A PROJECT REPORT AT

A report submitted to

Approved by AICTE,Affiliated to Uttarakhand Technical university Arcadia Grant,P.O.Chandawari,Premnagar,Dehradun248007

Submitted to: MR.Satvinder singh MBA-3 rd

Submitted by: Rajeena rawat

STUDENT, S DECLARA TION

I here by declare that the project conducted at

PNB METLIFE Under the guidance of ASHISH REKHI

Submitted in the partial fulfillment of the requirements for the award of the degree of

MBA
Is my original work and the same has been

submitted for the award of any other Degree/Diplom a/fellowship or other similar titles or prizes.

Place: Dehradun RAJEENA RAWAT Date:19/7/20 13

ACKNOW LEDGEME NT
A large number of people have contributed in creating this project

I am thankful to all of them for their help and encouragemen t. I would like to thank my project guide MR ASHISH REKHI (SALE MANAGER) for guiding me through my summer internship and research project. His encouragemen t, time and efforts are always appreciated. I would like to thank MR RAHUL SIR, ARYA SIR( placemen t cell) and ASHISH REKHI for supporting me during the project and

providing me opportunity to learn outside the class room. It was a truly learning experience. I would like to dedicate this project to my parents without their help and constant support this would not have been possible. At the very outset, I would like to take golden opportunity of thinking those persons without whose guidance, cooperation, inspiration and suggestion it would have been impossible for me to accomplish the

project successfully. Lastly I would like to thank all the respondents who offered their opinion and Suggestions through the survey that was conducted by me in dehradun.

PREFACE
As a part of the course curriculum, 3rd sem of MBA , student are required to undergo summer training and have to prepare report on the basis of knowledge and experience gathered in the training. The objective behind preparing this project report is to relate the

management subject taught in the classroom to their practical application.

As a part of our curriculum, i decided to make project report on ....................... ........The objectives behind this analysis are to make the student aware about the parameters which PNB METLIFE. Is using to judge the viability of the project with an objectives to provide suitable candidate To the corporate.

I got a Chance to know about PNB METLIFE within 45 days of summer training. Report making is remarkable feature of MBA. Syllabus that shows as the real

world along with the world as depicted in the books.

Serial no. 1. 2. Executive summary Introduction Company profile Industry profile

Chapter -1 What is the

3.

METLIFE AND PUNJAB NATIONAL BANK TO ENTER INTO STRATEGIC PARTNERSHIP; PNP TO ACQUIRE INTEREST IN METLIFE INDIA July 21, 2011 MetLife, Inc. (NYSE: MET) announced today that its affiliate, MetLife India Insurance Company Ltd (MetLife India), has agreed to enter into a 10-year distribution arrangement with Punjab National Bank (PNB) and that PNB will acquire a 30 percent interest in MetLife India. PNB, the second largest bank in India, will distribute MetLife Indias products on an exclusive basis through its branch network. The transaction, which is subject to regulatory approval, is expected to close before the end of 2011. Following the closing of the transaction, MetLife India will change its

name to PNB MetLife India Insurance Company Ltd to utilize the strengths of both brands in the Indian market. For MetLife, the deal broadens the companys distribution capability in a strategic focus market, giving the company access to 60 million customers through more than 5,000 PNB branches. This will provide MetLife with the opportunity to increase its market position and to be in the top tier of insurance companies in India. "Given its global significance, India is a strategic focus market for MetLife. We believe that the addition of an outstanding financial institution like PNB as a shareholder and partner will greatly enhance our ability to move into the top tier of life companies in India, said William J. Toppeta, president, MetLifes International business.

We value PNB and our current MetLife India shareholders for their integrity, market knowledge, distribution power and financial strength. We look forward to a long and productive partnership for the mutual benefit of Indian consumers and our respective shareholders."

LIST OF CONTENTS: Chapter No. Title Page No. Acknowledgement List of table and figures List of contents List of symbols, abbreviations

EXECUTIVE SUMMARY PARTICULAR PAGE NUMBER : AINTERNAL GUIDE CERTIFICATE BCOMPANY CERTIFICATE.CEXCUTIVE SUMMARY . LIST OF CONTENTS: Introduction of industry.

Objectives of the study. Company details. Mission and vision of the company. Company recognition. Working Of Stock Exchange & Depositary Services. Research methodology. Recommendation. Limitation of the study. Conclusion. Literature review. Declaration.

LIST OF TABLE & FIGURES: SERIAL PARTICULAR PAGE NUMBER NUMBER Working of stock exchange and depositary. Stock exchange. Money market and capital market. History of stock exchange. Sebi act. Management of stock exchange. Stock brokers. Basic requirement for stock brokers. Kinds of stock brokers. Overview. Trading method. Type of trading. Procedure of trading. EVA (Economic

value add). INTRODUCTION OF INDUSTRY Punjab National bank with its huge network constituting of 5, 290 branches along with a customer base of over 60 million credits to be the largest nationalized bank. While commenting on a recent deal where PNB has agreed to pick up a 30% stake in MetLife India, the Chairman of Punjab national bank, K R Kamath, notified to reveal the commercial terms of the deal after receiving the regulatory approval and said that the agreement includes out-entry as a shareholder and also a deal where the bank will distribute products for the life insurance company. The deal will make the PNB single largest shareholder in the private insurance company and after finalizing the deal, it would be named as PNB MetLife India. The MetLife India acquires a hold on a paid-up capital of Rs 1,997 crore and it will issue fresh shares to PNB, making its capital to Rs 2,596 crore. Given its global

significance, India is a strategic focus market for MetLife. We believe that the addition of an outstanding financial institution like PNB as a shareholder and partner will greatly enhance MetLife India's ability to move into the top tier of life companies here.

OBJECTIVES OF THE STUDY

The object of this training was to develop information search skills into students. This enables them to gather information on a given subject in a systematic and consciously planned manner. The Indian financial and capital market have shown unprecedented stability and growth during the last decade. Now the Indian financial system has reached the maturity level as attained by the developed countries under the constant vigilance of regulators (SEBI, RBI, IRDA). The developed economies have reposed confidence on Indian system of corporate workings. The increases in competition from MULTI-NATIONAL

COMPANIES have caused the Indian industry to upgrade the managerial skill and technology. A major concern of every manager should be to contribute positively towards the achievement of the organization objective. Organizational effectiveness if often equated with the managerial efficiency. As a manager you can ensure organizational effectiveness only by guaranteeing the full utilization of human resources available, through the individual employees under full guidance. Hence the need for monitoring and measuring the performance of employees is inevitable. The study was carried out during the months of June-july,2013. The objective was to study the concept of stock exchange and depositary in detail in PNB METLIFE. and make suggestions about the study. To study how PNB METLIFE can improve its operating cycle. To study the current discrepancies in their

current stock exchange and depositary services and ways to overcome them. To study the method which PNB METLIFE is using to ascertain its working capital requirement. To learn about the sources from which PNB METLIFE is procuring funds to fulfill its working capital requirements. To study where the procured funds have been used by PNB METLIFE. To study whether the company is running effectively with as little money tied up in current accounts as possible. To analyze whether the method being used for ascertainment of working capital requirement is efficient or not. To have an appreciation of the financial environment within which business operates.

COMPANY: Punjab National Bank to acquire up to 33% in

MetLife India MUMBAI: Punjab National Bank is close to buying as much as 33% stake in MetLife India that will boost fee income for the staterun bank and provide the US insurer with the secondbest financial distribution platform in the country. "PNB is in talks to pick up to 33% stake in MetLife," said a person familiar with the negotiations. "The deal may be finalised in the next few days," he added. Four more people familiar with the negotiations said the discussions on valuations are continuing. There is no certainty that the transaction will take place. The discussions between PNB and MetLife also involve Jammu & Kashmir Bank, which owns 13% of the insurer. The staterun lender may buy out other shareholders such as J&K Bank and Shapoorji Pallonji & Co. There's no decision on that yet, the people said. MetLife Insurance managing director Rajesh Relan said the company would not comment on speculation. "We are one of the three short-listed companies by PNB as per their process and the discussions with the

management are yet to begin," said Mr Relan.

MISSION & VISION OF THE COMPANY: Personal responsibility: "Coming into your own", performing as a Leader to be really effective and successful by acting and making decisions independently to get results People count: It's all about People, PNB MetLife's key resource. PNB MetLife will succeed because we are winning from within. Partnership: Functioning productively in teams towards a common purpose; realising the collective power of diverse work-groups. Integrity and honesty: Conducting all business endeavours with truth, sincerity and fairness. Innovation: Continuously creating and introducing new and original ideas and ways of doing things.

ALL PLANS DETAIL 1-Retirment 2-Monthly income. 3- Money back 4- Investment 5-Child 6- Savings 7- Protection 8- Health 9-Rural 1.Retirement Retirement means new beginnings, new joys and the possibility to realize the unfulfilled dreams of your youth. However, its also a time of anxiety, a time when financial independence is of upmost importance. PNB MetLifes comprehensive retirement plans ensure a financially secure retirement and guarantee your peace of mind. So that you can make your dreams a reality, anytime, anywhere. Met deferred monthly income plan You work hard today for a better future tomorrow. When it comes to spending your retirement years, you think of pursuing a hobby, travelling the world or enjoying your time with your grandchildren. Today,

you get regular pay cheques to pursue yours and your familys dreams. For these pay cheques to continue during your non working years you need to plan today. Met Deferred Monthly Income Plan from PNB MetLife guarantees* a monthly income for you & your family during your non working years. You choose the monthly income that you want and we guarantee it. This Plan also provides for bonus payout every year till the end of the Policy term* (or on death) thus ensuring you peace of mind. Subject to all due premiums paid as per the premium payment chosen by you in met deferred monthly income plan.

