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166

Chapter 4

DATA ANALYSIS & INTERPRETATION

4.1 Introduction

The analysis and interprets the data collected from questionnaire.

The data collected from the respondent residing different areas of

Kolhapur districts since Nine top in insurance companies returns

compared with the life insurance company. The sample size of the study

is 10 customers (investors) of each company likewise the total

respondents are 100.

The data is being presented in simple two way tables where

appropriate further suitable have been incorporated in the main tables to

maintain the smooth flow of analysis. Also bar graphs and pie charts

generated by using the tabulated data have been incorporated at

appropriate places in the analytical interpretative text. The hypotheses

taken up for this study have also been treated in this chapter.

167

Table No. 4.1

Age of Respondents

LIC Birla Bharati ICICI Reliance Bajaj

alliance Aviva SBI Life

Max New York Life

ING Vyasa Sr.

No. Age groups

Pa % Pa % Pa % Pa % Pa % Pa % Pa % Pa % Pa % Pa %

Total

1 25 to 30 3 30 3 30 4 40 7 70 3 30 5 50 0 00 1 10 7 70 0 0 33

2 31 to 35 4 40 2 20 3 30 2 20 4 40 2 10 4 40 5 50 2 20 5 50 32

3 36 to 40 2 20 3 30 3 30 1 10 2 20 2 20 3 30 1 10 1 10 3 30 21

4 41 and Above 1 10 2 20 0 0 0 0 1 10 1 10 3 30 3 30 0 0 2 20 13

Total 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 100

168

Graph 4.1

Age of Respondents

0

10

20

30

40

50

60

70

Pe

rce

nta

ge


alliance

Aviva Tata AIG Max New

York Life

ING

Vyasa

Insurance Companies

25 to 30

31 to 35

36 to 40

41 and Above

SBI Life

169

Interpretation:

As seen from the above table and diagram the age group of 25 to 30 out of the 10 respondent of each company. The

70% respondent prefer ICICI and Max New York. The 50% respondent prefer Bajaj Allian. The 40% respondents from

Bharati AXA. The 30% respondents of LIC, Birla Sun Life and Reliance. The only 10% respondent has given choice to SBI

LIFE and rest of the two companies i.e. AVIVA and ING Vyasa not preferred by a single respondent. It means the ICICI &

Max New York Life Companies are doing well. Bajaj Allian, Bharati are averagely doing well. Other Companies i. e. SBI

LIFE, Aviva & ING Vyasa are not preferred by this age group repondents.

The Age group of respondent 31 to 35, the 50% respondent prefer SBI LIFE & ING Vyasa. The 40% respondent

prefer LIC, Reliance, Aviva. The rest of the companies preferred below Average.

The Age group of respondents 36 to 40. The 30% respondent prefer Birla Sun Life. Bharati Axa, Aviva & ING Vyasa

and rest of the companies below Average.

The Age group of respondent 41 and above, the 30% respondent prefer Aviva & SBI Life, rest of the five companies

not preferred by a single respondent.

170

Table No. 4.2

Educational Qualification



Max New York Life

ING Vyasa Sr.

No. Age groups


Total

1 SSC 0 0 0 0 3 30 0 0 0 0 1 10 2 20 1 10 0 0 4 40 11

2 HSC 3 30 2 20 5 50 3 30 7 70 2 20 2 20 3 30 3 30 3 30 33

3 Graduate 5 50 4 40 2 20 6 60 2 20 6 60 2 20 5 50 6 60 1 10 39

4 PG 2 20 1 10 0 0 1 20 1 10 1 10 3 30 0 0 1 10 1 10 11

Any Other 0 0 3 30 0 0 0 0 0 0 1 10 1 10 1 10 0 0 1 10 7

Total 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 100

Interpretation:

Table 4.2 reveals that the out of total educational slab the graduate respondents’ number is more for preferring the

Insurance companies. The first preferred insurance companies are ICICI prudential, Bajaj Allianz, Max New York and the

second preferred LIC & SBI Life and rest are below average.

171

Graph 4.2

Educational Qualification

0

10

20

30

40

50

60

70P

erc

en

tag

e


alliance


York Life

ING

Vyasa

Insurance Companies

SSC

HSC

Graduate

PG

Any Other

SBI Life

172

Table No. 4.3

Occupation



Max New York Life

ING Vyasa Sr.

No. Occupation

Pa % Pa % Pa % Pa % Pa % Pa % Pa % Pa % Pa % Pa % Total

1 Service 4 40 5 50 8 80 7 70 8 80 5 50 4 40 6 60 7 70 5 50 59

2 Business 2 20 3 30 0 0 2 20 0 0 0 0 2 20 1 10 2 20 0 0 12

3 Professional 2 20 0 0 0 0 1 10 0 0 1 10 1 10 0 0 1 10 0 0 6

4 Farming 2 20 1 10 2 20 0 0 2 20 4 40 3 30 3 30 0 0 5 50 22

5. Maid Servent/ Labour

0 0 1 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1

Total 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 100

Interpretation:

Table 4.3 and diagram presents the information of respondents occupation wise. Considering the different occupation

of the respondent. The maximum respondents doing services are preferred the insurance companies for Investments. The

80% respondents prefer Bharti AXA & Reliance. The 70% respondent refer ICICI & Max New york life and the rest are

Average and below Average.

173

Graph 4.3

Occupation

0

10

20

30

40

50

60

70

80P

erc

en

tag

e


alliance


York Life

ING

Vyasa

Insurance Companies

Service

Business

Professional

Farming

Maid Servent/ Labour

SBI Life

174

Table No. 4.4

Annual Income



Max New York Life

ING Vyasa Sr.

No. Group of income

Pa % Pa % Pa % Pa % Pa % Pa % Pa % Pa % Pa % Pa % Total

1 0-50000 1 10 1 10 2 20 4 40 2 20 0 0 2 20 0 0 4 40 2 20 18

2 50001-100000 3 20 4 40 5 50 5 50 5 50 2 20 3 30 4 40 5 50 6 60 42

3 100001-200000 2 20 3 30 2 20 0 0 2 20 2 20 3 30 4 40 0 0 1 10 19

4 Above 200001 4 60 2 20 1 10 1 10 1 10 6 60 2 20 2 20 1 10 1 10 21

Total 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 100

Interpretation:

Table 4.4 and diagram is the result of annual Income of the respondents. The annual Income of the respondent in

between 50001 to 100000 is invested in the insurance companies. The 60% respondent prefer ING Vyasa. The 50%

respondent prefer Bharti AXA, ICICI, Reliance and Max New York, and the rest of the companies are below Average.

175

Graph 4.4

Annual Income

0

10

20

30

40

50

60

Pe

rce

nta

ge


alliance


York Life

ING Vyasa

Insurance Companies

0-50000 50001-100000 100001-200000 Above 200001

SBI Life

176

Table No. 4.5

Saving from Salary



Max New York Life

ING Vyasa Sr.

No. Response


Total

1 Yes 5 50 9 90 8 80 7 70 8 80 5 50 8 80 7 70 7 70 6 60 70

2. No 5 50 1 10 2 20 3 30 2 20 5 50 2 20 3 30 3 30 4 40 30

Total 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 100

Interpretation:

Table 4.5 and diagram presents information about the saving from salary. The maximum number 70% of the

respondent of all the insurances companies saves from salary and very few i.e. 30% respondents saving are from non salary.

177

Graph 4.5

Saving from Salary

0

10

20

30

40

50

60

70

80

90P

erc

en

tag

e


alliance


York Life

ING

Vyasa

Insurance Companies

Yes

No

SBI Life

178

Table No. 4.6

Nature of Investment



Max New York Life

ING Vyasa Sr. No.

