This action might not be possible to undo. Are you sure you want to continue?
the degree of BACHELOR OF BUSINESS ADMINISTRATION
Submited by (Shivam Rai)
BBA 6th SEMESTER ROLL NO. 1350
Under the supervision of (Vijay kumar pandey)
DEPARTMENT OF BUSINESS ADMINISTRATION
2012 TECHNICAL EDUCTION & RESEARCH INSTITUTE
Post-Graduate College, Ravindrapuri Ghazipur – 233001
This is to certify that Shivam Rai Pursuing BBA 6th Semester from this institute, has prepared the research project report entitled “A Study on role of market intermediaries in insurance industry.” in partial fulfillment of the requirement of the degree of Bachelor of Business Administration from Veer Bahadur Singh Purvanchal University, Jaunpur During the session 2011-2012.
This report is based on survey project undertaken by (Mrs. Vijay Pandey ) under my supervision during the course of 6th semester and fulfills the requirements relating to the nature and standard of BBA course of V.B.S. Purvanchal University, Jaunpur. I recommend that this project may be sent for evaluation.
Rahul Ananad Singh Reader & Head Dept. of Business Administration
(Mrs. Vijay Pandey) (Lecturer)
DEPARTMENT OF BUSINESS ADMINISTRATION
I Shivam Rai hereby declare that this survey project report entitled “A Study on role of market intermediaries in insurance industry.” Has been prepared by me on the basis of survey done during the course of my 6th semester BBA programmed under the supervision of Lecturer, Department of Business Administration, TERI, Ghazipur. This survey project is my bonafide work and has not been submitted in any University of Institute for the award of any degree or diploma prior to the under mentioned date. I bear the entire responsibility of submission of this project report.
April 2012 BBA 6TH SEMSETER
Department of Business Administration Technical Education & Research Institute P.G. College, Ghazipur
I would like to express my gratitude to Mrs. Vijay Pandey (Lectures, T.E.R.I. P.G. College Ghazipur) who supervise and guide me entire whole Research Report premarital. I am grateful to Dr. Rahul Anand Singh (HOD-BBA T.E.R.I., P.G. College, Ghazipur) and Shri D.N. Singh (Director T.E.R.I. P.G. College, Ghazipur) for their support & encouragement . I would also like to thanks to all the respondents who directly provide the data for Research Report .
Shivam Rai Roll Number: 1350
CONTENTS PREFACE CHAPTER 1 • Introduction • Objective CHAPTER 2 • Research Methodology • Limitation CHAPTER 3 • Data analysis & Interpretations CHAPTER 4 • Finding & Conclusion CHAPTER 5 • Appendix • Bibliography .
The topic assigned for the research report is: “A Study on role of market intermediaries in insurance industry.S. Each student is required to prepare research report in his or her 6th semester. Project Report is an integral part of the B.B. Each chapter has its own relevance and importance. This programmed intends to get familiar with practical aspect of management through survey. This course includes both theory and its application contents of curriculum.A.B. The Introductory stage of this survey report is based on introduction of lemon . The chapters are divided and defined in a logical. Purvanchal University Jaunpur ”. program at “V.B. The Research programmed is an integral constant of the cause curriculum of programmed in Management.PREFACE B.A programme is one of the most reputed professional courses in the field of management. This survey is divided into forth chapters. The importance of any academic course would give advantage and acceptance of the true from only through practical experience. systematic and scientific manner to cover every nook and corner of the topic.” I know the opinion of the sample by personal interview & questionnaire.
gives a brief description of the process employed so far. It contains information about the methods of data collection. that is. It also showed annexure which contains a format of the questionnaire used for the purpose of data collection. Second chapter dealt with Research Methodology. publisher etc. it’s objective. volume number. author. This based on the data analyzed and interrelated in previous chapters. Depicted conclusion which concludes the whole repot.flavor soft drinks company profile. sample design. Data analysis & interpretation. . for repot is evaluated on the validity and correctness of its findings. The process of carrying out the whole research problem is defined in it. Fourth Chapter one title bibliography contains the list of sources from where the matter and information is collected. It contains the list of books. importance. issue year. scope & limitation. Third chapter is finding and conclusion. Contains the findings and conclusion of the study. This is the most important section of the report. sampling.
He is a communicator who Pragmatically quantifies a portfolio’s risk and return in a way that is easy to Understand through the investment Policy statement and the asset class Allocation. Most importantly. the market intermediaries listens to the Wishes of management regarding financial goals and objectives and designs reasonable investment strategies to carry out these initiatives. Just as an insurance company endorses quality safety system to monitor Worker safety.INTRODUCTION Role of the Market Intermediaries The Role of The market intermediaries is to serve as a fiduciary to the insurance Company’s Board of Director and more Specifically. the market intermediaries is independent in . Just as the General Counsel Advises the Board on all matters related to the law. the market intermediaries designs portfolio solution so Management is never caught off balance having taken too much risk the advisor searches out and hires third party investment managers who are disciplined in their execution of portfolio return that outperform the index And constantly monitor their performance. it`s Investment Committee. As a Professional. the market intermediaries Counsels the Board on all matters relating to the company’s investment Portfolio.
or selling securities. Market Intermediaries The term market intermediaries (MI) (spelled " market intermediaries " within U. remain unregistered. as to the value of securities or as to the advisability of investing in. He is always looking for a better way to increase portfolio returns.S.that he does not represent a fixed set of investment product. Lastly. but is always on the lookout for top performers in each asset class of the client’s portfolio. the market intermediaries assumes the role of company’s investment advocate. for compensation. financial law) is an individual or firm who. purchasing. engages in the business of advising others. market intermediaries market may be registered with state regulatory agencies. Compensation IAs generally is paid in one of the following ways: • • • A percentage of the value of the assets they manage An hourly fee for the time they spend working A fixed fee . the Securities and Exchange Commission. either directly or through publications or writings. or pursuant to certain exemptions.
• Always place client interests ahead of its own. The Securities and Exchange Commission (SEC) has said that an adviser has a duty to: • Make reasonable investment recommendations independent of outside influences. financial situation and other factors.Fiduciary Standard The anti-fraud provisions of the market intermediaries Act of 1940 and most state laws impose a duty on IAs to act as fiduciaries in dealings with their clients. • Make recommendations based on a reasonable inquiry into a client's investment objectives. or Exchange-Traded Fund. Registration Registered Market Intermediaries (RMI): Refers to an IA that is registered with the SEC or a states securities agency and typically provides investment advice to a Retail investor or registered Investment company such as a Mutual Fund. Registration does not signify that the SEC . • Select broker-dealers based on their ability to provide the best execution of trades for accounts where the adviser has authority to select the broker-dealer. This means the adviser must hold the client's interest above its own in all matters.
and Consequently. Bombay Mutual Life insurance society became the first Indian insurer. In 1870. The Life Insurance Corporation (LIC) absorbed 154 Indian. The Government of India issued an ordinance on 19th January. when oriental Life insurance Company was started by Anita Bhavsar in Kolkata to cater to needs of European Community..245 Indian and foreign insurance in all. 16 non Indian Insures as also 75 provident societies. In 1972 with the General Insurance Business (Nationalization) act was passed by the Indian parliament. namely National Insurance Company Ltd. Unregistered Market Intermediaries : Refers to an IA that is not registered with the SEC or a states securities agency and typically provides investment advice to private pools of capital.107 insurers were amalgamated and grouped into four companies.. General Insurance Business was nationalized with effect from 1st January. the Oriental . the new India Assurance Company Ltd. INTRODUCTION OF INSURANCE Insurance in its current form has its history dating back until 1818. 1956 nationalizing the life insurance sector and Life Insurance Corporation came into existence in the same year. Such an investment pool is commonly known as a Hedge Fund or a Private equity fund. 1973.has passed on the merit of a particular IA.
