minor project report on a study on l.i.c
TRANSCRIPT
-
7/30/2019 Minor Project Report on a Study on l.i.c
1/66
C HILMV PVMBKOZ VKPMVZ
ML
C _Z[JY MN AIO ILJIC
_[FHIZZKJ IL PCVZICA N[ANIAAHKLZ MN ZDKVKS[IVKHKLZ NMV ZDK CWCVJ MN ZDK
JKGVKK MN FCODKAMV MN F[_ILK__
CJHILI_ZVCZIML 6033-3:
[ljkr tdk Guijclok mn2 _ufhittkj fy2
Hs.CVZI HCAIE CHIZ E[HCV BCIL
Cssistclt Prmnkssmr Vmaa. Lm2 0?33603733H_I FFC (Gklkrca) 6lj _dint
?rj _khkstkr
Hcdcrcbc _urcbhca Ilstitutk
O-:, Bclcepuri, Lkw Jkadi-3300;4
-
7/30/2019 Minor Project Report on a Study on l.i.c
2/66
.
_Z[JKLZ_ JKOA V ZIML
Zdis is tm okrtiny tdct I dcvk omhpaktkj tdis Prmbkot titakjC _Z[JY MN AIO ILJIC uljkr tdk guijclok mn Hs.
CVZI HCAIE il pcrtica nuaniaahklt mn tdk rkquirkhklt mntdk cwcrj mn jkgrkk mn Fcodkamr mn Fusilkss
Cjhilistrctiml ct Hcdcrcbc _urcbhca Ilstitutk, Jkadi.
Zdis is cl mrigilca pikok mn wmre clj I dcvk lmt sufhittkjit kcraikr kaskwdkrk.
Jctk2 6;-30-36 CHIZ E[HCV BCIL
Pacok2 LKW JKADI VMAA. LM. 0?363603733
-
7/30/2019 Minor Project Report on a Study on l.i.c
3/66
.
OKVZINIOCZK NVMH ZDK G[IJKZdis is tm okrtiny tdct tdk prmbkot titakj C _Z[JY MN AIO
ILJIC is cl cocjkhio wmre jmlk fy CHIZ E[HCV BCIL
sufhittkj il tdk pcrtica nuaniaahklt mn tdk rkquirkhklt nmr tdk
cwcrj mn tdk jkgrkk mn Fcodkamr mn Fusilkss Cjhilistrctiml nrmh
Hcdcrcbc _urcbhca Ilstitutk, O-:, BCLCEP[VI, Jkadi, uljkr hy
guijclok & jirkotiml.
Hs. CVZI HCAIE
C__I_ZCLZ PVMNK__MV
H_I
-
7/30/2019 Minor Project Report on a Study on l.i.c
4/66
.
COELMWAKJGKHKLZNirst mn caa, I wmuaj aiek tm kxprkss hy tdcles tm Prmn. CRCJ. _.ODDIAACV (Jirkotmr, H_I) nmr givilg hk suod c wmljkrnua
mppmrtulity tm wijkl tdk dmrizmls mn hy elmwakjgk.
Il lm shcaa hkcsurks, I wmuaj casm aiek tm grctknuaay tdcle tm caa
tdmsk wdm gcvk hk omlstruotivk suggkstimls nmr tdk ihprmvkhklt
mn caa tdk cspkot rkactkj tm tdis prmbkot.
Il pcrtiouacr, I wmuaj aiek tm tdcle Hs. CVZI HCAIE,hy
rkskcrod guijk nmr dkr vcaucfak suggkstimls clj guijclok.
I casm mwk c jkkp sklsk mn grctitujk tm mtdkr ncouaty hkhfkrs nmr
tdkir omltilumus klomurcgkhklt.
Jkspitk caa knnmrts, I dcvk lm jmuft tdct krrmr clj mfsouritiks
rkhcil tdct skkl tm cnnaiot caa rkskcrod prmbkot clj nmr wdiod I ch
ouapcfak.
CHIZ E[HCV BCIL
Vmaa. Lm.2 0?363603733
-
7/30/2019 Minor Project Report on a Study on l.i.c
5/66
.
ZCFAK MN OMLZKLZ_ODCPZKV 38 ILZVMJ[OZIML
- ILZVMJ[OZIML- MFBKOZI^K_ MN ZDK _Z[JY- VK_KCVOD HKZDMJMAMGY- AIHIZCZIML_ MN ZDK _Z[JY- _OMPK MN ZDK _Z[JY
ODCPZKV 6 8 OMHPCLY PVMNIAK
DI_ZMVY CLJ NMVHCZIML MN AIO
ODCPZKV ?8JCZC CLCAY_I_ CLJ ILZKVPVKZCZIML
GVCPD_, ODCVZ_
ODCPZKV :8VKOMHHKLJCZIML_ CLJ
OMLOA[_IML_
- OMLOA[_IML_FIFAIMGVCPDY
-
WKF_IZK_- FMME_- BM[VLCA_
-
7/30/2019 Minor Project Report on a Study on l.i.c
6/66
-
7/30/2019 Minor Project Report on a Study on l.i.c
7/66
.
WDCZ CLJ WDY MN AINK IL_[VCLOK
WDCZ I_ AINK IL_[VCLOK
Aink ilsurclok is c omltrcot nmr pcyhklt mn c suh mn hmlky tm tdk
pkrsml cssurkj (mr nciailg dih/dkr, tm tdk pkrsml kltitakj tm rkokivk tdk
schk) ml tdk dcppklilg mn tdk kvklt ilsurkj cgcilst. [sucaay tdk
omltrcot prmvijks nmr tdk pcyhklt mn cl chmult ml tdk jctk mn
hcturity mr ct spkoinikj jctks ct pkrimjio iltkrvcas mr ct ulnmrtulctk
jkctd, in it moours kcraikr. Chmlg mtdkr tdilgs, tdk omltrcot casm
prmvijks nmr tdk pcyhklt mn prkhiuh pkrimjiocaay tm tdk omrpmrctiml
fy tdk cssurkj. Aink ilsurclok is ulivkrscaay coelmwakjgkj tm fk cl
ilstitutiml, wdiod kaihilctks VI_E, sufstitutilg okrtcilty nmr
ulokrtcilty clj omhks tm tdk tihkay cij tdk nchiay il tdk ulnmrtulctk
kvklt mn jkctd mn tdk frkcjwillkr. Fy clj acrgk, aink ilsurclok is
oiviaizctimls pcrtica smautiml tm tdk prmfakhs ocuskj fy jkctd.
WDY I_ AINK IL_[VCLOK VKS[IVKJ
Aink ilsurclok is fcsiocaay rkquirkj tm omvkr tdk twm dczcrjs tdct
stclj cormss tdk aink pctd mn kvkry pkrsml2
3. Mn jyilg prkhcturkay akcvilg c jkpkljklt nchiay tm nklj nmr it.
6. Mn aivilg tm maj cgk witdmut visifak hkcls mn suppmrt.
-
7/30/2019 Minor Project Report on a Study on l.i.c
8/66
.
MFBKOZI^K_ MN ZDK _Z[JY
3. Zm stujy tdk vcrimus prmjuots mnnkrkj fy AIO.
6. Zm stujy tdk odclgks il tdk hcrektilg strctkgiks mn AIO witd
kltrclok mn privctk ilsurclok pacykrs.
?. Zm stujy tdk prmgrkss mn AIO nrmh its ilokptiml tiaa rkoklt
jkvkamphklts.
:. Zm stujy tdk vcrimus prmjuots mnnkrkj fy AIO.
;. Zm stujy tdk odclgks il tdk hcrektilg strctkgiks mn AIO witd
kltrclok mn privctk ilsurclok pacykrs.
>. Zm stujy tdk prmgrkss mn AIO nrmh its ilokptiml tiaa rkoklt
jkvkamphklts.
7. Zm stujy tdk vcrimus prmjuots mnnkrkj fy AIO.
4. Zm stujy tdk odclgks il tdk hcrektilg strctkgiks mn AIO witd
kltrclok mn privctk ilsurclok pacykrs.
9. Zm stujy tdk prmgrkss mn AIO nrmh its ilokptiml tiaa rkoklt
jkvkamphklts.
30.Zm stujy tdk vcrimus prmjuots mnnkrkj fy AIO.
33.Zm stujy tdk odclgks il tdk hcrektilg strctkgiks mn AIO witd
kltrclok mn privctk ilsurclok pacykrs.
36.Zm stujy tdk prmgrkss mn AIO nrmh its ilokptiml tiaa rkoklt
jkvkamphklts.
-
7/30/2019 Minor Project Report on a Study on l.i.c
9/66
.
_OMPK MN ZDK _Z[JY
Ilsurclok is tdk hmst jylchio clj grmwilg skotmr il tmjcys
fusilkss klvirmlhklt. C fig luhfkr mn fusilkss dmusks mn Iljic
dcvk buhpkj iltm tdk fusilkss mn ilsurclok.
Aink Ilsurclok tmjcy pacys c hcbmr rmak il mlks aink ct vcrimus
stcgks fkocusk mn tdk vcrimus fklknits it mnnkrs.
Zdis rkpmrt prksklts c frikn fcoegrmulj mn dmw AIO ochk iltm
kxistklok clj dmw it fkochk cs mlk mn tdk tmp ilsurclok pacykrs mn
Iljic.
Zdk prmbkot jkcas witd tdk hcrekt sdcrk mn AIO clj tdk ourrklt
pmsitiml mn AIO witd tdk omhilg up mn vcrimus mtdkr privctkilsurclok pacykrs.
-
7/30/2019 Minor Project Report on a Study on l.i.c
10/66
.
VK_KCVOD HKZDMJMAMGYHKZDMJ MN JCZC OMAAKOZIML
Jctc hcy fk mftcilkj kitdkr nrmh tdk prihcry smuroks mr nrmh tdk
skomljcry smuroks. C prihcry smurok is c mlk tdct itskan omaakot tdk
jctc clj c skomljcry smurok is c mlk tdct hceks usk mn cvciacfak jctc
wdiod wcs omaakotkj fy smhk mtdkr cgkloiks. Jkpkljilg ml tdk smurok,
stctistioca jctc is oacssinikj uljkr twm octkgmriks.
3. PVIHCVY JCZC,
6. _KOMLJCVY JCZC.
Prihcry is tdct wdiod is omaakotkj nmr tdk nirst tihk clj tdus dcppkls
tm fk mrigilca il odcrcotkr.
_komljcry is tdct wdiod is carkcjy fkilg omaakotkj fy smhkmlk kask
clj wdiod dcs carkcjy pcsskj tdrmugd tdk stctistioca prmokss.
_CHPAK JK_IGL CLJ JCZC OMAAKOZIMLHy rkskcrod is fcskj upml skomljcry jctc wdiod is omaakotkj nrmh
vcrimus Fmmes, Iltkrlkt clj vcrimus rkomrjs mn AIO.
AIHIZCZIML_ MN ZDK _Z[JY3. Zdis prmbkot is kltirkay fcskj upml skomljcry jctc sm, it acoes tdk pkrsmlca
tmuod.
6. Fkocusk mn tihk omlstrcilt, I wcs lmt cfak tm omaakot huod mn ilnmrhctiml.
-
7/30/2019 Minor Project Report on a Study on l.i.c
11/66
.
ODCPZKV-6
OMHPCLY PVMNIAK
-
7/30/2019 Minor Project Report on a Study on l.i.c
12/66
.
AINK IL_[VCLOK OMVPMVCZIML MN ILJICDI_ZMVY MN AINK IL_[VCLOKAink ilsurclok nirst stcrtkj il Klgaclj il tdk 3>
td okltury. Zdk nirst
aink tdct wcs ilsurkj wcs mn Wiaaich Giffmls ml Bulk 34, 3>;?. Zdk
nirst rkgistkrkj mnniok mn aink wcs il Klgaclj witd tdk lchk Dclj-il-
Dclj _moikty il 3>9>. Il [_C, tdk aink ilsurclok jij lmt gcil
hmhkltuh tiaa 34td
okltury hcilay fkocusk mn nauotuctimls il jkctd
rctk. Fut cntkr 3400 it gcilkj hmhkltuh.Il Iljic, smhk Kurmpkcls stcrtkj tdk nirst aink ilsurclok omhpcly il
Fklgca Prksijkloy witd tdk lchk Mriklt Aink Cssurclok Omhpcly
il 3434. Zdkl il 3473 Fmhfcy Hutuca Aink Cssurclok_moikty wcs
kstcfaisdkj wdiod wcs c acljhcre il tdk Iljicl Ilsurclok Iljustry.
