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CONTENTS

CERTIFICATE
DECLARATION
ACKNOWLEDGEMENT
PREFACE
INTRODUCTION OF INSURANCE
COMPANY INTRODUCTION
CHANNEL PARTNERS
COMPANY PLANS
IRDA CERTIFICATION
RESEARCH METHODOLOGY
OB1ECTIVE
DATA ANALYSIS
GRAPHS
COLLECTION OF DATA
LIMITATION
CONCLUSION
BIBLIOGRAPHY
QUESTIONNAIR
Insurance
Insurance, in law and economics, is a form of risk management primarily used to
hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer
of the risk of a loss, from one entity to another, in exchange for a premium. An insurer is
a company selling the insurance. The insurance rate is a factor used to determine the
amount, called the premium, to be charged for a certain amount of insurance coverage.
Risk management, the practice of appraising and controlling risk, has evolved as a
discrete field of study and practice.
Insurance in India
Insurance is a federal subect in India and has a history dating back to !"!". #ife
and general insurance in India is still a nascent sector with huge potential for various
global players with the life insurance premiums accounting to $.%& of the country's ()*
while general insurance premiums to +.,%& of India's ()*.-!.. The Insurance sector in
India has gone through a number of phases and changes, particularly in the recent years
when the (ovt. of India in !/// opened up the insurance sector by allowing private
companies to solicit insurance and also allowing 0)I up to $,&. 1ver since, the Indian
insurance sector is considered as a booming market with every other global insurance
company wanting to have a lion's share. 2urrently, the largest life insurance company in
India is still owned by the government.
History of Insurance in India
Insurance in India has its history dating back till !"!", when 3riental #ife
Insurance 2ompany was started by 1uropeans in 4olkata to cater to the needs of
1uropean community. *re5independent era in India saw discrimination among the life of
foreigners and Indians with higher premiums being charged for the latter. It was only in
the year !"6+, 7ombay 8utual #ife Assurance 9ociety, the first Indian insurance
company covered Indian lives at normal rates.
At the dawn of the twentieth century, insurance companies started mushrooming
up. In the year !/!$, the #ife Insurance 2ompanies Act, and the *rovident 0und Act were
passed to regulate the insurance business. The #ife Insurance 2ompanies Act !/!$ made
it necessary that the premium rate tables and periodical valuations of companies should
be certified by an actuary. :owever, the disparage still existed as discrimination between
Indian and foreign companies. The oldest existing insurance company in India is ;ational
Insurance 2ompany #td, which was founded in !/+, and is doing business even today.
Insurance industry, earlier comprised of only two state insurers. #ife Insurers i.e. #ife
Insurance 2orporation of India <#I2= and (eneral Insurers i.e. (eneral Insurance
2orporation of India <(I2=. (I2 had four subsidiary companies.
>ith effect from )ecember $+++, these subsidiaries have been de5linked from
parent company and made as independent insurance companies? 3riental Insurance
2ompany #imited, ;ew India Assurance 2ompany #imited, ;ational Insurance
2ompany #imited and @nited India Insurance 2ompany #imited.
Principles of Insurance
2ommercially insurable risks typically share seven common characteristics.
A large number of homogeneous exposure units. The vast maority of insurance
policies are provided for individual members of very large classes. Automobile
insurance, for example, covered about !6% million automobiles in the @nited 9tates in
$++A. The existence of a large number of homogeneous exposure units allows insurers to
benefit from the so5called Blaw of large numbers,C which in effect states that as the
number of exposure units increases, the actual results are increasingly likely to become
close to expected results. There are exceptions to this criterion. #loyd's of #ondon is
famous for insuring the life or health of actors, actresses and sports figures. 9atellite
#aunch insurance covers events that are infrequent. #arge commercial property policies
may insure exceptional properties for which there are no DhomogeneousE exposure units.
)espite failing on this criterion, many exposures like these are generally considered to be
insurable.
Definite Loss.
The event that gives rise to the loss that is subect to insurance should, at least in
principle, take place at a known time, in a known place, and from a known cause. The
classic example is death of an insured on a life insurance policy. 0ire, automobile
accidents, and worker inuries may all easily meet this criterion. 3ther types of losses
may only be definite in theory. 3ccupational disease, for instance, may involve
prolonged exposure to inurious conditions where no specific time, place or cause is
identifiable. Ideally, the time, place and cause of a loss should be clear enough that a
reasonable person, with sufficient information, could obectively verify all three
elements.
Accidental Loss.
The event that constitutes the trigger of a claim should be fortuitous, or at least
