Private & Confidential

HRD / Offerlr / ATS446423

April 12, 2021

Dear ,

Rahul Saha

Congratulations!

With reference to your application and subsequently clearing the selection process, we are pleased to offer you the
position of UNIT MANAGER in Level 1. Your initial posting will be at Kolkata - Dumdum.

We look forward to your contribution towards our Company's vision i.e. "to build an enduring institution that serves
the protection and long-term saving needs of customers with sensitivity". All our employees are guided in their actions
by our values, and we encourage you to exemplify and role model our Values of Customer First, Humility, Passion,
Integrity and Boundarylessness.

We offer our employees a long-term career through various opportunities to learn and grow and provide a work
environment that is supportive, fair and meritocratic. The three pillars of our career proposition are explained in
Annexure I.

Your compensation details are mentioned below in Table I.

Table I : Compensation
Components Monthly (in ₹) Annual (in ₹)

Basic Salary 7,500 90,000

Flexible Compensation Plan 7,256 87,074

Supplementary Allowance 7,500 90,000

Minimum Statutory Bonus 583 7,000

Total [A] 22,840 2,74,074

Employer's Contribution to PF 1,800 21,600

Gratuity 361 4,326

Retirals [B] 2,161 25,926

Annual Guaranteed Pay (AGP) [A+B] 25,000 3,00,000

Conveyance Allowance 2,500 30,000

Mobile Reimbursement* 750 9,000

*Mobile reimbursements are done as per the mobile reimbursement policy of the organisation. The amount will be
directly paid to the vendor and will not be credited along with the salary.

Other benefits applicable to Level 1 of the Company are mentioned in Annexure II and the terms and conditions are
mentioned in Annexure III of the offer letter for your reference.
Registered Office : ICICI Prudential Life Insurance Company Limited
ICICI PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai – 400 025, India.
Tel.: 4039 1600, 6644 1600 ∙ Fax: 2437 6638 ∙ Visit us at: www.iciciprulife.com CIN :
L66010MH2000PLC127837
The offer is extended relying upon the information furnished and representations made by you and is valid subject to
your acceptance of the terms and conditions of the employment with us. This letter is not to be construed as your
letter of appointment, which will be issued separately subject to the conditions mentioned herein.

1. Please provide your acceptance to the offer letter within 5 days from its receipt failing whichthe offer
shall stand revoked. Upon acceptance of this offer, you are mandatorily required to join the Company
within 60 days of your acceptance, failing which the offer and acceptance shall stand automatically
revoked.

2. Upon acceptance of the offer and subsequent to joining the Company you will be bound bythe
Company's Code of Conduct, Employee Service Rules or any applicable Anti-Bribery Law,

Anti-Corruption and Bribery Policy and other policies of the Company.

3. Your appointment and continuation in employment is subject to reference checks,qualifications, past

employment details, successful completion of your course-graduation / post-graduation and
submission of certificates / marksheets at the time of joining. You are required to submit the requisite
documents and proof of successful completion of your respective qualification within 3 months of
joining the organization.

4. If any information or representation furnished by you is found to be incorrect or if anymaterial

information is suppressed / misrepresented by you, the offer and / or the acceptance provided shall
stand invalid and revoked. The Company reserves its right to initiate appropriate civil / criminal action
against you.

Post joining your services with the Company are liable to be terminated as per applicable notice period policy at any
time without assigning any reason in the event of:

a. Any breach of the conditions mentioned in this letter on your part or

b. Any incorrect information furnished by you like:
i. Mismatch in your previous employment date even for a day or
ii. Mismatch in your previous pay slip or
iii. Fake qualification certificates etc or
c. Suppression of any material information by you

We look forward to your joining the Company and wish you a long and successful career with the organisation.

For ICICI Prudential Life Insurance Co. Ltd.

Subhashish Banerji

Registered Office : ICICI Prudential Life Insurance Company Limited

ICICI PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai – 400 025, India.
Tel.: 4039 1600, 6644 1600 ∙ Fax: 2437 6638 ∙ Visit us at: www.iciciprulife.com CIN :
L66010MH2000PLC127837
Executive Vice President - Human Resources

I understand that the digital acceptance of this offer shall be construed as acceptance to all the terms and conditions
therein.

Name: Arpita Banerjee Signature & date: ________________________

Registered Office : ICICI Prudential Life Insurance Company Limited

ICICI PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai – 400 025, India.
Tel.: 4039 1600, 6644 1600 ∙ Fax: 2437 6638 ∙ Visit us at: www.iciciprulife.com CIN :
L66010MH2000PLC127837
Annexure I: Our Cornerstones

In achieving our Vision, harmony in outcomes for the Company's three key stakeholders - namely, our customers,
employees and shareholders - is essential. To enable this, the Company has articulated the commitment and promise
made to our employees through our Cornerstones. In addition to communicating our Cornerstones to all employees
and prospective employees, we also endeavor to proactively listen, empathise and respond to the needs and
expectations of employees.

