ICICI Prudential Life Insurance Company Limited
Statement of Standalone Audited Results for the quarter ended June 30, 2021
(` in Lakhs) | ||||||
Three months ended/at | Year ended/at | |||||
Sr | Particulars | |||||
No. | June 30, 2021 | March 31, 2021 | June 30, 2020 | March 31, 2021 | ||
(Audited) | (Audited) | (Audited) | (Audited) | |||
POLICYHOLDERS' A/C | ||||||
1 | Gross premium income | |||||
(a) | First Year Premium | 88,026 | 202,932 | 62,754 | 518,720 | |
(b) | Renewal Premium | 413,746 | 691,262 | 413,980 | 2,250,676 | |
(c) | Single Premium | 185,227 | 315,867 | 97,938 | 803,886 | |
2 | Net premium income1 | 660,185 | 1,187,928 | 555,107 | 3,497,337 | |
3 | Income from investments: (Net)2 | 921,027 | 714,277 | 1,306,718 | 4,743,758 | |
4 | Other income | 2,434 | 2,279 | 2,283 | 9,340 | |
5 | Transfer of funds from Shareholders' A/c | 88,759 | 59,369 | 41,634 | 157,478 | |
6 | Total (2 to 5) | 1,672,405 | 1,963,853 | 1,905,742 | 8,407,913 | |
7 | Commission on | |||||
(a) | First Year Premium | 15,824 | 36,064 | 12,216 | 93,061 | |
(b) | Renewal Premium | 7,451 | 12,437 | 7,165 | 39,833 | |
(c) | Single Premium | 2,440 | 4,777 | 635 | 10,107 | |
8 | Net Commission3 | 27,056 | 55,757 | 20,674 | 150,022 | |
9 | Operating Expenses related to insurance business (a+b+c): | |||||
(a) | Employees remuneration and welfare expenses5 | 29,129 | 32,483 | 21,166 | 99,246 | |
(b) | Advertisement and publicity | 25,497 | 33,740 | 10,564 | 91,428 | |
(c) | Other operating expenses | 22,167 | 19,152 | 17,660 | 78,152 | |
10 | Expenses of Management (8+9) | 103,849 | 141,132 | 70,064 | 418,848 | |
11 | Provisions for doubtful debts (including bad debts written off) | 97 | 111 | 66 | 366 | |
12 | Provisions for diminution in value of investments | - | - | 2,012 | 2,012 | |
13 | Goods and Service tax charge on linked charges | 15,886 | 18,166 | 14,328 | 65,464 | |
14 | Provision for taxes (a+b) | - | 5,967 | 2,270 | 14,185 | |
(a) | Current tax | - | 5,967 | 2,270 | 14,185 | |
(b) | Deferred tax | - | - | - | - | |
15 | Benefits Paid 4 (Net)1 | 566,759 | 831,762 | 259,612 | 2,264,090 | |
16 | Change in actuarial liability | 970,312 | 913,661 | 1,494,275 | 5,432,410 | |
17 | Total (10+11+12+13+14+15+16) | 1,656,903 | 1,910,799 | 1,842,627 | 8,197,375 | |
18 | Surplus/(Deficit) (6-17) | 15,502 | 53,054 | 63,115 | 210,538 | |
19 | Appropriations | |||||
(a) | Transferred to Shareholders | 28,927 | 47,557 | 64,614 | 198,486 | |
(b) | Funds for Future Appropriations | (13,425) | 5,497 | (1,499) | 12,051 | |
20 | Details of Surplus/(Deficit) | |||||
(a) | Interim bonus paid | 3,526 | 3,865 | 1,811 | 11,623 | |
(b) | Allocation of bonus to policyholders | - | 60,824 | - | 60,824 | |
(c) | Surplus shown in the Revenue Account | 15,502 | 53,054 | 63,115 | 210,538 | |
Total Surplus | 19,028 | 117,743 | 64,926 | 282,985 | ||
SHAREHOLDERS' A/C | ||||||
21 | Transfer from Policyholders' Account | 28,927 | 47,557 | 64,614 | 198,486 | |
22 | Total income under Shareholders' Account | |||||
(a) | Investment Income | 39,860 | 25,923 | 12,742 | 76,868 | |
(b) | Other income | 54 | (32) | 17 | 28 | |
23 | Expenses other than those related to insurance business5 | 2,456 | 2,452 | 1,762 | 6,115 | |
24 | Transfer of funds to Policyholders A/c | 88,759 | 59,369 | 41,634 | 157,478 | |
25 | Provisions for doubtful debts (including write off) | (791) | 260 | - | 791 | |
