cp sem 3 ppt.pptx

7/24/2019 cp sem 3 ppt.pptx

1/22

Name of students Enrollment No.

Ravi Vataliya 147340592082

Sanjaygiri Gosai 147340592026

AN ANALITICAL STUDYON INSURANCE SECTOR

WITH REFERENCE TOINDIAN ECONOMY

Faculty guid Prof. Jitendra patoliya

YEAR -2014-16

MBA SEMESTER III

AN INDUSTRY DEFINED PROBLEM ON


2/22

WAT IS INSURAN!E

An arran#ement $% &'()' a )omor t'e state underta+es to *ro,#uarantee of )om*ensat(on fors*e)(-ed loss dama#e (llness deat' (n return for *a%ment of as*e)(-ed *rem(um


3/22

/ROWT 0 E1ALUATION OINSURAN!E SE!TOR IN IND

History of is!r"#$ i I%i"

In Ind(a (nsuran)e 'as a dee*2rooted '(stor%. It -nd(n t'e &r(t(n#s of Manu 3 Manusmrithi 4 Ya3 Dharmasastra 4 and 5aut(l%a 3Arthasastra 4. T'e &(n terms of *ool(n# of resour)es t'at )ould $e re2d(st(mes of )alam(t(es su)' as -re 6oods e*(dem()s a

T'(s &as *ro$a$l% a *re2)ursor to modern da% An)(ent Ind(an '(stor% 'as *reser,ed t'e earl(est(nsuran)e (n t'e form of mar(ne trade loans and)ontra)ts. Insuran)e (n Ind(a 'as e,ol,ed o,er t(mdra&(n# from ot'er )ountr(es En#land (n *art()ular.


4/22

T'e is!r"#$ s$#tor is " #o&oss"& o$#ro&(n# at a s*eed% rate of 892:;


5/22

I%i" Is!r"#$ M"r'$t

T'e (nsuran)e (ndustr% of Ind(a )oof 9: (nsuran)e )om*an(es of &'()are (n l(fe (nsuran)e $us(ness and non2l(fe (nsurers. Amon# t'e l(fe(nsurers L(fe Insuran)e !or*orat(o3LI!4 (s t'e sole *u$l() se)tor )om*


6/22

8?8? nsstartedOr(entall(feInsuran)e)om*an%(n5ol+ata

8?=

; (anInsuran)e)om*an%@Bom$a%MutualL(feInsuran)e

88: (anInsuran)eA)t&as*assed.

8? ran)eA)t&asreena)ted(n*resentform

89

C n)e$us(nessof:>9*r(,ateo*erators&asta+eno,er$%/o,ernment

8 Re#ulator%andDe,elo*mentAut'or(t%$(ll&as*assed(nParl(ament(n8.

:;;; *endent(nsuran)eaut'or(t%l(+eSEBIesta$l(s'ed(nA*r(l:;;;.

uran)e)om*an(esareallo&eds(n)eSe*tem$er:;;;.

)t* st"+$ of Is!r"#$


7/22

,RODUCT OF INSURALif$

is!r"#$

TermInsuran)e

!'(ldren*ol()%

Endo&ment Pol()%

W'oleL(fe

Insuran)e

($$r"&

is!r"#$

Pro*ert%(nsuran)e

MotorInsuran)e


8/22

T&o Year Tem*orar% Assuran)e Pol()%

T'e !on,ert($le Term Assuran)e Pol()%Anmol ee,an2I

Amul%a ee,an2I

TERM INSURANCE

T$r is!r"#$ (s a t%*e of l(fe is!r"#$*o

*ro,(des #o.$r"+$ for a )erta(n *er(od of t(s*e)(-ed t$r of %ears. If t'e (nsured d(et'e t(me *er(od s*e)(-ed (n t'e *ol()% and t'ea)t(,e 2 or (n for)e 2 t'en a deat' $ene-t &(ll $


9/22

T'e W'ole L(fe Pol()%

T'e W'ole L(fe Pol()%2 L(m(ted Pa%mentT'e W'ole L(fe Pol()%2 S(n#le Prem(um

ee,an Anand

ee,an Taran#

W*o&$ Lif$ Is!r"

W*o&$ &if$ is!r"#$ or )*o&$of &if$assuran)e!ommon&ealt' of Nat(ons4 somet(mes )alled stra(#ord(nar% &if$ (s a &if$ is!r"#$*ol()% &'()' (s #uarema(n (n for)e for t'e is!r$%/sent(re l(fet(mereGu(red *rem(ums are *a(d or to t'e matur(t% date.


