Beruflich Dokumente
Kultur Dokumente
CHAPPTER-1
INDUSTRY PROFILE
Page 1
Page 2
General Insurance
The General Insurance industry in India dates back to the Industrial Revolution and the
subsequent increase in trade across the oceans in the 17th century. As for Life Insurance, the
British brought General Insurance to India, and a similar path was followed in the
development of this industry. A number of private companies were in existence for years and
years until, in 1971, the Indian Government decided that the public interest would be served
by nationalizing the industry, merging all the 107 companies into four companies, depending
on the sort of business transacted (Marine, Fire, Miscellaneous). These were the National
Insurance Company Ltd., the Oriental Insurance Company Ltd., the New India Assurance
Company Ltd., and the United India Insurance Company Ltd. located in Calcutta, New Delhi,
Bombay and Madras respectively. The General Insurance Corporation (GIC) was set up in
1972 as a holding company, having these four companies as its subsidiaries.
Some of the important milestones in the general insurance business in India are:
1907: The Indian Mercantile Insurance Ltd. set up, the first company to transact all classes
of general insurance business.
1957: General Insurance Council, a wing of the Insurance Association of India, frames a
code of conduct for ensuring fair conduct and sound business practices.
Page 3
Page 4
of India (LIC)
Life Insurance Corporation of India (LIC) was established on 1 September 1956 to spread the
message of life insurance in the country and mobilise peoples savings for nation-building
activities. LIC with its central office in Mumbai and seven zonal offices at Mumbai, Calcutta,
Delhi, Chennai, Hyderabad, Kanpur and Bhopal, operates through 100 divisional offices in
important cities and 2,048 branch offices. LIC has 5.59 lakh active agents spread over the
country.
The Corporation also transacts business abroad and has offices in Fiji, Mauritius and United
Kingdom. LIC is associated with joint ventures abroad in the field of insurance, namely, KenIndia Assurance Company Limited, Nairobi; United Oriental Assurance Company Limited,
Kuala Lumpur; and Life Insurance Corporation (International), E.C. Bahrain. It has also
entered into an agreement with the Sun Life (UK) for marketing unit linked life insurance and
pension policies in U.K.
In 1995-96, LIC had a total income from premium and investments of $ 5 Billion while GIC
recorded a net premium of $ 1.3 Billion. During the last 15 years, LIC's income grew at a
healthy average of 10 per cent as against the industry's 6.7 per cent growth in the rest of Asia
(3.4 per cent in Europe, 1.4 per cent in the US).
LIC has even provided insurance cover to five million people living below the poverty line,
with 50 per cent subsidy in the premium rates. LIC's claims settlement ratio at 95 per cent
and GIC's at 74 per cent are higher than that of global average of 40 per cent. Compounded
annual growth rate for Life insurance business has been 19.22 per cent per annum
Page 5
The general insurance industry in India was nationalized and a government company known
as General Insurance Corporation of India (GIC) was formed by the Central Government in
November 1972. With effect from 1 January 1973 the erstwhile 107 Indian and foreign
insurers which were operating in the country prior to nationalization, were grouped into four
operating companies, namely, (i) National Insurance Company Limited; (ii) New India
Assurance Company Limited; (iii) Oriental Insurance Company Limited; and (iv) United
India Insurance Company Limited. (However, with effect from Dec'2000, these subsidiaries
have been de-linked from the parent company and made as independent insurance
companies). All the above four subsidiaries of GIC operate all over the country competing
with one another and underwriting various classes of general insurance business except for
aviation insurance of national airlines and crop insurance which is handled by the GIC.
Besides the domestic market, the industry is presently operating in 17 countries directly
through branches or agencies and in 14 countries through subsidiary and associate
companies.
IN ADDITION TO ABOVE STATE INSURERS THE FOLLOWING HAVE BEEN
PERMITTED TO ENTER INTO INSURANCE BUSINESS: The introduction of private players in the industry has added to the colors in the dull industry.
