Quality of Work in Insurance Sector
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Transcript of Quality of Work in Insurance Sector
QUALITY OF WORKIN
INSURANCE SECTOR
GROUP MEMBERS
Sumit Tiwari
Shweta Baidya
Tarun Daga
AGENDA
Insurance Sector-Overview
Major Market Players
Life- At Work
Life- Beyond Work AVIVA Life Insurance TATA AIG
OVERVIEW
Market size in year 2007- $47.89bn.
It constituted 4.8% of GDP.
Industry to be worth $60.5bn in year 2010.
Largest life insurance policies in world.
Inclusion in Million Dollar Round Table.
18 active market players in India.
MAJOR MARKET PLAYERS
48.1
13.7
10.3
6.2
4.1
3.4
3.4
2.4
1.91.8 1.51.41.20.3 0.2
LIC
ICICI Prudential
Allianz Bajaj
SBI Life
HDFC Standard
Birla Sunlife
Reliance Life
Max New York
Om Kotak
Aviva Life
Tata AIG
MetLife
ING Vysya
Shriram Life
Bharti Axa Life
LIFE- AT WORK
Remuneration Fixed Salary Commission & Incentives
Targets Number v/s Value
Pressure Travel Computer Related Disorders (CRD) Freelance Brokers Supervisor Behaviour Ambivalent Attitude of Job
Flexible Working Hours
LIFE- BEYOND WORK
Encouragement to Employees Work as per schedule Flexibility to take up part time jobs
Work-Life Balance Initiatives Flexible working hours Movie mania
Events and Celebrations International women’s day Month long anniversary celebration Festival and theme based events
LIFE- BEYOND WORK
Support to Family Different insurance schemes for family members
Outings and Celebrations Regular outing every six months Festival celebrations in the office premises
Employee of the Quarter/Year
Activities Organized by Company Cricket and football matches Quizzes and crossword competitions
THANK YOU!!