ICICI Bank,ICICI Prudential,ICICIdirect.Com,ICICIbank.Com,ICICI Direct,ICICI Credit Card,ICICI Lombard,ICICI Internet Banking Bank Account,ICICI Mutual Fund,ICICI Money2india,
ICICI Prudential Life Insurance Co.
ICICI Prudential is the first private sector insurance co. to begin operations in December 2000 after receiving approval from IRDA.
ICICI Bank has 74% stake in the company, and
Prudential plc has 26%.
ICICI Prudential Life Insurance, the leader in the private life insurance segment has registered a 127 percent growth in new business premium from April-December '04.
ICICI Prudential has 70 Offices in 68 Cities and MARKET SHARE of
Among all life insurers including LIC is 6.3%.
TOTAL NUMBER OF POLICIES SOLD
More than 10,00,000 Policies
*** ICICI Prudential's POLICIES ***
ICICI Prudential SAVE N PROTECT : Endowment Plan
ICICI Prudential CASH BAK : Money Back Plan
ICICI Prudential SECURE PLUS : Flexible Endowment Plan
ICICI Prudential CASH PLUS : Flexible Money Back Plan
ICICI Prudential SMART KID : Child Plan
ICICI Prudential SMART KID : Child Plan ULIP
ICICI Prudential LIFE GUARD (ROP) : Term Plan
ICICI Prudential LIFE GUARD (WROP) : Term Plan
ICICI Prudential LIFE GUARD (SP) : Term Plan
ICICI Prudential FOREVER LIFE : Pension Plan
ICICI Prudential LIFE TIME PENSION II : Pension Plan ULIP
ICICI Prudential LIFE LINK PENSION II : Pension Plan ULIP
ICICI Prudential SECURE PLUS PENSION : Pension Plan
ICICI Prudential LIFE TIME : Regular Premium ULIP
ICICI Prudential LIFE TIME II : Regular Premium ULIP
ICICI Prudential PREMIER LIFE : Regular Premium ULIP
ICICI Prudential LIFE LINK : Single Premium ULIP
ICICI Prudential INVEST SHEILD LIFE : Capital Guaranteed ULIP
ICICI Prudential INVEST SHEILD GOLD : Capital Guaranteed ULIP
ICICI Prudential INVEST SHEILD CASH : Capital Guaranteed ULIP
ICICI Prudential INVEST SHEILD PENSION : Capital Guaranteed ULIP
ICICI Bank India,ICICI Debit Card,ICICI Home Loan,ICICI,ICICI Personal Loan,Credit Card Bank,Bank Loan,Bank Loans,ICICI Life Insurance,ICICI Car Loan,ICICI Home Loans,ICICI Bank,ICICI Bank In India,ICICI Money Transfer,ICICI Bank Credit Card,Bank,ICICI Bank Home Loans,ICICI Bank Home Loan,Bank Account,ICICI Bank Credit Cards,ICICI Internet Banking,Bank Credit Cards,ICICI Home Finance,ICICI Bank Bangalore,ICICI Personal Loans,ICICI Car Loans,Hdfc
Accelerated payment of basic cover
This occurs when the basic cover amount is paid earlier than death or maturity. For example the policy may provide for the full payment of the death benefit in the event of total and permanent disability.
Accident
The term accident is sometimes defined in the policy document as follows - the accident must be caused by violent, external and visible means and cause of the injury or injuries solely and independently of any other means.
Accidental death benefit
Benefit, which provides for the payment of an additional sum (usually equal to the sum insured of the basic policy) in the event of death by an accident.
Amount Payable
This refers to the amount that is payable according to the terms and conditions of the insurance policy to the legal owner of the insurance policy.
Annuitant
The person whose lifetime is used to measure the contractual period over which annuity payments will be made.
Annuity
Annuity contract is an agreement under which the insurance company, in return for the payment of a certain sum, makes a series of agreed payments at regular intervals from a fixed date. This continues until the death of the individual on whose life the annuity is bought.
Annuity Period
The time span between each of the annuity income benefit payments made under the annuity contract. Typically annuity income benefits are paid monthly or annually.
Anticipated Endowment
An endowment where you do not have to wait for the maturity date before receiving part of the maturity amount.
Applicant / owner / life of another
The applicant is the person on whose life insurance cover is sought. Owner is the person who has the legal title to the policy. Life of another on whose life he or she has an insurable interest.
Application for reinstatement
This refers to an event when a policy has lapsed or terminated by the policy owner owing to a non-payment or late payment of a premium. The company will consider a reinstatement of the contract in the event of an application being made as prescribed by the company in terms of the outstanding premium, interest or administration fees (if any) and evidence of good health. The reinstatement and terms are at the discretion of the company.
Appreciation
The increased value of one asset held by the policy, or by the total assets held by the policy over a period of time.
Ask or offer price
The price at which units or shares can be purchased. The asked or offering price means the current net asset value (NAV) per share plus sales charge, if any. For a no - load fund, the asked price is the same as the NAV.
Asset allocation
A system method of investing that distributes assets to a broad array of investments
Assets
The current rupee value of the pool of money shareholders have invested in a fund.
Assignments
This is the process by which, the owner of the rights under the policy known as the assignor transfers the right to another person known as the assignee by executing a deed of assignment.
Balanced fund
A fund that maintains a balanced portfolio, generally 60% bonds or preferred stocks and 40% commons stocks.
Bear market
A period of time in which the market, or securities in general lose money.
Benchmark
A reference point that is chosen for the purposes of comparing other related values.
Beneficiary
The person or party the owner of a life insurance policy names to receive the policy benefit.
