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KOTAK LIFE INSURANE COMPANY

INDEX

S.I. NO DESCRIPTION PAGE NO

1 IntroductionIndustry ProfileCompany profileProduct profile

2-11

2 Need of the studyScope of the studyObjective of the study

12-13

3 Research Methodology 15

4 Data Analysis & Interpretation 17

5 Finding 28

6 Conclusion & Recommendation 29 7 Limitations of study 30

8 Suggestion 31

9 Bibliography 32

10 Annexure 36

N..T.T.COLLAGE PAGE 1


INTRODUCTION

Wherever there is uncertainty there is risk. The risk cannot be averted. The risk is uncertainty of the financial loss. We don t have any command on uncertainties. This makes it essential that we think in favor of a device that becomes instrumental in spreading the loss. It is in this context that we think about insurance.

Protection against the possible chances of generating uncertain losses. It eliminates worries and miseries of losses or destruction of property and death.

Life insurance is a contract between you and a life insurance company. Which provided you a death during the contract term?

Buying insurance is extremely useful if you are the principal earning member in the family unfortunate premature demise, your family can remain financially secure because of the life that you have purchased.

The primary purpose of life insurance is therefore protection of the family in the even insurance is also seen as a tool to plan effectively for your future years. Your retire children s future needs. Today, the market offers insurance plans that not just cover your same time grow your wealth too. If you have dependents and financial responsibilities toward them, then youCertainly need.

Having a family means dependant, which in turn means financial commitments. Finance comes in the form of loans, children s education,medical expenses etc. Imagine what would happen if you were to lose your life suddenly or become disabled being insured in a situation like this is anecessity.

Most insurance plans available today come with a savings element built into it. These policies not only for a financially independents future, which were have a comfortable retirement. Kotak preferred Retirement Plans meet your dual financial goals of life cover and savings for the future Collateral security.

Life was t designed to be risk free. The key is not to eliminate risk, but to estimate it accurately and manage it wisely.

Insurance sector have characteristic that give can boost to the growth of any economy .it is due to the savings done at the individual level and at micro level it generates funds for infrastructure building as the cash flow is constant while the payout is differed, so that the insurance companies are becoming biggest investors in long gestation infrastructure development projects and hence have a great Importance to the developing economy likeIndia.Insurance sector with an annual growth rate of 15-20% and the largest number of life insurance policies in force, the potential of the Indian insurance industry is huge.



INDUSTRY PROFILE

The industries, businesses and individuals are considerably by the services of insurance organization.

A. The oldest form of insurance (12th century) is marine insurance. After wards in 16th century fire insurance is started in Germany.

B. The first registered life office was Hand in Hand Society established in 1696.

C. In India the first life insurance was started in the Bengal Presidency in 1818 knows as oriental life insurance company.

D. Experiencing so many ups and downs the insurance business was found in changed shapes. Particularly after attaining independence and to the more specific after nationalizing in 1956.

E. There was major change in the insurance sector after globalization in 2001. The private player in the insurance industry and ends the dominance of LIC.

F. The different MNC s company of foreign country enters in the insurance industry with the joint venture with Indian companies. Today total 11 private life insurance companies are working in insurance industry.

HISTORY

1912: the Indian Life Assurance Companies Act enacted as the first stature to regulate the life insurance business.

1928: the Indian Insurance Companies Act enacted to the government to collect statistical information about both life and non-life insurance businesses.

1938: Earlier legislation consolidated and amended to the insurance Act with the objective of protecting the interests of the insuring public.

1956: 245 Indian and Foreign insurers and provident societies taken over by the central government and nationalized. LIC formed by an Act of Parliament, viz. LIC Act, 1956, with a capital contribution of Rs. 5 core from the Government of India.



COMPANY PROFILE

About Kotak Mahindra Old Mutual Life Insurance Ltd

Kotak Mahindra Old Mutual Life Insurance Ltd is a 74:26 joint venture between Kotak Mahindra Bank Ltd., its affiliates and Old Mutual plc. The company started operations in 2001, and strives to offer its customers outstanding value through high customer empathy, consistent and benchmarked service and a suite of products that leverage the combined prowess of protection and long term savings. The company covers over 4 million lives and is one of the fastest growing insurance companies in India.

