Company Profile Insurance

8/8/2019 Company Profile Insurance

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HDFC Standard Life Insurance Company Limited. is one of India's leading private insurance

companies, which offers a range of individual and group insurance solutions. It is a joint venturebetween Housing Development Finance Corporation Limited (HDFC Limited), India's leading

housing finance institution and a Group Company of the Standard Life Plc, UK. As on February28, 2009 HDFC Ltd. holds 72.43% and Standard Life (Mauritius Holding) 2006, Ltd. holds

26.00% of equity in the joint venture, while the rest is held by others.

HDFC Limited, Indias premier housing finance institution has assisted more than 3.3 million

families own a home, since its inception in 1977 across 2400 cities and towns through its

network of over 250 offices. It has international offices in Dubai, London and Singapore withservice associates in Saudi Arabia, Qatar, Kuwait and Oman to assist NRIs and PIOs to own ahome back in India. As of December 2008, the total asset size has crossed more than Rs. 95,000

crores including the mortgage loan assets of more than Rs. 82,800 crores. The corporation has adeposit base of Rs. 17,551 crores, earning the trust of more than 9,00,000 depositors. Customer

Service and satisfaction has been the mainstay of the organization. HDFC has set benchmarks forthe Indian housing finance industry. Recognition for the service to the sector has come from

several national and international entities including the World Bank that has lauded HDFC as amodel housing finance company for the developing countries. HDFC has undertaken a lot of

consultancies abroad assisting different countries including Egypt, Maldives, and Bangladesh in

the setting up of housing finance companies.

Standard Life Group (Standard Life plc and its subsidiaries)

The Standard Life Group has been looking after the financial needs of customers for over 180

years. It currently has a customer base of around 7 million people who rely on the company fortheir insurance, pension, investment, banking and health-care needs. Its investment manager

currently administers 125 billion in assets. It is a leading pensions provider in the UK, and israted by Standard & Poor's as 'strong' with a rating of A+ and as 'good' with a rating of A1 by

Moody's. Standard Life was awarded the 'Best Pension Provider' in 2004, 2005 and 2006 at theMoney Marketing Awards, and it was voted a 5 star life and pensions provider at the Financial

Adviser Service Awards for the last 10 years running. The '5 Star' accolade has also beenawarded to Standard Life Investments for the last 10 years, and to Standard Life Bank since itsinception in 1998. Standard Life Bank was awarded the 'Best Flexible Mortgage Lender' at the

Mortgage Magazine Awards in 2006.


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Associate Companies

HDFC Limited HDFC Bank HDFC Mutual Fund HDFC ERGO General

Insurance

Other Companies

y HDFC Trustee Company Ltd.

y GRUH Finance Ltd.

y HDFC Developers Ltd.

y HDFC Property Ventures Ltd.

y HDFC Ventures Trustee Company Ltd.

y HDFC Investments Ltd.

y HDFC Holdings Ltd.

y Credit Information Bureau (India) Ltd

Our Vision

'The most successful and admired life insurance company, which means that we are the mosttrusted company, the easiest to deal with, offer the best value for money, and set the standards in

the industry'.

Our Values

Values that we observe while we work:

y Integrity

y Innovation

y Customer centric

y People Care One for all and all for one

y Team work

y Joy and Simplicity


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Products & services

Range of Solutions

We have a range of individual and group solutions, which can be easily customized to specificneeds. Our group solutions have been designed to offer you complete flexibility combined with a

low charging structure.

When coming to varieties we can say hardly categories the below mentioned

1. Protection plans

2. Children plans

3. Retirement plans4. Investment plans

5. Saving plans

6. Health plans

7. Group insurance plans

8. Rural insurance plans

The major categories In the above mentioned are only Protection, Children, Retirement,

Investment and Health plans

In this study we are going to take analysis for Children plans

Children Plans

Why do People need Children Plans?

Being a parent is one of the joys of life. Your child looks up to you and depends on you for love,protection and support. You want to provide your child with the best in life.

Childrens Plans helps you save so that you can fulfill your childs dreams and aspirations.These plans go a long way in securing your childs future by financing the key milestones in

their lives even if you are no longer around to oversee them. As a parent, you wish to provideyour child with the very best that life offers, the best possible education, marriage and life style.

Most of these goals have a price tag attached and unless you plan your finances carefully, youmay not be able to provide the required economic support to your child when you need it themost. For example, with the high and rising costs of education, if you are not financiallyprepared, your child may miss an opportunity of a lifetime.


