A Project Report On Recruitment of Financial Consultant 45 days Summer Training Project with HDFC STANDARD Life Insurance Company

Ltd.

2010 SUBMITTED BY PRADEEP SINGH

Seth Motilal (P.G.) College Jhunjhunu

Seth Motilal (P.G.) College Jhunjhunu

Certificate

This is to certify that Mr. Pradeep Singh , a student of Seth Motilal (P.G.) College has submitted his report on Recruitment of Financial consultant, after successfully completing the summer practical training at HDFC STANDARD Life Insurance Company Ltd. from 16th June 2009 to 27th July 2009 .

Dr.O.P. Sharma Department of Business Administration

ACKNOWLEDGEMENT

Talent and capabilities are of course necessary but opportunities and right guidance is two very important back-ups without which any person cannot climb the ladder to success. I would like to express my gratitude to all those who gave me the possibility to complete this thesis. This study would not have been possible without the personal guidance of Mr. Ajay Sharma, Channel Development Manager of HDFC SATNDARD Life Insurance Company Ltd. and my guide to the study during my summer training in HDFC STANDARD Life Insurance Company Ltd., Jaipur,Rajasthan. Right from giving me such an interesting subject to work on, to guiding me throughout with extensive knowledge about the subject, his expert guidance has been of great value to me. In the process I have learnt a lot about Insurance Sector. Thanks to Mr. Ajay Sharma for his valuable support. I am grateful for the hard work and dedication of the entire staff member working for HDFC SATNDARD Life Insurance Office. Their counsel and hospitality during my visits to the office and their input in study was greatly appreciated. During the summer training I have interacted with many colleagues for whom I have great regard. I extent my warmest thank to all those who made my summer training a wonderful experience.

Pradeep Singh

TABLE OF CONTENT
1. 2.

Introduction to the insurance sector .01 Introduction to the organization/company18

2.1.1. 2.1.2. 2.1.3. 2.1.4. 2.1.5. 2.1.6. 2.1.7. 2.1.8. 2.1.9.

HDFC Standard life insurance company ltd..18 Historical background....18 Mission & vision19 Promoters...19 Holdings 21 Equity structure..22 Financial performance of the company..22 Product and services......22 Insurance polices/plans of HDFC..25 HR practices..27 Various dept. prevailing in the company..31

2.1.10. 2.1.11. 3. 4. 5. 6. 7.

Research Methodology..................................................................35 Analysis and Interpretation.......41 SWOT Analysis.45 Conclusion ..46 Questionnaire..47

8.

Bibliography.50

EXECUTIVE SUMMARY

The 45 days summer training in the HDFC STANDARD LIFE INSURANCE COMPANY Ltd. I am thankful to my Institute and the HDFC SLIC for opening my doors towards such as prestigious moves in corporate world where the first step of fresher is like A Dream Comes True and hence the opportunity for competition at such a renowned platform.

This project has been a great learning experience for me; at the same time it gave me enough scope to implement my analytical ability. This project gives an insight about the insurance Sector and its various aspects. It is purely based on whatever I learned at HDFC SLIC. One can have a brief knowledge about insurance sector and all its basics through the project.

This project has been a great learning experience for me; at the same time it gave me enough scope to implement my analytical ability. The training gives an insight about the insurance and its various aspects. It is purely based on whatever I learned at The HDFC STANDARD LIFE INSURANCE COMPANY Ltd. One can have a brief knowledge about insurance sector and all its basics through the project.

The Summer Training was basically to know that how they are working take place in all the function of their prestigious organization. On the whole it was a great experience and a great learning where I could not only learn the basic but more important then that was the environment that I got there, it full of young hard workers who are not only dedicated to the work but are more inclined towards making the atmosphere jolly. I like policies of insurance to organize the structure to meet the challenges of changing environment and good customer services, new schemes, modernize office equipment etc.