Financial adviser A financial adviser or financial advisor is a professional who renders financial services to individuals. which may include pension planning. the financial adviser helps the client maintain the desired balance of investment income. With effect from December 2000. Ideally.. and/or advice on life insurance and other insurances such as income protection insurance. and acceptable level of risk by using proper . capital gains. their subsidiaries have been de-linked from the parent company and were set up and independent insurance companies : Oriental Insurance Company Limited. Before that. The General Insurance Corporation of India was incorporated as a Company in 1971 and it Commence Business on January 1st 1973. New India Assurance Company Limited. industry consisted of only two state insurances: Life Insurance (LIC) and General Insurance (GIC). businesses and governments. and/or advice on mortgages. National Insurance Company Limited and United India Insurance Company Limited.Insurance Company Ltd and the United India Insurance Company Ltd. critical illness insurance etc. This can involve investment advice. GIC had four subsidiary companies.The LIC Had Monopoly till the late 90s when the insurance sector was reopened to the private sector.
although "feebased" planning is becoming increasingly popular in the financial services industry.5% per year to make the investment decisions for the client. To ensure ethical practices. Fee-only advisers do not collect commissions or referral fees paid by other product or service providers. Financial Adviser is also the name of a weekly trade newspaper for independent financial advisers in the UK. They do not collect commissions. and insurance products to meet the needs of their clients. notes. its editorial offices are in London. financial advisers must understand a client's financial situation as well as their need for financial stability. Typically they charge about 1. Role The main purpose of a financial adviser is to assist clients in the planning and arrangement of their financial affairs. Fee-based advisers often charge asset based fees but may also collect commissions. real estate investment trusts (REITs). such as savings. Owned by The Financial Times. A further distinction should be made between "fee-based" and "feeonly" advisers. Financial advisers use stock. Finance can be complicated and any adviser has responsibilities . Many financial advisers receive a commission payment for the various financial products that they broker. bonds. options. mutual funds. retirement provisions. tax treatment and wills. Some investment advisors only charge a fee based on the assets managed for the client.asset allocation. futures.0 to 1.
and projected return on investment—to meet a minimum balance by the client's target age of retirement. and many automated tools do this. and financial tools and products to establish realistic goals and the strategy by which to reach them. This is a fairly straightforward calculation. It is the financial adviser's duty to determine the clients' goals and risk . stocks. and monetarily. Individual Retirement Accounts/Roth IRAs. taxation. mutual funds. bonds and CDs. Retirement planning One of the major services that financial advisers offer is retirement planning. The financial adviser's greatest contribution is asset allocation: determining how to maximize the return on investment while satisfying the client's risk tolerance. The financial adviser determines what percentage of the available income is necessary—taking into account tax liabilities. Investing Financial advisers may help their clients invest for both long and short term goals. asset allocation.ethically to see that a client's risk is minimized. In the United States. this will include the use of several investment tools such as 401(k)/403(b) Roth account(s). A financial adviser should have knowledge of budgeting. forecasting. that money is maximized within the established risk boundaries. expected inflation.
their value can be eroded by inflation over longer periods of time. While these types of investment generally have lower returns there is less volatility and there is less likelihood of losing principal capital. finder’s . and asset management fees. and short term bonds. If the client has shorter term goals. the adviser should recommend less volatile investments with shorter time spans. typically achieved through a combination of hourly fees (including retainers). certificates of deposit. a long time horizon allows for the advisor to recommend more volatile investments with potentially greater risks and rewards. are compensated solely by the client.tolerance and then to recommend appropriate investments. Generally. such as an investment advisor. fee-only financial advisors. Such investments include direct investment in stocks or through collective investment products such as mutual funds and unit investment trusts/unit trusts. Neither advisors nor affiliates may receive commissions. Although short-term investments can guard against loss of capital. awards. Such investments could include cash deposits. financial planning fees. rebates. Compensation Fee-only As defined by the review materials for the Certified Financial Planner exam and the National Association of Personal Financial Advisors.
bonuses or other forms of compensation from others as a result of a client’s implementation of the individual’s planning recommendations. • An incentive to generate commissions through the unnecessary buying and/or selling of securities (also known as churning). and other financial companies. . who often refer to themselves as "fee-based" (receiving both fees and commissions) and "feeonly" (someone who never receives compensation or incentives from a third party. The fee-only model of compensation reduces the potential for conflicts of interest between the advisor and the client in that the advisor is not beholden to insurance companies.fees.) A fee-only advisor may reduce conflicts of interest such as: • Advising a client to buy products and make investments when holding cash and other liquid assets may have been a more suitable recommendation at that time. particular investments. • An incentive to convert non-cash assets such as real estate and collectibles to cash and securities so that the advisor can generate a commission. A clear distinction should be made between brokers.
India Insurance Policy The concept of insurance is intimately related to security. a riskaverse behavior has been a characteristic feature of Indians who preferred a "low & certain" disposable income to a "high & uncertain" one. By the dawn of the 20th . The first Indian Insurance Company to cover Indian lives at normal rates was Bombay Mutual Life Assurance Society which was established in the year 1870. when Oriental Life Insurance Company was started by Europeans in Kolkata to cater to the needs of their own community. Traditionally. Commission-based Many financial advisers receive a commission payment for the various financial products that they broker. The age was characterized by intense racial discrimination as Indian insurance policy holders were charged higher premiums than their foreign counterparts. although "fee-based" planning is becoming increasingly popular in the financial services industry. Insurance acts as a protective shield against risk and future uncertainties. Hence insurance has become a close associate of Indians since 1818.• An incentive to make recommendations that pay higher sales commissions to the advisor when a less expensive alternative may have been available.
century. the Life Insurance Corporation (LIC) of India was created on 1 st September. new insurance companies started mushrooming up. In 19th January. At that time. 1956 which has grown in leaps and bounds henceforth. there were 245 insurance companies of both Indian and foreign origin. A brief on how the events folded up is discussed as follows: The Insurance Act of 1938 was the first legislation governing all forms of insurance to provide strict state controls over insurance business. 1956. Government accomplished its policy of nationalization by acquiring the management of the companies. Bearing this objective in mind. Such statistical estimates made by actuaries revealed the disparity that existed between Indian and foreign companies. The Indian Insurance Sector went through a full circle of phases from being unregulated to completely regulate and then being partly deregulated which is the present situation. the life insurance in India was completely nationalized through the Life Insurance Corporation Act of 1956. to become the largest insurance company in India. In order to regulate the insurance business in India and to certify the premium rate tables and periodic valuations of the insurance companies. The General Insurance Business . the Life Insurance Companies Act and the Provident Fund Act were passed to regulate the Insurance Business in India in 1912.
