ICICI Bank 2005 Annual Report Download - page 45

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43
2005, we made rapid strides in developing several products, including savings, investments, pension,
remittances and insurance (life and non life, including weather, cattle and health insurance). These
products are in varying stages of development. A comprehensive health insurance product has already
been introduced through ICICI Lombard General Insurance Company for the poor in Anekal Taluka in
Karnataka. The product insures 60,000 lives and provides cashless treatment for 1,600 surgeries,
in-patient and out-patient care at a premium of Rs. 120-180 per person per annum. The product is being
replicated in Manipal. Similarly, the weather insurance product has also been successfully adopted by
various states in India. We are now in the process of designing a weather insurance product for the landless
poor to cover loss of work due to adverse weather conditions.
PUBLIC RECOGNITION
During fiscal 2005, we received several prestigious awards in recognition of our business strategies,
customer service levels and technology focus, including:
!”Best Bank in India” by Euromoney.
!”Best Retail Bank in India” by Asian Banker.
!”India’s Most Customer Friendly Bank” by Outlook Money.
!”Best Bank” by Business India.
!”Best Domestic Commercial Bank” in India by Asiamoney.
!”Best Bank of the Year in India” by Finance Asia.
Business Overview
Dickenson Tel: 022-2625 2282