26 | Provisions for diminution in value of investments | - | - | 2,858 | 2,858 | |
27 | Profit/ (loss) before tax | (21,583) | 11,367 | 31,119 | 108,140 | |
28 | Provisions for tax (a+b) | (3,010) | 4,989 | 2,360 | 12,125 | |
(a) | Current tax (credit)/charge | - | 4,989 | 2,360 | 12,125 | |
(b) | Deferred tax (credit)/charge | (3,010) | - | - | - | |
29 | Profit/(loss) after tax and before extraordinary items | (18,573) | 6,378 | 28,759 | 96,015 | |
30 | Extraordinary Items (Net of tax expenses) | - | - | - | - | |
31 | Profit/(loss) after tax and extraordinary items | (18,573) | 6,378 | 28,759 | 96,015 | |
32 | Dividend per share (`) (Nominal Value ` 10 per share): | |||||
(a) | Interim Dividend | - | - | - | - | |
(b) | Final Dividend | - | 2.00 | - | 2.00 | |
33 | Profit/(Loss) carried to Balance Sheet | 313,775 | 361,078 | 293,822 | 361,078 | |
34 | Paid up equity share capital | 143,659 | 143,597 | 143,587 | 143,597 | |
35 | Reserve & Surplus (excluding Revaluation Reserve) | 659,334 | 704,377 | 636,745 | 704,377 | |
36 | Fair value Change Account and revaluation reserve | 45,631 | 63,912 | (809) | 63,912 | |
37 | Total Assets: | |||||
(a) | Investments: | |||||
- Shareholders' | 924,144 | 1,009,016 | 717,036 | 1,009,016 | ||
- Policyholders Fund excluding Linked Assets | 6,684,791 | 6,357,256 | 5,109,160 | 6,357,256 | ||
- Assets held to cover Linked Liabilities | 14,508,545 | 13,854,914 | 11,025,111 | 13,854,914 | ||
(b) | Other Assets (Net of current liabilities and provisions) | 132,884 | 128,759 | 108,993 | 128,759 | |
- Net of reinsurance
- Net of amortisation and losses (including capital gains)
- Inclusive of rewards and/or remuneration to agents, brokers or other intermediaries
- Inclusive of interim bonus
- Inclusive of remuneration of MD/CEOs/ WTDs over specified limits and interest on debentures
ICICI Prudential Life Insurance Company Limited
Standalone Balance Sheet at June 30, 2021
(` in Lakhs) | |||
At June 30, | At March 31, | At June 30, | |
Particulars | 2021 | 2021 | 2020 |
(Audited) | (Audited) | (Audited) | |
Sources of funds | |||
Shareholders' funds : | |||
Share capital | 143,659 | 143,597 | 143,587 |
Share application money | 35 | 55 | - |
Reserve and surplus | 661,669 | 706,712 | 639,330 |
Credit/[debit] fair value change account | 43,296 | 61,577 | (3,394) |
Sub - total | 848,659 | 911,941 | 779,523 |
Borrowings | 120,000 | 120,000 | - |
Policyholders' funds : | |||
Credit/[debit] fair value change account | 306,162 | 299,349 | 114,124 |
Revaluation reserve - Investment property | 6,867 | 6,867 | 6,553 |
Policy liabilities (A)+(B)+(C) | 20,846,783 | 19,876,470 | 15,938,334 |
Non unit liabilities (mathematical reserves) (A) | 6,338,238 | 6,021,556 | 4,913,223 |
Insurance Reserve | - | - | - |
Provision for linked liabilities (fund reserves) (B) | 13,359,105 | 12,777,040 | 10,101,879 |
(a) Provision for linked liabilities | 10,788,541 | 10,585,509 | 9,861,339 |
(b) Credit/[debit] fair value change account (Linked) | 2,570,564 | 2,191,531 | 240,540 |
Funds for discontinued policies (C) | 1,149,440 | 1,077,874 | 923,232 |
(a) Discontinued on account of non-payment of premium | 1,163,151 | 1,086,806 | 918,913 |
(b) Other discontinuance | 6,178 | 6,180 | 4,296 |
(c) Credit/[debit] fair value change account | (19,889) | (15,112) | 23 |