This increasing market is creating considerable competition among Indian insurance companies in an industry that 20 years ago was relatively small. Oriental Insurance and United India Insurance which have their headquarters in four metropolitan cities. in particularly serving a Middle Class that is growing on both size and wealth every year.(Nationalization) Act of 1972 was formulated with the objective of nationalizing nearly 100 general insurance companies and subsequently amalgamating them into four basic companies namely National Insurance. it is hardly surprising that Indian insurance companies are growing. the following is the list of private companies in the Life Insurance Sector in India as on September. While LIC is the is the sole operator in the public sector. New India Assurance. Indian Insurance Companies With the rapid growth of the Indian Insurance industry. the flow of Foreign Direct Investment (FDI) was also restricted to 26 % of the total capital held by the Indian Insurance Companies. and playing an increasingly important role in the nation's financial services industry.2006. The Insurance Regulatory and Development Authority (IRDA) Act of 1999 deregulated the insurance sector in India and allowed the entry of private companies into the insurance sector. To . Moreover.
in www.ingvysayalife.com www. India's Insurance Regulatory and Development Authority (IRDA).co. Particulars of the Indian insurance companies including both life insurance companies and general insurance companies are given below – LIFE INSURERS Public Sector Life Insurance Corporation of India Private Sector Allianz Bajaj Life Insurance Company Limited Birla Sun-Life Insurance Company Limited HDFC Standard Life Insurance Co.hdfcinsurance.licindia.date. there are currently 13 Indian insurance companies in the life side and 13 Indian insurance companies operating in general insurance.iciciprulife.birlasunlife.com www. Counting the existing public sector insurance companies. Limited ICICI Prudential Life Insurance Co. General Insurance Corporation has been approved as the Indian reinsurer for underwriting only reinsurance business. has granted registration to 12 private life insurance companies and nine general insurance companies.com www. Limited www.com Websites .com www.maxnewyorklife.allianzbajaj. Limited ING Vysya Life Insurance Company Limited Max New York Life Insurance Co.com www.
.sbilife. The premiums of life insurance accounts to about 2.65% GDP. ICICI Prudential are booming in this era. Ltd.com www. Bajaj Allianz. SBI Life Insurance Company Limited TATA AIG Life Insurance Company Limited www.metlife.com www. In India the Insurance sector went through a number of changes when the Indian Government allowed the private companies to solicit insurance by allowing FDI up to 265%.5 % of India's GDP while the premiums of the general insurance accounts to about 0.co.tata-aig.in www.kotakmahnidra.MetLife Insurance Company Limited Kotak Mahindra Life Insurance Co.com INTRODUCTION OF INSURANCE COMPANIES Insurance is a nascent sector in India providing a wide potential for the players worldwide. The Insurance Companies like LIC.The Indian Insurance scenario received a boost up as the global insurance companies are craving for a lion's share. The list below will give the names of the best Insurance Companies of India.
Insurance Companies LIC Birla Sun Life Bajaj Allianz Tata AIG Life SBI Life Kotak life insurance HDFC Standard life Max New York life Reliance Life ICICI prudential .
It has introduced new strategies for the facilitation of the customers like the IVRS.048 branch offices and a vast network of 10. The Bombay Mutual Life Assurance Society. Europeans in India were its primary target market. was established in Calcutta in 1818 by Bipin Bernard Dasgupta and others.ATM Premium payment facility and the company's Info centers in Mumbai. 154 Indian Insurance Companies and 75 provident. Kolkata and many others cities. LIC has an estimated asset of Rs. 7 zonal offices and the company's corporate office. Delhi.ECS. Fully owned by government. 2048 computerized branches. formed in 1870. It has 100 divisional offices. the first corporate entity in India offering life insurance coverage. 8 trillion. It also funds almost 24. was the first native insurance provider.02. LIC is also the largest investor of the country. Established in 1956 and headquartered in Mumbai. Chennai.Life Insurance Corporation of India (LIC) The Life Insurance Corporation of India (LIC is undoubtedly India’s largest life insurance company.6% of the expenses of government of India.149 agents spread across the country. This leading Insurance Company of India was established in the year 1956 by the alliance of 16 non-Indian companies. Other insurance companies established in the pre-independence era included .100 divisional offices. Life Insurance of India has 8 zonal offices. and it charged Indians heftier premiums. 2. The Oriental Life Insurance Company.
This had adversely affected the faith of the general public in the utility of obtaining life cover. India's First War of Independence. The Indian Insurance Companies Act of 1928 authorized the . and in between them the period of worldwide economic crises triggered by the Great depression. The first half of the 20th century also saw a heightened struggle for India's independence. providing the first regulatory mechanisms in the Life Insurance industry. The aggregate effect of these events led to a high rate of bankruptcies and liquidation of life insurance companies in India. The Life Insurance Act and the Provident Fund Act were passed in 1912. adverse effects of the World War I and World War II on the economy of India.• • • • • • • • • Bharat Insurance Company (1896) United India (1906) National Indian (1906) National Insurance (1906) Co-operative Assurance (1906) Hindustan Co-operatives (1907) Indian Mercantile General Assurance Swadeshi Life (later Bombay Life) The first 150 years were marked mostly by turbulent economic conditions. It witnessed.
Nationalization of the life insurance business in India was a result of the Industrial Policy Resolution of 1956. parliamentarian Amol Barate raised the matter of insurance fraud by owners of private insurance companies. owner of the Times of India newspaper.government to obtain statistical information from companies operating in both life and non-life insurance areas. In the ensuing investigations. by consolidating the life insurance business of 245 private life insurers and other entities offering life insurance services. Ram Kishan Dalmia. was sent to prison for two years. which had created a policy framework for extending state control over at least seventeen sectors of the economy. and the Life Insurance Corporation of India was created on 1956-09-01. A bill was also introduced in the Legislative Assembly in 1944 to nationalize the insurance industry. one of India's wealthiest businessmen. the Parliament of India passed the Life Insurance of India Act on 1956-06-19. The subsequent Insurance Act of 1938 brought stricter state control over an industry that had seen several financially unsound ventures fail. . Eventually. Nationalization In 1955. including the life insurance.
2. The problem of liquidity gets automatically eliminated as soon as the fund is managed by LIC. 1. the candidate will be eligible for a higher of sum assured to receive under the Basic Plan and the policyholder Fund Price the date of the books of liability.LIC Endowment Plan Plus offers a glance * Critical Illness Benefit * Accident Benefit * Partial withdrawal * Loan Policy ADVANTAGES Death grants In case of death of the insured when the lid is in full force. 3. We conduct free actuarial valuations of the funds administered by us from time to time. The liability will be made upon receipt of the notification with the death certificate. . An attractive and competitive yield on the fund will be credited to Fund A/c.
Group Insurance in conjunction with the Group Superannuation Scheme can be taken by an Organization to provide for an attractive lump sum payment on the unfortunate death of a member while in service. at very nominal cost. .4. The Administration of the fund is carried out by us in a scientific manner and claims are promptly settled. 5.
