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    SUMMER   INTERNSHIP  PROGRAMME NAME :- VIJAY POPAT IIPM KOLKATA SS BATCH 09- 11
TOPIC Expansion of distribution channel
Needs of Insurance Protection Against Uncertainties To Cover Risks To Secure Life After Retirement  Tax Relief Financial Aid
MILESTONES ,[object Object]
1956 - 245 Indian and foreign insurers and provident societies taken over by the central government and nationalized.
LIC formed by an Act of Parliament, viz. LIC Act, 1956, with a capital contribution of Rs. 5 crore from the Government of India.,[object Object]
Paved the way for private entities
Government stake in the Insurance Companies to be brought down to 50% and should be given greater freedom
Private Companies with a minimum paid up capital of Rs.1 billion should be allowed to enter the industry
Foreign companies may be allowed to enter the industry in collaboration with the domestic companies with 26% stake,[object Object]
Kotak Mahindra Life Insurance Aviva Life Insurance Tata AIG Met Life ING Vysya Shriram Life BhartiAxa Life
Market shares of different insurance companies in India IN 2009
Market survey The following is the market survey ,with a sample size of 100 individuals , within the  Age group of 25-45,on their choice of Insurance company.. Number  Of people Name of the companies
Number Of people Reason of the preferences
COMPARISON OF MARKET SHARES
PORTERS FIVE FORCES ANALYSISOF INSURANCE INDUSTRY ,[object Object], The insurance industry has been budding with new entrants every other day. Therefore the companies should carve out niche areas such that the threat of new entrants might not be a hindrance. There is also a chance that the big players might squeeze the small new entrants.  ,[object Object],Those who are supplying the capital are not that big a threat. For instance, if someone as a very talented insurance underwriter is presently working for a small insurance company, there exists a chance that any big player willing to enter the insurance industry might entice that person off.  ,[object Object],No individual is a big threat to the insurance industry and big corporate houses have a lot more negotiating capability with the insurance companies. Big corporate clients like airlines and pharmaceutical companies pay millions of dollars every year in premiums.  ,[object Object],There exist a lot of substitutes in the insurance industry. Majorly, the large insurance companies provide similar kinds of services – be it auto, home, commercial, health or life insurance.
 FACT SHEET OF MAX NEW YORK
 MANAGEMENT & BOARD OF DIRECTORS
SWOT ANALYSIS
MARKET SHARE OF MAX NEW YORK                LIFE INSURANCE

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