Insurance In

France

BUDDY GROUP-5
ANANDITA JAIN C003
ARYAN CHADHA C007
RIYA GUPTA C032
SARVESH GIRIA C036
SHREYA GUPTA C038

OVERVIEW
1 2 3 4
Regulator Number of Types of Total Insurance
Insurance Insurances Coverage
Companies Available
CENTRAL
SCHEME OF
INSURANCE
ONLINE OFFLINE
SALES SALES
The online insurance market in India is India has an extensive distribution
expected to reach a value of approximately INR network made up of direct sales offices
220 billion by 2024.

The France online insurance market According to the French Insurance

(henceforth, referred to as the market Federation (FFA), the insurance market
studied) is projected to register a CAGR of closed the year 2020 with a turnover of
~7.6%, during the forecast period. 200.7 billion EUR (246.5 billion USD).
UNIQUE
PRODUCT IN
FRANCE

Cosmetic Surgery
Insurance
Death by laughter
policy
LIFE
INSURANCE
Life Insurance is a contract between an insurance
policy holder and an insurance company.
The insurer promises to pay a sum of money in
exchange for a premium, upon the death of an insured
person or after a set period.
LIC, a public sector insurance company, is the oldest
insurance company of the country. It is renowned for
maintaining the highest claim settlement ratio for more
than 3 consecutive years.
HSBC Bank in France provides life insurance, according to
the terms of contract, In the case of the Project version, the
initial subscription payment must be at least €150 with the
implementation of scheduled payments, minimum €45 per
month.
 FRANCE INDIA

1.AVERAGE COST OF INSURANCE IS 1.AVERAGE COST OF INSURANCE IN

APROX. 350 EURO (30500 RUPEES) INDIA IS 12000 RUPEES.

2.THERE ARE NO LAWS IN INDIA
2. YOU ARE NOT LEGALLY REQUIRED MAKING IT COMPULSORY TO HAVE A
LIFE INSURANCE LIFE INSURANCE
3. 77% OF EXPENSES IS COVERED BY 3.MOST OF THE EXPENSES ARE NOT
THE GOVERNMENT OF FRANCE COVERED BY THE GOVERNMENT.

VEHICLE

INSURANCE Vehicle insurance is insurance purchased

for cars, trucks, motorcycles, and other

road vehicles.

Vehicle insurance would typically cover

both the property risk and the liability risk

 TYPES OF VEHICLE

INSURANCE IN FRANCE
Third Party
Third party, fire and theft
Fully comprehensive cover
 TYPES OF VEHICLE

INSURANCE IN INDIA

Liability only insurance

policy
Comprehensive Insurance

Policy
 UNIQUE VEHICLE INSURANCE

POLICIES
PAY AS YOU DRIVE
THIRD-PARTY, FIRE,

INSURANCE AND THEFT

PAY AS YOU DRIVE INSURANCE IS
THIS IS ALSO KNOWN AS THIRD-
ALSO KNOWN AS USAGE-BASED
PARTY PLUS. THIS PROVIDES
VEHICLE INSURANCE. IT ALLOWS A
STANDARD THIRD PARTY LIABILITY
POLICYHOLDER TO PAY THE
COVERAGE PLUS IT WILL ALSO COVER
PREMIUM OF THE INSURANCE
COSTS TO YOUR OWN CAR CAUSED
ACCORDING TO THE KILO-METERS
BY ACCIDENTAL DAMAGE, NATURAL
DRIVEN BY THE INSURED CAR
DISASTERS, OR ATTACKS.
Health Insurance
Health insurance is a type of
insurance that covers the whole or a
part of the risk of a person incurring
medical expenses
By estimating the overall risk of
health risk and health system
expenses over the risk pool,
Health insurance provides protection
against financial loss in case of an
unforeseen sickness

 Health Insurance in France

French law In 2016, the

Health insurance can be
stipulates that all government
through the public
residents of France introduced of a new
healthcare system or a
must have health universal public
private scheme
insurance
healthcare system –
Protection Maladie
Universelle (PUMA)

The new system saw France reach eighth place out of 89 countries in the 2019 Health Care Index.
 Health Insurance In France
Public Insurance Private Insurance

Many French residents top up

France operates a co- their coverage with a private
payment system for public health insurance policy,
known as a mutuelle.
healthcare, with the majority
Mutuelles can sometimes
of medical costs reimbursed cater to workers with specific
through your state health professions, and some are
specifically aimed at English
insurance.
speakers
 Health Insurance in India
Insurance industry in India has seen a
major growth in the last decade along
with an introduction of a huge number of
advanced products.
Both the Life Insurance and the Non-life
Insurance is governed by the IRDAI
(Insurance Regulatory and Development
Authority of India).
Health insurance is of two types in india:
a) Private Insurance
b) Public Insurance

CONCLUSION