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Story - ICICI Prudential's success story

ICICI Prudential's success story It is a real life story. A story of an insurer that has managed to hold on to its lead in the marketplace for seven years. ICICI Prudential, a joint venture between ICICI Bank   and Prudential UK, has been around ever since the private sector was allowed to sell life insurance policies.   Since then the tribe of life insurers has grown from 12 to 16, but ICICI still leads the private sector pack. With a portfolio of over 6.5 million policies, India's biggest private sector life insurer has not merely held on to its share but grown it; at the end of January 2008, the firm commanded 29 per cent of the share owned by private sector players. Quite some way below was Bajaj Allianz with 21 per cent, while State Bank of India   came in third with 10 per cent. How did ICICI achieve that? Says Ashvin Parekh, national leader, financial services, Ernst & Young, "Their strategy has been to grow the portfolio large enough so that there is
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MetLife Insurance

MetLife, Inc. is a leading provider of insurance and financial services with operations throughout the Americas, Asia Pacific and Europe. Through its affiliates, MetLife, Inc. is the largest life insurer in the United States 1 with over 139 years of experience. The MetLife companies offer life insurance, annuities, automobile and home insurance, retail banking and other financial services to individuals, as well as group insurance, reinsurance and retirement and savings products and services to corporations and other institutions, reaching more than 70 million customers around the world. A leader in-group benefits, the MetLife companies serve 88 of the top 100 FORTUNE 500 companies and are ranked #1 in-group life and #1 in commercial dental in the U.S. More than 61,000 employers now offer MetLife products to their employees, enabling those employees to provide protection and security for themselves and their families. MetLife India Insurance Company Private Limited was incorporated
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Annual Premium Rates-Term Plan

Term life insurance is the original form of life insurance and is considered pure insurance protection because it builds no cash value. Term life insurance provides coverage for a limited period, the relevant term. After that period, the insured can drop the policy or pay annually increasing premiums to continue the coverage. If the insured dies during the term, the death benefit will be paid to the beneficiary. Term insurance is often the most inexpensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis. This is purely risk protection. Below the comparative chart of premium (without return of premium Option) for a 25-Year-old person for a sum assured of 1000000 for a term of 20 years. Insurer (Insurance Provider) Premium Comments (Riders- Accidental death & Disability, Weaver of Premium, Critical Illness) Bharti AXA Life Insurance 2620 No Riders SBI Life Insurance
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