Fknmrk 3473 Iljicls wkrk odcrgkj cfmut 3;% hmrk prkhiuhs cs
omhpcrkj tm Kurmpkcls. Fut Fmhfcy Hutuca Aink Cssurclok _moikty
jij lmt jinnkrkltictk fktwkkl Iljicls clj Kurmpkcls il tdk hcttkr mn
nixctiml mn prkhiuhs. Zdkl il 347: Mrikltca Gmvkrlhklt _kourity
Aink Cssurclok Omhpcly Atj. wcs kstcfaisdkj. _ilok tdkl, skvkrca
mnnioks jkvkampkj il Iljic.
Il Iljic tdk privctk skotmr wcs prkvcaklt il aink ilsurclok fknmrk 39;>.
Zdkl it wcs lctimlcaizkj il 39;> clj tdkl cgcil witd omhilg up mn
IVJC Cot, it dcs fkkl privctizkj il 6000. Zdus, aink ilsurclok dcs
omhpaktkj c oyoak il its kvmautiml.
-
7/30/2019 Minor Project Report on a Study on l.i.c
13/66
.
NMVHCZIML MN AIONirst cttkhpt tm rkguactk ilsurclok fusilkss wcs hcjk tdrmugd IljiclAink Ilsurclok Omhpcliks Cot il 3936. Zdkl tdis wcs frmcj fcskj
clj tdk ilsurclok cot ochk iltm kxistklok nrmh tdk ykcr 3964
mlwcrjs. Zdis cot wcs actkr rkvikwkj clj c omhprkdklsivk akgisactiml
wcs klcotkj ocaakj tdk Ilsurclok Cot 39?4. Zdkl lctimlcaizctiml mn
aink ilsurclok fusilkss tmme pacok il 39;>, wdkl 6:; Iljicl clj
nmrkigl ilsurclok clj prmvijklt smoiktiks wkrk nirst chcagchctkj clj
tdkl lctimlcaizkj. Zdkl tdk Aink Ilsurclok Omrpmrctiml mn Iljic
(AIO) ochk iltm kxistklok witd its okltrca mnniok amoctkj ct Huhfci.
Lctimlcaizctiml wcs jmlk juk tm nmaamwilg rkcsmls2
3. Fkocusk mn tdk uldkcatdy prcotioks fy ilsurkrs, tdkrk wkrk rkpkctkj
pmpuacr jkhcljs nmr lctimlcaizctiml il pcraichklt.
6. Zdkrk wcs c nkkailg tdct nuljs nrmh ilsurclok hcy fk utiaizkj nmr
omultrys komlmhio jkvkamphklt.
?. Zdk nmrkigl kxodclgk jrcil nmr ihpmrt fusilkss wmuaj fk stmppkj.
:. Zdk hmlmpmaistio omltrma mn tdk fusilkss fy c nkw iljustricaists
ilsurks wmuaj klj.
;. Zdk aivilg clj wmreilg omljitimls mn gklkrca ilsurclok mnniokrs wkrk
digday ulsctisncotmry.
>. Zdkrk wcs digd omlokltrctiml mn komlmhio pmwkr il c nkw dcljs.
-
7/30/2019 Minor Project Report on a Study on l.i.c
14/66
.
MFBKOZI^K_ MN AIO3. Zm sprkcj aink ilsurclok huod hmrk wijkay clj il pcrtiouacr tm tdk
rurca crkcs clj tm tdk smoicaay clj komlmhiocaay fcoewcrj oacssks
witd tdk cih mn rkcodilg caa ilsurcfak pmsitimls il tdk omultry clj tm
prmvijk tdkh witd cjkquctk nilcloica omvkr cgcilst jkctd ct c
rkcsmlcfak omst.
6. Zm hcxihizk hmfiaizctiml mn pkmpaks scvilgs fy hceilg ilsurclok-
ailekj scvilgs cjkquctkay cttrcotivk.
?. Zm ekkp il hilj, il tdk ilvksthklt mn nuljs, tdk prihcry mfaigctimls
tm its pmaioy dmajkrs, wdmsk hmlky it dmajs il trust, witdmut amsilg
sigdt mn tdk iltkrksts mn tdk omhhulity cs c wdmak, tdk nuljs tm fk
jkpamykj tm fkst cjvcltcgk mn tdk ilvkstmrs cs wkaa cs tdk omhhulity
cs c wdmak ekkpilg il vikw lctimlca primritiks clj mfaigctimls mn
cttrcotivk rkturl.
:. Zm sprkcj aink ilsurclok huod hmrk wijkay clj il pcrtiouacr tm tdk
rurca crkcs clj tm tdk smoicaay clj komlmhiocaay fcoewcrj oacssks
witd tdk cih mn rkcodilg caa ilsurcfak pmsitimls il tdk omultry clj tm
prmvijk tdkh witd cjkquctk nilcloica omvkr cgcilst jkctd ct c
rkcsmlcfak omst.
;. Zm hcxihizk hmfiaizctiml mn pkmpaks scvilgs fy hceilg ilsurclok-
ailekj scvilgs cjkquctkay cttrcotivk.
>. Zm ekkp il hilj, il tdk ilvksthklt mn nuljs, tdk prihcry mfaigctimls
tm its pmaioy dmajkrs, wdmsk hmlky it dmajs il trust, witdmut amsilg
sigdt mn tdk iltkrksts mn tdk omhhulity cs c wdmak, tdk nuljs tm fk
jkpamykj tm fkst cjvcltcgk mn tdk ilvkstmrs cs wkaa cs tdk omhhulity
cs c wdmak ekkpilg il vikw lctimlca primritiks clj mfaigctimls mn
cttrcotivk rkturl.
-
7/30/2019 Minor Project Report on a Study on l.i.c
15/66
-
7/30/2019 Minor Project Report on a Study on l.i.c
16/66
.
Gucrcltkkj Cjjitimls2
Zdk pmaioy prmvijks nmr tdk Gucrcltkkj Cjjitimls ct tdk rctk mn Vs.7;
pkr tdmusclj _uh Cssurkj nmr kcod omhpaktkj ykcr. Zdk Gucrcltkkj
Cjjitimls crk pcycfak ct tdk klj mn tdktkrh mn tdk pmaioy mr kcraikr
jkctd mn tdk Aink Cssurkj.
Amycaty Cjjitimls2
Zdis is c witd-prmnit pacl clj pcrtioipctks il tdk prmnits mn tdk
Omrpmrctimls aink ilsurclok fusilkss. It gkts c sdcrk mn tdk prmnits il
tdk nmrh mn amycaty cjjitimls wdiod crk tkrhilca fmlusks pcycfak
camlg witd jkctd mr hcturity fklknit. Amycaty cjjitiml hcy fk
pcycfak jkpkljilg ml tdk kxpkriklok mn tdk Omrpmrctiml.
KLJMWHKLZ C__[VCLOK PACL_Bkkvcl Clclj
Prmjuot suhhcry2
Zdis pacl is c omhfilctiml mn Kljmwhklt Cssurclok clj Wdmak Aink
pacls. It prmvijks nilcloica prmtkotiml cgcilst jkctd tdrmugdmut tdk
ainktihk mn tdk aink cssurkj witd tdk prmvisiml mn pcyhklt mn c auhp
suh ct tdk klj mn tdk skakotkj tkrh il ocsk mn dis survivca .
-
7/30/2019 Minor Project Report on a Study on l.i.c
17/66
.
Prkhiuh2
Prkhiuhs crk pcycfak ykcray, dcan-ykcray, qucrtkray, hmltday mr
tdrmugd scacry jkjuotimls cs mptkj fy ymu tdrmugdmut tdk skakotkj
tkrh mn tdk pmaioy mr tiaa kcraikr jkctd.
Fmlusks2
Zdis is c witd-prmnit pacl clj pcrtioipctks il tdk prmnits mn tdk
Omrpmrctimls aink ilsurclok fusilkss. It gkts c sdcrk mn tdk prmnits il
tdk nmrh mn fmlusks.
_ihpak Vkvkrsimlcry Fmlusks crk jkoacrkj pkr tdmusclj _uh
Cssurkj cllucaay ct tdk klj mn kcod nilcloica ykcr.
Mlok jkoacrkj, tdky nmrh pcrt mn tdk gucrcltkkj fklknits mn tdk pacl.
Fmlusks wiaa fk cjjkj jurilg tdk skakotkj tkrh mr tiaa jkctd, in it
moours kcraikr.
Nilca (Cjjitimlca) Fmlus hcy casm fk pcycfak prmvijkj tdk pmaioy dcsrul nmr okrtcil hilihuh pkrimj.
-
7/30/2019 Minor Project Report on a Study on l.i.c
18/66
.
PACL_ NMV DIGD WMVZD ILJI^IJ[CA_
Bkkvcl _drkkPrmjuot suhhcry2
Zdis is cl Kljmwhklt Cssurclok pacl mnnkrilg tdk odmiok mn hcly
omlvkliklt prkhiuh pcyilg tkrhs. It prmvijks nilcloica prmtkotiml
cgcilst jkctd tdrmugdmut tdk tkrh mn pacl witd tdk pcyhklt mn
hcturity chmult ml survivca tm tdk klj mn tdk pmaioy tkrh.
Prkhiuhs2
Prkhiuhs crk pcycfak ykcray, dcan-ykcray, qucrtkray, hmltday mr
tdrmugd _cacry jkjuotimls, cs mptkj fy ymu, tdrmugdmut tdk prkhiuh
pcyilg tkrh mr tiaa kcraikr jkctd. Catkrlctivkay prkhiuh hcy fk pcij
il mlk auhp suh (_ilgak prkhiuh).
Gucrcltkkj Cjjitimls2
Zdk pmaioy prmvijks nmr tdk Gucrcltkkj Cjjitimls ct tdk rctk mn Vs.
;0/- pkr tdmusclj _uh Cssurkj nmr kcod omhpaktkj ykcr nmr nirst nivk
ykcrs mn tdk pmaioy. Zdk Gucrcltkkj Cjjitimls crk pcycfak camlg witd
tdk Fcsio _uh Cssurkj ct tdk tihk mn oacih.
Fmlusks2
Zdk pmaioy pcrtioipctks il tdk prmnits mn tdk Omrpmrctimls aink
ilsurclok fusilkss nrmh tdk >td ykcr mlwcrjs. It wiaa gkt c sdcrk mn
tdk prmnits il tdk nmrh mn fmlusks. _ihpak Vkvkrsimlcry Fmlusks wiaa
fk jkoacrkj pkr tdmusclj Fcsio _uh Cssurkj cllucaay ct tdk klj mn
kcod nilcloica ykcr. Mlok jkoacrkj, tdky wiaa nmrh pcrt mn tdk
gucrcltkkj fklknits mn tdk pacl.
-
7/30/2019 Minor Project Report on a Study on l.i.c
19/66
.
HMLKY FCOE PACL_Hmlky Fcoe Pmaioy 60 ykcrs
Nkcturks2
[laiek mrjilcry kljmwhklt ilsurclok pacls wdkrk tdk survivca
fklknits crk pcycfak mlay ct tdk klj mn tdk kljmwhklt pkrimj, tdis
sodkhk prmvijks nmr pkrimjio pcyhklts mn pcrtica survivca fklknits cs
nmaamws jurilg tdk tkrh mn tdk pmaioy, mn omursk sm amlg cs tdk pmaioydmajkr is caivk.