outside the control of the beneficiary of the insurance. The loss should be Dpure,E in the
sense that it results from an event for which there is only the opportunity for cost. 1vents
that contain speculative elements, such as ordinary business risks, are generally not
considered insurable.
Large Loss.
The siFe of the loss must be meaningful from the perspective of the insured.
Insurance premiums need to cover both the expected cost of losses, plus the cost of
issuing and administering the policy, adusting losses, and supplying the capital needed to
reasonably assure that the insurer will be able to pay claims. 0or small losses these latter
costs may be several times the siFe of the expected cost of losses. There is little point in
paying such costs unless the protection offered has real value to a buyer.
Affordable Premium.
If the likelihood of an insured event is so high, or the cost of the event so large,
that the resulting premium is large relative to the amount of protection offered, it is not
likely that anyone will buy insurance, even if on offer. 0urther, as the accounting
profession formally recogniFes in financial accounting standards, the premium cannot be
so large that there is not a reasonable chance of a significant loss to the insurer. If there is
no such chance of loss, the transaction may have the form of insurance, but not the
substance. <9ee the @.9. 0inancial Accounting 9tandards 7oard standard number !!G=
Calculable Loss.
There are two elements that must be at least estimable, if not formally calculable?
the probability of loss, and the attendant cost. *robability of loss is generally an empirical
exercise, while cost has more to do with the ability of a reasonable person in possession
of a copy of the insurance policy and a proof of loss associated with a claim presented
under that policy to make a reasonably definite and obective evaluation of the amount of
the loss recoverable as a result of the claim.
Limited risk of catastrophically large losses.
The essential risk is often aggregation. If the same event can cause losses to
numerous policyholders of the same insurer, the ability of that insurer to issue policies
becomes constrained, not by factors surrounding the individual characteristics of a given
policyholder, but by the factors surrounding the sum of all policyholders so exposed.
Typically, insurers prefer to limit their exposure to a loss from a single event to some
small portion of their capital base, on the order of % percent. >here the loss can be
aggregated, or an individual policy could produce exceptionally large claims, the capital
constraint will restrict an insurers appetite for additional policyholders. The classic
example is earthquake insurance, where the ability of an underwriter to issue a new
policy depends on the number and siFe of the policies that it has already underwritten.
>ind insurance in hurricane Fones, particularly along coast lines, is another example of
this phenomenon. In extreme cases, the aggregation can affect the entire industry, since
the combined capital of insurers and reinsurers can be small compared to the needs of
potential policyholders in areas exposed to aggregation risk. In commercial fire insurance
it is possible to find single properties whose total exposed value is well in excess of any
individual insurerEs capital constraint.
Insurance Companies
Insurance companies may be classified into two groups?
#ife insurance companies, which sell life insurance, annuities and pensions
products.
;on5life, (eneral, or *ropertyH2asualty insurance companies, which sell other
types of insurance.
(eneral insurance companies can be further divided into these sub categories.
9tandard #ines
1xcess #ines
In most countries, life and non5life insurers are subect to different regulatory regimes
and different tax and accounting rules. The main reason for the distinction between the
two types of company is that life, annuity, and pension business is very long5term in
nature I coverage for life assurance or a pension can cover risks over many decades. 7y
contrast, non5life insurance cover usually covers a shorter period, such as one year.
Insurance companies are generally classified as either mutual or stock companies.
This is more of a traditional distinction as true mutual companies are becoming rare.
8utual companies are owned by the policyholders, while stockholders <who may or may
not own policies= own stock insurance companies. 3ther possible forms for an insurance
company include reciprocals, in which policyholders 'reciprocate' in sharing risks, and
#loyds organiFations.
The types of risk that a captive can underwrite for their parents include property
damage, public and products liability, professional indemnity, employee benefits,
employers liability, motor and medical aid expenses. The captive's exposure to such risks
may be limited by the use of reinsurance.
About Company
Bajaj Allianz Life Insurance Company Ltd
Contact Information
Address (1 *laFa, Airport Road, Jerawada, *une, 8aharashtra, India, A!! ++,
2ontact ;o. *hone ;o?<K/! $+= A+$ ,666, 0ax?<K/! $+= A+$ ,6"/,
1mail I)? lifeLbaaallianF.co.in

