Insplore TLS Consultants Pvt. Ltd.

Abstract

The internship was about the research on investment options available in India and the attitude of customers towards private insurance companies for Insplore TLS Consultants Private Limited in an eight-week period. Insplore Consultants is an individual company founded in 2018. It is registered at the Registrar of Companies, New Delhi. Providing Financial Advisory and Portfolio management for the clients is a core activity of Insplore Consultants that provides customers and partners with a variety of solutions in the areas of consulting, Investment and financial services. Insplore Consultants also provides recruitment and talent acquisition partner for many companies. Insplore employs interns and provides short- and long-term internships throughout the year. They assign them a separate manager to provide rigorous training to teach them basic industry knowledge. Insplore is also a corporate channel for India first life Insurance. It sells life insurance products for India First Life Insurance. The internship consisted of three parts. First, Sale of the product “Maha Jeevan Plan” by India First Life Insurance. Second, Learn and have a deep knowledge of different Investment Options available in India. Third, Research on customers' attitude towards private insurance companies. Research was done using survey on 30 individuals and collecting data about their profile and preferences. Several Parameters were taken for survey such as age, income, Employment status, Years of experience, influencers, savings objective, risk profile, portfolio of respondents, etc. The project had several tasks which were to be reported daily to the Manager, such as lead generation and pitching of the Insurance product, collecting data of the individuals and updating the DSR sheet. Finally, the collected data was analysed using tables and charts. A conclusion was then derived which can help the insurance companies to understand their existing/potential customers and further plan products accordingly.