The document provides information about Money Matter Inc., a wealth management company operating in Punjab and Rajasthan, India. It discusses the company's vision, mission, values, business model, products, organizational structure, departments, 5-year goals, SWOT analysis, and branches. It also compares traditional insurance plans offered by LIC, Bajaj Allianz, Birla Sun Life, and Tata AIG to ULIP plans offered by LIC, Bajaj Allianz, Birla Sun Life, and Tata AIG, describing the key features and benefits of each.
Bajaj Allianz Life Insurance conducted a study to analyze consumer perception of their products. They surveyed people in Kolkata over 4 weeks. Most respondents were graduates between 35-45 years old working as professionals. While 91% had life insurance, 9% did not. The top reasons for purchasing insurance were tax benefits, savings, and risk coverage. Respondents were most aware of insurance companies through advertisements. The study found that while LIC was seen as the top insurer, Bajaj Allianz was the second most preferred private insurer. However, there remains room for Bajaj Allianz to improve awareness of their offerings and address issues like misleading ads and reimbursement delays.
Bajaj Allianz Life Insurance is a joint venture between Bajaj Auto and Allianz AG. It has over 74 lakh customers served through 1164 customer care centers. The presentation discusses the establishment and growth of the company, profiles of its parent companies (Bajaj Group and Allianz Group), its products, policies, organizational structure, SWOT analysis and strategies for recruitment. It aims to be the preferred insurer and employer in India.
1) The document analyzes the recruitment process, customer satisfaction, and financial performance of Bajaj Allianz Life Insurance.
2) It finds that the recruitment process is centralized but could be improved by decentralizing and training new hires.
3) Customers primarily seek risk coverage, returns, and brand reputation when purchasing policies.
4) While Bajaj Allianz has grown premium collections and investment incomes, it previously suffered losses but is now profitable.
5) Suggestions include improving awareness, returns, and investing profits more effectively.
Cutomer perception and attitude towards bajaj allianz project reportBabasab Patil
The document provides an executive summary of a study conducted on Bajaj Allianz Life Insurance Company.
[1] It outlines the objectives of studying customer awareness, perception and attitude towards the company. Primary and secondary research methods were used.
[2] Key findings indicate over 50% awareness of the company through agents. Existing customers are satisfied with benefits and rate services positively.
[3] Recommendations include improving promotional activities and education initiatives to increase brand recognition and address customer concerns around security.
The document discusses a project report comparing the pension plans of Bajaj Allianz Life Insurance to its competitors. It provides an overview of Bajaj Allianz, including its partnership with Allianz AG, and discusses retirement planning and various pension plans offered by Bajaj Allianz and other insurance companies. The report aims to analyze the benefits of Bajaj Allianz's pension plan and how it compares to other insurers.
This document provides an index and overview of chapters in a project report on rural distribution and recruitment of consultants for Bajaj Allianz Life Insurance Company. It includes acknowledgments, an introduction on insurance concepts, background on Bajaj Allianz and its shareholders Bajaj Auto and Allianz AG. It also outlines the objectives and methodology of a study on the market credibility of Bajaj Allianz compared to other private life insurers and describes a new unit-linked insurance plan called New Unit Gain Plus.
This document is a summer training report submitted by Naresh Kumar to Pacific Business School about a study of the strategy and functioning of field forces at Bajaj Allianz General Insurance. It includes an introduction, acknowledgements, index, and sections on the insurance need and introduction to the organization. The report was submitted in partial fulfillment of an MBA program and provides an overview of Bajaj Allianz General Insurance and the insurance sector in India.
The document summarizes a business presentation about life insurance provided by Bajaj Allianz Life Insurance. Some key points:
- Bajaj Allianz Life Insurance is a partnership between Bajaj, an Indian conglomerate, and Allianz, a large German insurance company, bringing together local and global expertise.
- A new life insurance product called "New Family Gain" is presented, which provides a sum assured for critical illness and death, as well as a savings component with potential returns of 15-25% annually over a premium period of 3-70 years.
- The presentation outlines customer benefits of Bajaj Allianz policies and a referral-based business plan to incent
Bajaj Allianz Life Insurance conducted a study to analyze consumer perception of their products. They surveyed people in Kolkata over 4 weeks. Most respondents were graduates between 35-45 years old working as professionals. While 91% had life insurance, 9% did not. The top reasons for purchasing insurance were tax benefits, savings, and risk coverage. Respondents were most aware of insurance companies through advertisements. The study found that while LIC was seen as the top insurer, Bajaj Allianz was the second most preferred private insurer. However, there remains room for Bajaj Allianz to improve awareness of their offerings and address issues like misleading ads and reimbursement delays.
Bajaj Allianz Life Insurance is a joint venture between Bajaj Auto and Allianz AG. It has over 74 lakh customers served through 1164 customer care centers. The presentation discusses the establishment and growth of the company, profiles of its parent companies (Bajaj Group and Allianz Group), its products, policies, organizational structure, SWOT analysis and strategies for recruitment. It aims to be the preferred insurer and employer in India.
1) The document analyzes the recruitment process, customer satisfaction, and financial performance of Bajaj Allianz Life Insurance.
2) It finds that the recruitment process is centralized but could be improved by decentralizing and training new hires.
3) Customers primarily seek risk coverage, returns, and brand reputation when purchasing policies.
4) While Bajaj Allianz has grown premium collections and investment incomes, it previously suffered losses but is now profitable.
5) Suggestions include improving awareness, returns, and investing profits more effectively.
Cutomer perception and attitude towards bajaj allianz project reportBabasab Patil
The document provides an executive summary of a study conducted on Bajaj Allianz Life Insurance Company.
[1] It outlines the objectives of studying customer awareness, perception and attitude towards the company. Primary and secondary research methods were used.
[2] Key findings indicate over 50% awareness of the company through agents. Existing customers are satisfied with benefits and rate services positively.
[3] Recommendations include improving promotional activities and education initiatives to increase brand recognition and address customer concerns around security.
The document discusses a project report comparing the pension plans of Bajaj Allianz Life Insurance to its competitors. It provides an overview of Bajaj Allianz, including its partnership with Allianz AG, and discusses retirement planning and various pension plans offered by Bajaj Allianz and other insurance companies. The report aims to analyze the benefits of Bajaj Allianz's pension plan and how it compares to other insurers.
This document provides an index and overview of chapters in a project report on rural distribution and recruitment of consultants for Bajaj Allianz Life Insurance Company. It includes acknowledgments, an introduction on insurance concepts, background on Bajaj Allianz and its shareholders Bajaj Auto and Allianz AG. It also outlines the objectives and methodology of a study on the market credibility of Bajaj Allianz compared to other private life insurers and describes a new unit-linked insurance plan called New Unit Gain Plus.
This document is a summer training report submitted by Naresh Kumar to Pacific Business School about a study of the strategy and functioning of field forces at Bajaj Allianz General Insurance. It includes an introduction, acknowledgements, index, and sections on the insurance need and introduction to the organization. The report was submitted in partial fulfillment of an MBA program and provides an overview of Bajaj Allianz General Insurance and the insurance sector in India.
The document summarizes a business presentation about life insurance provided by Bajaj Allianz Life Insurance. Some key points:
- Bajaj Allianz Life Insurance is a partnership between Bajaj, an Indian conglomerate, and Allianz, a large German insurance company, bringing together local and global expertise.
- A new life insurance product called "New Family Gain" is presented, which provides a sum assured for critical illness and death, as well as a savings component with potential returns of 15-25% annually over a premium period of 3-70 years.
- The presentation outlines customer benefits of Bajaj Allianz policies and a referral-based business plan to incent
This document discusses recruitment and selection at SBI Life insurance. It provides background on the life insurance industry and SBI Life's vision, values, and achievements in 2013-2014. Recruitment involves locating and attracting individuals for job vacancies, while selection eliminates candidates who do not have the required skills. The findings note that Indians prefer LIC and internal references when applying to SBI Life. The conclusion states that insurance faces high attrition, making recruitment critical, and innovations are needed for organizations to sustain in competition.
