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Principal Academic
Guide
Kota
Date:
INSTITUTE OF BUSINESS AND BIOSCIENCE
(Affiliated to University of Kota, Kota, Approved by
Government of Rajasthan)
CERTIFICATE
This is to certify that Vineet gautam a student of BBA II Year at ,
institute of business and bioscience , has completed Tanning
Project Report entitled “vis-à-vis competitors & Mutual Fund” at
BIRLA SUN LIFE Aerodram Circle ,Kota.
The project has been completed after study for one year in BBA
course and for partially fulfilling the requirements for award of
degree of Bachelor of Business Administration of University of
Kota, Kota.
The Training Project Report has been evaluated and viva-voice
conducted by the undersigned panel of examiners. The Training
Project Report has been completed under the guidance of “Miss.
Nandani sharma” of IBB and is as per norms and guideline
provided.
……………………. ..…………………….
Internal Examiner External examiner
Kota:
Date:
DECLARATION
Submitted by:
Vineet gautam
BBA-II Year
Acknowledgement:-
VINEET GAUTAM
Introduction
Introduction:-
The purpose of the project is to know about the market for Birla
Sun Life Insurace Company. Today overall market for insurance
industry is consider as 100% than only 30% market has covered
by insurance companies so there is 70% market is remaining for
insurance companies. Birla Sun Life Insurace Company is growing
very fast. In March month Birla Sun Life Insurace Company has
maximum business from its competitors.
Objectives:-
The prime objective of the study was to understand the market
and analysis the competitors.
Vision:-
To be a leader and role model in a broad based and integrated
financial services business.
Mission:-
To help people mitigate risks of life, accident, health, and
money at all stages and under all circumstances
Enhance the financial future of our customers including
enterprises
Values:-
Integrity
Commitment
Passion
Seamlessness
Speed
In India:-
:: A premier branded garments player
:: The second largest player in viscose filament yarn
:: The second largest in the chloral-alkali sector
:: Among the top five mobile telephony companies
:: A leading player in life insurance and asset management
:: Among the top three supermarket chains in the retail business
Management Team
Mr. Ajay Srinivasan
Managing Director
Prior to joining the Aditya Birla Group, Mr. Ajay Srinivasan was
associated with Prudential Corporation Asia, Thread needle Asset
Management, etc. at senior levels. With a proven track record
for building successful businesses, his experience in the financial
services industry spans almost two decades.
Board of Directors:-
Mr. Kumar Mangalam Birla
Chairman, The Aditya Birla Group
Mr. Birla is a Chartered Accountant and has also earned an MBA
(Masters in Business Administration) from the London Business
School, London.
He is the Chairman of the Aditya Birla Group, which is among
India's largest business houses. Among its major companies in
India are Grasim, Hindalco, UltraTech Cement, Aditya Birla Nuvo
and Idea Cellular and globally — Novelis, Minacs, Aditya Birla
Minerals, Aditya Birla Chemicals. Its JV operations include Birla
Sun Life Asset Management Company, Birla Sun Life Distribution
Co. Ltd and Birla Sun Life Insurance Co. Ltd.
The media has showered various accolades on him. Between
1997 to-date, India Today has named him among the top 5 in
their "High and Mighty" Power List and The Economic Times
among the top 10 most influential Leaders. The NDTV, Star Plus
"India Business Week" designated him as "The Businessman of
the Year". Global Finance has cited him among the 10 Super
Stars of Corporate Finance. Business World ranked him among
the top 10 of India's most admired and respected CEOs and the
top CEO of the coming millennium, and Hindustan Times named
him as "The Businessman of the Year" as well. He is also on the
Board of various companies.
INTRODUCTION TO INSURANCE:-
Basics of insurance
Meaning of Insurance:-
Definition:-
1907 - The Indian Mercantile Insurance Ltd. set up, the first
company to transact all classes of general insurance business.
Meaning Insurance
Insurance Company
Insurance Broker
Insurance Policy
Term Insurance
Insurance Claim
Mortgage Insurance
Insurance Coverage
On line Insurance
Affordable Insurance
Best Insurance
Insurance Premium
Insurance Risk
Insurance Information
Insurance Benefits
But also………
MUTUAL FUNDS
Mutual Funds:-
A security that gives small investors access to a well-diversified
portfolio of equities, bonds and other securities. Each shareholder
participates in the gain or loss of the fund. Shares are issued and
can be redeemed as needed.
The fund's net asset value (NAV) is determined each day. Each
mutual fund portfolio is invested to match the objective stated in
the prospectus.
It has been shown in study after study that a majority of mutual
funds fail to beat the market. Also, picking mutual funds purely
on the basis of past performance usually does not work.
Originally mutual funds were heralded as a way for the little guy
to get a piece of the market. Instead of spending all your free
time buried in the financial pages of the Wall Street Journal, all
you have to do is buy a mutual fund and you'd be set on your
way to financial freedom. As you might have guessed, it's not
that easy. Mutual funds are an excellent idea in theory, but, in
reality, they haven't always delivered. Not all mutual funds are
created equal, and investing in mutual isn't as easy as throwing
your money at the first salesperson who solicits your business.
