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internship report on HDFC SL

internship report on HDFC SL

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Published by ravichitlangia28

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Published by: ravichitlangia28 on Jan 17, 2010
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12/16/2012

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ACKNOWLEDGEMENT
It is a matter of great pleasure to acknowledge theguidance, enormous assistance and co-operationextended to me from every corner, while proceeding withmy internship.I sincerely express my gratitude to Mr.SOURINDRAGHOSH (Branch Sales Manager) for allowing me to pursuemy internship in HDFC Standard Life Siliguri.I would also like to express my gratitude to all otherpeople who had extended their helping hand directly orindirectly throughout the internship, and without whosehelp my internship would not have been completed. Iwould also like to thank my parents for their guidanceand support. They have remained a source of inspirationfor me.
 
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INDUSTRY PROFILE
INSURANCE:
Insurance can be defined as assurance for uncertainty. Insuranceis about something going wrong. Its’ often about things goingright; One of the Wonders of human nature is that we neverbelieve anything can actually go wrong. The insurance sector in India has come full circle from being anopen competitive market to nationalization and back to liberalizedmarket again. Tracking the development in Indian insurancesector reveals the 360 degree turn witnessed over a period of almost two centuries. The business of life insurance in Indian in its existing form startedin India in the year 1818 with the establishment of Oriental LifeInsurance Company at Kolkata. Some of the important milestonesin life insurance business in India are.1912: The Indian Life insurance Companies Act enacted as firststatue to regulate the life insurance business.1928: The Indian Insurance Compan9es Act enacted to enable thegovernment to collect statistical information about life and non-life insurance businesses.1938: Earlier legislation consolidated and amended to by theinsurance Act with the objective of protecting the interests of theinsuring public.

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