aashishjadhav682aj
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Jun 14, 2024
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About This Presentation
Full detailed ppt on bharti axa
Size: 1.57 MB
Language: en
Added: Jun 14, 2024
Slides: 16 pages
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BE LIFE CONFIDENT PRESNTED BY- AASHISH JADHAV YOGRAJ CHASKAR PRANAV JADHAV NAME OF INSTITUE – PILLAI INSTITUE OF MANAGEMENT STUDIES & RESEARCH, NEW PANVEL. BHARTI AXA
CONTENTS INTRODUCTION LIFE JOURNEY ABOUT JOINT VENTURE (JV) TYPES OF LIFE INSURANCE SWOT ANALYSIS ORGANISATIONAL STRUCTURE – KEY PEOPLE FINANCIAL ASPECTS STRATEGIES FOR FUTURE CONCLUSION
INTRODUCTION Bharti AXA life insurance was founded in 2006 by Mr. Sunil Bharti Mittal as joint venture between Bharti Enterprises, a leading business conglomerate, & AXA a global insurance asset management firm headquartered in France. Today, Bharti AXA Life has a national footprint of distributors trained to provide quality financial advice and insurance solutions to the large Indian customer base. Bharti AXA Life offers a range of innovative products and services that cater to specific insurance and wealth management needs of customers. The company launched national operations in December 2006. Today, company have over 8000 employees across over 12 states in the country .
LIFE JOURNEY ABOUT JOINT VENTURE (JV) 2006 – Started as JV between Bharti Group [74%] and AXA Group [26%]. 2015 – FDI cap changed: AXA stake increased to [49%] and Bharti: [51%]. 2017 - Bharti Group takes lead in JV opreations . 2019 – Banca Partnership with Karnataka Bank. 2020 – 5 years strategic roadmap agreed between shareholders .
ORGANISATIONAL STRUCTURE – KEY EXECUTIVES CHAIRMAN – RAKESH BHARTI MITTAL MANAGING DIRECTOR & CEO – PARAG RAJA CHIEF FINANCIAL OFFICER – RIKHIL SHAH
HUMAN RESOURCE HEAD – DHANASHREE THAKKAR CHIEF CUTOMER OFFICER & HEAD – MARKETING, DIGITAL & ONLINE SALES – NITIN MEHTA CHIEF DISTRIBUTION OFFICER, PARTNERSHIP & GROUP BUSINESS – SANDEEP MISHRA
Types of Life Insurance Policies Term Life Insurance Policy Endowment Life Insurance Policy Money Back Life Insurance Policy Whole Life Insurance Policy Unit Linked Insurance Policy
SWOT ANALYSIS Strength: Brand Value Target groups Digital Presence Growth through private players Weakness: Penetration Level Private players less focus on mass market
FINANCIAL ASPECTS PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31 ST MARCH, 2023.
BALANCE SHEET AS AT 31 ST MARCH, 2023
RATIO ANALYSIS
RECEIPTS & REVENUE ACCOUNT FOR YEAR ENDED AS AT 31 ST MARCH, 2023
STRATEGIES FOR FUTURE To achieve a market position among the top 5 Insurance Companies. To adapt AXA's best practice blueprints as a sound platform for efficient and profitable growth. To leverage Bharti's local knowledge, infrastructure and customer base. To deliver high levels of shareholder return To build long term value with our business partners by enhancing the proposition to their customers To be the employer of choice to attract and retain the best talent in India To be recognised as being close and qualified by our customers
CONCLUSION Bharti AXA has won many awards under various categories and is a trust worthy entity. This company works considering its customer base and their benefits.