Preview

Projects: Life Insurance

Powerful Essays
Open Document
Open Document
14353 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Projects: Life Insurance
PROJECT FINAL REPORT

ON

Agency business model of insurance companies “competitive strategies”

BY
SUBODH GUPTA
(07BS4336)

SBI Life Insurance Company Limited

Summer Internship Project
(Batch of 2009)

PROJECT TITLE

Agency business model of insurance companies “competitive strategies”

A report submitted in partial fulfillment of the requirements of MBA program

COMPANY GUIDE FACULTY GUIDE
Mr. Suresh Kumar V. Prof. T.N.Ramakumar
DSM, Calicut branch ICFAI Business School KOCHI

SUBMITTED BY

SUBODH GUPTA
(07BS4336)

Certificate

This is to certify that the project report entitled “Agency business model of insurance companies competitive strategies” at SBI Life Insurance Company Limited is a bonafide record of work done by Subodh Gupta, and submitted in partial fulfillment of the requirements of MBA program of ICFAI Business School, Kochi.

Prof. T. N. Ramakumar
Faculty Guide
IBS kochi

TO WHOMSOEVER IT MAY CONCERN

This is to certify that Mr. Subodh Gupta, doing MBA at ICFAI Business School, Kochi has done a project entitled “Agency business model of insurance companies competitive strategies” at SBI Life Insurance company Limited, Calicut Branch from February 22, 2008 to May 24, 2008.
From SBI Life Insurance Company LTD.

Mr. Suresh Kumar V.
Divisional Sales Manager
Calicut Branch
Declaration

I hereby declare that this report on “Agency business model of insurance companies competitive strategies” has been written and prepared by me during the academic year 2008-2009.This project was done under the able guidance and supervision of Prof. T.N. Ramakumar, Faculty, ICFAI Business School and Mr. Suresh Kumar V., DSM, SBI Life Insurance Company Ltd., Calicut in partial fulfillment of the requirement for the Master Of Business Administration Degree course of the ICFAI Business School.

I also declare that this project is



References: |Books |Magazines |News papers |Internet | |Insurance in India |Business world |The Hindu |IRDA website | |Insurance distribution (ICFAI |Magazines on investment |Business Line |Google search | |Publications) | | | | |Insurance industry (ICFAI | |Economic Times |Websites of different insurance | |Publications) | | |companies |

You May Also Find These Documents Helpful

  • Powerful Essays

    The insurance industry is one of the basic service industries in Chinese economy, whose prospect is reflective of the economic resilience of the economy. With the globalization of the economy, China has become the playground of major global insurance players. As whole insurance industry is a very large field for research we have chosen life insurance industry of the booming segment of insurance industry, for research purpose. The major objectives of the study are as below: • To find out how political, economical, socio-cultural, technological factors affecting this industry by PEST analysis. • To find out how the market condition and what level of competition is in China. • To analyze opportunities for the industry • To Set up marketing objectives and select an entry strategy Global expansion is the foundation to becoming a multinational firm. When attempting to enter into foreign markets, selection of the proper strategies and alliances play a critical role in determining company success. The purpose of this report is to review Chinese…

    • 6216 Words
    • 25 Pages
    Powerful Essays
  • Powerful Essays

    The Training including a research in the form of survey has been carried out as a part of course curriculum in MBA. I acknowledge the assistance provided by Mr. SANDEEP MISHRRA, REGIONAL MANAGER,SALES DEVELPOMENT, Delhi&U.P, MAX NEW YORKLIFE INSURANCE CO.LTD, , Ms.SAPNA,MANAGER TRAINING AND Ms.DEEPTI SHARMA, MANAGING PARTNER, MAX NEWYORK LIFE INSURANCE CO.LTD who have helped me a lot in completion of my training.…

    • 14389 Words
    • 58 Pages
    Powerful Essays
  • Powerful Essays

    Shetcliffe, J. (2007, February). Strategic management. Insurance Brokers ' Monthly and Insurance Adviser, 57(2), 20,22. Retrieved October 11, 2007, from ABI/INFORM Global database. (Document ID: 1218918781).…

    • 1170 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    By analyzing this data the goal is to produce a predictive model of agent and agency performance in an attempt to figure out the most important predictors of successful sales performance. This model would allow increased focus and training based on the predictors to maximize sales by the life insurance agents and their prospective agencies as a whole.…

    • 676 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Churchill Insurance is one of the pioneers in general insurance industry in UK. It today covers all aspects or general insurance from car to pets. Insurance industry within in the UK is one of the largest industries and is a big contributor to the total economy of UK. Moreover UK is the biggest insurance industry in Europe and is third largest in the world making insurance companies interested in this sector and this country. It has been awarded as the Best Motor Insurance Provider 2006, 2007 and many others in the last few years.…

    • 3292 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    • John A Pearce II, Richard B Robinson, Jr, Strategic Management, Tata McGraw, New Delhi, 9th edn., 2005…

