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ICICI Prudential Life Insurance Company Ltd.

BSE: 540133 Sector: Financials
NSE: ICICIPRULI ISIN Code: INE726G01019
BSE LIVE 15:49 | 21 Nov 397.30 8.90
(2.29%)
OPEN

390.00

HIGH

407.00

LOW

389.80

NSE 15:58 | 21 Nov 397.85 8.60
(2.21%)
OPEN

390.00

HIGH

406.40

LOW

389.80

OPEN 390.00
PREVIOUS CLOSE 388.40
VOLUME 264125
52-Week high 507.90
52-Week low 281.10
P/E 42.00
Mkt Cap.(Rs cr) 57,031
Buy Price 397.30
Buy Qty 475.00
Sell Price 0.00
Sell Qty 0.00
OPEN 390.00
CLOSE 388.40
VOLUME 264125
52-Week high 507.90
52-Week low 281.10
P/E 42.00
Mkt Cap.(Rs cr) 57,031
Buy Price 397.30
Buy Qty 475.00
Sell Price 0.00
Sell Qty 0.00

ICICI Prudential Life Insurance Company Ltd. (ICICIPRULI) - Chairman Speech

Company chairman speech

our customer-focussed approach encompasses products distribution customer service andclaims settlement activities designed to provide a superior experience to our customers

Dear shareholders

The global economic environment continued to be volatile during fiscal 2017 withseveral key developments like the United Kingdom's decision to withdraw from the EuropeanUnion and the presidential elections in the United States. Global economic growthcontinued to remain moderate with both developed as well as emerging market economieswitnessing a slowdown in growth.

Closer home India continued to see improvement in macroeconomic conditions during theyear. Several structural reforms were initiated by the Government that are expected toprovide an impetus to long-term sustainable growth in the economy. The withdrawal of highdenomination currency notes led to a sharp increase in financial savings in the economyand gave a significant boost to digital transactions. It is noteworthy that the entirenation and the financial industry in particular demonstrated significant resilienceduring the transition period and returned to normalcy within a short time. The enactmentof legislation for the Goods & Services Tax during fiscal 2017 has paved the way forthe implementation of this far-reaching tax reform in fiscal 2018.

Today there is a growing realisation of the benefits of financial protection among theyoung working population. Insurance penetration is also being augmented by theGovernment's initiatives in promoting life insurance among different sections of thepopulation. Considering the under-penetration of financial protection in India at largethe importance of the life insurance industry continues to grow. ICICI Prudential Liferemains a key participant in this space being the largest private sector insuranceCompany and will continue to support the needs of an aspiring population.

Our customer-focussed approach encompasses products distribution customer service andclaims settlement activities designed to provide a superior experience to our customers.Financial transactions are undergoing a transformation with the emergence of severaldigital solutions. ICICI Prudential Life has used technology to offer greater convenienceto our customers and improve the overall experience of purchasing life insurance. Ourdistributors have also been empowered through a device-agnostic

chanda Kochhar

Chairperson

digital platform which enables them to provide services to customers at theirdoorstep almost equivalent to a branch visiting the customer. ICICI Prudential Life hasbeen making efforts to bridge the protection gap in the country. We will continue to focuson providing financial security to the families of our customers. It is a promise we maketo the customer of providing financial security to their loved ones when they are notaround.

Fiscal 2017 was a landmark year for ICICI Prudential Life as it became the first Indianinsurer to be listed on the Indian stock exchanges. For a Company to get listed is a oncein a lifetime event and the response we have received from our investors has strengthenedour belief that our hard work and sustained efforts to provide financial protection tomillions of customers has been appreciated.

I thank you all for your trust and faith in ICICI Prudential Life. Going forward wewill continue to focus on increasing the protection levels in the country meeting thediverse needs of our customers and creating sustainable value for all our stakeholders.

Warm regards