PREFACEBachelorofBusiness AdministrativeisasteppingstonetotheManagementcareer. It has pleasure in presenting this research project which is essential in partialfulfillment of programme.Researchprojectisanintegralpartofcurriculumanditspurposeistoprovidethestudent with the practical skills required perform the survey and statistical toolThisresearchproject makethestudyIII!amilyfloaterplan. asaperformancegiven "y people to mutual fund while investment find out the perception of investorregarding different financial.ACKNOWLEDGEMENTI am really happy and e#ited in represent this summer trading project "efore you.Imust e#pressmygratitudetowards$AR%& '()RTI('*T+. forgivingmean opportunity to works with on this report. And of course I am very much thankfulto our honora"le Mr.'ummer Ray ,-R./(T 0)I+(1 for giving me opportunity andhis guidance helps me throughout preparing this report.At last I am also thankful to my friend2 to all known and unknown individualhave who have given me their constructive advise2 educative suggestion2encouragement2 cooperation an and motivation to prepare this project.ABSTRACTThis project titled 3 Aproject report on the performance of $AR%A&A**IA4( I4')RA4( .M-A4&with its industrial competitors5 !.)'(' onsomeofthekey issueslikecompetitive positionthekarvay hold2thestrengthsandweakness of the company insurance schemes consumer2 awareness2 customerperception etc.The sample si6e for this study is 789.This research carried out this study isdescriptive research. -rimary data are collected from the client of various insurancecompanies through a strutted undisguised questionnaire. 'econdary data are gatheredfromthewe"siteof $AR%A&andother companies for thepurposeof makingacomparative analysis.The finding of the study were arrived at "ased on the analysis at the "ased onthe analysis conducted. 'ome of the major findingof the studyrelate increasednecessity $AR%A&andpriority tohave auto:car andhealth insurance cover "ymajorityof therespondent . 'ome of thesuggestionof the studyare tomakeamendment in the premium rates to maintain the promptness in the claim settlementprocedure to introduces additional insurance covers and create more awareness a"outthe product.INTRODUCTIONIII -rudential *ife Insurance ompany is a joint venture "etween III Bank2 oneof the foremost financial services companies of India and prudential plc2 one of theleading international financial services group headquartered in the )nited $ingdom.III -rudential was amongst the first private sector life insurance companies to "eginoperations in+ecem"er 8999after receivingapproval frominsurance regulatorydevelopment Authority ,IR+A1.III -rudential *ife;s capital stands at Rs. 9 rores ,as of 'eptem"er ?92 89791with III Bank and prudential plc holding =2 theorgani6ation;sfocusonrural"usinesshasproveditscomple#project e#ecution capa"ility and strong partnership for customer servicing.In /une2 899D III -rudential *ife Insurance has decided to snap its tie up with TT$Eealthcare to settle insurance claims of its users.III -rudential;slifeinsuranceproducts may"elooselycategori6edunder fourformsC *ife plans ,further categori6ed in to term plans and wealth plans12 hild plans2Retirement plans and Eealth plans.)nder *ife Insurance plan category it offers term plans like iCprotect online term plan2III pru -ureC-rotect and III -ru *ife 0uard2 and )*I- Fealth plans like IIIpru *ife 'tage Fealth 2 III -ru *ife *ink Fealth 'p 2 III -ru -innacle super etc.)nder the hild:(ducation plan ategory it offers products like III -ru smartkidregular premium and III -ru 'martkid premier.)nder the Retirement Insurance plan category it offers products like III -ru !orever*ife G III -ru *ife *ikn -ension '-.)nderThehealthInsuranceplancategoryitoffersproductslikeIII-ruEealth'aver G III pru Eospital are II..ffer that muchCneeded protection. 'aving plan takes care of market conditions andsecures your investments. It is a systematic and sure way of fulfilling dreams.INSURANCE POLICYAt III Bank2 Fe understand your financial needs. Along with deposit andloan products2 we offer you the facility to invest in *ife Insurance2 0eneral Insurance..ur 3Buy .nline5 feature provides you the ease and convenience of completing yourtransactions entirely online without having to move of your desk.'ecure your family;s health2 insure yourself against medical emergencies whentravellinga"road2 insureyour vehicleandyour homewithour general Insurance-olicies. Buy them online in a matter of minutesC 'ave your time and your moneyH*ife Insurance -olicies gives your family the promise of protectionI secure theirfuture even when you are not around to take care of them. *ife Insurance is a uniqueinvestmenttoolthathelpsyoutomeetyourdualdeedsCsavingforlife;simportantgoals2 and protecting your assets. 