HDFC commenced operations as a mortgage bank; it raised large wholesale resources (domestic and international) and lent primarily to individual households. In mid 1991, HDFC entered the retail deposit market by offering savings and investment opportunities to households. Incorporated in 1977 with a share capital of Rs. 10 crores, HDFC has since emerged as the largest residential mortgage finance institution in the country. The corporation has had a series of share issues raising its capital to Rs. 120 crores. The net worth of the corporation is Rs. 28,000 crores.
The insurance Regulatory and Development bill is now an Act, With this India is now the cynosure of all the global insurance players. Numerous players, both Indian and foreign, have announced their intention to start their insurance shops in India. IRDA, under the chairmanship of Mr. Rangachary, opened the window for applying licenses in India on the 16th of August. Dabur- All state the Prudential – ICICI were the first of the block to apply on the very first day. But before any one starts to talk about the insurance sector in India, it is important to know the figures that entice each hand every body in the sector.
A population of over a billion people, a strong middle class of 200-300 million, only 70 million people in the country insured. These statistics reflect the preference to the Indian market that has led to a paradigm shift in the image and perception of the insurance industry in India. The Insurance Regulatory and Development Authority (IRDA) Bill passed in 1999 has opened up the insurance sector to private and foreign players, waving away initial apprehensions and objections raised.
[...] The important decision points that needs to be made at the time developing the product are As follows: Acceptability of unit linked approach ii) Fund Management iii) Charges and Expenses iv) Administration products offered by other market players vi) System support vii) Training and Education viii) Regulatory constraints Till now, the companies (Indian corporates) in India were not exposed to this type of a scheme where the entire investment risk and hence the reward being borne by the company/Trustees. It is hence extremely difficulty to predict how the Indian corporates would react to this. [...]
[...] These statistics reflect the preference to the Indian market that has led to a paradigm shift in the image and perception of the insurance industry in India. The Insurance Regulatory and Development Authority (IRDA) Bill passed in 1999 has opened up the insurance sector to private and foreign players, waving away initial apprehensions and objections raised. The appropriate products have now outrun initial domestic concerns that new insurers must be strong and will regulated; that insurance premia, which are substantial, should not steep out of the country, and that foreign participation in the sector should be limited and pricing offered by the private entrants. [...]
[...] MARKET FEEDBACK I have noted down the responses of people on the data sheets I had maintained to make calls to people and meet them. These responses involved direct refusal for interest in HDFCSLIC plans of giving an appointment. Most of the people enquired about the plans on the phone itself. After sufficient introduction to the plans, they gave an appointment and asked me to meet them. I have attached the data sheets of responses of people to the report. [...]
[...] Research Idea To know the market scene of trading and Investment in equities through HDFCSLIC. Research Question What is the market trend regarding investment? What difficulties and challenges investors are facing while making investments? Research Statement get an insight into the mind of investors regarding trading and investment in Equities” get an insight into the mindset of investors regarding the importance assigned to different attributes such as risk, return, liquidity etc. of various investment channels such as equities. In the report this tries to understand the investor's behavior while trading.” study the preferences and perceptions of investors regarding various financial products from the stable of HDFCSLIC. [...]
[...] Business Objectives The primary objective of HDFC is to enhance residential housing stock in the country through the provision of housing finance in a systematic and professional manner, and to promote home ownership. Another objective is to increase the flow of resources to the housing sector by integrating the housing finance sector with the overall domestic financial markets . Organizational Goals HDFC's main goals are to develop close relationships with individual households, maintain its position as the premier housing finance institution in the country, transform ideas into viable and creative solutions, provide consistently high returns to shareholders, and to grow through diversification by leveraging off the existing client base. [...]
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