The document discusses the history and development of life insurance in India. It begins with the origins of insurance practices in ancient civilizations and the establishment of the first insurance companies in India in the 18th and 19th centuries. It then covers the nationalization of the insurance industry in India in 1956 with the formation of LIC, and its subsequent privatization and regulation by IRDA beginning in 2000. The key events, regulations, and growth of the life insurance sector in India over the decades are summarized.
The document discusses the history and development of the life insurance industry in India. It begins with the establishment of the first life insurance company in India in 1818. It then covers the nationalization of life insurance in 1956 with the formation of LIC, and the subsequent establishment of the Insurance Regulatory and Development Authority (IRDA) in 2000 which led to the entry of private life insurers. The document also provides lists of current life insurers in India and describes the core departments and functions within life insurance companies, including marketing, actuarial, underwriting, investments, finance, and vigilance.
Nature & scope of insurance and leading insuranceRahulNirol
This document provides an overview of insurance in India. It begins with definitions of insurance and explanations for why insurance exists. It outlines the primary and secondary functions of insurance. It also details the nature and scope of insurance coverage in India. The document lists the leading insurance companies in India for both life and non-life insurance and provides some key details about the largest players, including LIC and Bajaj Allianz. It concludes with a section highlighting claim settlement ratios for the top 15 life insurance companies in India.
The document discusses the history and profile of Life Insurance Corporation of India (LIC). It outlines key milestones such as the establishment of the first life insurance company in India in 1818 and the nationalization of life insurance and formation of LIC in 1956. LIC began as a government corporation with 5 zones, 33 divisions and 212 branches and has since expanded significantly to over 2000 branches across India. It remains the largest life insurer in India.
The document appears to be a report on the potential of the life insurance industry in Surat market. It includes an introduction, objectives, limitations, methodology and data collection sections. The objectives are to understand the life insurance industry, analyze Kotak Life Insurance's brand awareness and customer preferences, conduct a market survey to understand the potential in Surat, and make recommendations based on findings. Limitations discussed include lack of awareness, perceptions of insurance, competition in the industry, and more. The methodology section outlines a descriptive research approach using primary and secondary data collection methods.
This document provides an analysis of the SBI Life Insurance IPO prepared by M.V.V. Raghuram under the guidance of D. Mehrji. It includes a profile of SBI Life Insurance, details of the IPO such as dates and price range, objectives of the issue, core competencies and risk factors of the company, financial comparisons with other insurers, and financial statements. SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas offering life insurance in India. The IPO aimed to list shares and allow existing shareholders to sell shares, with proceeds not going to the company.
The document appears to be a project report on Reliance Life Insurance Company. It includes an executive summary that provides high-level details about Reliance Life Insurance, such as its acquisition of AMP Sanmar Life Insurance in 2006, plans to have 118 branches with a strong presence in South India, and hiring over 600 new employees. The report also includes an index that outlines 10 chapters covering topics like the insurance industry, the company introduction, product mix, human resource management, marketing, research methodology, and finance.
This document provides an overview of Reliance Life Insurance Company (RLIC) and the Indian life insurance industry. It discusses RLIC's profile, including its ownership structure and financial performance. It also provides background on the development of the Indian life insurance industry, from its origins in the 1800s to nationalization in 1956 and subsequent opening to private companies. The document outlines RLIC's vision, mission, goals and recent achievements. It concludes with a brief literature review on the concepts of insurance and the history and development of the insurance industry in India.
Life insurance corporation of India provides wide range of life insurance products its your time to decide which one you want as we all know life is precious protect it by taking right insurance product.
A study on customer awareness @ bajaj allianz project reportBabasab Patil
The document provides an executive summary of a project report on a study conducted to enhance the market share of Bajaj Allianz Unit Linked Insurance Plans in Hubli city. The objectives of the study were to assess customer awareness levels, identify influential communication mediums, understand factors influencing investment decisions, and find the potential market for ULIPs. Primary data was collected through a questionnaire survey of 100 customers in Hubli using random sampling. The analysis and recommendations aim to help Bajaj Allianz improve their ULIP market share based on the findings of the study.
This document provides an internship report on a study of consumer perception of life insurance policies at Reliance Life Insurance Company Ltd. The report includes an introduction to Reliance Life Insurance's vision, mission and goals. It also includes an abstract describing the need to understand factors influencing consumer buying behavior towards life insurance in India. The introduction provides background on the life insurance sector in India and the purpose of the report to study consumer buying behavior and perceptions.
Here are the key steps I took for data collection for my project:
Primary Data Collection:
1. Questionnaire: I designed and administered a questionnaire to collect primary data from respondents in Surat. The questionnaire gathered information on demographics, awareness and perception of life insurance, current insurance ownership, needs and preferences.
2. Interviews: I conducted in-depth interviews with 20 individuals from different age groups, occupations and income levels to get qualitative insights into their views and decision making process related to life insurance.
Secondary Data Collection:
1. Company Reports: I referred to annual reports and presentations of Kotak Life Insurance to understand their business, products, market share etc.
2. Industry Reports:
This document is a summer training report submitted to Guru Jambheshwar University by Mohit Agarwal after completing an internship at HDFC Standard Life Insurance. The report includes an introduction to the life insurance industry in India and HDFC Standard Life. It also describes the research methodology, findings, data analysis, and conclusions from a study conducted on the awareness of financial planning in the emerging Indian market. Key recommendations are provided at the end.
This document provides an overview of the Indian insurance industry and Beacon Insurance Brokers Pvt. Ltd. It discusses the history of insurance in India, including key milestones and the nationalization and privatization of the industry. The Insurance Regulatory and Development Authority (IRDA) was established in 1999 to regulate the private insurance sector. Beacon Insurance Brokers Pvt. Ltd operates within this growing private insurance market in India, working with both public and private insurers. The document outlines Beacon's role in brokering insurance products between insurers and clients.
This document provides a summary of a proposed organizational study report on Anand Rathi Share and Stock Brokers Ltd submitted by Rohan Farmania between December 27, 2014 and January 6, 2015 under the supervision of Prof. Sharat Kumar Anvita BP, HR Manager of Karnataka and Goa. Anand Rathi is a leading full-service investment bank and financial services firm founded in 1994 with over 350 locations across India and international presences in Hong Kong, Dubai, and London employing over 2,500 professionals. The report provides an overview of Anand Rathi's vision, mission, quality policy, the products and services it offers including equities, bonds, mutual funds, insurance, and investment banking services.
This document is a project report submitted by Ankit Kumar for his Bachelor of Business Administration degree. The report focuses on distribution enhancements for Reliance Life Insurance. It includes an executive summary, introduction to the company, objectives of the project, research methodology used, findings from recruiting new advisors, recommendations, and conclusion. The main points are identifying different customer profiles to recruit as insurance advisors, conducting a market survey on life insurance training programs and top centers, and analyzing competitors of Reliance Life Insurance.
This document provides an overview of IDBI Federal Life Insurance, including:
1) IDBI Federal Life Insurance is a joint venture between IDBI Bank, Federal Bank, and Ageas insurance. It offers various insurance products to customers in India.
2) Information is provided on the partner organizations IDBI Bank, Federal Bank, and Ageas insurance.
3) An organizational structure of IDBI Federal Life Insurance is shown, including the CEO and heads of different divisions.
Study of Various Mutual Fund Schemes and Risk Adjusted Rate of Return with Sp...Kalpesh Kasar
“Study of Various Mutual Fund Schemes and Risk Adjusted Rate of Return with Special Reference to LIC Mutual Fund” which cover the things related to various LICMF schemes, Concepts of Mutual Funds and Performance Measures/Evaluation.
The document is a portfolio statement for a mutual fund as of July 29, 2011. It lists the fund's top 20 holdings by market value, which make up over 50% of the total assets. The portfolio has significant exposure to banks, software, consumer non-durables, pharmaceuticals, and petroleum products. It also provides industry diversification breakdown and notes a portfolio turnover ratio of 0.26 times for the past year.
This document provides a comparative study of ULIP plans from several major insurance companies in India. It includes an introduction to the topic, objectives of the study, research methodology used, data collection methods, limitations, data analysis and interpretations through numerous tables and charts comparing key features of ULIP plans like funds, charges, returns and customer satisfaction levels. The study aims to compare ULIP plans on selected parameters and understand factors influencing customer investments in ULIPs.
