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P a g e | 9 The cost of life insurance depends on three factors: your age, health and your income. We suggest that you not compromise on the level of protection you require. You could purchase a basic protection policy that gives you the opportunity to pay only the minimum premium. You can choose this affordable policy, without any riders. 1.6.4 Where can I find more information on life insurance? Our certified insurance advisors understand your requirements and propose the suitable life insurance policy for you. To get in touch with our advisors click here or write to us at lifeline@iciciprulife.com. 1.6.5 Nomination 1.6.5.1 What is nomination? And who is a nominee? Nomination is a right conferred on the life insurance policyholder to appoint a person or persons to receive the policy monies in the event of the policy becoming a claim by death. Any policyholder, who is a major and the life insured under a policy, can make a nomination. A nominee is the person designated by the policyholder to receive the proceeds of an insurance policy, upon the death of the insured. 1.6.5.2 Can I change my nomination? Yes. You can change your nomination at any time till the maturity date. All you need to do is to inform us about the change through the specified form. 1.6.5.3 What details am I to provide about the nominee/s? The following details are necessary when filling in the proposal form: full name of the nominee, address, age, and the relationship between you and the nominee. 1.6.5.4 What is the difference between nomination and assignment? While nomination is an authorization to receive the policy monies in the event of death of the life assured, it does not give the nominee an absolute right over the money received to the exclusion of other legal heirs. Further, the nomination can be revoked or cancelled at any time during the lifetime of the policyholder at his will and pleasure or by a subsequent assignment. On the other hand, assignment of an insurance policy is a transfer or assignment of all rights __________________________________________________________________________________ BI Reporting Tool <strong>Implementation</strong> Arpan Ganguly
and liabilities of the insurance policy in favour of the assignee. 1.6.6 CLAIM 1.6.6.1 What is a Claim? P a g e | 10 A claim is the payment made by the insurer to the insured or claimant on the occurrence of the event specified in the contract, in return for the premiums paid for the insured. 1.6.6.2 What parameters are considered by the company while asking the claimant to submit particular records / document? The Company considers the Sum at risk, cause, circumstances of claim and duration of the policy while asking for certain requirements. [Eg. For accidental death, specific proofs such as Post Mortem and Police Report are required whereas for death due to illness, the Company calls for records from hospital, test reports etc.] 1.6.6.3 Once all the requirements are submitted, how much time does the Company take to settle the Claim? The Company settles the Claim within 8 working days after all the records, documents and necessary forms are submitted and documentation is completed. In case, the Claim warrants further verification, the Company keeps the Claimant informed of the same. Subsequently, when the decision is taken, it is communicated to the Claimant by a letter. From November 2005, we have started sending SMS Alerts to the advisor of the policy to enable the quick communication of the decision of the claimants. 1.6.6.4 What is IRDA? IRDA is Insurance Regulatory Development Authority, that has been set up to protect the interests of the policy holders, to regulate, promote and ensure orderly growth of the insurance industry and for matters connected therewith or incidental thereto. [This definition has been taken from the IRDA website] 1.6.6.5 What are IRDA guidelines pertaining to Claim processing? As per IRDA (Insurance Regulatory Development Authority), the Insurance Company is required to settle a claim within 30 days of receipt of all requirements. However, if the claim warrants further verification, the Company should complete its procedures __________________________________________________________________________________ BI Reporting Tool <strong>Implementation</strong> Arpan Ganguly
Page 1 and 2: Business Intelligence Reporting Too
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Page 9 and 10: corporate agents and brokers to dis
Page 11 and 12: ICICI Prudential Life Insurance Com
Page 13 and 14: 1.5.1.4 RETIREMENT SOLUTIONS P a g
Page 15: diverse set of needs that character
Page 19 and 20: your policy. However, your existing
Page 21 and 22: loans. 1.6.8.6 Can I assign a polic
Page 23 and 24: 3.0 SYSTEM OVERVIEW FIG 1.0 : Syste
Page 25 and 26: P a g e | 18 the time at which the
Page 27 and 28: P a g e | 20 the intermediary data
Page 29 and 30: P a g e | 22 from new business prem
Page 31 and 32: P a g e | 24 The charts in this rep
Page 33 and 34: 4.1 BI TOOLS : QlikView P a g e | 2
Page 35 and 36: 4.1.2 QLIKVIEW EXPERIENCE 4.1.2.1 Q
Page 37 and 38: Fast to Deploy, IT Efficient. P a g
Page 39 and 40: Speedy time to value. FIG 6.0 : Sam
Page 41 and 42: 4.1.2.3 QLIKVIEW EXPERIENCE : MAY B
Page 43 and 44: P a g e | 36 possible but even with
Page 45 and 46: P a g e | 38 AJAX or Mobile) and th
Page 47 and 48: P a g e | 40 The compressed and una
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Page 51 and 52: P a g e | 44 the call uses an Activ
Page 53 and 54: FIG 13.0 : Qlikview Section Access
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Page 57 and 58: Agent Wise P a g e | 50 A summary o
Page 59 and 60: Channel wise P a g e | 52 A summary
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Page 63 and 64: Ops Region Summary Ops Region Campa
Page 65 and 66: 6.0 REFERENCES About ICICI Prudenti

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