ICICI Prudential Life Insurance Co. Ltd.

TITLE A Study on a Traditional Product and a ULIP product and Impact analysis of Deregulation

GROUP - 1

ABOUT THE COMPANY

Joint venture between ICICI Bank and Prudential plc
Began its operations in December 2000

Total capital infusion stands at Rs. 47.80 billion, with ICICI Bank holding a stake of 74% and Prudential plc holding 26%. Network of approximately 1,400 offices and over 1,75,0000 advisors, as at June 30, 2011.

INSURANCE COMPANIES FOCUS ON

Death
Retirement Health

EARLY FOCUS: Death..

NOW: Living too long..

DEATH Term Assurance Plans

OLD AGE Pure Endowment plans

DEATH + OLD AGE

ENDOWMENT PLANS

TRADITIONAL PLANS

Save and protect

Cash back
GSIP Whole life

GSIP-Guaranteed Saving Insurance Plan

Features : Customers are interested

Return guaranteed
Customer selects the term & premium

Invests in Government security

o Two option term available : 7 year , 10 year o 7th year plan

o Benefit received in the 15th year

o 10th year plan

o Benefit received in the 20th year.

What is available to the customers on maturity?

Sum Assured + Regular Addition + Maturity Bonus

SAVE N PROTECT
FEATURES: Customer Selects the : Term + Sum Assured Based on the age of the customer , Company decides the premium, using premium table

Half yearly , Yearly or Monthly plans to pay

premium

Maturity Benefit
S. A + Guaranteed Addition + Vested Bonus G. A = 3.5% S.A
V.B = 90% of investments in various investment avenues.

An extra mile

Combination selling
Providing customers customized products using existing products, for example,

GSIP+ Immediate annuity (pension plan)

ULIP

UNIT LINKED INSURANCE PLAN

Flexible
Transparency Partial Withdrawal

Surrender Option
Switch Between Funds

The types of funds offered in a ULIP

Equity Funds Income, Fixed Interest and Bond Funds

Cash Funds
Balanced Funds ULIP product of ICICI Pru Life: Pinnacle Super

DEREGULATION & ITS IMPACT

Impact on the industry.

Impact on the company. Impact on customers. How it plans to overcome.

THANK YOU
PRESENTATION BY :

P Gopa Kumar Varun Kumar Geordie Job Pottas Vineeth Vijay Kumar Swathy Ranjith Geethu Venugopal Leah Roy

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