The document discusses various types of insurance in India including life, fire, vehicle, crop, and health insurance. It outlines the benefits of insurance such as risk sharing and security. Key organizations that provide insurance are discussed, including public sector companies like LIC and private sector companies. The importance of insurance for individuals, businesses, and society is highlighted. The document also examines topics such as the liberalization of the insurance industry, the roles of various regulatory bodies, and the growing insurance market in India.
This document discusses recruitment and selection at SBI Life insurance. It provides background on the life insurance industry and SBI Life's vision, values, and achievements in 2013-2014. Recruitment involves locating and attracting individuals for job vacancies, while selection eliminates candidates who do not have the required skills. The findings note that Indians prefer LIC and internal references when applying to SBI Life. The conclusion states that insurance faces high attrition, making recruitment critical, and innovations are needed for organizations to sustain in competition.
The document discusses the history and development of life insurance in India. It begins with the origins of insurance practices in ancient civilizations and the establishment of the first insurance companies in India in the 18th and 19th centuries. It then covers the nationalization of the insurance industry in India in 1956 with the formation of LIC, and its subsequent privatization and regulation by IRDA beginning in 2000. The key events, regulations, and growth of the life insurance sector in India over the decades are summarized.
The document discusses the history and development of the life insurance industry in India. It begins with the establishment of the first life insurance company in India in 1818. It then covers the nationalization of life insurance in 1956 with the formation of LIC, and the subsequent establishment of the Insurance Regulatory and Development Authority (IRDA) in 2000 which led to the entry of private life insurers. The document also provides lists of current life insurers in India and describes the core departments and functions within life insurance companies, including marketing, actuarial, underwriting, investments, finance, and vigilance.
Nature & scope of insurance and leading insuranceRahulNirol
This document provides an overview of insurance in India. It begins with definitions of insurance and explanations for why insurance exists. It outlines the primary and secondary functions of insurance. It also details the nature and scope of insurance coverage in India. The document lists the leading insurance companies in India for both life and non-life insurance and provides some key details about the largest players, including LIC and Bajaj Allianz. It concludes with a section highlighting claim settlement ratios for the top 15 life insurance companies in India.
The document discusses the history and profile of Life Insurance Corporation of India (LIC). It outlines key milestones such as the establishment of the first life insurance company in India in 1818 and the nationalization of life insurance and formation of LIC in 1956. LIC began as a government corporation with 5 zones, 33 divisions and 212 branches and has since expanded significantly to over 2000 branches across India. It remains the largest life insurer in India.
The document appears to be a report on the potential of the life insurance industry in Surat market. It includes an introduction, objectives, limitations, methodology and data collection sections. The objectives are to understand the life insurance industry, analyze Kotak Life Insurance's brand awareness and customer preferences, conduct a market survey to understand the potential in Surat, and make recommendations based on findings. Limitations discussed include lack of awareness, perceptions of insurance, competition in the industry, and more. The methodology section outlines a descriptive research approach using primary and secondary data collection methods.
This document provides an analysis of the SBI Life Insurance IPO prepared by M.V.V. Raghuram under the guidance of D. Mehrji. It includes a profile of SBI Life Insurance, details of the IPO such as dates and price range, objectives of the issue, core competencies and risk factors of the company, financial comparisons with other insurers, and financial statements. SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas offering life insurance in India. The IPO aimed to list shares and allow existing shareholders to sell shares, with proceeds not going to the company.
The document appears to be a project report on Reliance Life Insurance Company. It includes an executive summary that provides high-level details about Reliance Life Insurance, such as its acquisition of AMP Sanmar Life Insurance in 2006, plans to have 118 branches with a strong presence in South India, and hiring over 600 new employees. The report also includes an index that outlines 10 chapters covering topics like the insurance industry, the company introduction, product mix, human resource management, marketing, research methodology, and finance.
This document provides an overview of Reliance Life Insurance Company (RLIC) and the Indian life insurance industry. It discusses RLIC's profile, including its ownership structure and financial performance. It also provides background on the development of the Indian life insurance industry, from its origins in the 1800s to nationalization in 1956 and subsequent opening to private companies. The document outlines RLIC's vision, mission, goals and recent achievements. It concludes with a brief literature review on the concepts of insurance and the history and development of the insurance industry in India.
Life insurance corporation of India provides wide range of life insurance products its your time to decide which one you want as we all know life is precious protect it by taking right insurance product.
A study on customer awareness @ bajaj allianz project reportBabasab Patil
The document provides an executive summary of a project report on a study conducted to enhance the market share of Bajaj Allianz Unit Linked Insurance Plans in Hubli city. The objectives of the study were to assess customer awareness levels, identify influential communication mediums, understand factors influencing investment decisions, and find the potential market for ULIPs. Primary data was collected through a questionnaire survey of 100 customers in Hubli using random sampling. The analysis and recommendations aim to help Bajaj Allianz improve their ULIP market share based on the findings of the study.
This document provides an internship report on a study of consumer perception of life insurance policies at Reliance Life Insurance Company Ltd. The report includes an introduction to Reliance Life Insurance's vision, mission and goals. It also includes an abstract describing the need to understand factors influencing consumer buying behavior towards life insurance in India. The introduction provides background on the life insurance sector in India and the purpose of the report to study consumer buying behavior and perceptions.
Here are the key steps I took for data collection for my project:
Primary Data Collection:
1. Questionnaire: I designed and administered a questionnaire to collect primary data from respondents in Surat. The questionnaire gathered information on demographics, awareness and perception of life insurance, current insurance ownership, needs and preferences.
2. Interviews: I conducted in-depth interviews with 20 individuals from different age groups, occupations and income levels to get qualitative insights into their views and decision making process related to life insurance.
Secondary Data Collection:
1. Company Reports: I referred to annual reports and presentations of Kotak Life Insurance to understand their business, products, market share etc.
2. Industry Reports:
This document is a summer training report submitted to Guru Jambheshwar University by Mohit Agarwal after completing an internship at HDFC Standard Life Insurance. The report includes an introduction to the life insurance industry in India and HDFC Standard Life. It also describes the research methodology, findings, data analysis, and conclusions from a study conducted on the awareness of financial planning in the emerging Indian market. Key recommendations are provided at the end.
This document provides an overview of the Indian insurance industry and Beacon Insurance Brokers Pvt. Ltd. It discusses the history of insurance in India, including key milestones and the nationalization and privatization of the industry. The Insurance Regulatory and Development Authority (IRDA) was established in 1999 to regulate the private insurance sector. Beacon Insurance Brokers Pvt. Ltd operates within this growing private insurance market in India, working with both public and private insurers. The document outlines Beacon's role in brokering insurance products between insurers and clients.
This document provides a summary of a proposed organizational study report on Anand Rathi Share and Stock Brokers Ltd submitted by Rohan Farmania between December 27, 2014 and January 6, 2015 under the supervision of Prof. Sharat Kumar Anvita BP, HR Manager of Karnataka and Goa. Anand Rathi is a leading full-service investment bank and financial services firm founded in 1994 with over 350 locations across India and international presences in Hong Kong, Dubai, and London employing over 2,500 professionals. The report provides an overview of Anand Rathi's vision, mission, quality policy, the products and services it offers including equities, bonds, mutual funds, insurance, and investment banking services.
This document is a project report submitted by Ankit Kumar for his Bachelor of Business Administration degree. The report focuses on distribution enhancements for Reliance Life Insurance. It includes an executive summary, introduction to the company, objectives of the project, research methodology used, findings from recruiting new advisors, recommendations, and conclusion. The main points are identifying different customer profiles to recruit as insurance advisors, conducting a market survey on life insurance training programs and top centers, and analyzing competitors of Reliance Life Insurance.
This document provides an overview of IDBI Federal Life Insurance, including:
1) IDBI Federal Life Insurance is a joint venture between IDBI Bank, Federal Bank, and Ageas insurance. It offers various insurance products to customers in India.
2) Information is provided on the partner organizations IDBI Bank, Federal Bank, and Ageas insurance.
3) An organizational structure of IDBI Federal Life Insurance is shown, including the CEO and heads of different divisions.
