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ICICI Prudential Life Insurance Company Ltd.

BSE: 540133 Sector: Financials
NSE: ICICIPRULI ISIN Code: INE726G01019
BSE 00:00 | 25 Jun 380.95 -8.90
(-2.28%)
OPEN

389.80

HIGH

391.60

LOW

380.00

NSE 00:00 | 25 Jun 380.40 -9.25
(-2.37%)
OPEN

389.50

HIGH

391.55

LOW

379.80

OPEN 389.80
PREVIOUS CLOSE 389.85
VOLUME 42152
52-Week high 507.90
52-Week low 363.00
P/E 33.77
Mkt Cap.(Rs cr) 54,688
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 389.80
CLOSE 389.85
VOLUME 42152
52-Week high 507.90
52-Week low 363.00
P/E 33.77
Mkt Cap.(Rs cr) 54,688
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

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

Company chairman speech

Dear Shareholders

The year 2017 witnessed broad-based improvement in most global economies driven byfavourable macro trends like tight labour markets resurgent housing sector better accessto credit and ending of household deleveraging cycle. Financial markets too deliveredstrong returns across the world on the back of stable earnings performance and gradualtightening of monetary policies in advanced economies. Following this broad-basedimprovement the International Monetary Fund (IMF) raised its global growth estimates for2018 and 2019 to 3.9%.

India continued to drive reforms across sectors to improve transparency and boostinvestments in our country. One such revolutionary reform was the Goods and Services Tax(GST). Implementation of this new tax mechanism resulted in some transitory pain for a fewmonths. The Indian economy though remained on strong footing and is likely to post GDPgrowth of 6.6% in 2017-18. Apart from growing the Government's revenues this landmarkreform has also led to higher formalisation across sectors and has given further impetusto the process of increasing financial savings of households which was kick- started bydemonetisation. Banks and other financial intermediaries are the key beneficiaries ofthese measures.

The significant growth opportunity for protection products in India can be outlined bytheir far lower penetration here than the global average. Rapidly growing workingpopulation rising awareness of the benefits of protection products and steadilyincreasing affluence are some of the macro enablers for the sector in India. Given itsdominant position in the private life insurance sector ICICI Prudential is poised well toparticipate in and drive this growth.

At ICICI Prudential Life customer centricity forms the backbone of everything we do.From designing products that meet a range of customer requirements to providing prompt andefficient support and claims settlements our Company

is dedicated to enhancing user experience. Our robust and advanced digital processesdrive customer convenience and enable us to cater to their evolving needs in an efficientmanner. Our digital ecosystem empowers us in not just acquiring new policyholders butalso in delivering value to them by providing financial security to their families whenneeded.

Our business is built on the strong foundations of trust and transparency which for usare about designing simple and convenient products and ensuring they deliver timely andlong-term benefit. We will continue to move forward on the journey of serving our largecustomer base efficiently increasing protection levels in the country and creatingsustainable value for all our stakeholders.

I thank you all for your trust and faith in ICICI Prudential Life.

Warm Regards

Chanda Kochhar