The initiatives taken by the private players are very competitive and have given immense
competition to the on time monopoly of the market LIC. Since the advent of the private
players in the market the industry has seen new and innovative steps taken by the players in
this sector. The new players have improved the service quality of the insurance. As a result
LIC down the years have seen the declining phase in its career. The market share was
distributed among the private players. Though LIC still holds the 75% of the insurance sector
Page 6
Page 8
Page 10
Employment
Welfare
Officer
Officer
Training
Page 11
Officer
Clerks
Clerks
MANAGEMENT STRUCTURE
BRACH MANAGER
ADMINISTRATIVE OFFICERS
Assistant Branch Manger
officer
Assistant Administrative
Development Officer
Page 12
Staf
Assistant
Typist
Record
Page 13
Clerks
Sub
E
N
V
IR
O
N
M
E
N
T
COMPETENT AND
WILLING WORKFORCE
Organizational
Goals
FUTURE OF HRM
Page 14
CHAPTER-2
COMPANY
PROFILE
Page 15
INTRODUCTION:
Bajaj Allianz Life Insurance Company is a 74:26 joint
venture between Bajaj Auto Limited and Allianz AG, Germany
(formerly Allianz Bajaj Life Insurance Company Limited). It is
the fastest growing private life insurance company in India.
Allianz AG is a leading insurance conglomerate globally and the
largest asset manager in the world, managing assets worth
over 996 billion Euros (Rs. 53, 64,456 crores). At Bajaj Allianz,
customer delight is their guild line principle. It is ensuring
world class solutions by ofering people customized products
with transparent benefits supported by the best technology is
their business philosophy.
HISTORY OF BAJAJ ALLIANZ INSURANCE COMPANY LIMITED:
OF
BAJAJ
ALLIANZ
LIFE
INSURANCE
COMPANY LIMITED:
Bajaj Allianz Insurance Company has the second position
in the Indian private Insurance Sector having steered the Rs.
480 crores. Bajaj Allianz Life (premium income Rs. 220 crore)
has jumped three paces to occupy the fourth slot in the 13
strong life insurance industry. Today the company is in the
midst of pursuing its twin corporate dream goals- to close this
fiscal with a premium income of Rs. 750 crore and occupy the
number three slot displacing the incumbent Birla Sun Life
Insurance Company Limited. Given the daily collections- over
Rs. 1 crore-and its month-on-month growth, the second may
come true sooner.
According to the Insurance Regulatory and Development
Authority (IRDA) figures, the new premium diference between
Page 17
OBJECTIVES
OF
BAJAJ
ALLIANZ
LIFE
INSURANCE
COMPANY
LIMITED:
through
training,
development
performance
appraises.
2. To
secure
willing
cooperation
of
employees
through
provide
maximum
opportunities
for
personal
developments.
4. To provide insurance cover and financial security to every
insurable person.
5. To build cordial relationship among employees.
6. To improve the quality of training.
7. To facilitate the basic necessitates of canteen, restroom etc.,
Page 19
meet
the
needs
of
expansion
and
diversification
programmes
9. To improve the performance of managers at all levels in their
present job.
VISION
MISSION
As a responsible, customer focused market leader, we will strive to understand the
insurance needs of the consumers and translate it into affordable products that deliver
value for money. Bajaj Allianz Life Insurance offers technical excellence in all areas of
Life Insurance as well as Risk Management. This partnership successfully combines
Bajaj Finservs in-depth understanding of the local market and extensive distribution
network with the global experience and technical expertise of the Allianz Group.
ACHIVEMENTS
Bajaj Allianz has received iAAA rating, from ICRA Limited, an associate of Moodys
Investors Services, for Claims Paying Ability.This rating indicates highest claims paying
ability and a fundamentally strong position.
Bajaj Allianz General Insurance has received the prestigious Business Leader in
Page 20
Page 21
New Business in FY
Rs.7
cr
Rs.63.3 cr
Rs.180 cr
Rs.857 cr
Rs.2,717 cr
Rs.4,302 cr
Rs.6,674 cr
Rs.8,043 cr
The rivals include ICICI Prudential Life Insurance Co. Ltd, Reliance Life insurance Co.
Ltd, HDFC Standard Life Insurance Co. Ltd, SBI Life Insurance Co. Ltd and Birla Sun
Life Insurance Co.
FUNCTIONS :
quotation
received
from
insurers
for
consideration of a clients
5. Providing requisites underwriting information as required by
an insurer in assessing the risk to decide price in terms and
condition for loses.
6. Providing services related to insurance consultancy and risk
management.
7. Assisting in the negotiation of the clients.
8. Maintaing proper records of clients.
9. Given instructions from clients and providing him written
acknowledgement and progress report.
Page 23
PRODUCTS
Bajaj Allianz brings to you several innovative products, the details of which you can browse
in this section.