About Kotak Mahindra Group

Established in 1985, the Kotak Mahindra group is one of India's leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group's flagship company, received a banking license from the Reserve Bank of India (RBI). With this, KMFL became the first non-banking finance company in India to become a bank – Kotak Mahindra Bank Limited.

The consolidated balance sheet of Kotak Mahindra group is over Rs. 1.17 lakh crore and the consolidated net worth of the Group stands at Rs. 17,228 crore (approx. US$ 2.9 billion) as on June 30, 2013. The Group offers a wide range of financial services that encompass every sphere of life. From commercial banking, to stock broking, mutual funds, life insurance and investment banking, the Group caters to the diverse financial needs of individuals and the corporate sector. The Group has a wide distribution network through branches and franchisees across India, and international offices in London, New York, Dubai, Abu Dhabi, Mauritius and Singapore.

Old Mutual

Old Mutual provides life assurance, asset management, banking and general insurance to more than 14 million customers in Africa, the Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.In the year ended 31 December 2012, the Group reported adjusted operating profit before tax of £1.6 billion (on an IFRS basis) and had £262 billion of funds under management from core operations.



MILE STONES

1986 Kotak Mahindra Finance Limited starts the activity of Bill Discounting

1987 Kotak Mahindra Finance Limited enters the Lease and Hire Purchase market

1990 The Auto Finance division is started

1991 The Investment Banking Division is started. Takes over FICOM, one of India’s largest financial retail marketing networks

1992 Enters the Funds Syndication sector

1995 Brokerage and Distribution businesses incorporated into a separate company ‐ Kotak Securities. Investment Banking division incorporated into a separate company ‐ Kotak Mahindra Capital Company

1996 The Auto Finance Business is hived off into a separate company – Kotak Mahindra Primus Limited. Kotak Mahindra takes a significant stake in Ford Credit Kotak Mahindra Limited, for financing Ford vehicles. The launch of Matrix Information Services Limited marks the Group’s entry into information distribution.

1998 Enters the mutual fund market with the launch of Kotak Mahindra Asset Management Company.

Kotak Mahindra ties up with Old Mutual plc. for the Life Insurance business.

2000 Kotak Securities launches kotakstreet.com ‐ its on‐line broking site. Formal commencement of private equity activity through setting up of Kotak Mahindra Venture Capital Fund.

2001 Matrix sold to Friday Corporation Launches Insurance Services

2003 Kotak Mahindra Finance Ltd. converts to bank



Vision and Mission Statement

An uncommon bond. Strengthened by a common vision. Apart from common beliefs, values and objectives we believe in the vision of a better tomorrow. It is this deep veneer of faith that has brought us together and fortified our bond.

The global Indian financial services brand Our customers will enjoy the benefits of dealing with a global Indian brand that best understands their needs and delivers customized pragmatic solutions across multiple platforms. We will be a world-class Indian financial services group. Our technology and best practices will be benchmarked along international lines while our understanding of customers will be uniquely Indian. We will be more than a repository of our customers' savings. We, the group, will be a single window to every financial service in a customer's universe.

The most preferred employer in financial services A culture of empowerment coupled with a spirit of enterprise, attracts bright minds with an entrepreneurial streak to join us and stay with us. Working with a home-grown, professionally-managed company, which has partnerships with international leaders, gives our people a perspective that is universal as well as unique.

The most trusted financial services company We will create an ethos of trust across all our constituents. Adhering to high standards of compliance and corporate governance will be an integral part of building trust.

Value creation Value creation rather than size alone will be our business driver.



Why Kotak Life Insurance

Kotak Mahindra Old Mutual Life Insurance is one of the fastest growing insurance companies in India, trusted by over 4 million policyholders nationwide. The company is differentiated because of its proven ability to deliver outstanding value to its customers through high customer empathy and understanding, lifetime of exceptional service and suite of products that best leverage the combined prowess of Protection and Long term Savings - the two key elements that determine any winning life insurance product. The company also has among the best claim ratios in the industry, a solemn testimony to its business practices.

