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    Life Insurance

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    vikramshetty002
    ICICI Prudential Life Insurance is a joint venture between Indian financial group ICICI and British insurance company Prudential. ICICI has been operating in India since 1955 and has expanded into various financial services, while Prudential has been operating in the UK and Asia for over 75 years. The two companies partnered in 1993 to offer mutual funds in India and later formed ICICI Prudential Life Insurance to provide insurance products that cover needs at different stages of life.

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    Life Insurance

    Uploaded by

    vikramshetty002
    21 views2 pages
    ICICI Prudential Life Insurance is a joint venture between Indian financial group ICICI and British insurance company Prudential. ICICI has been operating in India since 1955 and has expanded into various financial services, while Prudential has been operating in the UK and Asia for over 75 years. The two companies partnered in 1993 to offer mutual funds in India and later formed ICICI Prudential Life Insurance to provide insurance products that cover needs at different stages of life.

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    ICICI Prudential Life Insurance is a joint venture between Indian financial group ICICI and British insurance company Prudential. ICICI has been operating in India since 1955 and has expanded into various financial services, while Prudential has been operating in the UK and Asia for over 75 years. The two companies partnered in 1993 to offer mutual funds in India and later formed ICICI Prudential Life Insurance to provide insurance products that cover needs at different stages of life.

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    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    21 views2 pages

    Life Insurance

    Uploaded by

    vikramshetty002
    ICICI Prudential Life Insurance is a joint venture between Indian financial group ICICI and British insurance company Prudential. ICICI has been operating in India since 1955 and has expanded into various financial services, while Prudential has been operating in the UK and Asia for over 75 years. The two companies partnered in 1993 to offer mutual funds in India and later formed ICICI Prudential Life Insurance to provide insurance products that cover needs at different stages of life.

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    INTRODUCTION

    ICICI PRUDENTIAL

    ICICI Prudential Life Insurance is a joint venture between the ICICI Group and
    Prudential plc, of the UK. ICICI started off its operations in 1955 with providing
    finance for industrial development, and since then it has diversified into housing
    finance, consumer finance, mutual funds to being a Virtual Universal Bank and its
    latest venture Life Insurance.

    Foreign Partner:

    Established in 1848, Prudential plc. of U.K. has grown to be the largest life
    insurance and mutual fund company in U.K. Prudential plc. has had its presence in
    Asia for the past 75 years catering to over 1 million customers across 11 Asian
    countries.

    Prudential is the largest life insurance company in the United Kingdom (Source :
    S&P's UK Life Financial Digest, 1998).

    ICICI and Prudential came together in 1993 to provide mutual fund products in
    India and today are the largest private sector mutual fund company in India.

    Their latest venture ICICI Prudential Life plans to take care of the insurance needs
    at various stages of life.

    products
    1) Life Insurance
    Need of Life Insurance

    Today, there is no shortage of investment options for a person to choose from.


    Modern day investments include gold, property, fixed income instruments, mutual
    funds and of course, life insurance. Given the plethora of choices, it becomes
    imperative to make the right choice when investing your hard-earned money. Life
    insurance is a unique investment that helps you to meet your dual needs - saving
    for life's important goals, and protecting your assets. 

    Benefits of life insurance .

    Asset Protection

    From an investor's point of view, an investment can play two roles - asset
    appreciation or asset protection. While most financial instruments have the
    underlying benefit of asset appreciation, life insurance is unique in that it gives the
    customer the reassurance of asset protection, along with a strong element of asset
    appreciation.
     
    The core benefit of life insurance is that the financial interests of one’s family
    remain protected from circumstances such as loss of income due to critical illness
    or death of the policyholder. Simultaneously, insurance products also have a strong
    inbuilt wealth creation proposition. The customer therefore benefits on two counts
    and life insurance occupies a unique space in the landscape of investment options
    available to a customer.

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