TERM CARE
This plan not only offers you life insurance cover at a low cost, but also provides for return of
premium on maturity. The premium returns at maturity will be equal to the single premium or
the sum total of equivalent annual premium of the Economy Pack (excluding extra premium
charged if any). In case of pre-maturity death during the policy term, the full sum assured will
be paid to the nominee.
The Bajaj Allianz Term Care plan offers you the convenience of choosing between two
premium payment options:
1. Regular Premium Payment: - Premium payment throughout the selected term.
2. Single Premium Payment: - One time premium payment for the selected term at
commencement.
Page 24
Economy: - This is the basic plan, which is available for both the regular and
single premium payment options.
Protect: - This package comes with the following 3 in-built additional benefits:
The
protect
pack
is
available
with
the
regular
The health pack is available with the regular premium payment option only.
Total: - This pack comes with the following 5 in-built additional benefits:
The total pack is available with the regular premium payment option.
premium
3. Debt Fund- This fund provides the scope for steady returns at low risk through
investment in high quality fixed income securities. This fund will be invested fully in
debt instruments.
Page 26
3. Equity Growth Pension Fund: - The investment objective of this fund is to provide
capital appreciation through investment in select equity stocks that have the potential
for capital appreciation.
Page 27
2. Liquid Fund: - The investment objective of this fund is to have a fund that protects
the invested capital through investments in liquid money market and short-term
instruments.
3. Bond Fund: - The investment objective of this fund is to provide accumulation of
income through investment in high quality fixed income securities.
4. Equity Growth Fund: - The investment objective of this fund is to provide capital
appreciation through investment in selected equity stocks that have the potential for
capital appreciation.
5. Equity Index Fund II: - The investment objective of this fund is to provide capital
appreciation through investment in equities forming part of NSE NIFTY.
6. Accelerator Mid-Cap Fund: - The investment objective of this fund is to achieve
capital appreciation by investing in a diversified basket of mid-cap stocks and large
cap stocks.
Key Features: Guaranteed life cover, with a flexibility to choose insurance cover according
to your changing needs.
Presenting a unique investment Asset Allocation Fund wherein you have not
to worry to switch funds in case market condition changes.
A host of optional additional rider benefits which includes assurance to your
family with family income benefit and waiver of premium benefit.
Flexibility of partial withdrawals at any time after three years from
commencement of the policy provided three full years premiums are paid.
TRADITIONAL PLANS
Page 29
INVEST GAIN
It takes only a moment promises and a lifetime to keep them. Keeping promises made to your
loved ones is not just a responsibility, but a commitment that you have to live up to. When
you promise to see your family through thick and thin you need to make sure that you have
planned for all the eventualities that may befall on them. You need to be prepared that even if
there ever is an instant that you are not there with them you have saved enough to see them
through their entire life. We understand this need, which is why we have developed BAJAJ
ALLIANZs INVESTMENT GAIN, the plan that helps you in saying My family ,May you
always be happy!
You can select the unique family income benefit from Bajaj Allianz that ensures total
financial protection for your loved ones. In case of death or accidental total permanent
disability, a guaranteed monthly income of 1% of the sum assured (12% per annum) is paid
till the end of the policy term or at least for a period of 10 years, whichever is higher.
Moreover, all future premiums are waived.
You have the option to add the following additional benefits, providing total protection
against uncertainties.
Family income benefit (FIB) - as already described.
Comprehensive Accident Protection- This benefit provides comprehensive cover in
case of the accident. It comprises of:-
i.
Accidental death benefit- Accidents are always sudden and sometimes fatal.
You cannot lessen the emotional shock, but you can certainly soften the
Page 30
Critical Illness benefit (CI) - Some illness is critical. They not alter ones lifes
pattern but also result in a financial drain. Bajaj Allianz critical illness benefit softens
the impact on the family by paying out the critical illness benefit under the plan
immediately, while other policy benefit continues.
Hospital Cash Benefit (HC) - The worry of setting hospital bill (room charges) adds
to the trauma of hospitalization. Bajaj Allianz Hospital Cash Benefit this financial
burden and helps recovery with peace of mind.
At Bajaj Allianz, we believe in offering benefits and not adjust products. We realize that you
are unique and your needs for insurance vary with time. We therefore offer you the flexibility
of inclusion of coverage and exclusion of coverage at each policy anniversary, subject to
conditions relating to such inclusion and exclusion.
Page 31
ii.
