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BSLI-Project Report Recruitment

Nov 18, 2014

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A Training Project Report Submitted in partial fulfillment of the requirements for the Award of the degree of Bachelor of Business Administration

University Of Kota, Kota (Raj.). Academic Session 2008-2010

SUBMITED TO:

SUBMITED BY:

Miss. Salini Chhabra HOD Of Mgmt. Dept. IBB College

Vineet gautam BBA : II Yr.

INSTITUTE OF BUSINESS AND BIOSCIENCE (Affilated from University Of Kota,KotaRaj.)

CERTIFICATEThis is to certify that vineet gautam a student of BBA II Year at institute of business and bioscience , has completed Training Project Report entitled vis--vis competitors & Mutual Fund at Birla Sun Life Insurance Aerodram Circle , Kota. The project has been completed after study for one year in BBA course and for partially fulfilling the requirements for award of degree of Bachelor of Business Administration of University of Kota, Kota. The Tanning Project Report has been completed under the guidance of Miss. Nandani sharma of IBB and is as per norms and guidelines provided.

Mrs. Aruna vyas Principal Guide

Miss. nandani Sharma Academic

Kota Date:

INSTITUTE OF BUSINESS AND BIOSCIENCE(Affiliated to University of Kota, Kota, Approved by Government of Rajasthan)

CERTIFICATEThis is to certify that Vineet gautam a student of BBA II Year at , institute of business and bioscience , has completed Tanning Project Report entitled vis--vis competitors & Mutual Fund at BIRLA SUN LIFE Aerodram Circle ,Kota. The project has been completed after study for one year in BBA course and for partially fulfilling the requirements for award of degree of Bachelor of Business Administration of University of Kota, Kota. The Training Project Report has been evaluated and viva-voice conducted by the undersigned panel of examiners. The Training Project Report has been completed under the guidance of Miss. Nandani sharma of IBB and is as per norms and guideline provided.

. Internal Examiner Kota: Date:

... External examiner

DECLARATION

I hereby declare that the present report entitled Report entitled RECRUITMENT at BIRLA SUN LIFE Aerodram circle, Kota. Is based on my original work and indebtedness to other work/publication has been duly acknowledged at relevant places.

Submitted by:Vineet gautam BBA-II Year

Acknowledgement:At the outset , I would like to thank BIRLA SUN LIFE INSURACE for giving me the approval to do this project in the organization ,I am grateful to Mrs. Aruna vyas (Principal of IBB) for the moral support, encouragement and generous assistance . No good work is complete unless and until it is guided by versed teacher. I wish my deep gratitude to my faculty guide Miss. Nandani Sharma whose able guidance helped me in all respects in presenting the report as best as can be. I am thankful to her for timely advices towards completions of this project. I shall be failing in my duty if I not express my thanks to the company guide Mr.Gopal Agrawal (Trainer) who undoubtedly helped me and without whose help the project would not have been completed. I would like to give my deep gratitude to various personalities in the company Ms. Vijay Rathore. Needless to mention again that I could complete my seminar report only because of the spirited guidance of the above persons who did not leave a single stone unturned in inspiring me during my project work .

VINEET GAUTAM

Introduction

Introduction:The purpose of the project is to know about the market for Birla Sun Life Insurace Company. Today overall market for insurance industry is consider as 100% than only 30% market has covered by insurance companies so there is 70% market is remaining for insurance companies. Birla Sun Life Insurace Company is growing very fast. In March month Birla Sun Life Insurace Company has maximum business from its competitors. In future life insurance sector going to give thousands of vacancies to the students so there is lots of opportunities for MANAGEMENT students. Because capture to remaining 70% market they require lots of men over. Students have to give their full efforts or 100% target in their summer internship program for getting good placements in life insurance sector.

Objectives

Objectives:The prime objective of the study was to understand the market and analysis the competitors. The survey was used to Understand the type of Life Insurance Policies desired by the customer. To find out the degree of awareness of life Insurance. To study the consumer behavior. To find out the market potential for life Insurance Policies in Kota. To learn professionalism in market of financial product and services.

