Bajaj Allianz life insurance is a collaboration of two companies namely Bajaj auto which is an Indian company with Allianz AG which has headquarter in Germany. Bajaj life insurance offers numerous policies each having different yet overall benefits for the individuals according to their needs.Allianz life insurance apart from taking care of future investment options for the individual and his family provides for traditional insurance policies Bajaj Allianz life insurance policy is a level term cover up policy which provides maximum health and family safety of the assured.
Bajaj Allianz life insurance is a collaboration of two companies namely Bajaj auto which is an Indian company with Allianz AG which has headquarter in Germany. Bajaj life insurance offers numerous policies each having different yet overall benefits for the individuals according to their needs.Allianz life insurance apart from taking care of future investment options for the individual and his family provides for traditional insurance policies Bajaj Allianz life insurance policy is a level term cover up policy which provides maximum health and family safety of the assured.
This is the presentation i have made on startup called CRED, in this presentation you can get a simplified knowledge about Company Called CRED. Hope you guys like it.
NO of players 4 P’s analysis of Bajaj Electricals,USP of Bajaj Electricals, STP of Bajaj Electricals, SWOT of Bajaj Electricals,BRAND EQUITY of Bajaj Electricals , BRAND IDENTITY of Bajaj Electricals , PLC of Bajaj Electricals
This is the presentation i have made on startup called CRED, in this presentation you can get a simplified knowledge about Company Called CRED. Hope you guys like it.
NO of players 4 P’s analysis of Bajaj Electricals,USP of Bajaj Electricals, STP of Bajaj Electricals, SWOT of Bajaj Electricals,BRAND EQUITY of Bajaj Electricals , BRAND IDENTITY of Bajaj Electricals , PLC of Bajaj Electricals
Bajaj Electricals: A High Voltage TransformationAnkit Akash
Bajaj Electricals: A High Voltage Transformation is a presentation made on the crisis that the company faced in the early 2000's and the turnaround management it followed. It also focuses on corporate restructuring, organizational and financial restructuring. It therefore explains the success story of Bajaj Electricals in India.
PESTLE analysis................................Bajaj auto ltdNikita Bhatkar
PESTLE Analysis is one of the most comprehensive models to study the effect of various forces present in the environment and subsequently prepare oneself to exploit the opportunities and defend against the threats.The presentation has shown this methodology through an example been done for Bajaj Auto. Ltd
The presentation discusses the comparative study of IDBI Federal Life Insurance Co. Ltd. and LIC of India. The comparison is done on the basis of products & plans, market share, new policies issued, grievances resolved percentage, premium collection, claim settlement ratio. The presentation also gives the analysis of customer awareness and satisfaction level for both the companies.
The insurance sector in India is still in its nascent stages. But the Indians are an extremely risk averse race. Thus due to this only the government entities have a good presence and brand
recognition in India and the others have a difficult time carving a space out for themselves in the market.
The study helps to make comparison between the LIC with the new private life insurance company (IDBI Federal Life Insurance Co. Ltd.) on basis of quality of services, consumer satisfaction, awareness, consumer preference, market share, premium collection and their working as a whole. It shows the customer view point with respect to their company.
Insights Success “The 10 Most Valuable Insurance Solution Providers in 2018” In this issue we have presented the leading Insurance Solution Providers delivering customized and innovative insurance services.
A brief presentation of challenges due to globalization with special emphasis to India, prepared for class room presentation at Institute of Management in Kerala
A brief presentation on alternate sources of energy prepared for class room presentation at Institute of Management in Kerala with special emphasis to Indian context.
