Challenges Faced In Identifying Potential Advisor For ICICI Prudential

Challenges Faced In Identifying Potential Advisor For ICICI Prudential

Abstract

Previously, if you wanted to get a life insurance policy, you would contact a life insurance company representative who had been recommended to you by a friend or family. Things have changed since then. We don't need to look for an agency these days. With the entrance of private companies into the Indian insurance market, there has been a real explosion of products, providing consumers with a far broader menu of choices. 

New products, creative distribution, and improved use of technology are assisting the new brand of private life insurers in capturing the market share of yesterday's monopolists. ICICI Prudential is now India's leading private participant in the life insurance industry. Currently, the business has three kinds of distribution channels tied-up channels, alternative distribution channels, and private insurance brokers. 

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This study will assist ICICI Pru Life in selecting a person with certain characteristics, such as a person with good market contact and a person with a high energy level, and motivating different people in various ways; this will assist them in increasing sales and achieving better performance in the tied-up channel. The study was designed to be descriptive in character. The survey technique was utilized to gather data utilising questioners, and the sample strategy employed in this research was convenience sampling.


Introduction

In today's busy environment, every action we make is fraught with uncertainty. Life isn't as good as it might be. We have all forgotten to live in the present in the rat race to acquire more money in order to live a higher quality of life. As a result of this whole deal, our future seems all the more perplexing and unpredictable. At this point, the significance of the following statement becomes clear: “Insurance is a necessity-observe it and absorb it.” Insurance may be defined as a social service that reduces or eliminates the danger of loss to life and property.

For More Details About Challenges Faced In Identifying Potential Advisor For ICICI Prudential Please Visit Our Website


Or call us +91 9481545735

Objective

  • To discover a prospective adviser 
  • To propose a motivator that will assist the advisor; and 
  • To select a person for the position of advisor based on their particular talents and characteristics.


Limitation 

  • The data were gathered during the months of January and April in order to propose ways to retain and improve the advisor for greater development.
  • The responders' responses may change over time only responders from the Coimbatore district were chosen. 
  • As a result, it cannot be generalized. The poll was performed over a four-month period, which may have resulted in data distortion.
For More Details About Challenges Faced In Identifying Potential Advisor For ICICI Prudential Please Visit Our Website


Or call us +91 9481545735


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