Study of Various Mutual Fund Schemes and Risk Adjusted Rate of Return with Sp...Kalpesh Kasar
“Study of Various Mutual Fund Schemes and Risk Adjusted Rate of Return with Special Reference to LIC Mutual Fund” which cover the things related to various LICMF schemes, Concepts of Mutual Funds and Performance Measures/Evaluation.
The document is a portfolio statement for a mutual fund as of July 29, 2011. It lists the fund's top 20 holdings by market value, which make up over 50% of the total assets. The portfolio has significant exposure to banks, software, consumer non-durables, pharmaceuticals, and petroleum products. It also provides industry diversification breakdown and notes a portfolio turnover ratio of 0.26 times for the past year.
This document provides a comparative study of ULIP plans from several major insurance companies in India. It includes an introduction to the topic, objectives of the study, research methodology used, data collection methods, limitations, data analysis and interpretations through numerous tables and charts comparing key features of ULIP plans like funds, charges, returns and customer satisfaction levels. The study aims to compare ULIP plans on selected parameters and understand factors influencing customer investments in ULIPs.
The document discusses various types of insurance in India including life, fire, vehicle, crop, and health insurance. It outlines the benefits of insurance such as risk sharing and security. Key organizations that provide insurance are discussed, including public sector companies like LIC and private sector companies. The importance of insurance for individuals, businesses, and society is highlighted. The document also examines topics such as the liberalization of the insurance industry, the roles of various regulatory bodies, and the growing insurance market in India.
This document provides an overview of IDBI Federal Life Insurance Company, including its sponsors and joint venture partners. IDBI Federal is a joint venture between IDBI Bank, Federal Bank, and Ageas, a European insurance giant. IDBI Bank owns 48% equity, while Federal Bank and Ageas each own 26% equity. The company offers life insurance and retirement products through the branches of IDBI Bank and Federal Bank, as well as advisors and partners. As of January 2011, the company had over 2.68 lakh policies with Rs. 14,230 crores of sum assured. The sponsors, IDBI Bank and Federal Bank, are described as leading Indian banks.
The presentation discusses the comparative study of IDBI Federal Life Insurance Co. Ltd. and LIC of India. The comparison is done on the basis of products & plans, market share, new policies issued, grievances resolved percentage, premium collection, claim settlement ratio. The presentation also gives the analysis of customer awareness and satisfaction level for both the companies.
Dai-ichi Life Insurance Co. is a major Japanese insurance company founded in 1902. It has expanded internationally, with business now in Vietnam, Australia, Indonesia, India, and Thailand. The company focuses on life insurance products and aims to accelerate growth in its international markets. It pursues partnerships and seeks opportunities to further diversify globally and enhance its contribution from overseas operations.
State Bank of India (SBI) is a multinational banking and financial services company headquartered in Mumbai, India with over 200 years of experience. SBI entered into the league of top 50 global banks and has over 24,000 branches and 59,000 ATMs serving over 42 crore customers after merging its subsidiaries. SBI has an overseas presence through 195 foreign offices spread across 36 countries. SBI Life Insurance is a joint venture between SBI and BNP Paribas Cardif, with SBI owning 62.1% and BNP Paribas Cardif owning 7.7%. SBI Life has over 2.49 crore policyholders and assets under management of over Rs. 1.41 l
This document contains summaries of presentations from 5 different speakers on various financial topics:
1) Nilesh Sawant and Rajendra Agarwal spoke about their careers in law and the textile industry respectively, emphasizing the importance of understanding clients, quality service, and adapting to changes.
2) Anil Sachidanand discussed his career progression at DHFL and differences between the working cultures in India and the US.
3) The first video discussed retirement planning, asset allocation, and medical expenses increasing with age.
4) The second video covered capital markets, stock exchanges, and participants in the market like FIIs and retail investors.
5) The last video defined mutual funds and their different types based
This document provides information about the SBI Pension Plan offered by SBI Life Insurance. It includes the names of employees enrolled in group number 9 of the plan. It then discusses details of the SBI Life pension plans, including the four basic plans offered and their mission. It analyzes the category and market for pension plans in India. It also discusses the product features, investment options, benefits, strategies and customer analysis for the SBI Life Horizon II Pension Plan.
The document discusses the insurance sector in India. It explains that insurance transfers risk from the insured to the insurer in exchange for premiums. The main types of insurance are life insurance and general insurance. The regulatory body IRDAI was established in 1999 to regulate and develop the insurance industry in India and opened the sector to private companies. Major players in life insurance include LIC, ICICI Prudential, and SBI Life. In general insurance, major players are New India Assurance, National Insurance, and HDFC Ergo. The insurance sector has grown significantly since liberalization and is projected to reach $280 billion by 2020.
The document discusses the Mahindra Manulife Arbitrage Yojana Fund NFO, an open-ended mutual fund scheme focused on generating income through arbitrage opportunities. Key details include an August 12-19 subscription window, investment in equity, debt and REIT/InvIT instruments, and a benchmark of Nifty 50 Arbitrage Index. While arbitrage funds can offer better returns than liquid funds, performance has been impacted lately by market volatility. For short-term parking of surplus funds, this could be considered, but top liquid funds may be preferable overall.
A project report on hdfc standard life insuranceProjects Kart
This document provides an acknowledgement and index for a project report on HDFC Standard Life Insurance Company. It thanks the company and project guide for their support and guidance. The index outlines the contents of the report, which will cover topics like the history of insurance, HDFC's products and services, barriers to entry in the insurance sector, growth potential, and recommendations.
The document provides an overview of the Indian insurance sector, including:
1) It discusses the history and types of insurance, including life and general insurance. General insurance is further broken down into fire, marine, and miscellaneous insurance.
2) It lists some of the major players in the life and general insurance industries in India.
3) It describes the regulatory body, the Insurance Regulatory and Development Authority (IRDA), and its objectives of promoting competition and protecting policyholders.
4) It discusses various political, economic, social, and technological factors that affect the insurance industry according to PEST analysis.
5) It provides some suggestions to help insurance companies in India reduce costs and
- Life insurance first came to India from England in 1818, with the Oriental Life Insurance Company starting as the first life insurer.
- The Insurance Act of 1912 was passed to regulate the insurance business, requiring actuarial certification of premium rates.
- The LIC Act was passed in 1956, creating LIC as a state-run monopoly provider of life insurance in India. LIC started with 5 zones, 33 divisions, and over 200 branch offices.
- Today, LIC has over 2000 branch offices, over 100 divisional offices, and 8 zonal offices, with a network of over 1.2 million agents. It remains the largest life insurer in India though its monopoly has ended.
The insurance sector in India has historically been dominated by LIC, but private insurers have gained market share since 2000 when the sector was opened to privatization. The life insurance industry has grown substantially in the last decade, with the number of policies and amount of premiums increasing significantly. Growth has been driven by rising incomes and awareness as well as government initiatives to expand insurance coverage. However, there remains huge potential for further growth given low insurance penetration rates currently. Major players include both public sector insurers like LIC and private insurers such as HDFC, ICICI and Bajaj. The general insurance sector is also growing with motor insurance making up a large portion of the market.
The document provides an overview of life insurance management in India. It discusses the evolution of the life insurance sector, current state, regulatory framework established by IRDA, and key functions of life insurance companies such as pricing premiums, managing risks, investments, and balancing assets and liabilities. Some key points include:
- LIC had a monopoly until 1999 when IRDA was formed to regulate the sector and allow private players.
- Life insurance in India is now the fifth largest market globally and growing at 36% annually.
- IRDA regulates and oversees insurers to protect policyholders' interests and ensure solvency standards are met.
- Actuaries play an important role in assessing risks, modeling future
- Life insurance first came to India from England in 1818, with the Oriental Life Insurance Company starting as the first life insurer.
- The Insurance Act of 1912 was passed to regulate the insurance business, requiring actuarial certification of premium rates and valuations.
- The LIC Act was passed in 1956 leading to the nationalization of the insurance industry and creation of LIC as a statutory body.
- Today, LIC dominates the Indian life insurance market as the largest insurer, though private players have gained significant share in recent years.
LIFE INSURANCE INDUSTRY IN TRANSITION PHASE
CHANGING WITH TIME
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5. Do u arrange any training for them?
