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Insurance

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Insurance

  1. 1. G.ARJUN<br />63<br />
  2. 2. Insurance<br /><ul><li> THE WORD INSURANCE MEANS</li></ul> FINANCIAL SERVICE.<br /><ul><li> IT IS POOLING OF RISKS.
  3. 3. IT IS AN ARRANGEMENT IN WHICH YOU PAY </li></ul> MONEY TO A COMPANY, AND THEY PAY MONEY<br /> TO YOU IF SOMETHING UNPLEASANT HAPPENS<br /> TO YOU.<br />
  4. 4. GROWTH OF INSURANCE<br />
  5. 5. 1818:the Oriental Life Insurance Company in Kolkata, the business of Indian life insurance. <br />1912:The Indian Life Assurance Companies Act.<br />1928: The Indian Insurance Companies Act.<br />1938: The earlier legislation consolidated the Insurance Act.<br />1956: LIC was formed by an Act of <br /> Parliament, viz. LIC Act.<br />
  6. 6. 1850: Triton Insurance Company Ltd.<br />1907: The Indian Mercantile Insurance Ltd.<br />1957: General Insurance Council.<br />1968: The Insurance Act.<br />1972: The General Insurance Business (Nationalization).<br />
  7. 7. TYPES OF INSURANCE <br /><ul><li> LIFE INSURANCE
  8. 8. GENERAL INSURANCE</li></li></ul><li>
  9. 9.
  10. 10. IT IS A FORM OF INSURANCE IN WHICH A PERSON MAKES REGULAR PAYMENTS TO THE INSURANCE COMPANY, IN RETURN FOR A SUM OF MONEY TO BE PAID TO THEM AFTER A PERIOD OF TIME, OR TO THEIR FAMILY IF THEY DIE.<br />Life Insurance<br />
  11. 11.   Term Life Insurance   <br />             <br /> Permanent Life Insurance<br />LIFE INSURANCETYPES<br />
  12. 12. Under a Term Life contract, the insurance company pays a specific lump sum to the designated beneficiary in case of the death of the insured. These policies are usually for  5, 10, 15, 20 or 30 years.<br />Term Life Insurance<br />
  13. 13. CERTIFICATE <br />
  14. 14. In a Permanent Life contract, a portion of the money paid as  premiums is invested in a fund that earns interest on a tax-deferred basis.  Thus, over a period of time, this policy will accumulate certain "cash value" which you will be able to get back either during the period of the policy or at the end of the poLICY.<br />Permanent Life Insurance<br />
  15. 15. MARKET SHARE <br />
  16. 16.
  17. 17. GENRAL INSURANCE HAS BEEN EVOLED WITH THE EVOLUTION OF BUSINESS AND LIFESTYLE OF HUMAN BEINGS. IT COVERS EVERYTHING FROM EXPEDITIONS TO THE VOICE OF FAMOUS SINGERS. IT IS ALSO CALLED AS NON-LIFE INSURANCE.<br />GENERAL INSURANCE<br />
  18. 18.   Fire Insurance           <br />  Marine Insurance        <br /> MOTOR Insurance<br /> CROP/AGRICULTURAL Insurance<br /> HEALTH INSURANCE<br />GENERAL INSURANCETYPES<br />
  19. 19.
  20. 20. FIRE INSURANCE<br />
  21. 21. MARINE INSURANCE<br />
  22. 22. MOTOR INSURANCE<br />
  23. 23. HEALTH INSURANCE<br />
  24. 24. AGRICULTURE INSURANCE<br />
  25. 25. TOTAL AMOUNT COLLECTED IN THE YEAR 2009<br />

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