Documentos de Académico
Documentos de Profesional
Documentos de Cultura
BACHELOR OF COMMERCE
(BANKING & INSURANCE)
SEMESTER- VI
(2011-2012)
SUBMITTED
IN PARTIAL FULFILLMENT OF THE REQUIREMENT
FOR THE AWARD OF DEGREE OF BACHELOR OF
COMMERCE- BANKING & INSURANCE
BY
RIDDHI.S.VAGAL
T.Z.A.S.P.MANDALS
PRAGATI COLLEGE OF ARTS & COMMERCE
NANDIVALI ROAD,
DOMBIVLI (E)
WOMEN INSURANCE
BACHELOR OF COMMERCE
(BANKING &INSURANCE)
SEMESTER- VI
(2011-12)
SUBMITTED
IN PARTIAL FULFILLMENT OF THE REQUIREMENTS
FOR THE AWARD OF DEGREE OF BACHELOR OF
COMMERCE BANKING & INSURANCE
BY
RIDDHI.S.VAGAL
SEAT NO.
T.Z.A.S.P.MANDALS
PRAGATI COLLEGE OF ARTS & COMMERCE
NANDIVALI ROAD,
DOMBIVLI (E)
DOMBIVLI (E)
CERTIFICATE
(2011 2012)
(Dr. A. P. Mahajan)
Principal
External Examiner
DECLARATION BY GUIDE
Date:-
I, the undersigned Mrs.Jyoti Jangir have guided Ms. Riddhi .S. Vagal
for her project; she has completed the project WOMEN INSURANCE
successfully.
I hereby declare that the information provided in this project is true as per
the best of my knowledge.
Thanking you,
Yours Faithfully
DECLARATION BY INVESTIGATOR
Date:-
I, Ms. Riddhi .S. Vagal the student of B.COM (Banking & Insurance)
Semester VI (2011-2012) hereby declare that I have completed the project
on WOMEN INSURANCE
ACKNOWLEDGMENT
At the outset, I would like to thank Almighty GOD for his shower of
blessings. The desire of completing thisresearch project was given by my
guide Prof. Mrs. Jyoti Jangir. I am very much thankful to her for the
guidance, support and for sparing her precious time from a busy and
hectic schedule.
I would fail in my duty if I dont thank my parents and brother who are
pillars of my life and my friends who have always supported and
motivated me. Finally, I would express my gratitude to all those persons
who directly and indirectly helped me in completing my research project.
RIDDHI.S.VAGAL
TABLE OF CONTENT
SR. NO.
CONTENT
1.
EXECUTIVE SUMMARY
2.
ABBREVIATION
3.
LIST OF TABLE
4.
LIST OF FIGURE
5.
CHAPTER 1- INTRODUCTION TO
BANKING
6.
7.
8.
9.
10.
BIBLIOGRAPHY& WEBLIOGRAPHY
11.
ANNEXURE
PG. NO.
EXECUTIVE SUMMARY
ABBREVIATION
LIST OF TABLE
TABLE
NAME OF TABLE
PG.
NO.
4.1
NO.
RECENT
INNOVATION
IN
LOANS
&
ADVANCES
4.2
4.3
LOAN PROCEDURE
4.4
CUSTOMERS
PRIORITY
TOWARDS
LOAN/ADVANCES
4.5
ADVANTAGES
BANK
&
DISADVANTAGES
TO
LIST OF FIGURES
FIGUR
NAME OF FIGURE
NO.
NO.
4.1
4.2
4.3
LOAN PROCEDURE
4.4
4.5
PG
1.1
WHAT IS INSURANCE?
1.2
MEANING OF INSURANCE
1.3
BASIC DEFINITION
1.4
1.5
1.6
TYPES OF INSURANCE
1.7
FEATURES OF INSURANCE
1.8
BENEFITS OF INSURANCE
1.9
ADVANTAGES OF INSURANCE
1.10
DISADVANTAGES OF INSURANCE
1.11
1.12
RESEARCH METHODOLOGY
It simply means that a large group of people who want to insure against a
particular loss pay their premiums into what we will call the insurance
bucket, or pool. Because the number of insured individuals is so large,
insurance companies can use statistical analysis to project what their
actual losses will be within the given class. They know that not all
insured individuals will suffer losses at the same time or at all. This
allows the insurance companies to operate profitably and at the same time
pay for claims that may arise. For instance, most people have auto
insurance but only a few actually get into an accident. You pay for the
probability of the loss and for the protection that you will be paid for
losses in the event they occur.