The bid value of units. If the age of the insured person is less than 7 or above 70,
then the bid value of units is paid.
Maturity Benefit: On the life assured attaining age 1000, the bid value of units in the
fund will paid out and the policy will terminate.
Full Withdrawal: Life Long gain offers you the flexibility of full withdrawal by
surroundings all your units, anytime after 3 full years premiums paid. The full
withdrawals are paid out at the bid value of units. On full withdrawal, the policy will
terminate.
Partial Withdrawal: Life Long gain allows you to make partial withdrawals anytime
after all the premiums are paid. This gives you the liquidity and the options to take out
additional money aver and above the guaranteed survival benefit, as and when
required. In case of partial withdrawal, a minimum balance of Rs.10000 at the bid
value of units must be maintained, and the minimum withdrawal amount is Rs.1000.
In case of a partial withdrawal, the subsequent guaranteed survival benefit will be 3%
of Sum Assured less partial withdrawal made.
Key Features: Guaranteed death benefit
Whole life protection with only 10 or 15 years of contribution.
Guaranteed survival benefit that pays 3 % of the Sum Assured every year after the
premium payment are over
Provision for full and partial withdrawals
CHILD GAIN
Are your children destined for greatness? Will they devise the universal currency or solve the
problem of global warming? Will they make music we never heard before or keep shattering
records in sports? Your child can aim for the highest echelons of success, for greatness, and
immortal fame. Your child can dream. But your does you must.
Page 33
4. Assuring your childs future: in an uncertain world. The prime interest of your child
cannot be jeopardized in any way.
In Built Benefits:
SAVE TAX
The following sheet contains the information in a very brief, Such a brief note is ok from the point of general
awareness. But when it comes to actual application one needs to have indepth and up to date knowledge.
Page 34
what
is
it
that
we
can
do
to
save
the
maximum
amount
of
Tax.
Knowing and learning about Income Tax is not as difficult as it seems. If we know all applicable sections and
deductions correctly, there is a possibility we will save the money that we pay to our CAs.
Through this booklet our aim is to help you understand Income Tax and the related laws better. Our motto would
be to talk in your language and make Income Tax planning more interesting and much simpler to understand.
Various Sections relating to Income Tax
As per The Income Tax Act 1961, amended in 2008, there are 9 major sections that we need to understand:
Section 80C: One of the most important sections under the act. This section allows investments up to a
maximum of Rs. 1,00,000 under various instruments. These instruments range from Tuition Fee for your childs
education to investments in Public Provident Fund.
Section
80C:
Deduction
for
Investments
including
Life
Insurance
and
Provident
Fund.
Section 80C was inserted from assessment year 2006-2007. It provides deductions from gross (total) income for
qualified amounts paid or deposited by the assessee in the previous year.
Main Provisions:
The deduction is available only to an individual or a HUF from the gross total income,
Page 35
The maximum amount deductible under section 80C is Rs. 1,00,000. Also the total
amount of deductions under sections 80C, 80CCC and 80CCD is Rs. 1, 00,000.
Page 36
Life insurance premium (Bajaj Allianz Life Insurance)on the life of self, spouse or
child or a member of HUF subject to a maximum of 20 per cent of sum assured,
Contributions (not the repayment of loan) towards statutory provident fund and
recognized provident fund,
Contribution to ULIP (unit-linked insurance plan) of Unit Trust of India and or LIC
Mutual Fund,
Any sum paid (and accrued interest) as subscription to Home Loan Account Scheme
of National Housing Bank or contribution to any pension fund of National Housing
Bank, (AT present Not available)
Any sum paid as subscription to any scheme of public sector company engaged in
providing longterm finance for purchase/construction of residential houses or from the
housing board in India engaged in planning and development of cities.
Page 37
Any sum paid as tuition fees for the admission or otherwise to any
university/college/educational institution in India for full time education for any two
children of the taxpayer.
Amount invested in approved debentures of, and equity shares in, a public company
engaged in infrastructure including power sector or units of mutual fund utilised for
infrastructure,
5-year time deposit in an account under Post Office Time Deposits Rules 1981, and
Deposit in an account under the Senior Citizen Saving Scheme Rules, 2004.
Page 38
Section 80CCC: Retirement planning had never been so lucrative before. You can now save up to Rs. 1, 00,000
for your retirement every year. The earlier cap of Rs. 10,000 has now been removed. But the only point that we
need to keep in mind is that we cannot avail of tax benefits for more than Rs. 1, 00,000 under Sec 80C and
Sec80CCC combined.