Bid or sell price
The price at which a funds units or shares are redeemed (bought back) by the fund. The bid or redemption price means the current net asset value per share, less any redemption fee or back end load.
Bid / offer spread
The difference between the bid and the offer prices.
Blue chip stock fund
A fund that consists of a portfolio of large or well known companies for the purposes of achieving growth.
Body mass index (BMI)
Used for underwriting purposes in evaluating build and determining overweight and obesity. It tells us the person's health constitution. It is expressed as weight in Kg divided by height in meters to the power of two or Kg/height2
Bond
A bond is security in the form of a convertible loan with a maturity date, where the investor lends money to a company or government.
Bull market
A good market in which prices of securities increase greatly over a specific period of time.
Capital Gains Taxes
Taxes that are imposed at the redemption of all capital gains.
Capitalization
The value of a fund derived by the multiplication of the fund's share price by the number of outstanding shares. Most often, this is applied in order to determine the value of the specific companies.
Cash Surrender Value The amount that is available to the owner if a life insurance policy is surrendered any time before the maturity date. The amount represents the cash value minus surrender charges and any outstanding loans due upon cancellation of the policy.
Claim Written request by an insured for the insurance company to cover an incurred loss, usually submitted on the company's standard form.
Claimant
Person who has as interest in the policy and making a claim on the policy.
Closed end fund
A type of fund that offers only a fixed amount of shares, usually sold through a brokerage firm by a broker. Most funds are not closed - end funds; they offer unlimited shares and may be purchased and redeemed directly by the individual through the mail by check.
Closing price
The price of stock or other security at the end of the day, after the final trade.
Collateral
A temporary assignment of the monetary value of a life insurance policy as security for a loan. In the event of default, the creditor would receive proceeds or values only to the extent of his interest.
Commisson
A fee paid by the investor to a broker or other sales agent for investment advice and assistance.
Compounding
Earnings on an investment's earnings. Over time, compounding can produce significant growth in value of an investment.
Contractual obligation
When parties effect a contract, there are obligation that the parties assume and are legally bound to fulfill these obligations. If there are not fulfilled, the other part can resort to legal means to seek redress.
Coroner
The coroner is the person who is legally authorized by the government to determine the cause of death, when this is in doubt, or if there has been death which is not deemed to be due from normal illnesses. He or she does it by examining the evidence submitted including autopsy or post mortem reports, medical reports and statements from witnesses. The coroner is usually a magistrate or someone who possess legal qualification.
Cover Continuance Option (CCO)
An option available on specified unit linked polices, where the policy holder can choose to discontinue his premium payments after having made premium payments regularly for at least three years. In such cases, the life cover of the policy remains as is, in spite of the premium payments being discontinued. The life cover will continue till the value of the policy funds becomes 110% of the annual premium.
Date of commencement
The date on which cover begins, following acceptance of the risk by the insurer.
Dating Back
For non investment linked policies, the commencement date of the policy can be backdated within the same financial year. This enables the life assured to take advantage of the lower premium applicable to a younger age as the premiums is calculated with reference to the date of commencement. The insurance cover will however begin only from the date of acceptance. The extra premium on account of dating back has to be paid upfront.
Death Benefit Payable
The amount payable, as stated in a life insurance policy, to the designated beneficiary(ies) upon the death of the insured. The amount paid is the face value, plus any riders that are applicable, less any outstanding loans.
Partnership Insurance
Cross-insuring partners in a partnership business to effect a buyout of the deceased partner's family from the business.
Physical hazards
Features or facts that can be observed or evaluated. This includes reports from agents, medical consultants or through investigations
Policy Bonus
In participating policies the company gives the policyholders a share in the profits of the company in the form of bonuses.
Generally, there are two types of bonuses for insurance policies. Reversionary bonus is a guaranteed addition to your insured amount and is paid when the policy matures (i.e. when the sum assured becomes payable) or when the life assured dies. Cash Bonuses are paid out at periodical intervals.
Policy face amount
This refers to the amount stated in the policy payable in the event of death or maturity.
Policy loans
Loans are granted on the security of the surrender value if a policy. The amount is usually restricted to a certain percentage of the surrender value and interest is payable. Loans can be repaid at any time before the policy becomes a claim, when the total indebtness is deducted and the balance is paid. If the total indebt ness exceeds the surrender value, then the policy is declared as terminated and the indebt-ness is written off.
Policy Term
The period of coverage provided by an insurance policy.
Portfoilo
The collection of all holdings of a fund, such as bond's and stocks. In a fund's annual report, a list of the fund's current portfolio will usually be contained
Portfolio Manager
A specialist employed by a fund's advisor to invest the fund's assets in accordance with pre determined investment objectives
Premium
This is the contribution / payment that a policyholder makes to a life insurance company to obtain insurance cover. He or she has a responsibility to ensure that the correct amount states is paid as and when it falls due as stated in the policy document.
Premium waiver
This refers to all premiums due after the incident of claim is waived without any loss of benefits whatsoever unless specifically stated.
Principal
The total amount of the initial investment plus subsequent investments.
Prospectus
A document, usually in the form of a booklet, that provides information about a specific mutual fund; such as the funds investment and the redemption policies. The prospectus, according to law, must always is accompanied with the application. Prospective investors should always read the mutual fund's prospectus before sending money.
Purchase money
This is the initial amount paid to the insurance company to purchase the annuity.
Pure endowment
An endowment, which provides for the payment of the sum insured only on survival to the maturity date. On earlier death, nothing is usually paid out although some contracts may provide for the premiums paid to be refunded either with or without interest, after deducting appropriate expenses incurred.
Loyal Mart