MAX LIFE INSURANCE - PRODUCT AND POLICIES

BACHELOR OF COMMERCE BANKING & INSURANCE SEMESTER VI (2012-13) SUBMITTED BY: STEPHANIE C. DSOUZA ROLL NO - 23 PROJECT GUIDE: PROF. SMITA DAYAL K.J SOMAIYA COLLEGE OF ARTS,& COMMERCE, VIDYAVIHAR (EAST), MUMBAI-400077

K.J.SOMAIYA COLLEGE OF ARTS, & COMMERCE, VIDYAVIHAR (EAST), MUMBAI 400077

PROJECT ON: MAX LIFE INSURANCE- PRODUCTS AND SERVICES BACHELOR OF COMMERCE (B&I)
SEMISTER VI (2012-2013)

Submitted In Partial Fulfillment of the requirements For the Award of the Degree of Bachelor of Commerce- Banking & Insurance

By Ms. STEPHANIE .C. DSOUZA ROLL NO.23

K.J.SOMAIYA COLLEGE OF ARTS, & COMMERCE, VIDYAVIHAR (EAST), MUMBAI-400077

CERTIFICATE
This is to certify that Ms.STEPHANIE .C. DSOUZA of B.com. Banking & Insurance Semester VI (Academic Year) 2012-2013 has successfully Completed Project on MAX LIFE INSURANCE- PRODUCTS AND SERVICES under the guidance of PROF.SMITA DAYAL.

(Mrs.SMITA DAYAL) VYAS) Course co-ordinator Principal

(Dr.SUDHA

INTERNAL EXAMINER

EXTERNAL EXAMINER

(Mrs. SMITA DAYAL)

Project Guide

DECLARATION
I, Ms. STEPHANIE .C. DSOUZA the student of B.com - Banking & Insurance Semester VI (2012-2013) hereby declares that I have completed Project on MAX LIFE INSURANCE PRODUCTS AND SERVICES. Wherever the data/information has been taken from any book or other sources have been mentioned in bibliography. The information submitted is true and original to the best of my knowledge. Students Signature

Ms. STEPHANIE .C. DSOUZA

(ROLL NO.23)

ACKNOWLEDGEMENT
On the event of completion of my project MAX LIFE INSURANCE PRODUCTS AND SERVICES. I take the opportunity to express my deep sense of gratitude towards all those people without whose guidance, inspiration, & timely help this project would have never seen the light of day. Heartily thanks to Mumbai University for giving me the opportunity to work on this project. I would also like to thank our principal Dr. SUDHA VYAS for giving us the brilliant opportunity to work on this project. . I find great pleasure in expressing my deepest sense of gratitude towards my project guide PROF.SMITA DAYAL, whose guidance & inspiration right from the conceptualization to the finishing stages proved to be very essential & valuable in the completion of the completion of the project and my Co-ordinator Mrs. SMITA DAYAL , for their help and valuable support throughout the term of the project. It was a learning experience to work under his guidance. Lastly, I would also like to thank the faculty member and staff member of K.J. SOMAIYA COLLEGE (arts and comm.) for their kind support and help during the project.

Students Signature

Ms. STEPHANIE .C. DSOUZA

(ROLL NO.23)

TABLE OF CONTENTS Sr. No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. Particulars Introduction Of Insurance History Of Insurance Meaning and Definition Of Insurance IRDA Principles Of Insurance Types Of Insurance Life Insurance In India Types Of Life Insurance In India List Of Life Insurers in India Life Insurance Terms Introduction Of Max Life Insurance Products and Policies Protection Plans Child Plans Retirement Plans Growth Plans Savings Plans Health Plans Group Plans Claims Procedure Tax benefits in Life Insurance Objective Of Study Findings Recommendations Conclusion Bibliography Page no. 1 2 4 5 8 12 14 15 17 19 22 23 23 28 34 39 42 54 59 62 65 68 69 70 71 72