The three pillars of our Cornerstones are explained below:

1. Learning & Growth: We hire for attitude and train for skills and we give growth to our employees byoffering
challenging roles and diverse experiences
2. Supportive Environment: We provide a healthy, safe and secure workplace and enable superiorperformance
by providing the required technology and infrastructure support; we always stand by our colleagues in their hour of
need
3. Fairness & Meritocracy: We are an equal opportunity employer and all our people decisions are based
onpolicies and rules; performance rewards and career progression is based on merit

The Company has consistently invested in delivering on these promises, which has created the edge that makes our
people a key source of strength and a key competitive advantage.

Registered Office : ICICI Prudential Life Insurance Company Limited

ICICI PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai – 400 025, India.
Tel.: 4039 1600, 6644 1600 ∙ Fax: 2437 6638 ∙ Visit us at: www.iciciprulife.com CIN :
L66010MH2000PLC127837
Annexure II: Benefits

Benefits applicable Eligibility limits Applicability

Group Term Life Insurance ₹ 15,00,000* Employee

Group Personal Accident Insurance ₹ 30,00,000* Employee

Group mediclaim policy ₹ 4,00,000 for a policy year** Employee and enrolled
dependents-spouse / same sex
partner (includes noncisgender
partner) and children upto the
age of 25 years (based on
tenure)**
Education assistance policy Reimbursement of fees for Employee
defined courses upto specified
limit, as per policy
Leave (in a financial year)*** • Privilege Leave (PL): 28 Employee
days(21 days during the first year
of service)
• Sick Leave (SL): 15 days•
Maternity leave (ML): 180 days
• Paternity Leave: 5 days
• Adoption / Surrogacy
Leave:
90 days
*Additional coverage is provided after completion of defined number of years for completed services at the Company,
as per policy.
** Detailed eligibility, policy clauses, limits and processes as defined in the HR Policy.
*** PLs and SLs are applicable for one complete financial year. Detailed eligibility, policy clauses as defined in the HR
Policy.

Other Benefits:

In addition to the above policies, we have other policies linked to the tenure of employees that support the employee
& his/her family members in times of need and enable them to meet various life stage needs. These policies include:
Executive Health Check-up, Employee's Children with Special Needs, Employee Children's Education Scholarship
Scheme, Employee Children's Sports Scholarship Scheme etc.

Learning and growth is delivered through challenging assignments, role changes including movements to different
functions / channels and locations and by providing opportunity for employees to apply for various roles through the
Internal Job Posting process. In addition, opportunities for skill enhancement are provided through training and
certifications, which may be a mix of mandatory, self-paced, behavioral and virtual programs.

These policies will be applicable as per the eligibility criteria and limits defined in the HR policies. These benefits and
policies are subject to change as per the business requirements from time to time and such changes will supersede the
relevant clauses mentioned in offer letter and appointment letter.

Annexure III: Terms and Conditions of Employment

1. Transfer: The Company shall have the right to transfer you to any of its departments / offices or deputeyou to Group
companies, anywhere in India. In case of deputation to a Group Company, the terms and conditions of your
employment including gross salary and benefits, etc. as stated in this letter will continue to be applicable, unless a
revised letter is provided to you.

Registered Office : ICICI Prudential Life Insurance Company Limited

ICICI PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai – 400 025, India.
Tel.: 4039 1600, 6644 1600 ∙ Fax: 2437 6638 ∙ Visit us at: www.iciciprulife.com CIN :
L66010MH2000PLC127837
2. Background check: The Company reserves the right to conduct background checks including yourantecedent,
education, employment, CIBIL and criminality check. By accepting the terms and conditions of your employment
with the Company, you also consent to the right of the Company to share your information with its affiliates,
government authorities and third parties as deemed appropriate by the Company. Your continuation in employment
will be subject to satisfactory reports being received from all the above mentioned sources.

3. Medical fitness: Your appointment / employment is subject to you being medically fit for employment.

4. Leave: Any unauthorized (without prior appropriate approval) leave of absence for a period as defined inthe
Company's policies may lead to termination of employment.

The detailed terms and conditions of employment will be outlined in the letter of appointment which will be issued to
you separately.

Registered Office : ICICI Prudential Life Insurance Company Limited

ICICI PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai – 400 025, India.
Tel.: 4039 1600, 6644 1600 ∙ Fax: 2437 6638 ∙ Visit us at: www.iciciprulife.com CIN :
L66010MH2000PLC127837