Final Presentation Insurance

8/4/2019 Final Presentation Insurance

1/32

CAN YOU BE SURE AS TO

WHAT MAY HAPPEN TOU IN THE NEXT FEW

MINUTES???????


2/32

DO YOU LOVE YOUR NEAR

AND DEAR ONES AS MUCHAS YOU LOVE

YOURSELF????


3/32

DO YOU WANT TO BE

FINANCIALLY SECURE IN

THE EVENT OF ANYUNFORSEEN CALAMITY???
http://images.google.co.in/imgres?imgurl=http://i.dailymail.co.uk/i/pix/2009/03/25/article-1164729-02FEEE740000044D-450_468x501.jpg&imgrefurl=http://atlasshrugs2000.typepad.com/atlas_shrugs/deathspeak_language_of_ther_absurd/&usg=__k6cGJ1UQMCLLx760MFw9vY1uEjs=&h=501&w=468&sz=70&hl=en&start=33&um=1&tbnid=FgGazwbiCkWBaM:&tbnh=130&tbnw=121&prev=/images?q=demoloshing+world+trade+centre&ndsp=20&hl=en&safe=active&sa=N&start=20&um=1


4/32

Invest the next 15 minutes of

your time to understandINSURANCE in the right

perspective...


5/32

What is insurance?

The definition of insurance canbe made from two points:

FUNCTIONAL DEFINITION.

CONTRACTUAL DEFINITION.


6/32

FUNCTIONAL DEFINITION

Insurance is a co-operative device to spreadthe loss caused by a particular risk over a

number of persons who are exposed to it and

who agree to insure themselves against the risk.

CONTRACTUAL DEFINITION In the words of justice Tindall, Insurance is a

contract in which a sum of money is paid to the

assured as consideration of insurers incurring therisk of paying a large sum upon a given

contingency.


7/32

Why insurance???

PRIMARY REASONS

Life is full of uncertainties

Provides the much required RISK COVERServes as a financial buffer in the wake of any

unfavorable and un-foreseen circumstances

Ensures that near and dear ones are not left in financial

doldrums due to any exigencyThe risk cover that insurance provides has no parallels in

the financial world


8/32

Why insurance ???

SECONDARY REASONS

Money back plans provides an element of liquidity

by returning a portion of the sum assured at

regular intervals. This is in addition to the risk

cover

Unit linked plans invest a percentage of the

premiums in market securities and provide returns.This combines market linked returns along with

risk cover


9/32

TYPE OF INSURANCE


10/32

GENERAL INSURANCE

General insurance or non-life insurance

policies, including automobile and

homeowners policies, provide paymentsdepending on the loss from a particular

financial event. General insurance typically

comprises any insurance that is notdetermined to be life insurance.
http://en.wikipedia.org/wiki/Life_insurancehttp://en.wikipedia.org/wiki/Life_insurance


11/32

TYPES OF GENERAL INSURANCE

FIRE INSURANCE

MARINE INSURANCE

MARINE INSURANCE
http://www.google.co.in/imgres?q=disaster&hl=en&gbv=2&biw=1280&bih=605&tbm=isch&tbnid=2ElPzH1QQZeqQM:&imgrefurl=http://cjarabia.blogspot.com/2011/03/disaster-on-day-10-do-not-panic-remain.html&docid=T4RhHJUt4lZY4M&w=500&h=336&ei=EopjTtr1EJHQrQeL7qSdCg&zoom=1http://www.google.co.in/imgres?q=disaster&hl=en&gbv=2&biw=1280&bih=605&tbm=isch&tbnid=2ElPzH1QQZeqQM:&imgrefurl=http://cjarabia.blogspot.com/2011/03/disaster-on-day-10-do-not-panic-remain.html&docid=T4RhHJUt4lZY4M&w=500&h=336&ei=EopjTtr1EJHQrQeL7qSdCg&zoom=1http://www.google.co.in/imgres?q=disaster&hl=en&gbv=2&biw=1280&bih=605&tbm=isch&tbnid=2ElPzH1QQZeqQM:&imgrefurl=http://cjarabia.blogspot.com/2011/03/disaster-on-day-10-do-not-panic-remain.html&docid=T4RhHJUt4lZY4M&w=500&h=336&ei=EopjTtr1EJHQrQeL7qSdCg&zoom=1


