Metlife Insurance Company Limited
Content
METLIFE INSURANCE COMPANY LIMITED
INTRODUCTION
Incorporated in 1863 by a group of New York City businessmen and five years later they decided to focus on life insurance. MetLife currently serves about nine million households in the U.S. Provides services to 64,000 corporations including 86 of the Fortune 100. More than $3.3 trillion of life insurance in force.(LIC:$202.2 billion).
MARKETING -MIX FOR INSURANCE COMPANIES
PRODUCT PRICE PLACE PROMOTION PEOPLE PROCESS PHYSICAL DISTRIBUTION
WHY INSURANCE NEED?
Life Stage
Young & Single
Primary Need
Asset creation
Life Insuarance Product
Wealth creation plans
Young & Just married
Asset creation & protection
Wealth creation and mortgage protection plans Education insurance, mortgage protection Retirement solutions & mortgage protection
Married with kids
Children's education, Asset creation and protection Planning for retirement & asset protection
Middle aged with grown up kids
Across all life-stages
Health plans
Health Insurance
REGULATORY BODIES
IRDA INSURANCE ACT IAI
HOW IT WORKS?
An individual with an insurable interest invests in any insurance plans. According to the age of the policyholder the office premium is charged. The tabular premium is decided by the ACTUARY appointed of the company on the basis of Risks and other factors. And if the age of the policyholder is more than 45 than mandatory medical check up is there. Claims are passed with proper investigation if any suspicious claim is incorporated.
THANK YOU
BY: JAPAN PANDYA
INTRODUCTION
Incorporated in 1863 by a group of New York City businessmen and five years later they decided to focus on life insurance. MetLife currently serves about nine million households in the U.S. Provides services to 64,000 corporations including 86 of the Fortune 100. More than $3.3 trillion of life insurance in force.(LIC:$202.2 billion).
MARKETING -MIX FOR INSURANCE COMPANIES
PRODUCT PRICE PLACE PROMOTION PEOPLE PROCESS PHYSICAL DISTRIBUTION
WHY INSURANCE NEED?
Life Stage
Young & Single
Primary Need
Asset creation
Life Insuarance Product
Wealth creation plans
Young & Just married
Asset creation & protection
Wealth creation and mortgage protection plans Education insurance, mortgage protection Retirement solutions & mortgage protection
Married with kids
Children's education, Asset creation and protection Planning for retirement & asset protection
Middle aged with grown up kids
Across all life-stages
Health plans
Health Insurance
REGULATORY BODIES
IRDA INSURANCE ACT IAI
HOW IT WORKS?
An individual with an insurable interest invests in any insurance plans. According to the age of the policyholder the office premium is charged. The tabular premium is decided by the ACTUARY appointed of the company on the basis of Risks and other factors. And if the age of the policyholder is more than 45 than mandatory medical check up is there. Claims are passed with proper investigation if any suspicious claim is incorporated.
THANK YOU
BY: JAPAN PANDYA
