SlideShare ist ein Scribd-Unternehmen logo
1 von 25
Downloaden Sie, um offline zu lesen
The Recession of 2008-2009:  How Painful Will It Be?
[object Object],[object Object],Recession
Recession and its impacts on insurance sector in India.
Effects of Recessions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Investments in india in different types of policies of LIC and other insurance companies. (In billions.) Source:- IRDA
Savings Rate in india  Source: Commerce Department, Bureau of Economic Analysis July 2008: 1.2% 2007  2008  2009
REDUCTION IN SALES OF INSURANCE SECTOR Source: IRDA Aug. 2008: $381.2 billion 2008  2009 Total retail sales in billions of dollars, seasonally adjusted.
REDUCTION IN SALE OF ULIP POLICIES Source:  IRDA Aug. 2008: 100.8 2007  2008  2009
Sales of new insurance policies. Source:  TIMES OF INDIA July 2008: 515,000
Percentage change in sale of new policies. 2004  2005  2006  2007  2008 0
Deficit in Indian Insurance Trade Source:  Economic times 2007  2008 July 2008: $62.2 billion
Consumer Confidence Index Source: Hindustan times 2007  2008 Aug. 2008: 56.9
INDIA’S Jobless Rate In percent, seasonally adjusted: Source:Department of Labor 2008  2009
Increament in Unemployment Rate in india due to recession. Source: Indian Workforce Commission
How to come out of Recession? ,[object Object],[object Object],[object Object],[object Object],[object Object]
Basic Don’ts ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Basic Do’s ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Daily  Expenses ,[object Object],[object Object],[object Object],[object Object]
Government Plans against the Recession? ,[object Object],Government has 2 plans Fiscal Policies (By Govt.) Monetary Policies (By RBI) Government influences the  economy by changing how it (Government) spends  and collects money  RBI manipulates  the available supply of  money in the country
Govt control through RBI ,[object Object],[object Object],[object Object]
Government Fiscal Policies Government influences the economy by changing  how Government spends and collects money  1] Tax cuts for  businesses or for individuals More money available for spending Demand picks up; Market  can recover; 2] More spending  by Govt. to create jobs  Individuals get salary and spend money 3] Automatic  fiscal policy; Unemployment Insurance Some income to unemployed  people to spend Fiscal  Policies
Government Monetary Policies 1] Reduce CRR  for banks More money available for bank to give loans Demand picks up; Market  can recover; Government manipulates the available supply  of money in the country  Monetary Policies 2] Lower the  Repo & Reserve repo rates` Individuals take more loan
What about India in global market crises Most of the developing economies like China, India; Currently,  Slow Down Stage; Not yet  in Recession Most of the developed economies like US, Japan, Germany, etc Currently,  in Recession GDP Growth Rate Down;  But, Still expected to be Around 6% in India GDP Growth Rate Negative;
Don’t worry What goes down will always go up, Markets will rebound – these tips will prepare you to be a winner !!  HOPING THIS TIME RECESSION VANISHES SOON SO THAT INDIA GETS BACK TO ITS STRONGER GDP GROWTH RATE OF 8% TO 10% . (AS PER THE EXPERSTS OPINIONS IT WILL LAST TILL  Q3 of 2009 ).. You can be updated yourself with the current economic condition through ‘ Business TV-channels,News,News papers’.
 

Weitere ähnliche Inhalte

Was ist angesagt?

Shrambal distributors-newsletter-jan-22
Shrambal distributors-newsletter-jan-22Shrambal distributors-newsletter-jan-22
Shrambal distributors-newsletter-jan-22VikashDidwania2
 
Wallet4wealth December- 2021
Wallet4wealth December- 2021Wallet4wealth December- 2021
Wallet4wealth December- 2021WALLET4WEALTH
 
Market Perspectives August 2017
Market Perspectives  August 2017Market Perspectives  August 2017
Market Perspectives August 2017Mark Biegel
 
Market Perspective April 2017
Market Perspective April 2017Market Perspective April 2017
Market Perspective April 2017Mark Biegel
 
Unit 5 econ student
Unit 5 econ studentUnit 5 econ student
Unit 5 econ studentNick Allgyer
 