Total linked liabilities (B)+(C) | 14,508,545 | 13,854,914 | 11,025,111 |
Sub - total | 21,279,812 | 20,302,686 | 16,059,011 |
Funds for Future Appropriations | |||
Non linked | 121,893 | 135,318 | 121,766 |
Sub - total | 121,893 | 135,318 | 121,766 |
Total | 22,250,364 | 21,349,945 | 16,960,300 |
Application of funds | |||
Investments | |||
Shareholders' | 924,144 | 1,009,016 | 717,036 |
Policyholders' | 6,684,791 | 6,357,256 | 5,109,160 |
Asset held to cover linked liabilities | 14,508,545 | 13,854,914 | 11,025,111 |
Loans | 71,375 | 66,282 | 49,200 |
Fixed assets - net block | 45,243 | 45,719 | 46,840 |
Deferred tax asset | 3,010 | - | - |
Current assets | |||
Cash and Bank balances | 106,286 | 55,740 | 81,222 |
Advances and Other assets | 439,862 | 333,882 | 306,145 |
Sub-Total (A) | 546,148 | 389,622 | 387,367 |
Current liabilities | 529,353 | 370,541 | 371,854 |
Provisions | 3,539 | 2,323 | 2,560 |
Sub-Total (B) | 532,892 | 372,864 | 374,414 |
Net Current Assets (C) = (A-B) | 13,256 | 16,758 | 12,953 |
Miscellaneous expenditure (to the extent not written-off or adjusted) | - | - | - |
Debit Balance in Profit & Loss Account (Shareholders' account) | - | - | - |
Total | 22,250,364 | 21,349,945 | 16,960,300 |
Contingent liabilities | 130,562 | 131,164 | 124,977 |
ICICI Prudential Life Insurance Company Limited
Segment1 Reporting (Standalone) for the quarter ended June 30, 2021
(` in Lakhs) | |||||
Three months ended/at | Year ended/at | ||||
Sr | |||||
Particulars | June 30, 2021 | March 31, | June 30, 2020 | March 31, | |
No. | 2021 | 2021 | |||
(Audited) | (Audited) | (Audited) | (Audited) | ||
1 | Segment Income: | ||||
Segment A: Par life | |||||
Net Premium | 74,559 | 133,877 | 71,162 | 432,247 | |
Income from investments2 | 68,452 | 94,025 | 26,012 | 210,078 | |
Transfer of Funds from shareholders' account | - | 4,901 | - | 4,901 | |
Other income | 772 | 730 | 457 | 2,456 | |
Segment B: Par pension | |||||
Net Premium | 258 | 1,110 | 265 | 26,980 | |
Income from investments2 | 2,656 | 6,513 | 2,180 | 14,849 | |
Transfer of Funds from shareholders' account | - | - | - | - | |
Other income | 1 | 1 | 2 | 4 | |
Segment C: Non Par Life | |||||
Net Premium | 126,388 | 223,129 | 55,424 | 537,349 | |
Income from investments2 | 58,615 | 77,183 | 42,765 | 242,095 | |
Transfer of Funds from shareholders' account | 85,552 | 39,524 | 40,811 | 137,280 | |
Other income | 707 | 694 | 521 | 2,450 | |
Segment D: Non Par Pension | |||||
Net Premium | 2,000 | 298 | 2,500 | 2,798 | |
Income from investments2 | 131 | 95 | 60 | 339 | |
Transfer of Funds from shareholders' account | - | 5 | 23 | 49 | |
Other income | - | - | - | - | |
Segment E: Non Par Variable | |||||
Net Premium | 568 | 2,141 | 426 | 4,770 | |
Income from investments2 | 1,036 | 470 | 395 | 1,727 | |
Transfer of Funds from shareholders' account | - | - | - | - | |
Other income | - | - | - | - | |
Segment F: Non Par Variable Pension | |||||
Net Premium | 1,031 | 1,082 | - | 1,623 | |
Income from investments2 | 332 | 308 | 281 | 1,187 | |
Transfer of Funds from shareholders' account | - | - | - | - | |
Other income | - | - | - | - | |
Segment G: Annuity Non Par | |||||
Net Premium | 55,913 | 108,251 | 21,561 | 229,245 | |
Income from investments2 | 12,542 | 12,768 | 14,089 | 47,821 | |
Transfer of Funds from shareholders' account | 3,139 | 15,247 | - | 15,247 | |