2. Monthly income PNB MetLife offers 'Met Monthly Income Plan' a participating plan which guarantees you a monthly regular income for you and your family when you are there and even if you are not there for 15 years or till end of the policy term. Moreover you choose

the monthly income that you want and we guarantee you that amount. ITS Product benefit
In the unfortunate event of your death your nominee/beneficiary will receive:1. During the Premium Payment Term - 25% of the Base Sum Assured plus all accrued simple reversionary bonuses is payable immediately. The monthly regular income also starts from the first monthly anniversary falling after the date of death and continues to be paid to the nominee/beneficiary for the next 15 years. At the end of 15 years from the date of first monthly regular income payment, the policy ceases with payment of "Terminal Bonus", if any.

2. After the Premium Payment Term - 25% of the Base Sum Assured plus all accrued simple reversionary bonuses is payable immediately. The monthly regular income to the nominee/beneficiary continues for the remaining term till maturity. At the maturity date as chosen at inception, the policy ceases with payment of "Terminal Bonus", if any.

NOTE: In case of death of the beneficiary/nominee during these guaranteed monthly regula r income payments period, the same will be made to the legal heir.

Survival Benefits You get a monthly regular income that you have chosen at the inception of the policy for 15 years after the end of the Premium Payment Term. The monthly regular income commences from the monthly anniversary date that immediately succeeds the completion of the Premium Payment Term. Maturity Benefit On attaining the maturity age you will receive the accrued Simple Reversionary Bonuses along with the Terminal Bonus, if any. A word about bonuses Simple Reversionary

Bonus The policy will participate for Simple Reversionary Bonuses on completion of three years and the declared bonus will be credited on each policy anniversary occurring immediately after the date of declaration of bonus provided all the due premiums have been paid. Simple Reversionary Bonus is declared by the Company starting from year 3 onwards based on the Company's experience and this is not guaranteed. Simple Reversionary Bonus is payable on death of the life insured or on maturity whichever is earlier. The Simple Reversionary Bonus will not accrue once the death claim is settled and for the lapsed policies.

Terminal Bonus The Company may also declare a Terminal Bonus as a percentage of the accrued Simple Reversionary Bonus. The Terminal Bonus is payable only after payment of last monthly regular income payment

and the same is not guaranteed. REASONS TO BUY 1. Guaranteed monthly regular income that you choose at inception payable for 15 years i.e. 180 months. 2. In case of unfortunate death during the term of the policy, your family will immediately get an amount equal to 25% of the Base Sum Assured (45 times monthly regular income). 3. Guaranteed payment of monthly regular income even after the death of the Person Insured - If the monthly regular income has already commenced, the balance monthly income installments will be paid to the nominee as and when they are due. If the monthly regular income has not commenced, the same will be commenced starting from the first monthly

anniversary following the date of death and shall be paid for the next 15 years to the nominee. 4. Payment of an additional Sum Assured in case of accidental dealth if Accidental Death Benefit Rider has been opted by you at inception. 5. Tax benefits* on both the amount invested and the benefits received under Section 80 C and Section 10 10D.

3. Money back It is the small happy moments spent with family and loved ones that stay with us for a life time. And it is these small moments that add up to make our lifes journey happy and fulfilling. These precious moments become more memorable when you are financially equipped to enjoy them. Our money back plan with its feature of money back at regular intervals works to make your moments even

more memorable. This plan gives you a double benefit of guaranteed money back at regular intervals along with protection in case of an unforeseen eventuality.

ITS Product benefit Survival Benefits: You will receive 10% of the chosen Base Sum assured as survival benefits on the completion of 5th Policy Year up to 9th Policy Year. Maturity benefit: In case of your survival till maturity, you will get 60% of Sum Assured at the end of the Policy Term. Benefits at a glance AT THE END OF BENIFITS 5TH YEAR 10% of sum assured 6 TH YEAR 10% of sum assured 7TH YEAR 10% of sum assured 8TH YEAR 10% of sum assured 9TH YEAR 10% of sum assured 10TH YEAR 60% of sum assured

Death benefit: In case of unfortunate demise of the life insured, 100% of the Sum Assured is paid out as death benefit to the nominees, irrespective of the survival benefits already paid. REASON TO BUY PLAN. 1. Regular survival benefits of 10% of Sum Assured payable on the completion of 5th Policy year up to 9th Policy year. 2. Total benefits of 110% of Sum Assured payable during the policy term 3. In case of unfortunate demise of life insured, 100% of Sum Assured will be paid irrespective of the survival benefits already paid. 4. Tax benefits under section 80C and 10(10D).

4. Investment
PNB MetLifes Unit-Linked Insurance Plans ensure systematic enhancement of your wealth. Be it higher returns or the right blend of protection and wealth optimization, they help you ensure the right choice and peace of mind.

TYPES OF INVESTMENT PLANS Met smart platinum 2.Met easy super 3 .Met dhan samridhi 4- Met smart one.

1-Met Smart Platinum

"IN THIS POLICY, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER" You have always wanted the best for yourself in life. Not surprisingly, your wealth creation & protection needs, which keep changing with your Lifestage, also deserve the best. Keeping this in mind, PNB MetLife is proud to present Met Smart Platinum, a UnitLinked Plan which can be customized to match your ever changing financial needs! This whole life plan offers you the flexibility of short premium payment

commitments along with a multitude of other benefits including the unique Auto Rebalancing Portfolio Strategy. ITS PRODUCT BENEFIT Death Benefit In the unfortunate event of death, while the policy is in force & before the maturity date, your nominee will get the following death benefit i) If the death of the Person Insured occurs before the attainment of age 60: The death benefit payable will be higher of - The Base Fund Value (the value of units pertaining to Base Premium Account), or - The Base Sum Assured less all Partial Withdrawals (excluding any withdrawals made from Top-Up Premium Account), made in accordance with the Partial Withdrawal

provisions in the last 24 months preceding the date of death of the Person Insured, or - 105% of the total Regular/Limited Premiums paid ii) If the death of the Person Insured occurs on or after the attainment of age 60: The death benefit payable will be higher of - The Base Fund Value (the value of units pertaining to Base Premium Account) or - Base Sum Assured less all Partial Withdrawals (excluding any withdrawals made from Top-Up Premium Account) made in accordance with the Partial Withdrawal provisions, during the last 24 months immediately preceding the date of death or all Partial Withdrawals made in accordance with the Partial Withdrawal provisions post attainment of age

60, whichever is higher or . - 105% of the total Regular/Limited Premiums paid. In addition to any of i) or ii) above, and provided TopUp Premiums are paid the higher of: - The Top-Up Fund Value (the value of units pertaining to Top-Up Premiums) or - Top-Up Sum Assured (less any Partial Withdrawals from Top-Up Fund Value, as per partial withdrawal provisions before and after age 60, as stated above) - 105% of the total Top-Up Premiums paid (As on the date of receipt of written intimation of Claim with appropriate proof of death at our designated office) shall also be payable.

Maturity Benefit The policy matures

upon attaining age 99 years. The maturity benefit is equal to the Total Fund Value in the Unit Account determined using the Net Asset Value on the maturity date will be payable. REASON TO BUY 1. A unique plan for changing protection and investment needs. 2. Limited pay of 5 years and 10 years with 99 years of coverage. 3. Enhanced protection with riders. 4. A unique auto rebalancing option to help you capitalize on volatie market conditions. 5. *Tax Benefits as applicable.

2-

Met Easy Super

"IN THIS POLICY, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER"

While you plan to secure the happiness and future of your loved ones, give wings to your dreams of wealth creation. Security for your family and your need of wealth creation should work together as you move ahead in life. We understand that at PNB MetLife, and hence we bring you Met Easy Super an Easy Protection, Super wealth creation plan. While you ensure security for your loved ones, we work towards your goals of wealth creation - because you and your family deserve the very best.
ITS PRODUCT BENEFIT.

