SAMPLE PROCEDURES

In this study convenient sampling method was adopted.

INTERVEIW SCHEDULE
 The interview schedule has been used to collect the data. Information can be
gathered even when the respondents happen to be literate or illiterate.

TABULATION
 It is the arrangement of classified data in an orderly manner. This involves
creating table for recording the filled in interview schedule. These tables are of
immense help to analysis by using the statistics tools help to analysis by using
the statistical tools.

STATISTICAL TOOLS USED

Simple percentage analysis
 It is simple analysis tool. In this method, based on the opinions of the
respondents, percentage and bar chart is calculated for the respective scales of
each factor.

Formula:
Simple percentage = No of Respondents x 100
Total No of Sample Size

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 LIMITATIONS
 Thus the respondents are not come forward to provide their feedback regarding their
organization than the result is bias.
 In this study the sample size is 70. The result might vary when the sample size values
changes it.
 Researcher fined the difficulty in searching the appropriate advisor and respondent
throughout the city.
 The research was limited to the Bhopal city.

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DATA ANALYSIS AND
INTERPRETATION

3
 Data Collection Techniques/ Tools

METHOD OF DATA COLLECTION

The study was based on questionnaire method. There are two types of data collection:
 Primary data
 Secondary data

Primary data
The primary data are those, which are collected a fresh and for the first time happen to
be original in character. It has been collected through a Questionnaire and personal interview.
Only the primary data is not the sufficient to get information about the complete topic so both
primary and secondary data is collected.

Secondary data
Secondary data are those which have already been collected by someone else and
which have already been passed through the stratified process. It has collected through the
books, journals & Internet.

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 DATA ANALYSIS AND INTERPRETATION

DATA ANALYSIS AND INTERPRETATION

COMPARITIVE ANALYSIS

CONTENTS
1. HDFC PENSION-II VS BIRLA FLEXI SECURELIFE RETIREMENT
2. HDFC PENSION-II VS BAJAJ ALLIANZ UNIT GAIN
3. HDFC PENSION –II VS LIC BIMAPLUS

HDFC PENSION-II VS BIRLA FLEXI SECURE LIFE RETIREMENT VS BAJAJ

ALLIANZ UNIT GAIN VS LIC BIMAPLUS

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 HDFC BIRLA Flexi Secure Allianz Bajaj
Features PENSION Life Retirement Unit gain LIC Bima Plus
Age 18 - 60 years 18 - 60 years 0 – 60 years 12 - 55 years
Term 10 - 30 years Minimum Term of Choice rests with
10 years the consumer
with a minimum
premium
payment term of
3 years
10 years
Sum Assured Only 5, 10, 20 Minimum Sum Minimum Sum Maximum limit
(age-based) Assured is Rs. Assured is 5 up to Rs. 2
multiples are 50,000. Zero Death times the lakhs
allowed as Benefit is also premium paid.
Sum Assured. available.
Survival Value of units Unit Value is used to Value of Fund at
benefit partly in cash purchase an annuity Bid price
partly
converted to Bid Value of
annuity. the fund units
Death benefit Value of units, Value of units in this Higher of Sum Death during
no sum case the Sum Assured or value the first 6
assured is Assured is zero. of units. months - 30%
given. of SA + value
of units, next 6

6
 months - 60%
of SA + value
of units. Death
after 1st year -
SA + value of
units. Death
during the 10th
year - 105% of
SA + value of
units.
Partial or Premature
Withdrawal No Partial No Partial complete withdrawal
benefit withdrawals withdrawals are withdrawal at bid allowed after
are available. available price after 3rd one year (after
year applying bid-
offer spread.

Contribution/ Minimum: Rs. Minimum Rs. 5,000 Minimum: Rs. Minimum Rs.
premium 10,000 p.a. p.a. 10,000 p.a. 10,000 p.a
Flexible Available Not available Only an increase Not available
contribution in contribution is
allowed
Investment 5 Fund Nourish, Growth and Equity Fund, Balanced,
options Options- Enrich Debt Fund, Secured & Risk
Balanced, Balanced Fund,

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 Defensive Cash Fund
Managed,
Safe
Managed,
Liquid &
Growth
Surrender The surrender Surrender is A selling / Partial
Value charge is 25% available from the purchase price surrender up to
of 3 years of 1st year itself. In the spread of 5% will 50% of bid
regular 1st year surrender be applicable value of units
premium. No charges are 75%, in from the 3rd year allowed after 3
charges after 3 the 2nd year the onwards years from date
years charges are 50%, in of
the 3rd year the commencement
charges are 25%..
Top-up Available with Available, with a Available
a minimum minimum top-up of
top-up of Rs Rs. 10,000
5,000 and Available
maximum of (Charges: 1.5%
20% of sum of the top-up)
assured.
Switch 24 Switches 2 free switches every Three free No free
are free. year. Every switches every switches. Cost
additional switch policy year. of switching is