Nature of investment Pa % Pa % Pa % Pa % Pa % Pa % Pa % Pa % Pa % Pa %

1 Real Estate 3 15.00 1 5 0 0.00 1 4.55 0 0.00 2 10.00 6 20.69 3 12.00 0 0.00 3 13.64

2 Bank Deposits

4 20.00 4 20 4 57.14 5 22.73 4 26.67 5 25.00 7 24.14 6 24.00 5 23.81 6 27.27

3 Gold/ Silver 3 15.00 5 25 3 42.86 5 22.73 3 20.00 3 15.00 6 20.69 6 24.00 5 23.81 3 13.64

4 Government Securities

0 0.00 0 0 0 0.00 1 4.55 0 0.00 0 0.00 0 0.00 0 0.00 1 4.76 0 0.00

5 Insurance 10 50.00 10 50 0 0.00 10 45.45 8 53.33 10 50.00 10 34.48 10 40.00 10 47.62 10 45.45

(Note: Multiple choice questions and multiple responses)

Interpretation:

Table 4.6 and diagram brings out the facts of the nature of Investments of the respondent. Out of the different avenues

of Investment. The maximum respondents prefer to invest in insurance rather than other nature of investment.

179

Graph 4.6 Nature of Investment

0

10

20

30

40

50

60


alliance


York Life

ING Vyasa

Insurance Companies

Pe

rce

nta

ge

Real Estate Bank Deposits Gold/ Silver Government Securities Insurance

SBI Life

180

Table No. 4.7

Source of information about investments in insurance



Max New York Life

ING Vyasa Sr. No.

Source of information Pa % Pa % Pa % Pa % Pa % Pa % Pa % Pa % Pa % Pa %

1 Media:Radio/ TV

0 0.00 1 5.88 0 0.00 3 23.08 0 0.00 2 11.76 5 19.23 3 11.54 3 21.43 2 8.70

2 Insurance Agents

8 53.33 8 47.06 8 57.14 6 46.15 8 53.33 10 58.82 10 38.46 10 38.46 6 42.86 10 43.48

3 Friends and Relatives

6 40.00 5 29.41 5 35.71 4 30.77 6 40.00 1 5.88 6 23.08 7 26.92 3 21.43 3 13.04

4 News Papers

0 0.00 2 11.76 0 0.00 0 0.00 0 0.00 1 5.88 1 3.85 2 7.69 1 7.14 2 8.70

5 Pamphlets and Broachers

1 6.67 0 0.00 1 7.14 0 0.00 1 6.67 3 17.65 2 7.69 2 7.69 0 0.00 3 13.04

6 Staff Members

0 0.00 1 5.88 0 0.00 0 0.00 0 0.00 0 0.00 2 7.69 2 7.69 1 7.14 3 13.04


Interpretation:

Table 4.7 furnishes the information about the investment in Insurance. The 53.33% of LIC, 57.14% of Bharati AXA,

53.33% of Reliance Insurance and 58.82% of Bajaj Alliance respondents gets information about investment in Insurance

from Insurance Agents and few respondents gets the information from Friends, pamphlets and Broachers, staff members

and from media and newspapers.

181

Graph 4.7

Source of information about investments in insurance

0

10

20

30

40

50

60

70


alliance


York Life

ING Vyasa

Insurance Companies

Pe

rce

nta

ge

Media:Radio/ TV Insurance Agents Friends and Relatives

News Papers Pamphlets and Broachers Staff Members

SBI Life

182

Table No. 4.8

Discussion with the agent about the schemes of investment



Max New York Life

ING Vyasa Sr. No.


Total

1 Did not discussed at all

0 0 1 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1

2 Discussed some times

1 10 0 0 3 30 0 0 3 30 1 10 0 0 0 0 0 0 0 0 8

3 Discussed to Certain Extent

1 10 0 0 0 0 1 10 0 0 0 0 0 0 0 0 1 10 0 0 3

4 Discuseed Partly

2 20 0 0 1 10 1 10 1 10 3 30 4 40 3 30 1 10 5 50 21

5 Discussed Fully

6 60 9 90 6 60 8 80 6 60 6 60 6 60 7 70 8 80 5 50 67

Total 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 100

Interpretation:

Table 4.8 informs about the discussion with the insurance agents about various schemes of investment in insurance.

The 67% respondents discussed fully and 21% respondents discussed partly with the insurance agents and 8% and 3%

respondents discussed sometimes and to certain extent respectively.

183

Graph 4.8

Discussion with the agent about the schemes of investment

0

10

20

30

40

50

60

70

80

90

100


alliance


York Life

ING Vyasa

Insurance Companies

Pe

rce

nta

ge

Did not discussed at all Discussed some times Discussed to Certain Extent

Discuseed Partly Discussed Fully

SBI Life

184

Table No. 4.9

Period of discussion with the agent



Max New York Life

ING Vyasa Sr. No.


Total

1 Least 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

2 Occasion 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

3 Sometimes 4 40 0 0 6 60 1 10 6 60 2 20 5 50 2 20 1 10 3 30 30

4 Frequently 5 50 8 80 4 40 7 70 4 40 4 40 4 40 8 80 7 70 6 60 57

5 Very Ofen 1 10 2 20 0 0 2 20 0 0 4 40 1 10 0 0 2 10 1 10 13

Total 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 100

Interpretation:

Table No. 4.9 offers how many times discussion with the insurance agents. The 57% respondents discuss frequently

with the agents and 30% respondent discuss sometimes and 13% respondent discuss very offently with the agents about the

investment in insurance. The maximum number of Birla Sun Life, SBI Life, ICICI and Max New York discusses frequently.

185

Graph 4.9

Period of discussion with the agent

0

10

20

30

40

50

60

70

80

90


alliance


York Life

ING Vyasa

Insurance Companies

Pe

rce

nta

ge

Least Occasion Sometimes Frequently Very Ofen

SBI Life

186

Table No. 4.10

Understanding the various schemes of investment in insurance



Max New York Life

ING Vyasa Sr. No.


Total

1 Not Understood

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

2 Understood Sometimes

3 30 0 0 3 30 0 0 2 20 2 20 1 10 1 10 0 0 4 40 16

3 Understood to some extent

1 10 1 10 0 0 0 0 0 0 0 0 1 10 0 0 0 0 1 10 4

4 Partly Understood

1 10 3 30 3 30 3 30 3 30 1 10 2 20 6 60 3 30 3 30 28

5 Fully Understood

5 50 6 60 4 40 7 70 5 50 7 70 6 60 3 30 7 70 2 20 52

Total 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 100

Interpretation:

Table 4.10 explores the information about understanding the various schemes of insurance the 52% of respondents

fully understood the various schemes of insurance of investment but the more understanding by ICICI, Bajaj & Max New

York and 28% respondents partly understood and only 16% respondents understood the various schemes of investment in

insurance. The rest of the companies are poor in focusing their schemes.

187

Graph 4.10

Understanding the various schemes of investment in insurance

0

10

20

30

40

50

60

70

Pe

rce

nta

ge


alliance


York Life

ING Vyasa

Insurance Companies

Not Understood Understood Sometimes Understood to some extent

Partly Understood Fully Understood

SBI Life

188

Table No. 4.11

Information about the Amendments in the rules and regulations of insurance



Max New York Life

ING Vyasa Sr. No.


Total

1 Not at all 1 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1

2 Occasion 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

3 Sometimes 1 10 4 40 6 60 1 10 7 70 2 20 5 50 3 30 1 10 5 50 35

4 Frequently 5 50 2 20 2 20 8 80 2 20 5 50 2 20 7 70 8 80 4 40 45

5 Very regularly 3 30 4 40 2 20 1 10 1 10 3 30 3 30 0 0 1 10 1 10 19

Total 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 100

Interpretation:

Table 4.11 indicates the amendments in the rules and regulation of insurance. The 45% respondents amended

frequently and the ICICI, Max New York, SBI Life, LIC & Bajaj Allianz are very prompt in amending the rules &

regulations and 35% respondents amended sometimes. The rest of companies performance is poor in this regard.