4ow "uy life insurance at the click of "utton.INSURANCE PLANEI*+ -*A4As parents you would never let money come in the way of fulfillment of your children;s true potential. .ur child plans allow your children to dream "ig and soar high.R(TIR(M(4T -*A4*et your golden years "e the most precious of your life2 full of freedom and choice. .ur Retirement plans will let you live the life deserve.-R.T(TI.4 -*A4As the primary earning mem"er2 make sure that your family is never lacking in anything even if you are not around. (#plore our protection plans hat guarantee ma#imum protection at a low cost.Eealth -*A4The health of every mem"er of the family is precious and you need to safeguard it on priority. )se our health plans to make sure your family stays fit and fine.'A%I40 -*A4Insurance acts as a secure tool to ma#imi6e your savings and FAMILY FLOTER HEALTH INSURANCE&ou can Buy Eealth Insurance G get ta# "enefit on the premium paid under section >9+ of the income Ta# Act'um insured in floater policy is shared across family mem"ers it is less e#pensive thanindividual policy.!loater policy is good for young family with low health risk.&ou can "uy comprehensive health insurance policy that covers you2 your spouse and ? dependent children up to the age of 8B years.&ou can increase the sum insured only at the time of renewal of the insurance policy2 su"ject to company approval.&ou can get reim"ursement for preC and postChospitali6ation medical e#penses incurred towards the ailment: disease for which hospitali6ation was medically necessary prior to hospitali6ation and after discharge.-reC e#isting disease mean a disease or a condition e#isting in a person "efore the acceptance of the risk "y insurance company. The insured or a person "uying the policy may or may not "e aware of these conditions.A waiting period is the length of time the insured may have to wait "efore "eing eligi"le for Eealth -olicy "enefits.&ou get up to 79@ cumulative "onus for every claimCfree year accumulating upto B9@.&ou can save up to 8B@ "y comparing plans offered "y different companies..ur service is completely free G we are paid "y insurance companies directly.Fe offer free cash collection in +elhi for policy where premium is over Rs.8999.&ou an always contact us for any insurance query 2 even if you haven;t "ought insurance policy from us.!AMI*& !*.AT(R E(A*TE I4')RA4( -.*I& -R(MI)MTAB*(-remium for 7 year plans in Rupees-lan details -lan AIndividual -lan B8 Adults -lan 8 Adult G 7 $id -lan +8 Adult G 8 $id -lan (7 Adult G 7 $id -lan !7 Adult G 8 $idAge of senior most family mem"er 7 *ac 8 *ac ? *ac 8 *ac ? *ac < *ac 8 *ac? *ac< *ac 8 *ac ? *ac < *ac 8 *ac ? *ac < *ac 8 *ac? *ac < *acBC7> &rs. 72=D9 72DD9828D9 - - - - - - -- --- --- - - - - - -19-35 Yrs2,490FAMILY FLOTER INCLUDING PARENTS&ou can "uy health insurance G get ta# "enefit on the premium paid under section>9+ of the Income ta# Act. &ou can cover up to A dependents including your parents:or onClaws in Eappy !amily floater policy. &ou can save up to 8B percent "ycomparing plans offered "y different companies. .ur service is completely free G weare paid "y insurance companies directly. we offer free cash collection in +elhi forpolicy where premium is overRs. 8999. &ou can always contact us for any insurancequery2 even if you haven;t "ought insurance policy from us.FAMILY PROTECT PREMIER INSURANCEA comprehensive Eealth Insurance policy that ensureJ -oorey parivaar ki poori suraksha. 'ecure your family against financial emergencies during sudden illness2 surgery and accidents as well as against terrorist activities.!amily protect premier Insurance plan lets you share the entire sum insured among the family mem"ers covered under the policy2 without any individual upper limits. )nderstand the !loater oncept$ey Benefitsomprehensive coverage for your family with floater "enefit ashless claims facility at over