2ontact *erson 2ustomer 2are
)esignation 8arketing :ead
Company Information
Industry Insurance
;o 3f
1mployees
G+++ Above
Incorporation
)ate
Man !, !/"G
Turnover *lease contact 2ustomer 2are for more details
7ranches All India
*roducts
7aa AllianF #ife Insurance 2o. #td. is a oint venture between two
leading conglomerates5 AllianF A(, one of the world's largest insurance
companies, and 7aa Auto, one of the biggest $ and G wheeler
manufacturers in the world. 7aa AllianF #ife Insurance Is the fastest
growing private life insurance company in India 2urrently has over
G,++,+++ satisfied customers >e have customer care centers in !%% cities
with $"+++ Insurance 2onsultant providing the finest customer service.
3ne of India's leading private life insurance companies. *lease visit our
2ustomer 2are 2enter closest to you and let us have your feedback,
comments and suggestionsN Jou may also fill5in our feedback form
online or email us at? lifeLbaaallianF.co.in
2ategories Insurance, Insurance Advisers, Insurance consultant
Why Us?
7aa AllianF #ife Insurance 2ompany #imited is a @nion between AllianF 91,
one of the worldEs largest #ife Insurance companies and 7aa Auto, one of the biggest $5
O5 G wheeler manufacturers in the world.
AllianF 91 is a leading insurance conglomerate globally and one of the largest
asset managers in the world, managing assets worth over a Trillion 1uros <3ver R.
%%,++,+++ crores=. AllianF 91 has over !!% years of financial experience in over 6+
countries.
7aa Auto is one of the most trusted name is Indian auto for over %% years. At
7aa AllianF customer delight is our guiding principle. 1nsuring world5class solutions by
offering customiFed products with transparent benefits, supported by best technology is
our business philosophy.
IR)A 2ertificate
Tie @ps with 7anks
AllianF (roup
7aa (roup
7aa AllianF (eneral
Accelerated Growth
Fiscal Year No. of policies sold in FY
New Business in FY
(Rs. in cr.)
$++!5$++$<, mths= $!,G6, 6
$++$5$++G !,!%,/,% ,/
$++G5$++A !,",,AAG !"+
$++A5$++% $,"",!"/ "%6
$++%5$++, 6,"!,,"% $6!6
$++,5$++6 $+,6/,$!6 A$6+
2hannel *artners
Standard Chartered Bank


Contact Number :
+$$ $A/$ """"

E-mail Address:
customer.careLin.standardchartered.com

www.syndicatebank.com
Syndicate Bank


Contact Number :
+$+ A+$, 6A$

E-mail Address:
insurancedivLsyndicatebank.net
Placement Sales and Services Ltd.

Contact Number :
+A"65$G"",,,,$G"%/$$ Tele 0ax 5
$G"",,,

E-mail Address:
placementssLrediffmail.com

Address: Regency 2entre, 4alavary
Road, >est 0ort, Thrissur PA 4erala,
India

www.teamlifecare.in
Team Life Care Co. (India) Ltd.

Contact Number :
+A$6 5 $A!+6+6Q $A$+6+6Q Tele 0ax 5
$A$!$A%

Address: %H!!", Jercaud 8ain Road,
2hinnakollapatti, 9A#18 5 ,G,++".
www.gemoney.in
GE Money

Address:AA, )#0 2orporate *ark
Rutab 1nclave, *hase 5 G (urgaon 5
!$$++$, :aryana
India
Ernestine Consultants Pvt Ltd.


