financial analysis of icici prudential life insurance

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about ICICI prudential life insurance its riders benifits,its financial analysis

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  • 1. FINANCIAL ANALYSIS OF
    AMIT KUMAR
    3020070044
    RR1709B34
    BBA-MBA(5TH)

2. About insurance.
Some major players in private sector.
About ICICI prudential life insurance co.
Products.
Achievements
Financial management.
Financial comparison with other company.
My work.
Objective of the study.
Sources of finance.
Financial analysis of company.
Findings.
Limitations.
Recommendations.
Contents
3. Insurance
Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed and known small loss to prevent a large, possibly devastating loss.
4. Major players
5. ABOUT THE COMPANY
Joint venture b/w ICICI bank & prudential life insurance company. ICICI bank has 76% of stake & rest is of prudential.
ICICI bank is Indias 2nd largest bank.
Prudential is international financial service group having headquarter in U.K.
It started its operations in December 2000, after getting approval by IRDA & today this is the no. 1 co. in privatesector in India.
6. ICICI Prudential Life is all about
Wealth
Health
Life
Total
Protection
We cover you at every step in life
7. unaudited earnings Rs. 36,340 million.
Partnership with McLeod Russel India.
Company has opened new 1375 offices in 2008.
India's Most Customer Responsive Insurance Company.
Prudence Customer Centricity Award 2007 & 2008 Prudential Corporation Asia.
Recent achievement
8. products
ICICI Prudential Life Insurance offers a range of innovative, customer-centric products that meet the needs of customers at every life stage. Its products cab is enhanced with up to 6 riders, to create a customized solution for each policyholder.
Products
-Savings Solutions.
-Protection Solutions.
-Child Solutions.
-Market-linked Solutions.
-Retirement Solutions.
-Health solutions.
Riders
-Accident & disability benefit
-Accident benefit
-Critical Illness Benefit
-Major Surgical Assistance Benefits
-Income Benefit
-Waiver of Premium
9. Finance function in ICICI Prudential is committed to create an infrastructure that is aligned to shareholder expectations.
Basically it includes four functions:

  • Preparation and maintenance of financial records.

10. Funds management. 11. Expense processing. 12. Treasury operations.Financial management of ICICI prudential
13. Contribution related charges.
Administrative charges.
Fund managementcharges.
Mortality charges.
Rider charges.
Surrender charges.
Bid offer charges.
Transactional specific charges.
Allocation charges
14. Financial comparisons with competitors
15. Preparation for IRDA exam.
Cleared IRDA exam.
Attending AIP classes.
Telecalling.
Selling policies.
My work
16. Objectives of the Study

  • To know the financial position of the company using ratios.

17. To see the change of the companys assets and liability from 2007 to 2008 using comparative and common size statement. 18. To find out the sources used by the company to finance their activities.