“GROUP INSURANCE”

Bachelor of Commerce

B.com (Banking & Insurance)

Semester VI

(2015-16)

Submitted by:

HERAMB SURENDRA LANJWAL

Seat No:

T.Z.A.SHIKSHAN PRASARAK MANDAL’S

PRAGATI COLLEGE OF ARTS&COMMERCE

Dombivli (East), Maharashtra- 421 201

Bachelor of commerce

Banking & Insurance

Semester VI

Submitted

In partial Fulfillment of the requirements for the Award of Degree of Bachelor of Commerce – Banking &

Insurance

By

HERAMB SURENDRA LANJWAL

Seat No:

T.Z.A.SHIKSHAN PRASARAK MANDAL’S

PRAGATI COLLEGE OF ARTS&COMMERCE

Dombivli (East), Maharashtra- 421 201

DECLARATION BY INVESTIGATOR

Date:-

I HERAMB SURENDRA LANJWAL, the student of B.COM BANKING & INSURANCE SEMESTER VI (2015-16) declare that I have

completed the project on GROUP INSUANCE

The information submitted is true and original to the best of my knowledge.

Thanking you,

Yours faithfully

LANJWAL HERAMB SURENDRA

DECLARATION BY GUIDE

Date:-

I the undersigned PROF.SWATI PUSALKAR have guide MR.LOKE

SAURABH SUHAS the student of B.COM BANKING & INSURANCE

semester VI (2015-16) I have completed his project on “IT IN

INSURANCE WITH REFERENCE TO LIC” successfully.

I hereby declare that the information provided in this project is true, as per the

best of my knowledge.

Thanking you,

Yours faithfully

(PROF.SWATI PUSALKAR)

T. Z. A. SHIKSHAN PRASARAK MANDAL’S

PRAGATI COLLEGE OF COMMERECE,

NANDIVLI ROAD, DOMBIVLI (EAST)

CERTIFICATE

(2015-16)

This is to certify that Mr. Loke saurabh suhas, Seat No: of B.com

Banking & Insurance Semester VI (2015-16) has successfully completed the

project on, “IT IN INSURANCE WITH REFERENCE TO LIC”, under the guidance of Prof. swati pusalkar.

Date :-

(Prof. Swati Pusalkar) (A. P. Mahajan)

Course Coordinator Principal

(Prof. Swati Pusalkar)

Project Guide / Internal Examiner External Examiner

ACKNOWLEDGEMENT

Apart from the efforts of me, the success of my project is totally

depends on encouragement and guidelines of many others. I take this

opportunity to express my view to the people who have been thankful in the

success of completion of this project.

I would like to show my greatest appreciation to my project guide Prof.

Swati Pusalkar without their encouragement, this project would not have

materialized.

The guidance and support received from all the persons who contributed

was very important for the success of the project.

Finally, I take this opportunity to extend my deep appreciation to my

family and friends for all they meant to me during the extremely important

times of completion of this project.

Student signature

Loke saurabh suhas

INDEX

SR.

NO.

CONTENT

1. EXECUTIVE SUMMARY

2. OBJECTIVE

3. RESEARCH METHODOLOGY

4. CHAPTER 1. INTRODUCTION OF INSURANCE

5. CHAPTER 2. INFORMATION TECHNOLOGY IN INSURANCE

6. CHAPTER 3. INFORMATION TECHNOLOGY IN LIC

EXECUTIVE SUMMARY

Homeowner's policy is a multiple-line insurance policy, meaning that it includes

both property insurance and liability coverage, with an indivisible premium,

meaning that a single premium is paid for all risks. In the U.S. standard forms

divide coverage into several categories, and the coverage provided is typically a

percentage of Coverage A, which is coverage for the main dwelling.

The cost of homeowner's insurance often depends on what it would cost to

replace the house and which additional endorsements or riders are attached to

the policy. The insurance policy is a legal contract between the insurance carrier

(insurance company) and the named insured(s). It is a contract of indemnity and

will put the insured back to the state he/she was in prior to the loss. Typically,

claims due to floods or war (whose definition typically includes a nuclear

explosion from any source) are excluded from coverage, amongst other standard

exclusions (like termites). Special insurance can be purchased for these

possibilities, including flood insurance. Insurance is adjusted to reflect the cost

of replacement, usually upon application of an inflation factor or a cost index

OBJECTIVE OF THE STUDY

To study the information technology in insurance.

To study Role of information technology in insurance.

To examine the benefits of information technology in insurance business.

To study IT applications of LIC.

RESEARCH METHODOLOGY

The methodology for the research study is descriptive and is as follows:-

RESEARCH APPROACH:- Quantitative Research.