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ICICI Prudential Life Insurance Company Ltd.

BSE: 540133 Sector: Financials
NSE: ICICIPRULI ISIN Code: INE726G01019
BSE 15:02 | 26 Oct 405.15 -4.05
(-0.99%)
OPEN

414.00

HIGH

414.00

LOW

401.30

NSE 14:59 | 26 Oct 404.45 -4.25
(-1.04%)
OPEN

410.80

HIGH

414.25

LOW

401.25

OPEN 414.00
PREVIOUS CLOSE 409.20
VOLUME 56964
52-Week high 537.50
52-Week low 221.95
P/E 54.31
Mkt Cap.(Rs cr) 58,175
Buy Price 404.75
Buy Qty 22.00
Sell Price 405.10
Sell Qty 28.00
OPEN 414.00
CLOSE 409.20
VOLUME 56964
52-Week high 537.50
52-Week low 221.95
P/E 54.31
Mkt Cap.(Rs cr) 58,175
Buy Price 404.75
Buy Qty 22.00
Sell Price 405.10
Sell Qty 28.00

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

Company chairman speech

DEAR SHAREHOLDERS

Our mission at ICICI Prudential Life Insurance is to insure India by making lifeinsurance available to all and help them manage their financial risks. The sustainedprogress made by us during FY2020 in terms of covering more lives is a testimony to thefact that we are the preferred brand for serving the life insurance needs of ourcustomers.

FY2020 has been quite an eventful year. In India it started with headwinds for GDPgrowth significant variations in the equity market and finally the outbreak of theCOVID-19 pandemic. My heart goes out to all those families impacted by this outbreak. Thepandemic has had serious social and economic implications globally and its impact will befelt for some time to come.

ICICI Prudential Life has committed a sum of Rs100 million to help the nationfight this crisis. Besides our employees too have voluntarily contributed a part of theirsalaries. During the lockdown without compromising the health and safety of ouremployees we continued to serve the needs of our customers through our physicalinfrastructure and robust digital platform.

In this new normal our strong technology backbone disintegrated physical barriers andfacilitated all operations remotely. Our rationale behind investing in technology over theyears was empowering customers. I must say that it has yielded the desired results byenabling customers to transact in a contactless manner from the safety and comfort oftheir homes. Leveraging the country's digital eco-system we have digitalised salesprocesses permitting remote on-boarding of customers while being separated only by ascreen.

Being a future-ready Company supported by strong governance and ethics a robusttechnology backbone distribution network and a resilient balance sheet we are geared toexpand the protection and annuity market and help families manage their risks. Ourcustomer-centricity together with a comprehensive product portfolio award-winningcustomer service initiatives and best-in-class claim settlement ratio will give us an edgein this changed future.

Though the coming year is expected to be challenging we are confident of the country'sfundamentals and expect it to recover soon.

I thank all our stakeholders for their continued support and assure you that yourCompany will do the very best to overcome the challenges by leveraging our uniquestrengths.

Warm regards
M. S. RAMACHANDRAN

.