Death Benefit In the unfortunate event of death, while the policy is in force and before the maturity date, your nominee will get the following death benefit: i) i) If the death of the Person Insured occurs before the attainment of age 60: The death benefit

payable will be higher of - The Fund Value (the value of units pertaining to Regular Premium Account), or, - Sum Assured less all Partial Withdrawals made in accordance with the Partial Withdrawal provisions in the last 24 months preceding the date of death of the Person Insured. - 105% of the Total Regular Premiums paid less all Partial Withdrawals, made in accordance with the Partial Withdrawal provisions in the last 24 months preceding the date of death of the Person Insured. ii) If the death of the Person Insured occurs on or after the attainment of age 60: The death benefit payable will be higher of - The Fund Value (the value of units pertaining to Regular Premium Account), or,

- Sum Assured less all Partial Withdrawals made in accordance with the Partial Withdrawal provisions, during the last 24 months immediately preceding the date of death or all Partial Withdrawals made in accordance with the Partial Withdrawal provisions post attainment of age 60, whichever is higher - 105% of the Total Regular Premiums paid less all Partial Withdrawals, made in accordance with the Partial Withdrawal provisions in the last 24 months preceding the date of death of the Person Insured or all Partial Withdrawal provisions post attainment of age 60, whichever is higher. If death happens during the grace period, or in the subsequent notice period, before discontinuance of the policy, in case of non-payment of

premiums under the base policy, the overdue charges, if any, comprising of Mortality Charges will be deducted from the death benefit. Maturity Benefit Maturity Benefit & Settlement Option On maturity of the policy you will receive the Total Fund Value as on the maturity date. If you wish to defer your maturity proceeds, you may choose to do so with the Settlement Option. REASON TO BUY: 1. Affordable investment with annual premium starting from Rs.12,000 p.a. 2. A unique Auto rebalancing option to help you capitalize on volatile market conditions 3. Enhanced protection with ADB rider. 4. Liquidity with Partial Withdrawals & Policy Loans

5. *Tax Benefits as applicable.

3-Met Dhan Samriddhi

Being prosperous, you have cherished the best in life. So your financial planning has to be truly best in class and provide you with the greatest value for your hard earned savings. With this objective in mind, we present, Met Dhan Samriddhi life insurance plan exclusively for preferred customers like you.This plan helps you maximize your wealth through low charges on the premium paid and through the consistent# performance of our funds. ITS Product Benefits: Maturity benefit: Maturity Benefit is equal to the Fund Value. You shall have an option to receive the Maturity Benefit as a lump sum or as structured payments using the Settlement Option

facility. Upon payment of the maturity benefit as lump sum, your Met Dhan Samriddhi plan is terminated. Loyalty Additions: Met Dhan Samriddhi provides Loyalty Additions at maturity of the policy. The loyalty addition is 0.5% of the Average Single Premium Fund Value when the Single Premium is Rs. 10 Lakhs and more. The Average Single Premium Fund Value takreen for Loyalty Additions is the average of the Fund Values for the last thirty six monthly anniversaries preceding the due date of Loyalty Addition. The Loyalty Additions would be paid based on the Single Premium Fund Value only. No loyalty additions are payable if the single premium is below 10 lakhs Death benefit: In the unfortunate

event of death, we pay Death Benefit to your Nominee. Death benefit payable is higher of the following three amounts. (1) The Single Premium Fund Value, or (2) The Sum Assured less Partial Withdrawals* or (3) 105% of the Single Premium paid *Partial Withdrawals will have the following effect on your Sum Assured. Sum Assured payable on death is reduced by an amount which is higher of (i)all partial withdrawals made 24 months prior to death or (ii)all partial withdrawals made post attainment of age 60 REASON TO BUY 1. Low charges on the Premium paid 2. PNB MetLife has delivered consistent returns# on the funds. 3. Access to your money any time

after 5 Policy years 4. Tax benefits as applicable

4-

Met Smart One

"IN THIS POLICY, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER"

You work hard to fulfill your family dreams and wish everythin g that is best for them, whether it is your children's education or your child marriage or buying your dream house. We at PNB MetLife understand that your hard earned money should work equally harder for you. Hence we bring to you Met Smart One , which is investment cum protectio n single premium plan which alo ng with its various investment management options facilitates accele rated wealth creation with Loyalty additions. With this pla n you may also choose NAV Guarantee Fund which offers you attractive guaranteed Net Asset Valu e (NAV).

Death Benefit In the unfortunate event of your demise, while the policy is in force & before the maturity date, your nominee will get the following death benefit i) If the death of the Person Insured occurs before the attainment of age 60: The death benefit payable will be higher of - The Single Premium Fund Value (the value of units pertaining to Base Premium Account), or - The Base Sum Assured less all Partial Withdrawals (excluding any withdrawals made from Top-Up Premium Account), made in accordance with the Partial

Withdrawal provisions in the last 24 months preceding the date of death of the Person Insured, or - 105% of the total Single Premium paid ii) If the death of the Person Insured occurs on or after the attainment of age 60: The death benefit payable will be higher of - The Single Premium Fund Value (the value of units pertaining to Base Premium Account) or - Base Sum Assured less all Partial Withdrawals (excluding any withdrawals made from Top-Up Premium Account) made in accordance with the Partial Withdrawal provisions, during the last 24 months immediately preceding the date of death or all Partial Withdrawals made in accordance with the Partial Withdrawal provisions post

attainment of age 60, whichever is higher or . - 105% of the Single Premium paid. In addition to any of i) or ii) above, and provided TopUp Premiums are paid the higher of the below shall be payable. - The Top-Up Fund Value (the value of units pertaining to Top-Up Premiums) or - Top-Up Sum Assured (less any Partial Withdrawals from Top-Up Fund Value, as per partial withdrawal provisions before and after age 60, as stated above) - 105% of the total Top-Up Premiums paid Maturity Benefit Maturity Benefit & Settlement Option On maturity of the policy you will receive the Total Fund Value as on the maturity date. If you wish to defer your maturity proceeds, you may

choose to do so with the Settlement Option. ITS REASON TO BUY: 1. Pay once and enjoy the policy benefits for the chosen term. 2. for Guarantee returns.
NAV Guarantee Fund

3. Unique Stop Loss Option to protect you from market downswings. 4. A unique auto rebalancing option to help you capitalize on volatile market conditions. 5. Enhanced protection with riders. 6. Tax Benefits as applicable.
*

Disclaimers: - Insurance is the subject matter of the solicitation. - The premium paid in Unit Linked Life Insurance policies are subject to

investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. - PNB MetLife India Insurance Co. Ltd. is only the name of the Insurance Company and Met Smart One is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. - For more details on risk factors , terms and conditions please read sales brochure carefully before concluding a sale. - Tax benefits are as per the provisions of Income Tax Act, 1961, and the same are subject to amendments made thereto from time to time, please consult your tax consultants for more details.

- Open for limited period only. At any point of time, if the remaining term of the policy is less than the term of the tranche plus the subscription period, with respect to NAV Guarantee Fund (NGF - which will be opened for subscription at that time), the policyholder cannot invest in the NGF. The term of the tranche will start after market instruments during the subscription period. You will have an option to invest into the fund of your choice, including the NGF if the tranche is open for subscription only.

5.Child plan We all dream about fulfilling our childs every need. With expenses rising by the day, however, were also worried about how to ensure it. PNB MetLifes child insurance plans help future-proof

your childs tomorrow. They assure you that there will be no surprise roadblocks down the road. So that you can make your childs dreams a reality. 1-

Met Bhavishya

PNB MetLife offers 'Met Bhavishya' - a guaranteed money back plan that pays out funds to help you meet the education and career milestones of your children. With this plan, the Life Insured is that of the parent. The plan also has inbuilt guaranteed additions to add value to the policy over its term. There are two options to choose from and fixed term benefits, periodic additions & terminal additions are payable based on the option that you select. The policy is suitable for parents with children between the ages 0-12 and parents in the age group of 20-50 years old. ITS PRODUCT

BENIFIT. Death Benefit In the event of death of the Person Insured (the parent), the family will receive a lump sum payment of Sum Assured. The fixed term payment and maturity benefits will continue irrespective of the death of the Life Insured and all future premiums on the policy would be waived. Maturity Benefit On maturity of the policy, the plan offers Guaranteed Periodic Additions and Terminal Additions: Guaranteed Periodic Additions of 5% of the Sum Assured for every completed year. 2. Terminal additions of 20% of the total Guaranteed Periodic Additions. REASON TO BUY 1.Guaranteed payouts at critical milestones of the childs life.

2. Guarantee of policy continuance in case of the untimely demise of parent. 3. Guaranteed payouts of 250% of the chosen Sum Assured. 4. Tax Benefits as applicable.

2-Met Smart Child

"IN THIS POLICY, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER" Today, your role in your childs life extends from being a provider to a nurturer, a mentor and a friend. You are a part of your childs dreams and rising aspirations the one responsible to ensure that your child gets what they aspire for. This decision requires you to plan and be prepared for tomorrow. Our specially designed plans take care of the ever changing requirements of your child, be it the rising education cost, financial

planning for his extracurricular developments or marriage. We understand each of your roles and participate with you to realize your childs every dream. PRODUCT BENIFIT. Death Benefit In case of insureds/Policyhold ers sudden demise, to take care of the unexpected emergencies and future planning of your child, your Policy entails following benefits: Higher of Sum Assured or 105% of the Total Regular Premium paid is paid immediately to your beneficiary, subject to acceptance of claim by the company. Future Premiums payments under the Policy will cease. In addition, the PNB MetLife will credit on a regular basis an amount equivalent to one annualized regular premium as a part of Premium Waiver Benefit (PWB) on a monthly basis into

Policyholders Fund. The Policy shall continue to be inforce with deduction of all Policy Charges other than Mortality Charges and without any requirement to pay future premiums, till the date of maturity. To protect your savings from getting eroded by market volatility in your absence, the Fund Values lying in Flexi Cap, Virtue II & Multiplier II Funds, at the time of insureds death will be transferred to Balancer II, which is a moderate risk fund and this will protect your loved ones financial interest along with a potential of upside in the savings. The entire future payments equivalent to annualized regular premiums will be credited to Balancer II Fund on a monthly basis following the date of notification. First such payment will happen on the monthly anniversary (ie the same day of each month as the date of commencement of the Policy)

following the date of notification of death and on a monthly basis thereafter. Maturity Benefit At the end of the Policy term, Fund Value along with Loyalty additions, as applicable, will be paid to you. REASON TO BUY . 1. PNB MetLife takes care of the premiums for the Policy in case of unfortunate demise of the parent. 2. Affordable investment with annual premium starting from Rs.18,000 p.a. 3. Systematic Transfer option to help you get the best of equity markets 4. Liquidity with Partial Withdrawals and unlimited switches to manage your funds 5. *Tax Benefits as applicable.

