Preview

Internship Report

Powerful Essays
Open Document
Open Document
4788 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Internship Report
i

ACKNOWLEDGEMENTS

I would like to express my sincere thanks to Religare Insurance Broking Ltd., Delhi for giving me the opportunity to carry out the Summer Internship Program in their organization. The whole period spent with the organization has been of immense learning experience about the Indian Insurance Market.

Preparing a project of such a kind is not an easy task in itself and I am sincerely thankful to all those people who help me lot, in preparing and completing this project.

I am grateful to Religare Insurance Broking Ltd. who has given me this opportunity to carry out the project “Understanding the functioning of an Insurance Broker” .

I sincerely thank to Mr. Gaurav Gupta (ABVP, Religare Insurance Broking Ltd., Delhi) for providing me this valuable learning opportunity.

Finally I would like to thank Mr Sumit Verma my project supervisor without his help and guidance the completion of this project would have become difficult task.

An overview about Insurance

Everyone is exposed to various risks. Future is very uncertain, but there is way to protect one’s family and make one’s children’s future safe. Life Insurance companies help us to ensure that our family’s future is not just secure but also prosperous. Life Insurance is particularly important if you are the sole breadwinner for your family. The loss of you and your income could devastate your family. Life insurance will ensure that if anything happens to you, your loved ones will be able to manage financially. This study titled “Study of Consumers Perception about Life Insurance Policies” enables the Life Insurance Companies to understand how consumer’s perception differs from person to person. How a consumer selects, organizes and interprets the service quality and the product quality of different Life Insurance Policies, offered by various Life Insurance Companies.

Insurance is a tool by which fatalities of a small number are compensated out of funds (premium payment)



References: ----------------------- Jaspreet Kaur Sethi (4843)

You May Also Find These Documents Helpful

  • Good Essays

    London Insurance Market is the oldest market in the world. There are two classes of people and firms involved in the markets: insurers or provider of capital, and brokers or intermediaries between customers and insurance company. In order to be sustainable and efficient, the London Insurance Market is making great changes in such a complex business environment. The problem is that the London Insurance Market systems and practices have remained unchanged for hundreds of years; changes are not easy to make for its modernization.…

    • 538 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Shetcliffe, J. (2007, February). Strategic management. Insurance Brokers ' Monthly and Insurance Adviser, 57(2), 20,22. Retrieved October 11, 2007, from ABI/INFORM Global database. (Document ID: 1218918781).…

    • 1170 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    We would like to thank Dr. Shalini Trivedi, our faculty guide her keen interest in the project, extended timely help, cooperation, ideas and constructive criticism that helped us complete the project to the best of our ability in the available time frame.…

    • 8095 Words
    • 33 Pages
    Powerful Essays
  • Good Essays

    Since insurance is a highly specialised and technical subject to what most people think. It is also very complex and even seasoned practitioners like us continue to encounter new issues that sometimes can catch us by surprise. To better serve our clients, we are continuously mapping out our initiatives and projects for 2012 and the coming years especially the three units who were highlighted in this study- Marketing, Claims and Operations.…

    • 1303 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    This report is a crucial resource for industry executives and anyone looking to access key information about “ICICI Lombard General Insurance Company Limited”…

    • 516 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Tata Aig Life Insurance

    • 1092 Words
    • 5 Pages

    Indian Insurance industry is shifting gears, from selling policies through personalised touch of neighbourhood insurance agents to dissemination of information online, the new approach to selling insurance is in bridging the gap between customers & companies and bringing everyone together on one platform using the online medium.…

    • 1092 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Birla Sun Life Insurance

    • 2438 Words
    • 10 Pages

    “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.” Terms in Insurance Sector:    Sum assured: Refers to the amount for which the insurance cover is taken. Death benefit: The amount received from the insurance company on the death of the insured is known as death benefit. Riders: They are additional benefits that are added on to an insurance policy to make it more compatible to the needs of the policyholder. Riders are generally applicable only for life insurance and not for general insurance.  Surrender Benefit: The sum of money an insurance company…

