Bags the First Runner up award in the Best Defect Elimination in Service & Transaction category
ICICI Prudential Life Insurance Company was awarded the 1st Runner in the Best Defect Elimination in Service & Transaction category at the 10th Asian Six Sigma Excellence Award 2009, held at Singapore, recently.
Acknowledging the award, Ms Anita Pai, Executive Vice-President of ICICI Prudential Life said, “True to our customer-centric philosophy, we offer consumers with effective products and services to help them meet their long-term financial goals. To measure our success in these initiatives we have followed the Six Sigma approach and utilized it as the preferred methodology to measure the impact on key performance metrics across our customers, distributors & employees.
She added, “The Six Sigma Excellence Award is a testimony to our quest for excellence using a structured methodology to resolve critical business problems. Through such unique initiatives we will continue to provide world-class service to our customers.”
The Best Defect Elimination in Service & Transaction category in Six Sigma Excellence Award recognizes companies with strong Six Sigma practices, operational excellence, greater customer efficiency amongst other critical aspects. The submissions for the Excellence Awards were evaluated on a varied range of qualifications by some of the Six Sigma most experienced practitioners. This year the award witnessed 48 highly competitive companies participate across Asia, representing industries such as Insurance, Banking, Computer Peripherals and Public Enterprises.
The Six Sigma Excellence Award comes on the heels of the other recent honors for the organization. These recognitions include – The Most Trusted Private Life Insurance brand of 2009 by Brand Equity, ICAI Award for Excellence in Financial Reporting by the Institute of Chartered Accountants of India (ICAI) for the financial year ended March 31, 2008, and Commendation for Strong Commitment to HR Excellence 2008 at the CII HR Summit 2008.
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About ICICI Prudential Life Insurance
ICICI Prudential Life Insurance Company is a joint venture between ICICI Bank and Prudential plc. It was one of the first players to commence operations when the insurance industry was opened to the private sector in 2000. For the first quarter ended June 30, 2009, the company garnered Rs 2,844 crores of total premiums and has underwritten over 9 million policies since inception. The company has a network of 2,079 offices and 225,668 advisors. For the past eight years, ICICI Prudential has maintained its dominant position amongst life insurers in the country, with a wide range of flexible products that meet the needs of the Indian customer at every step in life. To know more about the company, please visit www.iciciprulife.com.
Except for the historical information contained herein, statements in this release which contain words or phrases such as “will”, “would”, “aim”, “will likely result”, “believe”, ”expect”, “will continue”, “anticipate”, ‘”estimate”, “intend”, “plan”, “contemplate”, “seek to”, “future”, “objectives”, “goals”, “project”, “should”, “will pursue”, and similar expressions or variations of such expressions may constitute “forward looking statements”. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to ICICI Prudential’s ability to successfully implement its strategy in the field of insurance, our growth and expansion, technological changes, investment income, cash flow projections, our exposure to market risks as well as the other risks detailed in the reports filed by ICICI Bank (joint promoters of ICICI-Prudential Life Insurance Company Limited) with the Securities and Exchange Commission of the United States. ICICI Bank undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.