Contact Number :
+"+5 A+GA !/// 0ax5 +"+ 5 A+GA !/$+

Address: !+!!, Ist 0loor Grd 2ross, !Gth
8ain :A# $nd 9tage, Indira ;agar
7angalore5%,++G"

www.cosmosbank.com
COSMOS Co-op BANK Ltd.
Contact Number : +$+ $A""+%!
E-mail Address : infoLcosmosbank.in
UNIT LINKED
8arket linked insurance plans invest the premium in to the equity, debt and cash
markets by the way of allocating units, which like any other mutual fund have a ;AS
and the customer is free to switch between one fund class to another depending on the
risk factor he wishes to be in. @#I*s offer a better return than the traditional endowment
plans and offer a great deal of flexibility along with great returns making them the finest
product offering. >e at 7aa AllianF #ife Insurance have developed a number of @#I*
products, which range from single premium to a regular premium option along with
investment funds ranging from index funds to mid5cap funds and debt market linked
funds.
Regular Premium
;ew @nit (ain 9uper
@nit (ain *lus (old
;ew 0amily (ain
;ew @nit (ain *lus
2entury *lus
;ew @nit (ain
Joung 2are
Joung 2are *lus
;ew 9ecure 0irst
Single Premium
;ew @nit (ain *remier 9*
;ew @nit (ain *lus 9*
PENSION
Annuity
*ension (uarantee

Retirement
0uture Income (enerator
9warna Sishranti
;ew @nit(ain 1asy *ension *lus R*
;ew @nit(ain 1asy *ension *lus 9*
0uture 9ecure
Immediate annuity *lans from 7aa AllianF #ife Insurance.
*ension (uarantee
Future Income Generator
Swarna Vishranti
New UnitGain Easy Pension Plus RP
New UnitGain Easy Pension Plus SP
Future Secure
HEALTH
At 7aa AllianF #ife Insurance we offer unique hospitaliFation5cum5insurance
plan that takes care of your hospitaliFation bills and also provides crucial financial
support to your dependents in case of your unfortunate death.
3ur health insurance plans offer a sound protection to safe guard your family
from any medical emergencies and will make sure that financial problems are least of
your worries in trying to get yourself treated.
>e offer cash less 8ediclaim facility across $+++ hospitals in over G++ towns and
provide best treatment in the finest hospitals with our health insurance products.
2are 0irst
:ealth 2are