3-

Met Junior Endowment

PNB MetLife offers 'Met Junior' - a flexible endowment plan that combines savings and security. Your children's wellbeing is your highest priority. So we offer a plan which offers both timely and efficient "Return on Investment". All with a guarantee. PRODUCT BENEFIT. Death Benefit Met Junior-Non Par In the event of death of the Person Insured, the nominee will receive the Sum Assured. If death occurs before age 7, then the death benefit is equal to the return of premiums plus interest on premiums.

Met Junior-Par In the unfortunate event of death of the Person Insured, the nominee will receive the Sum Assured, the Reversionary Bonus and the Terminal Bonus, if any.

If death occurs before age 7, then the death benefit is equal to the return of premiums plus interest on premiums. No bonuses are payable for the first two policy years or until the Insured attains age 7, whichever is later. Maturity Benefit Met Junior - Non Par On attaining maturity, the Person Insured will receive the Sum Assured. Met Junior Par On attaining maturity, the Person Insured will receive the Sum Assured, the Reversionary Bonus and the Terminal Bonus, if any. REASON TO BUY . 1.An endowment plan that offers both savings and life insurance. 2. Different premium paying options to suit various income cycles.

3. Available in both par and non par versions. 4. A plan which participates in the bonuses declared by the company (par). 5. *Tax Benefits as applicable.

4-Met Junior- Money Back

PNB MetLife offers 'Met Junior Money Back' - a money back plan that combines savings and security. Your child's well-being is your highest priority. So we offer you a money back plan which provides guaranteed periodic survival benefits at the end of 5, 10 & 15 years, along with guaranteed growth of your savings. A plan which offers both timely and efficient "return on investment" with payouts at different milestones. ITS PRODUCT BENIFIT. Death Benefit In the event of

death of the Person Insured, the Sum Assured along with the Guaranteed Additions are payable. The policyholder is entitled to Guaranteed Additions of Rs. 100/ per Rs. 1000/Sum Assured for each completed year. If death occurs before age 7, then the Death Benefit is equal to the return of premiums plus interest on premiums.

Maturity Benefit On maturity, the Life Insured will receive the Survival Benefits plus the Guaranteed Addition. REASON TO BUY . 1. Guaranteed Survival Benefit: Payment of 20% of Sum Assured every year starting from 5th year up to maturity. 2. Guaranteed Maturity Benefit: - Guaranteed payment of 40% of Sum Assured. - Guaranteed addition of 10% of Sum Assured every

year up to maturity. 3. Guaranteed Death Benefit: Guaranteed payment of Sum Assured along with guaranteed additions (accrued till that time). This is paid over and above the survival benefit payments made already. 4. *Tax Benefits as applicable under Section 80 C, 10(10D).

6.Savings What is life without a dream? Be it that grand wedding for your children, a house or a car. PNB MetLife savings plans help you realize your dreams and protect you and your loved ones from lifes uncertainties. Keep your savings growing and ensure complete peace of mind. 1-MET SUKH. PNB MetLife offers Met Sukh - a guaranteed MoneyBack Policy which provides guaranteed periodic survival benefits at the end

of 5, 10, 15 & 20 years and guaranteed additions of 10% of the Sum Assured for the entire term. It not only covers your life, but also guarantees you cash payments at various milestones along with guaranteed growth of your savings. PRODUCT BENEFIT Death Benefit In the unfortunate event of death of the Person Insured, the Sum Assured along with the Guaranteed Additions are payable. The policyholder is entitled to Guaranteed Additions of Rs. 100/ per Rs. 1,000 of the Sum Assured for each completed year. Maturity Benefit On maturity, the life insured will receive the Survival Benefits plus the Guaranteed Addition. REASON TO BUY . 1. Guaranteed Survival Benefit: Payment of 20% of the Sum Assured every year starting

from the 5th year till maturity. 2. Guaranteed Maturity Benefit: Guaranteed payment of 40% of Sum Assured. Guaranteed Addition of 10% of Sum Assured every year up to maturity. 3. Guaranteed Death Benefit: Guaranteed payment of Sum Assured along with Guaranteed Additions (accrued till that time). This is paid over and above the survival benefit payments already made. 4. Comprehensive protection by way of 4 riders. 5. *Tax Benefits as applicable.

2-Met Suvidha

Plan Overview Met Suvidha is a Flexible Endowment Plan that combines savings and security. In addition to providing you protection till the

maturity of the plan, it helps you save for your specific long term financial objectives. This long term savings-cumprotection plan comes to you at affordable premiums. PRODUCT BENEFIT Death Benefit Met Suvidha Par In the event of death during the term of the policy, the beneficiary will receive the base Sum Assured, the accrued reversionary bonus and terminal bonus, if any. Met Suvidha - Non Par In the event of death during the term of the policy, the beneficiary will receive the base Sum Assured. Maturity Benefit Met Suvidha Par On maturity of the policy, you will receive the base Sum Assured, the accrued

reversionary bonus and terminal bonus, if any. Met Suvidha - Non Par On maturity of the policy, you will receive the base Sum Assured. Bonuses Bonuses are available only on participating policies. The bonuses are not guaranteed as they are based on the Companys actual investment returns, persistency and expense experience. No bonus is payable for the first 2 years of the policy. REASON TO BUY . 1. It is an Endowment plan that offers both savings and life insurance. 2. Different premium paying options to suit various income cycles. 3. A plan which participates in the bonuses declared by the company.

4. Customization possible with Accident Death Benefit, Critical Illness, Term, Waiver of Premium riders for comprehensive protection. 5. *Tax Benefits as applicable.

3-MET 100 PNB MetLife presents Met 100 a whole life policy where you pay premiums for 15, 20 or 25 years. It helps create a legacy for the children, leaving money for a dependant spouse and, more importantly, provides insurance cover at affordable rates. ITS PRODUCT BENEFIT. Death Benefit Met 100 Par In the event of death, the Sum Assured plus the Reversionary Bonus and Terminal Bonuses, if any, are payable. Met 100 - Non-Par

In the event of death, the Sum Assured is payable. Maturity Benefit Met 100 - Par On maturity of the policy, the Sum Assured plus the Reversionary Bonus and Terminal Bonuses, if any, are payable. Met 100 - Non-Par On maturity of the policy, the Sum Assured is payable. REASON TO BUY, 1. A whole life plan where the duration is for life or till 99 years of age. 2. Limited premium paying term: Payment ceases but life cover continues throughout life. 3. Guaranteed benefit equal to the Sum Assured plus bonuses in a participating policy on death and maturity. 4. Loan facility available. 5. *Tax Benefits as applicable.

4-MET SARAL PNB MetLife presents Met Saral - a nonparticipating endowment plan. As the name suggests, its a simple savings plan which gets you into the savings habit without any medical tests. All you need to do is fill in a simple application form and you are ensured a guaranteed maturity amount of Rs 1,00,000, even in the case of your death during the term. Take the first step towards a better financial future for yourself and your family. Ensure and insure the first Lakh. Death Benefit In the event of death, the Sum Assured equal to Rs 1,00,000 is payable. Maturity Benefit On Maturity, of the policy the Sum Assured equal to Rs 1,00,000 is payable. 1. A simple plan with no medical tests.

2. Rs 1,00,000 guaranteed at maturity or in the event of death during the term. 3. *Tax Benefits as applicable.

7-Protection

Home loans, EMIs and other such liabilities are a regular feature in all of our lives. Yet none of us want the burden of these payments to fall on our loved ones. PNB MetLifes protection plans act as that allimportant shelter, guaranteeing you complete peace of mind. 1-

Met Suraksha

PNB MetLife offers Met Suraksha Term Assurance (TA), a non participating term assurance plan which provides you life cover at a nominal cost. To put it simply, it is a life insurance plan

that gives you complete protection to enjoy life to the fullest. You can further customize your plan with two riders Accidental Death Benefit and Critical Illness. PRODUCT BENEFIT Death Benefit In the event of death of the Person Insured, the Sum Assured is payable. Maturity Benefit There are no Maturity benefits available under this plan. REASON TO BUY . 1. Low cost, low risk insurance plan. 2. Option of different premium paying modes to suit various income cycles. 3. *Tax Benefits as applicable.