Other income | 11 | 1 | 2 | 6 | |
Segment H: Health | |||||
Net Premium | 722 | 991 | 688 | 3,302 | |
Income from investments2 | 115 | 103 | 99 | 443 | |
Transfer of Funds from shareholders' account | 68 | (309) | 268 | - | |
Other income | 1 | - | - | 2 | |
Segment I: Linked Life | |||||
Net Premium | 347,555 | 613,227 | 352,696 | 1,955,032 | |
Income from investments2 | 708,605 | 485,218 | 1,072,454 | 3,795,053 | |
Transfer of Funds from shareholders' account | - | - | - | - | |
Other income | 923 | 852 | 1,300 | 4,413 | |
Segment J: Linked Pension | |||||
Net Premium | 4,115 | 7,549 | 4,587 | 22,551 | |
Income from investments2 | 43,505 | 29,339 | 90,666 | 282,022 | |
Transfer of Funds from shareholders' account | - | - | - | - | |
Other income | 1 | - | - | 1 | |
Segment K: Linked Health | |||||
Net Premium | 590 | 1,868 | 695 | 4,047 | |
Income from investments2 | 5,340 | 3,768 | 9,997 | 32,006 | |
Transfer of Funds from shareholders' account | - | - | 424 | - | |
Other income | - | - | - | - | |
Segment L: Linked Group Life | |||||
Net Premium | 40,147 | 59,293 | 31,816 | 218,343 | |
Income from investments2 | 11,511 | 1,787 | 25,734 | 62,684 | |
Transfer of Funds from shareholders' account | - | - | 108 | - | |
Other income | 17 | 1 | 1 | 7 | |
Segment1 Reporting (Standalone) for the quarter ended June 30, 2021
(` in Lakhs) | |||||
Three months ended/at | Year ended/at | ||||
Sr | |||||
Particulars | June 30, 2021 | March 31, | June 30, 2020 | March 31, | |
No. | 2021 | 2021 | |||
(Audited) | (Audited) | (Audited) | (Audited) | ||
Segment M: Linked Group Pension | |||||
Net Premium | 6,339 | 35,112 | 13,287 | 59,050 | |
Income from investments2 | 8,187 | 2,700 | 19,974 | 51,442 | |
Transfer of Funds from shareholders' account | - | - | - | - | |
Other income | 1 | - | - | 1 | |
Shareholders | |||||
Income from investments2 | 39,860 | 25,923 | 9,884 | 74,010 | |
Other income | 54 | (32) | 17 | 28 | |
2 | Segment Surplus/(Deficit) (net of transfer from | ||||
shareholders' A/c) : | |||||
Segment A: Par life | (14,510) | 9,337 | (3,100) | 9,377 | |
Segment B: Par pension | 1,085 | (691) | 1,600 | 5,824 | |
Segment C: Non Par Life | (85,552) | (29,731) | (40,811) | (127,486) | |
Segment D: Non Par Pension | 6 | (5.00) | (23) | (49) | |
Segment E: Non Par Variable | 630 | 130 | 90 | 432 | |
Segment F: Non Par Variable Pension | 45 | 55 | 133 | 294 | |
Segment G: Annuity Non Par | (3,139) | (17,323) | 4,679 | (15,247) | |
Segment H: Health | (68) | 3,561 | (268) | 3,252 | |
Segment I: Linked Life | 24,357 | 23,838 | 55,595 | 157,610 | |
Segment J: Linked Pension | 3,083 | 3,250 | 4,013 | 13,608 | |
Segment K: Linked Health | 246 | 923 | (424) | 3,910 | |
Segment L: Linked Group Life | 182 | 252 | (108) | 309 | |
Segment M: Linked Group Pension | 378 | 89 | 105 | 1,226 | |
Shareholders | 41,259 | 18,190 | 5,779 | 55,007 | |
3 | Segment Assets: | ||||
Segment A: Par life | 2,546,479 | 2,453,298 | 1,985,186 | 2,453,298 | |
Segment B: Par pension | 150,045 | 147,941 | 115,759 | 147,941 | |
Segment C: Non Par Life | 3,181,040 | 3,026,882 | 2,454,105 | 3,026,882 | |
Segment D: Non Par Pension | 7,394 | 5,630 | 5,055 | 5,630 | |
Segment E: Non Par Variable | 15,899 | 23,315 | 20,563 | 23,315 | |
Segment F: Non Par Variable Pension | 17,045 | 17,153 | 14,967 | 17,153 | |
Segment G: Annuity Non Par | 769,801 | 711,375 | 483,534 | 711,375 | |