Bajaj Allianz is now No 2.
(hosh has steered the company into the second place in terms of premium income
among private life insurers. The company mopped up premiums of Rs A/A.+% crore <Rs
A./A billion= for the eleven months ended 0ebruary $++%, which is a growth of GGG per
cent.
In the process 7aa AllianF has displaced 7irla 9un#ife Insurance 2ompany,
which had been in the second position for the past couple of years. 7irla 9unlife
witnessed a growth of /%.6, per cent in premium income in the period, mopping up Rs
A"A.%A crore <Rs A."A billion= as per the figures released by the Insurance Regulatory and
)evelopment Authority.
If one were to look into the numbers, however, about Rs !// crore <Rs !.//
billion= of 7aa AllianF's total premium income comes by way of single5premium
policies. As per international standards, one needs to take ust !+ per cent of this figure.
This coming to a little less than Rs $ crore <Rs $+ million=, would bring down 7aa
AllianF's total premium calculation.
In comparison, 7irla 9unlife's single5premium income amounts to about Rs !,
crore <Rs !,+ million=, and that for I2I2I -(et Ruote. *rudential #ife Rs !!A crore <Rs
!.!A billion=.
;evertheless, since (hosh took over from Mames >alton on Manuary ! last year,
7aa AllianF was at seventh place among private players.
The name change from AllianF 7aa #ife to 7aa AllianF #ife was ust one of the
marketing wheels (hosh set into motion that helped 7aa AllianF #ife improve business.
>ith the change in leadership, 7aa AllianF adopted a decentralised approach whereby
Tthere are mini5213s in each city, who are empowered to take most decisions,T said
(hosh.
1ach branch has been empowered with better arsenal in terms of an expanded
product portfolio with the introduction of various unit5linked plans, as they eye higher
ticket customers to grow the topline. T>e have told our individual branches to
benchmark themselves with the competition within their city, instructing them to be
among the top three,T said (hosh.
>hat 7aa AllianF did to ensure its being on the top was to set up itself in a large
number of towns where the only competitor was the #ife Insurance 2orporation of India.
3ver the last one year, 7aa AllianF has established presence in over G++ centres as it
adopted the hub and spoke business model. It boasts of having the largest set up in the
private sector.
T3ur strategy has been to focus and move into small towns, where we would only
be competing with #I2 -(et Ruote.,T said (hosh. The idea is to bring down costs in
terms of salaries and real estate rentals. 0urther, the high $+5$% per cent attrition rates in
the insurance sector are not an issue in small towns where ob opportunities for
employees are not as high, he added.
ICICI PRUDENTIAL INSURANCE
Introduction
I2I2I *rudential #ife Insurance 2ompany is a oint venture between I2I2I 7ank 5
one of India's foremost financial services companies5and prudential plc 5 a leading
international financial services group headquartered in the @nited 4ingdom. Total capital
infusion stands at Rs. G6.6$ billion, with I2I2I 7ank holding a stake of 6A& and
*rudential plc holding $,&.
>e began our operations in )ecember $+++ after receiving approval from Insurance
Regulatory )evelopment Authority <IR)A=. Today, our nation5wide team comprises of
over /%A branches in addition to !,+!% micro5offices, over $/,,+++ advisorsQ and $! banc
assurance partners.
I2I2I *rudential was the first life insurer in India to receive a ;ational Insurer 0inancial
9trength rating of AAA <Ind= from 0itch ratings. 0or three years in a row, I2I2I
*rudential has been voted as India's 8ost Trusted *rivate #ife Insurer, by The 1conomic
Times 5 A2 ;ielsen 3R( 8arg survey of '8ost Trusted 7rands'. As we grow our
distribution, product range and customer base, we continue to tirelessly uphold our
commitment to deliver world5class financial solutions to customers all over India.
Company Promoters:
ICICI Bank:
I2I2I 7ank #imited <;J91?I7;= is India's largest private sector bank and the
second largest bank in the country, with consolidated total assets of U!$! billion as of
8arch G!, $++". I2I2I 7ankEs subsidiaries include IndiaEs leading private sector
insurance companies and among its largest securities brokerage firms, mutual funds and
private equity firms. I2I2I 7ankEs presence currently spans !/ countries, including India
Prudential Plc:
1stablished in #ondon in !"A", *rudential plc, through its businesses in the @4,
1urope, @9, Asia and the 8iddle 1ast, provides retail financial services products and
services to more than $+ million customers, policyholder and unit holders and manages
over V$,6 billion of funds worldwide <as of )ecember G!, $++6=. In Asia, *rudential is
the leading 1uropean life insurance company with life operations in 2hina, :ong 4ong,
India, Indonesia, Mapan, 4orea, 8alaysia, the *hilippines, 9ingapore, Taiwan, Thailand,
and Sietnam. *rudential is one of the largest retail fund managers for Asian sourced
assets ex5Mapan. Its fund management business has expanded into ten markets,
comprising of 2hina, :ong 4ong, India, Mapan, 4orea, 8alaysia, 9ingapore, Taiwan,
Sietnam and @nited Arab 1mirates.
Vision and Mission Statement:
Their vision is to make I2I2I *rudential #ife Insurance 2ompany the dominant
new insurer in the life insurance industry. This they hope to achieve through their
commitment to excellence, focus on service, speed and innovation, and leveraging our
technological expertise.
The success of the organiFation will be founded on its strong focus on values and
clarity of purpose. These include?
@nderstanding the needs of customers and offering them superior products and
service building long lasting relationships with their partners providing an enabling
environment to foster growth and learning for their employees and above all building
transparency in all our dealings.
They believe that they can play a significant role in redefining and reshaping the
sector. (iven the quality of their parentage and the commitment of their team, they feel