    • 2438 Words
    • 10 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Insurance sector has become more dynamic and critical for thriving existence in today’s uncertain world. Selling insurance as a product is a lot difficult in practicality as it looks theortically. One has to get an insight into this field to resolve it.Working for such objective will definitely hone us and once accomplished it provides a great satisfaction of fulfillment. It also helps us to understand the real organizational problems, perceptions and challenges. This will add a very useful knowledge to our repertoire in the form of knowledge about the nitty-gritty of one of the most promising sectors in India i.e the banking and insurance sector.…

    • 9851 Words
    • 40 Pages
    Satisfactory Essays
  • Powerful Essays

    Project Report on Icici Pru

    • 12091 Words
    • 49 Pages

    Based on this report, the prospecting insurance customers would get help in choosing the right insurance products for themselves.…

    • 12091 Words
    • 49 Pages
    Powerful Essays
  • Powerful Essays

    Methodology:  Secondary data is used for the requirement of the assignment. Secondary sources are:  Internet  Insurance journal  Newspapers and magazines  Prospectus of insurance companies  Annual report of insurance companies  Different insurance related published articles  Textbook on insurance and risk management  We also collect primary data through an interview by developing a questionnaire from various branches of insurance companies. At first we collect the related data, arrange group meetings analyzing and discussing the data, and then make a format as authorize by our course teacher to present this assignment. Limitations of the study: In…

    • 21222 Words
    • 85 Pages
    Powerful Essays
  • Powerful Essays

    I am obliged to Mr. Kalpesh Vaidya (Associate Partner at Aditya Birla Insurance Group Mumbai Area, India), Mr. Vinod Sawant&Mr. Raghunathan for the valuable information and guidance provided by them. I am grateful for their active participation and patience to listen and answer my questions during the period of my summer internship in their organisation.…

    • 6511 Words
    • 27 Pages
    Powerful Essays
  • Powerful Essays

    I recently have completed my internship in State Life Insurance Corporation OF Pakistan,Group & Pension, Lahore Zone in which I got training from its different departments.The structure, the fashion of working & the dedication of the employees in SLIC is reallycommendable. State Life Insurance Corporation OF Pakistan (SLIC) has a solidfoundation since 1972 in Pakistan, and main objective is to provide its customers withsafe, secure and trustworthy service through wide range of products.In this report I have given a very brief review of Profile of State Life InsuranceCorporation OF Pakistan, all the products provided by the SLIC and in this regard I havetried to give all the information of SLIC.Then I have discussed about my learning in entire internship in all departments of StateLife Insurance Corporation OF Pakistan. During my internship I worked in Underwriting,Claims and Accounts department and I successfully completed all the task/duties thatwere assigned to me. I have made it possible to write each and every thing that I have…

    • 9759 Words
    • 40 Pages
    Powerful Essays
  • Powerful Essays

    new product release ppt

    • 3460 Words
    • 25 Pages

    I am deeply thankful to my project guide Mr. NITIN JOSHI for his valuable guidance, kind advice and encouragement throughout the duration of developing this project.…

    • 3460 Words
    • 25 Pages
    Powerful Essays
  • Powerful Essays

    The report is a partial requirement of the course Risk Management & Insurance (FIN 410). That is why our honorable instructor assigned us to do a term paper on Reliance Insurance Company Limited. The report is conducted based on the financial statement and the website of the company. This report is a reflection of what we have learned in between the course.…

    • 2288 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Reinsurance in India

    • 568 Words
    • 3 Pages

    The placement of reinsurance business from tbe Indian market is now governed by Reinsurance Regulations formed by the IRDA. The objective of the regulation is to maximize the retention of premiums within the country and to ensure that IRDA has issued the following instructions: • Placement of 20% of each policy with National Re subject to a monetary limit for each risk for some classes • Inter-company cession between four public sector companies. • Indian Pool for Hull managed by GIC. • The treaty and balance risk after automatic capacity are to be first offered to other insurance companies in the market before offering it to international re-insurers. • Each company is free to arrange its own reinsurance program, which has to be submitted to the IRDA 45 days before commencement.…

    • 568 Words
    • 3 Pages
    Good Essays

Related Topics