189

Graph 4.11

Information about the Amendments in the rules and regulations of insurance

0

10

20

30

40

50

60

70

80P

erc

en

tag

e


alliance


York Life

ING Vyasa

Insurance Companies

Not at all Occasion Sometimes Frequently Very regularly

SBI Life

190

Table No. 4.12

Awareness about the controlling authority of insurance



Max New York Life

ING Vyasa Sr. No.


Total

1 Yes 7 70 8 80 7 70 6 60 7 70 8 80 7 70 7 70 6 60 5 50 68

2 No 3 30 2 20 3 30 4 40 3 30 2 20 3 30 3 30 4 40 5 50 32

Total 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 100

Interpretation:

Table 4.12 shows the awareness about the controlling authority of insurance. The 68% respondents are aware about

controlling authority of insurance and 32% respondents are not aware about it. The Birla Sun Life, Bajaj Allianz are best

and other insurance companies are better in this regard.

191

Graph 4.12

Awareness about the controlling authority of insurance

0

10

20

30

40

50

60

70

80P

erc

en

tag

e


alliance


York Life

ING

Vyasa

Insurance Companies

Yes

No

SBI Life

192

Table No. 4.13

Reasons for invested in Insurance

LIC Birla Bharati ICICI Reliance Bajaj alliance Aviva SBI Life Max New York Life

ING Vyasa Sr. No.

Pa % Pa % Pa % Pa % Pa % % Pa % Pa % Pa % Pa %

Total %

1 Tax

Benefits

1 3.45 2 10 2 8 1 4.17 2 7.41 18 6.45 2 5.88 3 12.50 0 0.00 3 8.11 18 6.56

2 Security of

Investment

6 20.69 2 10 3 12 4 16.67 4 14.81 55 19.35 10 29.41 5 20.83 5 21.74 10 27.03 55 20.07

3 Future

Savings

10 34.48 4 20 7 28 6 25.00 8 29.63 78 32.26 10 29.41 8 33.33 5 21.74 10 27.03 78 28.46

4 Returns 3 10.34 3 15 4 16 4 16.67 4 14.81 37 9.68 5 14.71 3 12.50 4 17.39 4 10.81 37 13.50

5 Risk

Coverage

9 31.03 9 45 9 36 9 37.50 9 33.33 86 32.26 7 20.59 5 20.83 9 39.13 10 27.03 86 31.38

Total 29 100.00 20 100 25 100 24 100.00 27 100.00 274 100.00 34 100.00 24 100.00 23 100.00 37 100.00 274 100.00


Interpretation:

Table 4.13 is the result of finding the reasons of investment in Insurance. The 31.38% respondent says that the reason

is to cover the risk and a 28.40% respondent says that it is for future savings. On an average all the insurance companies

doing satisfactory in this regard. The 20.07% respondents intention of investment is for security purpose. The 13.50%

respondents says that the reason of investment is for returns and 6.56% respondents says that the investment in insurance

because of tax benefits.

193

Graph 4.13

Reasons for invested in Insurance

0

5

10

15

20

25

30

35

40

45P

erc

en

tag

e


alliance


York Life

ING Vyasa

Insurance Companies

Tax Benefits Security of Investment Future Savings Returns Risk Coverage

SBI Life

194

Table No. 4.14

Period of Investment



Max New York Life

ING Vyasa Sr. No.


Total

1 Short-

term

0 0.00 0 0.00 4 40.00 0 0.00 3 30.00 0 0.00 2 20.00 1 10.00 0 0.00 0 0.00 10

2 Long-

term

10 100.00 10 100.00 6 60.00 10 100.00 7 60.00 10 100.00 8 80.00 9 90.00 10 100.00 10 100.00 90

Total 10 100.00 11 100.00 10 100.00 10 100.00 10 100.00 10 100.00 10 100.00 10 100.00 10 100.00 10 100.00 100

Interpretation:

Table 4.14 focuses on period of investment in insurance. The 90% respondents investment in insurance is for long

term. The all insurance companies doing well on an average and only 10% respondents invest in insurance for short term. It

is seen that the respondents are not interested in short term investment in insurance.

195

Graph 4.14

Period of Investment

0

10

20

30

40

50

60

70

80

90

100

Pe

rce

nta

ge


alliance


York Life

ING Vyasa

Insurance Companies

Short-term Long-term

SBI Life

196

Table No. 4.15

Period of Short Term Investment



Max New York Life

ING Vyasa Sr. No.


Total

1 One Year 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 100 0 0 0 0 1

2 Two Years 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

3 Three Years 0 0 1 100 4 100 4 100 4 100 0 0 2 100 0 0 0 0 0 0 15

Total 0 0 1 100 4 100 4 100 4 100 0 0 2 100 1 100 0 0 0 0 16

Interpretation:

As seen from the table and diagram the majority of the respondents have not given response to this question. Not a

single respondent of LIC has given response to this question. A very few respondents of private insurance companies have

answered this question. The few respondents says that the period of investment in short term category must be three years.

197

Table No. 4.16

Period of Long Term Investment



Max New York Life

ING Vyasa Sr. No.


Total

1 Five

Years

0 0.00 1 10 0 0.00 0 0.00 1 10.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 2

2 Ten

Year

1 10.00 0 0 4 40.00 2 20.00 2 20.00 0 0.00 2 20.00 1 10.00 2 20.00 1 10.00 14

3 Fifteen

Years

1 10.00 1 10 0 0.00 3 30.00 1 10.00 4 40.00 1 10.00 1 10.00 3 30.00 3 30.00 19

4 Twenty

and

more

years

8 80.00 8 80 6 60.00 5 50.00 6 60.00 6 60.00 7 70.00 8 80.00 5 50.00 6 60.00 65

Total 10 100.00 10 100 10 100.00 10 100.00 10 100.00 10 100.00 10 100.00 10 100.00 10 100.00 10 100.00 100

Interpretation:

Table No. 4.16 shows the period of investment. The 65% of the total respondents says that the period of investment

must be long term i.e. twenty and more years. The 80% of LIC, Birla and SBI respondents gives preference to long term

period i.e twenty and more and then Bharati, Reliance, ICICI, Max New York life, Bajaj Allianz, Aviva, ING Vyasa

companies respondents gives priority to twenty and more years.

198

Graph 4.15

Period of Long Term Investment

0

10

20

30

40

50

60

70

80P

erc

en

tag

e


alliance


York Life

ING Vyasa

Insurance Companies

Five Years Ten Year Fifteen Years Twenty and more years

SBI Life

199

Table No. 4.17

Reasons for short term period of investment



Max New York Life

ING Vyasa Sr. No.


1 Less Risk 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

2 Early

Maturity

0 0 0 0 1 33.33 0 0 1 33.33 0 0 1 50 1 100 0 0 0 0

3 Better

Return

0 0 1 100 2 66.66 0 0 2 66.66 0 0 1 50 0 0 0 0 0 0

4 Change in

Schemes

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

5 Any Other

(Specify)

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Total 0 0 1 100 3 100 0 0 3 100 0 0 2 100 1 100 0 0 0 0

Interpretation:

Table No. 4.17 reflects the reason of short term period of investment. Out of the 10 respondents of each company

33.33% Bharati and Reliance and 50% of Aviva respondents says because of early maturity and 66.66% Bharati and

Reliance and 50% of Aviva respondents says that reason of investment in short term because of better return and rest of the

respondents are silent.

200

Table No. 4.18

Reasons for Long Term Investment

LIC Birla Bharati ICICI Reliance Bajaj alliance Aviva SBI Life Max New York

Life ING Vyasa Sr.

No.