The company provides Life Insurance Solutions to meet the needs of Protection. including . Birla Sun Life Asset Management Company Ltd.Birla Sun Life Financial Services Birla Sun Life Insurance Company Ltd. It has got and extensive network of more than 600 branches. Our solutions offer a range of investment options. It is one of the major insurance companies in India and a joint venture of Sun Life Financials and Aditya Birla group. Health etc. which currently covers over 2 million lives.000 empanelled advisors work for Birla Sun Life. Established in 1994. of Canada. Origin – 2000 & Head office in Mumbai. Retirement and Saving . the investment managers of Birla Sun Life Mutual Fund. Birla Sun Life Mutual fund has emerged as one of India's leading flagships of Mutual Funds business managing assets of a large investor base. Canada. Birla Sun Life Financial Services is a joint venture between Aditya Birla Group And Sun Life Financial Inc. is a joint venture between the Aditya Birla Group and the Sun Life Financial Services Inc. Riders. (BSLAMC). NRI.It has recently launched the Money back Plus Plan and offers Insurance programs like the Children. 75. The joint venture brings together the Aditya Birla Group's experience in the Indian market and Sun Life's global experience. More than 1.
diversified and sector specific equity schemes. UAE. the Group is driven by a performance ethic pegged on value creation for its multiple stakeholders. Australia. Fertilisers. Egypt. Philippines. Laos.000 employees. fund of fund schemes. BSLAMC strives to provide transparent. Indonesia. Cement.Birla Sun Life Asset Management Company has one of the largest team of research analysts in the industry. Carbon Black. Thailand. Hungary. Copper. Bahrain and Korea. Viscose Filament Yarn. USA. Italy. hybrid and monthly income funds. Vietnam. France. Brazil. Branded Apparels. Singapore. The Group operates in 26 countries – India. Over 60 per cent of its revenues flow from its operations across the world.The Aditya Birla Group is a dominant player in all its areas of operations viz. rooted in Indian values. Malaysia. ethical and research-based investments and wealth management services. Germany. UK. Bangladesh. dedicated to tracking down the best companies to invest in. .Heritage The Aditya Birla Group The Aditya Birla Group is one of India's largest business houses. Luxembourg. the Aditya Birla Group is anchored by an extraordinary work force of 130. Insurance. a wide range of debt and treasury products and offshore funds. Viscose Staple Fibre. Insulators. Myanmar. China. Sponge Iron.A US $29 billion corporation in the League of Fortune 500. belonging to 40 different nationalities. Aluminium. Canada. Global in vision. Chemicals. Switzerland.
Mutual Funds. Software and Telecom. the Philippines. the United States. the Tata Group and NGK Insulators (Japan). . The Group has strategic joint ventures with global majors such as Sun Life (Canada). and has ventured into the BPO sector with the acquisition of TransWorks. Hong Kong. India. Chartered in 1865. AT&T (USA). China and Bermuda. the United Kingdom. Japan. Sun Life Financial Inc and its partners today have operations in key markets worldwide. Indonesia. including Canada. Sun Life Financial Sun Life Financial Inc is a leading international financial services organization providing a diverse range of wealth accumulation and protection products and services to individuals and corporate customers. a leading ITES/BPO company.
BSLI is a pioneer and innovator in many best management practices which we take for granted today. . Alternate Channels would be the fastest growing channel this year and is a mix of Insc brokers . agencies and franchisees.One of the fastest growing companies in the financial services domain. A almost flat org structure fabulous products and innovative business models ensure that this is one of the best places to work in. BSLI has the best Banca team in the business considering the fact that it does not have any captive banks of its own.Corp. Salaries could be better but it is amply compensated by better HR practices.
The Company also achieved a growth of 11% with premium income of Rs.which is one among the largest Life Insurance companies and Bajaj Auto. Where Baja Finserv Limited Holds 74% of the stake. Life Insurance Online. Both enjoy a reputation of expertise. Health Care. Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Finserv Limited (recently demerged from Bajaj Auto Limited) and Allianz SE. and online services like the Address change. 2001 to conduct General Insurance business (including Health Insurance . Life Time Care. Life Insurance Saving Plans. Retirement. This Indian Insurance company is a joint venture of Alliance AG. in Mumbai. whereas Allianz SE Holds the rest 26% stake. Renewal Premium Payment etc. The Company has various plans for the customers like the Pension. Ltd.Bajaj Allianz General Insurance received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 2nd May. 2866 crore as on March 31.& 3 wheeler producers in the world. Bajaj Allianz had been rated IAAA by ICRA for its ability to pay claims. Origin – 2 May 2001 and H.Bajaj Allianz Bajaj Allianz General Insurance Co.O. Bajaj Allianz is joint venture between Bajaj Finserv Limited and Allianz SE. stability and strength. one among the biggest 2. 2009.
Bajaj Allianz has made a profit before tax of Rs.As on 31st March 2009. 2866 crore. Bajaj Allianz General Insurance maintained its premier position in the industry by achieving growth as well as profitability.Bajaj Allianz today has a countrywide network connected through the latest technology for quick communication and response in over 200 towns spread across the length and breadth of the country.100 crore mark in profit before tax in the last three years. The company garnered a premium income of Rs.95 crores. all the offices are interconnected with the Head Office at Pune.business) in India. To be the number one insurer for creating shareholder value . The Company has an authorized and paid up capital of Rs 110 crores. achieving a growth of 11 % over the last year. which is also the highest by any private insurer. The profit after tax was Rs. 149. From Surat to Siliguri and Jammu to Thiruvananthapuram. Vision • • • To be the first choice insurer for customers To be the preferred employer for staff in the insurance industry.8 crore and has become the only private insurer to cross the Rs. Bajaj Finserv Limited holds 74% and the remaining 26% is held by Allianz. SE.
This rating indicates highest claims paying ability and a fundamentally strong position. offers a range of insurance products to its clients. for Claims Paying Ability. from ICRA Limited. 1. Awards 2008.Achievements Bajaj Allianz has received “iAAA rating. an associate of Moody’s Investors Services. Products and Services Bajaj Allianz General Insurance Company Ltd. The company was one of the top three finalists for the year 2007 and 2008 in the General Insurance Company of the Year award by Asia Insurance Review.Bajaj Allianz General Insurance has received the prestigious â€œBusiness Leader in General Insuranceâ€ awarded by NDTV Profit Business Leadership . The following insurances are offered by the company • • Motor Insurance Asset Insurance o o Home Insurance Shop / Showroom: Protection against all risks Health Guard Personal Guard Hospital Cash Critical Illness Silver Health E-Opinion Star Package Health Ensure • Health Insurance o o o o o o o o .
o o o o • Insta Insure Sankat Mochan Family Floater HG Tax Gain Travel Companion Student Companion Pravasi Bharati Bima Yojana Travel Asia Travel Elite Travel Assist Swades Yatra Specialty Lines Aviation Marine Hull Insurance Project Insurance Sports & Entertainment Insurance Your Employees Group Personal Accident Group Health Guard Group Critical Illness Workmen’s Compensation Group Travel Office Office Package Burglary Plate Glass Public Liability Fire Money D & O Liability Fidelity Guarantee Manufacturing Unit Fire Business Interruption Industrial All Risk Workmen’s Compensation Travel Insurance o o o o o o o • Corporate Insurance o o o o .
