bharti axa welcomes you. introduction to insurance industry –insurance the regulator discovery of...
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Bharti AXABharti AXAWelcomes you
Introduction to Insurance industry
– Insurance
• The Regulator
Discovery of Bharti AXA
• The Joint Venture
• Bharti
• AXA
Opportunity As Project Trainee.
• What's in it for me?
• How it will help?
• Rewards & Recognitions
Steps towards becoming a PT?
Agenda
• Insurance Regulatory & Development Authority
• The laws which regulate the business
– Insurance Act 1938
– The Insurance Regulatory & Development Authority Act 1999
– Life Insurance Corporation Act 1956
– General Business (Nationalization) Act 1972
• The limit of the Foreign Direct Investment (FDI) in a life insurance
joint venture is maximum 26%.
The RegulatorThe Regulator
31%
64%
5%
0-14 yrs 15-64 yrs 65+
About 2/3rd of the Indian population is ‘insurable’!
Source IRDA / CIAPopulation 109,53,51,995 crores as on July 2006 estimated
The OpportunityThe Opportunity
28
14
0%
50%
100%
%
Gross Domestic Saving Household Saving
Source IRDA Journal
We Indians are ‘natural savers’
The OpportunityThe Opportunity
Is growing @ 30-40% Existing
penetration
ratios are very low
High %
of population
is uninsured
or underinsured
Indians are natural
Saver in the world
CongratulationsCongratulations
Milestones of Bharti Group
In 1976, the foundation of Bharti group was laid.
In 1981, started the business of importing generators.
In 1984, introduced Push Button phones in India.
In 1995, set up Airtel to enter mobile telephone service.
In 2006, entered in to a JV with Wal-Mart.
In 2006, set up Bharti Comtel
In 2006, entered in to Insurance business through a JV with AXA Asia Pacific Holdings Ltd.
In 2010, acquires Zain Telecom’s business in 15 African countries.
1. Bharti Group Operates In 21 Countries across the globe.
2. Bharti Group has 19 different companies
3. Bharti Airtel was founded in Year 1995
4. 5th largest telecom company worldwide
5. In India, Airtel holds 30% Market share
6. Airtel has a revenue of $ 7.8 billion
Bharti Group Facts
Bharti Airtel Bharti Infratel Limited Bharti Realty Limited Beetel Teletech Limited
Comviva Jersey Airtel and Guernsey Airtel Centum Learning Limited Bharti Walmart
Bharti Retail Bharti AXA Life Insurance Bharti AXA General Insurance Del Monte
Bharti Group’s Business
AXA Group
AXA group was originally founded in 1816 as Mutuelle de L'assurance contre L'incendie (the Ancienne Mutuelle). AXA is world’s leading financial service provider with presence across 5 continents in 57countries.
France, China, Australia, New Zealand, Hong Kong, Singapore, Thailand, Indonesia, Philippines and major countries across Europe, North America & Asia Pacific.
Australia New Zealand Hong Kong China
Singapore Thailand Indonesia
AXA Global Standing
4. 2,16,095 Employee base worldwide
1. No 9. on the Global Fortune 500
2. Present in more than 57 countries
3. More than 96 million clients worldwide
AXA Group Facts
A Perfect Blend
74% 26%
1. Bharti Group Operates In 21 Countries across the globe.
2. Bharti Group has 19 different companies
3. 5th largest telecom company worldwide
4. In India, Airtel holds 30% Market share
5. Airtel has a revenue of $ 7.8 billion.
Introducing
“ To be a leader and the preferred company for financial protection and wealth management in India”
• 183 Branches
• 25,000 + Life Advisors
• 10 + Distributors
• 6000 + Employees
• 10 Products & 3 Riders
Achievements of Bharti AXA Life
Fastest Business expansion with 183 offices within 4 years of operation
24/7 dedicated Life Advisors connect centre
Industry best TAT in policy issuance
First in industry to offer 48 hrs TAT in fund value settlement
One of its kind training value proposition in industry through “Bharti AXA Life Learning University”
Industry best upswing in Brand awareness achieved in the month of October 2010
Project Trainee
Opportunity with Bharti AXA
– Industry exposure
– Career opportunity
– Rewards and recognition
– Project duration - 1 month to 4 month
The Project & Trainee Role
The Project :-
Streams available Agency Sales
In Agency Sales: Distribution Build up
• Identify and recruit Life Advisors for Bharti AXA.
Trainee Role :-
Project Trainee What’s in it for me?
• Certificates after the completion of 1 to 4 months (as agreed duration)
• High performing PTs can be absorbed by the Company for suitable positions, post successful completion of Graduation / Post Graduate
• Fast track career progression with Bharti AXA
And..
• This is paid on monthly basis after the LA gets licensed into the system• This is not on any sales policy and they will not get any incentive or commission
Slabs No. of Licenses
1 to 2 Rs. 1000 per license
3 to 4 Rs. 1500 per license
5 and above Rs. 2000 per license
Project Trainee What’s in it for me?
Next steps
• Submission of application
• Interview by the BSM and ADM
• Selection
• Welcome letter for each PT selected
• Remuneration as per the slab at the end of the project.
Contact Details
• Branch address:Bharti AXA Life Insurance Company Ltd.
• Contact Number: Mr. Neeraj Sarkar
Agency Development Manager 09811777623
Email: [email protected]
Thank you