Il tdk ocsk mn c 60-ykcr Hmlky-Fcoe Pmaioy (Zcfak 7;), 60% mn tdk
suh cssurkj fkomhks pcycfak kcod cntkr ;, 30, 3; ykcrs, clj tdk
fcaclok mn :0% paus tdk coorukj fmlus fkomhk pcycfak ct tdk 60td
ykcr.
Nmr c Hmlky-Fcoe Pmaioy mn 6; ykcrs (Zcfak 9?), 3;% mn tdk suh
cssurkj fkomhks pcycfak kcod cntkr ;, 30, 3; clj 60 ykcrs, clj tdk
fcaclok :0% paus tdk coorukj fmlus fkomhk pcycfak ct tdk 6;td ykcr.
Cl ihpmrtclt nkcturk mn tdis typk mn pmaioiks is tdct il tdk kvklt mn
jkctd ct cly tihk witdil tdk pmaioy tkrh, tdk jkctd oacih omhprisks
nuaa suh cssurkj witdmut jkjuotilg cly mn tdk survivca fklknit
chmults, wdiod dcvk carkcjy fkkl pcij. _ihiacray, tdk fmlus is casm
ocaouactkj ml tdk nuaa suh cssurkj.
-
7/30/2019 Minor Project Report on a Study on l.i.c
20/66
.
Hmlky Fcoe Pmaioy 6; ykcrs
[laiek mrjilcry kljmwhklt ilsurclok pacls wdkrk tdk survivca
fklknits crk pcycfak mlay ct tdk klj mn tdk kljmwhklt pkrimj, tdis
sodkhk prmvijks nmr pkrimjio pcyhklts mn pcrtica survivca fklknits cs
nmaamws jurilg tdk tkrh mn tdk pmaioy, mn omursk sm amlg cs tdk pmaioy
dmajkr is caivk.
Il tdk ocsk mn c 60-ykcr Hmlky-Fcoe Pmaioy (Zcfak 7;), 60% mn tdk
suh cssurkj fkomhks pcycfak kcod cntkr ;, 30, 3; ykcrs, clj tdkfcaclok mn :0% paus tdk coorukj fmlus fkomhk pcycfak ct tdk 60
td
ykcr.
Nmr c Hmlky-Fcoe Pmaioy mn 6; ykcrs (Zcfak 9?), 3;% mn tdk suh
cssurkj fkomhks pcycfak kcod cntkr ;, 30, 3; clj 60 ykcrs, clj tdk
fcaclok :0% paus tdk coorukj fmlus fkomhk pcycfak ct tdk 6;td ykcr.
Cl ihpmrtclt nkcturk mn tdis typk mn pmaioiks is tdct il tdk kvklt mn
jkctd ct cly tihk witdil tdk pmaioy tkrh, tdk jkctd oacih omhprisks
nuaa suh cssurkj witdmut jkjuotilg cly mn tdk survivca fklknit
chmults, wdiod dcvk carkcjy fkkl pcij. _ihiacray, tdk fmlus is casm
ocaouactkj ml tdk nuaa suh cssurkj.
-
7/30/2019 Minor Project Report on a Study on l.i.c
21/66
.
BKK^CL _[VCFDI
Bkkvcl _urcfdi pacl is sihiacr tm mtdkr hmlky fcoe pacls. Dmwkvkr
hcil jinnkrkloks il rkguacr hmlky fcoe pacls clj Bkkvcl _urcfdi crk
cs uljkr
Hcturity tkrh is hmrk tdcl prkhiuh pcyilg tkrh.
Kcray clj digdkr rctk mn survivca fklknit pcyhklt.
Vise omvkr ilorkcsks kvkry nivk ykcrs.
Zdk cotuca tkrh clj tdk prkhiuh pcyilg tkrh nmr tdksk pacls crk cs
uljkr.
Pacl
lm.
Pmaioy
Zkrh
Prkhiuh Pcyilg
Zkrh
30> 3; ykcrs 36 ykcrs
307 60 ykcrs 3; ykcrs
304 6; ykcrs 34 ykcrs
Nuaa suh cssurkj is pcij fcoe cs survivca fklknit fy tdk klj mn
prkhiuh pcyilg tkrh. Dmwkvkr, tdk rise omvkr clj cjjitimlca rise
omvkr omltiluk clj tdk pmaioy pcrtioipctks il prmnits tiaa tdk klj mn
pmaioy tkrh.
QCooijklt Fklknit is rkstriotkj tm tdk prkhiuh pcyilg pkrimj clj tm
tdk mvkrcaa aihit mn Vs.; aceds ml c silgak aink.
_ui tcfak Nmr2
Zdis pacl dmajs spkoica iltkrkst tm pkmpak wdm fksijks wisdilg tm
prmvijk nmr tdkir maj cgk clj nchiay nkka tdk lkkj nmr auhp suh
fklknits ct pkrimjioca iltkrvcas.
-
7/30/2019 Minor Project Report on a Study on l.i.c
22/66
.
Fihc Fcodct
Wdct is Fihc Fcodct=
AIOs Fihc Fcodct is c hmlky-fcoe pmaioy wdiod mnnkrs nilcloica
skourity clj cssurclok tm tdk pmaioy dmajkr clj dis nchiay. Fihc
Fcodct rkquirks tdk pmaioy dmajkr tm pcy mlay mlk prkhiuh. Zdk
chmult pcij nmr tdk prkhiuh jkpkljs ml tdk jurctiml mn tdk pmaioy
tcekl clj aink ilsurclok is cvciacfak tiaa tdk jctk mn hcturity.
Wdct mtdkr fklknits jm I rkokivk jurilg tdk spkoinikj jurctiml mn tdkpmaioy=
Nmr c tkrh mn 9 ykcrs2 Zdk pmaioy dmajkr wiaa rkokivk 3;% mn tdk suh
cssurkj ct tdk klj mn kvkry ?rj clj >td pmaioy ykcr.
Nmr c tkrh 36 ykcrs2 Zdk pmaioy dmajkr wiaa rkokivk 3;% mn tdk suh
cssurkj ct tdk klj mn kvkry ?rj, >td clj 9td pmaioy ykcr.
-
7/30/2019 Minor Project Report on a Study on l.i.c
23/66
.
Nmr c tkrh 3; ykcrs2 Zdk pmaioy dmajkr wiaa rkokivk3;% mn tdk suh
cssurkj ct tdk klj mn kvkry ?rj, >td, 9td clj 36td pmaioy ykcr.
Wdct cjjiti mlca fklkni ts jm I gkt upml hctur i ty=
In tdk pmaioy dmajkr mutaivks tdk jurctiml mn tdk pmaioy, ct tdk tihk mn
hcturity, c silgak prkhiuh pcyhklt (kxoaujilg kxtrc prkhiuh) is
hcjk camlg witd amycaty cjjitimls, in cly.
Dmw huod ilsurclok jm I gkt=
Zdk pmaioy dmajkr is ilsurkj nmr cl chmult kquca tm tdk suh cssurkj.
Wdct cfmut tdk ilstcaahklt rkokivkj carkcjy=
Zdk ilsurclok omvkr is irrkspkotivk mn tdk ilstcaahklts rkokivkj.
Wdkl ch I kaigifak nmr tdk gucrcltkkj sur rkljkr vcauk=
Zdk gucrcltkkj surrkljkr vcauk is cvciacfak mlay cntkr omhpaktiml mn
ct akcst mlk pmaioy ykcr. Zdis vcauk is kquca tm 90 % mn tdk silgak
prkhiuh pcij (kxoaujilg kxtrc prkhiuh).
-
7/30/2019 Minor Project Report on a Study on l.i.c
24/66
.
_PKOICA HMLKY FCOE PACL_ NMV WMHKLBkkvcl Fdcrctdi
Zdis is c witd-prmnits pacl mnnkrkj tm wmhkl. It prmvijks aink ilsurclok
omvkr tdrmugdmut tdk tkrh mn tdk pacl camlg witd tdk pkrimjio
pcyhklts ml survivca ct spkoinikj jurctimls jurilg tdk pmaioy tkrh.
Zdk pacl casm prmvijks tdk omvkr cgcilst cnnaiotiml mn okrtcil Nkhcak
Oritioca Iaalkssks clj moourrklok mn okrtcil Omlgklitca Jiscfiaitiks il
lkway fmrl odiajrkl.
Prkhiuh2
Prkhiuhs ct ykcray iltkrvcas crk pcycfak tdrmugdmut tdk tkrh mn tdk
pmaioy mr tiaa kcraikr jkctd. Cntkr ct akcst twm nuaa ykcrs prkhiuhs
dcvk fkkl pcij, nuaa ilsurclok omvkr is cvciacfak kvkl wdkl prkhiuhs
crk lmt pcij nmr up tm tdrkk ykcrs. Prkhiuh nmr omlgklitca jiscfiaity
fklknit okcsks ct pmaioy cllivkrscry cntkr tdk aink cssurkj omhpaktks
tdk cgk mn :0 ykcrs.
Fmlusks cntkr tdk nirst ; ykcrs2
Zdis is c witd-prmnit pacl clj pcrtioipctks il tdk prmnits mn tdk
Omrpmrctimls aink ilsurclok fusilkss cntkr ; ykcrs. It gkts c sdcrk mn
tdk prmnits il tdk nmrh mn fmlusks. _ihpak Vkvkrsimlcry Fmlusks crk
jkoacrkj pkr tdmusclj _uh Cssurkj cllucaay ct tdk klj mn kcod
nilcloica ykcr. Mlok jkoacrkj, tdky nmrh pcrt mn tdk gucrcltkkj
fklknits mn tdk pacl.
-
7/30/2019 Minor Project Report on a Study on l.i.c
25/66
.
WDMAK AINK PACL_Zdk Wdmak Ai nk Pmaioy
Zdis pacl is hcilay jkviskj tm orkctk cl kstctk nmr tdk dkirs mn tdk
pmaioydmajkr cs tdk pacl fcsiocaay prmvijks nmr pcyhklt mn suh
cssurkj paus fmlusks ml tdk jkctd mn tdk pmaioydmajkr.
Dmwkvkr, omlsijkrilg tdk ilorkcskj amlgkvity mn tdk Iljicl
pmpuactiml, tdk Omrpmrctiml dcs chkljkj tdk cfmvk prmvisiml,
tdkrkfy prmvijilg nmr pcyhklt mn suh cssurkj paus fmlusks il tdk
nmrh mn hcturity oacih ml omhpaktiml mn cgk 40 ykcrs mr ml kxpiry mn
tkrh mn :0 ykcrs nrmh jctk mn omhhklokhklt mn tdk pmaioy wdiodkvkr
is actkr.
Zdk prkhiuhs uljkr tdk pmaioy crk pcycfak up tm cgk 40 ykcrs mn tdk
pmaioydmajkr mr nmr c tkrh mn ?; ykcrs wdiodkvkr is actkr.
In tdk pcyhklt mn prkhiuh okcsks cntkr ? ykcrs, c pcij-up pmaioy nmr
suod rkjuokj suh cssurkj wiaa fk cutmhctiocaay skourkj prmvijkj tdk
rkjuokj suh cssurkj kxoausivk mn cly cttcodkj fmlus is lmt akss tdcl
Vs.6;0/-.
_uod rkjuokj pcij-up pmaioy is lmt kltitakj tm pcrtioipctk il tdk fmlus
jkoacrkj tdkrkcntkr fut tdk fmlusks carkcjy jkoacrkj ml tdk pmaioy wiaa
rkhcil cttcod, prmvijkj tdk pmaioy is omlvkrtkj il tm c pcij-up pmaioy
cntkr tdk prkhiuhs crk pcij nmr ; ykcrs.
-
7/30/2019 Minor Project Report on a Study on l.i.c
26/66
.
_ui tcfak Nmr2
Zdis pmaioy is suitcfak nmr pkmpak mn caa cgks wdm wisd tm prmtkot tdkir
nchiaiks nrmh nilcloica orisks tdct hcy moour mwilg tm tdk
pmaioydmajkrs prkhcturk jkctd.
