Disclosure:I am market making in the shares of ICICI Pru Life)
I attended the ICICI Pru Life AGM today .
Was the only external shareholder to attend !!
Here is what I heard and saw:
- The Company Secretary read out the resolutions.They were moved ,seconded and passed by the shareholders
- The resolutions were:
- Adoption of Accounts
- Approval of Dividend-total dividend for the year is 5.85 Rs/share.The Board reiterated its commitment to have as high a dividend payout as possible
- Re-appointment of Adrian O’Connor as Director
- Re-appointment of Puneet Nanda as Director
- Re-appointment of S R Batliboi as Auditors
- Approval of remuneration of Mr.Sandeep Bakshi,MD
- Approval of remuneration of Mr.Puneet Nanda,ED
- Approval of remuneration of Mr.Sandeep Batra,ED
As expected,the AGM quickly got over.
5 replies on “What I heard and saw at the ICICI Pru Life AGM on 25 June,2015”
was there any discussion about the IPO ? pricing ?
Nope
They are big cheaters. My parents had Health insurance with them and paying premium from past 6 years without having a single claim. After six years now they increased premium to a whooping 250%. Yearly premium is coming to around 10% of the sum insured. The thing is they informed us this thing just before 20 days of policy renewal date giving no time for porting to a diff company. There is no proper justification from them for increase in premium. What’s the gurantee 2mrw they didn’t increase premium to 20% of insured amt????
ICICI Pru does not offer health insurance.You must have mistaken it for ICICI Lombard
OOps! Sorry for the rant in a diff company’s post.