SlideShare a Scribd company logo
Presented by –
Rishabh Sharma -37
Prerna Pawa - 210
Anushka Raz -121
Saumya Gulati - 346
Heena Kausar -378
Navneet Chandra - 450
Marketing Of Services
HDFC Standard Life Insurance Company (HDFC
Life) is a partnership between
long term in HDFC Ltd., India’s leading housing
finance institution and Standard Life, a global
vestment savings player.
ABOUT THE COMPANY
• Currently HDFC Ltd. Holds 61.63% and
Standard Life (Mauritius Holdings) 2006
Limited holds 35% of equity in HDFC Life,
while the rest is held by others.
• The company has covered over 8.7 lakh
lives over a decade.
• Highest CAGR of 26% AUM in the last 5
years amonst top 7th players including LIC.
OVERVIEW
Organization:- HDFC Life Insurance
Establishment:- August, 2000
Brand:- HDFC
Head Quarters:- Mumbai, India
Offices:- 414 HDFC Life offices in India.
International Offices:- Dubai, UAE with
service associates in Kuwait, Oman and Qatar
Competitors:- SBI Life Insurance, ICICI Prudential.
2
7 PS OF HDFC LIFE: PRODUCTS
.
Protection Plans
.
Retirement Plans
.
Health Plans
Savings and investment plans Children plans Woman’s plans
3
7 PS OF HDFC LIFE: PRICE
.
.
Reasonable pricing policy
It offers value for money services Company has also adopted
penetration policy
Flexible premium paying terms
4
7 PS OF HDFC LIFE: PLACE
.
.
.
It has 412 branches across country Strong distribution channel(includes
services of insurance agents,
insurance brokers)
Liaison office has
been established in
Dubai
Offers service in every part of India Multichannel network of HDFC
Life is in 80 cities in India
5
7 PS OF HDFC LIFE: PROMOTION
It does CSR activities to
improve conditions of
society
Most poplular tagline
“Sir Utha Ke Jiyo”
Successful advertising
campaigns have been launched
via radio, television
Ads are displayed in
magazine, hoardings
and newspaper
Official website that offers
relevant information
6
7 PS OF HDFC LIFE: PEOPLE
7
Board of directors and
management team includes
esteemed members who are
leaders and visionaries
Hdfc Life has a
workforce of more
than 10000
Hdfc life’s finest
investment is its
human resource
They promote diversity in
organization
They promote diversity
in organization
7 PS OF HDFC LIFE: PROCESS
Customer service
providing process is
very easy
Customer can either use the
office or customer support
service
Complete transparency
is there in the process
Online portals are easily
accessible
Responsive website
8
7 PS OF HDFC LIFE: PROCESS
1. You fill the
proposal
form
2. Pay the
applicable
premium
3. Receive a
payment
confirmation
from HDFC
online
4. HDFC life
evaluate your
profile and
ask for
further
requirements
if any
5. You fulfil
all the
requirements
6.Policy is
credited in
your EIA
account
9
7 PS OF HDFC LIFE: PHYSICAL EVIDENCE
10
CUSTOMER LOYALTY PROGRAM
COMPREHENSIVE PROTECTION
Air Accidental death:
• In case of death in an Air accident, your nominated kin will receive a
compensation of Rs. 1 Crore
Emergency Overseas Hospitalization:
Protection worth up to Rs. 15 lakhs against any medical emergency when you are
travelling, and are outside your home country
11
Service Guarantees
• Claim Settlement process in HDFC Life
• Claim Track Record for FY 2018 - 19
• At HDFC Life, we ensure a hassle-free and
uniquely sensitive claim experience. We are
always doing our utmost to enable faster
settlement of claims and our Claims Settlement
Ratio reflects our assurance.
• We have honored 99.03% Individual Claims!*
• Same Day Claims Processing: Claims processed
within 24 business hours for all claims over 3 years
from date of inception**
• Dedicated Claims Assistance:
We provide assistance at every step in the
claim settlement journey from form fill up to
document pick up.
12
EVALUATION PROCESS
HDFC LIFE CLAIM
EVALUATION PROCESS
13
SERVICESCAPE
14
SERVICESCAPE ADVERTISEMENT
https://www.youtube.com/watch?v=BZ9U_5I3Imw
15
CUSTOMER FEEDBACK SYSTEM
Option 1: You can visit the nearest
HDFC Life branch.
Option 2: Write from your registered
email ID at service@HDFCLife.com
• Option 3: Website-https://www.hdfclife.com/customer-
service/grievance-redressal.