Pa % Pa % Pa % Pa % Pa % Pa % Pa % Pa % Pa % Pa % Total %

1 Old Age

Savings

9 50.00 2 13.33 2 22.22 3 21.43 2 20.00 6 20.00 4 30.77 3 21.43 3 21.43 5 20.83 39 26.35

2 Get More

Amount

1 5.56 3 20.00 3 33.33 3 21.43 1 10.00 1 10.00 4 30.77 5 35.71 2 14.29 9 37.50 32 21.62

3 Family

Protection

8 44.44 10 66.67 4 44.44 8 57.14 7 70.00 10 70.00 5 38.46 6 42.86 9 64.29 10 41.67 77 52.02

Total 18 100.00 15 100.00 9 100.00 14 100.00 10 100.00 17 100.00 13 100.00 14 100.00 14 100.00 24 100.00 148 100.00

Interpretation:

Table No. 4.18 indicates reasons of long term investments. This is multiple choice questions. The 52.02% of total

respondents of insurance companies are opinion of the long term period investment in insurance is the only for family

protection and 26.35% and 21.62% respondents says long period investment in insurance is for old age savings and getting

more amount respectively. In this 2.62% respondents of LIC says the regions for long term investment for old age savings.

201

Graph 4.16

Reasons for Long Term Investment

0

10

20

30

40

50

60

70P

erc

en

tag

e


alliance


York Life

ING Vyasa

Insurance Companies

Old Age Savings Get More Amount Family Protection

SBI Life

202

Table No. 4.19

Options of Investment in Insurance



Max New York Life

ING Vyasa Sr. No.


Total

1 LIC 9 90.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 10

2 Private

Insurance 1 10.00 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 9 90 90

Total 10 100 100 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10

Interpretation:

Table No. 4.19 focuses on the choice of the respondents regarding investment in insurance. The 90% of the

respondents says for insurance LIC is good and Birla, Bharati, ICICI, Reliance, Bajaj, Aviva, SBI Life Insurance, Max New

York companies 100% respondents says that the private companies are good. Only ING Vyasa 90% respondents says this

company is good. Considering these percentages now a days respondents believe more on Private Insurance companies than

LIC.

203

Graph 4.17

Options of Investment in Insurance

0

10

20

30

40

50

60

70

80

90

100P

erc

en

tag

e


alliance


York Life

ING Vyasa

Insurance Companies

LIC Private Insurance

SBI Life

204

Table No. 4.20

Reasons for Investment in LIC

LIC Sr. No.

Pa %

1 Better risk coverage 8 21.05

2 More security than private insurance 6 15.78

3 More reliable 3 7.89

4 because LIC is Government Institution 8 21.05

5 Guarantee to get money back 10 26.31

6 More tax benefits 1 2.63

7 Facility to get loan on security of policies 2 5.26

Total 100

Interpretation:

Table No. 4.20 explores the reasons of investing in LIC. The 26.31% of respondents says guarantee to get money

from LIC, 21.5% respondents says LIC is the government institutions and better risk coverage, 15.78% respondents says

LIC is the more secured than private insurance companies. The 7.89% and 5.26% respondents more rely on LIC and they

are the opinion of facility to get loan on security of policies respectively.

205

Graph 4.18

Reasons for Investment in LIC

More security than

private insurance,

15.78

Better risk

coverage, 21.05

Facility to get loan

on security of

policies, 5.26

More tax benefits,

2.63

Guarntee to get

money back, 26.31

because LIC is

Government

Institution, 21.05

More realiable, 7.89

206

Table No. 4.21

Reasons for Investment in Private Insurance Companies


ING Vyasa Sr. No.


Total %

1 Quick service 0 0.00 7 38.89 7 38.89 9 40.91 8 42.11 6 27.27 9 45.00 8 44.44 9 40.91 7 33.33 70 38.67

2 More return

than LIC

0 0.00 4 22.22 1 5.56 3 13.64 1 5.26 2 9.09 0 0.00 0 0.00 2 9.09 0 0.00 13 7.18

3 Less

premium and

high return

after

maturity

0 0.00 2 11.11 2 11.11 2 9.09 2 10.53 4 18.18 2 10.00 3 16.67 2 9.09 5 23.81 24 13.25

4 Agents/

employees

are more

active and

respectable

1 100.00 5 27.78 8 44.44 8 36.36 8 42.11 10 45.45 9 45.00 7 38.89 9 40.91 9 42.86 74 40.88

Total 1 100.00 18 100.00 18 100.00 22 100.00 19 100.00 22 100.00 20 100.00 18 100.00 22 100.00 21 100.00 181 100

Interpretation:

Table No. 4.21 Shows the reason for investment in private insurance company. The 40.88% respondents says that the

agents, employees are more active and respectable. Except LIC all other companies are better in this regard. The Bajaj

Allianz is excellent in this matter. The 38.67% respondents companies give better and quick services. On an average except

LIC other private insurance companies better in providing the quick services. The ICICI Prudential, Aviva, Max New York

and SBI are better than other private companies in providing better and quick service. The 13.25% respondents are the

opinion that private insurance companies premium is less and return are high and 17.18% respondents says that private

insurance companies gives more returns.

207

Graph 4.19

Reasons for Investment in Private Insurance Companies

0

10

20

30

40

50

60

70

80

90

100

Pe

rce

nta

ge


alliance


York Life

ING

Vyasa

Insurance Companies

Quick service

More return than LIC

Less premium and high return after maturity

Agents/ employees are more active and respectable

SBI Life

208

Table No. 4.22

Schemes of Investment


ING Vyasa Sr. No.


Total %

1 Life

Insurance

10 90.91 10 76.92 10 90.91 9 81.82 10 83.33 10 83.33 10 62.50 8 72.73 10 76.92 10 83.33 97 79.50

2 Health

Insurance

1 9.09 3 23.08 1 9.09 2 18.18 2 16.67 2 16.67 6 37.50 3 27.27 3 23.08 2 16.67 25 20.50

3 Liability

Insurance

0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0

Total 11 100.00 13 100.00 11 100.00 11 100.00 12 100.00 12 100.00 16 100.00 11 100.00 13 100.00 12 100.00 122 100.00

Interpretation

Table No. 4.22 is the result of scheme of investment. The 79.50% respondents invests in life insurance of all the

insurance companies. LIC as well as private insurance companies are better in this regard. The 20.50% respondents invest

in Health insurance in LIC as well as private insurance companies.

209

Graph 4.20

Schemes of Investment

0

10

20

30

40

50

60

70

80

90

100P

erc

en

tag

e


alliance


York Life

ING

Vyasa

Insurance Companies

Life Insurance

Health Insurance

Liability Insurance

SBI Life

210

Table No. 4.23

Insurance Returns -Life insurance Corporation

Year Name of the policy Plan Sum assured Term

years

Premium

amount

Maturity

amount

% of return

after maturity

2000 Endowment -14 (Bonus rate as

per year 2000)

Endow. 1,00,000 20 4,952 2,03,500 205.47

2000 Money back-75 (Bonus rate as

per year 2000)

Mon. back 1,00,000 20 6,407 1,81,000 141.25

2000 Money back-93 (Bonus rate as

per year 2000)

Mon. back 1,00,000 25 5,282 2,27,500 172.28

2000 Jeevan Mitra -88 (Bonus rate as

per year 2000)

Endow. 1,00,000 20 5,257 2,03,500 193.55

2000 Jan Raksha (Bonus rate as per

year 2000)

Endow. 1,00,000 20 5,026 2,03,500 202.44

2001 Bima Plus ULIP 1,00,000 10 1,00,000 4,55,900 455.9

2002 Jeevan Anand Endow. 1,00,000 20 5,553 1,97,500 177.83

2002 Komal Jeevan Child 1,00,000 25 (ppt 17) 7,767 1,89,500 143.51

2003 Jeevan Shree Pension 10,00,000 20 (ppt 10) 83,288 40,00,000 480.25

2003 Jeevan Saral Pension 10,00,000 20 48,040 22,52,683* 234.45

2004 Jeevan Anurag Child 1,00,000 20 5,612 1,95,500 174.18

2006 Jeevan Tarang Pension 10,00,000 20 49,220 9,60,000** 97.52

2006 Bima Gold Mon. back 1,00,000 20 3,809 1,46,523 192.33

2007 Child Career Child 1,00,000 20 5,919 1,74,000 146.98

2007 Child Future Child 1,00,000 20 6,042 2,12,400 175.76

2007 Market Plus Ulip 1,00,000 10 1,00,000 1,80,000 180

2008 Jeevan Bharati-1 Mon. back 1,00,000 20 6,315 1,66,000 131

* This amount includes 7% Loyalty.

