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Day1 Home Assignment Abhay Srivastava

The document provides details of an assignment for Abhay Srivastava located in Delhi for Day 1 of a blended training program. The assignment involves answering questions after visiting the IRDAI website and filling out a comparative table with information from the websites of 4 major insurance companies in India - ICICI Prulife, HDFC Life, SBI Life, and LIC. The questions for the IRDAI website relate to customer protection measures, anti-money laundering measures, and important insurance sales channels. The comparative table requires populating parameters such as year of incorporation, market share, revenues, assets under management, number of plans offered, key plan names, number of branches, and banca partners.

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Abhay Srivastava
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43 views2 pages

Day1 Home Assignment Abhay Srivastava

The document provides details of an assignment for Abhay Srivastava located in Delhi for Day 1 of a blended training program. The assignment involves answering questions after visiting the IRDAI website and filling out a comparative table with information from the websites of 4 major insurance companies in India - ICICI Prulife, HDFC Life, SBI Life, and LIC. The questions for the IRDAI website relate to customer protection measures, anti-money laundering measures, and important insurance sales channels. The comparative table requires populating parameters such as year of incorporation, market share, revenues, assets under management, number of plans offered, key plan names, number of branches, and banca partners.

Uploaded by

Abhay Srivastava
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Blended Training Program – Batch

Assignment – Day 1

Personal Details:
First Name Abhay Location Delhi Videocon Tower
Last Name Srivastava Zone north

Please answer the following questions after visiting the below mentioned websites and upload this
document on the portal, latest by 22:30 hours today.

My Assignment for Day 1:


Please visit the IRDAI website ( https://www.irdai.gov.in/) to answer the following questions:

1. What are some of the measures that IRDAI takes to protect insurance customers in India?

A1 Insurers have been told to strengthen their grievance redress procedures consumers complaint
resolving procedures where they are found weak.
2. What are some of the measures that IRDAI takes for Anti-money laundering in the insurance sector?

A2:
Who has fill the ITR
collect documents
check ITR form
login ITR file
fill the ITR
claim deduction
Pre-validate bank account
ITR verification

3. What are the various channels through which insurance companies get new business? Which are the most
important ones?

A3:Bank led channel


P2P
Direct response marketing
Internet channel
Direct mail marketing
It is very important for businessbecuase people interect each other.

Hint: You may be able to find most of the answers in IRDAI’s Annual Report 2018-19, available on their
website.

Please visit the following websites to fill in this comparative table to the best extent feasible:
1. https://www.iciciprulife.com/
2. https://www.hdfclife.com/
3. https://www.sbilife.co.in/
4. https://licindia.in

Parameters ICICI Prulife HDFC Life SBI Life LIC


Incorporated in 2001 aug2000 Oct 2000 Sept 1956
the year
Market share (%) 1.54% 18.4% 20.69% 46%
FYP – 2018-19 (Rs. 1140.65 29186 23.47lakh 97690crore
Crores)
Revenues – 2018- 1328 29186 13790 8436
19 (Rs. Crores)
AUM (Rs. Crores) 2300.72 BILLION 1360 CRORE 2623.5 BILLION 39 lakh crore
Number of plans 7 6
on offer
Names of key LI HDFC LIFE classic Sbi life –eshield Lic bima jyoti
plans offered CHILD PLAN assureplusinvestm Sbi life smart lic
RETIREMENT PLAN ent humsafar
ETC. Sbi lifesmart
planner
Number of 5438 421 22300 2048
branches
BANCA Partners – South indian bank South indian bank Indian bank Cbi union bankof
number & names india pnb bank of
maharastra,indian
bank,Punjab and
sind bank, uco
bank

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