1.3 DEFINITION
4. Correct distribution of cost:Insurance helps maintain correct distribution of cost. Every businessman
tries to pass on to the customer all types of costs including accidental and
losses also. In the various fields insurance such losses are correctly
estimated keeping in view a vast number of factor bearing on them. In the
absence of insurance these losses and costs would be assessed and
distributed only by guess work.
5. Promotion of saving:Saving is a device of preparing for the bad consequences of the future.
Insurance policy is often very suitable way of providing for the future.
This type of policy is found particularly in life assurance. It promotes
savings by making it compulsory which has a beneficial effect both for
the individual and nation.
6. Reduction of the chances of loss:Insurance companies spends large sums of money with a view to finding
out the reasons of fire accidents, theft and robbery and suggest some
measure to prevent them. They also support several medical programmed
in order to make the public safety minded. Without such losses preventive
activities if insurance companies, the chances of loss would have been
greater than they are at present days.
7. Solution of social problems:Insurance serves as a useful device for solving complex social problems
e.g. compensation is available to victims of industrial injuries and road
accident while the financial difficulties arising from old age, disability or
death are minimized. It thus enables many families and business unites to
continue intact even after a loss.
8. Productive utilization of funds:Insurer accumulates large resources from the various insurance funds.
Such resources are generally invested in the country, either in the public
or private sector. This facility considerably in overall development of the
country.
9. Insurance as an investment:A life policy is a combination of protection and investment which serves
a useful purpose. The premium that the insured pays go on accumulating
in a fund every year. The sum of accumulated by the insurance company
earn interest. Under life assurance a person may also invest his capital in
a annuity which will pay him an income every year till death. Therefore,
insurance may be regarded as an investment.
10. Removing Fear:Insurance helps to remove various types of fear from the mind of the
people. The insured is secured in the knowledge that the protection of the
insurance fund is behind him if some sad event happens. It thus creates
confidence and eliminates worries which are difficult to evaluate, but the
benefit is very real.
6. Health Insurance
The following are the objectives under taken for the present study titled
Women Insurance.
Primary Data:
I have collected the primary data on this topic from the customer survey.
Firstly I prepared the well-structured questionnaires and get it fill from 30
Secondary Data:
I have collected the secondary data from books and some data from net.
Sample size:
Sample size refers to the number of time to be selected from the customer
to constitute a sample size should be optimum. The sample size of the
survey conducted for 30 women customer.
2.1
2.2
2.3
2.4
2.5
2.6
2.7
if one parent dies. Women live longer than men. Majority of women are
likely to leave alone by the time they reach 85. Most women have
reduced access to social security after retirement. Insurance can be an
affective way of taking care of retirement expenses.
With life insurance a woman can make sure her family is cared for,
whatever happens.
Adequate life insurance can replace a womans income, remove
uncertainty and help guarantee her familys financial security. Life
insurance can protect a womans future insurability as she gets older. If
married, her coverage will help protect her husband and, possibly,
children. If a woman remains single, her life insurance can accumulate
cash value to help provide a secure retirement. A cash value life insurance
policy can help accumulate funds on a tax-advantaged basis to
supplement other retirement income.
2.4 INSURANCE FOR WOMEN DIVIDED INTO THREE
CATEGORIES
For the purpose of womens products, the Insurance Industry divides
women into three categories: Working women or earning women.
The women having the fixed income from interest, dividends,
rent, or from any other source.
The housewives who do not have any source of income.
The treatment to the first 2 categories is similar to that of their male
counterparts, that is, the same insurance products can be offered to both
men & women. Homemaker is one large group of women in India. Let us
focus first on the needs of this most important group. Many a time it is
argued that homemakers do not require life insurance as they are not the
earning members and their loss would not result in financial stress.
However, it has been found that it is not true. In fact, it has been found
that it adds up to significant cost to get the services of homemakers
through third party and hence require life insurance for homemaker
women also.
Plan provides lump sum if the policyholder survives for 30 days after the
diagnosis of the critical illness or certain congenital disorder.