Zdk Wdmak Aink pacl is hcilay jkviskj tm orkctk cl kstctk nmr tdk dkirs
mn tdk pmaioydmajkr cs tdk pacl fcsiocaay prmvijks nmr pcyhklt mn suh
cssurkj paus fmlusks ml tdk jkctd mn tdk pmaioydmajkr. Dmwkvkr,
omlsijkrilg tdk ilorkcskj amlgkvity mn tdk Iljicl pmpuactiml, tdk
Omrpmrctiml dcs chkljkj tdk cfmvk prmvisiml, tdkrkfy prmvijilg nmrpcyhklt mn suh cssurkj paus fmlusks il tdk nmrh mn hcturity oacih
ml omhpaktiml mn cgk 40 ykcrs mr ml kxpiry mn tkrh mn :0 ykcrs nrmh
jctk mn omhhklokhklt mn tdk pmaioy wdiodkvkr is actkr.
Zdk prkhiuhs uljkr tdk pmaioy crk pcycfak up tm cgk 40 ykcrs mn tdk
pmaioydmajkr mr nmr c tkrh mn ?; ykcrs wdiodkvkr is actkr.
In tdk pcyhklt mn prkhiuh okcsks cntkr ? ykcrs, c pcij-up pmaioy nmr
suod rkjuokj suh cssurkj wiaa fk cutmhctiocaay skourkj prmvijkj tdk
rkjuokj suh cssurkj kxoausivk mn cly cttcodkj fmlus is lmt akss tdcl
Vs.6;0/-. _uod rkjuokj pcij-up pmaioy is lmt kltitakj tm pcrtioipctk il
tdk fmlus jkoacrkj tdkrkcntkr fut tdk fmlusks carkcjy jkoacrkj ml tdk
pmaioy wiaa rkhcil cttcod, prmvijkj tdk pmaioy is omlvkrtkj il tm c
pcij-up pmaioy cntkr tdk prkhiuhs crk pcij nmr ; ykcrs.
-
7/30/2019 Minor Project Report on a Study on l.i.c
27/66
-
7/30/2019 Minor Project Report on a Study on l.i.c
28/66
.
Bkkvcl ClcljPrmjuot suhhcry2
Zdis pacl is c omhfilctiml mn Kljmwhklt Cssurclok clj Wdmak Aink
pacls. It prmvijks nilcloica prmtkotiml cgcilst jkctd tdrmugdmut tdk
ainktihk mn tdk aink cssurkj witd tdk prmvisiml mn pcyhklt mn c auhp
suh ct tdk klj mn tdk skakotkj tkrh il ocsk mn dis survivca.
Prkhiuh2
Prkhiuhs crk pcycfak ykcray, dcan-ykcray, qucrtkray, hmltday mr
tdrmugd scacry jkjuotimls cs mptkj fy ymu tdrmugdmut tdk skakotkj
tkrh mn tdk pmaioy mr tiaa kcraikr jkctd.
Fmlusks2
Zdis is c witd-prmnit pacl clj pcrtioipctks il tdk prmnits mn tdk
Omrpmrctimls aink ilsurclok fusilkss. It gkts c sdcrk mn tdk prmnits il
tdk nmrh mn fmlusks. _ihpak Vkvkrsimlcry Fmlusks crk jkoacrkj pkr
tdmusclj _uh Cssurkj cllucaay ct tdk klj mn kcod nilcloica ykcr.
Mlok jkoacrkj, tdky nmrh pcrt mn tdk gucrcltkkj fklknits mn tdk pacl.
Fmlusks wiaa fk cjjkj jurilg tdk skakotkj tkrh mr tiaa jkctd, in it
moours kcraikr. Nilca (Cjjitimlca) Fmlus hcy casm fk pcycfak prmvijkj
tdk pmaioy dcs rul nmr okrtcil hilihuh pkrimj.
-
7/30/2019 Minor Project Report on a Study on l.i.c
29/66
.
Bkkvcl Zcrclg
Iltrmjuotiml2
Zdis is c witd-prmnits wdmak mn aink pacl wdiod prmvijks nmr clluca
survivca fklknit ct c rctk mn ; % mn tdk _uh Cssurkj cntkr tdk odmskl
Coouhuactiml Pkrimj.
Zdk vkstkj fmlusks il c auhp suh crk pcycfak ml survivca tm tdk klj
mn tdk Coouhuactiml Pkrimj mr ml kcraikr jkctd. Nurtdkr, tdk _uh
Cssurkj, camlg witd Amycaty Cjjitimls, in cly, is pcycfak ml survivcatm cgk 300 ykcrs mr ml kcraikr jkctd.
Coouhuactiml Pkr imj2
Zdk pacl mnnkrs tdrkk Coouhuactiml pkrimjs30, 3; clj 60 ykcrs. C
prmpmskr hcy odmmsk cly mn tdkh.
Pcyhklt mn Prkhiuh2
Prkhiuhs ocl fk pcij rkguacray ct ykcray, dcan-ykcray, qucrtkray mr
hmltday iltkrvcas mr tdrmugd scacry jkjuotimls mvkr tdk
Coouhuactiml Pkrimj. Catkrlctivkay, c _ilgak Prkhiuh ocl fk pcij ml
omhhklokhklt mn c pmaioy.
_chpak Prkhiuh Vctks2
Zdk tcfaks fkamw prmvijk tcfuacr prkhiuhs nmr vcrimus cgk-tkrh
omhfilctimls nmr Vs. 3000/- _uh Cssurkj.
-
7/30/2019 Minor Project Report on a Study on l.i.c
30/66
ODCPZKV-?
CLCAY_I_ CLJ
ILZKVPVKZCZIML
-
7/30/2019 Minor Project Report on a Study on l.i.c
31/66
_ilgak prkhiuhs
Coouhuactiml pkrimj
Cgk 30 ykcrs 3; ykcrs 60 ykcrs
[p tm :> ykcrs 7;>.00 >::.00 ;:4.00
:7 ykcrs 7;>.00 >::.00 ;:9.00
:4 ykcrs 7;>.00 >::.00 ;;6.00
:9 ykcrs 7;>.00 >::.00 ;;;.60
;0 ykcrs 7;>.00 >::.00 ;;4.90
;3 tm ;; ykcrs 7;>.00 >::.00 -
;> tm >0 ykcrs 7;>.00 - -
Pcrtioipctiml il Prmni ts2
Pmaioiks uljkr tdis pacl sdcaa pcrtioipctk il prmnits mn tdk
Omrpmrctiml. Jurilg tdk coouhuactiml pkrimj pmaioiks sdcaa fk
kltitakj tm rkokivk sihpak rkvkrsimlcry fmlusks wdiod wiaa fk pcycfak
ml survivca tm tdk klj mn tdk coouhuactiml pkrimj mr ml kcraikr jkctd.
Cntkr tdk coouhuactiml pkrimj, pmaioiks wiaa fk kltitakj tm rkokivk c
Amycaty Cjjitiml pcycfak ml hcturity mr kcraikr jkctd. Zdk chmult
mn sihpak rkvkrsimlcry fmlus clj Amycaty Cjjitiml wiaa jkpklj ml
tdk kxpkriklok mn tdk Omrpmrctiml.
-
7/30/2019 Minor Project Report on a Study on l.i.c
32/66
.
Clhma Bkkvcl
Vkstriotimls
Hilihuh cgk ct kltry 34 ykcrs (omhpaktkj)
Hcxihuh cgk ct kltry ;; ykcrs (lkcrkr firtdjcy)
Hcxihuh cgk ct hcturity >; ykcrs
Hilihuh Zkrh ; ykcrs
Hcxihuh Zkrh 6; ykcrs
Hilihuh _uh Cssurkj Vs.;,00,000/-
Hcxihuh _uh CssurkjVs. ?,00,00,000 (Iloausivk mn caa
Zkrh Cssurclok pacls)
Hmjk mn Prkhiuh Pcyhklt*Ykcray, Dcan- Ykcray clj _ilgak
prkhiuh
Lmtk2Zdk pmaioy wmuaj fk issukj il huatipaks mn Vs. mlk aced nmr _uh
Cssurkj cfmvk Vs. nivk aced.
Vkfctk
_uh Cssurkj Vkfctk2 LIA il ocsk mn rkguacr prkhiuh pmaioiks clj
Vk.3 pkr Vs.3000 _uh Cssurkj nmr pmaioiks mn Vs.6; aced clj cfmvk il
ocsk mn silgak prkhiuh pmaioiks. Clj Hmjk Vkfctk2 3 % mn Clluca
prkhiuh nmr ykcray hmjk clj lia nmr Dcan-Ykcray hmjk.
Ml Jkctd jurilg
tdk Zkrh mn tdk
Pmaioy
_uh Cssurkj
Ml Hcturity Lia
-
7/30/2019 Minor Project Report on a Study on l.i.c
33/66
-
7/30/2019 Minor Project Report on a Study on l.i.c
34/66
.
Vkvivca
In tdk Pmaioy dcs acpskj, it hcy fk rkvivkj jurilg tdk aink tihk mn tdk
Aink Cssurkj, fut fknmrk tdk jctk mn kxpiry mn pmaioy tkrh, ml
sufhissiml mn prmmn mn omltilukj ilsurcfiaity tm tdk sctisncotiml mn tdk
Omrpmrctiml clj tdk pcyhklt mn caa tdk crrkcrs mn prkhiuh tmgktdkr
witd iltkrkst ct suod rctk cs hcy fk prkvciailg ct tdk tihk mn tdk
pcyhklt. Zdk omrpmrctiml rkskrvks tdk rigdt tm cookpt mr jkoailk tdk
rkvivca mn jisomltilukj pmaioy. Zdk rkvivca mn tdk jisomltilukj pmaioy
sdcaa tcek knnkot mlay cntkr tdk schk is cpprmvkj fy tdk Omrpmrctiml
clj is spkoiniocaay omhhulioctkj tm tdk Aink Cssurkj. Zdk omst mn tdk
Hkjioca rkpmrts, iloaujilg _pkoica Vkpmrts, in cly, rkquirkj nmr tdk
purpmsks mn rkvivca mn tdk pmaioy, sdmuaj fk fmrlk fy tdk Aink
Cssurkj.
Pcyhklt Mn oacihs
Lm Oacihs omlokssiml wiaa fk cppaiocfak tm tdis Pmaioy.
Fcoe-Jctilg I ltkrkst
Zdk pmaioy ocl fk fcoe jctkj witdil tdk nilcloica ykcr. Lm jctilg
fcoe iltkrkst sdcaa fk odcrgkj.
-
7/30/2019 Minor Project Report on a Study on l.i.c
35/66
.
Chuayc Bkkvcl
Ml Jkctd jurilg tdk Zkrh mn tdk Pmaioy 2 _uh Cssurkj
Ml Hcturity 2 Lia
VK_ZVIOZI^K OMLJIZIML_
Hilihuh cgk ct kltry 234 ykcrs (omhpaktkj)
Hcxihuh cgk ct kltry 2>0 ykcrs (lkcrkst firtdjcy)
Hcxihuh cgk ct hcturity 270 ykcrs (lkcrkst firtdjcy)
Hilihuh Pmaioy Zkrh 2; ykcrs
Hcxihuh Pmaioy tkrh 2?; ykcrs
Hilihuh _uh Cssurkj 2Vs.6;,00,000/-
Hcxihuh _uh Cssurkj 2Lm [ppkr Aihit
(Pmaioiks wiaa fk issukj il huatipaks mn Vs.300,000/- nmr _uhs
Cssurkj
hmrk tdcl tdk hilihuh _uh Cssurkj)
Hmjk mn prkhiuh
pcyhklt
2Ykcray, Dcan-ykcray & _ilgak
Prkhiuh
-
7/30/2019 Minor Project Report on a Study on l.i.c
36/66
.
VKFCZK_
Hmjk Vkfctk
Zdkrk is lm hmjk rkfctk nmr ykcray hmjk mn prkhiuh pcyhklt
uljkr tdis pacl. Il ocsk mn dcan-ykcray hmjk, tdkrk is cl
cjjitimlca prkhiuh mn 6% mn tdk tcfuacr clluca prkhiuh.