Wallet4wealth november 2021
Wallet4wealth november 2021Wallet4wealth november 2021
Wallet4wealth november 2021WALLET4WEALTH
 
The monthly newsletter by seeman fiintouch LLP January 2021
The monthly newsletter by seeman fiintouch LLP January 2021The monthly newsletter by seeman fiintouch LLP January 2021
The monthly newsletter by seeman fiintouch LLP January 2021Ashis Kumar Dey
 
Japan's Economic Prospects for the Future with Abenomics
Japan's Economic Prospects for the Future with AbenomicsJapan's Economic Prospects for the Future with Abenomics
Japan's Economic Prospects for the Future with AbenomicsInvast Financial Services
 
Monetary policy & fiscal policy
Monetary policy & fiscal policyMonetary policy & fiscal policy
Monetary policy & fiscal policySimran Kaur
 
Wallet4wealth Newsletter-Jan-2022
Wallet4wealth Newsletter-Jan-2022Wallet4wealth Newsletter-Jan-2022
Wallet4wealth Newsletter-Jan-2022WALLET4WEALTH
 
Monthly Market Perspective - January 2017
Monthly Market Perspective - January 2017Monthly Market Perspective - January 2017
Monthly Market Perspective - January 2017Mark Biegel
 
Vsn financial-services-newsletter-aug21
Vsn financial-services-newsletter-aug21Vsn financial-services-newsletter-aug21
Vsn financial-services-newsletter-aug21bhaveshgarg
 

Was ist angesagt? (17)

Shrambal distributors-newsletter-jan-22
Shrambal distributors-newsletter-jan-22Shrambal distributors-newsletter-jan-22
Shrambal distributors-newsletter-jan-22
 
Wallet4wealth December- 2021
Wallet4wealth December- 2021Wallet4wealth December- 2021
Wallet4wealth December- 2021
 
Budget in hotels an overview
Budget in hotels  an overviewBudget in hotels  an overview
Budget in hotels an overview
 
Market Perspectives August 2017
Market Perspectives  August 2017Market Perspectives  August 2017
Market Perspectives August 2017
 
Raghunomics
RaghunomicsRaghunomics
Raghunomics
 
Monetary policy
Monetary policyMonetary policy
Monetary policy
 
Market Perspective April 2017
Market Perspective April 2017Market Perspective April 2017
Market Perspective April 2017
 
Unit 5 econ student
Unit 5 econ studentUnit 5 econ student
Unit 5 econ student
 
Wallet4wealth november 2021
Wallet4wealth november 2021Wallet4wealth november 2021
Wallet4wealth november 2021
 
7 kcr newsletter_jan_22
7 kcr newsletter_jan_227 kcr newsletter_jan_22
7 kcr newsletter_jan_22
 
The monthly newsletter by seeman fiintouch LLP January 2021
The monthly newsletter by seeman fiintouch LLP January 2021The monthly newsletter by seeman fiintouch LLP January 2021
The monthly newsletter by seeman fiintouch LLP January 2021
 
Japan's Economic Prospects for the Future with Abenomics
Japan's Economic Prospects for the Future with AbenomicsJapan's Economic Prospects for the Future with Abenomics
Japan's Economic Prospects for the Future with Abenomics
 
Monetary policy & fiscal policy
Monetary policy & fiscal policyMonetary policy & fiscal policy
Monetary policy & fiscal policy
 
Wallet4wealth Newsletter-Jan-2022
Wallet4wealth Newsletter-Jan-2022Wallet4wealth Newsletter-Jan-2022
Wallet4wealth Newsletter-Jan-2022
 
Monthly Market Perspective - January 2017
Monthly Market Perspective - January 2017Monthly Market Perspective - January 2017
Monthly Market Perspective - January 2017
 
Mera funds-newsletter-aug21
Mera funds-newsletter-aug21Mera funds-newsletter-aug21
Mera funds-newsletter-aug21
 
Vsn financial-services-newsletter-aug21
Vsn financial-services-newsletter-aug21Vsn financial-services-newsletter-aug21
Vsn financial-services-newsletter-aug21
 

Ähnlich wie recession in insurance sector

Ähnlich wie recession in insurance sector (20)

Recession A Laymans Approach[1]
Recession    A Laymans Approach[1]Recession    A Laymans Approach[1]
Recession A Laymans Approach[1]
 