** After 20 years given 9,60,000 and till death Rs. 55,000 annually, on death to the nominee Rs. 10,00,000 .

211

Graph 4.21

Insurance Returns -Life insurance Corporation

0

50

100

150

200

250

300

350

400

450

500

Ra

te o

f R

etu

rns

En

do

wm

en

t -1

4

Mo

ne

y b

ack-7

5

Mo

ne

y b

ack-9

3

Je

eva

n M

itra

-8

8

Ja

n R

aksh

a

Bim

a P

lus

Je

eva

n A

na

nd

Ko

ma

l Je

eva

n

Je

eva

n S

hre

e

Je

eva

n S

ara

l

Je

eva

n A

nu

rag

Je

eva

n T

ara

ng

Bim

a G

old

Ch

ild

Ca

ree

r

Ch

ild

Fu

ture

Ma

rke

t P

lus

Je

eva

n B

ha

rati-1

Name of the Policies

212

INTERPRETATION :

The above table focuses the different life insurance policies of LIC since 2000 to 2010. The endowment policies return for the

sum assured of Rs. 1,00,000 for 20 years will give highest return of 205.47% in the year 2000 comparing with the other years. The

money back policies will give highest return of 192.33 in the year 2006 as comparing the other study period. The child policy in the

year 2007 gives highest return of 175.76 in the study period. The LIC launched Bima Plus ULIP Plan in the year 2001 and the return

was 455.9 and the year 2007 company launched Market Plus ULIP Plan and return was 180% in the year, the Bima Plus given

highest return because boom in the security market. The returns are always linked up with the financial market situation.

213

Table No. 4.24

Insurance Returns - Reliance Life insurance

Sr. No. Year Name of the policy Plan Sum

assured

Term

years

Premium

amount

Maturity

amount

% of return

after

maturity

1 2004 Reliance life – Reliance term plan Term 10,00,000 20 2,270 No refund -

2 2004 Reliance special term plan Endow. 5,00,000 20 4,160 83,220 100

3 2004 Reliance cash flow plan Trad.

Mon. Back

1,00,000 19 7,613 1,48,000 102.31

4 2004 Reliance end. Plan End. 1,00,000 20 3,170 1,30,000 205.04

5 2004 Reliance Whole Life Plan Endow. 1,00,000 84

(PPT-20)

6,963 2,63,000 188.69

6 2004 Reliance connected 2 life plan End. 1,00,000 15 6963 2,63,000 251.80

7 2004 Reliance child plan Child 1,00,000 20 5,613 2,35,000 209.33

8 2009 Reliance pay five plan ULIP 5,00,000 20

(PPT-15)

50,000 11,00,000 146.66

9 2010 Reliance Money Multiplier Plan Trad.

End.

1,00,000 20 10,768 4,30,000 199.66

10 2010 Reliance guaranteed money back plan Mon. Back 1,00,000 20 6,356 1,60,000 125.86

11 2011 Reliance life insurance guaranteed

maturity plan

End. 1,00,00 20

(PPT- 5)

20,000 1,80,000 180

12 2011 Reliance Life Classic Plan- II ULIP 5,00,000 20 50,000 28,00,000 280

13 2011 Reliance Life Classic plan - Limited

premium

ULIP 5,00,000 20

(PPT-15)

50,000 17,00,000 226.66

14 2011 Reliance Life Term Plan End. 25,00,000 30 4,000 No Refund -

*2004: For this plan premium payable term is 20 years but risk cover term is up to 84 years.

214

Graph 4.22

Insurance Returns - Reliance Life insurance

0

50

100

150

200

250

300%

of

retu

rn m

atu

rity

Reliance

Term Plan

Special

Term Plan

Cash Flow

plan

Endow ment

plan

Whole Life

Plan

Connected

2 life plan

Child plan Pay f ive

plan

Money

Multiplier

plan

Guranteed

moneyback

plan

Life

Insurance

Guaranteed

Maturity

Plan

Life Classic

Plan-II

Life Classic

Plan-Limited

Primium

Life Term

Plan

Name of the policies

215

INTERPRETATION :

The above table and diagram reveals that the return from different life insurance policies of Reliance Life Insurance, the

return from endowment policies are fluctuating in the study period but in the year 2004 the rate of return was highest i.e.

251.80 as compared with the other years, it is the policy of the company to do the highest business by less premium amount.

The return from money back policies was fluctuating. The return from ULIP was highest in the year 2011 i.e. 280% as

compared to other ULIP in the study period because of investing the money by the company in securities. The company

diverted all the funds in the financial marker in order to get the highest return and give the highest return to the policy holders.

216

Table No. 4.25

Insurance Returns - ICICI Prudential Life

Sr.

No. Year Name of the policy Plan

Sum

assured

Term

years

Premium

amount

Maturity

amount

% of return

after

maturity

1 2001 Save N protect End. 1,00,000 20 4,949 2,47,456 250

2 2001 Cash back M. B. 1,00,000 20 7,113 1,95,312 137.29

3 2002 Life Time ULIP 1,00,000 10 20,000 1,80,000 90

4 2002 Life Time super ULIP 1,00,000 10 20,000 1,90,000 95

5 2003 Smart KID RP End.

Child

2,00,000 20 11,451 4,12,818 180.25

6 2004 Future secure End. 2,00,000 20 11,622 3,92,000 168.64

7 2005 Life Guard End. 2,00,000 20 11,106 3,25,632 146.66

8 2006 Life Time Gold ULIP 1,00,000 10 20,000 1,92,000 96

9 2007 Life Stage Pension ULIP 1,00,000 10 20,000 2,26,000 113

10 2008 Life Stage Assure ULIP 2,00,000 15 18,000 3,59,460 133.13

11 2009 Life Line Wealth ULIP 2,50,000 10 50,000 1,00,000 200

12 2010 Assure Wealth ULIP

(whole Life)

3,00,000 100

(PPT – 10)

20,000 4,89,412 244.7

13 2011 Guaranteed Saving

insurance plan

End. 2,00,000 20 20,000 3,94,840 197.42

217

Graph 4.23

Insurance Returns - ICICI Prudential Life

0

50

100

150

200

250R

ate

of

Re

turn

s

Save N

protect

Cash back Life Time Life Time

super

Smart KID

RP

Future

secure

Life Guard Life Time

Gold

Life Stage

Pension

Life Stage

Assure

Life Line

Wealth

Assure

Wealth

Guaranteed

Saving plan


218

INTERPRETATION:

The table and diagrams shows the returns generated by ICICI from different life insurance policies. The returns from

endowment plan was highest i.e. 250% in the year 2001 and after it shows the decreasing trend except in the year 2004. It

means at the starting point company gives the highest return to compete with the other companies.the returns from money

back was 137.79% which was launched in the year 2001. The return from ULIP shows the fluctuating trend from 2002 to

2011 and invested more funds in security markets to pump the highest returns, the company concentrating more on ULIP in

order do the highest business.

219

Table No. 4.26

Insurance Returns - AVIVA Life Insurance Co. Ltd.,

Sr.

No.

Year Name of the policy Plan Sum

assured

Term

years

Prem.

amount

Maturity

amount

% of return

after maturity

1 2002 Aviva anmol Suraksha End. 1,00,000 20 7,433

2,30,000 154.71

2 2003 Aviva life shield advantage Term

Plan

10,00,000 30 (PPT 20) 29,448 8,70,000 147.71

3 2005 Aviva young scholar advantage ULIP.

Child

3,93,750 15 25,000 7,01,469 187.05

4 2006 Aviva life bond advantage ULIP. 62,500 15 50,000

(S.P.)

