Performance Analysis of Hdfc Standard Life Insurance Company Limited

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A REPORT ON
INSTITUTIONAL TRAINING
UNDERWENT AT
HDFC STANDARD LIFE INSURANCE COMPANY LIMITED

BY
R.V. UDAYAKUMAR
(REGISTER NO: 30707058)

DEPARTMENT OF COMMERCE
FACULTY OF SCIENCE AND HUMANITIES
SRM UNIVERSITY
KATTANKULATHUR

BATCH: 2007-2010

CERTIFICATE

This to certify that the project work on institutional training underwent at HDFC STANDARD LIFE INSURANCE COMPANY LIMITED submitted by R.V. UDAYAKUMAR in partial fulfillment on the curriculum of Bachelor of commerce (Batch: 2007-2010) SRM University, kattankulathur.

HEAD OF DEPARTMENT FACULTY IN CHARGE

EXTERNAL EXAMINER INTERNAL EXAMINER

ACKNOWLEDGEMENT

I express my gratitude to Mr. T.P. VARGESE LINSON, General Manager for permitting me to undergo Institutional training at HDFC STANDARD LIFE INSURANCE COMPANY LIMITED. I express my sincere gratitude to the Director and the Dean for their support in doing the project report. I express my sincere thanks to Mrs. PADMA SHANKAR, Head of the Department of Commerce for her support in the completion of my report.

My heartfelt thanks to Mr. JOTHI, Lecturer in commerce and all other staff members of the Department of Commerce for their guidance in helping me to prepare the report

Thanks to God almighty, parents and my friend for supporting me in every step to complete my project successfully.

Date: Signature of student PLACE: KATTANKULATHUR R.V. UDAYAKUMAR

CONTENTS

CHAPTER| TITLE| PAGE NO|
1| INTRODUCTION| |
2| COMPANY PROFILE| |
3| PERFORMANCE ANALYSIS| |
4| CONCLUSION| |

INTRODUCTION

Chapter – I
INSURANCE

Insurance in its basic form is defined as “ A contract between two parties whereby one party called insurer undertakes in exchange for a fixed sum called premiums, to pay the other party called insured a fixed amount of money on the happening of a certain event." Definition of insurance

In simple terms it is a contract between the person who buys Insurance and an Insurance company who sold the Policy. By entering into contract the Insurance Company agrees to pay the Policy holder or his family members a predetermined sum of money in case of any unfortunate event for a predetermined fixed sum payable which is in normal term called Insurance Premiums. Insurance is basically a protection against a financial loss which can arise on the happening of an unexpected event. Insurance companies collect premiums to provide for this protection. By paying a very small sum of money a person can safeguard himself and his family financially from an unfortunate event. Insurance is basically a protection against a financial loss which can arise on the happening of an unexpected event. Insurance companies collect premiums to provide for this protection. By paying a very small sum of money a person can safeguard himself and his family financially from an unfortunate event. For Example if a person buys a Life Insurance Policy by paying a premium to the Insurance company , the family members of insured person receive a fixed compensation in case of any unfortunate event like death. There are different kinds of Insurance Products available such as Life Insurance, Vehicle Insurance, Home Insurance, Travel Insurance, Health or Mediclaim Insurance etc. ORIGIN OF INSURANCE

General Insurance:
Almost 4,500 years ago, in the ancient land of Babylonia, traders used to bear risk of the caravan trade by giving loans that had to be later repaid with interest when the goods arrived safely. In 2100 BC, the Code of Hammurabi granted legal status to the practice. That, perhaps, was how insurance made its beginning: The Great Fire of London in 1666, in which more than...
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