SlideShare a Scribd company logo
Asad-ur-Rehman
Irfan Majeed
Ahsan Jameel
• History
• 4p’s of marketing
• STP
• Needs and Motives
• Motivation Process
• Freudian Theory
• Defense Mechanism
• Vales Model
• Decision Making Process
• Communication Process
• Research Process
• Brand Personality Frame Work
• Innovators and Non Innovators
The insurance act 1938 was the first legislation
governing all forms of insurance. In 1952
government establish Pakistan insurance
corporation to promote the insurance
companies. The state life insurance company is
number corporation 1 NOVEMBER 1972.The
main function of insurance corporation
protection against the possible chances of
generating losses.
• State life Insurance corporation
Adam Jee Insurance corporation
Jubilee insurance
EFU insurance
• Insurance is an arrangement by which a
company to provide a promise of
compensation for specified loss damage or
death in return for payment of a specified
premium
Insurance
Company
Premiums
Claims
HOW INSURANCE WORKS
PRODUCT
PRICE
PROMOTION
PLACE
PRODUCT
A product mean what we produce. An insurance
services sell and therefore services are their product .
PRICE
In the Insurance business the Pricing premium charged against the policies.
6000 -Purchase Policy Package(according to age)
Agreements
Accidental Death Benefit(ADB)
Accidental Injury Benefit(AIB)
Family Income Benefit(FIB)
PLACE
Managing the insurance personnel
and all over the Pakistan.
PROMOTION
Advertising and Publicity
organization of conference and seminars
incentivities to policyholder are impersonal
communication.
Segmentation
Targeting
Positioning
SEGMENTATION
GEOGRAPHIC
Rural , urban
TARGETING
 Our targeting customer are Professional,
Businessman and who's the people of income level
is high 6000 per month.
• POSITIONING
Our main purpose is to get a
leading position in our target customer’s mind
to get higher sales.
• NEED
Acquired need
PROTECT & SAVING
• MOTIVES
Average 100 Sales Representative
person train and send to the market.
Head
Of
Family
EARNING
CAPABILITY
Food Shelter
Clothing
Old
Age
Livelihood
Health
&
Medicine
Daughters Marriage
Higher
Education
for
Children Repayment of Loan
Food Shelter
Clothing
Health
&
Medicine
Old
Age
Livelihood
Daughters Marriage
Head
Of
Family
EARNING
CAPABILITY
Higher
Education
forChildren
Repayment of Loan
Health
&
Medicine
Basic
Education
Shelter
Insurer
Head
Of
Family
EARNING
CAPABILITY
Food Shelter
Clothing
Basic
Education
Health
&
Medicine
Retirement
HigherEducation
Children’s Marriage
Food Shelter
Clothing
Basic
Education
Health
&
Medicine
Retirement
HigherEducation
Children’s Marriage
Insurer
Copyright 2007 by Prentice Hall
Occupation
SEGMENTATION BASE SELECTED SEGMENTATION VARIABLES
Geographic Segmentation
Climate
Density of area
City Size
Region Pakistan,
Major metropolitan areas, small cities, towns
Urban, rural
Temperate, hot, rainy
Demographic Segmentation
Income
Marital status
Sex
Age Under 18-35, 35-45, 45-60.
Male, female
Single, married, divorced, living together
Under $10,000, $25,000-$34,999, $35,000-$49,999,
$50,000-$74,999, $75,000-$99,999, $100,000 and over
Education Not Necessary
Professional, agricultural, military
SEGMENTATION BASE SELECTED SEGMENTATION VARIABLES
Psychological Segmentation
Learning-involvement
Perception
Personality
Needs-motivation Shelter, safety, security,
, novelty seeker,
high-risk
Low-involvement, high-involvement
Psychographic
Subcultures (Race/ethnic)
Religion
Cultures
(Lifestyle) Segmentation Economy-minded,
Pakistani
Muslim
Asian
Family life cycle
Social class Lower, middle, upper
Bachelors, young married,
Attitudes Negative attitude
Sociocultural Segmentation
SEGMENTATION BASE SELECTED SEGMENTATION VARIABLES
Use-Related Segmentation
Brand loyalty
Awareness status Unaware, interested,
some
Use-Situation Segmentation
Location
Objective
Time work, morning,
Personal, achievement
Home, work, friend’s home,
Person Self, family members, friends,
Benefit Segmentation long lasting, economy, value-for-the-money
Freudian
Theory
ID
A person want to
a good policy
insurance.
Superego
A person cannot
have insurance
policy because
he cannot afford
it.
Ego
If the Sum insured
cannot take then to
pay a specially
premium. example of
03 payment plan.
High resources
High Innovation
Low resources
High Innovation
Innovators Life insurance (Sada bhar)
Thinker Life insurance(plan of whole)
Believers Insurance(over all plan)
Achievers Life insurance(Maturity)
Innovativeness
• Sada Bhar
Plan
Dogmatism
• ADB,AIB,FIB
Uniqueness of
need
• Shad Bad Plan
Variety –
Novelty seeking
• Jeeven Sathi
Plan
Murray’s List of Psychogenic Needs
• Acquisition , Achievement
Life insurance(maturity)
• Retention, conservancy
Assets, Cargo , Health
• Nurturer
Life insurance (FIB)
• I recognized that life insurance policy is my
need.
• After reorganization my need I have decided
to prepurchase plan for this purpose make
contract with the insurance company.
• After this contract I am satisfy for this
insurance services.
• Then I purchase premium insurance contract.
COMMUNIC
ATION
CHANNELS
Personnel
selling
TV
Magazines
Radio
Telemarketing
SENDER
ENCODES
MESSAGES
DECODES
MESSAGES
RECEIVER
To understand the process of communication please see the
following model very carefully
• First of all today main problem which the face of
insurance company is that sales doest not increase.
• To certain extent for this purpose company conduct
the researcher adopt quantitative method.
• To solve method In this method first of researcher
collect data questionnaire and use some secondary
data.
• After analyzing all types of data the researcher
conclude that promotion of the company does not
effective and promotion budget not sufficient.
• Company can solve this problem by make their
promotion in a effective way with sufficient budget of
promotion.
Insurance

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Insurance