Arpit Jain

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/


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THANKS

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Arpit Jain