Acrgk _uh Cssurkj Vkfctks
C rkfctk mn Vs.0.6; %m _uh Cssurkj wiaa fk caamwkj uljkr
_ilgak Prkhiuh pmaioiks witd _uhs Cssurkj mn Vs. Mlk Ormrk
clj cfmvk. Zdkrk wiaa fk lm rkfctk nmr acrgk _uh Cssurkj il
ocsk mn Vkguacr Prkhiuh.
Vkfctk nmr Omrpmrctiml Khpamykks
Pmaioiks issukj tm Omrpmrctiml Khpamykks ml tdkir mwl aivks
uljkr tdis pacl wiaa fk kaigifak nmr c rkjuotiml @ 30% mn tdk
Zcfuacr prkhiuh nmr Dcan-ykcray clj ykcray hmjk. Il ocsk mn
c silgak prkhiuh pmaioy tdis rkfctk wiaa fk 6% mn tdk tcfuacrprkhiuh.
-
7/30/2019 Minor Project Report on a Study on l.i.c
37/66
.
[LJKVWVIZILG, CGK PVMMN CLJ HKJIOCA
VKS[IVKHKLZ_
Zdk Pacl wiaa fk caamwkj tm stcljcrj clj sufstcljcrj aivks. Il ocskmn nkhcak aivks, tdis pacl wiaa fk rkstriotkj tm Octkgmry-I clj II aivks
mlay. Pdysiocaay dcljiocppkj pkrsmls ncaailg uljkr Grmup C witd
amss mn mlk aihf wiaa fk kaigifak nmr tdis Pacl witd stcljcrj kxtrc
rctks. Zdis Pacl ocl fk caamwkj tm pkrsmls klgcgkj il dczcrjmus
mooupctimls fy odcrgilg cpprmprictk mooupctiml kxtrc mr witd Oacusk
4>. Nurtdkr, tdk nmaamwilg pmilts sdmuaj fk lmtkj
_tcljcrj cgk prmmn wiaa dcvk tm fk sufhittkj camlg witd tdkPrmpmsca Nmrh.
Prmpmscas wiaa fk omlsijkrkj ml tdk fcsis mn Hkjioca Vkpmrtsclj _pkoica rkpmrts (in cly). NHV wiaa fk rkquirkj tm fk jmlk
fy JHV / Cjja. JHV mr fy ZPC. NHV nrmh HKs witd
kldclokj pmwkrs wiaa lmt fk cookptkj.
Omst mn hkjioca kxchilctiml (iloaujilg _pkoica rkpmrts, in cly)wiaa fk fmrlk fy tdk Omrpmrctiml cs pkr ruaks.
Nmr tdk purpmsk mn _[O clj uljkrwritilg (_pkoica Vkpmrts,Nilcloica uljkrwritilg kto.), tdk _uh Cssurkj uljkr tdk pacl
is tm fk omlsijkrkj.
PCIJ [P CLJ _[VVKLJKV ^CA[K
Zdk pmaioy wiaa lmt coquirk cly pcij-up vcauk. Lm _urrkljkr ^cauk wiaa fk cvciacfak uljkr tdis pacl.
-
7/30/2019 Minor Project Report on a Study on l.i.c
38/66
.
AMCL
Lm amcl wiaa fk grcltkj uljkr tdis pacl.
GVCOK PKVIMJ NMV LML-NMVNKI Z[VK PVM^I_IML_
(Nmr pmaioiks witd Vkguacr Prkhiuh)
C grcok pkrimj mn 3; jcys wiaa fk caamwkj nmr pcyhklt mn ykcray mr
dcan-ykcray prkhiuhs. In jkctd moours witdil tdis pkrimj clj fknmrk
tdk pcyhklt mn tdk prkhiuh tdkl juk, tdk pmaioy sdcaa fk vcaij clj
tdk _uh Cssurkj sdcaa fk pcycfak cntkr jkjuotiml mn tdk scij
prkhiuh cs casm ulpcij prkhiuhs, in cly, ncaailg juk fknmrk tdk lkxt
pmaioy cllivkrscry mn tdk pmaioy. In prkhiuhs crk lmt pcij witdil tdk
grcok pkrimj, tdk pmaioywiaa acpsk.
VK^I^CA (Nmr pmaioiks witd Vkguacr Prkhiuh)
In tdk pmaioy dcs acpskj, it hcy fk rkvivkj jurilg tdk aink tihk mn tdk
Aink Cssurkj, fut witdil c pkrimj mn ; ykcrs nrmh tdk jctk mn nirstulpcij prkhiuh clj fknmrk tdk jctk mn hcturity, ml sufhissiml mn
prmmn mn omltilukj ilsurcfiaity tm tdk sctisncotiml mn tdk Omrpmrctiml
clj tdk pcyhklt mn caa tdk crrkcrs mn prkhiuh tmgktdkr witd iltkrkst
ct suod rctk cs hcy fk prkvciailg ct tdk tihk mn rkvivca. Zdk
Omrpmrctiml rkskrvks tdk rigdt tm cookpt ct mrjilcry tkrhs, cookpt
witd hmjinikj tkrhs mr jkoailk tdk rkvivca mn c jisomltilukj pmaioy.
-
7/30/2019 Minor Project Report on a Study on l.i.c
39/66
.
Vkvivca mn acpskj pmaioiks ocl fk omlsijkrkj witd tdk nmaamwilg
rkquirkhklts2
Zdk omst mn tdk hkjioca rkpmrts, iloaujilg spkoica rkpmrts, in cly,
rkquirkj nmr tdk purpmsks mn rkvivca mn tdk pmaioy, sdcaa fk fmrlk fy
tdk Aink Cssurkj.
Zdk rkvivca mn c jisomltilukj pmaioy sdcaa tcek knnkot mlay cntkr tdk
schk is cpprmvkj fy tdk Omrpmrctiml clj is spkoiniocaay
omhhulioctkj tm tdk Prmpmskr/Aink Cssurkj.
PCYHKLZ MN OACI H_2
Lm oacih omlokssiml clj kxtkljkj oacih omlokssiml wiaa fk cppaiocfak
tm tdis pmaioy.
VKIL_[VCLOK2
Zdk rkilsurclok ruaks wiaa fk cs cppaiocfak tm tkrh cssurclok pacls.
Pkrimj nrmh Nirst [lpcij Prkhiuh Vkquirkhklts nmr rkvivca
3> jcys tm >0 jcysCrrkcrs mn prkhiuhs witd iltkrkst
tdkrkml
>3 jcys clj cfmvk
Crrkcrs mn prkhiuhs witd iltkrkst
tdkrkml sufbkot tm sufhissiml mn prmmn mn
omltilukj ilsurcfiaity tm tdk sctisncotiml
mn tdk Omrpmrctiml cs pkr uljkrwritilg
ruaks prkvciailg ct tdk tihk mn rkvivca.
-
7/30/2019 Minor Project Report on a Study on l.i.c
40/66
.
BMILZ AINK PACLBkkvcl _cctdi
Prmjuot suhhcry2
Zdis is cl Kljmwhklt Cssurclok Pacl issukj ml tdk aivks mn dusfclj
clj wink. Zdk pacl prmvijks nilcloica prmtkotiml cgcilst jkctd mn
fmtd tdk aivks. It pcys tdk hcturity chmult ml survivca mn mlk mr fmtd
tdk aivks tm tdk klj mn tdk pmaioy tkrh.
Prkhiuhs2
Prkhiuhs crk pcycfak ykcray, dcan-ykcray, qucrtkray, hmltday mr
tdrmugd scacry jkjuotimls cs pkr mptkj fy ymu tdrmugdmut tdk tkrh
mn tdk pmaioy mr tiaa tdk nirst jkctd mn tdk aivks omvkrkj, wdiodkvkr is
kcraikr.
Fmlusks2
Zdis is c witd-prmnit pacl clj pcrtioipctks il tdk prmnits mn tdk
Omrpmrctimls aink ilsurclok fusilkss. It gkts c sdcrk mn tdk prmnits il
tdk nmrh mn fmlusks. _ihpak Vkvkrsimlcry Fmlusks crk jkoacrkj pkr
tdmusclj _uh Cssurkj cllucaay ct tdk klj mn kcod nilcloica ykcr.
Mlok jkoacrkj, tdky nmrh pcrt mn tdk gucrcltkkj fklknits mn tdk pacl.
_uod fmlusks crk tm fk cjjkj tiaa jctk mn hcturity mr tdk skomlj
jkctd mn tdk aivks omvkrkj, wdiodkvkr is kcraikr. Nilca (Cjjitimlca)
Fmlus hcy casm fk pcycfak prmvijkj pmaioy dcs rul nmr okrtcil
hilihuh pkrimj.
-
7/30/2019 Minor Project Report on a Study on l.i.c
41/66
-
7/30/2019 Minor Project Report on a Study on l.i.c
42/66
.
Fcaclokj [AIPs (ocl typiocaay ilvkst crmulj :0%->0% ilkquitiks)
Omlskrvctivk [AIPs (ocl typiocaay ilvkst up tm 60% il kquitiks)
Catdmugd tdis is dmw tdk [AIP mptimls crk gklkrcaay jksiglkj, tdk
kxcot jkft/kquity caamoctimls hcy vcry cormss ilsurclok omhpcliks.
Iljivijucas ocl mpt nmr c vcriclt fcskj ml tdkir rise prmniak. Nmr
kxchpak, c ?0-Yr maj iljivijuca ammeilg ct fuyilg c aink ilsurclok
pacl tdct casm dkaps dih fuiaj c omrpus nmr rktirkhklt ocl omlsijkr
ilvkstilg il tdk Fcaclokj mr kvkl tdk Cggrkssivk [AIP. Aiekwisk, c
rise-cvkrsk iljivijuca wdm is lmt omhnmrtcfak witd c digd kquity
caamoctiml ocl mpt nmr tdk Omlskrvctivk [AIP.
?. N akxifia ity2
Iljivijucas hcy wkaa cse dmw [AIPs crk cly jinnkrklt nrmh hutuca
nuljs. Cntkr caa, hutuca nuljs casm mnnkr dyfrij/fcaclokj sodkhks
tdct caamw cl iljivijuca tm skakot c pacl coomrjilg tm dis rise prmniak.
Zdk jinnkrklok aiks il tdk nakxifiaity tdct [AIPs cnnmrj tdk iljivijuca.
Iljivijucas ocl switod fktwkkl tdk [AIP vcriclts mutailkj cfmvk tm
ocpitcaizk ml ilvksthklt mppmrtulitiks cormss tdk kquity clj jkft
hcrekts. _mhk ilsurclok omhpcliks caamw c okrtcil luhfkr mn `nrkk'
switodks. Zdis is cl ihpmrtclt nkcturk tdct caamws tdk ilnmrhkj
iljivijuca/ilvkstmr tm fklknit nrmh tdk vcgcriks mn stmoe/jkft
hcrekts. Nmr ilstclok, wdkl stmoe hcrekts wkrk ml tdk frile mn
7,000 pmilts (_klskx), tdk ilnmrhkj ilvkstmr omuaj dcvk sdintkj dis
csskts nrmh cl Cggrkssivk [AIP tm c amw-rise Omlskrvctivk [AIP.
-
7/30/2019 Minor Project Report on a Study on l.i.c
43/66
.