Cultural issues in management in the international contextSharon Mansoor
Different cultural issues in management in the international context, prepared for class room presentation as part 1 semester MBA class at Institute of Management in Kerala
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
2. Bajaj Allianz Life Insurance Company Limited-Introduction
Joint venture between Bajaj Finserv Limited and Allianz SE
German based Allianz SE is one of the largest insurance companies in the world and India based Bajaj is one of the
biggest 2 & 3 Wheeler manufacturers in the world
Incorporated on 12th March 2001
Head office located at Pune
CEO is Mr. Anuj Agarwal
Total assets of Rs 42,995 Crore
Has 722 offices spread across India
Caters to all financial needs like Protection, Savings, Retirement & Investment of individual and groups
3. Need for a SWOT Analysis
An indicator of the health of a business
Helps forming strategies to tackle possible threats
Helps prepare to tap possible opportunities
Gives an overview of company’s strengths and weaknesses
Allows an outsider to quickly and effectively understand the company
4. (i)Strength
Global Exposure in Insurance Through Allianz SE and Strong Local Implementation by Bajaj
-Allianz SE in 125 years old and operates in over 70 countries. It is the largest insurance
company in the world
-Bajaj is a household name in India and is over 110 years old
Large Network
- 722 offices spread across India
Strong Financial Base
-Total assets of Rs 42,995 Crore
-Reported 40% jump in consolidated net profit on 20th October 2015
(source:moneycontrol.com)
Excellent Services
-Awarded “Best Life Insurance Company-Private Sector” by LOKMAT Banking, “Economic Times
Promising Brand for 2015”
Wide Product Range
- Covers Home, Health, Travel, Two-wheeler, Car and Life insurances
- Plans can be customized for various preferences
5. (ii)Weakness
Lot of Competitors with Better Premiums and Offerings
-Bajaj Allianz insurance premium of Rs 3,923 whereas Edelweiss Tokio offers premium of
Rs 2,923 for insurance of Rs 30 Lakhs, 30 years for a 22 year old male
(source:policybazar.com)
Unfavourable Public Perception Towards Private Sector Insurance Comapanies
-Total asset of LIC is Rs 1560482 Crores V/s Rs 42,995 Crores of Bajaj Allianz
-2,048 Offices of LIC V/s 722 offices of Bajaj Allianz
Low Rural Penetration
-Rural business of 6-7% only
(source: Economic Times, Sep 15,2013)
Long and Complicated Procedures for Getting Insured
-Customers have to undergo lengthy procedures before getting insured
6. (iii)Opportunities
Untapped Markets
-Vast amount of the insurance market is untapped
-27% of India’s health-insurance payouts comes from just 6 cities
(Source:Business standard,9/9/15)
Insurance Offers Security with High Returns
- In a conservative society like India, people are more inclined towards risk free investments (Bank
FDs) over high return investments (Share market). Insurance companies offer them both
India’s Large Population
-India is the second most populous country in the world, and has many children and people
reaching age of retirement
- This provides huge opportunities in health insurance, general insurance and retirement plans
Huge Automobile Sector
- India is one of the largest automobile markets in the world, with over 40 million vehicles
-This provides huge opportunities in two- wheeler as well as car insurance sector
7. (iv)Threats
Large Number of Competitors
-11 Private sector players in Life Insurance sector alone
Increasingly Strict Rules and Supervision by IRDA
-Insurance Regulatory and Development Authority brings in stricter rules everyday, which increases
burden on insurance companies
-Recently IRDA slapped Rs 55 lakh fine on Max Life for violation of rules
(source:livemint.com 22/12/2014)
Increased Capital Flow from Abroad
-Recently the government has cleared a higher FDI cap for insurance sector at 49%
-This might allow the competitors to get capital from abroad
Strong Presence of Traditional Public Sector Competitor
- General public continues to hold favorable view towards public sector companies like LIC over
private sector companies
8. Conclusion
The insurance market in India presents a lot of opportunities. Bajaj Allianz, being one of the largest players
in the field has immense potential in the field. Bajaj Alliance, being a conglomerate of two proven giants
has the right mix of financial power, brand image and experience for achieving growth despite the increase
in competition.
With the gradual change in people’s perception towards private insurance companies, the threat posed by
LIC is decreasing. This will allow Bajaj Allianz to secure a more strong position in India’s insurance market.