2-

Met Suraksha TROP

PNB MetLife offers Met Suraksha Term with Return of Premium (TROP), a non participating term assurance plan which provides

you life cover at a nominal cost. To put it simply, it is a life insurance plan that gives you complete protection to enjoy life to the fullest. You can further customize your plan with two riders Accidental Death Benefit and Critical Illness. Death Benefit In the event of death of the Person Insured, the Sum Assured is payable. Maturity Benefit On maturity of the policy, you receive the total of all premiums plus the Guaranteed Additions. The Guaranteed Additions are equal to 10% of premiums (including policy fee) paid (and excluding extra premiums and rider premiums if any). REASON TO BUY . Low cost, low risk insurance plan. 2. Choice of a level term plan with or without return of premium. 3. Guaranteed returns of 10% of

premium (including policy fee) paid (excluding extra premiums and rider premiums, if any) along with return of premium option of Met Suraksha. 4. Option of different premium paying modes to suit various income cycles. 5. *Tax Benefits as applicable.

3PNB MetLife presents 'Met Mortgage Protector Plus' a plan which provides you life cover for home loans taken for any period above 5 years. It is a decreasing term insurance with single and limited premium options. The plan covers you for an amount equal to the outstanding amount as per the policy schedule.
Met Mortgage Protector Plus

Death Benefit In the unfortunate event of death of the Life Insured, the outstanding loan amount is payable to the beneficiary.

Maturity Benefit Not applicable. REASON TO BUY It protects the family against the burden of a loan. 2. It is an affordable insurance plan that covers the risk of life. 3. It provides protection for all kind of loans taken for a period above 5 years. 4. Liimited and Single premium paying terms. 5. *Tax Benefits as applicable.

4-Met Protect Life is unpredictable, Death is certain. But occurrence of this unfortunate eventuality cannot be predicted. We want to give the best to our family in every sphere of life. However, we need to ensure that our best laid plans for our family are well secured, whether we are

around or not. To protect your loved ones from the uncertainties of life should anything unfortunate happens to you, PNB MetLife offers 'Met Protect', a pure protection plan, to guarantee financial security for your family. PRODUCT BENEFIT Death Benefit In the event of your unfortunate demise during the term of the Policy, your beneficiary will receive the Sum Assured provided the Policy is in force at the time of death. Maturity Benefit This plan does not have any maturity benefit. Paid-Up & Surrender Value This plan does not have any paid-up or surrender value. RESONS TO BUY . 1. This affordable, pure risk insurance plan can be bought online. Please click the link below to buy "Met Protect" online.

2. Get rewarded with lower premiums for being a Non-Smoker#. 3. Differential premiums for males and females. 4. Tax Benefits as applicable. People who have not smoked or consumed tobacco or nicotine products in any form in the last 5 years (Tobacco product includes but not limited to Cigarettes, Bidis, Cigars, Chewable Tobacco like Ghutka, flavoured Pan Masala etc.) and who have tested negative for the Cotinine Test. The special premium rates will be offered subject to satisfactory results of "Cotinine Test" besides other underwriting requirements as may be required by the company from time to time. 8-Health A Smart Health plan for you and your family The only thing

certain about life is its uncertainty!! More so in todays day & age. This uncertainty, coupled with constant anxiety and pressure could affect your health. As such, you can never be sure when a health condition may come calling on you. To ensure you are well protected to face any health condition that could befall you, PNB MetLife presents Met Health Cash, a simple health insurance policy with unique and smart advantages for you and your family. Family means spouse and up to 4 children. Every additional family member shall be underwritten as per the underwriting conditions laid by the Company from time to time. What is Met Health Cash? Met Health Cash is a health insurance plan from PNB MetLife. The plan covers you against hospitalization

expenses by providing you a Fixed Daily Hospitalization Cash Benefit (Fixed DHCB) as chosen by you. You can choose your desired plan by choosing either 10 or 15 or 20 days of Fixed DHCB in a year and you can also choose a Fixed DHCB amount of Rs.1,000 to Rs.6,000 (in multiples of Rs.1,000) Whats more!! Met Health Cash assures you coverage till the age of 75*. It not only provides coverage to you and your family#, additionally, every additional member after the primary insured gets a 10% discount on their respective premium. Furthermore, all the above benefits can be availed without the hassle of undergoing any medical examination. Just fill up the simple application form and start enjoying the unmatched benefits offered by this smart health

plan from PNB MetLife.

ITS PRODUCT BENEFIT: Fixed Daily Hospitalisation Cash Benefit (Fixed DHCB) for you & your family in a single policy for each day of hospitalization. Guaranteed coverage up to the age of 75 Premiums guaranteed for Policy Term of 3 years 10% discount on the incremental premium for other family members Benefit paid to you in addition to your other Medical Insurance Plans which you may have with other insurance companies Death/ Maturity Benefits There is no Death/ Maturity benefit under Met Health Cash. Tax Benefits The premium paid (excluding the service tax) under

this plan is eligible for Tax Benefits under Section 80 D of the Income Tax Act, 1961 as per the provisions and conditions given therein and are subject to any changes made in the tax laws in future. Please consult your tax advisor for more details. Claim not dependent upon type of ailment* big or small. Coverage for entire family* No medical tests required to purchase. 5 Simple YES/NO questions. Get claim over and above any other insurance policy. Plan valid at any hospital across the country* Tax Benefits^

9-Rural

None of us can be sure what tomorrow will bring. Shield your families against the unknown. PNB MetLifes rural plans protect your loved ones against financial liabilities and help you save for tomorrow. All at affordable premiums.

1-

Met Suvidha (Rural)

Met Suvidha (Rural) is a participating flexible Endowment Plan that combines savings and security. In addition to providing you protection up to maturity, it helps you save for your specific long term financial objectives. This long term savings-cumprotection plan comes to you at affordable premiums. ITS PRODUCT BENEFIT Death Benefit Met Suvidha - Par

In the event of death during the term of the policy, the beneficiary will receive the base Sum Assured, the accrued reversionary bonus and terminal bonus if any. Maturity Benefit Met Suvidha Par On maturity of the policy, you will receive the base Sum Assured, the accrued reversionary bonus and terminal bonus if any. Bonuses Bonuses are available only on participating policies. The bonuses are not guaranteed as they are based on the Companys actual investment returns, persistency and expense experience. No bonus is payable for the first 2 years of the policy. REASONS TO BUY: 1. It is an Endowment plan that offers both savings and life insurance.

2. Flexible premium paying options to suit various income cycles. 3. A plan which participates in the bonuses declared by the company. 4. Customization possible with Accident Death Benefit, Critical Illness, Term, Waiver of Premium Riders for comprehensive protection.

3-

Met Grameen Ashray

PNB MetLife offers Met Grameen Ashray - a simple micro insurance, non- participating plan which provides you life cover at a nominal cost. PRODUCT BENEFIT: Death Benefit In the event of death of the Person Insured the Sum Assured is payable. Surrender Benefits - There are no Surrender benefits for Regular Premium policies.

- Single Premium Policies can be surrendered after completion of 2 years from the date of commencement. Upon receipt of a surrender request, a cash surrender value of 30%, 20% or 10% of the Single Premium will be payable if the surrender is made in Year 3 or Year 4 or Year 5 respectively. REASONS TO BUY: 1. Affordable short term protection plan 2. Convenience of paying just once or over the term of the policy 3. Simplified process 4. Tax benefits as applicable. COMPANY RECOGNITION: PNB MetLife India Insurance Company Limited (PNB MetLife) is a joint venture where MetLife, Inc. and Punjab National Bank (PNB) are the majority shareholders. PNB

MetLife was previously known as MetLife India Insurance Company Limited (MetLife India). MetLife India has been present in India since 2001. PNB MetLife brings together the financial strength of one of the worlds leading life insurance providers, MetLife, Inc., and the credibility and reliability of Punjab National Bank, one of India's oldest and leading nationalised banks. The vast distribution reach of PNB together with the global insurance expertise and product range of MetLife makes PNB MetLife a strong and trusted insurance provider. The Company is present in over 150 locations across the country and serves customers in more than 7,000 locations through its bank partnerships with PNB, the Jammu & Kashmir Bank Limited and Karnataka Bank Limited. PNB MetLife

provides a wide range of protection and retirement products through its Agency sales of over 24,000 financial advisors and bank partners, and provides access to Employee Benefit plans for over 800 corporate clients in India. With its headquarters in Bangalore and Corporate Office in Gurgaon, PNB MetLife is one of the fastest growing life insurance companies in the country. The Company continues to be consistently profitable and has declared profits for ten consecutive quarters as of Q3.

Working Of Stock Exchange & Depositary Services Stock Exchange : The Stock Exchange Is The Important Segment Of Its Capital Market. If The Stock Exchange Is Well-Regulated Function Smoothly, Then It Is An Indicator Of Healthy Capital Market. If The State Of The Stock Exchange Is Good, The Overall Capital Market Will Grow And Otherwise It Can Suffer A Great Set Back Which Is Not Good For The Country. The Government At Various Stages Controls The Stock Market And The Capitals Market. A Capital Market Deals In Financial Assets, Excluding Coin And Currency. Banking Accounts Compromises The Majority Of Financial Assets. Pension And Provident Funds Insurance Policies Shares And Securities.