Strengths

Financial Acumen - Holds a stable and diversified portfolio and has received some of the highest ratings in financial strength from industry’s independent rating agencies.

Disciplined fund management - Years of experience in asset management, and a strong track record in managing funds - backed by the acclaimed expertise of Old Mutual plc.

Innovativeness - Innovator in providing pragmatic and need based life insurance solutions, with consistent emphasis on leveraging the combined prowess of protection and long term savings to the customer’s best advantage.

Unrelenting Customer Focus - A highly committed sales force, with customer satisfaction as the key driving force

Transparency in Services - Daily declaration of fund performances, regular performance benchmarking, well regulated asset management, and monthly newsletter on market updates



PRODUCT

a) Kotak Flexi plan

Advantages:

1. Choice of 5 professionally managed funds included Gilt Fund, FloatingRate Fund, Bond Fund, Balanced Fund, Growth Fund.

2. Add lump sum injections as and when suitable

3. Premium holiday facilities

4. Riders options for enhanced protection

5. Loan facilities in case of emergencies

6. Simplified documentation and procedures

b) Kotak Retirement Income Plan

The Kotak Retirement Income Plan is a savings plan designed to meet yourpost retirement needs. It is a plan that gives you jeene Ki azaadi by givingyou the choice to remain independent even after retirement.

Advantages:

1. In this plan minimum age of 18 years of old and maximum age is 60 years.

2. You may buy an annuity either from Kotak Life Insurance.

3. You can make lump sum injections into your policy at any time before retirement.

4. For a with cover plan you have the facility of Automatic coverMaintenance, which ensures that the cover remains in force even when youmiss the premium payments. This facility is available after the first 3 years of the term.

5. You may exercise the option of paying premium from the Supplementary Accumulation Account, created from will be created from lump sum injections, if the need arises.



c) Kotak Endowment Plan

An Endowment policy is a combination of savings along with risk cover. These policies designed to accumulate wealth and at the same time cover your life. In simple words, issued for specific time periods during which you pay a regular premium. If you die during policy, your beneficiaries will receive the sum assured along with the accumulated bonus a outlive thePolicy tenure you will receive the sum assured along with accumulated bonus.

Advantages:

1 In this plan minimum age of 18 years of old and maximum age is 65 years.

2 You can take a loan against your policy has been in force for at least three years.

3 You have the option of paying premiums quarterly, half yearly or yearly.

4 You have the benefit of a 15-day free look period.

d) Kotak Capital Multiplier Plan

The Kotak Capital Multiplier Plan is a participating plan that is built in such a way that it allows your money to multiply, and gives you the flexibility of using this money the way you need it, in regular and irregular withdrawals. This is an endowment plan, which is very flexible and has a lot of in-built benefits.

Advantages:

1) In this plan minimum age of 18 years of old and maximum age is 60 years.

2) At the start of your withdrawals period, you can draw the full proceeds or you can draw up to 50% of your basic sum assured or accumulation account, whichever is higher.

3) In addition to the regular premiums, you can make lum sum injection into your plan during the premium paying period. A Supplementary Accumulation Account will be created.

4) You have the facility of Automatic Cover Maintenance, which ensures that the policy remains in force even when you miss the premium payments. This facility is available after the first 3 years of the term.



e) Kotak Child Advantage Plan

The Kotak Child Advantage Plan is an investment plan designed to meet your child s future needs. It is a plan that gives your child the azaadi to realize his/her dreams. This is an endowment plan where the life insured is the child. This is a participating plan.

Advantages:

1 In this plan minimum age of 0 years of old and maximum age is 17 years.

2 You may take a loan against this plan, after the policy has been in force forat least three years.

3 You have the option of paying premiums quarterly, half yearly or yearly.

4 You have the benefit of a 15-day free look period.

Need of the study



The project report is all about market research to find out best sold plan of Kotak Mahindra Life Insurance, Gurgaon And to mouser the satisfaction level of consumers of Kotak Mahindra Life Insurance.