Main Provisions:
The deduction is allowed only if such amount is paid or deposited by the taxpayer out
of his income chargeable to tax,
The maximum amount deductible under section 80C is Rs. 1, 00,000. Also the total
amount of deductions under sections 80C, 80CCC and 80CCD is Rs. 1, 00,000.
Surrender value received is taxable in the year of receipt in the hands of the assessee
or nominee.
If deduction is claimed under 80CCC, pension received will be taxable in the hands of
assessee or the nominee in the year of receipt.
Section 80D:. Health Insurance premiums paid for insuring your own health, or that of your spouse, parents and
children also allows you to avail of tax rebates. The maximum amount that you can claim under this section is Rs.
35,000: Rs. 15,000 for self, spouse and dependent children, and Rs. 15,000 for your parents. In case your
parents are senior citizens, the limit goes up to Rs. 20,000.
Eligible
Assesses:
Individual
and
Hindu
Unified
Families
(HUF)
only
Any other insurer approved by the Insurance Regulatory & Development Authority
(IRDA)
Mode of Payment:
Page 39
Deduction:
For non-senior citizens: The amount of mediclaim insurance premium paid or Rs.
15000, which ever is less
For Dependent Parent The amount of mediclaim insurance premium paid or Rs.
15000, which ever is less
For senior citizens: The amount of mediclaim insurance premium paid or Rs. 20000,
whichever is less.
Scope of Coverage:
Section 80DD: Any expenses incurred on the treatment of a handicapped dependent fall under this section. The
upper limit currently stands fixed at Rs. 50,000, and may go up to Rs. 75,000 depending on the severity of the
disability.
Instruments that help you Save Tax:
Life Insurance: All investments made towards Life Insurance are eligible for a rebate u/s 80C of the Income Tax
Act. Life Insurance products with a minimum lock in period of 3 yrs only are eligible for the rebate. Premiums paid
under pension plans of various life insurers are also eligible for Tax rebate. The major advantage of a Life
Insurance product is that they provide tax free interest income.
Page 40
Tuition Fee:
The entire tuition fee paid for up to two children is exempted from tax. Donations of any kind like development fee
etc. are excluded from the same.
Loan on Higher Education:
Those servicing a loan taken for higher education can claim a deduction on the interest paid for the loan u/s 80E
of the Income Tax Act. Currently there is no ceiling on the interest amount that can be claimed under this section.
The principle amount is however completely taxable.
Health Insurance Plans:
Rebate is available u/s 80D of the Income Tax Act, for premiums paid for self, spouse, children and parents. A
limit of Rs.15, 000 is fixed for premiums paid for self, spouse and childrens. There is an additional benefit of Rs.
15,000 on premiums paid for parent(s) and in case the parents are senior citizens, the upper limit increases to
Rs. 20,000.
SECTION
80C
lists
down
the
instruments,
which
you
can
invest
in
order
to
save
tax.
You can invest a maximum of Rs 1 lakh in all these instruments put together and the entire amount of Rs 1 lakh
Page 41
be
You
can
deducted
get
from
deduction
for
your
the
following
taxable
investments
income.
you
make:
1. A life insurance policy or a unit-linked insurance plan (ULIP). The lock-in period for ULIPs is between 3 to 5
years
and
the
returns
vary
depending
on
the
performance
of
your
fund.
However, if your annual premium exceeds 20 per cent of the sum assured on your policy, you will not get the tax
benefit.
2. A retirement benefit plan offered by mutual funds. Examples are the UTI Retirement Benefit Plan and
Templeton India Pension Plan.
3. A Provident Fund, provided that the fund is covered under the Provident Fund Act. This would mean
investments made by you through salary deduction in the Employees Provident Fund (EPF) account as also
investments that you make directly in the Public Provident Fund (PPF). You can invest up to Rs 70,000 in the
PPF. The current rate of return on EPF is 8.5 per cent while that on PPF is 8 per cent.
4. An approved superannuation fund. Usually your employer, on behalf of you, does this by deducting the
investment amount from your salary.
5. National Savings Certificates (NSCs).
6. Equity Linked Savings Scheme (ELSS) offered by mutual funds.
7. Pension policies offered by insurance companies where benefits were earlier available under section 80CCC.
Earlier, there was a limit of Rs 10,000 on such investments; however that ceiling has now been removed.
