A STUDY ON HDFC BANK PROVIDING LONG TERM FINANCE

PROJECT REPORT ON:

A STUDY ON PREVENTION OF FRAUD IN INSURANCE SECTOR

SUMITTED BY:
JESSICA LAWRENCE D’SOUZA
T.Y.BANKING AND INSURANCE (SEMESTER VI)

SUBMITTED TO:

PROJECT GUIDE:
PROF: S.VENKATESH SIR
Academic Year: 2017-2018

THAKUR COLLEGE OF SCIENCE AND COMMERCE Page 1

 A STUDY ON HDFC BANK PROVIDING LONG TERM FINANCE

DECLARATION

I, ALMAS AFTAB SHAIKH from THAKUR COLLEGE OF

SCIENCE AND COMMERCE, Student of T.Y.B.Com [BANKING
AND INSURANCE (SEM VI)], herby submit my project report on “A
STUDY ON HRM IN INSURANCE SECTOR”.
I also declare that this project which is partial fulfillment of the
requirement for the degree of T.Y.B.Com (BANKING AND
INSURANCE) offered by UNIVERSITY OF MUMBAI is the result of
my own efforts with the help of experts.

ALMAS AFTAB SHAIKH

Date:
Place:

THAKUR COLLEGE OF SCIENCE AND COMMERCE Page 2

 A STUDY ON HDFC BANK PROVIDING LONG TERM FINANCE

CERTIFICATE

This is to certify that the project entitled is successfully done by

JESSICA LAWRENCE D’SOUZA during the Third year,
Sixth Semester of through THAKUR COLLEGE OF
SCIENCE AND COMMERCE, Kandivali (E), Mumbai –
400101.

Coordinator Project Guide Principal

Date:
Place:

Internal Examiner External Examiner

THAKUR COLLEGE OF SCIENCE AND COMMERCE Page 3

 A STUDY ON HDFC BANK PROVIDING LONG TERM FINANCE

ACKNOWLEDGEMENT

It gives me immense pleasure in presenting the project on “ A

STUDY ON PREVENTION OF FRAUD IN INSURANCE
SECTOR”. Firstly , I take the opportunity in thanking our very
dear principal DR. C.T. CHAKRABORTY then I would like to
thank the almighty and my parents without whose continuous
blessing , I would not have been able to complete this project.
I would like to thank my Project Guide PROF:
S.VENKATESH SIR and Co-ordinator Prof. NIRAV.R.GODA
for his great, valuables opinions, advice and supporting me,
giving me encouragement and for providing me with the
material and knowledge to make this project a success. I convey
my deep appreciation to him or sparing in his valuable time and
efforts, so as to make me capable of presenting this project.
I am thankful to our college for all the possible assistance and
support, specially our library by making available the required
books and internet room which have proved useful to me in
successful completing my project.
I hope that I have succeeded in presenting this project to the best
of my abilities.

THAKUR COLLEGE OF SCIENCE AND COMMERCE Page 4

 A STUDY ON HDFC BANK PROVIDING LONG TERM FINANCE

ABSTRACT

Insurance fraud is one of the most serious problems threatening viability of

insurance companies. Insurance frauds are driving up the overall costs of insurers
and premiums for policyholders. It encompasses a wide range of illicit practices
and illegal acts. Insurance companies have witnessed increase in the number of
fraud cases since couple of years. Risk Management has been acquiring
monumental importance in insurance industry. Insurance business is of dynamic
nature that puts an additional onus on risk management. So insurance companies
need comprehensive risk management strategies that involve fraud risk assessment
and fraud prevention. The purpose of this study is to analyze various types of life
insurance frauds, assess the risks associated with these frauds and finally frame an
ideal risk management strategy to curtail or minimize the frauds associated with
life insurance. The existing literature on life insurance fraud is used to explore the
fraud risk management and internal control system of various organizations.

THAKUR COLLEGE OF SCIENCE AND COMMERCE Page 5

 A STUDY ON HDFC BANK PROVIDING LONG TERM FINANCE

INDEX

Chapter Particulars Pg. No.

No.
1. INTRODUCTION 8 - 16

2. REVIEW OF LITERATURE 17 – 19

3. OBJECTIVES OF THE STUDY 20 - 21

4. SCOPE OF THE STUDY 22 - 23

5. PRODUCTS AND SERVICES 24 - 34

6. TYPES OF FINANCE 35 - 42

7. SOURCES OF LONG TERM 43 - 53

FINANCE
7.1 ANALYSIS OF SOURCES OF 46 - 48
FINANCE FOR THE
INVESTMENT FINANCE
7.2 INTERNAL SOURCES 49 - 50

7.3 EXTERNAL SOURCES 50 - 51

7.4 ADVANTAGES OF SOURCES OF 51 - 52

FINANCE

THAKUR COLLEGE OF SCIENCE AND COMMERCE Page 6

 A STUDY ON HDFC BANK PROVIDING LONG TERM FINANCE

7.5 DISADVANTAGES OF SOURCES 52 - 53

OF FINANCE
8. RESEARCH METHODOLOGY 54 - 66

8.1 RESEARCH DESIGN 55 - 56

8.2 QUESTIONNAIRE 57 - 66

9. DATA ANALYSIS 67 - 74

9.1 PORTFOLIO CONSTRUCTION OF 69 - 70

HDFC BANK
9.2 RISK & RETURNS OF HDFC 70 - 71
BANK
9.3 COMPARISON WITH PEER SET 71 - 72

9.4 DIVIDEND PAYOUT TRACK 72 - 73

RECORD OF HDFC
9.5 LUMP SUM AND SIP RETURNS 73 - 74
OF HDFC
10. SUGGESTIONS 75 - 76

11. CONCLUSIONS 77 - 78

12. BIBLIOGRAPHY 79 - 81

THAKUR COLLEGE OF SCIENCE AND COMMERCE Page 7

 A STUDY ON HDFC BANK PROVIDING LONG TERM FINANCE

CHAPTER : 1
INTRODUCTION

THAKUR COLLEGE OF SCIENCE AND COMMERCE Page 8

 A STUDY ON HDFC BANK PROVIDING LONG TERM FINANCE

What Is Insurance?

THAKUR COLLEGE OF SCIENCE AND COMMERCE Page 9

 A STUDY ON HDFC BANK PROVIDING LONG TERM FINANCE

What is insurance fraud?

THAKUR COLLEGE OF SCIENCE AND COMMERCE Page 10

 A STUDY ON HDFC BANK PROVIDING LONG TERM FINANCE

THAKUR COLLEGE OF SCIENCE AND COMMERCE Page 11

 A STUDY ON HDFC BANK PROVIDING LONG TERM FINANCE

THAKUR COLLEGE OF SCIENCE AND COMMERCE Page 12

 A STUDY ON HDFC BANK PROVIDING LONG TERM FINANCE

THAKUR COLLEGE OF SCIENCE AND COMMERCE Page 13

 A STUDY ON HDFC BANK PROVIDING LONG TERM FINANCE

THAKUR COLLEGE OF SCIENCE AND COMMERCE Page 14

 A STUDY ON HDFC BANK PROVIDING LONG TERM FINANCE

THAKUR COLLEGE OF SCIENCE AND COMMERCE Page 15