TO ANALYSE THE PERFORMANCE OF RETIREMENT PLAN (Conducted on behalf of Life Insurance corporation.

, Surat) th (From 7 January, 2008 to 7th March, 2008) A Project Report submitted in partial fulfillment of the requirements For the award of the degree of BACHELOR OF BUSINESS ADMINISTRATION TO VEER NARMAD SOUTH GUJARAT UNIVERSITY, SURAT Submitted By: Malaviya Ashish.M T.Y.B.B.A. (sem VI) Roll No. 45 (Finance) Under the Guidance of Mr. MAHESH TRIVEDI Submitted To: THE CO-ORDINATOR PROF. V. B. SHAH INSTITUTE OF MANAGEMENT & R.V. PATEL COLLEGE OF COMMERCE AMROLI (SURAT) March 2008

With great pleasure, I undertake the writing of this report of industrial training because; it is a fact to be proud that I am one of the very few students, who are presently undertaking education in field of business administration. As a student of management, I must be encouraged by the growth and development taken place in the corporate sector, in India. Still recently, management is growing busy. Keeping in mind the ever development field of management and the great demand of management cadre in our country. The university has arranged industrial in the field of financial management and marketing management at the third year level. Thus it is our moral and obligatory duty to take this part of our studies with great enthusiasm and seriousness and give it the due importance. I have completed project training at Life Insurance Corporation of India, Surat. My specialization in financial management. This report gives information about the insurance sector. From various sources like annual report, reference of senior, Credit monitoring authority report etc, I have computed a premium and bonus on polices according to terms and condition etc. During my training I found that company has good reputation and strong position in the market since its Establishment.

I with to express my thanks to the officers and all the staff members of The Life Insurance Corporation of India. For their valuable assistance and excellent co-operation in preparation of this project report. My thank goes to Veer Narmad South Gujarat University that gave me a chance to brighten my academic qualification that provide that opportunity to have practical knowledge about the relevant field. I would like to thanks Ms. Shehnaz R. Sheikh, the co-ordinate of Prof.V.B.Shah Institute of Management & R.V.Patel College of Commerce, Amroli for making available all facilities in fulfilling the requirement for my project report. The project would have been possible through out the experience, guidance and supervision of Mr. Mahesh Trivedi has potentially and critically gone through the subject matter. I wish to place on record the operation given me by Mr. B.N.Kanani for making capable of teaching new things, which are helpful in our practical life that is going project at different places. Finally, I would like to thank to all these people who are directly or indirectly contributed to my project work. Ashish M. Malaviya

I,MALAVIYA ASHISH M , here by declare that the project report entitled TO ANALYSE THE PERFORMANCE OF RETIREMENT PLAN under the guidance of Prof. Mahesh Trivedi submitted in partial fulfillment of the requirement for the award of the degree of Bachelor of Business Administration to Veer Narmad South Gujarat University, Surat is my original work research study carried out during 7th January, 2008 to 7th March, 2008 and not submitted for the award of any other degree/diploma/ fellowship of other similar titles of price to any other institution/ organization of university by any other person.

Place: Date: (Ashish M. Malaviya.) T.Y.B.B.A. (Sem.VI) (year:2008 Roll No: 45)

PROF. V.B.SHAH INSTITUE OF MANAGEMENT & R.V. PATEL COLLEGE OF COMMERCE, AMROLI

CERTIFICATE OF THE FACULTY GUIDE

This is to certify that the Project Report entitled TO ANALYSE THE PERFORMANCE OF RETIREMENT PLAN (Conducted on behalf of LIFE INSURANCE CORPORATION OF INDIA, SURAT) Submitted in partial fulfillment of the requirement for the award of the degree of BACHELORE OF BUSINESS ADMINISTRATION to VEER NARMAD SOUTH GUJRAT UNIVERSITY, SURAT is a record of bonafide research work carried out by Ashish M. Malaviya under my supervision and guidance.

Signature

Signature

(Mr. Mahesh Trivedi) Lecturer in Management

(Ms.Shehnaz R.Sheikh) Co-ordinator

NUMBER 1

CHAPTER About Life Insurance Corporation of India(L.I.C) History of L.I.C. Achievement of L.I.C. Introduction of Insurance? About Insurance. Classification of Insurance. Product of Life Insurance Corporation. Introduction of products. Classification of Products. Why Insurance is necessary for retirement? Need of retired person. Need of Insurance for retirement. About retirement plan Jeevan Dhara. Jeevan Nidhi. Jeevan Akshay New Market Plus Comparison of policy Finding and Suggestion Bibliography

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