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ICICI Prudential Life Insurance Company is a joint venture between ICICI Bank - one of

India's foremost financial services companies-and Prudential plc - a leadinginternational financial services group headquartered in the United Kingdom. Totalcapital infusion stands at Rs. 47.80 billion, with ICICI Bank holding a stake of 74% and

Prudential plc holding 26%.

We began our operations in December 2000 after receiving approval from InsuranceRegulatory Development Authority (IRDA). Today, our nation-wide team comprises of2074 branches (inclusive of 1,116 micro-offices), over 225,000 advisors; and 7 bancassurance partners.

ICICI Prudential is the first life insurer in India to receive a National Insurer FinancialStrength rating of AAA (Ind) from Fitch ratings. For three years in a row, ICICI

Prudential has been voted as India's Most Trusted Private Life Insurer, by The EconomicTimes - AC Nielsen ORG Marg survey of 'Most Trusted Brands'. As we grow ourdistribution, product range and customer base, we continue to tirelessly uphold our

commitment to deliver world-class financial solutions to customers all over India.

Our vision:

To be the dominant Life, Health and Pensions player built on trust by world-class peopleand service.

This we hope to achieve by:

y Understanding the needs of customers and offering them superior products andservice

y Leveraging technology to service customers quickly, efficiently and convenientlyy Developing and implementing superior risk management and investment strategies

to offer sustainable and stable returns to our policyholdersy Providing an enabling environment to foster growth and learning for our

employeesy And above all, building transparency in all our dealings

The success of the company will be founded in its unflinching commitment to 5 core

values -- Integrity, Customer First, Boundary less, Ownership and Passion. Each of thevalues describe what the company stands for, the qualities of our people and the way wework.

We do believe that we are on the threshold of an exciting new opportunity, where we canplay a significant role in redefining and reshaping the sector. Given the quality of ourparentage and the commitment of our team, there are no limits to our growth.


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Our values :

Every member of the ICICI Prudential team is committed to 5 core values:Integrity, Customer First, Boundary less, Ownership, and Passion. These values

shine forth in all we do, and have become the keystones of our success.

PROMOTERS

ICICI Bank

ICICI Bank Limited (NYSE:IBN)is India's largest private sector bank and the second largestbank in the country with consolidated total assets of about US$ 95 billion as of March 31,2009. ICICI Banks subsidiaries include Indias leading private sector insurance companies

and among its largest securities brokerage firms, mutual funds and private equity firms.ICICI Banks presence currently spans 19 countries, including India.

Prudential Plc

Established in London in 1848, Prudential plc is a leading internal retail financial servicesgroup with significant operations in Asia, the US and the UK. Prudential has been writingprotection and savings insurance for over 160 years, and today has more than 21 millioncustomers worldwide and over 249 billion in assets under management (as of December31, 2008). In Asia, Prudential is the leading Europe-based life insurer with operations inChina, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, the Philippines, Singapore,

Taiwan, Thailand, and Vietnam. Prudential is one of the largest asset managementcompanies in terms of overall assets sourced in Asia ex-Japan, with ?36.8 billion fundsunder management (as of December 31, 2008) and operations in ten markets includingChina, Hong Kong, India, Japan, Korea, Malaysia, Singapore, Taiwan, Vietnam and UnitedArab Emirates.

ASSOCIATE COMPANIES

1 ICICI BANK2 ICICI LOMBORD

3 ICICI SECURITIES


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CHILDREN PLAN

ICICI Prudential's Smart Kidis a fixed-term insurance plan that provides you with funds at

regular intervals. The plan also keeps your family financially secure should an untoward

event ever occur. Read more about the features and benefits of Smart Kid

Sujimol this is for you

Why an insurance project from a broking company instead of insurance company

Reasons

1. Networth is a registered insurance broking firm for all insurance companies from IRDA

life and non life.

2. Registered id is NIDSNR400.

3. Networth deposited Rs 50 lakhs, as security deposit with IRDA,

4. Why Security Deposit

As we deal with all insurance companies, we have a right to access every

companys data, like ICICI, HDFC..etc., we have registration IDs for each and EVERY

COMPANY. With that information we will suggest the products to the clients. If IRDA,

came to know that we are miss leading the clients, then we will lose our broking license

and we will loose deposit amount also.

A student can learn positive features of the insurance companies as well as negatives

of the companies.

Company Profile Insurance

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