Submitted by: Submitted by jainamshah09
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Date Submitted: 09/04/2012 08:58 AM
Company Profile
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ICICI Prudential Life Insurance Company is a joint venture between ICICI Bank, a premier financial powerhouse and prudential plc, a leading international financial services group headquartered in the United Kingdom. ICICI Prudential was amongst the first Private Sector Insurance Companies to begin operations in December 2000 after receiving approval from Insurance Regulatory Development Authority (IRDA).
ICICI Prudential's equity base stands at Rs. 9.25 billion with ICICI Bank and Prudential plc holding 74% and 26% stake respectively. In the financial year ended March 31, 2005, the company garnered Rs 1584 Crore of new business premium for a total sum assured of Rs. 13,780 Crore and wrote nearly 6,15,000 policies. The company has a network of about 56,000 advisors; as well as 7 Banc assurance and 150 corporate agent tie-ups. For the past four years, ICICI Prudential has retained its Position as the No. 1 Private Life Insurer in the country, with a wide range of flexible Products that meet the needs of the Indian customer at every step in life.
➢ SOME FACTS :
1. Life Insurance Company (LIC) invested 26% in ICICI Prudential Company.
1. Over 2,70,000 Financial Advisors which includes brokers, housewives, Chartered Accountants, retired Persons, Businessmen, Graduate and Undergraduate Students etc.
2. Over 16 million customers across the globe.
3. Present in 14 countries throughout Asia.
4. 75 years of experience in Asia. .
5. Given Insurance to Titanic that sank.
6. Prudential sponsored Cricket World Cup in 1983.
HUMAN RESOURCE PLANNING
Human resource planning is the process of anticipating and carrying out the movement of people into, within, and out of the organisation. Human resource planning is done to achieve the optimum use of human resources and...