presentation- Reliance

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Presentation on Reliance Life Insurance

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presentation- Reliance

  1. 1. BY:- AMIT KUMARAMIT KUMAR 1
  2. 2. COMPANY PROFILE OF RELIANCE LIFE INSURANCEFew men in history have made as dramatic a contributionto their country’s economic fortunes as did the founder ofReliance, Shri. Dhirubhai Ambani. Fewer still have leftbehind a legacy that is more enduring and timeless.Reliance Life Insurance Company Limited is a part ofReliance Capital Ltd. of the Reliance - Anil DhirubhaiAmbani Group. AMIT KUMAR 2
  3. 3. COMPANY PROFILE OF RELIANCE LIFE INSURANCEReliance Capital is one of India’s leading private sectorfinancial services companies, and ranks among the top 3private sector financial services and banking companies, interms of net worth. Reliance Capital has interests in asset management andmutual funds, stock broking, life insurance and generalinsurance, proprietary investments, private equity and otheractivities in financial services. AMIT KUMAR 3
  4. 4. CORPORATE MISSION“To set the standard in helping our customersmanage their financial future”. AMIT KUMAR 4
  5. 5. RELIANCE LIFE INSURANCE PLANSProducts (Individual Plans)Savings (Endowment)Reliance Endowment PlanReliance Special Endowment PlanReliance Cash Flow PlanReliance Child PlanReliance Whole Life PlanPensionsReliance Golden Years Plan AMIT KUMAR 5
  6. 6. RELIANCE LIFE INSURANCE PLANSInvestmentsReliance Market Return PlanRisk / ProtectionReliance Term PlanProducts (Group / Corporate Plans)Risk (Protection)Reliance Group Term Assurance Policy AMIT KUMAR 6
  7. 7. RELIANCE LIFE INSURANCE PLANSReliance EDLI SchemePensions Reliance Group Gratuity Policy Reliance Group Superannuation Policy Reliance Money Guarantee Plan AMIT KUMAR 7
  8. 8. MAJOR PLAYERS IN THE INSURANCE INDUSTRY IN INDIALife Insurance Corporation of India (LIC)HDFC Standard Life Insurance Company Ltd.Max New York Life Insurance Co. Ltd.ICICI Prudential Life Insurance Company Ltd.Om Kotak Mahindra Life Insurance Co. Ltd.Birla Sun Life Insurance Company Ltd. AMIT KUMAR 8
  9. 9. DATA GIVES BENEFITS OF INSURANCE PERCEIVED BY RESPONDENTS 25% Cover Future Uncertainty Tax Deductions 55% Future Investment 20% AMIT KUMAR 9
  10. 10. DATA PROVIDES NUMBER OF INSURANCE POLICY TYPE RESPONDENTS NATURE OF POLICY LIFE POLICY 31% NON LIFE 52% POLICY BOTH 17% AMIT KUMAR 10
  11. 11. DATA SHOWS PEOPLES HAVING INSURANCE 30% 70% Yes No AMIT KUMAR 11
  12. 12. DATA SHOWS SATISFACTION OF RESPONDENTS WITH RESPECT TO SERVICE AGENT 45.00% 55.00% Satisfied Not satisfied AMIT KUMAR 12
  13. 13. DATA SHOWS RESPONDENT’S INVESTMENTS FOR TAX SAVING 6% 12% 29% 14% 18% 19% LI NSC BOND PPF PF EPF AMIT KUMAR 13
  14. 14. DATA SHOWS RESPONDENTS PERCEPTION ABOUT BESTFORM OF INVESTMENT FOR SECURING THEIR FUTURE Fixed Assets 32% Bank deposits 30% Cash & Jewellery Securities i.e. bonds, MFs 4% 5% Shares 17% 11% Insurance AMIT KUMAR 14
  15. 15. CONCLUSIONAs people think that insurance is a tool to protect their familyand a tax saving device. They are aware of the fact and realizingits importance. The company should try to expand and build itsinfrastructure because there is a large potential of insurance inIndia.Reliance Life Insurance is a leading company when it comes toinsurance and it will easy for them to penetrate into the marketand secure a vunerable position if they pay greater attention tothe services provided to their customer and thereby forming along and trusted relationship. AMIT KUMAR 15
  16. 16. CONCLUSIONAs reflected in the survey that at present 70% of thecustomers are having insurance policies, out of which 87.5%of them are planning for new investments. So, it can be a goodpotential for the company and an attempt is to be made to trapthese customers.Also, 43% of the customers are even ready to go forinsurance if a service providers approach them at there homeat a convinent time. So, the company should try and adhere tothis policy. AMIT KUMAR 16
  17. 17. QUESTIONNAIRE1. Are you employed? Yes No2. Do you have any insurance policy? Yes No3. Which insurance policy do you have? Life Non-Life Both4. Which insurance company policy you prefer most? LIC ICICI Prudential SBI Insurance Reliance Life Insurance Tata AIG Life Any Others_________________(Specify)5. For how many years do you have insurance policy? <5 5-10 10-15 Any Others AMIT KUMAR 17
  18. 18. 6. What do you think are the benefits of insurance cover? Cover Future Uncertainty Tax Deduction Future Investment Future Investment Any Other____________________(Specify)7. Which features of your policy attracted you to buy? Low Premium High Risk Coverage Money Back Guarantee Reputation of Company Easy Access to Agent Any Other____________(Specify)8. Your monthly income? <5k 6k-10k 11k-15k Other_______9. Do you really think insurance policy cover in today’s scenario? _____________________________________________________ AMIT KUMAR 18
  19. 19. 10. What is your perception about insurance? A Saving Tool A Tax Saving Device A Tool To Protect the Future11. How has/Would you bought/Buy an insurance? Customer Approach Insurance Company Insurance Company approach Customer12. Are you satisfied with your policy? Satisfied Saving Tool Not Satisfied Not Responding13. Are you satisfied with the service agent? Satisfied Saving Tool Not Satisfied Not Responding14. Do you pay taxes? Yes No15. Where have you invested for tax saving? Fixed Assets Bank Deposits Jewelries Shares Insurance Others_______ AMIT KUMAR 19
  20. 20. 16. Which is the best form of investment? LIC Bonds NSC PPF17. What do you intend to gain from investment? Saving & Returns Securities Tax Benefits18. What’s the right age to buy insurance? After 18 After 25 After 30 Others______19. Are you planning for new investment? Planning Not Planning20. What would you look for in an insurance companies? A Trusted Name Friendly Service & Responsiveness Good Plans Accessibility AMIT KUMAR 20
  21. 21. THANK YOUAMIT KUMAR 21

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