Market research helps Kotak Mahindra Life Insurance about the best plan purchased by its consumer satisfaction level helps to know whether the consumers are satisfied by service/Plans of Kotak Mahindra Life Insurance.

Scope of study

The study will help understand the marketing scenario of Insurance Industry in Chennai Region.

It may help the company to know its strength and weakness.

The study may help to know the drawbacks of Kotak Mahindra life insurance as a competitor in the Insurance Industry.

This study may help the company to know its position as a competitor in the Insurance Industry.

This will add value to know the most preferable product of the company among the customers.

OBJECTIVE OF THE STUDY



1) To determine the present brand position of the Kotak Mahindra life insurance.

2) To study the customer satisfaction level of KotakMahindra Life Insurance;

The main objective of the project was to analyze consumer satisfaction of Kotak Mahindra Life Insurance with other services in Gurgaon. And also present position of the company.

2) To determine the market share of different brands:

The second objective of the project was to determine the market share of different brands available in the market. There was a tough competition for the brand in the market. Therefore to get establish, company had to make its competitor’s analysis and need to determine where do they stand.

3) Responses of customer:

Responses from them were collected through survey and for the Questionnaire were prepared for both of them.

4)To find the market share of Kotak Mahindra Life Insurance.

5) To know competitor strength and weakness.

6) To showcase the consumers’ willingness to spend on life insurance.



RESEARCH METHODOLOGY

Research is an art of scientific investigation through search for new facts in any branch of knowledge. It is a moment from known to unknown. Research always starts with a question or a problem.

Its purpose is to find answers to questions through the application of the scientific method.

It is a systematic and intensive study directed towards a more complete knowledge of the subject studied.

As marketing does not address itself to basic or fundamental question, it does not qualify as basic research. On the contrary, it tackles problems, which seem to have immediate commercial potential.

In view of the major consideration, marketing research should be regarded as applied research. We may also say that marketing research is of both types problem solving and problem oriented.

Marketing research is as systematic and objectives study of the problems pertaining to the marketing of the goods and services. It may be emphasized that it is not restricted to any particular area of marketing, but is applied to all the phases and aspects.



METHOD OF DATA COLLECTION

1) Data to be collected.

Data includes facts and figures, which are required to be collected to achiever the objectives of the project. In order to determine the present position and satisfaction of customer of kotak Mahindra Life Insurance.

a) Primary Data

The data that is being collected for the first time or to particularly fulfill the objectives of the project is known as primary data.

These types of data were,- The market share of Kotak Mahindra Life Insurance.

- The market share of other brands available in the market.

- Responses of consumer.

- Identifying pros and cons of the brand.

The above primary data were collected through responses of consumer wasconducted through questionnaires prepared for them.

b) Secondary Data

Secondary data are that type of data, which are already assembled and neednot to collected from outside. These types of data were

i) Company Profile

ii) Product Profile

iii) Competitors Profile

The aforesaid data were collected through Internet and company s financialreport.



2) Data Collection Method

For given project, the primary data, this needed to collect for the firsttime, were much significant. This type of information gathered through Survey technique, which is the most popular and effective technique forCorrect data collection. The survey was completed with the use of questionnaires

3)Sampling

Sample is the small group taken under consideration from the total group. This small group represents the total group. In the project the market research, which was ask to be studied was Gurgaonmarket but as it was possible to approach all the respondent s customer of the city, hence a sample was selected which represents the whole city. The areas selected for the sampleare present further in the appendix. Sample size of customer list was taken from Kotak Mahindra Life Insurance customer data basic.

4)Universe

Population of Gurgaon ncr.

5) Sample Design

Sampling refers to the method of selecting a sample from a given universe with a view to draw conclusions about that universe. A sample is a representative of the universe selected for study.

Convenience sampling is used in exploratory research where the researcher is interested in getting an inexpensive approximation of the truth. As the name implies, the sample is selected because they are convenient. This non probability method is often used during preliminary research efforts to get a gross estimate of the results, without incurring the cost or time required to select a random sample

6)Sample Size

The sample size for the survey conducted was 100 respondents.

