Fin 301 Bankimg Ca 2

LOVELY PROFESSIONAL UNIVERSITY
COURSE CODE: FIN 301 COURSE TITLE: Banking and Insurance

ACADEMIC TASK NO :2 ACADEMIC TASK TITLE: Online Assignment
DATE OF ALLOTMENT:10/04/2023 DATE OF SUBMISSION:17/04/2023
STUDENT’s ROLL NO: RQ2109B43, STUDENT’s REG.NO: 12103552,
RQ2109A01, RQ2109A31, 12102995,12100301,12110264,
RQ2109B64,
TERM: 4 SECTION: Q2109
MAX MARKS: 30 MARKS OBTAINED:
EVALUATION PARAMETERS:
Declaration: We declare that this Assignment is our group work. We have not copied
it from any other student’s work or from any other source except where due
acknowledgement is made explicitly in the text, nor has any part been written
for us by any other person.
Students Name ;
1. Suhaib Rashid (12103552)
2. Alangkrit Mitra (12100301)
3. Lucky Patel (12102995)
4. Nadeem Bashir (12110264)
Life insurance is a type of insurance that provides financial protection to your
loved ones in the event of your death. It works by paying out a lump sum of
money to your designated beneficiaries upon your death, which can help cover
expenses such as funeral costs, outstanding debts, and living expenses.
Life insurance is a type of insurance that provides financial protection to your

loved ones in the event of your death. It works by paying out a lump sum of
money to your designated beneficiaries upon your death, which can help cover
expenses such as funeral costs, outstanding debts, and living expenses.
There are two main types of life insurance: term life insurance and permanent
life insurance. Term life insurance provides coverage for a specific period of
time, such as 10 or 20 years, and typically has lower premiums than permanent
life insurance. Permanent life insurance, on the other hand, provides coverage
for the entirety of your life and can accumulate cash value over time.
When purchasing life insurance, it's important to consider factors such as your
age, health, and financial situation, as well as the needs of your beneficiaries.
It's also important to shop around and compare policies from different providers
to ensure you get the best coverage at the most affordable price.
DETAILS OF POLICY HOLDERS

1.
NAME : ZUBAIR AH WANI PROOF
S/o : GH MOHD WANI
Plan- already Subscribed :
Jeevan Labh - plan no.936 (LIC)
Life insurance
Policy number: 143849199
Policy term : 21 years
Premium paying term: 15 years
Need analysis
Age : 35 years
Sum assured :1000000
No of family members: 5
Salary : 60,000
Monthly Expenditure
( including rent,daily
expenses,health,expenses)
approximately:30000
Monthly savings: 15000 out of which more
than half is saved for the FD and deposited in
BANK
Investment for insurance: Approximately :RS. 4621
Need of insurance – To
2.
NAME : ISHFAQ MAJEED WANI

S/o : AB. MAJEED WANI
Endoment policy - plan no:814-16 (LIC)
Life insurance
Need analysis
Age : 27 years
Sum assured:200000
Salary : 40,000
Monthly Expenditure
approximately:25000
Monthly savings: 10000 out of which
more than half is saved for the FD and
deposited in BANK
PROOF
3.
NAME : AB RASHID NAIKOO

S/o : MOHD SHABAN NAIKOO
Plan- already Subscribed:
JEEVAN LABH plan no:836 (LIC)
Life insurance
Need analysis
Age : 51 years
Sum assured:500000
Salary : 50,000
Monthly Expenditure
approximately:25000
Monthly savings: 15000
out of which more than half is saved for the FD and deposited in BANK
Other expences :6000
PROOF
4.
NAME :SHAKEELA AKHTER

W/o : AB RASHID NAIKOO
Twenty year money back policy plan
no:820 (LIC)
Life insurance
Need analysis
Age : 47 years
Sum assured:100000
Salary : 30,000
Monthly Expenditure
approximately:15000
5.
NAME :MEHROOSH JAN
D/o : AB RASHID NAIKOO
KOMAL JEEVAN POLICY
plan no:159 (LIC)
Life insurance
Need analysis
Age : 1 years
Sum assured:100000
FATHERS Salary : 30,000
Monthly Expenditure
( including ,daily expenses,health,)
approximately:15000
TUTION FEES MONTHLY:3000
6.
NAME :
S/o :
Endoment policy - plan no:814-16 (LIC)
Life insurance
Need analysis
Age : 27 years
Sum assured:200000
Salary : 40,000
Monthly Expenditure
( including rent,daily expenses,health,expenses)
approximately:25000
Monthly savings: 10000 out of which more than half is saved for the FD and
deposited in BANK
PROOF

Fin 301 Bankimg Ca 2

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LOVELY PROFESSIONAL UNIVERSITY

COURSE CODE: FIN 301 COURSE TITLE: Banking and Insurance

Life insurance is a type of insurance that provides financial protection to your

DETAILS OF POLICY HOLDERS

NAME : ISHFAQ MAJEED WANI

NAME : AB RASHID NAIKOO

NAME :SHAKEELA AKHTER

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