Financial Assets Are Claim Of Holders Over Issuer (Business Firms And Governments). They Enter Low Different Segment Of Financial Market. Those Having Short Maturities That Are Non Transferable Like Bank Savings And Current Accounts Set The Identification Of The Monetary Financial Assets. This Market Is Known As Money Market, Equity, Preferential Shares And Bonds And Debentures Issued By Companies And Securities Issued By The Government Constitute The Financial Assets, Which Are Traded In The Capital Market.

Money Market And Capital Market Both Money Market And Capital Market Constitute The Financial Market. Capital Market Generally Known As Stock Exchange. This Is A Institution Around Which Every Activity Of National Capital Market Revolves. Through The Medium Stock Exchange The Investor Gets On Impetus And Motivations To Invest In Securities Without Which They Would Not Be Able To Liquidate The Securities. If There Would Have Been No Stock Exchange Many Of The Savers Would Have Hold Their Saving Either In Cash I.E. Idle Or In Bank With Low Interest Rate Or Low Returns. The Stock Exchange Provides The Opportunity To Investors For The Continuous Trading In Securities. It Is Continuously Engaged In The Capital Mobilization Process. Another Consequence Of Non-Existence Of Stock Exchange Would Have Been Low Saving Of The Community, Which Means Low Investment And Lower Development Of The Country. S - Securities Provide For Investor. T - Tax Benefits Planning And Exemption. O - Optimum Return On Investment. +*7/+/C - Cautious Approach. K - Knowledge Of Market. Ex - Exchange Of Securities Transacted. C - Cyclopedia Of Listed Companies. H - High Yield. A - Authentic Information N - New Entrepreneur Encouraged. G - Guidance Of Investor & Company. E - Equity History Of Stock Exchange The First Stock Exchange Was Established In London In The Year 1773. Just After Establishment Of London Stock Exchange Various Countries Like France, Germany And Usa Also Established Their Own Stock Exchange Markets. In India, The First Exchange Established In Bombay In The Year 1875. Later, In Year 1908, Calcutta Stock Exchange Was Established Which Was Recognized In The

Company In 1923. Mean Which In 1920 The Madras Stock Exchange Limited In 1973. So Far The Government Of India Has Recognized 22 Stock Exchange, Which Was Located At Major Business Centers In Different Parts Of Country. Till The Mid Fifties The Stock Exchange Was Governed By Their Own Bye Laws And Regulations With Very Little Interface By The Government. In The Year 1925, The Government Of Bombay Promulgated An Act Securities Contracts And Control Act, 1625 For Regulation And The Stock Exchange. During The World Was Second Trading Outside The Stock Exchange Flourished With Adverse Effect On Investors Confidence Due To Base Less Issues And Higher Rate Of Liquidation Of Companies. In 1956, The Center Government Passed Contracts (Regulation) Act 1956, Which Came Into Force Through Out The Country On 20 th Feb. 1957. Sebi Act : The Government Of India Has Enacted An Act (Sebi Act 1952), Which Provides For The Establishment Of A Board To Protect The Interest Of Investor In Securities. The Sebi Has Emerged As A Monitoring Institution Of The Country Fir The Development And Regulation Of Stock Market, Sebi Has Issued From Time To Time Guideline To Insider Trading Listing Of Securities, Registration Of Intermediaries Mutual Funds Etc. Management Of Stock Exchange Management Of Stock Exchange Is Done An Elected Body Of Members. These Bodies Are Know By Different Names In Different Stock Exchange For Example, The Bombay, Indore And Ahemdabad Stock Exchange Are Managed By A Governing Board. Council Of Management Governs The Madras Stock Exchange. A Committee Manages The Calcutta Stock Exchange. While The Board Of Director Manages Stock Exchange. These Governing Bodies Are Powerful Bodies Enjoying Extensive Administrative Power Of Management And Control Over Their Respective Stock Exchange The Day-To-Day Function Of The Stock Exchanges Are Executed By The SubCommittee Like The Defaulters Committee Listing Committee, Settlement Committee Etc.

Stock Brokers Sebi Registered Stock - Brokers Interested In Providing Internet Based Trading Services Will Be Required To Apply To The Respective Stock Exchange For A Formal Permission. The Stock Exchange Should Grant Approval Or Reject The Application As The Case May Be, And Communicate Its Decision To The Member Within Thirty Calendar Days Of The Date Of Completed Application Submitted To

The Exchange. The Exchange Closely Monitors Outstanding Position Of Top Buying MemberBrokers And Top Selling Member-Brokers On A Daily Basis. For This Purpose, It Has Developed Various Market Monitoring Reports Based On Certain Pre-Set Parameters. These Reports Are Scrutinized By Officials Of The Surveillance Dept. To Ascertain Whether A Member-Broker Has Built Up Excessive Purchase Or Sale Position Compared To His Normal Level Of Business. Further, It Is Examined Whether Purchases Or Sales Are Concentrated In One Or More Scrips, Whether The Margin Cover Is Adequate, Whether Transactions Have Been Entered Into On Behalf Of Institutional Clients And Even The Quality Of Scrips, I.E., Liquid Or Illiquid Is Looked Into In Order To Assess The Quality Of Exposure. The Exchange Also Scrutinizes The Pay-In Position Of The Member-Brokers And The MemberBrokers Having Larger Funds Pay-In Positions Are At Times, At The Discretion Of The Exchange, Required To Make Advance Pay-In On Instead Of On T+2 Day.

Basic Requirements For Stock Brokers Trading Will Be On Existing Stock Exchanges Through Order Routing System For Execution Of Trades. Therefore, Stockbrokers Are To Comply With The Following Before The Start Of Trade On Internet. The Broker Must Have A Net Worth Of Rs. 50 Lakh If He Wants To Avail The Facility Of Internet For His Own. Provision For Maintenance Of Adequate Back Up System. The Software System To Be Used By Him Should Be Secured And Reliable. To Employ The Qualified Staff For This Purpose. To Send Order/Trade Confirmation To The Client Also Through E-Mail. The Contract Notes Must Be Issued To The Clients As Per Existing Regulation Within 24 Hours Of The Execution Of Trades. The Broker And His Client Should Use Authentication Technologies. The Above Are Some Of The Important Pre-Requisites For The Stockbroker Should Intend To Take Benefits Of Trading On Internet. However, Detailed Guidelines Issued By The Sebi For The Stock Exchange Kind Of Stock Brokers Commission Broker Near About All The Brokers Buy And Sell Securities For Earning A Commission For

Investor Point Of View He Is The Most Important Person And Responsibility Is To Buy And Sell Stoke For His Customer. It Means That He Acts As An Agent Of Investor And Earns Commission For His Services Rendered. The Broker Is Also An Independent Dealer In Securities. He Purchases And Sell Securities In His Own Name But He Is Not Allowed To Deal With Non-Member.

2. Jobber He Is An Professional Speculator Who Works For A Profit Called Turn He Makes A Continuous Auction In The Market In The Stoke In Which He Specialized. He Trades In The Market Evens For Small Difference In The Prices And Helps To Maintain Liquidity In The Stoke Exchange. Floor Broker The Floor Broker Buy And Sell Shares For The Other Broker On The Floor Of The Exchange. He Is An Individual Member Owns His Seat And Receives His Own Commission On The Orders He Execute. He Helps Other Brokers When They Are Buy And As Compensation Receives A Portion The Broker. 4. Odd Lit Dealer For Trading In Stock Exchange There A Certain Number Of Share A Fixed To Be Transacted In A Lot, This Is Known As Round Lat Which Is Usually A, 100 Share A. Any Thing Less Than The Round Lot Are Add Lot. If A Person Is In Possession Of Add Lot Of Share I.E. 10, 20, 30, 40 Etc. They He Will Has To Look For The Add Lot Dealer. 5. Budliwala He Is The Person Who Finance Or Provide Credit Facilities To The Market For This Service He Charges A Fees Called Contango Or Backwardation Charges. The Budliwala Gives A Fully Secured Loan For Period Of 2 To 3 Weeks. 6. Arbitrageur A Person Who Is Specialist In Dealing With Securities In Different Stoke Exchange Centers At The Same Time. He Makes A Profit By The Difference In The Piece Prevailing In Different Centers Of The Market Activity. For Example The Rte Of A Certain Scrip Is Higher In Some Stoke Exchange Than Other On. In This Case The Broker Will Buy The Scrip From The Marked Lower Price And Will Sell The Scrip In The Market At Higher Price. The Profit Of The Arbitrageur Depends On The Ability To Get The Prices From Different Centers Before Trading In Other Stoke Exchanges. Stock Trading Overview The Marketing Of The Securities On The Stock Exchange Can Be Done Through