Engineering Public Liability Product Liability Composite Public & Product Liability Fidelity Guarantee Marine Insurance Credit Insurance
Huge advertisements on Television and radios. Tele-marketing Promotion in front of corporate offices Internet Marketing Hoardings and brochures
People are the main assets of financial organization because of service factor attached to it. Here in this case of insurance business, talented and experienced personnel are required. Bajaj Allianz recruits highly intellectual persons with good market knowledge. They also provide training to brief them up about Bajaj Allianz to its new staff members. This is the reason they are No.1 position in General Insurance among private players. They create an emotional commitment and strong two-way relationship between the employees and the Company.To have clear performance expectations and a clear return from the Company (working environment, development, reward,
career opportunities etc), which helps employees to make a connection between their contribution and the progress made by the Company.To inspire and empower people to achieve their best and reward them competitively for their contribution and provide attractive career opportunities.To build a learning culture which fosters personal development and professional mobility and upholds values of professionalism,innovation, pragmatism, team spirit, integrity.To respect and value individuals, their diversity and support them in their need to balance professional and personal lives.
The prestigious awards itself speaks the smooth functioning of the insurance activities. They have the highest claims paying ability and a fundamentally strong position. They want to be the first choice for insurers in the country. So, they understand the insurance needs of the customers and translate it into affordable products that deliver value for money. Below case study is a clear evidence of proof.
5. Physical Evidence
Physical evidence is the material part of a service. Strictly speaking there are no physical attributes to a service, so a consumer tends to rely on material cues. There are many examples of physical evidence, including some of the following. a) Business cards b) Internet / Websites c) Furnishings d) Bajaj Allianz Building in Pune e) Internal Infrastructure
Tata AIG Life
This renowned life Insurance company in India offers a wide array of products related to life insurance for associations, individuals and businesses. The company offers high quality solutions to its corporate Indian clients. It renders services like the AIG Health First, AIG Health Life Protector, Tata AIG Life Hospi Cash Back, Tata AIG Life Maha Gold, Tata AIG Life Assure 10 Years and many others. The company is a joint venture of America International Group and TATA group.The insurer also pays the premium till maturity of the policy, due to an inbuilt "waiver of premium" feature. Tata AIG United Ujjwal Bhawishya offers diversified variety of investment options (funds) including largecap funds, mid-cap fund, debt and balanced fund.
Generally, cost structure of children's Ulip is high due to an added cost of the "waiver of premium" feature. However Tata AIG Life United Ujjwal Bhawishya's cost structure is economical compared to its peers. The premium allocation charge in the beginning is only 3%. Also, though the policy administration charges look high in the initial year, considering the inflation factor over the term of the policy, absolute charge looks reasonable. Fund management charge is also low compared to its peers. The mortality charge of
The mid-cap fund is a risky preposition. so in 2010 it generated 22. has outperformed its benchmarks by generating 20. Further. on a period of three years. has also performed better.4% returns.6% return. the fund failed to outperform its benchmark. whereas its peers have over 30% higher mortality charge. however. BENEFIT The most vital benefit that differentiates this plan from the rest of Ulips is an inbuilt waiver of premium feature. the fund's portfolio does not include banking and financial services sector. This fund performs in cycles. PERFORMANCE Tata AIG United Ujjwal Bhawishya has comprehensive basket of funds that has been in existence for over one year now. Whole life aggressive growth fund. its benchmark. highest in the fund's basket. The policy also offers four riders for 'added protection'. The income . Its three-year-old large-cap equity fund has generated absolute returns of 20. a hybrid equity-oriented fund.Tata AIG Life is just about 5% higher than the LIC table.5% as against a decline in the Nifty. The performance of most of the funds has been sound. Super Select another equity-oriented fund. Whole life stable growth and whole life aggressive growth fund are balanced fund for risk-averse investors.
Advantage Advantage of combining the protection and tax advantages of life insurance. with the attractive prospects of investing in different kinds of securities through multiple fund options. PORTFOLIO The portfolio of every fund in Tata AIG Life United Ujjwal Bhawishya scheme is different due to the varied nature of each of the fund. you can direct the investments by creating your own investment Fund portfolio from a range of options to suit your needs and preferences. a comprehensive glance of the portfolio suggests it to be a diversified portfolio. An intersecting thing about the portfolio of Tata AIG Life is its high cash holding. the portfolio is well balanced with most of the debt maturity being spread over diverse time period. On the debt side also.fund includes whole life income and whole life st fixed income. Banking. IT and financial services form almost 30% of the portfolio. And you can keep reaping the benefits for a lifetime! What's more. For instance. Whole life mid cap equity fund has majority of midcap stock holding. The equity funds (except mid-cap fund) portfolio comprises majority of the Nifty stocks. . These invest in government and corporate bonds. which may not be rewarding for the company in the long run. However.
SBI Life-Unit plus Child Plan etc.Under the Platinum choice. The insurance company charges 15% premium allocation charges for a 5-year . SBI Life is a joint venture of BNP Paribas Assurance and SBI. COST STRUCTURE The large ticket size has helped keep the cost of this scheme low. The plan is no different from other Ulips offered by SBI Life except that it has a high premium bracket starting from Rs 1. ECS Facility. Under the Gold option. It also offers services like the NRI services. The scheme offers six alternative investment options (funds) with varying equity and debt exposure for the policyholder. RPI/RFI and many others.50.SBI Life This renders premium Insurance solutions like SBI Life-Smart ULIP. the diagram provides a choice of higher of sum assured or fund value on unfortunate events. Premium Payment Procedure.000. SBI Life-Smart Elite is a unit-linked life insurance plan crafted exclusively for high net worth individuals. SBI Life-Group Criti9. It offers two protection options. the nominee of the policyholder would receive both.
BENEFITS SBI Life-Smart Elite is a flexible plan with various premium payment modes. However. It needs to be noted that the scheme's mortality charges are same as that of the LIC mortality table. The plan offers a settlement option. Bond Fund and Money Market Fund. This is much lower than the 20-25% charged by some other insurers.period. An increase in the sum assured is subject to underwriting and is not available at 50 years and above. which have higher charges. PERFORMANCE SBI Life-Smart Elite offers a basket of six investment options of which three funds are more than five years old. The system allows the policyholder to increase or reduce the sum assured based on the needs. These include Balanced Fund. Additional premium paid towards investment purposes only (top-ups) attract a 2% allocation charge. This helps in keeping the cost organization low since the administration charge is defined in absolute terms and is not linked to the annual premium. unlike other insurance companies. under which a policyholder can take away the fund value at maturity in five instalments. while the rest three are recently launched and are . The policy administration charge is fixed at Rs 600 per annum for a single premium policyholder and Rs 720 pa for the rest. this flexibility is only allowed three times in the entire policy tenure.