7) Sample Technique

Convenience sampling technique was used in the survey conducted.

Simple random sampling- In this each unit of population has equal chance of being included in

the sample.

DATA INTERPRETATION



1) Personal detail:

18-24 24-35 35-45 45-550

2

4

6

8

10

12

14

16

18

20

No of Respondents

No of Respondents

ANALYSIS

Above diagram consist five classes of different age groups. Here customer19 customer biloges to 25-35 age groups, 16 customers fall in the age group35-45 years.Other 8 customer comes are in the class 45-55 years the age group of 18-24Consists four customer reaming customer is in age group 55-65 years.Here majority of customer belong to the group 25-35 years.


Class(Age)

No of respondents

18-24 424-35 1935-45 1645-55 855-65 1


(2) Do you think is it essential to have life insurance?

YES__________ NO_______

Yes No Total No of respondents 45 5 50% of respondents 90 10 100

No of Respondents

YesNo

ANALYSIS

To these question 45 consumers reported YES and 5 consumers reportedNO.



(3) Which are the companies you invested your money for life insurance?

companies No of Respondents % of Respondents

Kotak Mahindra life insurance 50 37.04

Lic 30 22.22Bajaj Allianz - -Tata AIG 10 7.41Max new York life insurance 5 3.70

HDFC Life Insurance 10 7.41ICICI Prudential insurance 25 18.52SBI 5 3.70

No of respondents

Kotak Mahindra Life InsuranceLICBajaj AllianzTata AIGMax New york life inusranceHDFC Life InsuranceICICI Prudential Life InsuranceSBI

ANALYSISFrom the above figure we come to know that customer is also investing Money in other life insurance companies. The major player in insurance is LIC holding 22.22% of total sample. The second major player ICICI is Holding 18.52%. HDFC and AIG are having equal share of 7.41% & the Max New York & SBI are having 3.70%.



(4) Why did you choose Kotak life insurance?

No of respondents % of respondents

ROI 18 36Peer pressure 15 30Tax benefit 10 20Security / safety 2 24Low premium 5 10TOTAL 50 100

NO of Respondents

ROIPeer PressureTax BenefitsSecurity / SafteyLow premium

ANALYSIS

The above diagram shows 36% of respondents choose because of good Returns, 30% because of peer pressure and remaining 24% opt. Because ofTax benefit, safety and 100 premiums respectively.(5) Which of the following planed you is insured?




Kotak Flexi plan 25 40Kotak retirement plan 19 30Kotak endowment plan 3 5Kotak capital multiplier plan 6 10Child advantage plan 10 15Total 50 100

No of Respondents

kotak flexi plankotak retirement plankotak endowment plankotak capital multiplier planchild advantage plan

Note.Some of customer is having more than one plan total survey customers are

ANALYSIS

From the total 63 respondents maximum i.e. 40% customers have opted forFlexi Plan, whereas 30% have gore for Retirement plans and remaining 30% have customer are having endowment, multiplier and child advantage respectively.(6) What kind of service you expect from insurance provides?




Easy access ability to deposit centre 20 31Time to time premium collection 12 19Provision in case of dues 8 13Bonus and other schemes 24 37TOTAL 64 100

NO OF Respondents

Easy access ability to deposit centreTime toTime premium collectionProvision in case of duesBonus and other schemes

Note.Some of customer are expecting more than single service.

ANALYSIS

Out of total 50 respondents 37% like to have bonus and other service as a prime concern, 13% like to have provision in case of dues and remaining 31% & 12% respondents say. They need time-to-time premium collection and easy accessibility to deposit center as a concern before choosing Insurance provider.

(7) How will you rate the service given by Kotak Mahindra Life Insurance?




Poor - -Average 16 32Good 28 56Excellent 6 12TOTAL 50 100

No of respondents

poorAverageGoodExcellent

ANALYSIS

Out of 50 respondents 57% have ratted Kotak Mahindra Life Insurance Services as good and 32% have ratted as average. And remaining 12% have ratted as Excellent.