Portfolio
Portfolio turnover
Non-taxable dividends
Open-end fund
Trust deed
Vulture fund
Introduction:-
Meaning of Recruitment:-
Recruitment Organization:-
Recruitment practices differ from one organization to another.
Some Organizations like public sector banks adopt centralized
recruitment whereas other organization resorts to decentralized
recruitment. Under centralized recruitment personal department
at the hade office performs all the functions of recruitment. Every
operating department sends requisitions or indents for
recruitment to there central office. On the other hand, each
department / unite carries out case of decentralized recruitment.
Sources Of Recruitment:-
External Sources:-
External sources of recruitment lie outside the organization.
These are as follows: -
Education and Training Institutions
➢ Recruiting Agencies.
➢ Employment Exchanges
➢ Labour Contractors.
➢ Gate Recruitment
➢ Similar Organizations
➢ Recommendations
➢ Press advertisements
Methods Of Recruitment:-
Recruitment methods or techniques are the means by which an
organization establishes contact with potential candidates,
provides them necessary information and encourages them to
apply for jobs. These methods are different from the sources of
recruitment. Sources are the locations where prospective
employees are available. One the other hand, methods are ways
of establishing links with the prospective employees. Various
methods employed for recruiting employees may be classified
into the following categories:-
The insurance act 1938 lies down that an insurance agent must
possess a license under section 42 of that Act. The licensed to be
issued by the IRDA. The IRDA has authorized designated
persons, in each insurance company to issue the licensed on
behalf of the IRDA. The free for the licenses of making an
applicant etc. Have describe in the IRDA regulations. A license
issued by the IRDA will be valid for three years. The license may
act an agent for a life insurer for a general or a “composite
insurance agent” working for a life insurer as well as general
insurer. No agent is allowed to work for more then one life
insurance or more then one general life insurance company. The
qualification necessary before a license can be given is that the
person (individual or corporate insurance executive) must.
After being licensed and forming their CRIGs, the agents start
selling. Three months into their insurance careers, most agents
qualify for a soft skills development programmed that
an accident.
➢ Verifiable identity documents of insured and beneficiary
➢ The policyholder’s beneficiary, through the Agent/NGO,
couriers these documents to the Icici Prudential Office.
Mumbai
➢ Claims are be settled by cheque in the name of the
beneficiary.
➢ NGO ensures receipt of the claim by beneficiary and liaises
with a local bank to open account.
Methodology
Meaning Of Research:-
Research is common parlance reference to search of knowledge.
One can also define research as scientific and systematic search
for pertinent information on specific topic. In fact research is a
art of scientific investigation Research is an academic activity and
as such the term should be used in technical sense. According to
Clifford woody research comprises defining and redefining
problems, formulating hypothesis or suggested solution;
collecting, organizing and evaluating data; making deduction and
reaching conclusion; and at last carefully testing the conclusion
to determine whether the fit the formulating hypothesis.
Title Of Research:-
Objectives Of Research:-
This Research focus on the acceptability and market perception
of the private insurances sector regarding the various insurance
policies and recruitment procedure adopted by Birla Sunlife
Insurance Co.
Significance Of Research:-
Every one put his/her time money effort because of some
signification.
• TO Birla Sunlife Insurance Co - As bank got valuable
Research Design:-
A research design is the arrangement of condition for collection
and analysis of data in a manner that aims to combine relevance
to the research purpose with economy in procedure. In fact the
research design conceptual structure with in research is
conducted.
Swot Analysis
Strength:-
➢ Financial rating of companies
➢ Flexibility of plans
➢ Highly co-operative & skilled staff.
➢ Sales oriented organization.
➢ Aggressiveness of sales force in selling products.
➢ The company has expertise in managing big business.
➢ Effective and wider distribution network.
➢ Product designed for each age group & every area of
personal.
➢ Birla Sunlife provide unique training program for insurance
Weakness:-
➢ Less coverage in rural areas.
➢ Less staff
➢ Lack in making follow – up.
➢ Lack of corporate agent.
➢ Lack of customer services.
➢ Lack of promotional activities.
Opportunity:-
insurance sector.
➢ Market is fully to capture because the branch has recently
market.
Threats:-
insurance sector.
Conclusion
Conclusion:-
Being a trainee at Birla Sunlife Insurance Co Kota, the project of
‘Analyzing the Segment of Recruiting Advisors’ concludes with
the following:
• Recruitment procedure of advisors is simple and effective.
• Recruitment of advisors is effective but there high employee
turnover due to target pressure. so recruitment are open
around the year.
• Most of Advisors are from commerce back ground.
• Charted accountant is the most effective person in the
insurance market.
• Students working at BSLI is more influenced with pinnacle
programs.
• The distribution network of BSLI is spreading like a fire in
jungle.
• In Kota district the awareness about the company & its
working is poor in Rajasthan.
• Advisors are getting motivated with the various programs
and new rewards given by the company for their
performance.
• Recruitments are sometimes based on the influence.
This sector has more opportunity to grow in Rajasthan, still big
Bibliography
Bibliography:-
1. www.Birlasunlife.com
2. www.Google.com
6. Product Broachers.
7. Hindustan times.