A detailed report on Bajaj Allianz Life insurance and its competitors

Type :

Indian project

Pages :

41 pages

Format :

.doc

Published date :

04/06/2009

Category :

Economics & finance

Sub category :

Finance

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Summary :

Introduction.
Objective.
An overview of Life Insurance.
Company profile.
1. Background and inception of the company.
2. Nature of the business.
3. Mission vision and quality policy.
4. Product / Services profile.
5. Area of operation.
6. Ownership pattern.
7. Competitors information.
8. Infrastructural facilities.
9. Achievements/Awards.
10. Work flow model.
11. Future growth prospectus.
McKinsey's 7S framework.
1. Structure.
2. Skill.
3. Style.
4. Strategy.
5. System.
6. Staff.
7. Shared values.
SWOT analysis of the company.
Financial analysis.
1. Summary of annual report.
2. Profit & Loss account for the year ended 31st March 2007.
3. Balance sheet as on 31st March 2007.
4. Ratio analysis.
Learning experience.
Suggestions/Recommendations.
Conclusion.
Bibliography.

Abstract

Every individual's ultimate goal is to seek financial security for himself and his family members. In today's world of rising prices and uncertain markets, the resources available to fulfill needs and aspirations are limited. A planned approach helps to realize almost all dreams, needs and desires by optimum utilization of available resources. It gives a sense of financial support especially during a time of crisis irrespective of the fluctuations in the stock market. insurance provides career goals right from our childhood years. life insurance is all about making sure of adequate financial resources to make those plans and dreams come true. The potential for growth in the Indian market can be gauged by the fact that the Indian insurance Market registered the highest growth in the Asian region even though India's Share of global insurance market is less than 0.5% (1998). The private players know that market penetration is low and the potential to exploit is high. Some of these factors that make the Indian Market lucrative as per capita in India is very low as far as insurance Premium is concerned due to the presence of a very large middle class. The Confederation of Indian Industry (CII) has projected a growth of life insurance premium from Rs.350 Billion to Rs.1400 billion by 2009. The changes that are been brought about is spectacular by the opening of life insurance business which handled a single entity known as life insurance corporation of India. Today we have around 12 players in this field and life insurance Corporation still continues to stride ahead as a dominant player.