2. Insurance - Classification of Insurance
•Download as PPSX, PDF•
26 likes•43,799 views
Details on 2 insurance categories - Life and Non Life insurance. http://www.koffeefinancial.com/Static/Learn.aspx
Report
Share
Report
Share
Recommended
Reinsurance
It is an topic related to insurance subject. In this presentation it has been explained very well. Please read it.
Underwriting in Insurance
The document discusses the process of insurance underwriting. Underwriting involves evaluating risks to determine whether to issue an insurance policy to an applicant. It aims to select applicants that will likely have claims below assumed losses to ensure a profit. The underwriter considers the applicant's exposure, pricing alternatives like modifying coverage, and monitors policies to maintain satisfactory results for the insurance company. Underwriting balances risks across policyholders and ensures adequate premiums are charged for expected losses.
Insurance - Classification
Insurance is a risk management tool where an insured transfers the risk of potential financial loss to an insurance company in exchange for a premium. There are two main types of insurance - life insurance and general insurance. Life insurance provides coverage for risks related to death and illness, while general insurance covers property losses and damages for risks like motor accidents, fire, and health issues. Insurance in India is regulated by the Insurance Regulatory and Development Authority.
Irda ppt
The document discusses the Insurance Regulatory and Development Authority (IRDA) of India. It was established in 1999 by an act of Parliament to regulate and promote the insurance industry. The IRDA aims to protect policyholders' interests, ensure the growth of ethical insurance practices, and foster an orderly insurance market. It has the power to license insurers and other industry bodies, enforce conduct standards, and adjudicate disputes. The IRDA is headed by a 10-member board including a Chairperson and whole-time members appointed by the central government.
4. Insurance - Non-Life Insurance
Listing the various types of non-life insurance and their meanings. http://www.koffeefinancial.com/Static/Learn.aspx
Principles of insurance
Hi guys! I have uploaded the power point presentation for Principles of Insurance, If any one has queries in regards to this topic, you can comment below,
Thanks!
Sanmeet.
Unit 3 insurance intro sem-1
This document provides an overview of insurance contracts and their importance. It defines insurance as a cooperative device to spread risk among many exposed to the same risks. An insurance contract involves one party agreeing to pay a specified sum if an event occurs, in exchange for the other party paying a premium. The document outlines key elements of insurance contracts including insurable interest, utmost good faith, indemnity, subrogation and warranties. It also discusses the history of insurance and highlights the advantages of insurance for individuals, businesses and society, such as security, protection from risk, and encouragement of savings and investment.
Types of Insurance
This document provides an overview of the many different types of insurance. It lists and describes several major categories of insurance including life insurance, home insurance, property insurance, auto insurance, and health insurance. Within each category, it outlines specific types of insurance such as term life, whole life, and annuities for life insurance or fire, flood, and earthquake insurance for property insurance. The document serves as an exhaustive reference for the various risks that can be insured against.
Recommended
Reinsurance
It is an topic related to insurance subject. In this presentation it has been explained very well. Please read it.
Underwriting in Insurance
The document discusses the process of insurance underwriting. Underwriting involves evaluating risks to determine whether to issue an insurance policy to an applicant. It aims to select applicants that will likely have claims below assumed losses to ensure a profit. The underwriter considers the applicant's exposure, pricing alternatives like modifying coverage, and monitors policies to maintain satisfactory results for the insurance company. Underwriting balances risks across policyholders and ensures adequate premiums are charged for expected losses.
Insurance - Classification
Insurance is a risk management tool where an insured transfers the risk of potential financial loss to an insurance company in exchange for a premium. There are two main types of insurance - life insurance and general insurance. Life insurance provides coverage for risks related to death and illness, while general insurance covers property losses and damages for risks like motor accidents, fire, and health issues. Insurance in India is regulated by the Insurance Regulatory and Development Authority.
Irda ppt
The document discusses the Insurance Regulatory and Development Authority (IRDA) of India. It was established in 1999 by an act of Parliament to regulate and promote the insurance industry. The IRDA aims to protect policyholders' interests, ensure the growth of ethical insurance practices, and foster an orderly insurance market. It has the power to license insurers and other industry bodies, enforce conduct standards, and adjudicate disputes. The IRDA is headed by a 10-member board including a Chairperson and whole-time members appointed by the central government.
4. Insurance - Non-Life Insurance
Listing the various types of non-life insurance and their meanings. http://www.koffeefinancial.com/Static/Learn.aspx
Principles of insurance
Hi guys! I have uploaded the power point presentation for Principles of Insurance, If any one has queries in regards to this topic, you can comment below,
Thanks!