Unique feature of this plan is children education bonus for the future
education of the children of the policyholder and job loss.
INSURANCE ESPECIALLY DESIGNED FOR WOMAN OF
TODAY
Regular investment and savings plan:
Investments along with critical illness benefits which provide good
returns, long term saving and protection incase of a medical
emergency
Investment plans with accidental coverage
Childrens education planning
Specialized retirement income plans for homemakers to provide a
secure and financial future.
Plans for the Confident Girl Child Each girl child should have an
equal opportunity to prove her worth in society. This can only happen
when she is given the right to good education. Her and parents dream can
become a reality with help from Bajaj Allianzs Child education plans,
which help a parent secure education for their child.
Bajaj Allianz Child Gain a special plan offers a wide array of solutions
that allows you to plan for your daughters future, including schooling,
higher education and marriage and also takes care of any uncertainties
that may happen along the way.
Plans for the Confident Young Lady As a young, confident woman,
you are either studying to make your career or are earning your own
living and are financially independent. Bajaj Allianz offers many
products, which help check, plan and keep all the finances in order, as
well as take care of the other needs. Bajaj Allianz UnitGainPlus
Gold and Bajaj Allianz Young Care are two plans that help you enter the
Capital Markets with no fear.
Premium:
Premiums at yearly intervals are payable throughout the term of the
policy or till earlier death. After at least two full years premiums have
been paid, full insurance cover is available even when premiums are not
paid for up to three years. Premium for congenital disability benefit
ceases at policy anniversary after the life assured completes the age of 40
years.
per thousand Sum Assured annually at the end of each financial year.
Once declared, they form part of the guaranteed benefits of the plan. A
Final (Additional) Bonus may also be payable provided a policy has run
for certain minimum period.
Post-delivery complications
A still-born child,
Death of the mother during childbirth
Miscarriage, infanticide, any defect that is not congenital
Malfunctioning of any organ and defect manifesting after 200 days
of the delivery
4.2
4.3
4.1TABLE
CUSTOMER RESPONSE
SR. NO.
Awareness
Of
Women
Insurance
AWARE
NOT AWARE
63%
37%
4.1 FIGURE
4.2TABLE
MOST PREFERABLE TYPE OF WOMEN INSURANCE
SR.NO
Types
Of
Women
Insurance
CUSTOMER RESPONESE
Life
Health
Maternity
Critical
illness
40%
30%
20%
10%
4.2 FIGURE
HEALTH
MATERNITY
CRITICAL ILLNESS
10%
20%
40%
30%
4.3 TABLE
INSURANCE COMPANIES
CUSTOMER RESPONSE
LIC
BAJAJ
ICICI
ALLIANCE LOMBARD
50%
20%
18%
APOLLO
MUNICH
TATA
AIG
6%
6%
4.3 FIGURE
6% 6%
18%
50%
20%
4.4 TABLE
SR.NO
Purpose
Of
Taking
Women
Insurance
CUSTOMER RESPONSE
Security
Tax
Benefits
Savings
78%
10%
12%
4.4 FIGURE
SAVINGS; 12%
TAX BENEFITS; 10%
SECURITY; 78%
FINDINGS
SUGGESTION
CONCLUSION
Once theyre done taking care of their spouses, parents and children, most
of these women are left to take care of themselves. That should be okay
if their resources are still intact. Unfortunately, this is rarely the case.
When a woman provides care for her family she does not only assist them
physically but financially, as well. So when its her turn to receive care
there is barely anything left in her nest egg. This is the reason every
woman is encouraged to buy long term care insurance for women can
never let go of their responsibilities to their families no matter how heavy
these can get.
BIBLIOGRAPHY
SR.NO
.
NAME OF
BOOK
NAME OF
AUTHOR
PUBLICATIONS
1.
WEBLIOGRAPHY
www.nos.org/srsec319/319-35.pdf
www.rbidocs.rbi.org.in
www.articles.economictimes.indiatimes.com - by economic
times on May 10, 2011.
www.banknetindia.com
www.nos.org/srsec319/319-33.pdf
www.echow.com/about_6570240_difference_between_loans_ad
vances.html
www.scribd.com/doc/5494692/Introduction-of-loans-andadvances
ANNEXURE