Skip to main content
UploadLanguage (EN)Support
BusinessMobileSocial MediaMarketingTechnologyArt & PhotosCareerDesignEducationPresentations & Public SpeakingGovernment & NonprofitHealthcareInternetLawLeadership & ManagementAutomotiveEngineeringSoftwareRecruiting & HRRetailSalesServicesScienceSmall Business & EntrepreneurshipFoodEnvironmentEconomy & FinanceData & AnalyticsInvestor RelationsSportsSpiritualNews & PoliticsTravelSelf ImprovementReal EstateEntertainment & HumorHealth & MedicineDevices & HardwareLifestyle
Uploaded byrajeevgupta
PPT, PDF8,908 views

Icici Prudential Life Insurance

ICICI Prudential Life Insurance offers various individual and group insurance solutions including savings and investment plans, protection solutions, retirement solutions, health solutions, and flexible rider options. A SWOT analysis finds strengths in being India's number one private life player, innovative policies, large financial institution backing, and high capitalization, but weaknesses in targeting only higher income customers and having high premiums and charges. Opportunities exist in expanding distribution and adopting new technology, while threats come from competition and potential policy changes.

Economy & Finance◦Business◦
Downloaded 778 times
ICICI PRUDENTIAL LIFE INSURANCE Presented By
Product Profile Insurance Solutions for Individuals 2. Savings & Wealth Creation Solutions Cash Plus Save’n’Protect Cash Back Lifetime Super & Lifetime Plus Life Link Super Premier Life Gold Invest Shield Life New Invest Shield Cash back
3. Protection Solutions LifeGuard Home Assure 4. Child Plans Education insurance SmartKid Retirement Solutions Forever Life Life Time Super Pension Life Link Super Pension
Health Solution Health Assure and Health Assure Plus Cancer Care Group Insurance Solutions Group Gratuity Plan Group Superannuation Plan Group Immediate Annuities Group Term Plan
Flexible Rider Options Accident & disability benefit Critical Illness Benefit Income Benefit Waiver of Premium
SWOT ANALYSIS
Strengths ICICI Prudential is No. 1 private life player in India. Innovative insurance policies with rider benefits. Motivation factors provided by the company. One of the largest financial Institution of India’s. Second largest bank with network of 469 branches and 1740 ATM’s across India. A huge database of corporate clients, retail customer, and bank customers of ICICI. Training provided to all people associating with ICICI prudential. Highest paid up capital deposited in IRDA, in comparison to all players. Assets base of ICICI is more then Rs 1, 08,000 Crores.
WEAKNESS Very huge premiums of policies. Compare to other insurance sector. Minimum premium is 19000.(Expect tax saving policy only 10,000) Target upper class people only. Policy charges are very high. And problematic to advisors also. Poor distribution is in English language only.
OPPORTUNITIES Tie up with more corporate agents all over India. Tie up with broker also No. of adopting new technology. Strong Brand of Company Helps to boost sales inn market Attract more people of providing customer centric products
THREAT Threat from existing life insurance players Threat from new entrance. Threat to substitute products Change in the policy of IRDA Competition from more & more new players People don’t aware of different distribution channel
GRAPHS
 
 
 
CONCLUSION