Project PPT

1. A
PPT
ON
"A STUDY OF VARIOUS PRODUCTS OF
LIFE INSURANCE COMPANY
HDFC LIFE"
SUBMITTED TO
"SHIVAJI UNIVERSITY, KOLHAPUR"
IN PARTIAL FULFILLMENT OF THE DEGREE OF
MASTER OF BUSINESS ADMINISTRATION (MBA)
SUBMITTED BY
KETAN SUJEET CHOUGULE
UNDER THE GUIDANCE OF
PROF. MRS. S.R. BHOSALE
[BCA,MBA,M.PHIL.]
THROUGH
THE DIRECTOR
KOLHAPUR INSTITUTE OF TECHNOLOGY'S
INSTITUTE OF MANAGEMENT EDUCATION AND RESEARCH
KOLHAPUR-416234
2020-2021

2. INTRODUCTION -
 HDFC Life Limited HDFC Life Insurance Company Ltd.)s a long-term Life Insurance provider with its
headquarters in Mumbai, offering individual and Group insurance services.
 The company is a joint venture between Housing Development Financial Corporation (HDFC), one of
India's leading housing finance institutions and Standard Life Aberdeen p, a global investment company.
Insurance has become an integral aspect in everyone's life today. It is a written contract of insurance that
offers protection against future loss. The life insurance generally helps to insure the life of people. A definite
compensation is provided by the insurer to the insured person. The non-life insurance provides financial
support to people or companies and helps them to overcome the losses. The basic human trait is to be averse
to the idea of taking risks. There is always an urge to minimize the risks and provide protection against
possible failure. The risk includes fire, the perils of sea, death, accidents and burglary. Any risk may be
insured against at a premium commensurate with the risk involved. Thus collective bearing of risk is
insurance that provides reasonable degree of security and assurance that insured will be protected in the
event of a calamity or failure of any sort.

3. b . Objectives -
 To Know the various Investments alternatives that is mostly preferred by the customer
 To get Information about various products of HDFC Life Insurance Company
 To find out the level of awareness of HDFC life insurance policy among people.
 To give Suggestions if any
c. Research Methodology -
 Research methodology is a way to systematically solve the research problem. It may be
understood as science of studying how research is done scientifically. In it we study the
various steps that are generally adapted by a researcher in studying his research problem
along with logic behind it . It is necessary for researcher to know not only the researcher
methods/techniques bur also the methodology.
 Data Collection Method:
The collection of data means a purposive gathering of information relevant the
subject-matter of investigation from the units of population under investigation. The
researcher used questionnaire method for primary data& secondary data are collected from
different sources.

4.  Primary data - The primary data means the data which is collected by using the
questionnaires, by the market survey, etc. The data has been collected through
questionnaire from employees.
 Questionnaire Method - Mainly while collecting the first hand data, the
questionnaire method is used. Samples from different areas are collected and
further they are evaluated to get the results. A questionnaire consists of a number of
printed questions in a particular order.
 Secondary data- Secondary data means the data is also available in the market, it
is already present. The magazines, books, annual reports, etc. are the components
of secondary data. The data has been collected from company profile, brochures
and past reports.

5.  Theoretical Background -
 What is insurance -
Insurance is a means of protection from financial loss. It is a form of risk management,
primarily used to hedge against the risk of a contingent or uncertain loss.
 An entity which provides insurance is known as an insurer, insurance company, insurance carrier or
underwriter. A person or entity who buys insurance is known as an insured or as a policyholder. The
insurance transaction involves the insured assuming a guaranteed and known relatively small loss in the
form of payment to the insurer in exchange for the insurer's promise to compensate the insured in the event
of a covered loss. The loss may or may not be financial, but it must be reducible to
 LIFE Insurance -
 Life insurance (or life assurance, especially in the commonwealth of nations) is a contract between an
insurance policy holder and an insurer o, where the insurer promises to pay a designated Beneficial a sum of
money (the Benefit) in exchange for a premium, upon the death of an insured person (often the policy
holder). Depending on the contract, other events such as terminal illness or critical illness can also trigger
payment. The policy holder typically pays a premium, either regularly or as one lump sum. Other expenses,
such as funeral expenses, can also be included in the Benefits.
 Life policies are legal contracts and the terms of the contract describe the limitations of the insured events.
Specific exclusions are often written into the contract to limit the liability of the insurer; common examples
are claims relating to suicide, fraud, war, riot, and civil commotion.
 Modern life insurance bears some similarity to the Asset Management industry and life insurers have
diversified their products into retirement products such as annuities Life-based contracts tend to fall into two
major categories:

6. Company Profile-
 Name of the unit -. HDFC Life Insurance
Company Ltd
Location and Address of
unit -
SN 10, Lower Gr Flr,
Pratik Plaza CTS No
25036,
158, Kolhapur Road,
Ichalkaranji,
Maharashtra 416115
Branch Manager- Pranam Patil
Establishment - 14 August 2000

7. FINDINGS:
 Most of the people have insured themselves for saving as well as security to family
purpose. That is 36% and 30%.
 Tax benefits is not the main reason to invest in life insurance policies. because it is
preferred by very few respondents i.e. 8%
 Majority of people gets influenced by friends and relatives to get insured. As compared
to other options that is 49%.
 People prefer both short term as well as long term investment. Because 52% of
respondents have chosen both short & long term investments.
 Saving and investment plans are preferred by majority of people. that is 40 % of total
respondents.
 Safety is main priority of investors while investing in investment plans. Because 58%
of respondents have chosen Safety .
 Term of the policy is preferred is up to 10 years. 60% respondents have taken their
polices up to 10 years.
 Single insurance policy is considered by most of the people. 60% respondents have
taken only one policy.
 Both the payment methods online and by cheque are used.in which 37% respondents
chosen online method & 31% both.
 People are satisfied after investing in insurance policies. i. e 87.5% respondents.

8. SUGGESTIONS:
 The company should give training to its Financial Consultants(Agents) to enhance product
knowledge of the company.
 The company should create awareness about its products and schemes highlighting returns
given by the company to its investors.
 The company should come out with investment schemes targeting to low income group &
penetrate into this segment.
 Company should enhance its promptness of its claim settlements.
 The company should introduce new product for rural areas also.
Conclusion:
 The Purpose of investing in life insurance policy should be converting risk to life and security
to family rather than saving and tax benefits.
 People are investing in saving and investment plans also should invest in protection, Health
and retirement plans equally.
 People should consider term of policy more than 10 years as long term investments are more.
 A Person should have 4 policies as per requirements .