12/32

CROP INSURANCE

MOTOR INSURANCE


13/32

LIFE INSURANCE

Life insurance is a writtencontract between the

insured and the insurer,

that provides for thepayment of the insured

sum on the date of the

maturity of the contract or

on the unfortunate death

of the insured, whichever

occurs earlier
http://www.google.co.in/imgres?q=disaster&hl=en&gbv=2&biw=1280&bih=605&tbm=isch&tbnid=u4fFtG_ciRqZ9M:&imgrefurl=http://blog.photoshelter.com/2008/06/richard-mosses-air-disasters.html&docid=8jacJCF5Hj1QVM&w=800&h=640&ei=EopjTtr1EJHQrQeL7qSdCg&zoom=1http://www.google.co.in/imgres?q=disaster&hl=en&gbv=2&biw=1280&bih=605&tbm=isch&tbnid=QYUT3FI_JfwkmM:&imgrefurl=http://nalakagunawardene.com/2009/12/28/asian-tsunami5-how-a-packed-train-headed-to-disaster-with-no-warning/&docid=aFkI9frNjJQX9M&w=657&h=407&ei=EopjTtr1EJHQrQeL7qSdCg&zoom=1http://www.google.co.in/imgres?q=disaster&hl=en&gbv=2&biw=1280&bih=605&tbm=isch&tbnid=xrF1689B-RiEAM:&imgrefurl=http://www.flickr.com/photos/millzero/705902956/&docid=dkay_xQ38Fwh0M&w=453&h=500&ei=EopjTtr1EJHQrQeL7qSdCg&zoom=1


14/32
http://www.google.co.in/imgres?q=disaster&hl=en&gbv=2&biw=1280&bih=605&tbm=isch&tbnid=gyfxeGfXTe5ZZM:&imgrefurl=http://www.simpar.com/disaster.html&docid=kFQK35hCsPKzOM&w=214&h=320&ei=EopjTtr1EJHQrQeL7qSdCg&zoom=1http://www.google.co.in/imgres?q=disaster&hl=en&gbv=2&biw=1280&bih=605&tbm=isch&tbnid=u4fFtG_ciRqZ9M:&imgrefurl=http://blog.photoshelter.com/2008/06/richard-mosses-air-disasters.html&docid=8jacJCF5Hj1QVM&w=800&h=640&ei=EopjTtr1EJHQrQeL7qSdCg&zoom=1http://www.google.co.in/imgres?q=disaster&hl=en&gbv=2&biw=1280&bih=605&tbm=isch&tbnid=QYUT3FI_JfwkmM:&imgrefurl=http://nalakagunawardene.com/2009/12/28/asian-tsunami5-how-a-packed-train-headed-to-disaster-with-no-warning/&docid=aFkI9frNjJQX9M&w=657&h=407&ei=EopjTtr1EJHQrQeL7qSdCg&zoom=1http://www.google.co.in/imgres?q=disaster&hl=en&gbv=2&biw=1280&bih=605&tbm=isch&tbnid=dRSIUhL4JO3KUM:&imgrefurl=http://www.justsickshit.com/category/disasters/&docid=ijKwUBv9NHsU5M&w=500&h=343&ei=EopjTtr1EJHQrQeL7qSdCg&zoom=1http://www.google.co.in/imgres?q=disaster&hl=en&gbv=2&biw=1280&bih=605&tbm=isch&tbnid=2ElPzH1QQZeqQM:&imgrefurl=http://cjarabia.blogspot.com/2011/03/disaster-on-day-10-do-not-panic-remain.html&docid=T4RhHJUt4lZY4M&w=500&h=336&ei=EopjTtr1EJHQrQeL7qSdCg&zoom=1http://www.google.co.in/imgres?q=disaster&hl=en&gbv=2&biw=1280&bih=605&tbm=isch&tbnid=xrF1689B-RiEAM:&imgrefurl=http://www.flickr.com/photos/millzero/705902956/&docid=dkay_xQ38Fwh0M&w=453&h=500&ei=EopjTtr1EJHQrQeL7qSdCg&zoom=1http://www.google.co.in/imgres?q=disaster&hl=en&gbv=2&biw=1280&bih=605&tbm=isch&tbnid=dL79cKCzRbxtwM:&imgrefurl=http://www.buzzintown.com/tags/pid--195125/segment--article-images/id--967.html&docid=qfm0FDGAX_RymM&w=749&h=600&ei=EopjTtr1EJHQrQeL7qSdCg&zoom=1http://www.google.co.in/imgres?q=disaster&hl=en&gbv=2&biw=1280&bih=605&tbm=isch&tbnid=AV2S5etvHW9kuM:&imgrefurl=http://widescreen.dpiq.org/21__Hit_by_Disaster,_Piccadilly_Circus.htm&docid=QY-lIAoU9wQYvM&w=1280&h=800&ei=EopjTtr1EJHQrQeL7qSdCg&zoom=1http://www.google.co.in/imgres?q=disaster&hl=en&gbv=2&biw=1280&bih=605&tbm=isch&tbnid=5tv3XfhEO53TXM:&imgrefurl=http://www.adpc.net/blog/?p=836&docid=1E8FDeMjFvUllM&w=450&h=300&ei=EopjTtr1EJHQrQeL7qSdCg&zoom=1