Recession
RecessionRecession
Recession
 
Recession
RecessionRecession
Recession
 
What Is Recession
What Is RecessionWhat Is Recession
What Is Recession
 
Recession Explained indepth
Recession Explained indepthRecession Explained indepth
Recession Explained indepth
 
What Is Recession
What Is RecessionWhat Is Recession
What Is Recession
 
Recession
RecessionRecession
Recession
 
Recession
RecessionRecession
Recession
 
Recession
RecessionRecession
Recession
 
Recession
RecessionRecession
Recession
 
Recession
RecessionRecession
Recession
 
recession
recessionrecession
recession
 
Recession
RecessionRecession
Recession
 
Recession
RecessionRecession
Recession
 
Recession
RecessionRecession
Recession
 
Global imbalance
Global imbalanceGlobal imbalance
Global imbalance
 
Global Imbalance
Global ImbalanceGlobal Imbalance
Global Imbalance
 
Recession and its effects
Recession and its effectsRecession and its effects
Recession and its effects
 
Recession - what & how to come out of it?
Recession - what & how to come out of it?Recession - what & how to come out of it?
Recession - what & how to come out of it?
 
Recession is All About....
Recession is All About....Recession is All About....
Recession is All About....
 

Kürzlich hochgeladen

A flour, rice and Suji company in Jhang.
A flour, rice and Suji company in Jhang.A flour, rice and Suji company in Jhang.
A flour, rice and Suji company in Jhang.mcshagufta46
 
TalentView Webinar: Empowering the Modern Workforce_ Redefininig Success from...
TalentView Webinar: Empowering the Modern Workforce_ Redefininig Success from...TalentView Webinar: Empowering the Modern Workforce_ Redefininig Success from...
TalentView Webinar: Empowering the Modern Workforce_ Redefininig Success from...TalentView
 
Cracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptxCracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptxWorkforce Group
 
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptxHELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptxHelene Heckrotte
 
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdf
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdfAMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdf
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdfJohnCarloValencia4
 
Tata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerakTata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerakEditores1
 
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdf
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdfTalent Management research intelligence_13 paradigm shifts_20 March 2024.pdf
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdfCharles Cotter, PhD
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access
 
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)tazeenaila12
 
NASA CoCEI Scaling Strategy - November 2023
NASA CoCEI Scaling Strategy - November 2023NASA CoCEI Scaling Strategy - November 2023
NASA CoCEI Scaling Strategy - November 2023Steve Rader
 
Introduction to The overview of GAAP LO 1-5.pptx
Introduction to The overview of GAAP LO 1-5.pptxIntroduction to The overview of GAAP LO 1-5.pptx
Introduction to The overview of GAAP LO 1-5.pptxJemalSeid25
 
Live-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarLive-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarNathanielSchmuck
 
Intellectual Property Licensing Examples
Intellectual Property Licensing ExamplesIntellectual Property Licensing Examples
Intellectual Property Licensing Examplesamberjiles31
 
MC Heights construction company in Jhang
MC Heights construction company in JhangMC Heights construction company in Jhang
MC Heights construction company in Jhangmcgroupjeya
 
Entrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizationsEntrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizationsP&CO
 
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdfChicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdfSourav Sikder
 
Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)Lviv Startup Club
 
Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...
Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...
Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...IMARC Group
 

Kürzlich hochgeladen (20)

A flour, rice and Suji company in Jhang.
A flour, rice and Suji company in Jhang.A flour, rice and Suji company in Jhang.
A flour, rice and Suji company in Jhang.
 
TalentView Webinar: Empowering the Modern Workforce_ Redefininig Success from...
TalentView Webinar: Empowering the Modern Workforce_ Redefininig Success from...TalentView Webinar: Empowering the Modern Workforce_ Redefininig Success from...
TalentView Webinar: Empowering the Modern Workforce_ Redefininig Success from...
 
Cracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptxCracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptx
 
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptxHELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
 
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdf
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdfAMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdf
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdf
 
Tata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerakTata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerak
 
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdf
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdfTalent Management research intelligence_13 paradigm shifts_20 March 2024.pdf
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdf
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024
 
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
 
NASA CoCEI Scaling Strategy - November 2023
NASA CoCEI Scaling Strategy - November 2023NASA CoCEI Scaling Strategy - November 2023
NASA CoCEI Scaling Strategy - November 2023
 
Introduction to The overview of GAAP LO 1-5.pptx
Introduction to The overview of GAAP LO 1-5.pptxIntroduction to The overview of GAAP LO 1-5.pptx
Introduction to The overview of GAAP LO 1-5.pptx
 
Live-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarLive-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry Webinar
 
Intellectual Property Licensing Examples
Intellectual Property Licensing ExamplesIntellectual Property Licensing Examples
Intellectual Property Licensing Examples
 
MC Heights construction company in Jhang
MC Heights construction company in JhangMC Heights construction company in Jhang
MC Heights construction company in Jhang
 
Investment Opportunity for Thailand's Automotive & EV Industries
Investment Opportunity for Thailand's Automotive & EV IndustriesInvestment Opportunity for Thailand's Automotive & EV Industries
Investment Opportunity for Thailand's Automotive & EV Industries
 
WAM Corporate Presentation Mar 25 2024.pdf
WAM Corporate Presentation Mar 25 2024.pdfWAM Corporate Presentation Mar 25 2024.pdf
WAM Corporate Presentation Mar 25 2024.pdf
 
Entrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizationsEntrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizations
 
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdfChicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
 
Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)
 
Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...
Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...
Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...
 

recession in insurance sector

  • 1. The Recession of 2008-2009: How Painful Will It Be?
  • 2.
  • 3. Recession and its impacts on insurance sector in India.
  • 4.
  • 5. Investments in india in different types of policies of LIC and other insurance companies. (In billions.) Source:- IRDA
  • 6. Savings Rate in india Source: Commerce Department, Bureau of Economic Analysis July 2008: 1.2% 2007 2008 2009
  • 7. REDUCTION IN SALES OF INSURANCE SECTOR Source: IRDA Aug. 2008: $381.2 billion 2008 2009 Total retail sales in billions of dollars, seasonally adjusted.
  • 8. REDUCTION IN SALE OF ULIP POLICIES Source: IRDA Aug. 2008: 100.8 2007 2008 2009
  • 9. Sales of new insurance policies. Source: TIMES OF INDIA July 2008: 515,000
  • 10. Percentage change in sale of new policies. 2004 2005 2006 2007 2008 0
  • 11. Deficit in Indian Insurance Trade Source: Economic times 2007 2008 July 2008: $62.2 billion
  • 12. Consumer Confidence Index Source: Hindustan times 2007 2008 Aug. 2008: 56.9
  • 13. INDIA’S Jobless Rate In percent, seasonally adjusted: Source:Department of Labor 2008 2009
  • 14. Increament in Unemployment Rate in india due to recession. Source: Indian Workforce Commission
  • 15.
  • 16.
  • 17.
  • 18.
  • 19.
  • 20.
  • 21. Government Fiscal Policies Government influences the economy by changing how Government spends and collects money 1] Tax cuts for businesses or for individuals More money available for spending Demand picks up; Market can recover; 2] More spending by Govt. to create jobs Individuals get salary and spend money 3] Automatic fiscal policy; Unemployment Insurance Some income to unemployed people to spend Fiscal Policies
  • 22. Government Monetary Policies 1] Reduce CRR for banks More money available for bank to give loans Demand picks up; Market can recover; Government manipulates the available supply of money in the country Monetary Policies 2] Lower the Repo & Reserve repo rates` Individuals take more loan
  • 23. What about India in global market crises Most of the developing economies like China, India; Currently, Slow Down Stage; Not yet in Recession Most of the developed economies like US, Japan, Germany, etc Currently, in Recession GDP Growth Rate Down; But, Still expected to be Around 6% in India GDP Growth Rate Negative;
  • 24. Don’t worry What goes down will always go up, Markets will rebound – these tips will prepare you to be a winner !! HOPING THIS TIME RECESSION VANISHES SOON SO THAT INDIA GETS BACK TO ITS STRONGER GDP GROWTH RATE OF 8% TO 10% . (AS PER THE EXPERSTS OPINIONS IT WILL LAST TILL Q3 of 2009 ).. You can be updated yourself with the current economic condition through ‘ Business TV-channels,News,News papers’.
  • 25.