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  • 1. Life Insurance in India • 1870: Bombay Mutual Assurance Society. • 1912-1938 :Insurance Act 1938 passed • 1956: Life Insurance Nationalized. LIC becomes a State monopoly.
  • 2. • 2005 –14: One dominant nationalized player and 13 pvt companies • 2006 –15: Private sector companies - 2 wholly Indian owned. • 2000: Opening of the Insurance sector for private players
  • 3. Introduction •Joint venture between Bharti Enterprises and AXA Group. •74% stake from Bharti and 26% stake of AXA. •Launched its national operations in December 2006.
  • 4. • Over 3000 employees across over 12 states in the country. • Built around the promise of making people "Life Confident“.
  • 5. "As we expand our presence across the country to cater to your insurance and wealth management needs with our product and service offerings, we continue to bring 'life confidence' to customers spread across India. Whatever your plans in life, you can be confident that Bharti AXA Life will offer the right financial solutions to help you achieve them"
  • 6. Types of Life Insurance Policies: • Term Life Insurance Policy • • • • Endowment Life Insurance Policy Money Back Life Insurance Policy Whole Life Insurance Policy Unit Linked Insurance Policy
  • 7. Sandeep Ghosh • CEO. • 20 years of experience in India and overseas, primarily in the financial services sector. CitiBank Royal bank Of Scotland ANZ
  • 8. Saujanya Shrivastava • Chief Marketing Officer. • 16 years of experience in Sales & Marketing. Cadbury PepsiCo Future Group
  • 9. Ulhas Deshpande • Chief HR Officer. • 25 years he has wide range of experience with the Manufacturing sector. Glaxo, Novarti s, Parke-Davis IDBI Bank Adventity Global Services
  • 10. Rajeev Kumar • Chief & Appointed Actuary. ICICI Prudential Life Insurance Max New York Life Insurance
  • 11. Corporate Governance •Well-experienced and diverse BOD •Adoption of transparent procedures and practices •Ensuring compliance •Creation of committees
  • 12. •Ensuring complete and timely disclosure. •Informal meeting of independent directors. •Reviewing regularly and establishing effective meeting. •Well defined corporate structure.
  • 13. Governance Structure a)Strategic Supervision and Direction. b) Control and implementation. c) Operations management. d) Risk Committee.
  • 14. Products • • • • • • Protection Plans Bharti AXA Life eProtect Bharti AXA Life Elite Secure Bharti AXA Life Family Income Secure Bharti AXA Life Protect Plus Bharti AXA Life Premium Waiver Rider
  • 15. • Wealth Creation With Protection • Bharti AXA Life Child Plans – Bharti AXA Life Bright Stars EDGE – Bharti AXA Life Power Kid Insurance Plan • Bharti AXA Life Guaranteed Plans – Bharti AXA Life Secure Income Plan – Bharti AXA Life Flexi Save – Bharti AXA Life Monthly Income Plan – Bharti AXA Life Aajeevan Sampatti – Bharti AXA Life Young India Plan – Bharti AXA Life Secure Savings Plan • Other Market Link Plans – Bharti AXA Life Future Invest
  • 16. • Health Plans • Bharti AXA Life Triple Health Insurance Plan • Bharti AXA Life EasyHealth • Bharti AXA Life Hospi Cash Benefit Rider
  • 17. Bharti AXA Life e-Protect • • • • • Plan which protects your family. A Unique {Family Care} Benefit. Reward for Non-Smokers. Hassle FREE Process. Tax [Benefits].
  • 18. Bharti AXA Life Aajeevan Sampatti Key Features: • Lifelong Benefits. • DISCOUNT on opting Higher Sum Assured • Guaranteed {Payouts} Benefit. • Cash Bonuses. • Tax [Benefits].
  • 19. Bharti AXA Life Triple Health Insurance Plan Key Features: • Claim for up to a maximum of three times • Waiver of Premium • Sum Assured on critical illness • Maturity [Benefit] • Death [Benefit] • Tax [Benefits]
  • 20. Life Insurance - Protect Plus What you will get? • Financial Protection for your family • Guaranteed Cash Back on maturity • You receive tax benefits under section 80C and 10
  • 21. Child Insurance Plan - Power Kid What you will get? • Two policy terms- 15 & 20 years • Provision of Emergency Allowance • Additional Accidental Death Benefit
  • 22. • Loyalty bonus and Settlement Option • You will receive tax benefits for premiums paid as well as benefits received under Section 80C and 10 (10D).
  • 23. Health Insurance Plan - Easy Health Plan What you will get? • Extremely affordable protection. • Easy health covers you with a single premium at one go for 3 years. • Daily Hospital Cash Benefit options. • Get additional protection in case of hospitalisation due to an accident and for hospitalisation in an ICU.
  • 24. • Get Well Soon benefit for continuous hospitalisation of 7 days or more • Simple and easy to enroll. • Tax benefits
  • 25. Strategies for future • To achieve a market position among the top 5 Insurance Companies. • To adapt AXA's best practice blueprints as a sound platform for efficient and profitable growth. • To leverage Bharti's local knowledge, infrastructure and customer base. • To deliver high levels of shareholder return.
  • 26. • To build long term value with our business partners by enhancing the proposition to their customers • To be the employer of choice to attract and retain the best talent in India • To be recognised as being close and qualified by our customers
  • 27. Conclusion • Bharti AXA has won many awards under various categories and is a trust worthy entity. • This company works considering its customer base and their benefits.
  • 28. Thank you