This document provides a financial analysis of ICICI Prudential Life Insurance company. It includes an overview of the company and its products, sources of finance such as equity shares and debt, comparative financial statements from 2007-2008 showing increases in reserves and current assets. Financial ratios are calculated including current ratio, profitability ratio, debt ratio and return ratio. Findings note more charges taken from customers and lack of profit until 2008. Recommendations include caring more about fund management and providing lower charges to customers.

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 India’s 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 private sector 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

10. Funds management.

11. Expense processing.

12. Treasury operations.Financial management of ICICI prudential

13. Contribution related charges. Administrative charges. Fund management charges. 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

17. To see the change of the company’s assets and liability from 2007 to 2008 using comparative and common size statement.

19. Debt is Rs. 160,458 Million which is 33% of total assets.Sources of fund

21. The loan and advances has decreased from 0.12% to 0.06%.

22. Current assets has increased by 6.00%.Common size balance sheet

24. Cash and bank balance has increased by 21.75%.

25. Current liability have increased by 38.14%.

26. Provision have increased by 62.66%.Comparative balance sheet

27. Current ratio This ratio tells us about the ability of the company to payoff its current liability using current assets.

29. This ratio tells us what is the company’s position to pay off its total debt through its total asset. Debt ratio

30. This ratio indicates relation between the net income generated and the total assets. Return ratio

31. More charges is taken from customers. Company may face problems to pay their short term liability. Company was not earning the profit till 2008. Company is doing better this year as compare to previous year. Findings

32. Limited time. Company doesn’t provide annual report. Lack of accurate data. No cooperation by financial department to trainee. limitations

33. Swot analysis

34. Brand image Money power, larger network branches, large portfolio (in built fund hedge), price competitive products and low upfront charge Strength

35. Little product differentiation. Most of the plans too complicated to understand. More centered in urban areas. More allocation charges. Weakness

36. Insurance coverage both to the parent & children in one plan. Leverage the customer base of bancassurance partner. Rural market. Opportunity

37. Players like Bajaj Allianz with low premium for same plan. LIC offering huge surplus in life fund. New entrance. Threats

38. Company should care about fund management so that it can do better in future. Should take less charges from customers. Should provide annual report. Should cooperate with trainee & give proper knowledge to them. Recommendations