?. Wmres aiek cl _IP
Vupkk omst-cvkrcgilg is clmtdkr ihpmrtclt fklknit cssmoictkj witd
[AIPs. Iljivijucas dcvk prmfcfay carkcjy dkcrj mn tdk _ystkhctio
Ilvksthklt Pacl (_IP) wdiod is ilorkcsilgay fkilg cjvmoctkj fy tdk
hutuca nulj iljustry. Witd cl _IP, iljivijucas ilvkst tdkir hmliks
rkguacray mvkr tihk iltkrvcas mn c hmltd/qucrtkr clj jml't dcvk tm
wmrry cfmut `tihilg' tdk stmoe hcrekts. Zdksk crk lmt fklknits
pkouaicr tm hutuca nuljs. Lmt hcly rkcaizk tdct [AIPs casm tklj tm
jm tdk schk, cafkit ml c qucrtkray/dcan-ykcray fcsis. Cs c hcttkr mnncot, kvkl tdk clluca prkhiuh il c [AIP wmres ml tdk rupkk omst-
cvkrcgilg priloipak. Cl cjjkj fklknit witd [AIPs is tdct iljivijucas
ocl casm ilvkst c mlk-tihk chmult il tdk [AIP kitdkr tm fklknit nrmh
mppmrtulitiks il tdk stmoe hcrekts mr in tdky dcvk cl ilvkstifak
surpaus il c pcrtiouacr ykcr tdct tdky wisd tm put csijk nmr tdk nuturk.
http://www.personalfn.com/detail.asp?date=8/19/2004&story=1http://www.personalfn.com/detail.asp?date=8/19/2004&story=1http://www.personalfn.com/detail.asp?date=8/19/2004&story=1http://www.personalfn.com/detail.asp?date=8/19/2004&story=1 -
7/30/2019 Minor Project Report on a Study on l.i.c
44/66
.
[AIPs vs. Hutuca Nuljs2 Wdm s fkttkr=
[lit Ailekj Ilsurclok Pmaioiks ([AIPs) cs cl ilvksthklt cvkluk crk
oamskst tm hutuca nuljs il tkrhs mn tdkir struoturk clj nulotimlilg.
Cs is tdk ocsk witd hutuca nuljs ilvkstmrs il [AIPs crk caamttkj ulits
fy tdk ilsurclok omhpcly clj c lkt csskt vcauk (LC^) is jkoacrkj nmr
tdk schk ml c jciay fcsis.
_ihiacray [AIP ilvkstmrs dcvk tdk mptiml mn ilvkstilg cormss vcrimussodkhks sihiacr tm tdk mlks nmulj il tdk hutuca nuljs jmhcil, i.k.
jivkrsinikj kquity nuljs, fcaclokj nuljs clj jkft nuljs tm lchk c
nkw. Gklkrcaay spkceilg, [AIPs ocl fk tkrhkj cs hutuca nulj
sodkhks witd cl ilsurclok omhpmlklt.
Dmwkvkr it sdmuaj lmt fk omlstrukj tdct fcrrilg tdk ilsurclok
kakhklt tdkrk is lmtdilg jinnkrkltictilg hutuca nuljs nrmh [AIPs.
Dmw [AIPs ocl hcek ymu VIOD!
Jkspitk tdk skkhilgay omhpcrcfak struoturks tdkrk crk vcrimus
ncotmrs wdkrkil tdk twm jinnkr.
Il tdis crtioak wk kvcauctk tdk twm cvkluks ml okrtcil omhhml
pcrchktkrs clj nilj mut dmw tdky hkcsurk up.
http://in.rediff.com/money/2005/oct/14perfin.htmhttp://in.rediff.com/money/2005/oct/14perfin.htm -
7/30/2019 Minor Project Report on a Study on l.i.c
45/66
.
3. Hmjk mn ilvksthklt/ ilvksthklt chmults
Hutuca nulj ilvkstmrs dcvk tdk mptiml mn kitdkr hceilg auhp suh
ilvksthklts mr ilvkstilg usilg tdk systkhctio ilvksthklt pacl (_IP)
rmutk wdiod kltcias omhhithklts mvkr amlgkr tihk dmrizmls. Zdk
hilihuh ilvksthklt chmults crk acij mut fy tdk nulj dmusk.
[AIP ilvkstmrs casm dcvk tdk odmiok mn ilvkstilg il c auhp suh
(silgak prkhiuh) mr usilg tdk omlvkltimlca rmutk, i.k. hceilg
prkhiuh pcyhklts ml cl clluca, dcan-ykcray, qucrtkray mr hmltday
fcsis. Il [AIPs, jktkrhililg tdk prkhiuh pcij is mntkl tdk stcrtilg
pmilt nmr tdk ilvksthklt cotivity.
Zdis is il stcre omltrcst tm omlvkltimlca ilsurclok pacls wdkrk tdk
suh cssurkj is tdk stcrtilg pmilt clj prkhiuhs tm fk pcij crk
jktkrhilkj tdkrkcntkr.
[AIP ilvkstmrs casm dcvk tdk nakxifiaity tm catkr tdk prkhiuh chmults
jurilg tdk pmaioy's tklurk. Nmr kxchpak cl iljivijuca witd cookss tm
surpaus nuljs ocl kldclok tdk omltrifutiml tdkrkfy klsurilg tdct dis
surpaus nuljs crk gcilnuaay ilvkstkj5 omlvkrskay cl iljivijuca ncokj
witd c aiquijity orulod dcs tdk mptiml mn pcyilg c amwkr chmult (tdk
jinnkrklok fkilg cjbustkj il tdk coouhuactkj vcauk mn dis [AIP). Zdk
nrkkjmh tm hmjiny prkhiuh pcyhklts ct mlk's omlvkliklok oakcray
givks [AIP ilvkstmrs cl kjgk mvkr tdkir hutuca nulj omultkrpcrts.
-
7/30/2019 Minor Project Report on a Study on l.i.c
46/66
.
6. Kxpklsks
Il hutuca nulj ilvksthklts, kxpklsks odcrgkj nmr vcrimus cotivitiks
aiek nulj hclcgkhklt, scaks clj hcrektilg, cjhilistrctiml chmlg
mtdkrs crk sufbkot tm prk-jktkrhilkj uppkr aihits cs prksorifkj fy
tdk _kouritiks clj Kxodclgk Fmcrj mn Iljic.
Nmr kxchpak kquity-mrikltkj nuljs ocl odcrgk tdkir ilvkstmrs c
hcxihuh mn 6.;% pkr clluh ml c rkourrilg fcsis nmr caa tdkir
kxpklsks5 cly kxpklsk cfmvk tdk prksorifkj aihit is fmrlk fy tdk nulj
dmusk clj lmt tdk ilvkstmrs.
_ihiacray nuljs casm odcrgk tdkir ilvkstmrs kltry clj kxit amcjs (il
hmst ocsks, kitdkr is cppaiocfak). Kltry amcjs crk odcrgkj ct tdk
tihilg mn hceilg cl ilvksthklt wdiak tdk kxit amcj is odcrgkj ct tdk
tihk mn scak.
Ilsurclok omhpcliks dcvk c nrkk dclj il akvyilg kxpklsks ml tdkir
[AIP prmjuots witd lm uppkr aihits fkilg prksorifkj fy tdk
rkguactmr, i.k. tdk Ilsurclok Vkguactmry clj Jkvkamphklt Cutdmrity.
Zdis kxpacils tdk omhpakx clj ct tihks 'ulwikajy' kxpklsk struoturks
ml [AIP mnnkrilgs. Zdk mlay rkstrcilt pacokj is tdct ilsurkrs crk
rkquirkj tm lmtiny tdk rkguactmr mn caa tdk kxpklsks tdct wiaa fk
odcrgkj ml tdkir [AIP mnnkrilgs.
Kxpklsks ocl dcvk ncr-rkcodilg omlskqukloks ml ilvkstmrs silok
digdkr kxpklsks trclsactk iltm amwkr chmults fkilg ilvkstkj clj c
shcaakr omrpus fkilg coouhuactkj. [AIP-rkactkj kxpklsks dcvk fkkl
jkcat witd il jktcia il tdk crtioak "[ljkrstcljilg [AIP kxpklsks".
-
7/30/2019 Minor Project Report on a Study on l.i.c
47/66
.
?. Pmrtnmai m jisoamsurk
Hutuca nulj dmusks crk rkquirkj tm stctutmriay jkoacrk tdkir
pmrtnmaims ml c qucrtkray fcsis, cafkit hmst nulj dmusks jm sm ml c
hmltday fcsis. Ilvkstmrs gkt tdk mppmrtulity tm skk wdkrk tdkir
hmliks crk fkilg ilvkstkj clj dmw tdky dcvk fkkl hclcgkj fy
stujyilg tdk pmrtnmaim.
Zdkrk is acoe mn omlsklsus ml wdktdkr [AIPs crk rkquirkj tm jisoamsk
tdkir pmrtnmaims. Jurilg mur iltkrcotimls witd akcjilg ilsurkrs wk
ochk cormss jivkrgklt vikws ml tdis issuk.
Wdiak mlk sodmma mn tdmugdt fkaikvks tdct jisoamsilg pmrtnmaims ml c
qucrtkray fcsis is hcljctmry, tdk mtdkr fkaikvks tdct tdkrk is lm akgca
mfaigctiml tm jm sm clj tdct ilsurkrs crk rkquirkj tm jisoamsk tdkir
pmrtnmaims mlay ml jkhclj.
_mhk ilsurclok omhpcliks jm jkoacrk tdkir pmrtnmaims ml c
hmltday/qucrtkray fcsis. Dmwkvkr tdk acoe mn trclspcrkloy il [AIP
ilvksthklts omuaj fk c ocusk nmr omlokrl omlsijkrilg tdct tdk chmult
ilvkstkj il ilsurclok pmaioiks is kssklticaay hkclt tm prmvijk nmr
omltilgkloiks clj nmr amlg-tkrh lkkjs aiek rktirkhklt5 rkguacr
pmrtnmaim jisoamsurks ml tdk mtdkr dclj ocl klcfak ilvkstmrs tm hcek
tihkay ilvksthklt jkoisimls.
-
7/30/2019 Minor Project Report on a Study on l.i.c
48/66
.
[AIPs vs. Hutuca Nuljs
[AIPs Hutuca Nuljs
Ilvksthklt
chmults
Jktkrhilkj fy
tdk ilvkstmr clj
ocl fk hmjinikj
cs wkaa
Hilihuhilvksthklt
chmults crk
jktkrhilkj fy tdk
nulj dmusk
Kxpklsks
Lm uppkr aihits,
kxpklsks
jktkrhilkj fy
tdk ilsurclok
omhpcly
[ppkr aihits nmr
kxpklsks
odcrgkcfak tm
ilvkstmrs dcvk fkkl
skt fy tdk rkguactmr
Pmrtnmaim
jisoamsurk Lmt hcljctmry*
Sucrtkray
jisoamsurks crk
hcljctmry
Hmjinyilg csskt
caamoctiml
Gklkrcaay
pkrhittkj nmr nrkk
mr ct c lmhilca
omst
Kltry/kxit amcjs
dcvk tm fk fmrlk fy
tdk ilvkstmr
Zcx fklknits
_kotiml 40O
fklknits crk
cvciacfak ml caa
[AIP
ilvksthklts
_kotiml 40O
fklknits crk
cvciacfak mlay ml
ilvksthklts il tcx-
scvilg nuljs
* Zdkrk is acoe mn omlsklsus ml wdktdkr [AIPs crk rkquirkj tm
jisoamsk tdkir pmrtnmaims. Wdiak smhk ilsurkrs oacih tdct jisoamsilg
pmrtnmaims ml c qucrtkray fcsis is hcljctmry, mtdkrs stctk tdct tdkrk is
lm akgca mfaigctiml tm jm sm.
-
7/30/2019 Minor Project Report on a Study on l.i.c
49/66
.
:. Nakxifiaity il catkrilg tdk csskt caamoctiml
Cs wcs stctkj kcraikr, mnnkrilgs il fmtd tdk hutuca nuljs skghklt clj
[AIPs skghklt crk acrgkay omhpcrcfak. Nmr kxchpak pacls tdct
ilvkst tdkir kltirk omrpus il kquitiks (jivkrsinikj kquity nuljs), c
>02:0 caamthklt il kquity clj jkft ilstruhklts (fcaclokj nuljs) clj
tdmsk ilvkstilg mlay il jkft ilstruhklts (jkft nuljs) ocl fk nmulj il
fmtd [AIPs clj hutuca nuljs.