To find prospects for the institution. To conduct the survey to know how many persons have Life Insurance Policies or how many dont have.

Company ProfileBirla Sunlife Insurance:-

Established in 2000, Birla Sun Life Insurance Company Limited (BSLI) is a joint venture between the Aditya Birla Group, a well known and trusted name globally amongst Indian conglomerates and Sun Life Financial Inc, leading international financial services organization from Canada. The local knowledge of the Aditya Birla Group combined with the domain expertise of Sun Life Financial Inc., offers a formidable protection for its customers future. With an experience of over 9 years, BSLI has contributed significantly to the growth and development of the life insurance industry in India and currently ranks amongst the top 5 private life insurance companies in the country. Known for its innovation and creating industry benchmarks, BSLI has several firsts to its credit. It was the first Indian Insurance Company to introduce Free Look Period and the same was made mandatory by IRDA for all other life insurance companies. Additionally, BSLI pioneered the launch of Unit Linked Life Insurance plans amongst the private players in India. To establish credibility and further transparency, BSLI also enjoys the prestige to be the originator of practice to disclose portfolio on monthly basis. These category development initiatives have helped BSLI be closer to its policy holders expectations, which gets further accentuated by the complete bouquet of insurance products (viz. pure term plan, life stage products, health plan and retirement plan) that the company offers. Add to this, the extensive reach through its network of 600 branches and 1,75,000 empanelled advisors. This impressive combination of domain expertise, product range, reach and ears on ground, helped BSLI cover more than 2 million lives since it

commenced operations and establish a customer base spread across more than 1500 towns and cities in India. To ensure that our customers have an impeccable experience, BSLI has ensured that it has lowest outstanding claims ratio of 0.00% for FY 200809. Additionally, BSLI has the best Turn Around Time according to LOMA on all claims Parameters. Such services are well supported by sound financials that the Company has. The AUM of BSLI stood at Rs. 8165 crs as on February 28, 2009, while as on March 31, 2009, the company has a robust capital base of Rs. 2000 crs.

Vision:To be a leader and role model in a broad based and integrated financial services business.

Mission:To help people mitigate risks of life, accident, health, and money at all stages and under all circumstances Enhance the financial future of our customers including enterprises

Values:Integrity Commitment Passion

Seamlessness Speed A US $28 billion corporation, the Aditya Birla Group is in the league of Fortune 500 worldwide. It is anchored by an extraordinary force of 100,000 employees, belonging to 25 different nationalities. The group operates in 25 countries across six continents truly India's first multinational corporation. Aditya Birla Group through Aditya Birla Financial Services Group (ABFSG), has a strong presence across various financial services verticals that include life insurance, fund management, distribution & wealth management, security based lending, insurance broking, private equity and retail broking. The seven companies representing ABFSG are Birla Sun Life Insurance Company, Birla Sun Life Asset Management Company, Birla Sun Life Distribution Company, Birla Global Finance Company, Birla Insurance Advisory & Broking Services, Aditya Birla Capital Advisors and Apollo Sindhoori Capital Investment. In FY 2008-09, the consolidated revenues of ABFSG from these businesses crossed Rs. 4763 crores, registering a growth rate of 36%. For more information please visit www.adityabirla.com

Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of December 31, 2008, the Sun Life Financial group of companies had total assets under management of $381 billion.

For more information please visit www.sunlife.com

About Aditya Birla Group:-

A US $29.2 billion corporation, the Aditya Birla Group is in the league of Fortune 500. It is anchored by an extraordinary force of 130,000 employees, belonging to 30 different nationalities. In India, the Group has been adjudged "The Best Employer in India and among the top 20 in Asia" by the Hewitt-Economic Times and Wall Street Journal Study 2007. Over 50 per cent of its revenues flow from its overseas operations. The Group operates in 25 countries India, UK, Germany, Hungary, Brazil, Italy, France, Luxembourg, Switzerland, Australia, USA, Canada, Egypt, China, Thailand, Laos, Indonesia, Philippines, Dubai, Singap