PROJECT REPORT ON

GENERAL INSURANCE
IN PARTIAL FULFILLMENT OF
THE DEGREE AWARDED AT

B.COM (BANKING & INSURANCE)

SEMESTER VI

SUBMITTED TO

UNIVERSITY OF MUMBAI
FOR ACADEMIC YEAR 2013 2014

SUBMITTED BY,
NAME: PARTH M. KUNDAR
ROLL NO: 24

VIVA COLLEGE OF ARTS, COMMERCE AND SCIENCE

VIRAR (WEST)
401303

DECLARATION

I hereby declare that project titled GENERAL

INSURANCE is an original work prepared by me & is being

submitted to University Of Mumbai in partial fulfillment of B.Com
(Banking & Insurance) Degree for the academic year 2013-14.
To the best of my knowledge, this report is not been submitted
earlier to the University Of Mumbai or any other affiliated college
for the fulfillment of B.Com. (Banking & Insurance) degree.

Date :

Name : PARTH M.KUNDAR

Place:

Signature

ACKNOWLEDGEMENT

I, Mr. PARTH M. KUNDAR, the student of VIVA

College pursuing my B.COM (BANKING & INSURANCE),
would like to pay the credits, for all those who helped in the
making of this project.
The first in accomplishment of this project is our
Principal Dr. R.D Bhagat, Vice-Principal and guide Prof.
Prajakta Paranjape, Course Co-ordinator

Prof. Roshani

Nagar & teaching & non-teaching staff of VIVA College.

I would also like to thank all my college friends those
who influenced my project in order to achieve the desired result
correctly.

INDEX
SR.

TOPIC

PAGE.

NO.

NO.

INTRODUCTION TO GIC

HISTORY

PROFILE OF GENERAL INSURANCE

INSURANCE TERMINOLOGIES

MISSON AND VISION

11

LIST OF GENERAL INSURANCE COMPANIES

13

PRODUCTS

18

SWOT

20

CHALLENGES FACED BY GENERAL

25

9
10
11
12
13

INSURANCE COMPANIES
WORKING OF ORIENTAL INSURANCE

26

WORKING OF NEW INDIA ASSURANCE

29

COMPANY
OBJECTIVES

30

GROWTH OF GENERAL INSURANCE

32

INDUSTRY

14

CONCLUSION

35

15

SUGGESTIONS

36

16

BIBLIOGRAPHY

37