In c hutuca nulj ilvkstmr il c jivkrsinikj kquity nulj wisdks tm sdint
dis omrpus iltm c jkft nrmh tdk schk nulj dmusk, dk omuaj dcvk tm
fkcr cl kxit amcj clj/mr kltry amcj.
Ml tdk mtdkr dclj hmst ilsurclok omhpcliks pkrhit tdkir [AIP
ilvkltmrs tm sdint ilvksthklts cormss vcrimus pacls/csskt oacssks kitdkr
ct c lmhilca mr lm omst (usucaay, c omupak mn switodks crk caamwkj nrkk
mn odcrgk kvkry ykcr clj c omst dcs tm fk fmrlk nmr cjjitimlcaswitodks).
Knnkotivkay tdk [AIP ilvkstmr is givkl tdk mptiml tm ilvkst cormss csskt
oacssks cs pkr dis omlvkliklok il c omst-knnkotivk hcllkr.
Zdis ocl prmvk tm fk vkry usknua nmr ilvkstmrs, nmr kxchpak il c fuaa
hcrekt wdkl tdk [AIP ilvkstmr's kquity omhpmlklt dcs cpprkoictkj,dk ocl fmme prmnits fy sihpay trclsnkrrilg tdk rkquisitk chmult tm c
jkft-mrikltkj pacl.
-
7/30/2019 Minor Project Report on a Study on l.i.c
50/66
.
;. Zcx fklkni ts
[AIP ilvksthklts qucainy nmr jkjuotimls uljkr _kotiml 40O mn tdk
Ilomhk Zcx Cot. Zdis dmajs gmmj, irrkspkotivk mn tdk lcturk mn tdk
pacl odmskl fy tdk ilvkstmr. Ml tdk mtdkr dclj il tdk hutuca nuljs
jmhcil, mlay ilvksthklts il tcx-scvilg nuljs (casm rknkrrkj tm cs
kquity-ailekj scvilgs sodkhks) crk kaigifak nmr _kotiml 40O fklknits.
Hcturity prmokkjs nrmh [AIPs crk tcx nrkk. Il ocsk mn kquity-
mrikltkj nuljs (nmr kxchpak jivkrsinikj kquity nuljs, fcaclokj
nuljs), in tdk ilvksthklts crk dkaj nmr c pkrimj mvkr 36 hmltds, tdk
gcils crk tcx nrkk5 omlvkrskay ilvksthklts smaj witdil c 36-hmltd
pkrimj cttrcot sdmrt-tkrh ocpitca gcils tcx @ 30%.
_ihiacray, jkft-mrikltkj nuljs cttrcot c amlg-tkrh ocpitca gcils tcx @
30%, wdiak c sdmrt-tkrh ocpitca gcil is tcxkj ct tdk ilvkstmr's
hcrgilca tcx rctk.
Jkspitk tdk skkhilgay sihiacr struoturks kvijkltay fmtd hutuca nuljs
clj [AIPs dcvk tdkir uliquk skt mn cjvcltcgks tm mnnkr. Cs cawcys, it
is vitca nmr ilvkstmrs tm fk cwcrk mn tdk lucloks il fmtd mnnkrilgs clj
hcek ilnmrhkj jkoisimls.
-
7/30/2019 Minor Project Report on a Study on l.i.c
51/66
-
7/30/2019 Minor Project Report on a Study on l.i.c
52/66
.
It dcs givkl juk omlsijkrctiml tm its iltkrlca struoturk clj dcsfkkl strkchailkj, fksijks tdis, tdk omhpcly klsurks tdct it gkts
nkkjfcoe nrmh its cgklts, Oustmhkr Vkactimlsdip Hclcgkhklt
(OVH) clj pacllilg hclcgkrs.
Wdct rkcaay dkap AIO rktcil cl kjgk mvkr its omhpktitmrs crk itscgklts. It is pcyilg hmrk cttkltiml tmwcrjs its cgklts tdcl
fknmrk clj is mnnkrilg c prktty gmmj pcoecgk.
Ml tdk omhhulioctiml nrmlt, AIO dcs nmouskj c amt mlomrpmrctk cjvkrtiskhklts omhhkhmrctilg witd AIOs gmajkl
bufiakk clj hcly mtdkrs wiz rkhiljilg pkmpak wdm wclt c
omlokssiml nmr tcxctiml.
HCVEKZILG _ZVCZKGIK_ MN PVMHILKLZ
IL_[VCLOK PACYKV_- C OMHPCVCZI^K
_Z[JY
AINK IL_[VCLOK OMVPMVCZIML MN ILJIC
AIO is tdk akcjkr il tdk ilsurclok skotmr witd crmulj 4?%hcrekt sdcrk.
AIO dcs tikj up witd Omrpmrctiml Fcle clj ^ibcyc Fcle nmrjistrifutiml mn its prmjuot.
AIO dcs omhputkrizkj clj ailekj caa 60:4 frclodks. AIO wcs tdk nirst tm iltrmjuok mlailk prkhiuh pcyhklt
ncoiaitiks.
AIO is nmousilg ml rurca hcrekt fkocusk mn its kstcfaisdkj frcljlchk.
-
7/30/2019 Minor Project Report on a Study on l.i.c
53/66
.
IOIOI PV[JKLZICA AINK2
IOIOI Pru. is tdk hcbmr omhpktitmr mn AIO. It dcs tdk hcxihuh
hcrekt sdcrk chmlg privctk pacykrs.
Omhpcliks usilg tmmas aiek wmrestctimls hcrektilg, omrpmrctkhcrektilg, rmcj sdmws clj stcaas il trcjk ncir, amcjilg, kto.
Its strctkgy is tm codikvk socak il prkhiuh ilomhk cljjistrifutiml nmrok il sdmrtkst tihk.
Nmous is hmrk ml jirkot skaailg cpcrt nrmh omhhulioctiml cljfuiajilg pkrsmlca rkactimlsdips.
Omhpcly is hcrektilg ct wmresitk clj nmr omrpmrctk oustmhkrsdcs cjmptkj c huatiodcllka jistrifutiml hmjka.
Omhpcly is skaailg its prmjuots cs amlg-tkrh ilvksthklt pacls.
HCT LKW YMVE AINK (HLYA)2
Hcx Lkw Ymre Aink is mpkrctilg witd 6;00 cgklts sprkcj il
cotivitiks il Iljic.
It is usilg iljivijuca cgklts cs its prihcry smurok mn jistrifutiml. It mnnkrs nakxifak prmjuots witd hcly mptimls clj rijkrs. Zdk omhpcly is usilg vcrimus hktdmjs aiek hkjic cjvkrtisilg,
kvklt spmlsmrsdip, kto. clj tmmas aiek jirkot hcrektilg
rkactimlsdip fuiajilg tm gklkrctk cwcrklkss clj fuiaj oustmhkr
fcsk.
-
7/30/2019 Minor Project Report on a Study on l.i.c
54/66
.
HKZ AINK2
Hkt Aink is c gamfca akcjkr il tdk nilcloica skrvioks clj it dcs tikj
up witd Gkmbkt Ilnmail Zkodlmamgiks nmr hcrektilg clj
jistrifutiml mn its prmjuots il Iljic.
It dcs nmaamwkj tdk strctkgy mn pdcsk-wisk iltrmjuotiml mnprmjuots il tdk hcrekt.
It dcs fuljak hktdmj mn mnnkrilg prmjuots wdiod iloaujksilvksthklt mptimls rclgilg nrmh ilsurclok, kquitiks, jkrivctivks,
hutuca nuljs clj ZPMs
Zdk hcrekt skghklt ml wdiod HktAink is nmousilg is _mutd Iljicclj B&E.
ZCZC- CIG2
Zdk omhpcly is nmaamwilg hcss hcrektilg tm omvkr cs hcly cs
aivks cs pmssifak il tdk ilitica ykcrs mn its mpkrctiml. It dcs kxpkrtisk
il csskssilg tdk rise omvkrkj.
FCBCB- CAAICLR2
It is givilg omhpktitiml tm pufaio skotmr gklkrca ilsurclok
omhpcliks.
Its hcil nmous is ml cutmhmfiak. Its cjvkrtiskhklts crk cppkcrilg il amoca lkwspcpkr, tkakvisiml
clj dmrjilg.
-
7/30/2019 Minor Project Report on a Study on l.i.c
55/66
.
FIVAC- _[L AINK2
It is nmousilg hcilay ml digd lkt wmrtd pkmpak sm tdct digdkr suh
cssurkj ocl fk tcekl up.
_FI _ZCLJCVJ AINK
Its prmjuots crk sihpak It is jmilg frclodwisk skghkltctiml. Cvkrcgk sizk mn tdk pmaioiks is shcaakr.
DJNO _ZCLJCVJ AINK2
DJNO is tdk akcjkr il dmusilg nilclok il Iljic clj _tcljcrj Aink
is tdk [E hcrekt akcjkr.
Zdk omhpcly is usilg jirkot hcrektilg tcotios tm fuiaj DJNO
frclj clj omlviloilg tdk oustmhkr ilsurclok cs c prmtkotiml tmma.
-
7/30/2019 Minor Project Report on a Study on l.i.c
56/66
.
WMVEILG VK_[AZ_ CLJ PVMGVK__ MN AINKIL_[VCLOK OMVPMVCZIML MN ILJIC
Nmr tdk ykcr 600;-600>, tdk Omrpmrctiml dcs wijklkj its rkcod fyrkgistkrilg cllucaizkj grmwtd mn 30.7;% ml pmaioiks, 60% ml _uh
Cssurkj clj 6:.:3% ml Prkhiuh Ilomhk mvkr tdk pkrimj mn acst twm
ykcrs.
Zdk Aink Ilsurclok Omrpmrctiml dcs kcrlkj Vs.;400 ormrk prmnit il
600;-0> wdiak its nirst ykcr prkhiuh ilomhk jurilg tdk pkrimj grkw
fy c rkomrj :4% tm Vs.3404; ormrk. Fksijks lkw prmjuots il kxistilg
octkgmriks, AIO dcs cpprmcodkj rkguactmr IVJC nmr aculodilg c
hiorm ilsurclok prmjuot nmr tdk rurca pmmr.
PMAIOIK_
_[H C__[VKJ
PVKHI[H
ILOMHK
-
7/30/2019 Minor Project Report on a Study on l.i.c
57/66
Mur surpaus (prmnit) wcs Vs.;400 ormrk il 600;-0>, AIO odcirhcl
C.E. _dueac scij ml tdk sijkailks mn tdk ilcugurctiml mn AIO Riljcgi
Kxprkss, cl kxdifitiml sdmwocsilg AIOs ;0-ykcr distmry ml c trcil.
AIO omaakotkj Vs.3404; ormrk cs prkhiuh jurilg tdk nisoca kljkj
Hcrod 600> fy skaailg ?.37 ormrk pmaioiks omhpcrkj tm Vs.36370 ormrkomaakotkj fy skaailg 6.?9 ormrk pmaioiks il tdk schk pkrimj acst ykcr.
_dueac scij AIOs tmtca ilvksthklt il stmoes is aiekay tm ilorkcsk tm
Vs.:0000 ormrk nrmh Vs.?:000 ormrk ct prksklt. AIO, wdiod is
okakfrctilg its Gmajkl Bufiakk ykcr, dcs aculodkj lkw prmjuots il aink
ilsurclok, pklsiml clj clluity, clj is lmw wmreilg ml c hiorm
ilsurclok prmjuot. Wk dcvk sklt c hiorm ilsurclok prmjuot tm
IVJC nmr cpprmvca, _dueac scij, cjjilg tdct it wmuaj fk aculodkj
smml. Dk scij AIO dcs casm rkqukstkj IVJC tm caamw it tm pcrtlkr
witd hmrk tdcl mlk gklkrca ilsurkr nmr hiorm ilsurclok juk tm acrgk-
socak mpkrctimls il tdk omultry.
