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Insurance companies at large are resorting to different creative
strategies with ICICI Prudential using a mix of Corporate (Suraksha
Zindagi Ke Har Kadam Par') and Product (Chintamani - no Chinta only
Money) advertising; SBI Life banking on 'corporate' ('Woh Bacchpan
Ke Din Lauta Do') advertising, while some like Dabur Aviva focussing
more on 'product' advertising.
Says TNS India senior vice president, Shobha Subramanian, "For
private insurance players, key task is to build awareness, trust
and positive disposition - for behavior to be impacted in the marketplace."
As a consequence of heightened media activity, private players
are gaining in acceptance, and this has meant that LIC is starting
to lose 'share-of-mind'.
The insurance tracker from the market research outfit, TNS India
, is the only continuous brand health monitoring study for the insurance
sector. Conducted in the seven cities of Delhi, Mumbai, Kolkata,
Chennai, Bangalore, Ahmedabad and Hyderabad, the study aims to monitor
the impact of marketing initiatives unleashed by marketers in the
insurance arena, competitive activity and the evolving needs of
investor groups.
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