PORTFOLIO REVIEW SBI Life Insurance primarily has a large-cap defined equity portfolio with just about 4-5% mid-cap stock holding. the policyholder gets the amount accumulated in the fund. DEATH / MATURITY BENEFIT On maturity. have also not put up an encouraging show. Similar to most other funds. In the case of demise. While most of the old funds have outperformed the benchmark with good margins. according to the fund manager . SBI Life has a higher exposure to the financial services and oil and gas sectors. The healthcare sector. forms a small part of the portfolio due to a complex business model. P/E Managed and Index funds. the new funds are yet to show their sheen. a more defensive one.For instance. subject to a minimum of 105% of the basic total premium paid towards the policy over the period. the nominee of the policyholder receives higher of the sum assured or the fund value or both. The portfolios have very significant exposure in metal stocks. Top holdings of the portfolio include Infosys. say a 35- . which are equity-oriented funds.just about a year old. Reliance Industries .Equity Elite fund is nowhere close to the regular equity fund of SBI Life which is the best performing fund in the category with more than 23% annualised returns. ICICI Bank and L&T. which are currently underperforming.
640 respectively. Assuming that the sum assured is 20 times the annual premium. Kotak Life Insurance .524 and Rs 67. the fund value shall be Rs 36.00.000 per annum in the equity fund for 10 years. the total sum assured receivable. in case of any eventuality. would be Rs 40 lakh. assuming the rate of return of 6% and 10%. By the end of 20 years.65.76.year healthy male invests Rs 2.
Child. The fund collection can be modified t suit the risk profile. NAV. The policy holder can enjoy a boost up in the fund balance by Guaranteed Loyalty Units for long term savings. The advantages of Kotak Long Life Wealth Plus of Kotak Life Insurance are as follows • • • This policy gives the chance of high returns on long term investments. • The policy holder also gets the ability of availability of cash of need through partial withdrawals.This premier Insurance Company in India offers insurance facilities related to Savings. This insurance plan is a unit linked plan which is specially planned to assure a future free of the worries and the tensions. Kotak Long Life Health Plus etc. The Kotak Long Life Wealth plus of Kotak Life Insurance is investment plans that help in structure the future. The key benefits of Kotak Long Life Wealth Plus of Kotak Life Insurance are as follows . This policy also manages the investment development. Kotak Long Life Secure Plus. Protection. Premium Payment Options and many others. Retirement. Investments. It opens up services like Insurance Guide. • The policy holder can also boost the contribution in case of extra amount.
. 1961.Maturity Benefit The policy holder under this policy is allowed to fund value on the maturity. Tax benefits are subject to change in the tax laws. The benefits available are • • • Kotak Permanent Disability Benefit (PDB) Kotak Accidental Death Benefit (ADB) Kotak Critical Illness Benefit (CIB) Tax Benefits Tax benefits are available under Section 80C and Section 10 (10D) of Income Tax Act. if any. Rider Benefits The policy holder can opt for the additional rider benefits which are available at a low cost. Death Benefit If the policy holder dies due to an accident or any unexpected and ill-timed mishap then the receiver would receive Higher of the Sum Assured or the Fund Value in the Main Account along with Fund Value in the Top-up Account. The policy holder may withdraw the amount on the maturity of the policy and can take the balance in periodic installments till five years of maturity.
Head Human Resources Ms. Dhiresh Rustogi .Senior Vice President Marketing Mr.Managing Director Mr. Pankaj Desai .Head of Alternate channel Mr.Sr. Suresh Agarwal .Chief Investment Officer . Gaurang Shah .Appointed Actuary Mr.Management Overview • • • • • • • • • • • • • Mr. Sandip Shrikhande .Chief Technology Officer Mr.Chief Operating Officer Mr. Subhasish Ghosh . G Muralidhar . Elizabeth Venkataraman . Anand Dewan . VP.Head Business Impact Group (BIG) Mr.Head of Tied channel Mr. Shekhar Bhandari . Financial Institutions Group Mr.Director Mr.Head of Group Business Mr. Sudhakar Shanbag . Sugata Dutta . Andrew Cartwright .
7 million.HDFC Standard Life This is one of the major market leaders in the insurance sector in India.Standard Life now owns the maximum shareholding currently permitted under Indian law. Protection Plans. with the acquisition of approximately 7. The current intention is to launch the initial public offering before the end of 2009. Housing Development Finance Corporation Limited. any increase will be made at a fair value to be agreed between HDFC and Standard Life at that time. The company offers Insurance services like the Group Plans. Health Plans. banking needs. . subject to applicable regulations. to 26%. its Indian life insurance joint venture. investment. for approximately GBP25. The customer base of the company is about more than 7 million who depend on the company for pension. If Indian law permits Standard Life to increase its holding above 26%. Standard Life Mauritius Holdings has increased its stake in HDFC Standard Life Insurance Company. Savings and Investment Plans etc. subject to applicable laws and regulations. Standard Life and HDFC are planning to continue the growth of HDFC SL and an IPO of the business.15% of HDFC SL from its joint venture partner. Retirement Plans.
HDFC Bank brings HDFC home loans to your doorstep. Most experienced and empowered personnel to ensure smooth & easy processing. help you realize your dream. HDFC Home Loans. The HDFC Advantage Pioneers of Housing Finance in India with over 33 years of lending experience. Widest range of Home Loan Products. Over 3 decades of exclusive experience. a dedicated team of experts and a complete package to meet all your housing finance needs. Home Loans Features & Benefits Home Loan – . Counseling and advisory services for acquiring a property. Loan from any office for purchase of home anywhere in India Loan approval even before a property is selected Flexible loan repayment options Free & safe document storage.
Waterproofing and Roofing. Home Improvement Loan – The interiors of any home reflect the personal preferences and tastes of its owners making it imperative to constantly upgrade to keep up with changing times. Plumbing and Electrical Works. HDFC finances up to 85% of the cost of improvement. This is however subject to 80% of market value as assessed by HDFC. Grills. It is easy to extend your home anyway you like. HIL facilitates internal and external repairs and other structural improvements like Painting. Application can be made individually or jointly. a reading room for yourself or a cozy coffee corner. HDFC finances up to 85% of the cost of extension. Aluminum Windows compound walls and much more. HDFC finances up to 80% of the cost of the property (including the cost of the land) based on the repayment capacity of the customer. This is however subject to 80% of market value as assessed by HDFC.Home loans for individuals to purchase (fresh / resale) or construct houses. Home Extension Loan – HEL for adding more space to your existing home for meeting the requirements of your growing family be it an extra bedroom for your children. . Tiling and Flooring.
LCTAP provides a lump-sum payment on the unfortunate demise of the life assured. signing and tracking post-dated cheques. HDFC Land Purchase Loan is a convenient loan facility to purchase land. Loan cover Term Assurance Plan – HDFC Standard Life Insurance Company Ltd. HDFC finances up to 80% of the cost /value of the land (Conditions Apply). which is designed to ensure that life's uncertainties do not affect your family's interests and your precious home. . saving you the trouble of procuring. *Insurance is the subject matter of solicitation. Automated Repayment of Home loan EMI – You can give us standing instructions to repay your Home Loan EMIs directly from your HDFC Bank Savings Account. offers an insurance plan*.This pure risk plan is designed in a way that the cover decreases as you repay your home loan making it a low cost premium insurance plan. thus. or just an investment for the future.Land Purchase Loan – Be it land for a dream house.HDFC also offers Inhouse scrutiny of Property documents for your complete peace of mind. Repayment of the loan can be done over a maximum period of 15 years.