(8) What difference you find between Kotak and your previous insurance provider?



No of Respondents % of respondentsGood Return 16 21Effective Service / liquidity 12 15Tax Planning 28 36Security / Saftey Benefit 22 28TOTAL 50 100

No of respondents

Good ReturnEffective sevice/ LiquidityTax PlanningSecurity/ Saftey Benefit

Note.Some of customers are having more than one plan more Benefit are expected in one plan. Total surveys of customers are 50.

(9) Do you have any suggestion for Kotak Mahindra Life Insurance?



Yes__________ NO______________

YES NO TOTAL

NO of respondents 39 11 50

% of respondents 78 22 100

No of Respondents

YesNo

ANALYSIS

To this question 39 consumers reported YES and 11 consumers reported NO.

(10) In future, will you purchase policies from kotak Mahindra life insurance?

YES__________ NO_______



Yes No TOTALNo of Respondents 32 18 50% of Respondents 64 36 100

No of Respondents

YESNO

ANALYSIS

To these question 32 consumers reported YES and 18 consumers reported NOss

OBSERVATIONS

Majority of the customer s belonged to age group of 25-35years that is 19 consumers.

45 consumers think Life Insurance is essential for them.

135 respondents are investing in life insurance companies likeKotak Life Insurance, LIC, Tata Allianz, Max New York HDFC, ICICI and SBI.



36 percentages of the total respondents invest in KotakMahindra Life Insurance for getting high ROI.

Most of respondent s preferred kotak Flexi Plan.

37.5 percentage respondents expect bonus and other schemesa) from Kotak Mahindra Life Insurance.

56 percentage respondents satisfied with services given bya) Kotak Mahindra Life Insurance.

As per 28% of despondence Kotak Mahindra Life Insurancea) providers good tax benefits to the Investors.

64% of respondents are willing to purchased policies froma) Kotak Mahindra Life Insurance in future.

FINDINGS

There is significant difference between Kotak Mahindra and other brands.



Middle Income group constitutes largest contributor to Investment in the company.

KSIP is the most sought after investment scheme for Kotak Mahindra.

ICICI Pru is giving tough competition to Kotak Mahindra on most of the variables selected for study.

Other company advisors have better product knowledge than most of established companies.

Other company have better promptness of claim settlement than most of the established companies.

CONCLUSION

After conducting market research for Kotak Mahindra Life Insurance Company we came to know different needs of consumers, their valuable suggestions, responses to the different questions. With this information we can conclude that there is good market awareness about Kotak Mahindra Life Insurance Company in the market.



Customer satisfaction level of most respondents is higher for KotakMahindra Life Insurance Company, which is provided by survey. Higher satisfaction level of Kotak Mahindra life insurance company was monthly due to Kotak provides good tax benefit for the consumers also ROI, security etc.

Kotak Mahindra Flex s plan is the best-sold plan in market by KotakMahindra Life Insurance. This conveys that the customer s are switching toRetirement plan.

RECOMMENDATIONS

1)There is scope to sale insurance policy by concentrating on age group 18-24 years here potential of customers are there.(Example. Software professional, BPO employees, and professionals) Flexi plan can be sold by concentrating on age group 35-45 years. (Example. Government employees, executives and businessman)



2)As major respondents think to have life insurance policy is very essential there is lot of scope for insurance company.

3)Kotak Mahindra Life Insurance should try to build trust among the public by making people aware of their investment is safe, high return on investment, Tax Benefits.

4)As more respondents are investing in Kotak Mahindra Life Insurance for getting high return on investment the company should try to provide attractive returns on investments in future.

5)Kotak Mahindra Life Insurance should introduce attractive policies &also attractive bonus on policies to attractive more potential customers.

6)Approx 36% of respondents differ with their previous insurance provider, they field that Kotak Mahindra Life Insurance providing good tax benefit for there investment so Kotak Mahindra Life Insurance if possible try to provided more tax benefit customer.

