SUMMER INTERNSHIP PROJECT

PPT

ON

(BUSINESS DEVELOPMENT)

Submitted to. Submitted by:

Mr.Subhashis Bakshi Akshay mendan
( SR.BR MANAGER)
 Road map

Sr. No Particulars Page No.

1 Introduction 3

2 Company profile 4

3 Product of Bajaj 5

4 Objective of study 6

5 Observation and findings 7

6 suggestion 8

7 Conclusion 9
 Introduction
Insurance is a means of protection from financial loss. It is a
form of risk management primarily used to hedge against the
risk of a contingent, uncertain loss.

An entity which provides insurance is known as insurer, or

insurance company a person or entity who buys insurance is
known as insured or policyholder
 Company profile

Bajaj Allianz General Insurance a joint venture non-life

company promoted jointly by Bajaj Auto and German insurer-
Allianz. Indian auto major holds 74% while Allianz holds 26%
in the Joint Venture, and has an authorized and paid up
capital of Rs.ll0 crores. Mr. Graham Norris is the CEO of the
company. Bajaj Allianz General Insurance will leverage the
customer base and expertise of Bajaj Auto Ltd and Allianz.
 Product of Bajaj
Personal Accident
Health Guard
Global personal guard policy
Critical Illness
Burglary Insurance
Householders Insurance
Commercial vehicle package policy
Motor insurance
Marine Insurance
Consequential Loss (Fire) Insurance Policy
 Objective of study

Maintaining good relationship with bank personnel

Visiting bank branches on daily basis

Scrutinizing loan book of the bank

Generating leads from the banks

 Competitive analysis

NATIONAL INSURANCE TATA AIG

Low premium average High premium better
service service
Competitive discount is Competitive discount is
high low
Better customer Retention is very high
retention Immediate claim
Very long process for settlement
claim
 Observation and findings

Around 70percent of motor insurance customers are

satisfied with Bajaj Allianz general insurance policy
as compared to other company.
Premium is bit high compared to other companies
like TATA AIG and ICICI LOMBARD general insurance.
Smaller infrastructure facilities as compared with
other established players
 Suggestion

Most of the insured are not aware of Drive assure

policy, motivate them for that add on package to the
customers.
Motivate the customers for Health policies while
follow up them for renewals and also give some extra
benefits to customer.
Company should conduct seminars in educational
institution to provide information about company and
its product.
 Conclusion

Company need to create trust in customers about

private insurance companies by rendering good
services like proper claims, good responses to
customer queries and maintaining good relationship
with customers