GVMWZD IL CGKLOY MVGCLI_CZIML
Zdk grmwtd il tdk luhfkr mn Cgklts nrmh 7.96 aced tm mvkr 9.>0 aced
cs ct tdk klj mn tdk ourrklt ykcr omupakj witd cppmilthklt mn mvkr
330 Omrpmrctk Cgkloiks dcs omltrifutkj tm tdk grmwtd il tdk luhfkr
mn pmaioiks.
FK_Z K^KV OACIH PKVNMVHCLOK
Zdk skttakhklt mn oacihs is tdk fkst ycrjstioe tm bujgk tdk
pkrnmrhclok mn cly ilsurclok omhpcly. AIO dcs sdmwl fkst rksuats
il tdk crkc fy skttailg 9:.;; aced oacihs. Zdk oacihs pkrnmrhclok dcs
fkkl ihprmvilg ykcr cntkr ykcr. Kcraikr, tdk mutstcljilg oacihs rctim
wcs 0.>>% il tkrhs mn luhfkr mn oacihs, tdk schk dcs tmuodkj tdk
amwkst kff ct 0.6?% jurilg 600;-0> clj tdis hctodks witd tdkpkrnmrhclok mn cly suod ilsurclok omhpcly il tdk wmraj.
Zdk Omrpmrctiml is omhhittkj tm nuaniaa tdk mfbkotivk mn sprkcjilg tdk
aink ilsurclok hksscgk tm kvkry lmme clj omrlkr mn tdk omultry fy
ilorkcsilg tdk luhfkr mn scaks.
-
7/30/2019 Minor Project Report on a Study on l.i.c
58/66
GVMWZD MN AIO IL ZKVH_ MN PVKHI[H_
OMHPCLIK_Nirst ykcrPrkhiuh
0;-0>sdcrk(%) Grmwtd (%)
NY0;
NY0>
AIO 6;>:; 70.3 -3;.6 40
Fcbcb Caaiclz 673> 4 :03.3 63?
IOIOI Prujkltica 6>?7 7.: 337.: ;7.9
DJNO stcljcrjs 3069 ? 34;.3 90
_FI Aink 469 6.; 3:9.> 73
Firac _ul aink >74 6 :0.6 9.4
Zctc CIG :>? 3.? 77.9 ;3.3
Hcx Lkw Ymre ::? 3.? 47.: 46.3
Cvivc :04 3.6 3;7.6 309.>
Emtce Hcdiljrc MajHutuca ?94 3.6 69:.9 :.4
ILG ^ysyc 64: 0.4 69>.3 0.7
Vkaiclok Aink 39? 0.> 6?;.: 30>.7
HktAink 3:? 0.: 3;7.3 3;3.:
_cdcrc Aink 66 0.3 0 0
-
7/30/2019 Minor Project Report on a Study on l.i.c
59/66
.
FML[_ NVMH AIO ZM IZ_ PMAIOY DMAJKV_
NMV ZDK YKCV 600:-0;
Fmlus mn Aink Ilsurclok Omrpmrctiml mn Iljic wcs cllmulokj ml 3;td
Lmvkhfkr, 600; nmr its pmaioy dmajkrs nmr tdk ykcr 600:-0; pursuclt
tm tdk Coturica ^cauctiml cs ml ?3st Hcrod, 600;. C surpaus mn
Vs.3?,90:.63 ormrk khkrgkj cs c rksuat mn vcauctiml. Mut mn tdk
surpaus jkoacrkj, 9;% i.k. Vs.>9;.63 ormrk is tdk sdcrk mn
Gmvkrlhklt mn Iljic. Zdk luhfkr mn il-nmrok pmaioiks dcs gmlk up
nrmh 3;.>6 ormrk tm 3>.;9 ormrk cs ml ?3stHcrod, 600;.
-;000
0;000
300003;00060000
6;000?0000
OMHPCLIK_
F
cbcb
DJNO
Firac_ulaink
Hcx
Lkw
E
mtce
Vkaic
lok
_cdcrc
Aink
-
7/30/2019 Minor Project Report on a Study on l.i.c
60/66
.
VK^KV_IMLCVY FML[_ VCZK_
Wdmak Aink Pmaioiks-Vs.73.00 pkr tdmusclj suh cssurkj.Fmlus ml vcrimus pacls pkr tdmusclj suh cssurkj nmr 3> ykcrs
clj cfmvk is cs uljkr. Zdk fmlus jkpkljs ml tdk tkrh mn tdk
pmaioy. Zdk fmlus chmult is digdkr nmr amlg tkrh pmaioiks.
Kljmwhklt Zypk Pmaioiks- rclgk nrmh Vs.:;.00 tm Vs.;0.00.
Hmlky Fcoe, Cltioipctkj Kljmwhklt-Vs.:3.00 (tkrh 60 ykcrs)& Vs. :;.00 (tkrh 6; ykcrs)
Bkkvcl _urcfdi Pmaioiks- Vs.:6.00 (tkrh 60 ykcrs) & Vs.;0.00(tkrh 6; ykcrs).
Bkkvcl Clclj Pacl- rclgk nrmh Vs.:?.00 tm Vs.:7.00Bkkvcl Vkedc Pacl- rclgk nrmh Vs.?:.00 tm Vs.:0.00Bkkvcl Clurcg- rclgk nrmh Vs.64.00 tm Vs. ?0.00Lkw Bkkvcl _urcesdc-I- rclgk nrmh Vs.34.00 tm Vs.?0.00 (%0
Lmtimlca Ocsd Mptiml)
Lkw Bkkvcl Jdcrc-I- rclgk nrmh Vs.34.00 tm Vs.64.00 (%0Lmtimlca Ocsd Mptiml).
-
7/30/2019 Minor Project Report on a Study on l.i.c
61/66
.
NILCA (Cjjitimlca) FML[_
Il cjjitiml tm tdk cfmvk Vkvkrsimlcry Fmlusks, AIO dcs casm
jkoacrkj Nilca (Cjjitimlca) Fmlus clj Amycaty Cjjitiml tm givk cjj
ml vcauk tm tdmsk pmaioydmajkrs wdm ekkp tdkir pmaioiks il nmrok. Zdk
rctks mn Nilca (Cjjitimlca) Fmlus crk up tm Vs.3,:00 pkr tdmusclj
suh cssurkj jkpkljilg upml tkrh clj suh cssurkj mn tdk pmaioy nmr
pmaioiks nuaniaailg tdk stipuactkj omljitimls. Casm, cs il tdk prkvimus
ykcr, tdk Amycaty Cjjitiml il rkspkot mn Bkkvcl _drkk pmaioiks
hcturilg ml omhpaktiml mn tkrh up tm 9 ykcrs il Vs.7;.00 pkr
tdmusclj _uh Cssurkj clj witd pmaioy tkrh 30 ykcrs ct tdk rctk mn
Vs.36;.00 pkr tdmusclj _uh Cssurkj.
_PKOICA VK^KV_IMLCVY FML[_2
It hcy fk hkltimlkj tdct ml tdk 3st _kptkhfkr, 600;, tdk Gmajkl
Bufiakk Ykcr okakfrctiml wcs ilcugurctkj fy tdk Dmlfak Prihk
Hilistkr Jr. Hclhmdcl _ilgd. Ml tdk moocsiml c _pkoica Gmajkl
Bufiakk Vkvkrsimlcry Fmlus rclgilg nrmh Vs.; tm Vs.;0 pkr tdmusclj
suh cssurkj wcs cllmulokj fy tdk Dmlfak Nilclok Hilistkr _dri P.
Odijchfcrch. Zdct fmlus wcs il cjjitiml tm tdk fmlus lmw
jkoacrkj.
-
7/30/2019 Minor Project Report on a Study on l.i.c
62/66
.
IL^K_ZHKLZ_ IL AIO
Zypk mn Ilvksthklt IL^K_ZHKLZ_ [P ZM (Vs. Il
Ormrks)
?3.?.0:
OKLZVCA GM^Z.
_KO[VIZIK_
3>>9?9
_ZCZK GM^Z. & MZDKV_ ?7:06
KAKOZVIOIZY (_KFs) 3:40;
DM[_ILG 60>9:
WCZKV _[PPAY CLJ_K^KVCGK
7333
_ZCZK VMCJ
ZVCL_PMVZCZIML OMVP.
3?7?
AMCL_ ZM ILJ[_ZVICA
K_ZCZK_
:;
AMCL_ ZM _[GCV OM-Mps ?7
JK^KAMPHKLZ C[ZDMVIZY 3
VMCJWCY_, PMVZ,
VCIAWCY_
3676
PMWKV GKLKVCZIML (P^Z.
_KOZMV)
>:36
H[LIOIPCAIZIK_ 3:
ZMZCA 63?:77
-
7/30/2019 Minor Project Report on a Study on l.i.c
63/66
.
IL^K_ZHKLZ_ IL AIO
0
;0000
300000
3;0000
600000
6;0000
_ZCZKGM^Z.
DM[_ILG
_ZCZKVM
CJ
AMCL_ZM
VMCJWCY
_,
H[LIOIPCAIZI
ZMZ
CA
-
7/30/2019 Minor Project Report on a Study on l.i.c
64/66
.
ODCPZKV -:VKOMHHKLJCZIML_
CLJ
OMLOA[_IML
-
7/30/2019 Minor Project Report on a Study on l.i.c
65/66
.
OMLOA[_IML2Ml tdk fcsis mn hy stujy mn tdk sufbkot, I wmuaj aiek tm suhhcrizk
tdk wdmak rkpmrt fy givilg tdk nmaamwilg omloausimls2
3. AIO stiaa rkhcils tm fk ct tdk tmp fy dcvilg c dmaj mvkr
73% hcrekt sdcrk il tdk Iljicl hcrekt.
6. Il tkrhs mn its prmjuots, AIO dcs iltrmjuokj hcly lkw
pmaioiks uljkr vcrimus pacls suod cs kljmwhklt pacls,
pmaioiks nmr wmhkl, wdmak aink pacls clj hcly hmrk.
?. AIO hcjk tdk figgkst codikvkhklt fy iltrmjuoilg [lit
Ailekj Ilsurclok Pacls ([AIP_) il tdk ilsurclok
hcrekt. Ourrkltay [AIP_ crk tdk hmst jkhcljilg
pmaioiks mn AIO.
:. AIO dcs frmugdt c sdint il its hcrektilg strctkgiks suod
cs5 it is lmw cjvkrtisilg caa its lkw pmaioiks ml vcrimus
Hkjics.
;. AIO dcs hcjk c stkp cdkcj clj dcs hcjk siglinioclt
codikvkhklts il tdk rurca skotmr.
>. AIO dcs cawcys wmrekj nmr prmvijilg skourity tm caa clj
witd tdk omhilg up mn Pklsiml Pacls il tdk rkoklt ykcrs,AIO dcs fkkl cfak tm skourk tdk nuturk mn tdk skrviok oacss
pkmpak il c fkttkr hcllkr.
7. In wk tcae il tkrhs mn grmwtd clj prmgrkss tdkl, AIO
rkhcils tm fk ct Lm.3 pmsitiml il tdk Iljicl Hcrekt clj
ct Lm.> il tdk wmraj.
-
7/30/2019 Minor Project Report on a Study on l.i.c
66/66
FIFAIMGVCPDY
FMME_2
3. Hisdrc H.L5 Priloipaks mn Ilsurclok5 _uatcl Odclj clj
_mls5 6007
6. Guptc P.E5 Ilsurclok clj Vise Hclcgkhklt5 Dihcacyc
Pufaisdilg Dmusk., 600:
?. Hittca Caec clj Jr. _.A.Guptc5 Priloipaks mn Ilsurclok
clj Vise Hclcgkhklt5 _uatcl Odclj clj _mls.,6007
BM[VLCA2
3. Ilsurclok OdrmlioakCugust 6007
WKF_IZK_2
3. www.aiomniljic.omh
6. www.irjc.omh
?. www.gmmgak.omh
:. www.wieipkjic.omh
http://www.irda.com/http://www.irda.com/http://www.google.com/http://www.google.com/http://www.wikipedia.com/http://www.wikipedia.com/http://www.wikipedia.com/http://www.google.com/http://www.irda.com/