1. The document discusses recruitment and selection practices at HDFC Standard Life Insurance Company, including an overview of the company, its products and benefits, marketing strategies, and recruitment of financial consultants.
2. It provides details on the recruitment process for financial consultants, including eligibility criteria, required documents, training, and benefits provided to financial consultants like commissions.
3. The document also includes a SWOT analysis of HDFC Standard Life Insurance Company that identifies strengths like its brand image, network, and product range, as well as weaknesses, opportunities, and threats.
The document provides an overview of the insurance sector in India. It discusses key topics such as the definition of insurance, major types of insurance policies including life and general insurance, evolution of the insurance sector in India including nationalization in 1956 and liberalization in 1999 with the establishment of IRDAI as the regulatory body. It also summarizes the major players in life and general insurance, their products and leadership, as well as ongoing trends and challenges in the growing Indian insurance market.
Dr Reddy's Laboratories has acquired GSK's oral penicillin facility and products in the US, while GSK will retain rights for non-US markets. Dr Reddy's had previously partnered with GSK to pursue opportunities in emerging markets, and GSK will now gain access to Dr Reddy's portfolio of around 100 branded pharmaceuticals. Toyota is launching the Etios, an entry-level sedan priced around Rs. 5.25 lakh, to compete against established models like the Maruti Dzire, Tata Indigo, and Honda City. India has introduced mobile number portability allowing cellphone users to switch operators without changing numbers.
JCB plans to transform its Indian operations into a global manufacturing hub for South Asia and the Middle East. It has started exporting excavators to Indonesia and plans to export its complete product line from India. Pfizer recalled some batches of an animal drug in the US after the FDA found issues with manufacturing standards at its Indian partner's plant. Coal India is in talks to acquire mines from two major US coal companies to expand its operations. Bharti Airtel will rebrand itself and spend Rs 300 crores on the change to appeal to more youth and have a more global image.
Ford India plans to export the Figo hatchback to 48 new countries in Africa, South America, Mexico, and the United Arab Emirates. SEBI doubled the limit for maximum investment by individual investors in public issues from Rs 1 lakh to Rs 2 lakhs. Bajaj Auto increased its stake in KTM Power Sports to 38.09% by purchasing additional shares of the company. Microfinance companies agreed to reduce interest rates charged to borrowers to 24% from as high as 34% in Andhra Pradesh. Fortis Healthcare plans to invest around Rs 650 crore to open 7-8 new hospitals in India over the next 18 months.
Ford India plans to export the Figo hatchback to 48 new countries in Africa, South America, Mexico, and the United Arab Emirates next year. SEBI doubled the limit for maximum investment by individual investors in public issues from Rs 1 lakh to Rs 2 lakhs. Bajaj Auto increased its stake in KTM Power Sports to 38.09% by purchasing additional shares of the company. Microfinance companies agreed to reduce interest rates charged to borrowers to 24% from as high as 34% in Andhra Pradesh. Fortis Healthcare plans to invest around Rs 650 crore to open 7-8 new hospitals in India over the next 18 months and will consider acquisition opportunities.
Ford India plans to export the Figo hatchback to 48 new countries in Africa, South America, Mexico, and the United Arab Emirates. SEBI doubled the limit for maximum investment by individual investors in public issues from Rs 1 lakh to Rs 2 lakhs. Bajaj Auto increased its stake in KTM Power Sports to 38.09% by purchasing additional shares of the company. Microfinance companies agreed to reduce interest rates charged to borrowers to 24% from as high as 34% in Andhra Pradesh. Fortis Healthcare plans to invest around Rs 650 crore to open 7-8 new hospitals in India over the next 18 months.
Ford India plans to export the Figo hatchback to 48 new countries in Africa, South America, Mexico, and the United Arab Emirates next year. SEBI has doubled the limit for maximum investment applications by individual investors in public issues from Rs 1 lakh to Rs 2 lakhs. Bajaj Auto's subsidiary in the Netherlands increased its stake in KTM Power Sports to 38.09% by purchasing additional shares. Microfinance companies have agreed to reduce interest rates charged to borrowers to 24% from as high as 34% previously in Andhra Pradesh. Fortis Healthcare plans to invest around Rs 650 crore over 18 months to open 7-8 new hospitals and pursue acquisition opportunities in India.
Ford India plans to export the Figo hatchback to 48 new markets in North Africa, South America, Mexico, and the United Arab Emirates next year. SEBI has doubled the limit for maximum investment applications by individual investors in public issues from Rs 1 lakh to Rs 2 lakhs. Bajaj Auto's subsidiary in the Netherlands increased its stake in KTM Power Sports to 38.09% by purchasing additional shares. Microfinance companies have agreed to reduce interest rates charged to borrowers to 24% from as high as 34% previously in Andhra Pradesh. Fortis Healthcare plans to invest around Rs 650 crore over 18 months to open 7-8 new hospitals and pursue acquisition opportunities in India.
Ford India plans to export the Figo hatchback to 48 new markets in North Africa, South America, Mexico, and the United Arab Emirates next year. SEBI has doubled the limit for maximum investment applications by individual investors in public issues from Rs 1 lakh to Rs 2 lakhs. Bajaj Auto's subsidiary in the Netherlands increased its stake in KTM Power Sports to 38.09% by purchasing additional shares. Microfinance companies have agreed to reduce interest rates charged to borrowers to 24% from as high as 34% previously in Andhra Pradesh. Fortis Healthcare plans to invest around Rs 650 crore over 18 months to open 7-8 new hospitals and pursue acquisition opportunities in India.
Etihad Airways is offering free visas for travel from three airports in India to Abu Dhabi as part of a promotion with TT Services. Jaguar Land Rover launched armored versions of the Range Rover and Discovery starting at Rs. 4.75 crore and Rs. 3.75 crore respectively, and are working to assemble Land Rover products in India. According to India Inc, the Reserve Bank of India may raise interest rates by 25 basis points, increasing the repo rate to 6.5% and reverse repo rate to 5.5%. Fiat plans to open exclusive brand stores in major Indian cities without involving Tata Motors, where they will display merchandise and serve Italian coffee in addition to vehicles
Pure Gold Jewellers plans to invest Rs. 1,000 crore to open 200 stores in India over the next 5 years, initially focusing on Maharashtra. Godrej Consumer Products merged its unit Godrej Household Products with itself. Toyota appointed music director A.R. Rahman as its brand ambassador for its new car Etios launching in India. South Korean company E-land agreed to buy at least 51% of Mumbai-based clothing company Mudra Lifestyle. The Reserve Bank of India sold its 72.5% stake in the National Bank for Agriculture and Rural Development to the Government of India.
Hero Honda launched a special edition Passion Pro motorcycle to commemorate the 2010 Commonwealth Games, featuring graphics inspired by the colors of the Games. Fiat launched two new variants of its Linea sedan, the T-Jet and T-Jet Plus, priced between Rs. 8.55-8.99 lakh, with more powerful engines and new features. Bharti Airtel selected Ericsson and Huawei to expand and manage its mobile network in Bangladesh, with Ericsson handling most capacity and Huawei providing services in eastern areas.
Ferrari will start business in India in January 2011 and aims to close the year better than last year despite the economic crisis. Indigo received permission to begin international flights next year. Aircel will launch 3G services in Q1 of next year after investing $500 million for expansion. ADF Foods acquired US-based Elena's Food Specialities, a manufacturer and marketer of organic Mexican foods. Emami hired Bollywood actress Bipasha Basu for 3-4 crores to promote its skincare and personal care brands for three years.
The document provides information about attractions in Johannesburg, South Africa. Some of the top attractions mentioned include the Apartheid Museum, Cradle of Humankind fossil sites, Gold Reef City theme park, Walter Sisulu National Botanical Garden, and various museums and theaters in the Newtown Cultural Precinct. The climate is described as having warm weather throughout the year with rainy summer months and sunny, mild winters.
Weston enters the Indian mobile phone market with seven new models priced between Rs. 1600 to Rs. 3500. Tata Motors will launch its new crossover vehicle, the Aria, within a month and may price it at Rs. 10 lakh. Viacom 18 Media launches its Colors television channel in the Middle East through Arab Digital Distribution's direct-to-home platform. Hyundai plans to expand manufacturing capacity in India to achieve a 22% market share. Emami settles a copyright dispute over using a song for its Zandu Balm advertising and will use the song along with new brand ambassador Malaika Arora Khan.
