PROJECT ON

“COMPARISON OF CHILD
PLAN”
OBJECTIVES OF THE RESEARCH
To know the reputation of Child Plan products in
the market.

To gain familiarity with a phenomenon or to achieve

new insights into it.

To maintain sales of the products.

To portray accurately the characteristics , benefits of

a particular individual product .
 To test a hypothesis of a casual relationship
between variables.

To discover answers to questions by reaching the

customers .
 Kinds of child plans available in the
market :
There are three kinds of child plans :
Child Endowment Plans
Child Money-Back Plans (both these plans come
under traditional child plans category) and Child Unit
Linked Insurance Plans (ULIP’s).

Traditional plans - Government Securities (G-Secs)

Which

plan to choose?
One should choose a plan that satisfies your need.

Each plan has specific feature that make it unique.

Charges are important criteria to choose between

unit linked plans.

The features and flexibilities offered by the plans are

also equally significant while choosing a children’s
plan.
Important features of Child
plans

are:
Help in saving funds for future financial need such
as education and marriage.
 
Provides insurance cover for the child or the parent
depending on the plan chosen.

The sum assured is paid to the child at the maturity

of the policy along with bonus in case of traditional
plan or the fund value is paid in case of ULIP.
Following steps should be followed for
the investment plan and to secure
child’s future:

Save regularly
Secure investment
Provide insurance cover
Flexibility
Guaranteed return
 BENEFITS:
 GURANTEED MATURITY BENEFIT .

 GURANTEED DEATH BENEFIT.

 GURANTEED FUTURE .

 PREMIUM IN THE UNFORTUNATE.

 DEATH OF THE PARENT.

 SURRENDER BENEFIT .

 LOAN FACILITY.

 TAX BENEFITS.
 FINDINGS
Provide sufficient training to salesman(advisor).

Make new schemes strategy and techniques for improving

sales.

Focus on field development activity and customer

satisfaction.

Motivation on the job.

There should be incentives for sales man for every display

they enroll.
 DETAILS OF THE ORGANISATION
Corona Advisor Pvt. Ltd was established in 2008 . It is a
broker house which deals with different type of Insurances
like Life Insurance, General Insurance, Fixed Deposit ,
Recurring Deposits, Health Insurance, Child Plan.
Corona Advisor Pvt. Ltd is tied up with Eastern Securities.
The main purpose of the company is to advice the
customers about the varieties of Insurances which
customer requires.
ORGANISATIONAL MANAGING
STRUCTURE DIRECTOR (MD)

CHIEF EXECUTIVE
OFFICER (CEO)

CHIEF
FINANCIAL AREA SALES MANGER
MANAGER CHIEF HUMAN
RESOURCE
MANAGER (CHRM)

BRANCH BRANCH
MANAGER
BRANCH MANAGER
(BM)
MANAGER (BM)
(BM)

RM RM
RM
RM
RM
RM
CONCEPTUALIZATION OF THE PROBLEM:
People are hesitant to invest and put their hard earned
money to the private life insurance company with the fear of
getting lost.

 Belief towards LIC as it is a government corporation phobia

is continue to surmount the people of India despite lots of
flaws and development and liberalization of life insurance.
 
Alternative financial services such as mutual fund, banking
services, share and securities also pose problems and threats
to the working of the life insurance sector.
 
Illiteracy and unemployment also pose threat.

 
Rising real estate industry also pose threat as
people are investing a bulk of their money over to
that industry.
 RESEARCH METHODOLOGY
Process of collecting, analyzing, interpreting and
summarizing in a significant manner.
 Primary Sources: Data is collected primarily by
interviewing and personal observation and is original in
nature and accurate to the considerable extent.
Secondary sources : -Where the data is obtained
from some published and printed sources such as
newspaper, magazines, websites and so on.
 Analyzing of collected data : Data collected
through market survey and published sources is then
processed to obtained necessary inferences and findings
for the purpose of achieving the objective.
THANK YOU