UNIVERSITY OF MUMBAI

PROJECT ON
FACILTIES PROVIDED BY BANKS TO
EXPORTERS AND IMPORTERS
Bachelor of Commerce
Banking & Insurance
Semester V
(2017-2018)

Submitted
In partial Fulfillment of the requirement for the
Award of Degree of Bachelor of Commerce Banking & Insurance.

Submitted By,
PRANAV NALIN VIRA
Roll No. - 171065

Under Guidance,
ASST. PROF. SHIFA KHAN

MAHARSHI DAYANAND COLLEGE

OF ARTS, SCIENCE & COMMERCE
PAREL, MUMBAI 400 012.
 MAHARSHI DAYANAND COLLEGE
OF ARTS, SCIENCE & COMMERCE
PAREL, MUMBAI 400 012.

CERTIFICATE

This is to certify that MR. PRANAV NALIN VIRA of B.Com

(Banking & Insurance) Semester V (2017-2018) has successfully
completed the project FACILTIES PROVIDED BY BANKS TO
EXPORTERS AND IMPORTERS under the guidance of
ASST. PROF.SHIFA KHAN.

Course Coordinator Principal

Project Guide/Internal Examiner External Examiner

 DECLARATION

I am MR. PRANAV NALIN VIRA the student of B. com

(Banking & Insurance) Semester V (2017-2018) hereby declares
that I have completed the Project on FACILITIES PROVIDED
BY BANKS TO EXPORTERS AND IMPORTERS. The
information submitted is true and original to the best of my
knowledge.

Signature of student

Name of Student

MR. PRANAV NALIN VIRA

Roll No. 171065

 ACKNOWLEDGEMENT

The college, the faculty, the classmates & the atmosphere, in the
college were all the favorable contributory factors right from the point
when the topic was to be selected till the final copy was prepared. It
was a very enriching experience throughout the contribution from the
following individuals in the form in which it appears today. We feel
privileged to take this opportunity to put on record my gratitude
towards them.
PROF. KUNAL SONI SIR made sure that the resource was made
available in time & also for immediate advice & guidance throughout
making this project. The principal of our college DR. T.P.GHULE
and our Vice-Principal Mrs. SANJEEVANI PHATAK has always
been inspiring & driving force. We are thankful to Mr. SANTOSH
SHINDE associated with administration part of Financial Markets &
Banking & Insurance section has been very helpful in making the
infrastructure available for data entry.
 EXECUTIVE SUMMARY

The insurance sector, notably the mono line insurers and A.I.G,
played a crucial role during the boom of 2004-2007 by guaranteeing a
variety of credit risk using both insurance policies and significantly
substitutable credit derivatives. These guarantees assets declined in
value. The large losses recorded by and diminished solvency or even
failure of insurers contributed significantly to the severity of the
financial crises and the need for government support. In fact
significance capital infusions from the government given these facts it
is a surprising that regulatory reform clients have not focus to any
significant extent on the insurance sector.
We examine possible reasons for the emergency of insurers too
inter connected to fail problem under the current regulatory structure
when an insurer operating in a state default guarantee funds insure
losses to the policies holders by charging premiums to other insurers
state. We propose therefore a federal insurance a regulator and discuss
it appropriates power and relationship to federal banking regulator.
We compare existing treasury department proposal to our
recommendation and identify several areas for improvement.
 INDEX

CHAPTER TOPIC PAGE NO.

NO.

1 INTRODUCTION 1-2

2 HISTORY 3-5

3 PRINCIPLE 6-17

4 WHAT IS INSURANCE 18-19

5 IMPORATANCE OF INSURANCE 20-21

6 EVOLUTION 22-27

7 FUNCATION OF INSURANCE 28-29

8 GOVERNMENT FINANCING 30-34

9 PROCESS OF FINANCING 35-36

10 TYPES OF INSURANCE POLICIES 37-40

11 GOVERNMENT REGULATION 41-42

12 RECOMMENDATION 43-44

13 CONCLUSION 45

14 BIBLIOGRAPHY 46