(1) S=Strength:-
(i) Government Support:-
Indian Government Support to this type Financial Plans and If you want make your career in this sector then you can make easily by contact with Our team.
(ii) Intoduce New Plans with New Model every Year:-
If you want enhance your career in this sector then you can see company will introduce new plans every year with new models like Death Cover Plans, Death Cover + Accident Cover, Death Cover with SIP Plans and so on.
People can increase their financial value by taking this type financial plans.
(iii) Global Business with less Investment:-
If you want to business globally, then you can do business globally without any initial investment.
(iv) High Security for your loved once:-
You can give high value of security to your Childrens, Wife and Parents by just save only 1%-2% of Security Amount. Also you can gift 15 lakhs to 20 lakhs by just save only 3k-4k.
(v) Financially Free Mindset:-
If you loss any amount in your business then you can give that amount to your loved once in form of Inheritance.
(2) W=Weakness:-
(i) Regulatory Burden:-
If we not operate any financial related companies with proper rules and regulations then it can increase our cost.
(ii) Claim Management:-
If Company can not settle claim process effectively then it decreases client’s Satisfaction. Delay in Claim process, Half Claim Process etc. are major reasons behind client’s satisfaction.
(iii) Reputation Sensitivity:-
Insurance Sector mainly stay in discussion cause of Negative Circulations, Weather and Natural Disasters, Economic Slowdown or Slow Recovery etc. and Cause of this type’s reasons client fall their trust and he try to away them form insurance sector.
(iv) Operational Inefficiencies:-
Sometimes insurance companies needs use of technologies and process so that login process, Claim Settlement Process can be delay and Due to that reasons clients unable to understand that types financial products and away theirself from this type financial related products.
(3) O=Opportunities:-
(i) Digital Business:-
In insurance world any people can make their career as Financial Consultant and they can establish their business in any countries.
(ii) Educated People and Sale Product:-
Insurance Companies have multiple type financial products so that any people can make their career in this field by educating people and establish their business.
(iii) Product Diversification:-
Companies have different different financial related products so people can make their career by understand needs of customers & by educate them about various plans benefits.
(iv) Increase Value of Business:-
Any people can increase their Financial Value and Business Value by taking this type financial plans.
(v) Inheritance Benefits to Childs:-
After understand & taking this type financial related products client can give dual benefit of their assets to their child in way of Inheritance.
(4) T=Threats:-
(i) Regulatory Changes:-
In this sector changes come time to time so that people face problems in understand this type financial related products.
(ii) Market Compitition:-
In this sector, all companies have many opportunities and so that reasons Company face situation like Price War, Decline in Company’s Profit and so on.
(iii) Reputational Risk:-
In this sector companies faces problems of Poor Claim Handling, Unethical Business Practices and so on. And for that reasons Companies face problems in bringing new business.
(iv) Dynamics in Consumer Behaviour:-
Sometimes clients unable to understand this type financial related products cause of time to time change in plans and companies face difficulty in bringing new business so that companies face more Struggle to Survive in the market.