16
HOW ONLINE GRIEVANCE REDRESSAL PROCESS WORKS?
17
Level 1:If you are raising a concern for the first time, please fill the form below
18
Level 2
If you are not satisfied with the response from Level 1, you can
reach out to the Associate Vice President - Customer Relations
(Level 2) by submitting the form below
Level 3
19
You can reach out to the Grievance Redressal Officer/Sr. Vice President-Customer Relations
(Level 3) by submitting the form below. You will receive a response within 10 days of form
submission.
SELF SERVICE TECHNOLOGIES
• A broad view of self-service is an effective starting point
when developing innovative ways to enhance the
customer experience.
• Self-service is a strategy or mechanism that enables
people to accomplish tasks on their own
• To run the complete range of business from online tools
and mobile apps to websites and kiosks
If it enables customers to serve themselves
• Finding information
• Making purchases
• Booking reservations
• Managing money
• Checking in— consider it self-service
20
SELF SERVICE TECHNOLOGIES IN HDFC LIFE INSURANCE
Integrated Technology and Processes
• Net banking, 3 click buy, ATM
• Faster processing through STP, e-KYC integration
• Customized NB and renewal collection process
• Mobile applications
21
POWERFUL DIGITAL TOOLS TO SIMPLIFYING CUSTOMER SERVICE IN HDFC LIFE
22
New My Account
One stop self serve solution
for information, transactions
and requests
Email Bot – SPOK
Automated &
instantaneous responses
Insta-suite
mobility apps
On-the-go transactions
and policy management
Twitter Bot -
NEO
On-the-go responses to
simple queries
Effortless
Payment options
Payment apps
Netbanking eSI and
eNACH
Chat Bot – Elle
24*7 service
• Easy access to premium
receipts/statements
SERVICE BLUEPRINT
Physical
Distribution
Customer
Contact
Person
Invisible
Process
Security
Parking
Desk, Papers,
Lobby
Go To
Insurance
Agency
Arrive At
Informati
on Desk
Receive
Necessary
Documents
Fill Up
Forms
Payment
As
Premium
Leave
Registration
System
RegistrationConsultation
Forms,
Documents
Pens,
Stationery
Receipts,
Desk
Exterior
Security
23
THANK-YOU

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HDFC Life Insurance | Marketing of Services | 7 Ps of Services

  • 1. Presented by – Rishabh Sharma -37 Prerna Pawa - 210 Anushka Raz -121 Saumya Gulati - 346 Heena Kausar -378 Navneet Chandra - 450 Marketing Of Services
  • 2. HDFC Standard Life Insurance Company (HDFC Life) is a partnership between long term in HDFC Ltd., India’s leading housing finance institution and Standard Life, a global vestment savings player. ABOUT THE COMPANY • Currently HDFC Ltd. Holds 61.63% and Standard Life (Mauritius Holdings) 2006 Limited holds 35% of equity in HDFC Life, while the rest is held by others. • The company has covered over 8.7 lakh lives over a decade. • Highest CAGR of 26% AUM in the last 5 years amonst top 7th players including LIC. OVERVIEW Organization:- HDFC Life Insurance Establishment:- August, 2000 Brand:- HDFC Head Quarters:- Mumbai, India Offices:- 414 HDFC Life offices in India. International Offices:- Dubai, UAE with service associates in Kuwait, Oman and Qatar Competitors:- SBI Life Insurance, ICICI Prudential. 2
  • 3. 7 PS OF HDFC LIFE: PRODUCTS . Protection Plans . Retirement Plans . Health Plans Savings and investment plans Children plans Woman’s plans 3
  • 4. 7 PS OF HDFC LIFE: PRICE . . Reasonable pricing policy It offers value for money services Company has also adopted penetration policy Flexible premium paying terms 4
  • 5. 7 PS OF HDFC LIFE: PLACE . . . It has 412 branches across country Strong distribution channel(includes services of insurance agents, insurance brokers) Liaison office has been established in Dubai Offers service in every part of India Multichannel network of HDFC Life is in 80 cities in India 5
  • 6. 7 PS OF HDFC LIFE: PROMOTION It does CSR activities to improve conditions of society Most poplular tagline “Sir Utha Ke Jiyo” Successful advertising campaigns have been launched via radio, television Ads are displayed in magazine, hoardings and newspaper Official website that offers relevant information 6
  • 7. 7 PS OF HDFC LIFE: PEOPLE 7 Board of directors and management team includes esteemed members who are leaders and visionaries Hdfc Life has a workforce of more than 10000 Hdfc life’s finest investment is its human resource They promote diversity in organization They promote diversity in organization