Two-wheeler Loans and Loan against securities) at lower interest rates.Customer privileges – If you are an existing HDFC Home Loan customer. you can avail of other loans (such as Personal Loans. Car Loans. .
3. . To understand the importance of investment adviser in Insurance Company. How the Investment Adviser Influence the Consumer in Insurance Investment. 1.Objective of the Study There is Some Objective of the Research Report they are given bellow. To Measure the effectiveness of Investment Adviser in Insurance Company. 2.
Research Methodology Research Research is a purposeful investigation. a Magazine newspapers status of previous research report etc.) By primary data we mean data collected by researches himself for the first time to collaborate the data which has previously not been used is known as primary data By secondary data we mean the data collected from various published matters. It is a scientific & systematic search for knowledge & intimation on a specific topic research is use full & research objective can be achieved if it is done in proposes process. Methodology The world methodology spell the meaning itself if the method used by the researches in obtaining information. The data ( information can be collected from primary sources & secondary sources. In other words we can say that the data which has already been used your different purpose by different people is known as secondary Primary data can be collected through questionnaire and personal interview as for as concern my research is limited to dealers personality Secondary data are collected from the various .
The scope of Research Methodology is wider than that of research methods. Why a research has been defined. It may be understood as a science of studying how research is don’t scientifically. as the specification of methods and procedures for acquiring the Information needed.books journals new spapereditional expert suggestions web sites & internet & etc . In it we study various steps that are generally adopted by researchers in studying their research problem. It is necessary for researchers to know not only know research method techniques but also technology. It is a plant or organizing framework for doing the study and collecting the data. At times. Research is scientific & systematic search for pertinent information on a specific topic. Research Methodology is a scientific way to solve research problem. what data has been collected and what a particular methods have been adopted and a host of similar other questions are usually answered when we talk of research methodology concerning a research problem or study.The research problem consists of series of closely related activities. The project is a study where focus is on the following points: RESEARCH DESIGN A research design is defined.Research is a common language refers to a search of knowledge. . infect research is an art of scientific investigation. the first step determines the native of the last step to be undertaken.
DESCRIPTIVE STUDIES Descriptive research in contrast to exploratory research is marked by the prior formulation of specific research Questions. The investigator already knows a substantial amount about the research problem. Descriptive research is also characterized by a Preplanned and structured design. Research design is mainly of following types: 1. Descriptive studies 3. Experimental EXPLORATORY RESEARCH The major purposes of exploratory studies are the identification of problems. 2. the more precise Formulation of problems and the formulations of new alternative courses of action. . before the project is initiated. Research instruments. Perhaps as a Result of an exploratory study. research approaches. sampling plan and contact methods. The design of exploratory studies is characterized by a great amount of flexibility and ad-hoc veracity.Designing a research plan requires decisions all the data sources. Exploratory research.
Consumer panel design Exposit facto design DATA COLLECTION METHOD PRIMARY SECONDARY Direct personal Interview Indirect personal Interview Information from correspondents Mailed questionnaire Question filled by enumerators. VII. There are following types of casual designs: I. V. II. Published Sources Govt. six studies design After only with control group design. The hypothesis is tested and the experiment is done.EXPERIMENTAL DESIGN: . III. IV.A casual design investigates the cause and effect relationships between two or more variables. B) After only design Before after design Before after with control group design Four groups. VI. publication Unpublished Sources Report Committees & Commissions Private Publication Research Institute .
Period of Study: This study has been carried out for a maximum period of 4 weeks. Data Collected by Industry Associations: 5. totaled but they have not extensively been statistically processed. SECONDARY DATA Sources of Secondary Data Following are the main sources of secondary data: 1. Official Publications. . and imagination for which there can be no mechanical substitutes. organizations. Unpublished Data: Data may be obtained from several companies. 2. sophistication. The data is recorded as observed or encountered. Publications Relating to Trade: 3. Journal/ Newspapers etc. experience. They may be combined. It is a process requiring care. data obtained by the peoples. business judgment. Essentially they are raw materials.: 4. For example. working in the same areas like magazines.PRIMARY DATA These data are collected first time as original data. Area of study: The study is exclusively done in the area of marketing.
Sampling Design: The convenience sampling is done because any probability sampling procedure would require detailed information about the universe. Probability sampling may be taken inform of: Simple Random Sampling A simple random sample gives each member of the population an equal chance of being chosen. or by the more . Sample Procedure: In this study “judgmental sampling procedure is used. it being an exploratory research. Sampling Size: The sampling size of the study is 100 users.Random numbers can be obtained using your calculator. Here. Area sampling is used in combination with convenience sampling so as to collect the data from different regions of the city and to increase reliability. It is not a haphazard sample as some people think! One way of achieving a simple random sample is to number each element in the sampling frame and then use random numbers to select the required sample. Method of the Sampling: Probability Sampling It is also known as random sampling. which is not easily available further. every item of the universe has an equal chance or probability of being chosen for sample. a spreadsheet. printed tables of random numbers. Judgmental sampling is preferred because of some limitation and the complexity of the random sampling.
This factor was chosen because it seems reasonable to suppose that it will be related to people's attitudes Cluster and area Sampling Cluster sampling is a sampling technique used when "natural" groupings are evident in a statistical population. and thereafter at regular intervals. Then the required information is collected from the elements within each selected group. This may be done for every element in these groups or a sub sample of elements may be selected within each of these groups.traditional methods of drawing slips of paper from a hat. It is often used in marketing research. In this technique. tossing coins or rolling dice. . Stratified Random Sampling With stratified random sampling. a starting point is chosen at random. chosen to be related to the major variables being studied. the variable of interest is the citizen's attitude to the redevelopment scheme. For this survey. Systematic Random Sampling This is random sampling with a system! From the sampling frame. the population is first divided into a number of parts or 'strata' according to some characteristic. the total population is divided into these groups (or clusters) and a sample of the groups is selected. and the stratification factor will be the values of the respondents' homes.
who has been given quotas to fill from specified sub-groups of the population. every item in the universe does not have an equal. chance of being included in a sample. The total sample size is 100 profiles.Data is collected from various customers through personal interaction. Data Collection : . Convenience sampling does not represent the entire population so it is considered bias. Quota Sampling In quota sampling the selection of the sample is made by the interviewer. Data is collected with more interaction and formal discussion with different respondents and we collect data about investment pattern of people by face to . Judgment Sampling The sampling technique used here in probability > Random Sampling.Non Probability Sampling It is also known as deliberate or purposive or judge mental sampling. Specific questionnaire is prepared for collecting data. It is of following type: Convenience Sampling A convenience sample chooses the individuals that are easiest to reach or sampling that is done easy. In this type of sampling. I have selected Probability sampling method for this research study.
face contact with the persons from whom the information is to be obtained (known as informants). . The interviewer asks them questions pertaining to the survey and collects the desired information.
. He selected and asked questions to home & left others.Limitation Survey Area:• The survey area is limited to only INDIA . which was suited to the researcher is survey. the finding cannot be generalized. Whenever he found the related individual. purposive. Hence. random. The person who was suitable for his research. probability. These three designs were suitable for the survey and without them the researcher cannot reach to any condition. • Judge metal means. Area. convenience and judgmental. the researcher choose only convenience. who me get have to give preference. he asks some questions to them and field up this questionnaire. the researcher know that. • Along these. purposive and judgmental sampling. Sampling Design:• There are different type of Sampling like. • The data are collected on the convenience basis.
