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OBJECTIVE
1. To do a research in financial risk management for IDBI FEDERAL LIFE INSURANCE CO. LTD. 2. To conduct a survey for observing the investment pattern of people. 3. To sell the insurance policies of IDBI FEDERAL LIFE INSURANCE CO. LTD. Mainly Termsurance and Incomesurance.
INTRODUCTION
What is a Risk?
TYPES OF RISK
INDUSTRY HIGHLIGHTS
Indian insurance industry is a flourishing industry with several national and international players
The annual growth rate of the Indian insurance industry varies between 15% - 20%
COMPANY PROFILE
IDBI Federal Life Insurance Co Ltd is a joint-venture of IDBI Bank, Indias premier development and commercial bank, Federal Bank, one of Indias leading private sector banks and Ageas, a multinational insurance giant based out of Europe. In this venture, IDBI Bank owns 48% equity while Federal Bank and Ageas own 26% equity each. . IDBI Federal breaks-even in Five years. Posts maiden profit of Rs 9.24 crore New Business Premium ( APR1) grows by 23%, compared to industrys negative growth of -15%. Achieves 44% increase in the number of new business policies sold. Product mix further shifts to long-term traditional products, thereby driving profitability through product-mix. Traditional products account for 83% of new business premium. 13th month persistency improves to 76%. Among top 5 companies in persistency experience. AUM (Assets under Management) up by 24% to Rs 2,732 crore. For the calendar year 2012, IDBI Federals Equity Fund ranked No 1 among 72 ULIP funds bearing testimony to the companys fund management expertise.
SWOT ANALYSIS
strengths Superior customer service weaknesses Insufficient management cover opportunities 300 million people uninsured threats People trust Big public sector insurance Very high competition prevailing in the industry.
Skilled manpower
Continued
6. Interest Rate Swap This is an agreement between two parties to pay each other a series of cash flows, based on fixed or floating interest rate, in the same currency, over a given period of time. 7. RPI Swaps (Retail Price Index-linked) Manager is in receipt of fixed cash flows. And the inflation is expected. Thus, manager makes this swap agreement and pays to other party cash flows and receives cash flow that will have the same purchasing power through time.
Sensitivity Analysis
Securitization
OBJECTIVE-II
Survey for observing the investment pattern of people. Questionaire was formed. How people were approached? Locations where the people were approached. Difficulties in the survey. Observations done.
OBJECTIVE-III
To sell the insurance policies of IDBI FEDERAL LIFE INSURANCE CO. LTD. Mainly Termsurance and Incomesurance. Termsurance plan Incomesurance plan How people were approached. Difficulties faced in selling. No. of policies sold.