In India there is no dearth of self proclaimed ’’Finance Analyst’’ ’’Business Analyst’’ ’’Investment Consultant’’ and so on. Most of them are slightly educated and have limited exposure to Insurance or Equity or Mutual Fund markets masquerading under these titles and giving unsolicited misguidance.
To tell you the truth I am a part time ICICI Prudential Insurance Advisor from July 2003. I am servicing more than 200 clients and I have no complaints from any of them in any manner.
In case any if you have a problem it is mainly because you may be serviced by Corporate Agents (Who deal with all Insurance Companies) or Bankassurance(Insurance serviced by the Banks) channels. For the best service it is always better to go through Individual Advisors in your areas.
ICICI Prudential was the first Insurance company to provide every customer an User ID and Password to enable them to access their policy information online. Your current ’’Fund value’’ is indicated there and you can calculate for yourself what company has charged for Admin & other charges. The customer can take a print out of the statement.
Everything is transperant and in unit linked schemes you can switch your fund from Equity to Debt or Balanced funds or otherway freely (4 times)
Now every Insurance Company including LIC are trying to emulate the same plans & procedures.
What better compliment can the company get than thiis ?
Following are the Highlights for those who are scared about the safety of their Money :
Growing Funds Under Management
ICICI Prudential crossed the milestone of Rs. 7, 000 crore of funds under management, making our FUM base the largest amongst private sector insurers in India. In fact, our linked FUM as on January 31, 2006 stood at Rs 5332 crore, a lead of Rs 3665 crore over Bajaj Allainz. As you are aware, a growing FUM base reflects the inherent safety of the funds as far the average investor is concerned and hence is an apt indicator of the sustainability of a life insurance company.
2 million policies
ICICI Prudential is the only private life insurer to have a policy base of more than 2 million. This is a clear indication of the magnitude of business that we have achieved in a short span of less than six years. This milestone is an indicator of the robustness and scalability of our business processes – distribution, underwriting, service, etc. We have been able to realise economies of scale and bring down the expense ratio, an important parameter from the profitability point of view. Last, but not least, since the pooled mortality and investment risks are spread over a larger base, the overall risk for the company, and hence policyholders, is reduced.
Fitch AAA Rating
ICICI Prudential is the only life insurer in India to receive a National Insurer Financial Strength rating of AAA (Ind) by Fitch Ratings. The AAA rating is the highest credit rating, and is a clear assurance of ICICI Prudential’s ability to meet its obligations to customers at the time of maturity or claims.
Recently ICICI Prudential were ranked the ‘Most Trusted Private Life Insurer’ in The Economic Times’ ‘Brand Equity Most Trusted Brands’ survey for the third year in a row. This achievement is a testimony of the continued faith and confidence our customers have in us and the power of the ICICI Prudential franchise.
Please call the Independent Insurance advisor for all your requirements.
GSS