    • 10914 Words
    • 44 Pages
    Good Essays
  • Powerful Essays

    Risk Management

    • 10243 Words
    • 41 Pages

    overall business activities and the strategy of the firm. Finally, the paper provides a risk…

    • 10243 Words
    • 41 Pages
    Powerful Essays
  • Good Essays

    The first issue is on the insurer’s financial capacity. This is what gives the potential policy holder but a glimpse on the insurance company’s ability. It equips one with the knowledge and hope for a brighter future when it comes to claiming of benefits. This should top the list of one’s priorities when deciding on the insurance firm to do business with (Brinda, 2014). Some insurance companies are better placed financially compared to others. The length of a given term period is sufficient to give some clue on the company’s financial capability.…

    • 623 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Strategies for Insurance Companies October 2008 Profits mostly on spread Cash flows to reinvest Liabilities payable on pre-set dates Difficult to find assets to match liability flows Embedded options Investment performance guarantees Potential reinsurance settlement time lags Claims volatility Managing Assets and Liabilities: Strategies for Insurance Companies 7 Nissan Mutual: long-term rate guarantees General American: cashable debt instruments Baldwin United: long-term assets and liabilities that became short-term Jamaica financial crisis ◦ Deposit-like liabilities ◦ Long-term real estate assets ◦ Interest rates increased Asset values declined Liquidity was inadequate to meet liabilities Managing Assets and Liabilities: Strategies for Insurance Companies 8 All lines of business All risks requiring…

    • 1855 Words
    • 20 Pages
    Powerful Essays
  • Powerful Essays

    FINAL

    • 10063 Words
    • 50 Pages

    Patricia Aurora M. Cruz. (2013, Feb 10). Braille Accessibility Still Limited. Retrieved from Vera Files. Website: http://pwdfiles.verafiles.org/Braille-accessibility-still-limited/…

    • 10063 Words
    • 50 Pages
    Powerful Essays
  • Powerful Essays

    With the largest number of life insurance policies in force in the world, Insurance happens to be a mega opportunity in India. It’s a business growing at the rate of 15-20 per cent annually and presently is of the order of Rs 1560.41 billion (for the financial year 2006 – 2007). Together with banking services, it adds about 7% to the country’s Gross Domestic Product (GDP). The gross premium collection is nearly 2% of GDP and funds available with LIC for investments are 8% of the GDP.…

    • 6384 Words
    • 26 Pages
    Powerful Essays
  • Good Essays

    Bajaj Allianz

    • 8824 Words
    • 36 Pages

    I hereby declare that the project entitled on the Study of life insurance & marketing strategies of BAJAJ ALLIANZ LIC Ltd, Firozabad (A branch of BAJAJ ALLIANZ LIC Ltd.) submitted to the ITS, Ghaziabad in partial fulfillment of the degree of Master OF Business Administration (MBA) is my original and not submitted for award of any other degree, diploma or other similar award.…

    • 8824 Words
    • 36 Pages
    Good Essays
  • Powerful Essays

    Insurance and Technology

    • 9821 Words
    • 40 Pages

    We are grateful for the participation of the microinsurance and technology experts who contributed their time and ideas. Their words and experience form the foundation of this study (see Appendix for details). • Vijay Aditya, Co-Founder & CEO, ekgaon • Delwar Hossain Azad, Head of Financial Services, Grameenphone • Vijay Babu, CEO, Vortex Engineering Pvt. Ltd. • Alexandre Badolato, Founder, Alexandre Badolato Consultores • Ken Banks, CEO, kiwanja.net • Calvin Chin, CEO, Qifang Inc. • Mark Davies, Founder, Esoko • Eric Gerelle, Director, IBEX Project Services • Rishi Gupta, Director and CFO, FINO • Jonathan Hakim, ARK Mobile Finance • François-Xavier Hay, Directeur des Partenariats, MACIF Group • Jonathan Jackson, Founder & CEO, Dimagi, Inc. • Vijay Kalavakonda, Senior Insurance Specialist, World Bank • Richard Leftley,…

    • 9821 Words
    • 40 Pages
    Powerful Essays
  • Powerful Essays

    Research Proposal

    • 3004 Words
    • 13 Pages

    I declare that this research proposal is my original work in partial fulfillment for the award of the degree in bachelors of business management and has not been submitted for assessment in any other institution of learning.…

    • 3004 Words
    • 13 Pages
    Powerful Essays
  • Satisfactory Essays

    Literature Review

    • 407 Words
    • 2 Pages

    This article is on a comparative study on the business model and financial performance of SBI and ICICI Bank. This research study will help the banking industry, both the public and private sector, for the improvement or change in the business model and financial performance specially the State Bank of India and ICICI Bank. The study will also help the customer for the choice of bank for availing services.…

    • 407 Words
    • 2 Pages
    Satisfactory Essays

Related Topics