1 2 3 4 5 6 7 8 ULIP Particulars Introduction Research Methodology Data Collection Scope Research Design ULIP vs.Sr. Mutual Fund Conclusion . No.


Tata AIG Life provides insurance solutions to individuals and corporate. 2001. Tata AIG Life combines the Tata Group·s pre-eminent leadership position in India and AIG·s global presence as the world·s leading international insurance and financial services organization. (AIG). Tata AIG Life Insurance Company was licensed to operate in India on February 12. formed by the Tata Group and American International Group.Tata AIG Life Insurance Company Limited (Tata AIG life) is a joint venture company. Inc. . 2001 and started operations on April 1. The Tata Group holds 74 per cent stake in the insurance venture with AIG holding the balance 26 percent.

debentures and other securities. The money thus collected is then invested in capital market Instruments such as shares. ADVANTAGES OF MUTUAL FUNDS The advantages of investing in a Mutual Fund are: Professional Management Diversification Low Costs Liquidity Transparency Flexibility Tax benefits .A mutual fund is a trust that pools the savings of a number of investors who shares a Common financial goal. The income earned through these investments and the capital appreciations realized are shared by its unit holders in proportion to the number of units owned by them.

To invest in and build quality human capital in order to achieve mission.protection and retirement solutions that meets the needs of our customers and adds value to their lives.To be the leading provider of wealth management.·· Mission To be transparent in the way Co. deal with customers and to act with integrity. .

At present all Insurance companies have 4-5 Unit link insurance plan. Unit link insurance plan has both the benefit of insurance as well as choice to choose the return on investment. ULIP's have the flexibility of choosing premium amount and the choice of funds in which money to be invested.Unit link insurance Pan (ULIP) is a policy in which premium paid are invested as per the choice of policy holder either in debt or equity product or in combination of both. In case of untimely death of the policy holder his nominee would get either the sum assured or the value of units whichever is higher. Unit link insurance policy which is also known as "ULIP" is one of the most popular insurance plan today because of following benefits: .

So a policy holder who want high returns can opt investment in equity and the person who don't like risks of equity market can opt for debt funds. Tax benefit. It has liquidity. Proceeds from investment in ULIP get tax rebate under section 88 (in India) whereas proceeds from investment € € . As per the terms of policy. money invested in ULIP's can be withdrawn in case of need and urgency of funds. Various choices of funds in which in which money to be invested. It can be single. Since premiums are invested in equity related market or debt market. The amount can be withdrawn in units Choice of returns. regular or variable. Normally ULIP's has 3 years lock-in period.€ € € Flexibility to choose premium amount.

Sub-objective € To compare the perception of the people about ULIP of different insurance companies. LTD.RESEARCH OBJECTIVES Main objective: To find out the preference of people towards ULIP or Mutual fund. To know about the customer awareness about of TATA AIG LIFE INSURANCE CO. € .

QUESTIONNAIRE METHOD: In this study questionnaire was sent to the persons concerned with a request to answer the questions and return the questionnaire. . A questionnaire consisted of a number of questions typed in a definite order on a set of forms. These helped in gaining knowledge about the industry. guidance of the supervisor & data is collected through questionnaire. SECONDARY DATA: In this study secondary sources of data were the various websites and insurance manuals. In this study data is collected through observation. PRIMARY DATA: The primary data are those which are collected afresh and for the first time. The respondents had to answer the question on their own. and thus happen to be original in character. This mainly provided information about the insurance sector and the company·s profile.

(15 JUNE to 27 JULY 2009) .SAMPLING: It is the process of obtaining information about an entire population by examining only a part of it. SAMPLING UNIT ² INDIVIDUALS SAMPLE SIZE ² 150 UNITS SAMPLING TECHNIQUE ²RANDOM CONVENIENCE Survey period was six weeks.

the study related to the comparative analysis of ULIP with mutual fund. ƒ Survey of PANIPAT is included.This project includes following areas: In this project. ƒ Survey of 150 individuals is also included ƒ .

. In this study like. etc are used for such studies. or of a group. examination of records. observation.DESCRIPTIVE RESEARCH DESIGN: Descriptive research studies are those studies which are concerned with describing the characteristics of a particular individual. questionnaires.

MFs don't provide you with insurance cover. Need to consider while deciding which option we want to take. people tend to confuse themselves most of the time. Mutual Fund are pure investments. . Though it is very easy to decide. ULIP are combination of Insurance and Investment. Now let us compare ULIP and MF based on certain well known facts: 1) Insurance ULIPs provide you with insurance cover. But how do we decide which one should we go for.€ € € Unit Links Insurance Plan (ULIP) and Mutual Fund (MF) are the two most preferred options for a part time investor to invest into equity.

this can vary between 1.e.5% to 40% of the first years premium. .5% which can also be waved off if you apply directly (i. Again MFs have advantage over ULIPs. That what ever money you put in.Here MFs have a huge advantage. Other MFs don't have a lock-in period. If we consider a conservative market return of about 10-15% you may get a zero percent return in the first year. For different schemes. MFs have a small entry load of a maximum of 2. not through a agent). Tax saving MF ( Popularly called as Equity Linked Saving Scheme or ELSS) come with a lock-in period of 3 years. most of it will be locked-in till the maturity. 3) Maturity € ULIPs generally come with a maturity of 5 to 20 years. ULIPs do allow you to take money out prematurely but they also put penalties on you for doing that.2) Entry Load € ULIPs generally come with a huge entry load.

4) Compulsion of Investing ULIPs would generally make you pay at least first three premiums. 5) Tax Saving Both the MF and ULIP come under 80C and can save you tax. MFs don't have any compulsion on future investments. Returns in the both form of investments are tax free. .

€ € € TATA AIG is one of the world·s largest life insurance companies. The medium of advertising used could be internet since most of its competitors use this tool to promote their products. To sustain itself it must promote its products through advertising and improve its selling techniques. It came to India in the year 2001. Consumers must be aware of the new plans available at TATA AIG. It has businesses spread out across the globe. The company must be promoted as an Indian company since consumers seem to have more trust in investing in Indian firms. . It currently ranks Top amongst the insurers in India (Source: annual premium provided by the company) The company faces a large amount of competition.

People should not be afraid to invest money in insurance and must use it as an effective tool for tax planning and long term savings. Individuals below the age of 30 (mostly male) were interested in investment plans. The general perception of life insurance has to change in India before progress is made in this field. € . This was a general conclusion drawn during prospecting clients. € TATA AIG could tap the rural markets with cheaper products and smaller policy terms. There are individuals who are willing to pay small amounts as premium but the plans do not accept premiums below a certain amount.The unit linked concept must be specifically promoted. It was usually found that a large number of males were insured compared to females.