15/32
http://www.google.co.in/imgres?q=disaster&hl=en&gbv=2&biw=1280&bih=605&tbm=isch&tbnid=M2CYa6HRUKpbcM:&imgrefurl=http://www.outlookindia.com/printarticle.aspx?221787&docid=otA0lcNUiEncWM&w=370&h=250&ei=EopjTtr1EJHQrQeL7qSdCg&zoom=1http://www.google.co.in/imgres?q=disaster&hl=en&gbv=2&biw=1280&bih=605&tbm=isch&tbnid=TCME2TWdkADsZM:&imgrefurl=http://www.realmagick.com/natural-disaster-hailstorm/&docid=iGN5tClFGCnBuM&w=300&h=300&ei=EopjTtr1EJHQrQeL7qSdCg&zoom=1http://www.google.co.in/imgres?q=disaster&hl=en&gbv=2&biw=1280&bih=605&tbm=isch&tbnid=O9N-JobeufJ72M:&imgrefurl=http://free-paying-keywords.blogspot.com/2007/05/disaster-recovery-top-paying-keywords.html&docid=xwq2wLjPHFPUVM&w=1536&h=2048&ei=EopjTtr1EJHQrQeL7qSdCg&zoom=1http://www.google.co.in/imgres?q=disaster&hl=en&gbv=2&biw=1280&bih=605&tbm=isch&tbnid=iQIOtOwkk6_5PM:&imgrefurl=http://www.itsnature.org/category/photos/disaster-photos/&docid=I7PC1YAnEF9wHM&w=1600&h=1200&ei=EopjTtr1EJHQrQeL7qSdCg&zoom=1http://www.google.co.in/imgres?q=disaster&hl=en&gbv=2&biw=1280&bih=605&tbm=isch&tbnid=GbSLG1y5gg5NGM:&imgrefurl=http://nbsenagaland.com/disaster_management.htm&docid=89L6dBmCdVBkdM&w=448&h=358&ei=EopjTtr1EJHQrQeL7qSdCg&zoom=1http://www.google.co.in/imgres?q=disaster&hl=en&gbv=2&biw=1280&bih=605&tbm=isch&tbnid=394eJzuzn2NkKM:&imgrefurl=http://www.irgamag.com/?page=disasters&docid=cmnkQMPeh13TqM&w=1435&h=1013&ei=EopjTtr1EJHQrQeL7qSdCg&zoom=1http://www.google.co.in/imgres?q=disaster&hl=en&gbv=2&biw=1280&bih=605&tbm=isch&tbnid=dL79cKCzRbxtwM:&imgrefurl=http://www.buzzintown.com/tags/pid--195125/segment--article-images/id--967.html&docid=qfm0FDGAX_RymM&w=749&h=600&ei=EopjTtr1EJHQrQeL7qSdCg&zoom=1http://www.google.co.in/imgres?q=disaster&hl=en&gbv=2&biw=1280&bih=605&tbm=isch&tbnid=AV2S5etvHW9kuM:&imgrefurl=http://widescreen.dpiq.org/21__Hit_by_Disaster,_Piccadilly_Circus.htm&docid=QY-lIAoU9wQYvM&w=1280&h=800&ei=EopjTtr1EJHQrQeL7qSdCg&zoom=1http://www.google.co.in/imgres?q=disaster&hl=en&gbv=2&biw=1280&bih=605&tbm=isch&tbnid=xtmNjfokH1avJM:&imgrefurl=http://www.friendsdisasterservice.org/&docid=RxqASjjgiZh3KM&w=359&h=538&ei=EopjTtr1EJHQrQeL7qSdCg&zoom=1http://www.google.co.in/imgres?q=disaster&hl=en&gbv=2&biw=1280&bih=605&tbm=isch&tbnid=VWkKY-On8btMFM:&imgrefurl=http://www.southdreamz.com/2010/02/the-worst-natural-disasters-ever.html&docid=__MB265902WCMM&w=586&h=388&ei=EopjTtr1EJHQrQeL7qSdCg&zoom=1http://www.google.co.in/imgres?q=disaster&hl=en&gbv=2&biw=1280&bih=605&tbm=isch&tbnid=5tv3XfhEO53TXM:&imgrefurl=http://www.adpc.net/blog/?p=836&docid=1E8FDeMjFvUllM&w=450&h=300&ei=EopjTtr1EJHQrQeL7qSdCg&zoom=1


16/32


17/32

MAJOR PLAYERS OF LIFE INSURANCE


18/32

MARKET SHARE(2010-2011)


19/32

OBJECTIVE OF THE

PRESENTATION

Which is the best Life Insurancecompany amongst;

LIFE INSURANCE CORPORATIONAND

BIRLA SUN LIFE INSURANCE


20/32

COMPANY PROFILE



21/32


Launched just before 9 years but still managed to be

amongst leading player(7th) in private insuranceindustry.