1. Comparative Study of Traditional and ULIP Plans offered by Life Insurance Companies in Ludhiana Under the Guidance of:- Presented By :- Ms. DeepikaArora Faculty Member, PCTE , Ludhiana VishalKatoch MBA 2A
10. Historical Background of the Company Money Matter Inc. was started by Mr. Prem Pal Sharma in 2002 in Rajasthan. In Rajasthan they work under the name of Money Matter Wealth Advisors Pvt. Ltd. It has its head office in Delhi. It has six branches in Rajasthan. In Punjab, Money Matter Inc. start their services in 5th September 2008. Right now they have four branches in Punjab. For Punjab Region they have their head office in Mohali .
11. Quick Facts Incorporated on 5th September 2008. Presence in Punjab and Rajasthan. 6 offices with 60 professionals and 100 Business associates. Our Locations: Mohali (Punjab) Sri Ganganagar (Rajasthan) AnupGarh (Rajasthan) Suratgarh (Rajasthan) Ramsinghpur (Rajasthan) Ludhiana (Punjab) Upcoming Branches: Jalandhar (Punjab) NawanShahar (Punjab) Amritsar (Punjab) Panchkula (Haryana)
15. Processes Processes Right People Organizational Alignment Execution Discipline Right People Organizational Alignment Execution Discipline Pillars Values Caring ; Honesty ; Passion ; Team Work ; Disciplined Professionalism
16. Money Matter Inc. Differentiators Opportunity in India Customer Needs Business Model Career & Growth Prospects
30. Introduction to Particular Branch “Money Matter Inc. wants to be the Preferred Partner for all Financial Needs of the Customer” Objective
31. Products This is basically a wealth Management unit deals in all the almost all investment option present in market. They give there services in Insurance Demat Account Mutual Funds Bonds Share Debenture Corporate FDs & Corporate Loan. Gold
32. The Companies associated with Branch In Life Insurance In General Insurance 1) Tata AIG 1) Tata AIG General Insurance 2) Kotak Life Insurance 2) Reliance General Insurance 3) Aviva Life Insurance 3) Bajaj Allianz General Insurance 4) ICICI Prudential 4) Royal Sundram 5) LIC 5) United 6) Bajaj Allianz 6) National 7) Birla Sun Life 7) Oriental 7) HD FC Standard Life 8) New India 8) SBI Life 9) Iffco Tokyo 9) Reliance Life 10) Star Health 10) Star Health
34. Departments There are two departments in Money matter Inc. Sales 2) Human Resource HOD- Mr. Bikramjeet Singh HOD- Ms. NavjeetKaur Objectives of Sales Department:- Objectives of HR Department:-
35. 5 Year Goal Achieve market share of 5% (top own-branch players) within target segment 1 2 Serve a satisfied customer base of ~2 million customers Be the best employer in financial services industry in India, attracting diverse talent due to its unique business model and wide product range 3
37. Role of the Advisor Works with you to discover your personal financial objectives. Assesses your entire financial situation. Designs a customized investment plan . Screens the industry. Works with those providers to implement your customized investment plan. Monitors the providers and replaces . Provides education and guidance . Celebrates with you when things go well.
38. Traditional Plan Features:- 1) Death benefit and Maturity benefit. 2) Helps in asset creation as they are for a long tenure. 3) Premium to Sum Assured ratios are fixed for each plan and age. 4) Generally withdrawals are not allowed before maturity. 5) Cash flows in Life Insurance. 6) Mortality table. 7) Discount rates. 8) Term insurance.
47. Features Of LIC – JEEVAN SARAL This plan is a combination of Endowment Assurance and Whole Life plans. Features:- 1.Premium 2.Bonus Benefits 1.Benefits in case of death during the selected term. 2.Benefits in case of survival to the end of selected term 3.Accident Benefit 4.Extra Benefits 5.Surrender Value
48. Features Of BAJAJ ALLIANZ – LIFE TIME CARE This plan not only provides insurance protection, but also ensures that your valuable savings grow .In addition, a terminal bonusmay be paid on survival till the age 80 years. Benefit 1. Death Benefit . 2. Survival Benefit. 3. Additional Benefits a) Accidental Death Benefit. b) Accidental Permanent Total/Partial Disability Benefit. c) Waiver of Premium Benefit. d) Critical Illness Benefit. e) Hospital Cash Benefit.
49. 5. Flexibility in Coverage. 6. Increase in risk Coverage. 7. Premium Discount. 8. Advantage for Women. 9.Surrender. 10. Loans.
52. Features of TATA AIG – Maha Gold It provides a steady income and insurance coverage for life. This unique policy is an ideal planning vehicle to fund your retirement. payable only for the first 15 years, and can be used to cover the future expenses of your children Key Features Include: Guaranteed annual coupon of 5% . Yearly cash dividends are available Entire sum assured is paid tax-free . Tax Benefits, Riders and Age Eligibility Guaranteed 5% coupon and non-guaranteed cash dividends are tax free . Tax Benefit Riders are available . Policy available for persons between 0 years and 60 years of age.
53.
54. ULIPs Plan
55. Features And Benefit of LIC – Market Plus This is a unit linked pension plan. You can take the plan with or without life cover. Features:- 1. Top Up. 2. Switching. 3. Increase or Decrease risk cover. 4. Partial Withdraw. 5. Discontinuous of Premiums and Revival. 6. Revival. 7. Assignment. 8. Exclusions.
56. Features And Benefit of BAJAJ ALLIANZ – Century Plus Bajaj Allianz Century Plus III offers you a unique combination of protection and prospect of attractive returns. Features:- 1. Death benefit. 2. Maturity benefit. 3. Surrender benefit. 4. Premium apportionment. 5. Flexibility to manage your investments. 6. Flexibility - to pay top up premiums. 7.Flexibility to decrease annualized premium. 8. Partial withdrawal option.
57. Feature And Benefit of BIRLA- Platinum Plus Self-Managed Option gives you complete access to our range of investment funds with the freedom to switch between them, free of cost. Features:- 1. Loyalty Additions 2. Partial Withdrawals 3. Surrender Benefits 4. Maturity Benefits 5. Death Benefit
58. Features And Benefit of TATA-AIG Invest Assure Gold Plus Invest Assure Gold Plus is Whole-life ULIP. Features:- 1. Loyalty Additions of 0.50% units . 2. Flexibility of seven Fund Options to choose from . 3. Enables you to enjoy market linked results with a potential for higher growth. 4. Riders are available .
61. Title Comparative Study of Traditional and ULIP Plans offered by Life Insurance Companies in Ludhiana
62. Objectives
63. Research Methodology Introduction: Research is an academic activity and as such the term should be used in technical sense. RESEARCH DESIGN: Descriptive research designis usedfor collecting primary data. SAMPLING
64.
65.
66. Data Analysis Table 4.1 Number of Respondents ( N=104) Analysis:- There are equal no. of respondents for both traditional and ULIP Plans i.e. 50% for each.
67. Table 4.2 Name of companies for ULIPs (N=52) Analysis:- ULIPs respondents are also further divided into 4 categories. Each category consists of customers of four different companies. The companies are:- LIC, Bajaj Allianz, Birla Sunlife, and Tata AIG.
68. Table 4.3 Company Preference N=104) Analysis:- 25% are from Public limited company and 75% are from Private ( in collaboration with foreign companies). This has been done intentionally so that equal no. of respondents can be chosen for all the four companies under study.
69. Table 4.4Role of an Advisor (N=104) Analysis:- According to 49% respondents the role of advisor is to help them in achieving the financial objectives, 31% consider his role to explain about the product, 17% consider him to assess their entire financial situation. Interpretation:- People are of different view regarding the advisor’s role. They are not clear with the actual role of the advisor whose role comprises of all the above parameters.
70. Table 4.5 Advisor had changed your preference for investment Analysis:- From the above table, it is evident that advisor had changed the preference of 65% respondents while 35% feel advisor does are. Interpretation:- The advisor advises the investors and they do follow their advice.
