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Marketing of
 Insurance
  Products
Introduction
Life Insurance Marketing in
           India
Marketing Strategies
Following are some Marketing
Strategies adopted by the players in the
                       market
1) Shift in product portfolio
2) Value for money
3) Tapping the niche markets
4) Thrust to the rural markets
5) Access to rural areas through RRBs
6) Tapping unconventional distribution channels
7) Cause related marketing
8) De-tariffing in general insurance
10 insurance marketing ideas
Emergency Info Wallet Cards
Great Email Signature
Keep a Voice Recorder in Your
Car
Get an Online Presence
Get in Their Cell Phone
Volunteer
Automated Voice Message
Calls
Host a Window Etching Event
Door Hangers
Good Old Telemarketing
Channels Of Distribution
The multiple channels helps the insurance companies
to tap on the untapped potential and focus on specific
 market as well. The available distribution channels in
              the market are as follows:

                  1)Agent
                 2)Broker
             3)Corporate agent
Bancassurance
     The Bank Insurance
     Model ('BIM'), also
    sometimes known as
'Bancassurance', is the term
    used to describe the
 partnership or relationship
   between a bank and an
     insurance company
   whereby the insurance
   company uses the bank
sales channel in order to sell
     insurance products.
Swot analysis of bancassurance
Worksite Marketing
  This is relatively inexpensive
    channel and can be easily
   launches. It involves sale of
  financial products and other
services to employees through
 workplace participation and is
       on voluntary basis.
The employees usually pays for
the products generally through
        salary deduction.
Internet marketing, also known as digital marketing, web
    marketing, online marketing, search marketing or e-marketing, is
    the marketing (generally promotion) of products or services over
                              the Internet.
  Internet marketing is considered to be broad in scope because it not
  only refers to marketing on the Internet, but also includes marketing
done via e-mail and wireless media. Digital customer data and electronic
   customer relationship management (ECRM) systems are also often
               grouped together under internet marketing.
Its benefits
The opportunity to
reduce costs of
production by reducing
overheads.
The opportunity to
increase sales.
The opportunity to
access new markets
across the globe.
The chance to target
market segment more
effectively.
Improves the efficiency
of supply chain.
Micro insurance
  Microinsurance is a term increasingly used to refer
 to insurance characterized by low premium and low
  caps or low coverage limits, sold as part of atypical
    risk-pooling and marketing arrangements, and
      designed to service low-income people and
businesses not served by typical social or commercial
                  insurance schemes.
3 common types of micro
    insurance plans
         1)Life Insurance



       2)Health Insurance



  3)Livestock or Crop Insurance.
PPT
   By
Aaryendr

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Ifm ppt

  • 2.
  • 4.
  • 7. Following are some Marketing Strategies adopted by the players in the market 1) Shift in product portfolio 2) Value for money 3) Tapping the niche markets 4) Thrust to the rural markets 5) Access to rural areas through RRBs 6) Tapping unconventional distribution channels 7) Cause related marketing 8) De-tariffing in general insurance
  • 8.
  • 9. 10 insurance marketing ideas Emergency Info Wallet Cards Great Email Signature Keep a Voice Recorder in Your Car Get an Online Presence Get in Their Cell Phone Volunteer Automated Voice Message Calls Host a Window Etching Event Door Hangers Good Old Telemarketing
  • 10. Channels Of Distribution The multiple channels helps the insurance companies to tap on the untapped potential and focus on specific market as well. The available distribution channels in the market are as follows: 1)Agent 2)Broker 3)Corporate agent
  • 11. Bancassurance The Bank Insurance Model ('BIM'), also sometimes known as 'Bancassurance', is the term used to describe the partnership or relationship between a bank and an insurance company whereby the insurance company uses the bank sales channel in order to sell insurance products.
  • 12. Swot analysis of bancassurance
  • 13. Worksite Marketing This is relatively inexpensive channel and can be easily launches. It involves sale of financial products and other services to employees through workplace participation and is on voluntary basis. The employees usually pays for the products generally through salary deduction.
  • 14. Internet marketing, also known as digital marketing, web marketing, online marketing, search marketing or e-marketing, is the marketing (generally promotion) of products or services over the Internet. Internet marketing is considered to be broad in scope because it not only refers to marketing on the Internet, but also includes marketing done via e-mail and wireless media. Digital customer data and electronic customer relationship management (ECRM) systems are also often grouped together under internet marketing.
  • 15.
  • 16. Its benefits The opportunity to reduce costs of production by reducing overheads. The opportunity to increase sales. The opportunity to access new markets across the globe. The chance to target market segment more effectively. Improves the efficiency of supply chain.
  • 17. Micro insurance Microinsurance is a term increasingly used to refer to insurance characterized by low premium and low caps or low coverage limits, sold as part of atypical risk-pooling and marketing arrangements, and designed to service low-income people and businesses not served by typical social or commercial insurance schemes.
  • 18. 3 common types of micro insurance plans 1)Life Insurance 2)Health Insurance 3)Livestock or Crop Insurance.
  • 19.
  • 20. PPT By Aaryendr