  • 8. 7 PS OF HDFC LIFE: PROCESS Customer service providing process is very easy Customer can either use the office or customer support service Complete transparency is there in the process Online portals are easily accessible Responsive website 8
  • 9. 7 PS OF HDFC LIFE: PROCESS 1. You fill the proposal form 2. Pay the applicable premium 3. Receive a payment confirmation from HDFC online 4. HDFC life evaluate your profile and ask for further requirements if any 5. You fulfil all the requirements 6.Policy is credited in your EIA account 9
  • 10. 7 PS OF HDFC LIFE: PHYSICAL EVIDENCE 10
  • 11. CUSTOMER LOYALTY PROGRAM COMPREHENSIVE PROTECTION Air Accidental death: • In case of death in an Air accident, your nominated kin will receive a compensation of Rs. 1 Crore Emergency Overseas Hospitalization: Protection worth up to Rs. 15 lakhs against any medical emergency when you are travelling, and are outside your home country 11
  • 12. Service Guarantees • Claim Settlement process in HDFC Life • Claim Track Record for FY 2018 - 19 • At HDFC Life, we ensure a hassle-free and uniquely sensitive claim experience. We are always doing our utmost to enable faster settlement of claims and our Claims Settlement Ratio reflects our assurance. • We have honored 99.03% Individual Claims!* • Same Day Claims Processing: Claims processed within 24 business hours for all claims over 3 years from date of inception** • Dedicated Claims Assistance: We provide assistance at every step in the claim settlement journey from form fill up to document pick up. 12
  • 13. EVALUATION PROCESS HDFC LIFE CLAIM EVALUATION PROCESS 13
  • 16. CUSTOMER FEEDBACK SYSTEM Option 1: You can visit the nearest HDFC Life branch. Option 2: Write from your registered email ID at service@HDFCLife.com • Option 3: Website-https://www.hdfclife.com/customer- service/grievance-redressal. 16
  • 17. HOW ONLINE GRIEVANCE REDRESSAL PROCESS WORKS? 17 Level 1:If you are raising a concern for the first time, please fill the form below
  • 18. 18 Level 2 If you are not satisfied with the response from Level 1, you can reach out to the Associate Vice President - Customer Relations (Level 2) by submitting the form below
  • 19. Level 3 19 You can reach out to the Grievance Redressal Officer/Sr. Vice President-Customer Relations (Level 3) by submitting the form below. You will receive a response within 10 days of form submission.
  • 20. SELF SERVICE TECHNOLOGIES • A broad view of self-service is an effective starting point when developing innovative ways to enhance the customer experience. • Self-service is a strategy or mechanism that enables people to accomplish tasks on their own • To run the complete range of business from online tools and mobile apps to websites and kiosks If it enables customers to serve themselves • Finding information • Making purchases • Booking reservations • Managing money • Checking in— consider it self-service 20
  • 21. SELF SERVICE TECHNOLOGIES IN HDFC LIFE INSURANCE Integrated Technology and Processes • Net banking, 3 click buy, ATM • Faster processing through STP, e-KYC integration • Customized NB and renewal collection process • Mobile applications 21
  • 22. POWERFUL DIGITAL TOOLS TO SIMPLIFYING CUSTOMER SERVICE IN HDFC LIFE 22 New My Account One stop self serve solution for information, transactions and requests Email Bot – SPOK Automated & instantaneous responses Insta-suite mobility apps On-the-go transactions and policy management Twitter Bot - NEO On-the-go responses to simple queries Effortless Payment options Payment apps Netbanking eSI and eNACH Chat Bot – Elle 24*7 service • Easy access to premium receipts/statements
  • 23. SERVICE BLUEPRINT Physical Distribution Customer Contact Person Invisible Process Security Parking Desk, Papers, Lobby Go To Insurance Agency Arrive At Informati on Desk Receive Necessary Documents Fill Up Forms Payment As Premium Leave Registration System RegistrationConsultation Forms, Documents Pens, Stationery Receipts, Desk Exterior Security 23

Editor's Notes

  1. Photo by Adeolu Eletu - unsplash.com
  2. Photo by Samuel Zeller and Giorgio Tomassetti - unsplash.com
  3. Photo by Adeolu Eletu - unsplash.com