10/22

ee,an Anura#

ee,an 5(s'ore

5omal ee,an

ee,an !''a%a

C*i&%r$ ,o&i#i$s

T'ese t%*es of *ol()(es are ta+en on t'e l(fe of t'e *aren

for t'e $ene-t of t'e )'(ld. B% su)' *ol()% t'e *arent )a#et funds &'en t'e )'(ld atta(ns ,ar(ous sta#es (n (nsurers oer &a(,er of *rem(ums (n )ase of unfortunate

t'e *arentH*ro*oser dur(n# t'e term of t'e *ol()%.


11/22

ee,an M(tra 3Dou$le !o,er Endo&ment Plan4

ee,an M(tra3Tr(*le !o,er Endo&ment Plan4

ee,an Anand

Ne& anara+s'a Plan

ee,an Amr(t

E%o)$t ,o&i#y

An $%o)$t o&i#y(s a l(fe is!r"#$)o

des(#ned to *a% a lum* sum after a s*e)(-) te(ts Jmatur(t%J4 or on deat'. T%*()al matur(t(es a-fteen or t&ent% %ears u* to a )erta(n a#e l(m*ol()(es also *a% out (n t'e )ase of )r(t()al (llne


12/22

:2($$r"& is!r"#$

" - Motor Is!r"#$A motor (nsuran)e *ol()% (s a mandator% *ol()% (ssued $(nsuran)e )om*an% as *art of *re,ent(on of *u$l() l(a$(l(*rote)t t'e #eneral *u$l() from an% a))(dent t'at m(#'t *la)e on t'e road. T'e la& mandates t'at e,er% o&ner omotor ,e'()le must 'a,e one motor (nsuran)e *ol()%.

- ,ro$rty is!r"#$,ro$rty is!r"#$*ro,(des *rote)t(on a#a(nst most to ro$rty su)' as -re t'eft and some &eat'er dama(n)ludes s*e)(al(Ked forms of is!r"#$su)' as -re is

6ood is!r"#$ eart'Gua+e is!r"#$ 'ome is!r"


13/22

,LAYERS IN INSURANCE SECTOR


14/22

!ist o" !i" #nsuranc $o%&anis in #

L(st of L(fe Insuran)e !om*an(es (n Ind(a

8. Ae#on Rel(#are L(fe Insuran)e !o. Ltd.

:. A,(,a L(fe Insuran)e !o. Ind(a Ltd.

. Baa All(anK L(fe Insuran)e !o. Ltd.

>. B'art( AA L(fe Insuran)e !o. Ltd.

9. B(rla Sun L(fe Insuran)e !o. Ltd.

C. !anara SB! Or(ental Ban+ of !ommer)e

L(fe Insuran)e !o. Ltd.

=. DFL Pramer()a L(fe Insuran)e !o. Ltd.

?. Edel&e(ss To+(o L(fe Insuran)e !o. Ltd

. E(de L(fe Insuran)e !o. Ltd.

8;. Future /eneral( Ind(a L(fe Insuran)e !o.

Ltd.

88. DF! Standard L(fe Insuran)e !o. Ltd.

123 ICICI ,r!%$ti"& Lif$ Is!

8. IDBI Federal L(fe Insuran)e

8>. Ind(aF(rst L(fe Insuran)e !o.

89. 5ota+ Ma'(ndra Old Mutual

Ltd.

8C. L(fe Insuran)e !or*orat(on o

8=. Ma L(fe Insuran)e !o. Ltd.

8?. PNB MetL(fe Ind(a Insuran)e

8. Rel(an)e L(fe Insuran)e !o.

:;. Sa'ara Ind(a L(fe Insuran)e

:8. SBI L(fe Insuran)e !o. Ltd.

::. S'r(ram L(fe Insuran)e !o. L

: Star Un(on Da(2I)'( L(fe Insu

:>. Tata AIA L(fe Insuran)e !o. L


15/22

!ist o" 'on(!i" #nsuranc $o%&anis in

L(st of Non2L(fe Insuran)e !om*an(es (n Ind(a

8. A#r()ulture Insuran)e !o. of Ind(a Ltd.

:. A*ollo Mun()' ealt' Insuran)e !o. Ltd.