8. Bank fixed deposits that provide the Section 80C tax benefit. They come in with a lock-in of 5 years.
.
Enjoy Dual Tax Benefits with Life Insurance:
Save tax on Regular Premium payments - All the premiums paid towards insuring
your life are exempted from tax up to Rs. 1,00,000/- as specified in section 80C of the
Income tax act.
Enjoy Tax free Maturity returns - One of the biggest advantages of investing in Life
Insurance policies is that, the complete maturity amount is tax free.
Thus, you save tax not only at the time of investing in a life insurance plan, you also
get completely tax free returns after maturity.
Page 42
UNITGAIN
RISK CARE
TERM CARE
INVESTGAIN
LIFETIME CARE
CHILDGAIN
Page 44
2. PRICE:
The price structure is based on the type of policies. The price variation has to be kept
due to intense competition among private players. Pricing element is very important for
Bajaj Allianz as they want to increase market share. The price of Bajaj Allianz policies
are made as per keeping the customer in mind.
3. PLACE:
3rd Floor, 349 Business Point,
Western Express Highway Road,
Andheri(E).
The locations of every corporate offices of Bajaj Allianz are magnificent. They locate
themselves in a very professional manner. This indicates their corporate approach towards
their work. Work culture is also conducive to such environment.
4. PROMOTION:
Huge advertisements on Television and radios.
Tele-marketing
Promotion in front of corporate offices
Internet Marketing
Page 45
5. PEOPLE:
People are the main assets of financial organization because of service factor attached to it.
Here in this case of insurance business, talented and experienced personnel are required.
Bajaj Allianz recruits highly intellectual persons with good market knowledge. They also
provide training to brief them up about Bajaj Allianz to its new staff members. This is the
reason they are No.1 position in General Insurance among private players. They create an
emotional commitment and strong two-way relationship between the employees and the
Company.
To have clear performance expectations and a clear return from the Company (working
environment, development, reward, career opportunities etc), which helps employees to
make a connection between their contribution and the progress made by the Company.
To inspire and empower people to achieve their best and reward them competitively for
their contribution and provide attractive career opportunities.To build a learning culture
which fosters personal development and professional mobility and upholds values of
professionalism,innovation, pragmatism, team spirit, integrity.To respect and value
individuals, their diversity and support them in their need to balance professional and
personal lives.
6. PROCESS:
The prestigious awards itself speaks the smooth functioning of the insurance activities. They
have the highest claims paying ability and a fundamentally strong position. They want to be
the first choice for insurers in the country. So, they understand the insurance needs of the
customers and translate it into affordable products that deliver value for money.
7. PHYSICAL EVIDENCE:
Physical evidence is the material part of a service. Strictly speaking there are no physical
attributes to a service, so a consumer tends to rely on material cues. There are many
examples of physical evidence, including some of the following:
a) Business cards
Page 46
CHAPTER-3
Page 47
SWOT ANALYSIS
SWOT ANALYSIS
S Strength
W Weakness
O Opportunity
T- Threat
1 STRENGTHS:
A hard nut to crack:
To manage such a big organization, is really a tuff work and the officials and the
departmental heads have well managed it.
NO pain, no gain:
The various department heads and the other officials are doing great efforts and
hard work for the improvement of the organization and facing the competition.
2 WEAKNESS:
A little knowledge is dangerous than no knowledge:
Some people working over here are not fully aware of the working of the
organization and hence they always have to consult each other on even the smallest
matters.
3 OPPURTUNITIES:
A drowning man catches on a straw:
It gets a good level of assistance from the superiors as well as other staff members when
they try to provide some help in the matter which are not meant to be handled, by one
own self.
4. THREATS:
Rotten apples injure their companions:
Some people are lethargic and due to lack of strict supervision, they sit as much as they
can and do nothing.
Page 51
Chapter-5
Learning experience
Page 52
It is clear from the above study that insurance business is mushrooming in the
country. Today there are number of insurance companies offering different
insurance plans with different added advantages. LIC is leading company in the
insurance business in India with a market share of 51.44% followed by BAJAJ
ALLIANZ with a market share of 11.27%.
Page 53
Page 54
BIBLIOGRAPHY
WEBSITES
www.allainzbajaj.com
Page 55
www.iciciprulife.com
www.hdfcstandardlife.com
www.icicibank.com
www.bimaonline.com
www.licindia.com
CHAPTER- 5
Page 56
Page 57