- Fifth branch in Andhra Pradesh -
Secunderabad, July, 2004:
ICICI Prudential Life Insurance, India’s leading private life insurer, has
launched its office in Secunderabad, its second branch in the twin cities.
The new office, located at 4th Floor, Amsri Classic, S.D. Road is ICICI
Prudential’s fifth branch in the state, after those in Hyderabad, Guntur,
Vijayawada and Vizag.
Speaking at the inauguration, Mr. Mukesh Dhawan, Head – Agency Sales
(South & West), ICICI Prudential said, “As a leader amongst private life
insurers, we aim to expand our presence across the country in a systematic
manner. ICICI Prudential has already established a strong presence in
Southern India and we expect to see substantial growth in our business
from the Secunderabad branch”. ICICI Prudential is the No. 1 private life
insurance player in India, with 36% retail market share amongst all
private players. Andhra Pradesh is viewed as holding great potential for
the growth of the life insurance business, and with the expanded
operations, ICICI Prudential is confident of catering to the vast customer
base.
The new branch will also open up a host of job opportunities within the
sales and operations areas; as well as for those seeking to be life
insurance advisors. ICICI Prudential has already selected over 300
advisors in Secunderabad, and is recruiting more as the branch ramps-up
its activities.
In recent times, insurance has graduated from being viewed as a mere tax
saving tool, to a versatile protection-oriented and wealth creation
investment tool that also offers tax benefits. ICICI Prudential offers a
variety of need-based insurance solutions to suit the varied needs of
individuals at different stages in their lives – be it securing the future
of their families, asset accumulation, providing for their children, or
saving for their retirement. Each product can be customised to meet
specific life-stage requirements, and is sold after assessing the needs
and aspirations of the customers.
The company pioneered the highly flexible market-linked plans, which give
investors complete control over their policies – to change their
protection and investment levels, to switch between funds and other
benefits. LifeTime II, LifeLink II and retirement plans like LifeTime
Pension II and LifeLink Pension II are some such plans suitable for
long-term savings and asset accumulation. Smart Kid child plans are
another unique category of products that allow parents to plan and provide
for a child’s higher education, without leaving anything to chance. ICICI
Prudential has also introduced SecurePlus and CashPlus, two flexible and
feature-packed life insurance plans meant for those seeking protection and
savings. The company has a multi-channel distribution strategy to reach
customers. In addition to advisors, tie-ups with and referrals through
established banks are integral to the company’s goal to expand
distribution, and have yielded excellent results thus far.
