Icici Prudential Life Insurance 1207896128970994 8

8/6/2019 Icici Prudential Life Insurance 1207896128970994 8

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Presented By


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Product Profile

1. Insurance Solutions for Individuals

2. Savings & Wealth Creation Solutions

Cash Plus SavenProtect Cash Back Lifetime Super & Lifetime Plus Life Link Super Premier Life Gold Invest Shield Life New Invest Shield Cash back


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3 . Protection Solutions LifeGuard Home Assure

4. Child Plans

Education insurance SmartKid

5. Retirement Solutions

Forever Life Life Time Super Pension Life Link Super Pension


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6 . Health Solution Health Assure and Health Assure Plus Cancer Care

7. Group Insurance Solutions Group Gratuity Plan Group Superannuation Plan Group Immediate Annuities Group Term Plan


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8 . Flexible Rider Options Accident & disability benefit Critical Illness Benefit Income Benefit Waiver of Premium


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Strengths

1. ICICI Prudential is No. 1 private life player in India.

2. Innovative insurance policies with rider benefits.

3 . Motivation factors provided by the company.

4. One of the largest financial Institution of Indias.

5. Second largest bank with network of 4 69 branches and 1740 ATMsacross India.

6 . A huge database of corporate clients, retail customer, and bankcustomers of ICICI.

7. Training provided to all people associating with ICICI prudential.

8 . Highest paid up capital deposited in IRDA, in comparison to all players.

9 . Assets base of ICICI is more then Rs 1, 0 8 ,000 Crores.


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WEAKNESS

1. Very huge premiums of policies.

2. Compare to other insurance sector.

3 . Minimum premium is 1 9 000.(Expect tax saving policy only 10,000)

4. Target upper class people only.

5. Policy charges are very high.

6 . And problematic to advisors also.

7. Poor distribution is in English language only.


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OPPORTUNITIES

1. Tie up with more corporate agents all over India.

2. Tie up with broker also

3 . No. of adopting new technology.

4. Strong Brand of Company Helps to boost sales inn market

5. Attract more people of providing customer centric products


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THREAT

1. Threat from existing life insurance players

2. Threat from new entrance.

3 . Threat to substitute products

4. Change in the policy of IRDA

5. Competition from more & more new players

6 . People dont aware of different distribution channel


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05

1015202530

35404550

Below 25

25 To 3535 To 4545 To 55Above 55


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0

5

10

15

20

25

30

35

Below25

35 To45

Above55

Cash BackLife Time


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0

5

10

15

20

25

30

35

Below25

35 To45

Above55

Fully SatisfiedSatisfiedNot Satisfied


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Documents

Icici Prudential Life Insurance 1207896128970994 8