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 will be charged at Subsequent 2% of the fund
0.5% of the switch switches would value.
amount. be charged @1%
of switch amount
or Rs. 100,
whichever is
higher.
Initial Charge Charges Charges Charges
1st yr-27%, 20% of the initial 1st year - 70%;
2nd yr- 27%, premium in the 1st 2nd year - 2%;
3rd yr year and 2% of the 3rd year - 1%; No
onwards- 1% premium from the charges from the
2nd year onwards. 4th year onwards Not Disclosed
Admin Charge Admin Policy admin fee of Annual admin
charges of Rs. 20 per month charges of 1.25%
Rs.180 fixed p.a. of net assets
charge
Per annum. Not applicable
Fund Least in the A fund based fee of Annual 1% of the fund
Management industry 0.8% 2.25 % p.a. of the investment per annum
Charges of the fund per policy fund. charge of 1% p.a.
annum of fund.
Bonus units Available Not Available Not Available Available

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TABLE: 4.1 OCCUPATIONS OF THE RESPONDENTS:

Occupation Respondents

Private Job 32

Govt. Job 20

Business 26

Retired 22

Chart:4.1

35

30

25
Private Job
20 Govt. Job
Business
15
Retired
10

Interpretation:

32% of the respondents were in Private Job, 20% of the respondents were in Govt. Jobs, 26%
of the respondents were doing Business and 22% of the respondents were Retired persons.
Thus the research work includes people from varying fields.

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TABLE: 4.2 INVESTMENT OF MONEY FOR GROWTH

Options Percentage of Respondents

Yes 88

No 12

Interpretation:

88% of the respondents say yes they invest their money to grow. This shows that the main aim
of most of the investors is to grow their idle funds so that they can overcome the problems of
inflation, etc.

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TABLE: 4.3 THE VARIOUS INVESTMENT OPTIONS OPTED FOR:

Options Percentage of respondents

Mutual funds 20

Share Market 30

Commodity market 6

Fixed deposits 22

Bonds 16

Property 4

Others 2

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Chart 4.3 Investment options

30

25
Mutual funds

20 Share Market
Commodity market
15 Fixed deposits
Bonds
10 Property
Others
5

Interpretation:

Most of the respondents invest their money in Fixed Deposits, Mutual Funds and Share
Market Market only 6% of the respondents invest their money in Commodity Market. This
shows investors preference for higher returns providing assets.

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TABLE 4.4 OPTIONS WHICH GET THE BEST RETURNS

Options Percentage of respondents

Mutual funds 20

Share Market 22

Commodity market 16

Fixed deposits 18

Bonds 8

Property 14

Others 2

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 Chart: 4.4 Option with best return

25

20 Mutual funds
Share Market
15 Commodity market
Fixed deposits
10 Bonds
Property
5 Others

Interpretation:

Most of the respondents say they will get more returns in Share Market. Statistics also shows
that Share Market is the highest fluctuating investment option but at the same time carries
maximum returns as compared to other investment options.

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TABLE:4.5 BASIC OBJECTIVE AT THE TIME OF INVESTMENT

Options % of respondents

Regular returns 52

Income tax benefit 26

Capital appropriation 22

Chart:4.5

Interpretation:

52% of the respondents say basic objectives at the time of investment is Regular returns, 26%
of the respondents say basic objectives at the time of investment. Thus the main objective of
investment by these individual is regular returns

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TABLE: 4.6 PREFERENCES WHILE INVESTING.

Options % of respondents

Security 22

Returns 62

Others, please specify 16

Chart 4.6

Interpretation:

22% of the respondents say they get more benefits, 62% of the respondents say they would
like more security. Thus the investors have more likeliness for security than benefits.

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TABLE: 4.8 THE MOST IMPORTANT PARAMETER WHILE
INVESTING

Options % of respondents

Returns 26

Risk 28

Credit rating 10

Inflation 8

Company 18

Lock in period 10

Chart:4.8

Interpretation:

28% of the respondents see that the investment is risk free, 26% of the respondents look for
returns before investing, and 18% go for the company’s position before investing. Thus we see
a balanced examination of almost regular factors of the investment made.

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