7) 64% respondents are willing to purchases Kotak Mahindra Life Insurance policies in future this benefit Kotak Mahindra Life Insurance as mort potential customer in future.

LIMITATION

Sample is also collected from various areas in Gurgaon.

The sample size was limited to 100 consumers attached to this office.



The time available to the researcher was limited. This necessitated the use of small sample size.

The study covered the consumers attached to this office. The observation and conclusions apply to these consumers and cannot be generalized for all consumers of Kotak Mahindra.

The observations and conclusions are based on the responses of the consumers who chose to respond. The views of those who declined to participate in the study are not represented.

The accuracy of the study depends on the correctness of the responses of the respondents.

SUGGESTION

The company should give training to its advisors to enhance product knowledge of the company.

The company should create awareness about its product and schemes highlighting returns given by the company to its investors.

The company should come out with Investment schemes catering to low Income group to penetrate into this segment.

Company should enhance its promptness of claim settlement.

The company should introduce new product for the rural areas also.

BIBLIOGRAPHY

REFRENCES



REFERENCE BOOKS Philip Kotler, Kevin Lane Keller, Abraham Koshy, MithileshwarJha (2008), Marketing

Management, 13th edition, Pearson education, New Delhi

K. Kundan (2009), Marketing Aptitude Test, BSC Publication, Delhi

Statistical methods by Dr. S.P. Gupta, sultan Chand &son’s educational publishers, New Delhi.

Business Research methods by William G. Zikmund, 7th edition, printed by India Binding house, Ninth Indian Report, 2009

WEBSITE REFERED

www.google.co.in

www.wikipedia.com

www.kotaklifeinsurance.com

www.businessindiaonline.com

www.iciciprulife.com

ANNEXURE

1) Personal detail


http://www.businessindiaonline.com/

http://www.kotaklifeinsurance.com/

http://www.wikipedia.com/

http://www.google.co.in/


Name:Age18-24 ______

25-35______

35-45______

45-55_______

55 and above

Phone No.

Email.

Office Address: - Residential Address: -____________ ___________________________ ___________________________ ________________

2. Do you think is it essential to have Life Insurance?YES___________ NO__________

3. Which are the companies you invested your money for Life Insurance?

a) Kotak Mahindra Life Insurance

b) LIC

C) Bajaj Allianz

d) Tata AIG

e) Max New York Life Insurance

f) HDFC Life Insurance

h) ICICI Prudential Life Insurance

I) SBI



4. Why did you choose Kotak Life Insurance?

a) ROI

b) Peer Pressure

c) Tax Benefit

d) Security /safety

e) Low Premium

5. Which of the following planed you is insured?

a) Kotak Flexi plan

b) Kotak retirement Plan

c) Kotak Endowment Plan

d) Kotak Capital Multiplier Plan

e) Kotak Child Advantage Plan

6. What kind of services you expect from insurance provides?

a) Easy access ability to Deposit Center

b) Time to time premium collection

c) Provision in case of Dues(Policy Lapse)

d) Bonus & other schemes

7. How will you rate the services given by Kotak Mahindra Life Insurance?

a) Poor



b) Average

c) Good

d) Excellent

8. What difference you find between Kotak & your previous InsuranceProvider.

a) Good Returns (HIGHEST)

b) Effective Service/Liquidity

c) Tax Planning

d) Security/ Safety Benefit & Protection on your Capital

9. Do have any suggestion for Kotak Mahindra Life Insurance?

YES____________ NO______________

10. In future, will you purchase policies from Kotak Mahindra LifeInsurance?

YES__________ NO______________

11 Which plan do you prefer of kotak life insurance?

a) KSIP Plan



b) Money Back Plan

c) Children Plan

d) Pension plan

12. How would you rate the promptness of claim settlement with regards to other companies?

COMPANIES EXCELLENT GOOD AVERAGE POORICICI PRU.LKOTAK LIFEBAJAJ ALLIAANZTATA AIGOTHERS

13. Are you satisfied with the returns from your investment in Kotak Mahindra in comparison to other companies?


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