Course: Marketing of Financial Services

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NMIMS Global Access

School for Continuing Education (NGA-SCE)

Course: Marketing of Financial Services

Internal Assignment Applicable for December 2016 Examination

Assignment Marks: 30

Instructions:

·       All Questions carry equal marks.

·       All Questions are compulsory

·       All answers to be explained in not more than 1000 words for question 1 and 2 and for question 3 in not more than 500 words for each subsection. Use relevant examples, illustrations as far as possible.

·       All answers to be written individually. Discussion and group work is not advisable.

·       Students are free to refer to any books/reference material/website/internet for attempting their assignments, but are not allowed to copy the matter as it is from the source of reference.

·       Students should write the assignment in their own words. Copying of assignments from other students is not allowed.

Question. 1. One week ago you bought a ULIP from a private Life Insurance company. On receiving the policy copy, you realize that the Life Insurance policy was mis-sold. Would it be possible for you to return the policy? What strategy would you follow to settle the matter with the insurance company? (Marks 10)

Answer: Unit Linked Insurance Plan (ULIP) policy is always one of the best options for you to consider but there are so many things that can make everything go to waste. And, the mis-sold policy is one of such situation when insurer doesn’t get the satisfaction from policy even after doing everything with the procedure.  

Purchase of Unit Linked Insurance Plan (ULIP) should be done carefully. When you have purchased Unit Linked Insurance Plan (ULIP) but soon realized that you have purchased a mis-sold insurance policy from private Life Insurance organization then you would need to set up the best possible technique that will permit you to settle the matter of

Question. 2. Develop a Public Relations campaign for a Life Insurance company of your choice. (Marks 10)

Answer: Life insurance play very important role in our lives. Life insurance allows us to stay safe in different circumstances. In this manner, the life insurance market is wider than anyone’s expectations. The public relation campaign can offer you to gain endorsements from various third party groups. It will also allow you to make new clients. This will make your business methodology solid since it will make clients feel certain about the reliability of the insurance agency. On the basis of your targeted market, press release distribution or a Public Relations campaign of Life Insurance Company can permit you to increase goal

Question. 3. Gyan Joshi, aged 35 years, is employed with a MNC. His wife Payal, aged 34 years, is also working part - time. The couple has two children - daughter Rima aged 7 years and son Ansh aged 4 years. Gyan and Payal require your help to make few financial decisions. (Give justification and reasoning for the option you would suggest to your client. You can make any assumptions to further build up your case.

a) Children’s higher education: Child plan of an life insurance company or a Mutual Fund SIP along with a Life Insurance term plan (5 Marks)

Answer: When it is the matter of education of youngsters then the costs gets higher and higher. The expenses of educational costs are going increasingly high each year and when you are getting ready for your child's higher education fund for

b) Retirement Planning: Fixed deposits or Mutual Fund SIPs in a diversified equity fund (5 Marks)

Answer:

Retirement process is stressful but still it can be a matter of joy for you when you will really feel like you are relieved at the time of retirement. It can happen when you will take right insurance policy, fixed deposit or mutual fund SIP.

Retirement planning is viewed as best idea since when you are planning for your retirement then you can expect great after retirement

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

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