Strong fundamentalsbased on the Aditya Birla Groups

local insight and Sun Life financials global expertise.

Birla Sun Life Insurance pioneered the unique Unit

Linked Life Insurance Solutions in India

Having 1, 68,090 active advisors, and sold 2.5 million

policies.

In April 2011, achieved the landmark of

processing 100% of its claims.


22/32

COMPANYPROFILE

LIFE INSURANCE CORPORATION


23/32

LIFE INSURANCE CORPORATION OF INDIA

The Life Insurance Corporation (LIC) was established

about 44 years ago with a view to provide an insurancecover against various risks in life. A monolith then, the

corporation, enjoyed a monopoly status and became

synonymous with life insurance.

Its main asset is its staff strength of 1.24 lakhemployees and 2,048 branches and over six lakh agency

force.

LIC has hundred divisional offices and has established

extensive training facilities at all levels. At the apex, isthe Management Development Institute, seven Zonal

Training Centres and 35 Sales Training Centres.

. It pays off about Rs 6,000 crore annually to 5.6 million

policyholders.


24/32

A PROJECT REPORT ON

Comparative study of customer

preference for life insurance

scheme of LIC & BSLI


25/32

INSURER LIC BSLI

ULIP WEALTH PLUS PLATINUM PREMIER

Entry Age 10-65 Yrs 8-70 YrsTerm 8 Yrs 10 YrsPPT Single or 3 10Maturity Age 73 Yrs 80 YrsMode Single, Yly, Hly,

Qly, ECS Monthly

Yly, Hly, ECS Qly,

ECS Monthly

Risk Cover SP 1.25-5 Times;Annual 5-10 Times

5 Times of

Annual PremiumDeath Cover SA + Fund Value SA or Bid ValueExtended Cover Yes No


26/32

INSURER LIC BSLIULIP WEALTH PLUS PLATINUM PREMIER

DAB Yes NoPremium SP 40000;Yly20000,Hly 10000

Qly 5000, ECS 2000

Yly 25000

Hly 15000

ECS, Qly 7500, Mly 5000

Fund Type OneWealth Plus Fund Tenonly 1 is guaranteedNAV Guarantee 7 Yr, Term End 7Y3M, Term EndAllocationCharges [1st Year] 11.25-12.00% 10%AllocationCharges [Later] 2.50% for PPT 5% for PPTAllocationCharges [SP] 4.00-4.50% NAPartial Withdraw 3 Yrs 3 Yrs


27/32

INSURER LIC BSLIULIP WEALTH PLUS PLATINUM PREMIER

Surrender 3 Yrs 3 YrsSurrender Charges NIL Within 3 Yr 40%4 Yr 20% 5 Yr 10%Policy Admn Charge 1st Yr 60 PM;

2nd Yr 25 PM

Escalation @3%

0.24% PM of first

25000 and 0.40% of

annual premium (3Yr)

FMC 1% 1.5%Guarantee Charges 0.35% Included in FMC


28/32

Peak NAV Guarantee ULIP :Illustration of charges for the first 3

years:

For illustrative calculation, thefollowing are considered:

ModeYearly premium;

Premium1 Lac;

Sum Assured 5 Lac;


29/32

ULIP WEALTH PLUS P. PREMIER

1st Yr Alloc. Charge 12000 10000

Policy Admn. Charges

720 60+400 PMTotal 1st Year 12720 15520

2nd Yr Alloc. Charge 2500 5000

Total 2nd Year

2800 105203rd Yr Alloc. Charge 2500 5000

Total 3rd Year 2800 10520

TOTAL IN 3 YEARS

18320 365620Total 3 Yr Premium 3 LAC 3 LAC

Allocated (nearest 000) 2.82 LAC 2.65 LAC

Surrender Charges NIL YES


30/32

CONCLUSION.

GROUP MEMBERS


31/32

GROUP MEMBERS

ROHITSAMEER

YOGESH

PRATMESH


32/32

Thank you for your time....

Final Presentation Insurance

Documents

Transcript of Final Presentation Insurance