Insurance Sector

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Insurance Sector

  1. 1. Presented by-: Mahek Dhoot
  2. 2. Insurance = Collective bearing of risk
  3. 6. <ul><li>Life insurance corporation of India </li></ul><ul><li>Allianz Bajaj </li></ul><ul><li>Birla Sun-Life </li></ul><ul><li>HDFC Standard </li></ul><ul><li>ICICI Prudential </li></ul><ul><li>ING Vysya </li></ul><ul><li>Max New York </li></ul><ul><li>MetLife </li></ul><ul><li>Kotak Mahindra </li></ul><ul><li>SBI </li></ul><ul><li>TATA AIG </li></ul>
  4. 13. <ul><li>National </li></ul><ul><li>New India Assurance </li></ul><ul><li>Oriental </li></ul><ul><li>United India </li></ul><ul><li>Bajaj Allianz </li></ul><ul><li>ICICI Lombard </li></ul><ul><li>IFFCO-Tokio </li></ul><ul><li>Reliance </li></ul><ul><li>Royal Sundaram Alliance </li></ul><ul><li>TATA AIG </li></ul><ul><li>Cholamandalam </li></ul><ul><li>Export Credit Guarantee </li></ul>
  5. 14. GROWTH OF LIFE INSURANCE SOME FACTS (MAY 2008): HOW THEY STACK UP Premium income of life insurers in Rs crore          April - June Growth % Total Share (%) 2007 2008 LIC 8580.84 7524.56 -12 52.55 ICICI Prudential 1056.45 1,590.27 51 11.11 Bajaj Allianz 731.85 829.24 13 5.79 SBI Life 426.39 1,148.67 169 8.02 HDFC Standard 355.93 490.40 38 3.42 Max New York 289.74 501.16 73 3.50 Reliance Life 204.10 557.33 173 3.89 Birla Sun Life 174.63 501.53 187 3.50 Total Private 3930.95 6,795.64 73 47.45 Total Market 12511.80 14,320.20 14 100.00
  6. 15. Market Share of Private Sector life Insurance Companies
  7. 16. <ul><li>Insurance brokers and agents </li></ul><ul><li>Claims handlers [are responsible for investigating incidents and paying claims. They decide the extent and validity of the claim] </li></ul><ul><li>Underwriters [assess risks and decide whether to accept applications for insurance cover - and on what terms] </li></ul>
  8. 18. Insurance can be summed up as “ Praying for the best … … being PREPARED for the WORST ”.

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