Project Report on Summer Training in Kotak Mahindra Life Insurence & Recruitment Process

16354 WordsFeb 8, 201066 Pages
A PROJECT REPORT ON EXPLORATIVE STUDY ON RECURIMENT OF LIFE ADVISOR IN INSURANCE COMPANY. SUBMITTED IN PARTIAL FULLFILMENT OF THE REQUIREMENT OF BACHLOR OF BUSINESS ADMINISTRATION (B.B.A) JAI NARAYAN VYAS UNIVERSITY, JODHPUR. SUBMITTED TO SUBMITTED BY MISS. MIRDULA CHANDA MUSHFIK HASNEN RIJVI SUPERVISER B.B.A. III YEAR AISHWARYA COLLEGE OF EDUCATION E.NO 07/9176 PROJECT SUPERVISED BY:- ASHISH KHATRI (SALES MANAGER) KOTAK MAHINDRA LIFE INSURANCE SESSION 2007-2010 A-9 1ST Extension, Kamala Nehru Nagar, Jodhpur (Raj.) CERTIFICATE This is to certify that Mr.MUSHFIK HASNEN RIJVI, Enrollment No. 07/9176 has supervision his project report on RECURIMENT OF LIFE ADVISOR. The work embodied…show more content…
Furthermore, the premium rate you are quoted at 35 will be the premium you will pay when you are 65! Unless of course, you have purchased a policy that is designed to be paid up over a period of years. This is a great benefit. You can pay up your coverage over a period of years, usually ten or twenty, and then have the satisfaction of knowing that your life is covered forever! On the other hand, some term policies do not guarantee that rates will remain level through the whole term. To guarantee that rate, you could have to buy an extra rider, and all of a sudden, that policy is not as cheap as it looked like before. If you do not make sure the premium will remain level, and you do not buy the rider, you could find your rates increased after five years. With a term policy, you will either have to accept the higher premium or lose the policy, with nothing to show for the years you did pay on it. Another advantage of permanent coverage is that it can actually be used as an asset. When you build up cash value, you can borrow against that value. You can even choose to cash your policy in for the value. Of course, then you could be left without life insurance, but at least you will have some cash back for the premiums you put in. If you have a permanent policy, you can even choose to sell the face value of the life insurance policy in many states. The purchaser will continue making payments on the policy if it needs to be kept in force, but will pay a cash

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