Life Insurance Comparative
CONTENT
1. INTRODUCTION 6
2. EXECUTIVE SUMMARY 7
3. OBJECTIVE OF THE STUDY 8
4. COMPANY PROFILES 9-13
5. DEPARTMENT OVERVIEW 15-17
6. INSURANCE FUNCTION 18-20
7. SOME TERMS ABOUT ULIP PLANS 21-23
8. PRODUCT PROFILE 24-44
9. TAXATION BENEFIT 45-48
10. COMPARATIVE STUDY OF DIFFERENT FIRMS 48-51
11. RESEARCH METHODOLOGY 52-54
12. CONCLUSION & RECOMMENDATION 55
13. BIBILOGRAPHY 56
5 INTRODUCTION
The project started with class room sessions involving lectures and interactions with the mentors Mr. Sanchit Sachdeva (SDM) and Mr. Hridesh Chauhan (BM). They explained all the plans available with HDFC SLIC in detail and the pension plan comparison of BIRLA SUN LIFE, BAJAJ ALLIANZ & LIC.
The classroom also involved role plays and games. The role plays and games involved students being asked to play the roles of customers or clients and that of a person trying to persuade the customer to go in for a plan with HDFC SLIC.
These class room lectures and role-plays helped me to gain a substantial understanding of the plans. This in turn helped me to effectively explain these plans to people whom I meet or took appointment to meet.
The connect of life insurance has undergone several changes over the years and what has myriad array of attractive options apart from the basic of life cover. Life insurance schemes also offer tax benefits. In today’s scenario life insurance solves the three objectives.
1. Security
2. Saving
3. Tax Benefit.
6 EXECUTIVE SUMMARY
This project is based upon the fact & figure gathered from the websites about the plans of the firm.
In the first part of the report there are some plans which are frequently sold by HDFC SLIC in the market, and then comparative study of pension plan of different
1. INTRODUCTION 6
2. EXECUTIVE SUMMARY 7
3. OBJECTIVE OF THE STUDY 8
4. COMPANY PROFILES 9-13
5. DEPARTMENT OVERVIEW 15-17
6. INSURANCE FUNCTION 18-20
7. SOME TERMS ABOUT ULIP PLANS 21-23
8. PRODUCT PROFILE 24-44
9. TAXATION BENEFIT 45-48
10. COMPARATIVE STUDY OF DIFFERENT FIRMS 48-51
11. RESEARCH METHODOLOGY 52-54
12. CONCLUSION & RECOMMENDATION 55
13. BIBILOGRAPHY 56
5 INTRODUCTION
The project started with class room sessions involving lectures and interactions with the mentors Mr. Sanchit Sachdeva (SDM) and Mr. Hridesh Chauhan (BM). They explained all the plans available with HDFC SLIC in detail and the pension plan comparison of BIRLA SUN LIFE, BAJAJ ALLIANZ & LIC.
The classroom also involved role plays and games. The role plays and games involved students being asked to play the roles of customers or clients and that of a person trying to persuade the customer to go in for a plan with HDFC SLIC.
These class room lectures and role-plays helped me to gain a substantial understanding of the plans. This in turn helped me to effectively explain these plans to people whom I meet or took appointment to meet.
The connect of life insurance has undergone several changes over the years and what has myriad array of attractive options apart from the basic of life cover. Life insurance schemes also offer tax benefits. In today’s scenario life insurance solves the three objectives.
1. Security
2. Saving
3. Tax Benefit.
6 EXECUTIVE SUMMARY
This project is based upon the fact & figure gathered from the websites about the plans of the firm.
In the first part of the report there are some plans which are frequently sold by HDFC SLIC in the market, and then comparative study of pension plan of different