Member Of The Stock Exchange. These Member Can Be Either Individuals Or Corporate Bodies. For The Process Of Trading In Stock Exchange There Is The Basic Need For A Transaction Between An Individual And The Broker Execute Customers Order To Buy Or Sell On The Stock Exchange Trading Ring. The Exchange Of Scrip Between The Member Of The Exchange In From Of Buying Or Selling Is Called Trading Broker Is The Member Of Recognized Stock Exchange And Help The Customers In Buying Or Selling The Securities For The Brokerage That He Receives. Trading Method Listing Securities Are Traded On The Floor Of Recognized Stock Exchange Where Its Member Traded. An Investor Is Not Permitted To Enter The Floor Of Stock Exchange And He Has Trust The Broker To: *. Negotiate The Best Price For The Trade. *. Settle The Account, I.E. Payment For Securities Sold On Due Date. *. Take Delivery Of Securities Purchase. Types Of Trading Trading In Stock Exchange Is Conducted In Two Ways: Ready Delivery Contract. Forward Delivery Contract. Basket Trading System The Basket Trading System Provides The Arbitrageurs An Opportunity To Take Advantage Of Price Differences In The Underlying Sensex And Futures On The Sensex By Simultaneous Buying And Selling Of Baskets Comprising The Sensex Scrips In The Cash Segment And Sensex Futures. This Is Expected To Provide Balancing Impact On The Prices In Both Cash And Futures Markets. The Exchange Has Commenced Trading In The Derivatives Segment With Effect From June 9, 2000 To Enable The Investors To, Inter-Alias, Hedge Their Risks. Initially, The Facility Of Trading In The Derivatives Segment Was Confined To Index Futures. Subsequently, The Exchange Has Introduced The Index Options And Options & Futures In Select Individual Stocks. The Investors In Cash Market Had Felt A Need To Limit Their Risk Exposure In The Market To Movement In Sensex. To Participate In This System, The Member-Brokers Need To Indicate Number Of Sensex Basket(S) To Be Bought Or Sold, Where The Value Of One Sensex Basket Is Arrived At By The System By Multiplying Rs.50 To Prevailing Sensex. For E.G., If The Sensex Is 4000, Then Value Of One Basket Of Sensex Would Be 4000 X 50= I.E., Rs. 2,00,000/-. The Investors Can Also Place Orders By Entering Value Of Sensex Portfolio To Be Brought Or Sold With A Minimum Value Of Rs. 50,000/-

For Each Order. Procedure Of Trading 1.Select Of Broker The First Step Is Buying Or Selling Of Share Is To Select A Broker For Transaction Business On Behalf Of The Investor. The Trading Of Securities On The Stock Exchange Can Be Done Through Members Of The Exchange. An Investor Prefers To Select A Broker Who Shall. Act With Due Skill. Care And Diligence In The Conduct Of All His Business. Not Create False Market Either Singly Or In Concert With Other. 2.Opening An Account With The Broker The Next Step To Open Account With The Broker. It Helps The Investor To Provide His Credit Worthiness, If The Clients Were Not To Do Margin Money With The Broker. 3.Selection Of Securities This Is Application For Buying Securities. The Investor May Be Consulted With Broker And Take Advise For Selection Of Securities.

4.Selection Of Time For Trading This Is Important To Get The Best Advantage From Buying Or Selling The Securities. 5. Placing An Order Various Method Of Placing An Order With The Broker Has Been Evolved To Give The Broker Leverage When He Is On The Floor Of The Stock Exchange. 6. Preparation Of Contract Note Sebi Circular Of 4th Feb. 1991 Requires That All Member Of The Recognized Stock Exchange Issue Contract Note To The Investors On The Execution Of Trade. Brokers, Therefore Issue Contract Note To The Client, Which Gives The Name Of The Company, Price Of Trade, Brokerage, Time Of Execution, Provision Regarding Arbitration Etc. In Term Of The Bye-Laws Of Stock Exchange, This Is Statutory Requirement. EVA (Economic Value Added)

EVA (Economic Value Added) was developed by a New York Consulting firm, Stern Steward & Co in 1982 to promote value-maximizing behaviour in corporate managers (O'Hanlon. J & Peasnell. K, 1998). It is a single, value-based measure that was intended to evaluate business strategies, capital projects and to maximize long-term shareholders wealth. Value that has been created or destroyed by the firm during the period can be measured by comparing profits with the cost of capital used to produce them. Therefore, managers can decide to withdraw value-destructive activities and invest in projects that are critical to shareholder's wealth. This will lead to an increase in the market value of the company. However, activities that do not increase shareholders value might be critical to customer's satisfaction or social responsibility. For example, acquiring expensive technology to ensure that the environment is not polluted might not be of high value from a shareholder's perspective. Focusing solely on shareholder's wealth might jeopardize a firm reputation and profitability in the long run. EVA sets managerial performance target and links it to reward systems. The single goal of maximizing shareholder value helps to overcome the traditional measure problem, where different measures are used for different purposes with inconsistent standards and goal. Rewards will be given to managers who are able to turn investor's money and capital into profits efficiently. Researches have found that managers are more likely to respond to EVA incentives when making financial, operational and investing decision (Biddle, Gary, Managerial finance 1998), allowing them to be motivated to behave like owners. However this behaviour might lead to some managers pursuing their own goal and shareholder value at the expense of customer satisfaction. Unlike simple traditional budgeting, EVA focuses on ends and not means as it does not state how manager can increase company's value as long as the shareholders wealth are maximised. This allowed managers to have discretion and free range creativity, avoiding any potential dysfunctional short-term behaviour. Rewards such as bonuses from the attainment of EVA target level are usually paid fully at the end of 3 years. This is because workers' performance is monitored and will only be rewarded when this target is maintained consistently. Hence, leading to long-term shareholders' wealth. RESEARCH METHDOLOGY Before knowing about the research methodology this will be better to know that what the research is. RESEARCH Research comprises defining and redefining the problems, formulating hypothesis or suggested solutions, collecting, organizing and evaluating data, making deductions and reaching conclusions. In other words this may be said that the systematic approach concerning generalization and the formulation of a theory is as the report.

RESEARCH METHODOLOGY Research methodology is a way to systematically solve the research problem. It may be understood as a science of studying that how research is done scientifically. In it we study various steps that are generally adopted by a researcher in studying his research along with the logic behind them. Thus when we talk about research methodology we not only talk of the research methods but also consider the logic behind the methods we use in the context of our research study and explain why are using particular method or technique and why we are not using others so that research results are capable of being evaluated either by the researcher himself or by others.

The First Step one is all about the introduction of the companies and the PNB METLIFE , in this we include the historical background, operations, customer base, related activities, vision, mission, and achievements of he companies. Second step is research methodologies is prepared and in this we define the problem statement, source of data, literature review, objective of study, scope of the study, justification of the study and limitations of the study. Third Step is all about the 1st part of financial analysis of statements and in this we try to achieve our objectives with the help of several financial tools. Fourth Step is the second part of the financial analysis in this we apply more financial tools and at last we justify our analysis with the help of several statistical tools. Following tools are applied: CORRELATION REGRESSION ANOVA Fifth Step is all about the findings and results. What we did in whole research is discussed in this chapter. As every problem is meaningless without findings, in this chapter we give the findings about the study. Sixth Step is about the suggestion to the study and in this I gave relevant and applicable suggestion for the INSURANCE sector/industry .

Sampling design: A sample design is a definite plan for obtaining a sample from the sampling frame. It refers to the technique or the procedure that is adopted in selecting the sampling units from which inferences about the population is drawn. Sampling design is determined before the collection of the data.

Several decisions have to be taken in context to the decision about the appropriate sample selection so that accurate data is obtained and efficient results are drawn. Following questions have to be considered while sampling designWhat is the relevant population? What is the parameter of interest? What is the sampling frame? What is the type of sample? What sample size is needed? How much will it cost? The sample size of past one year is taken for present study due to time limitation. Data Collection The task of data collection is begins after a research problem has been defined and research designed/ plan chalked out. Data collection is to gather the data from the population. The data can be collected of two types: Primary data Secondary data

Primary Data: The Primary data are those, which are collected afresh and for the first time, and thus happened to be original in character. There are several methods of primary data collection: Observation Method Interview Method Schedules Questionnaires

Secondary Data: The Secondary data are those which have already been collected by some one else and which have already been passed through the statistical tool. Methods of collection of Secondary data are: Books Website Journal. In the present study I have made use of secondary data collected from their website and from their records. Analysis and Interpretation of Data The data collected in the aforesaid manner have been tabulated in condensed from to draw the meaningful results. The different techniques are adopted to

analyze the data. All the data and material is arranged through internal resources and the last part of the project consists of the conclusions drawn from the report, a brief summary and recommendation and giving the final touch to the report by stating a conclusion.

SIGNIFICANCE OF RESEARCH Research inculcates scientific and inductive thinking and promises the development of logical habits of thinking and organization. The role of research in several fields of applied economics ,whether related to business or to the economy as a whole, has greatly increased in modern times. Research provides the basis for nearly all government policies in our economics system. Research has its special significance in solving various operational and planning problems of business and industry Research is equally important for social scientists in studying social relationship and in seeking to various social problems. TYPES OF THE RESEARCH There are various types of researches exist that are conducted as par the requirement of the problem and the situation. Some important and popular types of researches are being defined here that are very frequently used for the purpose of conducting the research study for any given problem. DESCRIPTIVE RESEARCH Descriptive research includes surveys and facts finding enquiries of different kinds. The major purpose of the descriptive research is description of the state of affairs as it exists at present. In social science and business research we quite often use the word Ex post facto research for descriptive research studies. Ex post facto research studies include attempts by researchers to discover causes even when they can not control the variables. ANALYTICAL RESEARCH In the case of the analytical research, the researcher has to facts and information already available, and analyze these to make a critical evaluation of the material. So in the case of the analytical research the researcher does not primarily considers on the collection of the data by using the various methods of data collection.