1,47,575 295.15

5 2007 Aviva Dhanvriddi Money

Back

1,00,000 20 (PPT 15) 10,702 2,33,000 145.14

6 2007 Aviva Sachin extra cover

advantage

ULIP. 5,25,000 20 25,000 11,52,052 230.41

7 2008 Aviva Dhanvarsha End. 5,57,338 20 50,773 13,08,214 128.82

8 2008 Aviva money back M. B. 75,000 21 (PPT 12) 6,566 1,63,350 207.31

9 2008 Sachin extra cover advantage ULIP 10,00,000 20 (PPT 10) 25,000 4,27,993 171.19

10 2009 Aviva Young Scholar secure End.

Child

6,87,250 21 25,386 6,87,250 128.91

11 2010 Aviva Freedom life advantage ULIP. 3,93,750 15 25,000 7,29,396 194.50

12 2010 Aviva Heath plus Health

End.

3,50,000 10 (PPT-5) 36,530 2,23,230 122.21

13 2010 Dhanvarsha End. 5,57,538 20 (PPT 15) 50,773 13,10,014 172.07

220

Graph 4.24

Insurance Returns - AVIVA Life Insurance Co. Ltd.,

0

50

100

150

200

250

300

Ra

te o

f R

etu

rns

AnmolSuraksha

Life shieldadvantage

Youngscholar

advantage

Life bondadvantage

Dhanvriddi Sachin extracover

advantage

Dhanvarsha Money back Sachin extracover

YoungScholarsecure

Freedom life Heath plus Dhanvarsha


221

INTERPRETATION:

The table and diagrams represents the returns from different life insurance policies of AVIVA. The returns from the

endowment policies was highest in the year 2010 i.e. 172.07 as compared the returns in the year 2002 and 2008 because of the

different features of endowment policies. The returns from money back policies in the year 2007 145.14% and in the year 2008 was

207.31 it is more in the year 2007 the company reduces the premium amount and gives the more return in order to attracts the more

clients. The returns from ULIP was highest in the year 2006 i.e. 295.15% as compared to other years. It is highest because of

diversification of funds in other plans by the company to give the highest return to the investors.

222

Table No. 4.27

Insurance Returns - ING VYASA Co. Ltd.,

Sr.

No.

Year Name of the policy Plan Sum assured Term

years

Prem.

amount

Maturity

amount

% of return

after maturity

1 2001 Creating life child protection plan End.

Child

1,00,000 15 8,500 1,90,000 149.09

2 2001 Reassuring Life Endowment Plan End. 2,00,000 20 9,694 2,62,056 135.16

3 2001 ING, term plus Term 1,00,000 20 7,000 1,40,000 100

4 2002 Creating life Money Back Plan Money

Back

1,00,000 20 8,300 2,60,000 156.62

5 2003 Creating life child protection plan Child 2,00,000 20 9733 2,62,042 134.61

6 2004 ING Ashirwad Child Plan Child 6,00,000 20

(PPT-15)

25,628 6,00,000 156.07

7 2005 Safal Jeevan End. Plan End. 50,000 20 2500 71,491 142.98

8 2006 Creating life money back plan M. B. 1,00,000 20 8467 2,24,000 132.27

9 2007 New Fulfilling life

(Whole life)

Money

Back

1,00,000 16 9,000 1,96,000 136.11

10 Term Life Plus Plan (Limited)

(only death Maturity)

ULIP 5,00,000 20

PPT 5

9197 40,925 88.99

11 2010 ING ACE plan ULIP 1,82,000 10

(PPT-3)

25,000 1,72,000 229.33

12 2011 Secured Income Assurance Plan End 1,00,000 20 8,500 2,00,000 117.64

223

Graph 4.25

Insurance Returns - ING VYASA Co. Ltd.,

0

50

100

150

200

250%

of

retu

rn a

fte

r m

atu

rity

Child

Protection

Plan

Life

Endow ment

Plan

Term Plus Life Money

Back Plan

Life Child

Protection

Plan

Ashirw ad

Child Plan

Safal

Jeevan End.

Plan

Creating Life

Money Back

Plan

New

Fulf iling Life

Term Life

Plus Plan

ACE Plan Secured

Income

Assurance

Plan


224

INTERPRETATION:

The table No. 5.27 indicates the returns and development of different life insurance policies of ING vyasa. The returns from

Endowment policies was more i.e. 142.98 in the year 2005 because of the different features of the plan as compared to the other year

in the study period. The returns from money back policy was more in the year 2004 i.e. 156.62 as compared to the other years in

order to do the more business. The returns from child plans in the year 2003 was 134.61 and in the year 2004 is 156.07 which is

more because of features of the policies. The returns from ULIP in the year 2010 was 88.99% the company is trying to launch in the

market to compete with the other companies.

225

Table No. 4.28

Insurance Returns – Bharati AXA Life Insurance

Sr.

No.


assured

Term

years

Prem.

amount

Maturity

amount

% of return

after maturity

1 2006 Secured Confident End 1,00,000 20

(PPT-15)

5,500 1,40,000 169.69

2 2006 Monthly Income Plan End. Child 2,50,000 25

(PPT-10)

20,443 2,88,750 141.24

3 2006 Ajeevan Anand End 1,00,000 20 (PPT-

10)

6,000 1,30,000 216.66

4 2007 Bright Star ULIP 2,50,000 10

PPT 5

50,000 2,70,000 108

5 2008 Bright Star Age ULIP 1,25,000 10

PPT 5

25,000 1,60,000 128

6 2009 Bright Star Plus ULIP

Child

1,25,000 5

(PPT-3)

25,000 80,000 106.66

7 2010 Family income secure End. 1,00,000 15

(PPT-10)

6,000 60,000 100

8 2011 Tripple Health

insurance plan

End. 3,00,000 15 4,948 72,000 145.51

9 2012 Ajeevan Sampathi End 1,00,000 15 9,300 1,80,000 129.03

10 2012 Future Invest ULIP. 5,00,000 10

(PPT-5)

50,000 4,50,000 180

226

Graph 4.26

Insurance Returns – Bharati AXA Life Insurance

0

50

100

150

200

250R

ate

of

Re

turn

s

Secured

Confident

Monthly

Income

Plan

Ajeevan

Anand

Bright Star Bright Star

Age

Bright Star

Plus

Family

income

secure

Tripple

Health

insurance

plan

Ajeevan

Sampathi

Future

Invest


227

INTERPRETATION :

The table No. 4.28 Explores the returns and the different policies of the Bharati AXA the returns from endowment was more

in the year 2006 i.e. 216.66 as compared from the other yeas of the study period. the returns are high in this year because of the less

premium payable term. The returns from child plan in the year 2006 was 141.24% the company launched the product in this year the

returns from ULIP shows the fluctuating trend in the study period because of the fluctuation in the financial market.

228

Table No. 4.29

Insurance Returns – SBI Life Insurance

Sr.

No. Year Name of the policy Plan

Sum

assured

Term

years

Prem.

amount

Maturity

amount

% of return

after maturity

1 2001 Scholar Child 2,40,000 18 24,000 5,45,600 126.29

2 2003 SBI – Swadhan End 8,00,000 9 6,203 55,000 98.51

3 2009 Shubh Niwesh End 1,00,000 15 7,496 2,20,000 195.65

4 2009 Life Long Pension

Plus

Pension 10,00,000 30 10,000 7,12,000 237.33

5 2010 Smart performer ULIP. 5,00,000 10

(PPT-5)

50,000 7,50,000 300

6 2010 Unit plus super ULIP. 4,00,000 10

(PPT-5)

40,000 5,80,000 290

7 2010 Saral Maha Anand ULIP. 1,50,000 10 15,000 3,33,000 222

8 2010 Smart elite ULIP. 15,00,000 10

(PPT-5)

1,50,000 10,20,000 136

9 2011 SBI Life Money

Back

Money

Back

1,00,000 20 7,256 2,25,000 155.04

10 2011 Flexi smart

insurance

End 1,50,000 20 15,000 3,45,000 115

11 2010 SBI Smart Money

back

Money

Back

1,00,000 12 10,862 1,65,000 126.58

12 2010 SBI Saral Life End. 1,00,000 10 11,330 2,00,000 176.47

13 2010 SBI Sanjeevan

Supreem

End. 1,00,000 15

(PPT-6)

17,734 2,00,000 187.96

229

Graph 4.27

Insurance Returns – SBI Life Insurance

0

50

100

150

200

250

300%

of

retu

rn a

fte

r m

atu

rity

Scholar SBI –

Sw adhan

Shubh

Niw esh

Life Long

Pension

Plus

Smart

performer

Unit plus

super

Saral Maha

Anand

Smart elite SBI Life

Money

Back

Flexi smart

insurance

SBI Smart

Money

back

SBI Saral

Life

SBI

Sanjeevan

Supreem


230

INTERPRETATION:

The table No. 4.29 furnishes the returns from different Life Insurance policies of SBI Life. Return from endowment policy is

more in the year 2009 i.e. 195.65as compared in the year 2003, 2010 and 2011. Because of features of the policy the returns from

money back in the year 2011 was 155.04% which is more as compared in the year 2010 i.e. 126.58 in order to attract the investors.