71. Analysis of LIC Table 4.6 Gender Analysis:- From the above table, it is evident that 46% respondents are males and 54% are females.
72. Table 4.7 Occupation Analysis:- As the above table illustrates, 54% respondents are doing private service, 15% each are doing government jobs and business and 8% each are for student and other.
73. Table 4.9 No. of times investment is done Analysis:- According to above table 77% respondents are investing once a year in insurance plan and 23% are investing 2-3times a year. Interpretation:- The policyholders are paying the premium annually and semi annually.
74. Table 4.10 Your opinion about investment Analysis:- According to above table, 62% respondents are investing in insurance just for tax saving , 23% for return and 15% for better future. Interpretation:- The main purpose for investment is to have the tax benefit.
75. Table 4.13 Returns you would look at from your investments Analysis:- As the above table depicts, 77% respondents want their return to fall in the category 6-15%, 15% want return higher than 15 % and 8% expect less than 5%. Interpretation:- LIC policyholders are expecting moderate returns from their plans.
76.
77. 54 % respondents are enjoying the benefit of No Claim Bonus.
78. The plans of 77% respondents are giving them guaranteed addition.
79. 38% respondents had not paid for their medical test expense.Interpretation:- Most of the plans of LIC are giving the benefits of riders, no claim bonus and guaranteed addition to its investors.
80. Table 4.14 Risk attached with Traditional Plans Analysis:- According above table, 69% respondents are of the view that risk attached with their plan is moderate, 15% respondents are of the view that risk attached is low, 8% think that risk attached is high. Interpretation:- According to LIC policyholders the risk attached with the traditional plan is moderate. The risk attached with traditional plans is less but still investors are feeling that the risk in traditional plans falls in the moderate category.
81. Table 4.15An ideal policy term Analysis:- According to the above table, 69% respondents are of the view that the ideal policy term is 3-8 years 31% feels 9-14 years. Interpretation:- Majority of policyholders are ready for long term of their plans.
82.
83. Policy features , Length of investment & Post sale services are essential are essential for majority of policyholders.Interpretation:- Returns, policy features, tenure of investment and post sales services all are seen before going for any of the traditional plan.
84.
85. Table 4.19Gender Analysis:- From the above table, it is evident that out of 77% respondents are male 23% are female.
86. Table 4.20 Occupation Analysis:- As the above table illustrates,85% respondents are doing private service, 8% government, and 8% and one for other.
87. Table 4.22 No. of times investment is done Analysis:- According to above table, 61% respondents are investing once a year in insurance plan and 3% are investing 2-3times a year. Interpretation:- Majority of respondents are paying premium annually .
88. Table 4.23 Your opinion about investment Analysis:- According to above table, 33% responses are investing in insurance just for tax saving , 33% for returns and 14% for better future. Interpretation:- Majority of policyholders are going with investment plans for tax saving purpose.
89. Table 4.26 Returns you would look at from your investments Analysis:- As the above table depicts, 46% respondents want their return to fall in the category 6-15%, 38% want return higher than 15 % and 8% want less than 5%. Interpretation:- Policyholders are expecting moderate returns from their plans.
92. The plan of 85% respondents is giving them guaranteed addition.
93. 62% respondents had not paid for their medical test expense.Interpretation:- All the plans of Bajaj Allianz are providing the benefits of riders. Most of them are giving No Claim Bonus, guaranteed addition and medical test expenses.
94. Table 4.28 Risk attached with Traditional Plans Analysis:- According above table, 77% respondents are of the view that risk attached with their plans is moderate, 15% think that risk attached is high. Interpretation:- According to Bajaj Allianz policyholders the risk attached with the traditional plan is moderate. The risk attached with traditional plans is less but still investors are feeling that the risk in traditional plans falls in the moderate category.
95. Table 4.29 An ideal policy term Analysis:- According to the above table, 62% respondents are of the view that the ideal policy term is 9-14 years 23% of 15-20 years. Interpretation:- So policyholders are ready for long term plans.
96.
97. Policy features , Return on investment & Post sales services are essential are essential for majority of respondents.Interpretation:- The returns, policy features, length of investment and post sale services are considered during the purchase of plans.
98.
99. Analysis for Tata- AIG Table 4.32Gender Analysis:- From the above table it is evident that 92% respondents are male and 8% are female.
100. Table4.35 No. of times investment is done Analysis:- According to above table 62% respondents are investing once a year in insurance plans , 15% are investing 2-3times a year and 23% are investing in more than 3 times. Interpretation:- Most of the investors are paying the premium annually but some are also paying quarterly or monthly.
101. Table 4.36 Your opinion about investment Analysis:- According to above table, 21% responses are investing in insurance just for tax saving, 36% for returns , 29% for wealth creation and 14% for better future. Interpretation:- The policyholders are taking these plans for different reasons.
102. Table 4.39 Returns you would look at from your investments Analysis:- As the above table depicts, 55% respondents want their return to fall in the category 6-15 %, 29% want return higher than 15 % and 16% are expected less than 5%. Interpretation:- The policyholders want good returns.
105. The plan of 85% respondents is giving them guaranteed addition.
106. 38% respondents had not paid for their medical test.Interpretation:- Maximum plans are giving the benefits of riders and guaranteed addition but very less are giving no claim bonus and medical test expenses.
107. Table 4.41 Risk attached with Traditional Plans Analysis:- According above table, 69% respondents are of the view that risk attached with their plan is moderate, 23% respondents are of the view that risk attached is low, 8% think that risk attached is high. Interpretation:- The risk attached with the traditional plan is moderate.
108. Table 4.42 An ideal policy term Analysis:- According to the above table, 46% respondents are of the view that the ideal policy term is 9-14 years,31% marked 15-20 years. Interpretation:- So policyholders are ready to keep their policies for long term .
109.
110. Post sale services are essential for majority of respondents.Interpretation:- Post sale services are essential for the policyholders.
111. Table 4.44 Satisfaction from the company Interpretation: From the above, it can be observed that Regarding the company satisfaction on the basis of above mentioned factors the respondents are satisfied.
112. Analysis for Birla Sun Life Table 4.45Gender Analysis:- From the table it is evident that 77 % are male 23 % are female.
113. Table 4.46 Occupation Analysis:- As the table illustrates 54 % respondents are doing private service, 23 % government, 15 % for business, and 8 % are student .
114. Table 4.48 No. of times investment is done Analysis :- According to above table 70 % investors are paying premium once a year in insurance plan , 15 % are paying premium 2-3times a year and 15% are paying premium more than 3 times. Interpretation:- Most of the policyholders are paying premium annually but still there are some investors who are paying premium quarterly or semi annually.
115. Table 4.49 Your opinion about investment Analysis:- According to above table, 46% policyholders are having insurance just for tax saving , 15% for return,31% for wealth creation and 8% for better future. So majority of investors are going with investment plans for tax saving purpose.
116. Table 4.52 Returns you would look at from your investments Analysis:- As the above table depicts, 46% respondents want their return to fall in the category 6-15%, 31% want return higher than 15 % and 23% are expecting less than 5%. Interpretation:- There are low returns in traditional plans.
119. The plan of 92% respondents are giving them guaranteed addition.
120. 8% had not paid for their medicalInterpretation:- The traditional plans of Birla Sunlife are providing the benefits of riders and guaranteed addition but the benefits of no claim bonus and medical test expense are not being provided.
121. Table 4.54 Risk attached with Traditional Plans Analysis:- According above table, 77 % respondents are of the view that risk attached with their plan is moderate and 23% think that risk attached is high. So according to Birla Sunlife respondents the risk attached with the traditional plan is moderate. Interpretation:- Risk is moderate in Birla Sunlife Traditional plan.
122. Table 4.55 An ideal policy term Analysis:- According to the above table, 46 % policyholders are of the view that the ideal policy term is 9-14 years, 31 % are in the favor of 15-20 years and 23%.are with 3-8 years. Interpretation:- So Policy holder are ready to purchase policy of long term .
123.
124.
125.
126. Table 4.59 Occupation Analysis:- As the above table illustrates, 92 % investors are doing private service and 8 % for other.
