Insurance

Type :

Theses

Pages :

28 pages

Format :

.doc

Published date :

03/05/2009

Category :

Economics & finance

Sub category :

Finance

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Summary :

Introduction.
1. What is insurance?
2. The insurance industry
Objectives.
1. Primary objectives.
2. Secondary objectives.
Methodology.
1. Selection of a sample.
2. Types of sampling.
3. Collection of data.
4. Analyzing the data.
Limitations.
Industry profile.
1. History.
Insurance Regulatory Authority (IRDA).
Riders and options: Personal accident benefits.
1. Terminal illness.
2. Dreaded disease benefit.
3. Major surgical assistance.
4. Wavier of premium.
5. Hike sum assuracne.
Some do's and don'ts.
1. Children's polices.
2. Back dating a policy.
3. Loans.
4. kickbacks.
Benefits of insurance.
Company profile.
1. Areas of business.
2. Benefits of the polices given.
3. Impact of liberalization.
4. Customer service.
5. Production innovation.
Topic of the profile.
1. Information technology and insurance.
2. Some areas of future growth in HDFC.
Value addition to the company.
Analysis of the data.
Interpretation.
Findings.
Conclusion.

Abstract

Life insurance is a necessity and not an investment. There is no substitute for life cover, none whatsoever, it is the only mean of providing security to your near and dear ones against your untimely death or to yourself against your old age. The yield on investment is of no importance. The compulsory saving aspect is only of physiological value and all individuals should avoid the compulsion. It is a necessity, if and only if, the demise of the breadwinner of the family would put immense financial pressure on the family members left behind.

However, if that is not the case, leave insurance alone, every product has its cost and so does insurance. Do not buy a product you do not need. Excessive insurance injures financial health. Carry out a cost benefit exercise and also assess your human life value before entering insurance. Get a truthful and unsentimental answer to 'Do I need a life-cover?' it is necessary to insure only protectible life value. In your effort to provide for the future of your family, do not rob its present.