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7/30/2019 Arpit Jain
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Presented by-ARPIT JAIN
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COMPANY PROFILE
HDFC Standard Life insurance is India's premier insurance enabling company. HDFC
Standard Life insurance is the one-stop-shop for requirements of services in the areas
of insurance, optimum investment, financial coverage and losses, mortality benefit,
and health option etc. This is backed by HDFC Standard life insurance service support
infrastructure - the widest in the country.
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OBJECTIVES OF THE STUDY
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RESEARCH METHODLOGY
PERIOD OF STUDY
The study was under taken for a 3 months during MAR 5th to MAY 25th 2012. During
the period following steps are taken:
Objectives were set and questionnaire was finalized.
Data were collected and recorded
Data were analyzed and interpreted
Reports were generated
2.8. SAMPLING SIZE:
Due to time and resource constraint the sample size has been taken as 100 for survey.
In consultation with the company guide and the project guide.
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Experience No. Of respondents Percentage
Less Than 1yr 30 30
1-2yrs 45 45
2-5yrs 25 25
>5yrs 0 0
TOTAL 100 100
Experience Of Respondents
No. Of respondents
Less Than 1yr
1-2yrs
2-5yrs
>5yrs
INFERENCE: 45% of respondents have
1-2years experience, 30% of respondents
have less than 1year experience, 25% of
respondents have 2-5 years experience andnone of respondents have 5 years of
experience in HDFC life .
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Experience No. Of respondents Percentage
Less Than 1yr 30 30
1-2yrs 45 45
2-5yrs 25 25
>5yrs 0 0
TOTAL 100 100
No. Of respondents
Less Than 1yr
1-2yrs
2-5yrs
>5yrs
INFERENCE: 45% of respondents have
1-2years experience, 30% of respondents
have less than 1year experience, 25% of
respondents have 2-5 years experience andnone of respondents have 5 years of
experience in Appin Technology Lab.
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ANLAYSIS AND FINDINGS
From the analyzed data I could find that
The main source of the recruitment is through external sources i.e. through
advertisement.
The other source of recruitment is through references , natural market and consultants.
Maximum prospects fulfils all the criteria prescribed by the IRDA.
Research shows that the Financial Advisors generally belong to the age of 30-50 years
It is found that the company provides both types of training and mainly prospects goes
for the online training.
Every year company recruits as many as 50 Advisors in order to increase the sales force
of the company.
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LIMITATIONS
This Project Report is restricted only for the interviewed people.
Biased reply of the respondents like giving wrong information.
Non availability of the data or the relevant information of the respondent.
Sometimes it happens that the respondent was busy so as to get the information it becomes
difficult
The project is done in near by areas of the Meerut Branch of the company & therefore
findings of it may not be applicable in other areas.
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CONCLUSION AND SUGGESTION
It is found that in the last five years the Indian economy has progressed, which has
increased the average purchasing power & the insurance sector has contributed
significantly in this.
Since last five to six years many Private Company has entered in insurance sectors &
because of which the Indians are having number of options in front of them investing
their money & to safeguard the life.
While doing this project it is found that recruiting of the advisor is done by the Unit
Manager, and the parameters on which the advisors are to be recruited are :
Income Level
1.2lacs to 2 lacs per annumMarital StatusMarried
Ageabove 25 years
Minimum EducationGraduation
Staying in the same city for more than 5 years
The study of the profile of the advisor is depending on their industry background i.e.their work experience and the age wise distribution.
The level of awareness of the prospects about the private insurance company has
increased because of the heavy advertising ad marketing by the companies over the
period of time.
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BIBLIOGRPHAY
WEBSITES :
www.hdfcslic.com
www.insuranceguide.com
www.economictimes.com
BOOKS :
1)HUMAN RESOURCE MANAGEMENT : SHASHI K. GUPTA
2) PERSONNEL MANAGEMENT : C. B. MAMORIAL
JOURNALS & ARTICLES :
IRDA JOURNAL
BROUCHERS & REPORTS OF COMPANY
http://www.hdfcslic.com/http://www.insuranceguide.com/http://www.economictimes.com/http://www.economictimes.com/http://www.insuranceguide.com/http://www.hdfcslic.com/7/30/2019 Arpit Jain
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THANKS