To Recruit Financial Consultants And To Sell Insurance Policies of HDFC SLIC


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COMPANY PROFILE: -

HDFC Standard Life Insurance Co. Ltd. is a joint venture between HDFC Ltd., India's largest housing finance institution and Standard Life Insurance Company, Europe's largest mutual life company. It was the first life insurance company to be granted a certificate of registration by the IRDA on the 23rd of October 2000.

Standard Life, UK was founded in 1825 and has experience of over 180 years. The company is rated as "very strong" by Standard & Poor's (AA) and "excellent" by Moody's (Aa2).

HDFC Standard Life Insurance is a new Indian life insurance company that operates out of 52 locations. It offers clients a range of insurance plans to meet their savings, investment and protection needs. In the financial year 2002-03, the company registered a year-on-year growth of over 260%. It is also the first new life insurance company to declare its third successive bonus for participating policy holders.



SWOT ANALYSIS OF HDFC SLIC LTD.: -
STRENGTHS: -


1. It was the first life insurance company to be granted a certificate of registration by the IRDA on the 23rd of October 2000.
2. The company has covered over 15,27,000 lives year ending March 31, 2008.
3. June, 2007 Received PC Quest Best IT Implementation Award 2007.
4. January 2007 HDFC SLIC Ranked 29th Most Trusted Indian Brand.
5. February, 2008 Deepak M Satwalekar Awarded QIMPRO Gold Standard Award 2007.



OPPORTUNITIES: -


1. Awareness in the minds of customers towards the importance of Insurance is also providing opportunity for the company to grow.
2. Company has a lot of customers for different divisions of business.
3. Extra earning options of company are very helpful for providing opportunity to build a strong network for the company to grow.



CHILDREN PLAN
Children plan is designed to provide a lump sum to the child to maturity. It also provides financial security to the child in the future; even in case of insured parent’s unfortunate death during the policy term. Children’s plan receives simple reversionary bonuses, which are usually added annually. This is a flexible plan with three options for you to choose from depending on your needs.

TAX BENEFITS

The premiums you pay will be eligible under section 88 of the income tax act ,1961.the benefits received under the policy are eligible for tax relief under section 100(10D) of the income tax act, 1961.