Summer Internship in Lic

9205 Words Sep 29th, 2010 37 Pages

This is to certify that the project work done on Consumer’s attitude towards Investment is a bonafide work carried out by Mr. Sandeep Singh Bhati under my supervision and guidance. The project report is submitted towards the partial fulfillment of 2 – year, full time Post Graduate Diploma in Management.
This work has not been submitted anywhere else for any other degree/diploma. The original work was carried during 15th May to 15 June, 2010 in LIC OF INDIA, Balotra (Rajasthan)

Name & Sign of Faculty
Prof. Nupur Mishra



I am hearty grateful to Mrs. Renu Luthra (director). She have always been an invaluable source of inspiration had work, sincerity and dedication. It gives me immense
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The contract is valid for payment of the insured amount during:
The date of maturity, or
Specified dates at periodic intervals, or
Unfortunate death, if it occurs earlier.

Among other things, the contract also provides for the payment of premium periodically to the Corporation by the policyholder. Life insurance is universally acknowledged to be an institution, which eliminates 'risk', substituting certainty for uncertainty and comes to the timely aid of the family in the unfortunate event of death of the breadwinner. By and large, life insurance is civilization’s partial
Solution to the problems caused by death. Life insurance, in short, is concerned with two hazards that stand across the life-path of every person:
1. Person dying prematurely leaving a dependent family to fend for itself.
2. Person living till old age without visible means of support.
Brief history of Insurance Sector in India:- The business of life insurance in India in its existing form started in India in the year 1818 with the establishment of the Oriental Life Insurance Company in Calcutta. The story of insurance is probably as old as the story of mankind. The same instinct that prompts modern businessmen today to secure themselves against loss and disaster existed in primitive men also. They too sought to avert the evil consequences of fire and flood and loss of life and were
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