Search icone
Search and publish your papers

All you wanted to know about HDFC and Standard Life Insurance

Or download with : a doc exchange

About the author


About the document

Published date
documents in English
indian project
66 pages
1 times
Validated by
0 Comment
Rate this document
  1. Introduction
  2. Company profile
  3. Corporate profile
  4. HDFC and its group companies
  5. Insurance plan and compara
  6. HDFC market review
  7. Key terms
  8. Major competitiors
  9. Research methodology
  10. Data analysis
  11. Conclusion and recommendation of the reserach
  12. SWOT analysis
  13. Suggestion
  14. Conclusion
  15. Bibliography

HDFC Standard Life is the name which is working as one of the best private insurance company in insurance sector. HDFC Standard Life Insurance Company Ltd was incorporated on 14th August 2000.It got the certificate of registration on 23rd October. With such a large population and the untapped market of population Insurance happens to be a very big opportunity in India. Today it stands as a business growing at the rate of 15-20 per cent annually. Together with banking services, it adds about 7 per Cent to the country's GDP .In spite of all this growth the statistics of the penetration of the insurance in the country is very poor. Nearly 80% of Indian populations are without Life insurance cover and the Health insurance. This is an indicator that growth potential for the insurance sector is immense in India. The insurance came to India from UK; with the establishment of the Oriental Life Insurance Corporation in 1818.The Indian life insurance company act 1912 was the first statutory body that started to regulate the life insurance business in India. By 1956 about 154 Indian, 16 foreign and 75 provident firms were been established in India. Then the Central government took over these companies and as a result the LIC was formed. Since then LIC has worked towards spreading life insurance and building a wide network across the length and the breath of the country. After the liberalization the entrance of

[...] Consumer is more willing to buy when bank and Insurance company are subsidiary companies like HDFC bank and HDFC Standard Life Insurance Products sold through bancassurance are not different but more emphasis is on products that are static and simple. The target audience is limited to those individuals who visit the bank during the working hours. And with technology changing at a rapid pace ATMs and internet banking have been reducing the individual's visits to the bank which could perhaps be a dampener for bancassurance. [...]

[...] STREAMLINING PROCESS IN HDFC STANDARD LIFE A Sales organization like any organization is a group of individuals striving jointly to reach certain goals. The main task of sales organization to sell company's goods and services to the customers to their satisfaction through their sales force. It is the sales organization with the help of which sales management achieves the sales and corporate objectives. HDFC STANDARD LIFE has the following sales organization structure. CORPORATE SALES ASSOCIATES Corporate sales associate is the professional sales organization that has the great sales techniques to sell their products as compared to the direct sales associates. [...]

[...] HDFC Unit Linked Endowment The HDFC Unit Linked Endowment Plan gives you: An outstanding investment opportunity by providing a choice of thoroughly researched and selected investments Valuable protection to your family in case you are not around Flexible benefit combinations and payment options Flexible additional benefit options such as critical illness cover Access to your accumulated fund before maturity. You can choose your premium and the investment fund or funds. We will then invest your premium, net of premium allocation charges in your chosen funds in the proportion you specify. [...]

Similar documents you may be interested in reading.

A detailed study on the market awareness and market share of the ING Vysya group life insurance

 Business & market   |  Marketing   |  Market study   |  02/26/2009   |   .doc   |   44 pages

The importance of brand in boosting the sales in life insurance services: ICICI Prudential Life...

 Business & market   |  Marketing   |  Indian project   |  04/06/2009   |   .doc   |   35 pages

Top sold for finance

Financial Analysis of Southwest Airlines and United Airlines

 Economics & finance   |  Finance   |  Case study   |  09/29/2010   |   .pdf   |   14 pages

Accor's Financial Analysis

 Economics & finance   |  Finance   |  Case study   |  09/29/2010   |   .pdf   |   12 pages