that there will be no limits to their growth.
Board of Directors
The ICICI Prudential Life Insurance Company Limited Board comprises
reputed people from the finance industry both from India and abroad.
Ms.Chanda D. Kochhar, 2hairperson
Mr. N. S. Kannan, )irector
Mr. K. Ramkumar, )irector
Mr. Barry Stowe, )irector
Mr. Adrian O`Connor, )irector
Mr. Keki Dadiseth, Independent )irector
Prof. Marti G. Subrahmanyam, Independent )irector
Ms. Rama Bijapurkar, Independent )irector
Mr. Vinod Kumar Dhall, Independent )irect
Mr. V. Vaidyanathan, 8anaging )irector O 21
Product Profile:
Various ICICI Life Insurance Plans.
Education Insurance Plans:
9mart 4id ;ew @nit5linked
Regular *remium
9mart 4id ;ew @nit5linked
9ingle *remium
9mart 4id Regular *remium
Wealth Creation Plans:
>ealth Advantage
#ife9tage Assure
#ifeTime (old
#ife#ink 9uper
#ife9tage R*
Premium Guarantee Plans:
Invest 9hield #ife ;ew
Invest 9hield 2ash7ank
Protection Plans:
*ure *rotect
#ife (uard
9ave 'n' *rotect
2ashbook
:ome Assure
Retirement Solutions:
#ife 9tage *ension
#ifeTime 9uper *ension
#ife#ink 9uper *ension
0orever#ife *lan
Immediate Annuity
Health Coverage Plans
:ealth 9aver
8edi Assure
:ospital 2are
2risis 2over
2ancer 2are
)iabetes 2are Active
)iabetes Assure
SHARES OF DIFFERENT PLAYERS
Name of Company Number of Insurers
LIC of India 66
Bajaj Allianz 8
ICICI Prudential 7
HDFC 4
Max New York Life Insurance 1
Birla Sun Life 1
Kotak Life Insurance 4
ING Vysya 2
Others 7
Total shares of All Players 100
Objective of the Study
A Study on Health Care Policy of Bajaj Allianz Life Insurance Co. Ltd
& ICICI Prudential Life Insurance.
!. :as been undertaken in this study with the following obectives.
$. To highlight historical background of #ife Insurance.
G. To examine the funds, income and position of the :ealth Insurance business
of 7aa AllianF #ife O I2I2I *ru life Insurance
A. To analyFe the need of customers according to they are financial and age
status.
%. To provide the interpretations and solutions to satisfy the need of customers.
,. To study the various :ealth plans of 7aa AllianF #ife and suggest an
appropriate plan to the customer.
6. To conduct a need survey to know the opinions of the customers from the
market segment.
Limitations of the Study
!. The study is predominantly based on secondary data. :ence the limitation of
secondary data is also limitation of this study.
$. )ue to lack of information, much calculation could not be made impossible.
G. *reparation a proect report is also expensive activity, which cannot easily be
afforded by each student.
A. 7aa AllianF being a new player in the Insurance sector, it was difficult to
gather the information of the game.
%. )ifficult to explain the questionnaire of need survey to customers.
,. )ifficulty in interpreting the results of need survey.
Bibliography
Sharma D. D. : Marketing Research
Schiffman Leon G. : Consumer Behaviour
Kotler Philips :Marketing Management
Websites:
www.google.com
www.wikipedia.com
www.bajajallianzlife.com
RESEARCH METHODOLOGY
Research methodology is a systematic and scientific approach in attain the purpose of
research it contain systemic steps to attain use full conclusion.
The various aspect of the research methodology followed for the studies are following.
RESEARCH DESIGN
A research design is the arrangement of conditions for collections and analyFing
of data in a manner that aims to combine relevance to research purpose with economy in
procedure. There the research design followed was a descriptive design. It includes
survey and fact P findings inquiries of different kinds.
DATA COLLECTION METHODS
7asically two types of data exits?
*rimary )ata
9econdary )ata
*rimary )ata collections are composed both questionnaires and interviewing. A
structured questionnaire was prepared which contained both open5ended questions
and closed ended questions.
Sampling Plan:
9ample @nit ? 9agarEs Respondent
9ample 9iFe ? %+
S.W.O.T Analysis
Strength:
I2I2I *rudential is 3ne of the largest financial institutions of
India.
8oney power, which makes them ignorant about the gestation
period.
8otivation factors provided by the 2ompany.
9ervice quality, which is the crux of their mission.
A huge data base of corporate clients, retail customer, and bank
customers of I2I2I.
:ighest paid up capital deposited in IR)A, in comparison to all
players.
Training provided to all people associating with I2I2I *rudential.
Weakness:
:igh targets for financial advisors and for the sales departments.
8any competitors in the market offer same product by the title
difference in the premium and offerings.
Sery huge premium of policies.
*roblematic to advisors also.
9ustainable to risk associated with investments in money market.
Opportunities:
:ealth insurance and pension schemes, an estimated market
potential of approximately U!% billion.
Tie up with more corporate agents all over India. And Tie up with
broker <agent= also.
9trong brand of company helps to boost sales in market.
Attract more people of providing customer centric products.
Threats:
*layers like 7aa and 7irla 9un life with low premium for the
similar plans.
*eople are not aware of different distribution channels.
Threat from existing insurance players.
Threat from new entrants.
2hanges in the policy of IR)A.
Questionnaire
;ame of 9tudent?
87A
!. >hich type of sector do you preferW
a= ;ationaliFe b= *rivate
$. >hat is your interest regarding savingW
a= 7ank b= *ost 3ffice c= Insurance
G. >hat is 9ource of AwarenessW
a= AdvisorHAgent b= ;ewspaper c= T.S.HInternet
A. >hich type of *olicy do you want to takeW
a= @#I* b= 1ndowment c= :ealth 2are *olicy
%. >hich type of investment do you likeW
a= 9hort term b= long term
,. 0or which period you insuredW
a= !+ year b= $+ year c= whole life
6. >hat is your experience regarding insuranceW
a= 9atisfied b= ;ot satisfied c= ;o answer
0 10 20 30 40 50 60 70
NAME OFCOMPANY
LIC
Bajaj Allianz
ICICI Prudential
HDFC SLIC
Birla Sun Life
!ta" Life in#uran$e
I%& '(#(a
)a* %e+ ,!r" Life In#uran$e
N
O
.