. Baa All(anK /eneral Insuran)e !o. Ltd.

>. B'art( Aa /eneral Insuran)e !o. Ltd.

9. !'olamandalam MS /eneral Insuran)e !o. Ltd.

C. !(#na TT5 ealt' Insuran)e !o. Ltd.

=. E*ort !red(t /uarantee !or*orat(on of Ind(a

Ltd.

?. Future /eneral( Ind(a Insuran)e !o. Ltd.

. DF! ER/O /eneral Insuran)e !o. Ltd.

8;. I!I!I Lom$ard /eneral Insuran)e !o. Ltd.

88. IFF!O To+(o /eneral Insuran)e !o. Ltd.

8:. L0T /eneral Insuran)e !o. Ltd.

8. L($ert% 1(deo)on /eneral Insuran)e !o. Ltd.

143 M"+" HDI ($$r"& Is!r"

89. Ma Bu*a ealt' Insuran)e !

8C. Nat(onal Insuran)e !o. Ltd.

8=. T'e Ne& Ind(a Assuran)e !o.

8?. T'e Or(ental Insuran)e !o. Ltd

8. Ra'ea BE /eneral Insuran)e

:;. Rel(an)e /eneral Insuran)e !

:8. Rel(#are ealt' Insuran)e !o.

::. Ro%al Sundaram All(an)e Insu

:. SBI /eneral Insuran)e !o. Ltd

:>. S'r(ram /eneral Insuran)e !o

:9. Star ealt' and All(ed Insuran

:C. Tata AI/ /eneral Insuran)e !o

:=. Un(ted Ind(a Insuran)e !o. Ltd

:?. Un(,ersal Som*o /eneral Insu


16/22

DISTRIUTION CHANNEL IN INSURANCE SECTO

INSURAN!E

BAN5

BRO5ERS

INTERNET

A/ENT


17/22

,ESTEL A"&ysis o I%i" Is!r"#$ S


18/22

ECONOMICAL FACTORS INSURANCE INDUSTRY

Adequacy of capital

Increased Economical Activity

Interest Rates

Ination rate

Market related factors

Customer satisfaction


19/22

SOCIO-CULTURAL FACTORS INSURAINDUSTRY

Po*ulat(on L(fe st%le

Edu)at(onal le,el

Le,el of earn(n# So)(etal $ene-ts


20/22

TECNOLO(ICAL FACTORS INSURANINDUSTRY

Ma(nta(n(n# t'e data$ase E2$us(ness (nsuran)e (n Ind(a

Im*a)t on d(str($ut(on )'annels


21/22

!on)lus(on

Ind(a (s amon# t'e (m*ortant emer#(n# (nsu

mar+ets (n t'e &orld. L(fe (nsuran)e &(ll #rora*(dl% o,er t'e net de)ades (n Ind(a. T'e dr(,ers (n)lude sound e)onom() fundamentr(s(n# m(ddle2(n)ome )lass an (m*ro,(n#

re#ulator% frame&or+ and r(s(n# r(s+ a&areT'e fundamental re#ulator% )'an#es (n t'e(nsuran)e se)tor (n 8 &(ll $e )r(t()al for #ro&t'.


22/22

ILIO(RA,HY

&&&.(rda.)om &&&.e)onom%&at)'.)om

'tt*@HHe)onom()t(mes.(nd(at(mes

HPersonal2F(nan)eHInsuran)e &&&.-nan)(alt(mes.)om

&&&.t'e'(ndu$us(nessl(ne.)om
http://www.irda.com/http://www.economywatch.com/http://economictimes.indiatimes.com/Personal-Finance/Insurancehttp://economictimes.indiatimes.com/Personal-Finance/Insurancehttp://www.financialtimes.com/http://www.thehindubusinessline.com/http://www.thehindubusinessline.com/http://www.financialtimes.com/http://economictimes.indiatimes.com/Personal-Finance/Insurancehttp://economictimes.indiatimes.com/Personal-Finance/Insurancehttp://www.economywatch.com/http://www.irda.com/

cp sem 3 ppt.pptx

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