Sanmeet.
Unit 3 insurance intro sem-1
This document provides an overview of insurance contracts and their importance. It defines insurance as a cooperative device to spread risk among many exposed to the same risks. An insurance contract involves one party agreeing to pay a specified sum if an event occurs, in exchange for the other party paying a premium. The document outlines key elements of insurance contracts including insurable interest, utmost good faith, indemnity, subrogation and warranties. It also discusses the history of insurance and highlights the advantages of insurance for individuals, businesses and society, such as security, protection from risk, and encouragement of savings and investment.
Types of Insurance
This document provides an overview of the many different types of insurance. It lists and describes several major categories of insurance including life insurance, home insurance, property insurance, auto insurance, and health insurance. Within each category, it outlines specific types of insurance such as term life, whole life, and annuities for life insurance or fire, flood, and earthquake insurance for property insurance. The document serves as an exhaustive reference for the various risks that can be insured against.
Principles of Insurance
- Insurance is a process where the losses of a few are shared among many who are exposed to the same risks. It provides protection from uncertainties like death, accidents, health issues, property damage, floods and more.
- Some key principles of insurance include insurable interest, utmost good faith, indemnity, subrogation, contribution, proximate cause, and mitigation of loss. These principles aim to fairly distribute risk and losses between insurer and insured.
Life insurance concept, nature & use of life insurance, distinguishing c...
Life insurance is a contract where an insurer agrees to pay a designated beneficiary a sum of money upon the death of the insured. Key features include the payment of regular premiums by the policyholder and a lump sum payment to beneficiaries. The process involves filling out an application, providing proof of age and medical examination, and acceptance by the insurer. Life insurance provides financial protection for dependents and encourages savings. It has an economic nature by providing for a family's needs and a legal nature as defined by law. Characteristics include insurable interest of beneficiaries and utmost good faith of both parties.
Reinsurance in India
Reinsurance involves insurance companies insuring each other's risks. There are two main types of reinsurance - facultative, which applies to individual risks, and treaty, which applies to a company's entire book of business. Reinsurance can be proportional, where the reinsurer takes a share of each policy, or non-proportional, where the reinsurer covers losses over a certain amount. The reinsurance market in India is dominated by GIC, the sole domestic reinsurer, which reinsures a portion of policies with international reinsurers. Some challenges for reinsurers in the Indian market include higher premium rates and a lack of desirable quotes from Indian reinsurers for small deals.
Insurance contract
The document defines an insurance contract as a legal agreement between two parties where an insurer agrees to indemnify or reimburse an insured for financial losses from covered risks. It lists the key parties and requirements for a valid insurance contract, including insurable interest, offer/acceptance, consideration, and utmost good faith. The summary also outlines some common documents involved in the insurance process from proposal to policy and some standard clauses included in insurance contracts.
Principles of insurance
Insurance involves the equitable transfer of risk, where an insurer agrees to compensate an insured for a potential loss in exchange for a premium payment. The key parties are the insurer (the company), the insured (the policyholder), and the premium (the amount charged). Insurance is governed by acts and involves a contract between the insurer and insured regarding a specific insurable risk, with defined terms and conditions. For a risk to be insurable, it must be measurable, accidental in nature, and not catastrophic. Common types of insurance include life, property, liability, and guarantee policies.
History of insurance
The outcome of this session is to understand the History of Insurance – its types-the types of Insurance Companies
Risk management in Life Insurance by Dr. Amitabh Mishra
The document discusses various concepts related to risk and risk management in insurance. It defines risk as the possibility of a loss occurring and explains that risk management involves processes to reduce risks to a minimum level. It also discusses how insurance companies pool risks from many policyholders to spread costs and how life insurance specifically provides a tool for risk management by allowing people to share unexpected losses. The document also covers topics like how insurance underwriters evaluate risks, classify policyholders, and determine appropriate premiums based on risk factors like age, health, occupation, and family history.
InsUraNce, Re-InSurAnce & BanCaSSuraNce
Insurance is a mechanism for mitigating risk whereby individuals and entities protect themselves from financial loss by transferring their risks to an insurance company in exchange for a fee called a premium. It involves spreading risk among many individuals or entities to help offset the cost of unexpected losses or disasters. The key parties involved are the insured or assured who takes out the policy, the insurer or assurer who underwrites the risk, and the subject matter which is being insured such as a person's life or property.
