CONCLUSION Summer training is a best example for a trainee to learn about the company working, corporate culture under

which he is operating the functions. IDBI Fortis Life Insurance Co. Ltd. is a life insurance company under which I gained a significant knowledge with respect to life insurance, its importance and applicability as well as undertook the task to recruit Insurance Advisors which is conductive for the company to grow with more prosperity. What I taught in the management institute utilized them fruitfully leading to the best advantage to the company and to the best experience for mine. At far I can conclude that life insurance is a noble service which is very important for every citizen to learn and realize its importance because this is the only source which can remain the status where one is with the family bread earner and ever when he is not. With the growing financial sector I would like to choose this industry for my future career advancement and as an opportunity to service this industry. RECOMMENDATIONS Following are suggestions made for the benefits and augmentation of the sound working of the company IDBI Fortis Life Insurance Co. Ltd.: 1. Need to train and develop life insurance agents with more comprehensive knowledge and skills to counter every queries of the customer. 2. It is suggested that company should not left any stone unturned towards sound advertisement and promotional measures on every section whether it is printed, media or air via radio. Company needs more Advertisement for more growth. 3. It is also suggested that skilled management graduates need to be places on sales and marketing of financial services who can render their best ideas for the accomplishment of the company goals and objectives to the best extent. 4. Also, care need to be taken that every customers grievance should be met with delight whether before purchase or after sales

fulfill every desire of your life? When asked about whether they would like to know about a glorified career in life insurance agency where they can fulfill any and every desire of their life, 68 respondents agreed while 32 respondents said No and will see later sometime in future. It has been depicted that life insurance sector should be promoted at the wide extent as it contribute to the economy as a useful source beneficial for both nation as well as citizens. Q.7. Do you perceive that insurance business is a noble service oriented business? Indeed Life insurance is a noble business as it provides a needful financial support in the situation of fatal calamity where the family is deprived by the fact to live in future and sustains their living. When surveyed about life insurance as a noble service. 81 respondents agreed and believe that insurance is

a bettering service to human life and society as a whole where as 19 respondents show disagreement. Q.8. Would you like to become or opt for insurance advisor under esteemed and prospering organization IDBI Fortis Life Insurance Co. Ltd.? 14 Respondents agreed to join IDBI Fortis Life Insurance Co. Ltd. and come to the company for more information. People are highly dissatisfied from the earning, status and living standard they are sustaining at present and would definitely like to make some additional source of earning and for this agency for life insurance would prove a boon. Q.9. Do you agree that the insurance business is a growing industry and will grow and rapid pace in future? From all 100 respondents, 84 agreed that life insurance sector is a growing concern and will grow at a rapid pace in future where as 16 took as a mere stagnant industry. Financial services are growing at a tremendous pace as people are urging to make their investment in lucrative opportunities and therefore insurance sector is playing a vital role in educating the people to make their investment which could secure their future, needs and living despite some fatal calamity that might or might not occur. Q.10. Do you favor the privatization of insurance by the government where a significant number of companies now in the market for insurance to the customer with the alliance of multinationals? Among 57 respondents from 100 respondents favored the privatization of the insurance and perceive that the people of India will know be more aware and knowledgeable with respect to life insurance than that in the past 50 years with the working of LIC. The myth of LIC since it is a Government concern is still continue to prevail even though people have become more advanced and they can invest their hard earned money after undertaking their pros nod cons and company position in the market. Q.11. What do u feels about IDBI Fortis Life Insurance Co. Ltd.? No doubt, that the organization is having a very strong background as well as a perfect front to fight. After getting the thorough response from various people, I could get various kinds of views from various persons. After the thorough survey I could conclude that a huge part of public is unknown to this kind of venture. Well, they are very much aware of the name of IDBI and Federal as well. But the basic thing is that they are unaware of the Fortis. It is all because of the only that IDBI is late enterant in the market. But again, when a person comes to know about the details regarding its ventures, background and concerned profile, he is managed to have a good impression for it. Again even after feeling a good impression about the company profile, a customer or client is having very doubtful impression regarding its policies, terms and conditions. Because the policies, terms and conditions are the only thing on the basis of which, customer is going to rely upon. Because transparency in the rules and regulations, they are having a good impression regarding this. But when the question comes to surety of success in future then there is a collective and mixed up response of people. Because on one hand they do favor the goodwill of organization due to its strong profile, but in other hand, they oppose its good future due to its late entrance in the market.