Millennials and GenZ

Tech-Savvy

Information about Products

Aware about Insurance Needs

They expect correct Advice and doorstep service

90% are Part-Timers

Don't have time to acquire knowledge and skills to do need based selling

Focussed on selling policies

Getting more rejections from today's prospects

Average Ticket Size Remains Low

Corporate Agents

IMFs

Bima Trinity

Onboarding InsureTech Companies

Insurance Principles

Products

Selling Techniques

Customer Relation

Other Financial Products

Skill Building

Field Training

Build Marketing Framework

a.

b.

Build Dynamic Lead Generation Mechanism

a.

b.

Build Branding Framework

For Standarizing all marketing and Publicity material

Dashboard for Defining and Tracking profitable Product Mix for agents

Develop mechanism for periodic review of products to launch or withdraw products

Design mechanism to access new market trends and customer preferences to equip agents to make the presentations as per changing needs of prospects

Average Age of Indian Population is 29 years

65% Population is in Age Group of 20 to 49 years

This Age Advantage will continue for next 30 years

Investment in Financial Assets is 11% of GDP for the year 2022-23

Share of Life Insurance Fund is 18%

Saving Pattern

India is the world’s fastest growing large economy growing at 7% against world average of 2.7%.

The middle class is growing at breakneck speed, It has already reached 60 Crores.

Number of households with disposable income of more than ₹6 lacs has increased from 2 Crores to 5 Crores from 2006 to 2015

As per PWC report Average Wages of Indian will Quadruple from 2013 to 2030

Splitting of Joint Families

Absence of Social Security Scheme

Opening up of Insurance sector

Strongest Insurance Brand in world

Brand Value is 9.8 Billions USD i.e. 81,715 Crores as on 31/03/2023

Market Share 2023-24

Build Website and App

Increase presence on Social Media

Grow your influence

Create Personal Brand

Prospect Record and Analysis

Keep track of activities

Analysis of activities