Awards 2019

ICICI Pru iProtect Smart voted "Product of the Year

2019" in the life insurance category by Product of the Year
(India) Private Limited

ICICI Pru Heart/Cancer Protect voted "Product of the Year

2018" in the life insurance category by Product of the Year
(India) Private Limited
 COMPETITORS

 HDF Life Insurance Company Ltd

 SBI LIFE INSURANCE
 LIC ( Life Insurance Corporation)
 PNB Met Life
 IDBI Federal
 Max Financial Services
 Bajaj Finance
 Muthoot Finance
 NEWS
 ICICI Prudential Life Insurance Company has signed a
corporate agency agreement with Airtel Payments Bank,
India's first Payments Bank. Airtel Payments Bank customers
will now have easy access to life insurance and savings plans,
enabling them to provide financial security to their families
and build long term savings
 ICICI Bank Q1 net NPA ratio lowest in 14 quarters
THANK YOU