General insurance
Fire insurance protects people from financial losses caused by fires. It involves sharing fire-related losses incurred by some through contributions to a common fund by all who are exposed to fire risk. Fire insurance pays for losses that are unexpected and occur due to chance. It aims to restore the insured's financial position prior to the loss through the principle of indemnity.
Fire Insurance
This document provides an overview of fire insurance. It discusses key concepts such as utmost good faith, indemnity, insurable interest, and subrogation. It describes what can be covered by fire insurance including buildings, machinery, goods, and household contents. It also summarizes different types of fire insurance policies such as specific insurance, floating insurance, and standing insurance.
Insurance Contract
An insurance contract is an agreement between an insurer and a policyholder where the insurer agrees to provide compensation or benefits to the policyholder in exchange for premium payments. The basic elements of a contract include consideration, meeting of the minds, capacity to contract, and offer and acceptance. An insurance contract is considered a unilateral, conditional, aleatory, and contract of adhesion. A policy is the written agreement that details all terms of the insurance contract, including the rights and obligations of both parties. It contains details like policy clauses, general provisions, provisions related to the insured, and other important information.
Claim management
The document discusses an insurance claim dispute case. A policyholder filed a claim for his son's kidney stone treatment, but the insurance company rejected it, arguing the condition was pre-existing. The consumer disputes forum found that while the claim was not payable due to the pre-existing exclusion, the insurance company was deficient for not properly communicating this to the complainant. The forum directed the insurance company to pay Rs. 5,000 to the complainant for deficiency in service.
Insurance And Risk Management
Risk management is the process of identifying, assessing and controlling threats to an organization's capital and earnings. These threats, or risks, could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents and natural disasters
Risks which are not capable of avoidance, prevention, reduction to a large extent or assumption may be transferred from one party to the other party. The basic objective of insurance is to transfer the risk of a person to the insurance company which has easily spread it over a large number of persons insuring similar risks. As such, for handling risks which involve large financial losses or which are dangerous, insurance is a means of shifting such risks in consideration of a nominal cost called premium.
Chap 7 -_insurance_documents
This document discusses various insurance documents and forms used in the insurance process. It describes the purpose and contents of key documents like proposal forms, cover notes, certificates of insurance, policy forms, endorsements, renewal notices, claim forms, and discharge letters. Proposal forms are used to gather risk information and form the basis of the insurance contract. Cover notes provide temporary coverage until the full policy is issued. Policy forms contain the terms and conditions of the insurance agreement. Endorsements are used to modify policy terms, and discharge letters confirm that claims have been fully settled.
Motor insurance
Motor insurance provides protection against physical damage and liability arising from traffic collisions. It is mandatory in India to insure vehicles before driving them. Insurance protects one's life, money, and liability to third parties by covering expenses in case of an accident. Premiums are decided based on factors like age, driving history, vehicle type, location, etc. Policies can be liability-only or comprehensive. Comprehensive policies provide coverage for damages from various causes while liability covers third party liability. Exclusions include contractual liability, war/nuclear risks, driving under influence. A case study describes an insurance company unjustifiably delaying and rejecting a claim for a stolen car.
Insurance intermediaries
An insurance intermediary helps consumers purchase insurance policies. The main types are insurance agents, brokers, corporate agents, and bancassurance. Insurance agents work for insurance companies and sell only their products. Brokers can compare policies from multiple insurers. The primary difference is that agents represent insurers while brokers represent consumers. Agents have actual, apparent, and authority of necessity. Their duties include acting in the principal's interests, obtaining instructions, avoiding conflicts, and protecting the principal. Agents' rights include retaining sums due, receiving remuneration, and lien on the principal's property.
History Of Insurance
Insurance in India began in 1870 with the first policy issued. The first Indian insurance company, Bombay Mutual Assurance Society Ltd., was formed in 1870. Insurance companies were nationalized in 1956 and merged into the Life Insurance Corporation of India. In 1993, the Malhotra Committee recommended privatizing insurance and the Insurance Regulatory & Development Authority was established to regulate the industry. Currently there are 23 private insurance companies operating in India alongside regulations set by acts passed in 1938, 1999, 1956, and 1972.
Fire insurance ppt
Fire insurance provides coverage against losses from fire and other specified risks. There must be an actual loss for a claim to be made, and the fire must be accidental. Fire insurance policies are typically valid for one year and involve a written contract between the insurer and insured. The insured can recover the actual amount of loss up to the sum insured, but is not allowed to profit from insurance. Fire insurance provides a protection element but lacks an investment component.