The company launched the ULIP in the year 2010 by changing the features and the returns shows fluctuating trend because of the

sensitivity.

231

Table No. 4.30

Insurance Returns - Max New York

Sr.

No.


assured

Term

years

Prem.

Amount

Maturity

amount

% of return

after maturity

1 2001 Whole life plan Trad.

End.

10,00,000 99

(PPT 20)

20,000 7,12,688 178.17

2 2003 Life Gain Plus Trad. 2,54,644 20 20,000 6,00,663 150.16

3 2003 Life gain plus II End. 1,00,000 20

(PPT-10)

8,240 2,10,283 255.19

4 2004 Life pay Money

Back

Mon.

Back

2,30,000 16 20,000 3,60,000 112.5

5 2010 Mangaltm

End. Plan End. 1,00,000 15

(PPT 6)

18,863 2,60,000 229.72

6 2006 Life partner plus Pension 3,14,115 75

(PPT-20)

20,000 6,99,358 174.83

7 2009 Max newYork

College plan

Child 3,00,000 21

(PPT-18)

25,438 5,60,000 122.30

8 2009 College money back

Plan

Child 3,50,000 21 25,000 11,13,970 212

9 2010 Platinum Protect Term 50,00,000 30 11,967 3,59,010 100

10 2010 Premium return

term plan

Term 5,00,000 20

(PPT- 11)

8,500 93,500 100

11 2010 20 years

Endowment Plan

End. 1,00,000 20 5,628 1,60,000 142.14

12 2010 Life pay tm

money

back

Money

back

1,00,000 20

(PPT 6)

17,542 1,40,000 133.01

232

Graph 4.28

Insurance Returns - Max New York

0

50

100

150

200

250

300

% o

f re

turn

aft

er

ma

turi

ty

Whole life

plan

Life Gain

Plus

Life gain

plus II

Life pay

Money Back

Mangaltm

End. Plan

Life partner

plus

Max

new York

College Plan

College

money back

Plan

Platinum

Protect

Premium

return term

plan

20 years

Endow ment

Plan

Life pay tm

money back


233

INTERPRETATION:

The table No. 4.30 brings out the information about return from different life insurance policies of MAX Newyork. The

returns from Endowment plan was more in the year 2003 i.e. 255.19% as compared with the other years in the study period because

of less premium payable term. The money back policy launched in the year 2004 and the return was 112.5%. the return from child

plan in the year 2009 was 212% and 122.30%. the variation in the return is because of the different policies. The Company launched

the two term plans in the years 2010and the return was 100%.

234

Table No. 4.31

Insurance Returns - Bajaj Allianz

Sr.

No.


assured

Term

years

Prem.

Amount

Maturity

amount

% of return

after maturity

1 2001 Term care End. 1,00,000 10 1,400 18,000 128.57

2 2004 Child gain 21 Child 1,00,000 18

(PPT-15)

9,000 2,25,000 166.66

3 2007 New unit gain plus ULIP 1,50,000 10

PPT 3

15,000 65,000 144.44

4 2007 Capital unit gain ULIP 1,00,000 10

PPT 3

10,000 40,000 133.33

5 2008 Super saver End 1,00,000 10 14,000 2,05,000 146.42

7 2009 Invest gain End 1,00,000 10

(PPT-5)

12,000 1,10,000 183.33

8 2009 Max advantage ULIP 1,25,000 10

(PPT-5)

25,000 2,00,000 160

9 2010 Risk care II

(single Premium)

End. 2,00,000

10

(PPT-1)

3,400 No Refund -

10 2010 Super cash gain End. 1,00,000 7 17,000 1,90,000 159.66

11 2010 I secure more than plan End. 2,50,000 10 670 No.

Refund

-

12 2010 Cash rich insurance End. 1,00,000 15

(PPT-10)

11,600 1,90,000 163.79

13 2010 Invest plus premier End. 1,20,000 10 6,000 1,00,000 166.66

235

Graph 4.29

Insurance Returns - Bajaj Allianz

0

20

40

60

80

100

120

140

160

180

200

Ra

te o

f R

etu

rns

Term care Child gain 21 New unit gain

plus

Capital unit

gain

Super saver Invest gain M ax

advantage

Risk care II Super cash

gain

I secure mo re

than plan

Cash rich

insurance

Invest plus

premier


236

INTERPRETATION:

As seen from the above table No. 4.31, the returns and different policies of Life Insurance of Bajaj Allianz. The returns

from endowment plan was more in the year 2009 i.e. 183.33% as compare with the other years in the study period because of

the less premium payable term. The company launched the new child plan in the year 2004 with less premium payable term

and the return was 166.66%. the return from ULIP shows the fluctuating trend because of the up and downs in the security

market..

237

Table No. 4.32

Insurance Returns – Birla Sun Life

Sr.

No.


assured

Term

years

Prem.

Amount

Maturity

amount

% of return

after maturity

1 2001 Flexy ULIP 1,00,000 20 5,000 2,50,000 250

2 2007 Goal Plus ULIP 1,00,000 10

(PPP 3)

10,000 90,000 300

3 2007 Saral Jeevan ULIP 2,50,000 20 12,000 5,00,000 208.33

4 2007 Dream Plan ULIP 6,00,000 20 6,000 2,00,000 166.66

5 2009 Money back Plus Mon.

Back

1,20,000 30 12, 548 4,26,350 113.25

6 2009 Single Premium

Rainbow

End. 2,50,000 10

(PPT 1)

5,00,000 10,03,955 200.79

7 2010 Bachat Endowment End. 90,000 20 6,000 2,22,000 185

8 2010 Bachat Child End.

Child

1,80,000 20 12,000 4,50,000 187.5

9 2010 Guaranteed Bachat

Plan

End. 24,000 20 4,948 1,99,000 199.63

10 2010 Classic child Plan Child 5,25,000 35

(PPT 15)

30,000 15,82,767 351.72

11 2010 Protection Plan Trad. 25,00,000 30 7,640 No.

Refund

-

238

Graph 4.30

Insurance Returns – Birla Sun Life

0

50

100

150

200

250

300

350

400R

ate

of

Re

turn

s

Flexy Goal Plus Saral Jeevan Dream Plan Money back

Plus

Single

Premium

Rainbow

Bachat

Endow ment

Bachat Child Guaranteed

Bachat Plan

Classic child

Plan

Protection

Plan


239

INTERPRETATION:

The table No. 4.32 explores the return from different life insurance policies of BIRLA Sun life the return from

Endowment is more in the year 2009 i.e. 200.79 which is more as compared with the other years because of single premium

payable term. The money back policies launched in the year 2009 and the return was 113.25%. the new Two child plans

launched in the year 2010 and the return was 187.5% and 351.72%, the second plan having the highest return because of the

less premium payable term. The returns from ULIP shows the fluctuating trend in the study period because of the stock market

situations.

