Tata AIG Life Insurance Co. Ltd: Market mapping and research for group pensions products

Type :

Indian project

Pages :

19 pages

Format :

.doc

Published date :

04/06/2009

Category :

Business & market

Sub category :

Marketing

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Summary :

Introduction.
Indian Insurance Industry.
Insurance industry characteristics and registered insurers.
Role of insurance companies with respect to gratuity & superannuation.
Ways to manage gratuity/superannuation liability.
Tax benefits of fund to employer and employee.
Profile of Tata AIG Life.
Products and services.
Organization structure.
Arms of Tata AIG.
The benefit provider.
Tata AIG Life's clientele.
Market share.
Types of funds.
Outsourcing to Tata AIG Life.
Tata AIG Life's edge.
Financial position of Tata AIG life.
SWOT analysis.
Internship activity.
Findings.
Conclusion.
References and citations

Abstract

Due to the advancement made by mankind in the fields of science and medicine, life expectation has been increasing at a steady rate, and today one can expect to have a longer life span than the earlier generations. for people, this increase means a longer retirement life, which would mean they would have to provide for a longer time period. So, it is more critical than ever to plan effectively and wisely, in advance, for those incremental retirement years, keeping in view the rising expenses, increase in the cost of living and inflation will be ever present. Therefore one needs a plan to ensure safety, income security and regular returns for the post retirement years for himself and his loved ones. for this purpose, the government employs schemes and designs to not only keep the economy in check but also to ensure the safety of its countrymen by safeguarding their interests. Other than the government, private organizations too play a significant role in this regard by contributing towards their employees' post-retirement years. This work is an attempt to understand the employee group retirement benefits provided by corporate houses. An endeavor was also made to understand the role played by insurance companies in managing the funds allocated for the post-retirement benefits of the employees.