APPLIED RESEARCH The applied research aims at finding a solution for an immediate problem facing a society or an industrial/business organization. Researches aimed at certain conclusions facing a concrete social or business problem is an example of the applied research. Research to identify social, economic, or political trends that may affect a particular institution or the copy research or the marketing research or evaluation research are examples of the applied research. FUNDAMENTAL RESEARCH The fundamental research is mainly concerned with generalizations and formulations of a theory. Research concerning to some natural phenomenon or relating to pure mathematics are examples of the fundamental research. Similarly research studies concerning human behaviour are also examples of the fundamental research. QUANTITATIVE RESEARCH Quantitative research is based on quantity or amount. It is applicable to the phenomenon that can be expressed in terms of quantity. This means to say that the factors that can be measured in the form of the in the physical form are included in the quantitative research. QUALITATIVE RESEARCH Qualitative research is concerned with qualitative phenomenon. This means to say that phenomenon relating to or involving quality or kind. For instance, when we are interested in investigating the reasons for the human behaviour we quite often talk of Motivation Research, an important type of qualitative research. CONCEPTUAL RESEARCH Conceptual research is that related to some abstract ideas or theory. It is generally used by the philosophers and thinkers to develop new concepts or interpret existing ones. EMPIRICAL RESEARCH The empirical research relies on experience or observation alone, often without due regard for the system and the theory. It is data based research, coming up with conclusion which are capable of being verified by the observation pr the experiment. Here, in the present research report the mix of analytical and descriptive research is going to be conducted, as this is dealing with a descriptive and analytical study of the Indian insurance market. RESEARCH DESIGN Research design is simply the framework or plan for a study, used as a guide in collecting and analyzing data. There are three types of Research Design:Exploratory Research Design:- The major emphasis in exploratory Research design is on discovery of ideas and insights.

Descriptive Research Design:- The Descriptive Research Design Study is typically concerned with determining the frequency with which something occurs or the relationship between two variables. Casual Research Design:- A Casual Research Design is concerned with determining cause and effect relationship. For the study, Descriptive Research Design was undertaken as it draws the opinion of employees/ workers on a specific aspect.

RECOMMENDATIONS An overall approach is essential particularly where general absence levels are high, in which case organization may find that significant organizational or procedural changes are called for. Although some absence is outside managements control levels of absence can be reduced when positive policies are introduced to improve working condition with worker & increase workers motivation to attend work. Managers, in consultation with worker & their representative, should seek to ensure that; 1-Good physical working condition are provided 2-Ergonomics (efficient & comfortable) factors are taken into account while designing workplace 3-Health& safety standards are rigorously maintained 4-New starters standards young people are given sufficient training & receive particularly attention during the initial period of their work. 5-jobs are designed so that they give motivation & provide job satisfaction. They should provide variety, discretion& responsibility, contact with other people, feedback, some challenges & have clear goals. 6- Training, career development & promotion policies, communication procedures & welfare provisions are examined to see if they can be improved. 7- Attendance award scheme. 8- Improvement of union 9- Proper motivation by manager & union. In conclusion the moral that can be derived out of the endeavor is: When you ask people what they need, they will tell you what they want. It may or may not be what they need. As trainers, we often wear a marketing hat and

are obliged to give people what they would want. But we also wear the hat of a HRD professional: Wed better also give them what they need to improve their performance. LIMITATIONS OF THE STUDY

These are few limitations which I face in organization during data collection;-

Time Constraints: Time was very short for the study. But still all efforts to the best possible extent have been made to collect the data.

Coverage Constraints: It was not possible to cover all the employees in the organization so I have selected 90 as sample for my study.

Data collection Constraints: The data used is both primary and secondary in nature, this poses the constraints on the validity and reliability of the data.

Limited use:The conclusions and inferences drawn are applicable for this particular organization only. I have used secondary data which is collected by others for different motive so make that data compatible was a difficult task.

CONCLUSION Whole world identify that India is a best destination of opportunity investment, we are adding millions of dollars in terms of FDI and FII. But India is the basic problem is generation and transmission. Indias all insurance sectors companies are doing very good business despite of surviving in a lacking sector, these companies has different ways to earn profit like they compensate loss of one business with its profitable business and retain themselves in the market. Although Pnb metlife is a biggest government company for generating the electricity other private players are make them able to sustain in the market with their good financial policies.

LITRATURE REVIEW TEXT BOOKS Jain T.R1 from these pages help me to understand the meaning of my statistical tools and also help in applying them. Goel D.K2: this text book helps me out to understand the meaning of different ratios and their meaning. A.Bernstein Leobold and J.wild John3 :This text book helps me to understand the major concept like debt equity ratio and retained earnings. Gupta Shashi K. & Sharma R.K4 form this book I have cleared my financial concepts and their meanings. Maheshwari S.N5: from the above pages I got light on some analytical tools. Kothari C.R6: this book helps me to know the meaning of various steps in the marketing research. Beri G. C7: this book give me the knowledge of basic meaning of research that what it means and what are its limitations. Luck J. David8 : from this book I got light on the meaning of the marketing research. Gupta S.P9 : this book helps me in understanding the meaning and application of statistical tools. Gupta R.L. & Gupta V.K10 : this book helps me in applying the analytical tools. Pandey I.M11 :from this book I got the interpretation of various parameters. Sharma R.K12,: help me to clear the meaning of various terms in the financial statements. Khan & Jain13 :helps me to clear the meaning of operating activities, non operating activities etc.

DECLARATION

I RAJEENA RAWAT, MBA (3rd Semester) student of the uttranchal Institute of Management dehradun , hereby declare that the Research Report entitled Comparative Long Term and work on stock exchange and depositary, With Special References To Roi, Market Capitalization, Ratio, Trend Analysis, Pat, P/E Ratio, Eva For Last 3 Year (2005-07) It is an original work done by me under the guidance of Ms. Ashish rekhi, in partial fulfillment of M.B.A Degree during academic year 20012-14. All the data represented in this project is true & correct to the best of my knowledge & belief. This work has not been submitted for any other degree/diploma exam elsewhere. (RAJEENA RAWAT)

BOOKS I.M. Pandey ,Financial Management, 6th Edition Ravi M. Kishore, Financial Management, 6th Edition J. D. Aggarwal, Management of Working Capital D.R. Mehta, Management of Working Capital Dr. S M Tariq , Strategic Finance R.K.Aggarwal, Financial Management K.G. Gupta, Cost Accounting Chadra, Financial Management Theory & Practice Mukharjee & Haniff, Modern Accountancy C.R. Kothari Research Methodology Dipak Kumar B., Research Methodology V.S.P. RAO, Production & Operation mgmt Upendra Kachru, Production & Operation mgmt V.K. Bhalla, Working capital management, 10th Edition Gupta K.G., Financial management, 8th Edition Periasamy P., Working capital management, 3rd Edition WEBSITES:metlife.com www.planware.org/workingcapital.htm www.wikipedia.org www.altavista.com __http://www.bseindia.com/about/introbse.asp_ _ HYPERLINK "http://www.bseindia.com/about/vision.asp" __http://www.bseindia.com/about/vision.asp_ _ HYPERLINK "http://www.bseindia.com/about/board.asp" __http://www.bseindia.com/about/board.asp_ _ HYPERLINK
www.pnb www.tuter2u.com

"http://www.bseindia.com/mktlive/market_summ/margin.asp" _http://www.bseindia.com/mktlive/market_summ/margin.asp_ _ HYPERLINK "http://www.bseindia.com/mktlive/market_summ/margin.asp?initial=D" __http://www.bseindia.com/mktlive/market_summ/margin.asp?initial=D_ _ HYPERLINK "http://www.bseindia.com/mktlive/market_summ/margin.asp?initial=T" __http://www.bseindia.com/mktlive/market_summ/margin.asp?initial=T_ _ HYPERLINK "http://www.bseindia.com/mktlive/market_summ/margin.asp?initial=B" __http://www.bseindia.com/mktlive/market_summ/margin.asp?initial=B_ _ HYPERLINK "http://www.bseindia.com/about/abindices/preface.asp" __http://www.bseindia.com/about/abindices/preface.asp_ _ HYPERLINK "http://www.bseindia.com/about/abindices/betavalues.asp" __http://www.bseindia.com/about/abindices/betavalues.asp_ _ HYPERLINK "http://www.bseindia.com/about/abindices/bse30.asp" _http://www.bseindia.com/about/abindices/bse30.asp_ _ HYPERLINK "http://www.ntpc.co.in/aboutus/company.shtml" _http://www.BIRLA.co.in/aboutus/company.shtml_ _ HYPERLINK "http://www.rel.co.in/aboutus/relatglance.asp" _http://www.rel.co.in/aboutus/relatglance.asp_ REPORTS:Weekly Report Monthly Report Quarterly Report Annual Report

Project Description : Category : Mba Project Report Title : Working Of Stock Exchange & Depositary Services