Segment H: Health | 3,776 | 3,513 | 5,569 | 3,513 | |
Segment I: Linked Life | 12,795,714 | 12,155,858 | 9,464,848 | 12,155,858 | |
Segment J: Linked Pension | 794,606 | 774,323 | 740,507 | 774,323 | |
Segment K: Linked Health | 106,393 | 103,128 | 88,291 | 103,128 | |
Segment L: Linked Group Life | 520,369 | 514,591 | 441,510 | 514,591 | |
Segment M: Linked Group Pension | 373,144 | 380,997 | 360,883 | 380,997 | |
Shareholders | 968,659 | 1,031,941 | 779,523 | 1,031,941 | |
4 | Segment Policy Liabilities: | ||||
Segment A: Par life | 2,546,479 | 2,453,298 | 1,985,186 | 2,453,298 | |
Segment B: Par pension | 150,045 | 147,941 | 115,759 | 147,941 | |
Segment C: Non Par Life | 3,181,040 | 3,026,882 | 2,454,105 | 3,026,882 | |
Segment D: Non Par Pension | 7,394 | 5,630 | 5,055 | 5,630 | |
Segment E: Non Par Variable | 15,899 | 23,315 | 20,563 | 23,315 | |
Segment F: Non Par Variable Pension | 17,045 | 17,153 | 14,967 | 17,153 | |
Segment G: Annuity Non Par | 769,801 | 711,375 | 483,534 | 711,375 | |
Segment H: Health | 3,776 | 3,513 | 5,569 | 3,513 | |
Segment I: Linked Life | 12,795,714 | 12,155,858 | 9,464,848 | 12,155,858 | |
Segment J: Linked Pension | 794,606 | 774,323 | 740,507 | 774,323 | |
Segment K: Linked Health | 106,393 | 103,128 | 88,291 | 103,128 | |
Segment L: Linked Group Life | 520,369 | 514,591 | 441,510 | 514,591 | |
Segment M: Linked Group Pension | 373,144 | 380,997 | 360,883 | 380,997 | |
Footnotes:
- Segments are as under:
- Linked Policies (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable
- Non-Linked
- Non-ParticipatingPolicies: (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable
- Participating Policies : (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable
- Variable insurance shall be further segregated into Life and Pension.
- Business within India and business outside India
- Net of provisions for diminution in value of investments
ICICI Prudential Life Insurance Company Limited
Statement of Standalone Audited Results for the quarter ended June 30, 2021
Three months ended/at | Year ended/at | ||||
Sr | Particulars | ||||
June 30, 2021 | March 31, 2021 | June 30, 2020 | March 31, 2021 | ||
No. | |||||
(Audited) | (Audited) | (Audited) | (Audited) | ||
Analytical Ratios:1 | |||||
(i) | Solvency Ratio: | 193.7% | 216.8% | 205.1% | 216.8% |
(ii) | Expenses of management ratio | 15.1% | 11.7% | 12.2% | 11.7% |
(iii) | Policyholder's liabilities to shareholders' fund | 2507.7% | 2228.0% | 2075.7% | 2228.0% |
(iv) | Earnings per share (`): | ||||
(a) Basic EPS before and after extraordinary items (net | (1.29) | 0.44 | 2.00 | 6.69 | |
of tax expense) for the period (not annualized for three | |||||
months) | |||||
(b) Diluted EPS before and after extraordinary items | (1.29) | 0.44 | 2.00 | 6.67 | |
(net of tax expense) for the period (not annualized for | |||||
three months) | |||||
(v) | NPA ratios: (for policyholders' fund) | ||||
(a) Gross & Net NPAs | NIL | NIL | NIL | NIL | |
(b) % of Gross & Net NPAs | NIL | NIL | NIL | NIL | |
(vi) | Yield on Investments (On Policyholders' fund) | ||||
A. Without unrealised gains | |||||
- Non Linked | |||||
Par | 12.1% | 18.8% | 5.9% | 10.8% | |
Non Par | 8.4% | 11.3% | 8.6% | 9.8% | |
- Linked | |||||
Non Par | 12.5% | 11.5% | (5.7%) | 6.9% | |
B. With unrealised gains | |||||
- Non Linked | |||||
