T.Y.B.B.

I SEMESTER VI

FAMIILY FLOATER INSURANCE

FAMILY FLOATER INSURANCE

BACHELOR OF COMMERCE
BANKING & INSURANCE
SEMESTER VI
(ACADEMIC YEAR: 2014-15)

SUBMITTED BY

Atif Sattar
SEAT NO:

JAI HIND COLLEGE

A ROAD, CHURCHGATE, MUMBAI - 400020.

JAI HIND COLLEGE

T.Y.B.B.I SEMESTER VI

FAMIILY FLOATER INSURANCE

DECLARATION
I, Atif Sattar , student of B.Com. Banking & Insurance
Semester VI (2014-2015) hereby declare that I have
completed the project on FAMILY FLOATER
INSURANCE.

The information submitted is true and original to the best

of my knowledge.

Atif Sattar
SEAT NO:

FAMILY FLOATER INSURANCE

JAI HIND COLLEGE

T.Y.B.B.I SEMESTER VI

FAMIILY FLOATER INSURANCE

BACHELOR OF COMMERCE
BANKING & INSURANCE
SEMESTER VI
(ACADEMIC YEAR: 2014-2015)
SUBMITTED
IN PARTIAL FULFILLMENT OF THE
REQUIREMENTS FOR THE AWARD OF DEGREE
OF BACHELOR OF COMMERCE
BANKING & INSURANCE

BY

Atif Sattar
SEAT NO.

JAI HIND COLLEGE

A ROAD, CHURCHGATE, MUMBAI - 400 020.

JAI HIND COLLEGE

JAI HIND COLLEGE

T.Y.B.B.I SEMESTER VI

FAMIILY FLOATER INSURANCE

A ROAD, CHURCHGATE, MUMBAI 400 020.

CERTIFICATE
This is to certify that Mr. Atif Sattar of B.Com. Banking & Insurance
Semester VI (2014-2015) has successfully completed the project on
FAMILY FLOATER INSUARNCE under the guidance of Professor
Adarsh Suri & Professor Snehee Shah.

----------------------------

----------------------------

Courses Co-Ordinator

Principal

----------------------------

----------------------------

Internal Examiner

External Examiner

---------------------------College Seal

ACKNOWLEDGEMENT
It is the matter of great pleasure and privilege to be able to present this project report
on FAMILY FLOATER INSURANCE. The compilation of the project is a milestone in the
JAI HIND COLLEGE

T.Y.B.B.I SEMESTER VI

FAMIILY FLOATER INSURANCE

life of the Banking & Insurance student and its execution is inevitable with the co-operation
of the project guide.
I wish to record a deep sense of respect and gratitude to my project guide, the head of
B.B.I department, PROF. MRS. A. SURI for her encouragement to course of my work. It is
due to the enduring effort and guidance of my guide that ultimately made it a success.
I also take this opportunity to express my deep regards and gratitude to THE
PRINCIPAL who gave us guidance to take up and pursue the project.
I would also like to thank the librarian of Jai Hind College who helped me in finding
out various books on the topics.
I would also like to thank DR. DAMIEN MARMION the CEO of MAX BUPA who
enlightened me about family floater insurance and gave me practical examples which helped
me understand this project better.
I cannot just condone the valuable opportunity given to me by the UNIVERSITY OF
MUMBAI for compiling and submitting the project, which I feel is an opportunity to
express my views about FAMILY FLOATER INSURANCE.
I acknowledge my indebtness to various authors for making use of valuable
information liberally.
It is my proud privilege to express my deep sense of appreciation and gratitude to my
parents and friends for their support and co-operation in the course of the project either
directly or indirectly involved in time with their valuable contribution.

INDEX
SR. NO.
NAME OF TOPIC
1.
Executive Summary
2.
Overview
3.
Introduction To Insurance
JAI HIND COLLEGE

PG. NO.
1
2
3

T.Y.B.B.I SEMESTER VI

4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.

28.
29.
30.

FAMIILY FLOATER INSURANCE

Meaning Of Insurance
Health Insurance
What Is A Mediclaim Policy?
Why Is A Mediclaim Policy Required?
How To Choose A Right Mediclaim Policy?
Family Floater Insurance Policy
Important Definitions
Features Of Family Floaters Insurance Plan
Advantages Of Family Floater Policy
Disadvantages Of Family Floater Policy
Importance Of Family Floater In Different Stages Of Life
Products Of Various Companies For Family Floater
Insurance
What Family Floater Insurance Policy Covers In India
Exclusions
Claims Settlement Process
Is Family Floater A Better Option Than Individual?
Growth Of Family Floater Insurance In India

4
5
6
7
8-10
11-12
13-14
15
16
17
18
19

Critical Success Factors To Indian Family Floater

Insurance
Future Changes Expected

28-30

Case Study I: Family Floater Insurance Sold By Banks

Case Study II: ICICI Lombard
Article Review
An Interview By Max Bupa CEO: Dr. Damien Marmin
Comparative Study:
Oriental V/S Bajaj Allianz
V/S National Insurance Co. Ltd.
Interpretation Analysis Of Hypothesis
Conclusion
Bibliography

33-35
36-37
38-39
40-43
44-48

JAI HIND COLLEGE

20
21
22-23
24
25-27

31-32

49
50-52
53