Project on Fdi Flow in India

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A study of individual’s perceptions for insurance products 2009-2010
Submitted to: Prof. L Shridharan
By:
Ambika Singh 09BSHYD0068
Debasmita Chakraborty 09BSHYD0239
Gagandeep Singh Gujral 09BSHYD0276
Meenakshi Sharma 09BSHYD0447
Pratul Yadav 09BSHYD0582
Tanuj Thakker 09BSHYD0776

Section: B Semester: II

TABLE OF CONTENTS

* ACKNOWLRDGEMENT ……………………………………………………….. .. 3

* BACKGROUND……………………………………………………………………. 4

* RESEARCH METHODOLOGY…………………………………………………. 10

* QUESTIONNAIRE…………………………………………………………………. 12

* QUESTIONNAIRE ANALYSIS…………………………………………………... 15

* DATA ANALYSIS………………………………………………………………….. 22

* FACTOR ANALYSIS……………………………………………………………… 22

* CLUSTER ANALYSIS……………………………………………………………… 32

* CONCLUSION………………………………………………………………………. 39

ACKNOWLEDGEMENT

Behind every achievement lies an unfathomable sea of gratitude to those who had extended their support and without whom it would never had come into existence. To them we say our words of gratitude. We somehow feel that had if we not had the guidance from certain people along the way, we would have gotten lost in an abyss of confusion. So, it was with a heart filled with gratitude that we acknowledge their assistance. We would like to thank Prof. L. Shridharan who was the source of constant guiding light throughout the project. He has always motivated us to put our best foot forward by setting high standards for us. He directed us from the scratch how to make the report. Most importantly, we thank him for giving us this project as it was a good learning experience.

BACKGROUND OF INSURANCE INDUSTRY
Insurance may be described as a social device to reduce or eliminate risk of loss to life and property. Under the plan of insurance, a large number of people associate themselves by sharing risks attached to individuals. The risks which can be insured against include fire, the perils of sea, death and accidents and burglary. Any risk contingent upon these, may be insured against at a premium commensurate with the risk involved. Thus collective bearing of risk is insurance.

CHARACTERISTICS OF INSURANCE
1. Sharing of risks
2. Cooperative device
3. Evaluation of risk
4. Payment on happening of a special event
5. The amount of payment depends on the nature of losses incurred.
INSURANCE INDUSTRY: CLASSIFICATION

INSURANCE

LIFE INSURANCE GENERAL INSURANCE

Life Insurance Marine Insurance Mediclaim Motor Vehicle

TYPES OF INSURANCE
Insurance industry in India is broadly classified as-
*
* Life Insurance: - policies protect individuals against the risk of life. Life 100 Insurance policies not only protects the insured’s family against his death but also provides a good means to avail tax benefit, avail loans from banks and acts, as a good saving tool to meet future needs.

* General Insurance: - on the other hand protects the property and casualty by covering losses from disasters and accidents thereby protecting from property damage and liability, providing the means for victims to resume their lives and businesses and contribute to the economy.

HISTORY OF INDIAN INSURANCE

Insurance has a long history in India. Life Insurance in its current form was introduced in 1818 when Oriental Life Insurance Company began its operations in India. General Insurance was however a comparatively late entrant in 1850 when Triton Insurance company set up its base in Kolkata.

History of Insurance in India can be...
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