Page 120 - DMGT512_FINANCIAL_INSTITUTIONS_AND_SERVICES

Unit 8: Insurance Sector

Insurance Industry. With the focus on Investment Linked Insurance Products, supported with Notes
protection products to maintain leadership in product innovation, it relies on Multi Distribution
Channels like Direct Sales Force, Alternate Channels and Group offering convenient channels of
purchase to customers. BSLI was the first to have issued policies over the Internet and to have an
operational Business Continuity Plan.
BSLI works with a mission to help people mitigate risks of life, accident, health and money at all
stages and under all circumstances and also to enhance the financial future of its customers,
including enterprises.

HDFC Standard Life Insurance Company Limited

HDFC Standard Life Insurance Company Ltd. is one of India's leading private insurance
companies, which offers a range of individual and group insurance solutions. It is a joint venture
between Housing Development Finance Corporation Limited (HDFC Limited), India's leading
housing finance institution and a Group Company of the Standard Life Plc, UK.

HDFC Standard Life Insurance Company has a range of individual and group solutions, which
can be easily customised to specific needs. Their group solutions have been designed to offer
complete flexibility combined with a low charging structure.

ICICI Prudential Life Insurance Company

ICICI Prudential Life Insurance Company is a joint venture between ICICI Bank — one of India's
foremost financial services companies-and Prudential plc — a leading international financial
services group headquartered in the United Kingdom. Total capital infusion stands at 47.80
billion, with ICICI Bank holding a stake of 74% and Prudential plc holding 26%.
The company began its operations in December 2000 after receiving approval from Insurance
Regulatory Development Authority (IRDA). Today, their nationwide team comprises of 2099
branches.

ICICI Prudential is the first life insurer in India to receive a National Insurer Financial Strength
rating of AAA (Ind) from Fitch ratings. As obvious, the company has a commitment to deliver
world-class financial solutions to customers all over India.
ING Vysya Life Insurance Company Limited

ING Vysya Life Insurance Company Limited is a global financial institution of Dutch origin
offering banking, insurance and asset management to over 85 million private, corporate and
institutional clients in over 40 countries. In India, it started its business in September, 2001. With
a diverse workforce of approximately 125,000 people, ING is dedicated to setting the standard in
helping our clients manage their financial future.
ING Life follows a "customer centric approach" while designing its products. The Company's
product portfolio offers products that cater to every financial requirement, at all life stages. ING
Life has developed an exclusive tool - the LifeMaker, a simple tool which helps the customers
choose a plan most suitable to them, based on their needs, requirements and current life stage.
This tool helps build a complete financial plan for life at every lifestage, whether the requirement
is Protection, Savings, Retirement or Investment.

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