Product design-development in financial service sector

Product design-development in financial service sector : 

Product design-development in financial service sector Brijith ds

Product design: 

Product design I s the process of creating a new product to be sold by a business or enterprise to its customers. It is concerned with the efficient and effective generation and development of ideas through a process that leads to new products.

Product development: 

Product development The term used to describe the complete process of bringing a new product to market The development of original products, product improvements ,product modifications ,and new brands through the firms’s own R&D efforts A firm can obtain new products in two ways New products are important to both customers and service providers

Process: 

Process Idea generation Idea screening Concept of development and testing Marketing strategy development Business analysis Product development Test marketing Commercialization

Insurance : 

Insurance For today’s insurance carriers, optimal product design and development has become a key business imperative for profitable growth and for delivering new products to market . Technology plays a critical role in meeting these needs by allowing underwriters,actuaries and marketing staff to electronically collaborate across dispersed locations .

PowerPoint Presentation: 

This enables improved product development cycles, which helps increase product quality, matching to customer needs, and accurate pricing to a narrower segment that’s harder to identify and supply.

Aviva: 

Aviva Child Aviva Young Scholar Advantage Aviva Young Scholar Secure Savings Aviva Freedom Life Advantage Aviva Dhan Vriddhi Aviva Money Back Aviva LifeSaver Advantage

PowerPoint Presentation: 

Aviva LifeBond Advantage Aviva Dhan Varsha Protection Aviva Life Shield Plus Aviva Life Shield Aviva Life Shield Advantage Aviva i-Life

PowerPoint Presentation: 

Retirement Aviva Pension Builder Aviva Secure Pension Rural Aviva Amar Suraksha Aviva Jana Suraksha Aviva Grameen Suraksha

PowerPoint Presentation: 

ULIP Dhan Vriddhi ,

Mutual funds: 

Mutual funds Wide variety of Mutual Fund Schemes exist to cater to the needs such as financial position, risk tolerance and return expectations etc Index funds, diversified equity funds, sectorial funds, exchange-traded funds (ETF), balanced funds, debt funds, liquid funds - the list of mutual funds goes on and on.

PowerPoint Presentation: 

But which fund is best-suited to your needs? Some funds are aggressively geared towards growth and pay better. However, they are risky compared to other products that are aimed at preserving capital.

Types of Schemes: 

Types of Schemes By Structure Open Ended Schemes Close Ended Schemes By Investment Objectives Growth Schemes Income Schemes Balance Schemes Money Market Schemes Other Schemes Tax Saving Schemes Special Schemes Index Schemes Sector Specific Schemes

HDFC Mutual Fund: 

HDFC Mutual Fund Children's Gift Fund Fund of Fund Schemes Invests primarily in other scheme(s) of the same mutual fund or other mutual funds Debt/ Income Fund Invest in money market and debt instruments and provide optimum balance of yield.

PowerPoint Presentation: 

Fixed Maturity Plan Invest primarily in Debt / Money Market Instruments and Government Securities . Liquid Funds Provide high level of liquidity by investing in money market and debt instruments. Equity / Growth Fund Invest primarily in equity and equity related instruments.

Loans : 

Loans Different types of loans are offered in accordance with the factors such as loan size, term, interest rate, collateral requirements, usage restrictions, repayment terms.

Bank of India: 

Bank of India Personal loans Star Home Loans Star Mortgage Loan Scheme Star Autofin Star Education Loan Star Vidya Loan Star Personal Loans Star Pensioner Loan Scheme Star Holiday Loan Scheme Star Mahila Gold Loan Scheme Star Mitra Presonal Loan

PowerPoint Presentation: 

AGRICLINICS AND AGRIBUSINESS Agri Clinics Cold Storage Composit Cash Credit Crop Finance Farm Mechanisation Financing for Draught Animals & Carts Land Development Minor Irrigation Poultry Development Purchase of Land Rural Godowns

PowerPoint Presentation: 

SME Star Channel Credit Star Laghu Udyog Suvidha Akshya Urja Shops Priyadarshini Yojana Star Dhanvanatri Suvidha Scheme COMMERCIAL LOANS Export Finance Channel Credit Discount Future Cash Flows

PowerPoint Presentation: 

The proper design of financial products and their respective delivery methodologies is fundamental to an institution's effective and sustainable delivery of financial services.

THANK YOU !!!!: 

THANK YOU !!!!