For the sake of limited time and escape from the expenses the researcher selected this quantity of data. It may be exceeded.Data Collection:Two methods were adopted interview and telephonic interview through” questionnaire” It was suitable for survey because. . The second reason for this limited quantity was that the time was too short. If the interview asked questions orally then he will come it trouble at the time of sorting and analysis of collected data questionnaire method is just for easiness of survey. Quantity of data:The researcher collected 500 data. But it will create problem in future.
1. . Do you know investment advisor? (a) Yes [95%] (b) No [5%] 100 90 80 70 60 50 40 30 20 10 0 yes no Series1 Interpretation: Under 100 population 95% people knows that the investment advisor & 5% of the population.
2.Investment advisors are beneficier for the company? (a) Yes [90%] (b) No [10%] 100 90 80 70 60 50 40 30 20 10 0 Yes No Series1 Interpretation:- .
3-What are the rolls of an agent on investment? (a)Positive [85%] (b) Negative [5%] (c) Can’t say [10%] .In this question I found that 90% of the population says that investment advisor are beneficiary for the company and 10% of the population does not agree.
5% population has negative role of an agent on investment & 10% population has no idea.90 80 70 60 50 40 30 20 10 0 Positive Negative Can’t say Series1 Interpretation:There are 85% of the population has positive. 4-Are you satisfied with your agent’s information regarding investment? (a) Yes [60%] (b) No [10%] (c) Sometimes [30%] .
70 60 50 40 Series1 30 20 10 0 yes no sometime Interpretation:There are 60% of the population has agreed & 10% of the population has disagree & 30% population says sometimes satisfied the agent information regarding investment.Which company imposed your investment? (a) LIC [50%] (b) Bajaj Allianz [30%] (c) Birla Sun Life . 5.
6-Does your agent give the information relating to the Switch on time to the investors? . 30% population Bajaj Allianz.Insurance [10%] (d) Other [10%] 60 50 40 30 20 10 0 Lic Bajaj Alliange Birla Sun Life Insurance Other Series1 Interpretation:There are 50% of the population imposed LIC. 10% population Birla Sun life & 10% population imposed other investment.
(a) Yes [50%] (b) No [5%] (c) Sometimes [45%] 60 50 40 30 20 10 0 Yes No sometime Series1 Interpretation:- .
There are 50% of the population says YES. 7-Does your agent provide the right information at the right time to the right time to the document. 5% of the population says NO & 35% population says sometimes says his/her agent give the information relating to the Switch on time to the investors. premium & new scheme etc? (a) Yes [60%] (b) No [5%] (c) Sometimes [25%] (d) can’t say [20%] 70 60 50 40 Series1 30 20 10 0 Yes No Sometime Can't say .
premium & new scheme etc. 8-Does agent maintains a regular contact with the policy holder & tries to general more prospects? (a) Yes [70%] (b) No [5%] (c) Sometimes [25%] . 5% population says NO & 20% population says sometimes his/her agent provide the right information at the right time to the document.Interpretation:- 60% of the population says YES.
9-Does your agent try to see that the installment of the premiums is paid timely to the insurance within the grace period? (a) Yes [75%] (b) No [5%] (c) Sometimes [20%] . 5% population says NO & 25% population says sometimes agent maintain of regular contact with the policy holder.80 70 60 50 40 30 20 10 0 Yes No Sometime Series1 Interpretation:There are 70% population says YES.
80 70 60 50 40 30 20 10 0 Yes No Sometime Series1 Interpretation:There are 75% population says YES. 5% population says NO & 20% population says sometimes agent try to see that the installment of the premium are paid timely to the insurance within the grace period. 10-Does an agent help the policy holder to fill the claim when a claim is due & expedite the payment to the party? (a) Yes [60%] (b) No [5%] (c) Sometimes [35%] .
70 60 50 40 Series1 30 20 10 0 Yes No Sometime Interpretation:- There are 60% of the population says YES. . 5% population says NO & 35% population says sometimes & agent help the policy holder to fill the claim when a claim is due & expedite the payment to the party.
“A Study On Roll of market intermediaries in Insurance Industry. 10% population Birla Sun life & 10% population imposed other investment. 5% population has negative role of an agent on investment & 10% population has no idea. . I found that 90% of the population says that investment advisor are beneficiary for the company and 10% of the population does not agree. Under 100 population 95% people knows that the investment advisor & 5% of the population. 3. There are 50% of the population imposed LIC. 2.Finding & Conclusion In my topic. 5. 4. I found that.” I collect lots of information about market intermediaries in Insurance Industry. 1. 30% population Bajaj Allianz. There are 60% of the population has agreed & 10% of the population has disagree & 30% population says sometimes satisfied the agent information regarding investment. There are 85% of the population has positive.
5% of the population says NO & 35% population says sometimes says his/her agent give the information relating to the Switch on time to the investors.6. There are 50% of the population says YES. 7. 5% population says NO & 20% population says sometimes his/her agent provide the right information at the right time to the document. premium & new scheme etc. I collected lots of datas into 100 respondents. . In concluding lines. 60% of the population says YES.
Conclusion In this study I am find to many knowledge with regarding our topic “Study on the role of market intermediaries in Insurance Industry. . Many people have a different knowledge regarding the role of market intermediaries because different company provides different facilities on different rules regarding the investment. So we can very easily understood the role of invest advisor in the life of investors. I guess about the role of market intermediaries in insurance Industry is very important & I am also see the many people know the market intermediaries very well. we need the investment in future aspects & uncertainties. So I can say an market intermediaries. market intermediaries helps in providing the correct information regarding the prevailing market conditions & also an market intermediaries provide good information regarding to the insurance policy.” When we survey. An market intermediaries performs all the functions for safe investment as well as to gain full return thus regarding mental stress. I am finding the conclusion about the role of market intermediaries in insurance company is useful regarding the investment.
Lastly we can say. . yes agents enhances the investment value because they tell the investor regarding the investment made by him in the company & also I am find the mostly people are invested in the LIC.
I want to suggest every Company agents who imposed the investment they must be gathered information about the investment procedure so that consumers are totally satisfied to his investment.” I asked to every responded to have a suggestion about the improvement of the roles of an agent on investment then by the help of my respondent. the role of agent on investment increasing day by day but in Ghazipur city it is not become so much increase be case of the communication skill no so much properly in Ghazipur city & most important suggestion the agent that they should be the right information relating to the “SWITCH” on time the investment & they should be reached information relating to the new scheme & the document premium etc. I got lots of suggestion relating to my topic. Now a day.Suggestions In my topic “Study on the role of market intermediaries in Insurance Industry. .
BIBLIOGRAPHY INTRODUCTION INTERNET www.com www.com C.google.R.insurance.search. KOTHARI PHILIP KOTLER RESEARCH METHODOLOGY MARKETING MANAGEMENT MAGAZINES JOURNALS .com www.
This action might not be possible to undo. Are you sure you want to continue?
We've moved you to where you read on your other device.
Get the full title to continue listening from where you left off, or restart the preview.