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Topic : banking & insurance industry
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what next for "insurance industry" in september

Created by : sarvesh trivedi, Cust. Service Manager, ICICI Bank  | 08 11 2010 18:19:11 +0000
Industry : Insurance
Keywords : insurance industry in september after sebi n irda war.......... what next for
Activity:  250 views;  last activity : 08 12 2010 18:00:30 +0000

WHAT NEXT FOR "INSURANCE INDUSTRY" IN SEPTEMBER AFTER SEBI N IRDA WAR..........

  
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EASY TO SALE Vs DIFFICULT TO SALE
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I THINK ITS DIFFICULT TO SALE BECAUSE PEOPLE DOESN'T WANT TO GO WITH FIVE OR YEARS PLANS / NO REBATE IN ULIP PLAN / TEN TIMES SUM.. WILL INCREASE MORTALITY CHARGES FOR CUSTOMERS ITS NOT GOOD FOR CUSTOMERS WHO IS COMFORTABLE WITH ULIP PLANS.......
By sarvesh trivedi, Cust. Service Manager, ICICI Bank  08 11 2010 18:19:11 +0000
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Insurance is not a Mutual Fund or a Fixed Deposit. It's main objective is to protect family or a person from any risk. I feel with the new regulations from IRDA, this point is made clear, there is no side shot.

If customer is interested in investment, money will be diverted into MFs, FPPs or Bonds or Shares etc... and can cover risk by taking a separate policy.

I feel it is easy to sell if the products are designed to address basic customer need. Indian population off-late are learning the trade of taking insurance coverage to reduce risk.
By AKNR Chandra Sekhar, Manager-Release Management, ANZ Operations and Technology  | 08 12 2010 17:28:35 +0000
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Bhai logo....Firstly..Every person who is working in any industries has insurance From the Employer. Secondly.. If a person has Insurance if he/she want to take a one one is not for any use we didnt get any profit in tax deduction. that hy i sa its hard to sell
By Anuj Agrawal, fresher, Searching for job  | 08 12 2010 18:00:30 +0000
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Sarvesh you are right the insurance industry is getting tough day by day. So lets see, and I feel this is one industry which can't be predicted.......     
By Adrija , Assistant manager finance , HDFC Bank  | 08 12 2010 12:09:19 +0000
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hi anuradha this debate i wana to create but u hv done for me now i will say that i will go with experience many examples of big enter-pruners i have seen they all less educated n becoz of there practical knowledge n expperience they are here in this...
its new news boss thanks for awaring me
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