Introduction to non life insurance short course
This document provides an overview of non-life insurance concepts in the Philippine setting. It defines insurance and outlines the essential elements of an insurance contract, including competent parties, subject matter, consideration, insurable interest, and more. It also discusses the major classes of general insurance like fire, marine, motor, and personal accident insurance. Key non-life insurance forms and concepts are explained such as policies, endorsements, risks, perils, hazards, and parties to an insurance contract. The document focuses specifically on fire insurance in its second part, defining it and outlining policy terms, sums insured, insurable interests, and exclusions.
General insurance
This document summarizes a presentation about general/non-life insurance. It defines insurance and outlines key principles like utmost good faith, insurable interest, indemnity, contribution, subrogation, and loss minimization. It defines general insurance and describes major types like fire, motor, health, and marine insurance. For fire insurance, it explains scope and perils covered. For marine insurance, it outlines scope, who can take policies, selecting sum insured, and claims. It provides an overview of New India Assurance Co., including its history, position in the market, vision, mission, strengths, international presence, and awards.
More Related Content
What's hot
Principles of Insurance
- Insurance is a process where the losses of a few are shared among many who are exposed to the same risks. It provides protection from uncertainties like death, accidents, health issues, property damage, floods and more.
- Some key principles of insurance include insurable interest, utmost good faith, indemnity, subrogation, contribution, proximate cause, and mitigation of loss. These principles aim to fairly distribute risk and losses between insurer and insured.
Life insurance concept, nature & use of life insurance, distinguishing c...
Life insurance is a contract where an insurer agrees to pay a designated beneficiary a sum of money upon the death of the insured. Key features include the payment of regular premiums by the policyholder and a lump sum payment to beneficiaries. The process involves filling out an application, providing proof of age and medical examination, and acceptance by the insurer. Life insurance provides financial protection for dependents and encourages savings. It has an economic nature by providing for a family's needs and a legal nature as defined by law. Characteristics include insurable interest of beneficiaries and utmost good faith of both parties.
Reinsurance in India
Reinsurance involves insurance companies insuring each other's risks. There are two main types of reinsurance - facultative, which applies to individual risks, and treaty, which applies to a company's entire book of business. Reinsurance can be proportional, where the reinsurer takes a share of each policy, or non-proportional, where the reinsurer covers losses over a certain amount. The reinsurance market in India is dominated by GIC, the sole domestic reinsurer, which reinsures a portion of policies with international reinsurers. Some challenges for reinsurers in the Indian market include higher premium rates and a lack of desirable quotes from Indian reinsurers for small deals.
Insurance contract
The document defines an insurance contract as a legal agreement between two parties where an insurer agrees to indemnify or reimburse an insured for financial losses from covered risks. It lists the key parties and requirements for a valid insurance contract, including insurable interest, offer/acceptance, consideration, and utmost good faith. The summary also outlines some common documents involved in the insurance process from proposal to policy and some standard clauses included in insurance contracts.
Principles of insurance
Insurance involves the equitable transfer of risk, where an insurer agrees to compensate an insured for a potential loss in exchange for a premium payment. The key parties are the insurer (the company), the insured (the policyholder), and the premium (the amount charged). Insurance is governed by acts and involves a contract between the insurer and insured regarding a specific insurable risk, with defined terms and conditions. For a risk to be insurable, it must be measurable, accidental in nature, and not catastrophic. Common types of insurance include life, property, liability, and guarantee policies.
History of insurance
The outcome of this session is to understand the History of Insurance – its types-the types of Insurance Companies
Risk management in Life Insurance by Dr. Amitabh Mishra
The document discusses various concepts related to risk and risk management in insurance. It defines risk as the possibility of a loss occurring and explains that risk management involves processes to reduce risks to a minimum level. It also discusses how insurance companies pool risks from many policyholders to spread costs and how life insurance specifically provides a tool for risk management by allowing people to share unexpected losses. The document also covers topics like how insurance underwriters evaluate risks, classify policyholders, and determine appropriate premiums based on risk factors like age, health, occupation, and family history.
InsUraNce, Re-InSurAnce & BanCaSSuraNce
Insurance is a mechanism for mitigating risk whereby individuals and entities protect themselves from financial loss by transferring their risks to an insurance company in exchange for a fee called a premium. It involves spreading risk among many individuals or entities to help offset the cost of unexpected losses or disasters. The key parties involved are the insured or assured who takes out the policy, the insurer or assurer who underwrites the risk, and the subject matter which is being insured such as a person's life or property.
