SYNOPSIS ON Comparison of Ifko Tokio General Insurance Company Plans and ICICI Lombard General Insurance Company Plans

IN THE PARTIAL FULLFILLMENT OF REQUIREMENT FOR THE AWARD OF DEGREE IN BBA (BACHELOR OF BUSINESS ADMINISTRATION)

BABA FARID COLLEGE, DEON (BATHINDA)

SUBMITTED BY: Beant Kaur ID- 102261028

COMPANY PROFILE IFFCO Tokio deals in general insurance and it is the sister concern of Edelweiss Tokio. IFFCO-Tokio General Insurance (ITGI) was incorporated on 4th December 2000 with a vision of being industry leader by building customer satisfaction through fairness, transparency, and quick response. It is a joint venture between the Indian Farmers Fertilizer Co-operative (IFFCO) and its associates and Tokio Marine and Nichido Fire Group, the largest listed insurance group in Japan. IFFCO Tokio General Insurance has Pan India presence with 65 'Strategic Business Units' and a wide network of over 120 Lateral Spread Centres and 255 Bima Kendras. It offers a wide range of uniquely customized policies covering a wide range of customers, from farmers to some of India's largest automobile manufacturers. From a modest Rs 213 Crores of GWP (Gross Written Premium) in 2001-02 it has achieved an impressive Rs 2248.16 Crores in 2011-12, thereby becoming one of India's leading private players. Edelweiss Tokio Edelweiss Tokio life insurance is a new generation insurance company, set up with a start up capital of INR 550 Crores, thereby showing our commitment to building a long term sustainable business focused on a consumer centric approach. The company is a joint venture between Edelweiss financial services, one of Indias leading diversified financial services companies with business straddling across credit, Capital markets, Asset management, Housing finance and insurance and Tokio marine holdings Inc, one of the oldest and the biggest insurance companies in Japan now with presence across 39 countries around the world. As a part of the companys corporate philosophy of customers centricity, our products have been developed based on our understanding of Indian customers diverse financial needs and help them through all their life stages.

OBJECTIVE / PURPOSE OF STUDY Comparison of motor insurance plans of Ifko Tokio and ICICI Lombard. To check how many people take General Insurance?

SCOPE OF THE STUDY Today the General Insurance plan becomes very popular among the people, as people are more concern about their life and vehicles that they can maintain same level of status in society and will able to meet their various losses and expenses. This plan eliminates the losses or damages occur to vehicles or their owners by any accident or any mishappening.

RESEARCH METHODOLOGY: Population: 50 Sample size: 20 Sampling Method: Probability Sampling Data Sources: Primary data and Secondary data

PROJECT GUIDE INFORMATION Name: Mr. Vijay Contact Address: V Solution Services SC0 177, Top Floor Sector 37- C Chandigarh. Contact No.: 91 9041021010, E-Mail Id: www.vsolutionservices.com INFORMATION FOR BFC A. Guest Lectures: - Mr. Sameer Edelweiss Tokio SCO 2447-48 , Second Floor, Above Raj Paper Mart, Near Nukar Dhaba , 22c, Chandigarh. Contact No.: 8699021710 E-mail Id:- samaryan81@gmail.com

B. Management Development Programs: - Ms Sneha Rana Edelweiss Tokio SCO 2447-48, Second Floor, Above Raj Paper Mart, Near Nukar Dhaba, 22 c, Chandigarh. Contact No.: 09041762498 E-mail Id:-sneharana1710@gmail.com