Comparison of Highest Nav Guaranteed Funds Against the Other Equity Funds (1)

8/6/2019 Comparison of Highest Nav Guaranteed Funds Against the Other Equity Funds (1)

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VARTIKA DASHORA



� SBI Life Insurance is a joint venture between the StateBank of India and BNP Paribas Assurance, SBI owns 74%of the total capital and BNP Paribas Assurance theremaining 26%.

� SBI Life Insurance was registered as a life insurancecompany with IRDA Act as on 29th March 2001 with theauthorized capital of Rs. 500 crores and paid up capital ofRs. 350 crores.

� It is the 3rd largest private life insurance company in thecountry.

� As on 31st March 2007, it has 138 branches all over Indiaand 25,356 agents all over the country.



� On 1st September 1956 all the Insurance Companies werenationalized .In September 1956, Indian Parliament passed LICAct and the state return Life Insurance Corporation of India (LIC)has held the monopoly in countries life insurance sector.

� By the year 1956, 154 Indian insurance, 16 non-Indian insurance

and 75 provident societies were carrying on Life Insurancebusiness in India.� Before the year 1999 there were monopoly of state run Life

Insurance Corporation of India (LIC) in life insurance sector andGeneral Insurance Corporation of India (GIC) with its foursubsidiaries in general sector.

� In the wake of reform process and passing Insurance RegulatoryDevelopment Act (IRMA) through Indian Parliament in1999, Indian Insurance was opened for private companies



� TO COMPARE THE HIGHEST NAV GUARANTEE

FUNDSWITH OTHER EQUITY FUNDS IN THEMARKET AND TO KNOW WHICH IS THE BEST

AVAILABLE PLAN IN THE MARKET IN TERMSOF:

A. RETURN

B. COST



� TYPE OF RESEARCH: ANALYTICAL RESEARCH

� TYPE OF DATA: SECONDARY DATA.

� DATA COLLECTION TOOLS AND

TECHNIQUES:WEBSITES , BROCHURES etc.� LOCALE OF STUDY: UDAIPUR

� SAMPLING UNIT: SBI LIFE INSURANCE



� A GRAPH SHOWING THE CHARGES OF

NAV GUARANTEED FUNDS

CHARGES

0.00%

5.00%

10.00%

15.00%

0.00%

5.00%



0.00%

5.00%

10.00%

15.00%

0.00%

5.00%

30.00%

35.00%

40.00%

RIL BA BSLI SBI LIC ICICI

CHARGES

CHARGES



A. HIGHEST NAV GUARANTEE PLANS:

A.1 RETURNWISE: SBI LIFE plan is the best planavailable.

A.2CHARGESWISE:LIC plan is the best plan available.

B. EQUITYPLANS:

B.1 RETURNWISE: SBI LIFE has given highest returns

from December 2005. It went from 10 to 43.46.B.2 CHARGESWISE: BAJAJ ALLIANZ SHIELD PLUS is

most beneficial as it is having least charges ascompared to the other equity funds.



� Single premium plans are best suited for thecustomers as they have less charges.

� The lock in period in NAV GUARANTEE

FUNDS should be decreased so that peoplecan avail the benefit of NAV GUARANTEE

FUNDS.

� Insurance clause should be included so that they

can get benefit of section 10 10 D (MAT

URITY

TAX FREE).

� Exit Load should be Decreased if the customerwants to withdraw the amount within the term.

Comparison of Highest Nav Guaranteed Funds Against the Other Equity Funds (1)

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