General insurance
Fire insurance protects people from financial losses caused by fires. It involves sharing fire-related losses incurred by some through contributions to a common fund by all who are exposed to fire risk. Fire insurance pays for losses that are unexpected and occur due to chance. It aims to restore the insured's financial position prior to the loss through the principle of indemnity.
Fire Insurance
This document provides an overview of fire insurance. It discusses key concepts such as utmost good faith, indemnity, insurable interest, and subrogation. It describes what can be covered by fire insurance including buildings, machinery, goods, and household contents. It also summarizes different types of fire insurance policies such as specific insurance, floating insurance, and standing insurance.
Insurance Contract
An insurance contract is an agreement between an insurer and a policyholder where the insurer agrees to provide compensation or benefits to the policyholder in exchange for premium payments. The basic elements of a contract include consideration, meeting of the minds, capacity to contract, and offer and acceptance. An insurance contract is considered a unilateral, conditional, aleatory, and contract of adhesion. A policy is the written agreement that details all terms of the insurance contract, including the rights and obligations of both parties. It contains details like policy clauses, general provisions, provisions related to the insured, and other important information.
Claim management
The document discusses an insurance claim dispute case. A policyholder filed a claim for his son's kidney stone treatment, but the insurance company rejected it, arguing the condition was pre-existing. The consumer disputes forum found that while the claim was not payable due to the pre-existing exclusion, the insurance company was deficient for not properly communicating this to the complainant. The forum directed the insurance company to pay Rs. 5,000 to the complainant for deficiency in service.
Insurance And Risk Management
Risk management is the process of identifying, assessing and controlling threats to an organization's capital and earnings. These threats, or risks, could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents and natural disasters
Risks which are not capable of avoidance, prevention, reduction to a large extent or assumption may be transferred from one party to the other party. The basic objective of insurance is to transfer the risk of a person to the insurance company which has easily spread it over a large number of persons insuring similar risks. As such, for handling risks which involve large financial losses or which are dangerous, insurance is a means of shifting such risks in consideration of a nominal cost called premium.
Chap 7 -_insurance_documents
This document discusses various insurance documents and forms used in the insurance process. It describes the purpose and contents of key documents like proposal forms, cover notes, certificates of insurance, policy forms, endorsements, renewal notices, claim forms, and discharge letters. Proposal forms are used to gather risk information and form the basis of the insurance contract. Cover notes provide temporary coverage until the full policy is issued. Policy forms contain the terms and conditions of the insurance agreement. Endorsements are used to modify policy terms, and discharge letters confirm that claims have been fully settled.
Motor insurance
Motor insurance provides protection against physical damage and liability arising from traffic collisions. It is mandatory in India to insure vehicles before driving them. Insurance protects one's life, money, and liability to third parties by covering expenses in case of an accident. Premiums are decided based on factors like age, driving history, vehicle type, location, etc. Policies can be liability-only or comprehensive. Comprehensive policies provide coverage for damages from various causes while liability covers third party liability. Exclusions include contractual liability, war/nuclear risks, driving under influence. A case study describes an insurance company unjustifiably delaying and rejecting a claim for a stolen car.
Insurance intermediaries
An insurance intermediary helps consumers purchase insurance policies. The main types are insurance agents, brokers, corporate agents, and bancassurance. Insurance agents work for insurance companies and sell only their products. Brokers can compare policies from multiple insurers. The primary difference is that agents represent insurers while brokers represent consumers. Agents have actual, apparent, and authority of necessity. Their duties include acting in the principal's interests, obtaining instructions, avoiding conflicts, and protecting the principal. Agents' rights include retaining sums due, receiving remuneration, and lien on the principal's property.
History Of Insurance
Insurance in India began in 1870 with the first policy issued. The first Indian insurance company, Bombay Mutual Assurance Society Ltd., was formed in 1870. Insurance companies were nationalized in 1956 and merged into the Life Insurance Corporation of India. In 1993, the Malhotra Committee recommended privatizing insurance and the Insurance Regulatory & Development Authority was established to regulate the industry. Currently there are 23 private insurance companies operating in India alongside regulations set by acts passed in 1938, 1999, 1956, and 1972.