Par | 6.9% | 2.8% | 29.6% | 17.8% | |
Non Par | 0.1% | 0.3% | 26.3% | 13.1% | |
- Linked | |||||
Non Par | 22.6% | 14.9% | 57.8% | 40.9% | |
(vii) | NPA ratios: (for shareholders' fund) | ||||
(a) Gross & Net NPAs | NIL | NIL | NIL | NIL | |
(b) % of Gross & Net NPAs | NIL | NIL | NIL | NIL | |
(viii) | Yield on Investments (on Shareholders' A/c) | ||||
A. Without unrealised gains | 18.8% | 11.2% | 5.2% | 8.8% | |
B. With unrealised gains | 4.2% | 9.1% | 26.8% | 19.0% | |
(ix) | Persistency Ratio2 | ||||
by premium | |||||
13th month | 86.6% | 85.6% | 82.9% | 87.1% | |
25th month | 77.6% | 74.8% | 73.5% | 76.1% | |
37th month | 70.0% | 68.3% | 65.3% | 69.2% | |
49th month | 65.9% | 63.8% | 63.7% | 65.4% | |
61st month | 59.9% | 58.6% | 61.4% | 59.8% | |
by count | |||||
13th month | 78.2% | 79.1% | 77.1% | 80.9% | |
25th month | 72.5% | 71.9% | 69.5% | 72.6% | |
37th month | 65.4% | 64.3% | 61.7% | 64.5% | |
49th month | 60.9% | 59.7% | 59.7% | 61.8% | |
61st month | 56.7% | 55.4% | 58.2% | 56.4% | |
(x) | Conservation Ratio | ||||
Par Life | 90.4% | 83.9% | 85.0% | 85.8% | |
Par Pension | 97.2% | 113.2% | 84.0% | NA | |
Non Par Life | 95.5% | 89.8% | 68.2% | 79.6% | |
Non Par Pension | NA | NA | NA | NA | |
Non Par Variable | NA | NA | NA | NA | |
Non Par Variable Pension | NA | NA | NA | NA | |
Annuity Non Par | NA | NA | NA | NA | |
Health | 84.2% | 80.6% | 80.4% | 81.6% | |
Linked Life | 84.7% | 83.6% | 78.3% | 80.0% | |
Linked Pension | 82.5% | 84.0% | 67.6% | 73.3% | |
Linked Health | 93.1% | 92.8% | 94.8% | 93.4% | |
Linked Group Life | 184.1% | 375.0% | 32.1% | 119.7% | |
Linked Group Pension | 93.4% | 128.7% | 54.0% | 94.0% | |
Notes: |
- Analytical ratios have been calculated as per the definition given in IRDAI Analytical ratios disclosure.
- Calculations are in accordance with the IRDAI circular IRDA/ACT/CIR/MISC/035/01/2014 dated January 23, 2014.
- Persistency ratios for the quarter ended June 30, 2021 have been calculated on June 30, 2021 for the policies issued in March to May period of the relevant years. For example, the 13th month persistency for quarter ended June 30, 2021 is calculated for policies issued from March 1, 2020 to May 31 2020.
- Persistency ratios for the quarter ended March 31, 2021 have been calculated on April 30, 2021 for the policies issued in Jan to March period of the relevant years. For example, the 13th month persistency for quarter ended March 31, 2021 is calculated for policies issued from January 1, 2020 to March 31, 2020.
- Persistency ratios for the quarter ended June 30, 2020 have been calculated on July 31, 2020 for the policies issued in Apr to Jun period of the relevant years. For example, the 13th month persistency for quarter ended June 30, 2020 is calculated for policies issued from April 1, 2019 to June 30, 2019.
- Persistency ratios for year ended March 31, 2021 have been calculated on April 30, 2021 for the policies issued in April to March period of the relevant years. For example, the 13th month persistency for year ended March 31, 2021 is calculated for policies issued from April 1, 2019 to March 31, 2020.
- Group policies and policies under micro insurance products are excluded.
Attachments
- Original document
- Permalink
Disclaimer
ICICI Bank Ltd. published this content on 20 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 July 2021 12:27:06 UTC.