Bancassurance_NITK

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This presentation contain overview of bancassurance

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Bancassurance_NITK

  1. 1. Aditya Pachori 12HM03
  2. 2. Definition Implication Latest News Case References
  3. 3.  Bancassurance means selling insurance product through banks. Banks and insurance company come up in a partnership wherein the bank sells the tied insurance company's insurance products to its clients. Source - http://economictimes.indiatimes.com/definit ion/bancassurance
  4. 4. History • Originated In France • In India after Deregulation Regulators • IRDA • RBI Objective • Insurance to each and every person • Available at most basic financial point
  5. 5. IRDA to release final guidelines on bancassurance next month Canara Bank targets Rs 100 cr income from bancassurance
  6. 6.  Joint venture between the State Bank of India and BNP Paribas Assurance registered with IRDA on 30.03.2001.  State Bank of India --- 74%  BNP Paribas Assurance --- 26%.  Largest banking franchise in India along with its 7 Associate Banks, with a strength of over 14,500 branches across the country, arguably the largest in the world.  BNP Paribas Assurance is the life and property & casualty insurance unit
  7. 7. Net Profit – Rs 622 crores for FY 2011-12. Revenue – Rs 10382 crores. Number One among private life insurer. CEO – Atanu Sen. 23% - Rural segment. CRISIL, ICRA –AAA.
  8. 8. Insurance Company Bank Life Insurance Corporation of India Corporation Bank, Indian Overseas Bank, Centurion Bank, Vijaya Bank, Oriental Bank of Commerce etc National Insurance Co. Ltd. City Union Bank United India Insurance Co. Ltd South Indian Bank Bajaj Allianz General Insurance Co. Ltd Karur Vysya Bank ICICI Prudential Life Insurance Co Ltd. ICICI Bank, Bank of India, Citibank, Federal Bank, and Punjab and Maharashtra Co-operative Bank. HDFC Standard Life Union Bank of India
  9. 9.  http://www.topnews.in/irda-release-final-guidelines- bancassurance-next-month-2381043  http://www.business- standard.com/article/finance/canara-bank-apollo- munich-health-insurance-enter-into-bancassurance-tie- up-113100700744_1.html  http://economictimes.indiatimes.com/definition/bancass urance  http://en.wikipedia.org/wiki/Bancassurance  http://www.slideshare.net/drbkrishna/bancassurance- 2330313  http://www.slideshare.net/harshitpareek5/bancassuran ceppt  http://www.sbilife.co.in/sbilife/common/news.do?conten tid=7131&sectionid=22&adminnewsdetails=0

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