EMERGENCE OF NEW

INSURANCE PLAYERS IN INDIA

:Prepared By:
Alfiya Vhora
Arin Zota
Chirag Jariwala
Manan Dholakia
Neha Ram
Upasana Tripathi
 TODAY’S PRESENTATION
• What Is Insurance
• Types of Insurance
• New Entrants
• Insurance Companies
• Insurance Sector & Indian Economy
• Recession & Insurance Sector
• Marketing Strategy
• Who Rules…?
• ULIP as a Good Investment
 What is Insurance?

• A policy from a large financial institution that

offers a person, company, or other entity
reimbursement or financial protection
against possible future losses , death.
 Types of Insurance
• Life Insurance
• General Insurance
I. Fire Insurance
II. Marine Insurance
III. Inventory Insurance
IV. Health Insurance
V. Business Insurance
VI. Other insurance
 Insurance Companies

General & Life Insurers General Insurers

• Future Generali India
• Bajaj Allianz
• IFFCO TOKIO General
• Birla Sun Life
Insurance
• HDFC Standard Life
• Oriental Insurance Co.
• ING Vysya
• New India Assurance
• Max NewYork Life
• Bharti Axa General Ins.
• Met Life
• Chola Mandlam General Ins
• SBI Life
• DKV Insurance Company
• Kotak Mahindra
• ERGO General Ins Co.
• Tata AIG
 NEW ENTRANTS…
• Future Generali Ins Co.
• AEGON Religare
• IDBI Fortis
• Shriram Life Ins Co.
• Bharti AXA life Ins Co.
• Canara & HSBC life Ins Co.
• Star union Dai-ichi Life Ins Co.
 Who Regulates….?

IRDA (1999)
• Insurance Regulatory Development Authority

• Protect the interest of the policy holder , to

regulate, promote & ensure orderly growth of
Insurance Industry.

http://www.irda.org
 DIFFERENT TYPES OF PRODUCTS
TRADITIONAL PLANS UNIT LINKED PLANS

• It includes Pure life • It includes investment plus

insurance plans… safety plans…
- Whole life plan -Children plans
- Term plan -Retirement plans
- Money back plan -Simple Equity related
plans
 Product differentiation…

• Less charge products.

• Guarantee return plans.

• Different plans.

• More fund options.

• auto switching options.

 Comparison

TRADITIONAL PLANS UNIT LINKED PLANS

• Return- LESS MORE

• Safety- MORE MODERATE

• Tax Benefits - YES YES

• Liquidity - NO YES
http://India.dalalstreet.biz
(2009)

http://India.dalalstreet.biz
INSURANCE SECTOR AND INDIAN ECONOMY

• GDP

• Generates long term funds for infrastructure

• Social security to rural people

• Employment generation
 RECESSION AND INSURANCE SECTOR

• Affected most of the industries

• Strong Banking and Insurance Sector

• Large population and untapped potential

• Estimated to grow by 200% in 2010-11

according to ASSOCHAM
 Marketing Strategies of New Company
• Direct Marketing.
• Create hierarchy
• aggressive sales force
• expansion
• combo products
• incentives
• lead base selling
• innovative plans
• Direct customer service
 Still who rules….
• LIC:- Life Insurance Corporation of India.

• Highest market share of 64%.

• No harm from new private players.

• Best in services.

• Customers confidence.

• Government support.
 Good Option to Invest..
MF or Equity Property F.D ULIPS

Returns   X 

Safety X   

Tax Benefit X X  

Liquidity  X X 
IF ANY !!!