A Study on Investment Options and Investors Attitude Towards Investment in Private Insurance Companies

Abstract

This internship focuses on researching the investment options available in India and investors attitude towards private insurance companies for Insplore TLS Consultants Private Limited within the time frame of eight weeks. Insplore Consultants is an independent company established in 2018. It is registered at the Registrar of Companies, New Delhi. Providing clients with financial advisory and portfolio management services is a core activity of Insplore Consultants, which provides clients and partners with various solutions in the areas of advisory, investment and financial services. Insplore Consultants also provide recruiting and talent acquisition partners for many companies. Insplore employs interns and offers short and long term internships throughout the year. They assigned them an independent manager to provide them with rigorous training to teach them basic knowledge of the industry. Insplore is also the chain of commerce for India's leading life insurance company. 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, study the attitudes of clients towards private insurance companies. The research is conducted by interviewing 30 people and collecting data on their personal details and preferences. A number of parameters were used for the survey, such as age, income, professional status, years of experience, influencers, savings goals, risk status, portfolio investment of the interviewee, 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 their products accordingly so that it becomes easy on the part of the company to properly cater to the needs, get an edge over their competitors and maintain goodwill in the market.