Quality of Work in Insurance Sector

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QUALITY OF WORK IN INSURANCE SECTOR GROUP MEMBERS Sumit Tiwari Shweta Baidya Tarun Daga

description

As a part of the course Organisation Behavior, we studied the quality of work in insurance sector and compared between two companies.

Transcript of Quality of Work in Insurance Sector

Page 1: Quality of Work in Insurance Sector

QUALITY OF WORKIN

INSURANCE SECTOR

GROUP MEMBERS

Sumit Tiwari

Shweta Baidya

Tarun Daga

Page 2: Quality of Work in Insurance Sector

AGENDA

Insurance Sector-Overview

Major Market Players

Life- At Work

Life- Beyond Work AVIVA Life Insurance TATA AIG

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OVERVIEW

Market size in year 2007- $47.89bn.

It constituted 4.8% of GDP.

Industry to be worth $60.5bn in year 2010.

Largest life insurance policies in world.

Inclusion in Million Dollar Round Table.

18 active market players in India.

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MAJOR MARKET PLAYERS

48.1

13.7

10.3

6.2

4.1

3.4

3.4

2.4

1.91.8 1.51.41.20.3 0.2

LIC

ICICI Prudential

Allianz Bajaj

SBI Life

HDFC Standard

Birla Sunlife

Reliance Life

Max New York

Om Kotak

Aviva Life

Tata AIG

MetLife

ING Vysya

Shriram Life

Bharti Axa Life

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LIFE- AT WORK

Remuneration Fixed Salary Commission & Incentives

Targets Number v/s Value

Pressure Travel Computer Related Disorders (CRD) Freelance Brokers Supervisor Behaviour Ambivalent Attitude of Job

Flexible Working Hours

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LIFE- BEYOND WORK

Encouragement to Employees Work as per schedule Flexibility to take up part time jobs

Work-Life Balance Initiatives Flexible working hours Movie mania

Events and Celebrations International women’s day Month long anniversary celebration Festival and theme based events

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LIFE- BEYOND WORK

Support to Family Different insurance schemes for family members

Outings and Celebrations Regular outing every six months Festival celebrations in the office premises

Employee of the Quarter/Year

Activities Organized by Company Cricket and football matches Quizzes and crossword competitions

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THANK YOU!!