240

Table No. 4.33

Comparative average returns of different Insurance companies

Plan LIC Reliance ICICI Aviva ING Bharati SBI MAX BAJAJ BIRALA

Endowment 200.49 184.03 175.63 151.87 131.93 153.84 168.49 188.36 158.7 195.14

Money Back 159.21 114.09 137.29 176.22 143.33 ---- 140.81 122.76 ----- 113.25

Child 160.10 209.33 180.25 128.91 149.92 141.24 126.29 167.15 166.66 269.61

ULIP 317.95 253.33 138.83 215.66 159.16 130.66 237 100 145.92 231.24

241

Graph 4.31

Comparative average returns of different Insurance companies

0

50

100

150

200

250

300

350R

etu

rn

LIC Reliance ICICI Aviva ING Bharati SBI MAX BAJAJ BIRALA

Plan

Endowment Money Back Child ULIP

242

INTERPRETATIOIN:

Table No. 4.33 represents the comparative returns from the different policies of 10 insurance companies. In case of

Endowment Plan LIC gives more return i.e. 200.49% which ranks first and Birla Sun Life gives returns 195.14 and ranks second,

Max New York gives return 188.36% and ranks third.

The money back plan Aviva gives returns 176.22 and ranks first. The LIC gives 159.21% returns and ranks second. The ING

Vyasa gives 143.33% return and ranks third. The Bharati AXA and Bajaj Allianz have not this plan in study period.

In case of child plan Birla Sun Life gives 269.61% returns and ranks first. The reliance insurance gives 209.33% returns and

ranks second. The ICICI Prudential gives return 180.25% and ranks third.

In case of ULIP plan LIC gives highest returns i.e. 317.95% and ranks first reliance gives 253.33% returns ranks second. The

SBI gives returns 237% returns and ranks third. The LIC and Private Insurance Companies gives average returns to investors on

tradition plan. In case of child plan private insurance companies gives better returns than LIC.

243

Table No. 4.34

Return on investment



Max New York Life

ING Vyasa Sr. No.


Total

1 High 3 30 3 30 3 30 3 30 3 30 3 30 5 50 1 10 3 30 5 50 32

2 Medium 7 70 7 70 7 70 7 70 7 70 7 70 5 50 9 90 7 70 5 50 68

3 Low 0 0 0 0 0 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Total 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 100

Interpretation:

Table No. 4.34 reveals the information about return on investment. The 68% respondent says that all the insurance

companies gives medium returns. The SBI Life is highest giving medium returns to investors and 32% respondents says that

on an average all insurance companies except Aviva & ING Vyasa gives average high returns. The Aviva & ING Vyasa

gives highest high returns to investor as compare to other insurance companies.

244

Graph 4.32

Return on investment

0

10

20

30

40

50

60

70

80

90

Pe

rce

nta

ge


alliance


York Life

ING

Vyasa

Insurance Companies

High

Medium

Low

SBI Life

245

Table No. 4.35

Satisfaction about the service



Max New York Life

ING Vyasa Sr. No.


Total

1 Fully

Dissatisfied

0 0 1 10 0 0 0 0 2 20 0 0 0 0 0 0 0 0 0 0 3

2 Dissatisfied 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

3 Neither

Satisfied

nor

Dissatisfied

0 0 1 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1

4 Satisfied to

some

extent

1 10 1 10 2 20 1 10 2 20 3 30 2 20 3 30 1 10 3 30 19

5 Fully

Satisfied

9 90 7 70 8 80 9 90 6 60 7 70 8 80 7 70 9 90 7 70 77

Total 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 100

Interpretation:

Table No. 4.35 shows the satisfaction of the respondent regarding services provided by the insurance companies. The

77% respondents says fully satisfied about the services provide by insurance companies. In this regard LIC, ICICI, Max

New York are better. The 19% respondent satisfied to some extent and very few respondents of Reliance and Birla

insurance companies are fully satisfied about the services.

246

Graph 4.33

Satisfaction about the service

0

10

20

30

40

50

60

70

80

90

Pe

rce

nta

ge


alliance


York Life

ING Vyasa

Insurance Companies

Fully Dissatisfied Dissatisfied

Neither Satisfied nor Dissatisfied Satisfied to some extent

Fully Satisfied

SBI Life

247

Table No. 4.36

Perception about the returns on investment from LIC and Private Insurance Company



Max New York Life

ING Vyasa Sr. No.


Total

1 Least 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 0 1

2 Low 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

3 Average 4 40 2 20 4 40 2 20 4 40 4 40 3 30 3 30 2 20 3 30 31

4 Medium 6 60 6 60 4 40 2 20 4 40 4 40 4 40 6 60 3 30 6 60 45

5 High 0 0 2 20 2 20 6 60 2 20 2 20 3 30 1 10 4 40 1 10 23

Total 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 100

Interpretation:

Table No. 4.36 focuses the returns on investments from LIC and Private Insurance Companies. The 45% of the total

respondents says that all insurance companies except ICICI and Max New York gives better medium returns. The LIC,

Birla, SBI Life, Ing Vyasa are better in this regard. The 31% of the total respondents says that all the insurance companies

gives average returns and all companies are on an average better in this regard and 23% of the total respondents says private

insurance companies gives high returns. The ICICI is the best in this regard and rest of the private insurance companies are

on average better for giving high return.

248

Graph 4.34

Perception about the returns on investment from LIC and Private Insurance Co.?

0

10

20

30

40

50

60P

erc

en

tag

e


alliance


York Life

ING Vyasa

Insurance Companies

Least Low Average Medium High

SBI Life

249

Table No. 4.37

Rating of Additional facility



Max New York Life

ING Vyasa Sr. No.


Total

1 Poor 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

2 Average 0 0 2 20 0 0 1 10 0 0 0 0 0 0 3 30 1 10 0 0 7

3 Good 02 20 4 40 3 30 3 30 3 30 1 10 2 20 3 30 3 30 4 40.0 28

4 Better 08 80 0 0 3 30 3 30 4 40 5 50 8 80 1 10 3 30 4 40.0 39

5 Best 0 0 4 40 4 40 3 30 3 30 4 40 0 0 3 30 3 30 2 20.0 26

Total 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 100

Interpretation:

Table No. 4.37 indicates rating for the additional facilities. The 80% respondents says that Aviva is better for

providing additional facilities and then Bajaj Allianz. Under best category 40% respondent says Bajaj Allianz, Birla, Bharati

Axa provides best additional services than other Insurance companies.

250

Graph 4.35

Rating of Additional facility

0

10

20

30

40

50

60

70

80

90

100P

erc

en

tag

e


alliance


York Life

ING Vyasa

Insurance Companies

Poor Average Good Better Best

SBI Life

251

Table No. 4.38

Risk



Max New York Life

ING Vyasa Sr. No.


Total

1 Poor 0 0 1 10 1 10 0 0 1 10 2 20 0 0 4 40 0 0 0 0 9

2 Average 1 100 4 40 2 20 2 20 3 30 5 50 9 90 3 30 2 20 8 80 39

3 Good 0 0 2 20 3 30 0 0 3 30 3 30 1 10 3 30 0 0 2 20 17

4 Better 0 0 1 10 1 10 4 40 1 10 0 0 0 0 0 0 4 40 0 0 11

5 Best 0 0 2 20 3 30 4 40 2 20 0 0 0 0 0 0 4 40 0 0 15

Total 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 10 100 100

Interpretation:

Table No. 4.38 observation says that risk wise rating of Insurance companies. The 39% respondents rated all

companies are average in risk coverage, 90% of respondents rated average risk covering to Aviva and 80% respondent rated

of average risk coverage to ING Vyasa and the 40% of ICICI, Max New York rated better for risk coverage. The 17%, 15%

and 11% respondents says that for risk coverage all insurance companies good, best and better respectively.

252

Graph 4.36

Risk

0

10

20

30

40

50

60

70

80

90

100

Pe

rce

nta

ge


alliance


York Life

ING Vyasa

Insurance Companies

Poor Average Good Better Best

SBI Life

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