Professional Documents
Culture Documents
PRESENTED BY:
ANJALI VERMA
OUTLINE OF THE PRESENTATION
üCompany Profile.
üVarious assignments.
üSummer training project – Analysis of the
Business Practices of the Company .
üLearnings.
SECTION - 1
COMPANY PROFILE
ü IFFCO-Tokio Insurance Services Limited (ITIS) is a
wholly owned subsidiary and a retail marketing arm of
IFFCO TOKIO General Insurance Co. Ltd. (ITGI).
ü
ü
BENEFITS
ü It helps to understand the insurance sector from wider
range.
ü It gives the knowledge of new concepts.
ü It helps me to understand the structure and the service
being provided by the company.
ü
SECTION – 3
PROJECT
ANALYSIS OF BUSINESS PRACTICES OF
THE COMPANY
OUTLINE OF THE PROJECT
üNeed of the study.
üObjective of the study.
üLimitations of the study.
üResearch Methodology.
üFindings and Analysis.
üSuggestions.
ü
NEED OF THE STUDY
üTo get the framework of the company’s
working.
üTo analysis the business practices of the
company.
OBJECTIVE OF THE STUDY
ü To understand the concept of insurance.
ü To analyse the overall business practices of the company.
ü To analyse the retrospective growth and performance of
the company.
ü To analyse various threats and opportunities for the
company.
LIMITATION OF THE STUDY
ü The research was carried out in a short period of 6 weeks
as a part of summer training.
Ø DATA COLLECTION:-
Amount in Crore
IT IS ITGI % CONTRIBUTION OF
TOTAL ITIS
2007-08 383 1235 26.16
2008-09 555 1515 31.88
2009-10 651 1639.56 35.34
CONTRIBUTION FROM VARIOUS
BUSINESS MODELS OF ITIS
RECOMMENDATIONS
ü The maximum premium is procured from LSCs which amount
to around 71% of the total business. The company can
increase the percentage by increasing the number of LSCs
and transferring manpower to more potential LSCs.
ü
ü The company can to focus more on Banc assurance and
Cooperative models as they are the potential models and
gain lot of opportunity for the company.
ANALYSIS OF PREMIUM EARNED
BY LSCs.
APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR
2008-09 23.5 23.3 24.9 23.8 21.6 22.5 27.5 24.1 29.5 26.5 29.1 31.3
2009-10 23.9 24.4 26.8 24 22.7 25.7 31.5 28.3 29.6 30.3 35.9 30.5
GROWTH % 1.6 4.7 7.6 0.9 5.7 14.1 14.4 17.4 0.1 14.4 23.4 -2.8
RECOMMENDATIONS
ü The maximum premium is achieved during the month of
February.
ü LSC under Delhi & NCR has more fixed expense compared to
LSC under Gujarat, Punjab, and Kerala (through the
analysis from fixed and variable expense of LSCs) which is
78.18% of Delhi & NCR. This shows that the LSC has more
manpower and thus they can earn more premiums to reduce
the expense ratio.
SECTION - 5
LEARNINGS
üLearnt communication skills.
üLearnt how to draft an official mail.
üLearnt negotiation skills.
üLearnt Team work.
üLearnt Punctuality.
üLearnt formal etiquettes.
üLearnt how to improve personality.
üLearnt to cope up against unfortunate
condition.