O
F

I
N
S
U
R
E
R
S
SHARES OF DIFFERENT COMPANY
Suggestions:
8ost of the people are interested on 9um Assured and Additional benefits and
some people are interested in minimum premium, hence company has to
formulate those policies which are mostly preferred by customers and prospects.
Rural people are not interested and they are not understanding about life
insurance. 9o, if the company concentrates on rural area and to make awareness
of them, then they can assure their life of benefit.
2ompany should make their products flexible for the convenience of their
customer and the companies should now try to identify the gap between current
level of customer service and customer expectations.
CONCLUSION
The management of 7aa AllianF #ife Insurance 2ompany #td has been able to
create good supervisory relationship with staff by providing sufficient information
about the goals of the hospital, the quality of services, and staffing problem that arise,
performance appraisal level is satisfactory and staff is loyal to their hospital.
I have seen performance appraisal of employee of 7aa AllianF #ife Insurance
2ompany #td and I saw result as follows? 5
S. No. Particular Agree Disagree
!. Regulatory of employee /%& %&
$. 7aa AllianF #ife Insurance 2ompany #td
*olicies and procedure of employee 6+& G+&
G. Training *rogramme ,%& G%&
A. *roper timing of employee /%& ;il
%. *unctuality in ob satisfaction /+& ;il
,. 1mployee relation with supervisor ,+& A+&
6. )epartmental coordination
(ood %+&
Sery (ood $+&
1xcellent !+&
*oor %&
And also employee get rewards time to time for their performance thus over all
performance appraisal of the 7aa AllianF #ife Insurance 2ompany #td is very good on
the basis of results.
Are you regular in your job?
0- 20- 40- 60- .0- 100-
A/ree
Di#a/ree
Serie#1
Do you satisfied with the Bajaj Allianz Life Insurance Company Ltd policies
and procedure?
0- 20- 40- 60- .0-
A/ree
Di#a/ree
Serie#1
Are Training and examination arranged by hospital enhance your skills?
0-
10-
20-
30-
40-
50-
60-
70-
A/ree Di#a/ree
Serie#1
Are you satisfied of your achievement in your job?
0- 20- 40- 60- .0-
A/ree
Di#a/ree
Serie#1
How does department coordination?
0-
10-
20-
30-
40-
50-
60-
/!!d 0er( /!!d e*$ellent 1!!r
Serie#1
How does departmental coordination?
0-
5-
10-
15-
20-
25-
30-
35-
40-
45-
)!nt2l( ,earl( Pr!3!ti!n %!ne
Serie#1
Do you give proper timing in Bajaj Allianz Life Insurance Company Ltd?
0-
10-
20-
30-
40-
50-
60-
70-
.0-
40-
100-
A/ree Di#a/ree
Serie#1
Are you punctual in your job?
0-
10-
20-
30-
40-
50-
60-
70-
.0-
40-
100-
A/ree Di#a/ree
Serie#1
Do you satisfied your relationship with your supervisor /administration?
0-
10-
20-
30-
40-
50-
60-
70-
A/ree Di#a/ree
Serie#1

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