2. Industry Profile.
3. Company profile.
4. Key strength.
6. Major Players.
7. Who can be FC ?
8. Work of FC.
Chapter- 2 Objective.
It is my proud privilege to express my sincere gratitude to all those who helped me directly or indirectly in completion of this project report. I am greatly indebted to Mr. …………. (……………. ) Mr. ………… …….(……..) for their support, guidance and valuable suggestions by which this work has been completed effectively and efficiently . These all contributions are of immense value. I owe thanks to Mr. ……………. for providing the required data to complete this project. Without which it is not possible to complete the project. Last but not least we are indebted to those entire people who indirectly contributed and whom this work should not have been possible. Endeavour has been made to make the project error free yet I apologies for the mistakes. ………………….
I hereby declare that his project report entitled “A DETAILED STUDY OF RECRUITMENT AND RETNETION STRATEGIES OF FCs IN LIFE INSURANCE INDUSTRY WITH A SPECIAL FOCUS TO HDFC SLIC” held at ……………, is the result of Original work Carried out by me during 40 Days. (……………) in intensive study of the field, for the award of the Degree of MASTER’S OF BUSINESS ADMINISTRATION. This Report has not been copied from anywhere, up to the best of my belief and knowledge. It has not been submitted anywhere else for Award of any other Degree/diploma.
“The most successful and admired life insurance company, which means that we are the most trusted company, the easiest to deal with, offer the vest values for money, and easiest the standards in the industry, In short, “ Them most obvious choice for all. ”
• Customer centric.
• People care.
• Team work.
• Joy and Simplicity.
Insurance can be defined as assurance for uncertainty. Insurance is about something going wrong. Its’ often about things going right.; One of the Wonders of human nature is that we never believe anything can actually go wrong.
The insurance sector in India has come a full circle from being an open competitive market to nationalization and back to liberalized market again. Tracking the development in Indian insurance sector reveals the 360 degree turn witnessed over a period of almost two centuries.
The business of life insurance in Indian in its existing form started in India in the year 1818 with the establishment of Oriental Life. Insurance Company in Calcutta. Some of the important milestones in life insurance business in India are.
1912: The Indian Life insurance Companies Act enacted as first statue to regulate the life insurance business.
1928: The Indian Insurance Compan9es Act enacted to enable the government to collect statistical information about life and non-life insurance businesses.
1938: Earlier legislation consolidated and amended to by the insurance Act with the objective of protecting the interests of the insuring public.
1965: 245 Indian and foreign insurers and provident societies take over by the central government and nationalized. LIC formed by an act of parliament viz. LIC. Act . 1956, with a capital...
Bibliography: 1965: 245 Indian and foreign insurers and provident societies take over by the central government and nationalized. LIC formed by an act of parliament viz. LIC. Act . 1956, with a capital contribution of Rs. 5 Crore from the government of India.
(up to Dec 2004) (US $ 18.30 bn.)
• Loan Disbursements Rs.669 billion
(up to Dec. 2004) (US $ 15.20 bn)
• Housing Units Financed 2.5 million.
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