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    Icici

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    Raju Mahato
    This document provides a financial analysis of ICICI Prudential Life Insurance company. It discusses the company's products, achievements, sources of finance and compares its financials to other companies in the sector. The analysis finds that the company has been performing better year-over-year but could improve further by reducing charges to customers, better managing funds, and providing more transparency through annual reports.

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    Icici

    Uploaded by

    Raju Mahato
    54 views30 pages
    This document provides a financial analysis of ICICI Prudential Life Insurance company. It discusses the company's products, achievements, sources of finance and compares its financials to other companies in the sector. The analysis finds that the company has been performing better year-over-year but could improve further by reducing charges to customers, better managing funds, and providing more transparency through annual reports.

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    This document provides a financial analysis of ICICI Prudential Life Insurance company. It discusses the company's products, achievements, sources of finance and compares its financials to other companies in the sector. The analysis finds that the company has been performing better year-over-year but could improve further by reducing charges to customers, better managing funds, and providing more transparency through annual reports.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    54 views30 pages

    Icici

    Uploaded by

    Raju Mahato
    This document provides a financial analysis of ICICI Prudential Life Insurance company. It discusses the company's products, achievements, sources of finance and compares its financials to other companies in the sector. The analysis finds that the company has been performing better year-over-year but could improve further by reducing charges to customers, better managing funds, and providing more transparency through annual reports.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 30

    FINANCIAL ANALYSIS OF

    AMIT KUMAR 3020070044 RR1709B34 BBA-MBA(5TH)

    Contents
    About insurance. Some major players in private sector. About ICICI prudential life insurance co. Products. Achievements Financial management. Financial comparison with other company. My work. Objective of the study. Sources of finance. Financial analysis of company. Findings. Limitations. Recommendations.

    Insurance
    Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed and known small loss to prevent a large, possibly devastating loss.

    Major players

    Joint venture b/w ICICI bank & prudential life insurance company. ICICI bank has 76% of stake & rest is of prudential. ICICI bank is Indias 2nd largest bank.

    Prudential is international headquarter in U.K.

    financial

    service

    group

    having

    It started its operations in December 2000, after getting approval by IRDA & today this is the no. 1 co. in private sector in India.

    ICICI Prudential Life is all about

    Total Protection

    Life

    Recent achievement

    unaudited earnings Rs. 36,340 million. Partnership with McLeod Russel India. Company has opened new 1375 offices in 2008. India's Most Customer Responsive Insurance Company. Prudence Customer Centricity Award 2007 & 2008 Prudential Corporation Asia.

    products ICICI Prudential Life Insurance offers a range of innovative, customer-centric products that meet the needs of customers at
    every life stage. Its products cab is enhanced with up to 6 riders, to create a customized solution for each policyholder.
    Products -Savings Solutions. -Protection Solutions. -Child Solutions. -Market-linked Solutions. -Retirement Solutions.

    -Health solutions.

    Riders -Accident & disability benefit -Accident benefit -Critical Illness Benefit -Major Surgical Assistance Benefits -Income Benefit -Waiver of Premium

    Financial management of ICICI prudential

    Finance function in ICICI Prudential is committed to create an infrastructure that is aligned to shareholder expectations. Basically it includes four functions:
    Preparation and maintenance of financial records. Funds management. Expense processing. Treasury operations.

    Allocation charges
    Contribution related charges. Administrative charges. Fund management charges. Mortality charges. Rider charges. Surrender charges. Bid offer charges. Transactional specific charges.

    Financial comparisons with competitors

    My work
    Preparation for IRDA exam. Cleared IRDA exam. Attending AIP classes. Telecalling. Selling policies.

    Objectives of the Study


    To know the financial position of the company using ratios. To see the change of the companys assets and liability from 2007 to 2008 using comparative and common size statement. To find out the sources used by the company to finance their activities.

    Sources of fund
    Equity shares is Rs. 326,277 Million which is 67%of total assets. Debt is Rs. 160,458 Million which is 33% of total assets.

    Common size balance sheet

    The current liability and provisions have increased from 2.40% to 3.59%. The loan and advances has decreased from 0.12% to 0.06%.

    Current assets has increased by 6.00%.

    Comparative balance sheet

    Reserves and surplus has increased by Rs. 161193 which is 54%. Cash and bank balance has increased by 21.75%.

    Current liability have increased by 38.14%.


    Provision have increased by 62.66%.

    Findings
    More charges is taken from customers. Company may face problems to pay their short term liability.

    Company was not earning the profit till 2008.


    Company is doing better this year as compare to previous year.

    limitations
    Limited time. Company doesnt provide annual report. Lack of accurate data. No cooperation by financial department to trainee.

    Swot analysis

    Brand image

    Strength

    Money power,
    larger network branches,

    large portfolio (in built fund hedge),


    price competitive products and

    low upfront charge

    Weakness

    Little product differentiation. Most of the plans too complicated to understand. More centered in urban areas. More allocation charges.

    Opportunity
    Insurance coverage both to the parent & children in one plan. Leverage the customer base of bancassurance partner.

    Rural market.

    Threats
    Players like Bajaj Allianz with low premium for same plan. LIC offering huge surplus in life fund. New entrance.

    Recommendations
    Company should care about fund management so that it can do better in future. Should take less charges from customers.

    Should provide annual report.


    Should cooperate with trainee & give proper knowledge to them.

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