Topics: Insurance, Life insurance, Investment Pages: 74 (20500 words) Published: August 28, 2013
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Chapter – I
Introduction of the Study Purpose of the Study Scope of the study Research Methodology Limitations 3 4 5 6 7

Chapter – II
Industry Profile Company Profile Product Profile 9 - 17 18 - 24 25 – 29

Chapter – III
Conceptual Framework Working Mechanism 32 – 41 42 – 48

Chapter – IV
Data analysis and Interpretation ULIPs vs. Mutual Funds ULIPs vs. Traditional Policies Similarities b/w ULIPs vs. MF & ULIPs vs. Traditional Policies 50 – 65 66 – 72 73 – 76 77

Chapter – V
Findings from the study Conclusions Bibliography Appendices 79 80 81 82


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Project powered by INTRODUCTION
Life Insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured’s death. In return, the policy owner (or policy payer) agrees to pay a stipulated amount called a premium at regular intervals. Life Insurance is a contract for payment of money to the person assured (or to the person entitled to receive the same) on the occurrence of the event insured against.

Usually the contract provides for:
1. Payment of an amount on the date of maturity or at specified periodic intervals or at death if it occurs earlier. 2. Periodical payment of insurance premium by the assured, to the corporation who provides the insurance.

Who can take Life insurance policy?
1. Any person above 18 years of age, who is eligible to enter into valid contract, 2. Subject to certain conditions a policy can be taken on the life of a spouse or children. Now life insurance policies are available in two types: 1. Traditional policies: 2. Unit linked insurance plans(ULIP5):

Now ULIPs are food in market:
ULlP stands for Unit Linked Insurance Plan. It provides for life insurance where the policy value at any time varies according to the value of the underlying assets at the time. ULIP is life insurance solution that provides for the benefits of protection and flexibility in investment. The investment is d8noted as units and is represented by the value that it has attained called as Net Asset Value (NAV). ULIP came into play in the 1960s and became very popular in Western Europe and Americas. The reason that is attributed to the wide spread popularity of ULIP is because of the transparency and the flexibility which it offers. As times progressed the plans were also successfully mapped along with life insurance need to retirement planning. In today’s times, ULIP provides solutions for insurance planning, financial needs, financial planning for children’s future and retirement planning. These are provided by the insurance companies or even banks. These investments can also be used for tax benefit under section 80C.


Project powered by PURPOSE OF STUDY:
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To study the concept and working mechanism of ULIPs Reasons why ULIPs get thumps up Reasons for investing systematically To study in detail about two ULIP product of Bajaj Allianz Life Insurance Co Ltd To make a comparison between Mutual Funds & ULIPs To study the comparison between Traditional Policies & ULIPs To understand the relationship between Mutual Funds & ULIPs and Traditional Policies & ULIPs To have an awareness of IRDA Guidelines with respect to ULIPs


Project powered by SCOPE OF STUDY: The project entitled “ULIP as an Investment Avenue” is a detailed study about the inception of the concept of Unit linked insurance policies and its working mechanism. The study is confined only to the analysis about the ULIPS and its effectiveness in comparison with the traditional policies and the Mutual funds. The Scope is limited only to the detailed understanding of the two products of the Bajaj Allianz.


Project powered by RESEARCH METHODOLOGY Sources of data Data collection is of two types...

Bibliography: ICFAI Journal Outlook Money Magazine Websites:
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