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Group Name-Panache
Insurance risk management
Group Members Mentor: Ms. Faizia
Siddiqui
Ravi Kant Shukla
Ashish Kumar Tiwari
Amit Kumar Chaurasia
Durga Dutt Chauhan
Akmal Siddiqui
Seema
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Introduction
A general term insurance related toservice sector. Insurance is concerned withthe protection of economic value of assets.
For example in case of a factory or a cow,the product generated by it is sold andincome is generated.
For creating strong relationship and for asuccess full business every insurancecompany required financial planner.
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History of Bharti Axa Life
InsuranceBharti AXA Life Insurance is a joint
venture between Bharti, one of Indiasleading business groups with interests in
telecom, agri business and retail, and AXA,world leader in financial protection andwealth management.
The joint venture company has a 74%stake from Bharti and 26%stake of AXA.
The company launched national operationsin Sep 2006. Today, company have over
8000 employees across over 12 states in
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Company profile
Company Name: Bharti Axa Life Insurance Co. Ltd.q Established: Sep,2006
q Joint Venture: Bharti Group & Axa(FrenchInsurance)
q In 1816,it was listed as one of the worlds largestinsurance company in Fortune 500 companies.
q CEO (Asia pacific region): Mike Bishop.
q CEO(India):Sandeep Ghosh
q Branches:More than 120 branches in India
q Headquarter: Mumbai Raheja Titanium,
Gore aon East,Mumbai.
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Haldwani(Nanital Branch)
Established: 28 Nov, 2008
Address: Hall-3,Phase-I,Durga City Center
Haldwani,Nanital
Branch Manager:Mrs. Preeti Goel
Total Managers:7Branch Turnover: Approximately 6-
8lac(C.P.)
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Designation Hierarchies
Bharti Group
Bharti Axa Life Company
Chief Executive Officer
Chief Distribution Officer
Head Agency
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Advisors
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ULIP(Unit Linked Insurance Plan)
It offers four type of ULIP
A. Future Investment ULIP
B. Power Kid ULIP
C. Wealth one ULIP
D. True wealth ULIP
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- Future InvestmentULIP
Power Kid ULIP
Min premium 50,000 26000
Age validation Min Age-18yrsMax age-70yrs
Min Age-18yrsMax Age- 50yrs
S.A 1time 20 times
Premium 5yrs 5yrs
Maturity 10yrs 10yrs
Advisors Commission 4% 5%
Allocation Charges 0% 8%
Fund Allocation 100% 92%
Service Tax 2.5% or Rs.6000 tax:10.2% and 12.5%
Death Benefit S.A + Fund
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Wealth One ULIP True Wealth ULIP
Min Premium 100000 25000
Age validation Min Age- 18 yrs
Max Age- 60 yrs
Min Age- 18 yrs
Max Age- 50yrs
Premium Single (1 time) 5 yrs
Maturity 10 yrs 10 yrs
Allocation Charges 8% 20%
Fund Allocation 92% 80%
Tax deduction 80(c) and 10(10d)
Advisors commission 10% and 5% renewablecommission
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Other features offered by insurersalong with ULIP
Partial withdrawal:
It is allowed after 3 yrs of ULIPplan with 120% of C.P.
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SIP(Systematic Investment Plan)
It is a vehicle offered by mutual funds tohelp investors save regularly.
It includesq Save money through minimum risk and
return.
q Grow money through maximum risk andreturn.
q Save and grow
q Build India through government bonds and
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Thank
you