Investor Presentaiton

Glossary . • . - Annualized Premium Equivalent (APE) – Annualized Premium Equivalent (APE) is the sum of the annualized first year premiums on regular premium policies, and ten percent of single premiums, from both individual and group customers Assets under management (AUM) - AUM refers to the carrying value of investments managed by the company and includes loans against policies and net current assets pertaining to investments Embedded Value (EV) - Embedded Value (EV) represents the present value of shareholders' interests in the earnings distributable from the assets allocated to the business after sufficient allowance for the aggregate risks in the business Embedded Value Operating Profit (EVOP) - Embedded Value Operating Profit (EVOP) is a measure of the increase in the EV during any given period due to matters that can be influenced by management Retail Weighted Received Premium (RWRP) - Premiums actually received by the insurers under individual products and weighted at the rate of ten percent for single premiums Total weighted received premium (TWRP) - Measure of premiums received on both retail and group products and is the sum of first year and renewal premiums on regular premium policies and ten percent of single premiums received during any given period - Persistency Ratio Persistency ratio is the percentage of policies that have not lapsed and is expressed as 13th month, 49th month persistency etc. depicting the persistency level at 13th month (2nd year) and 49th month (5th year) respectively, after issuance of contract ICICI PRUDENTIAL LIFE INSURANCE 68

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