127. Table 4.61 No. of time investment is done Analysis:- According to above table 46 % investors are investing once a year in insurance plan , 30 % are investing 2-3times a year and 23 % are investing in more than 3 times.. Interpretation:- Investors are paying premium annually, semi annually.
128. Table 4.62 Your opinion about investment Analysis:- According to above table, 25 % responses for tax saving , 38 % for return 31 % for wealth creation and 6 % for better future Interpretation:- Most of the investors are purchasing ULIPs for good returns and enhancing their money.
129. Table4.65 Returns you would look at from your investments Analysis:- As the above table depicts, 23% respondents want their return to fall in the category 6-15%, 69% want return higher than 15 % and 8 % are expecting more than26-35%. Interpretation:- ULIP plans are providing high returns
130. Table 4.66 Reasons for investment in the ULIP Analysis:- According to the above table, 33% respondents have purchased ULIPS for income growth, 17% each for tax rebate,17% child education and 11% for child marriage. Interpretation:- ULIPs are providing high returns thats why people are purchasing them for income growth.
131. Table 4.67 Time horizon when investing in ULIP Analysis:- According to the above table, the time horizon for 46% respondents falls between 5-10 years, 31% respondents fall between10-15years,15% for more than 15 years. Interpretation:- People are ready for the long term investment in ULIPs
132. Table 4.68 Preference while investing in ULIPs Analysis:- According to the above table, 61% investors are preferring high risk for high returns, 31% for moderate risk moderate return. Interpretation:- The risk appetite of people is high so they are mainly investing in Equity funds.
134. Table 4.70 Satisfaction from company Analysis:- According to above chart the investors are satisfied by the above mentioned services of the company. Interpretation:- The services of the company are good so people are satisfied from the it.
135. Analysis of ULIPs of Bajaj Allianz Table 4.71 Gender Analysis:- From the above table it is evident that 54% respondents are male and 46% are female .
136. Table 4.72 Occupation Analysis:- As the above table illustrates 84% investors are doing private service, 8% business.
137. Table 4.74 No. of time investment is done Analysis:- According to above table depicts 70% investors are investing once a year in insurance plan , 15% are investing 2-3times a year and 15% are investing in more than 3 times. Interpretation:- The investors are paying premium annually, semi annually and quarterly
138. Table 4.75 Your opinion about investment Analysis:- According to above table, 7% responses are for tax saving , 36% for return, 43% for wealth creation and 14% for better future. Interpretation:- The ULIPs are giving good returns to the investors.
139. Table 4.78 Returns you would look at from your investments Analysis:- As the above table depicts ,46.15% respondents want their return to fall in the category6-15%, 46.15% want return higher than 15% and 7.69% want between 26%-35%. Interpretation:- The investors want good returns.
140. Table4.79Reason for investment in the ULIP Analysis:- According to the above table, 60% responses are for income growth, 7% each for tax rebate and 26% for 2 in 1 benefits. Interpretation:- ULIPs provide high returns that is why people have purchased them for high returns,
141. Table4.80 Time horizon when investing in ULIP Analysis:- According to the above table, the time horizon for 62% respondents fall between 5-10 years, 30% respondents fall between 10-15 years. Interpretation:- People are ready for the long term investments.
142. Table 4.81 Preference while investing in ULIPs Analysis:- According to the above table, 54% respondents are preferring high risk for high returns,46% moderate risk moderate return. Interpretation:- People want good returns so they are taking risk.
144. Table 4.83 Satisfaction from company Interpretation:- The investors are satisfied by the above services provided by the company.
145. Analysis of ULIPs of Tata-AIG Table4.84 Gender Analysis:- From the above table it is evident that 69 % are males 31% are female.
146. Table4.85 Occupation Analysis:- As the above table illustrates, 84 % investors are doing private service, 8 % each for business and student.
147. Table 4.87 No. of time investment is done Analysis:- According to above table 54 % investors are investing once a year in insurance plan , 38 % are investing 2-3times a year and 8 % is investing more than 3 times.
148. Table 4.88 Your opinion about investment Analysis:- According to above table, 29 % responses are for tax saving , 50.00 % for return and 21 % for wealth creation. Interpretation:- Most of people invest in the ULIPs for good Returns.
149. Table4.91 Returns you would look at from your investments Analysis:- As the above table depicts, 46 % investors want their return to fall in the category 6-15%, 54 % want return higher than 15%. Interpretation:- The investors of TATA-AIG are expected moderate to high returns.
150. Table4.92 Reason for investment in the ULIP Analysis:- According to the above table, 73 % responses are for income growth, 13 % for 2 in 1 Benefit and 6.66 % for child education. Interpretation:- Most of the investors of TATA AIG purchase ULIPs for income growth.
151. Table4.93 Time horizon when investing in ULIP Analysis:- According to the above table, the time horizon for 38 % investors falls between 5-10 years, 38 % investors fall between 10-15 and time horizon of 23 % investors falls in upto 5 years . Interpretation:- Most of the investors of TATA -AIG ready for long term Investment..
152. Table 4.94 Preference while investing in ULIPs Analysis:- According to the above chart, 46 % investors are preferring high risk for high returns, 54% moderate risk moderate returns. Interpretation:- Most of the investors of TATA-AIG wants moderate or high risk for good returns..
160. Table 4.100 No. of time investment is done Analysis :- According to above chart 46 % investors are investing once a year , 46 % are investing 2-3times a year and 8 % is investing more than 3 times. Interpretation:- Most of the investors of Birla Sun life are prefer to invest once or twice a year.
161. Table 4.101 Your opinion about investment Analysis:- According to above table, 29 % investors are investing in insurance just for tax saving , 41 % for return, 11 % for wealth creation and 19 % for better future. Interpretation:- Most of investors of Birla sun life invest in the ULIPs for tax saving purpose. So they are just investing in ULIPs for tax saving purpose.
162. Table 4.104 Returns you would look at from your investments Analysis :-As the above table depicts,54% investors want their return to fall in the category6-15%, 46 % want return higher than 15%. Interpretation:- The investors of Birla Sun Life expected high returns for their investment In ULIPs.
163. Table 4.105 Reason for investment in the ULIP Analysis:- According to the above table, 62 % investors have purchase ULIPS for income growth, 8 % each for Tax rebate and 2 in 1 benefit and 15 % for pension. Interpretation:- Most of the investors of Birla Sun Life invest in ULIPs for income growth.
164. Table4.106 Time horizon when investing in ULIP Analysis:- According to the above table, the time horizon for 47 % investors falls between 5-10 years, 23 % investors fall between 10-15 and time horizon of 31 % investors is below 5 years . Interpretation:- Most of the investors of Birla Sun Life are ready for long term investment.
165. Table 4.107 Preference while investing in ULIPs Analysis:- According to the above table, 37 % investors prefer high risk for high returns, 30 % moderate risk moderate return and 23 for low risk low gain. Interpretation:- Most of the investors of Birla sun life want to take moderate and high risk for high returns.
167. Table 4.109 Satisfaction from company Interpretation:- Investors are highly satisfied by the premium collection procedure of Birla Sunlife. Also they are satisfied by other services like providing latest information, claim settlement procedure and grievance handling
168. Table 4.110 Preference for the plan Interpretation: The people have purchased ULIPs and traditional plans to get good returns.
169. Recommendations On the basis of the analysis of the data collected from the project the following recommendations are suggested to the company: 1. Good distribution network. 2. Security of funds more than Brand name. 3. Advertisement. 4. Awareness. 5. Scope for Private sector. 6. Social well fare.
170. Conclusion According to my study, ULIP gives high returns , flexibility and liquidity as compared to traditional plans. ULIP is more transparent than Traditional Plans. There is no doubt about the returns in ULIP due to proper transparency, but Traditional Plans have no transparency. Customers came to know about their transactions only at the end.
171. ULIP covers insurance with investment. In ULIP, a person on the one hand is investing money in market and on the other hand, he is securing his life. Therefore, ULIP is solving both the problems of investing and insurance. If a person is willing to invest in the market, then ULIP is the best option for him. According to my survey, people think the role of advisor is to help them in achieving the financial objectives and also to explain about the product. Some people thinks that advisor change their preference of investment. Advisor act as guide for them who tell them where to invest their money. According to my research, the policy holders and the investors give more preference to return on the investments.