Fire insurance ppt
Fire insurance provides coverage against losses from fire and other specified risks. There must be an actual loss for a claim to be made, and the fire must be accidental. Fire insurance policies are typically valid for one year and involve a written contract between the insurer and insured. The insured can recover the actual amount of loss up to the sum insured, but is not allowed to profit from insurance. Fire insurance provides a protection element but lacks an investment component.
What's hot (20)
Life insurance concept, nature & use of life insurance, distinguishing c...
Life insurance concept, nature & use of life insurance, distinguishing c...
Risk management in Life Insurance by Dr. Amitabh Mishra
Risk management in Life Insurance by Dr. Amitabh Mishra
Viewers also liked
Introduction to non life insurance short course
This document provides an overview of non-life insurance concepts in the Philippine setting. It defines insurance and outlines the essential elements of an insurance contract, including competent parties, subject matter, consideration, insurable interest, and more. It also discusses the major classes of general insurance like fire, marine, motor, and personal accident insurance. Key non-life insurance forms and concepts are explained such as policies, endorsements, risks, perils, hazards, and parties to an insurance contract. The document focuses specifically on fire insurance in its second part, defining it and outlining policy terms, sums insured, insurable interests, and exclusions.
General insurance
This document summarizes a presentation about general/non-life insurance. It defines insurance and outlines key principles like utmost good faith, insurable interest, indemnity, contribution, subrogation, and loss minimization. It defines general insurance and describes major types like fire, motor, health, and marine insurance. For fire insurance, it explains scope and perils covered. For marine insurance, it outlines scope, who can take policies, selecting sum insured, and claims. It provides an overview of New India Assurance Co., including its history, position in the market, vision, mission, strengths, international presence, and awards.
Classification of Insurance
Homeland Insurance Company LTD provides life and general insurance solutions. Its vision is to be the life insurance company of choice for quality insurance products that ensure financial security. It offers various personal and commercial insurance types from both a business and risk perspective, including life, general, social, property, liability and fidelity insurance. Homeland operates in Bangladesh and provides Takaful deposit pension schemes for individuals between 18-45 years old with monthly, trimonthly or yearly premiums ranging from 200-300 taka and benefits from 200,000-214,000 taka over 10-15 years. The schemes offer advantages like accessibility for low earners and a surrender value.
Insurance final
The document provides an overview of insurance companies and the insurance industry in India. It discusses the history and evolution of insurance, including the nationalization of life and general insurance. It describes the functions of insurance companies in providing protection and risk management. It also outlines the different types of insurance like life insurance, general insurance, and reinsurance. Key entities discussed are LIC, GIC and their subsidiaries, objectives, and the various insurance plans and policies offered.
Ocb group 2
This document discusses organizational citizenship behavior (OCB), which refers to discretionary behaviors that exceed basic job requirements and promote organizational effectiveness. It summarizes key definitions and dimensions of OCB proposed by various researchers. Antecedents that influence OCB like job satisfaction, fairness perceptions, and leadership behaviors are outlined. Benefits of OCB for developing skills, making suggestions, and protecting the organization are highlighted. The document also notes potential pitfalls of OCB and areas for further research.
Organizational citizenship behavior
1) Organizational citizenship behavior (OCB) refers to individual behavior that is discretionary and promotes the effective functioning of an organization, though it is not formally rewarded.
2) OCB has five dimensions: altruism, courtesy, conscientiousness, civic virtue, and sportsmanship.
3) High levels of OCB are related to benefits like improved employee performance, productivity, and satisfaction.
Organizational citizenship behavior (ocb)
Organizational citizenship behavior (OCB) refers to discretionary behaviors by employees that are not required but promote effective functioning, such as going above and beyond formal job duties. Noble's study found a relationship between OCB and education level but not gender or field of study. Kernodle's study found relationships between OCB and leader-member exchange as well as union commitment and employee performance. OCB is relevant for organizations, managers, educators and understanding workplace behaviors.
Chapter 2:Insurance Contract
1-The Basics Parts of an Insurance Contract
Declarations
Definitions
Insuring Agreement
Exclusions
Conditions
Deductibles
Miscellaneous Provisions
Insured
Rider And Endorsement
2-COINSURANCE
A coinsurance formula is used to determine the
amount paid for a covered loss. The coinsurance for-
mula is as follows:
(Amount of insurance carried/Amount of insurance required) * Loss = Amount of recovery
Options Trading Strategies
Want to understand how options work but don\'t have time to go through books? Read this presentation I prepared with couple of my classmates for a case study in Advanced Finance at AIM
Insurance
Insurance is a contract where an insurer agrees to compensate a policyholder in the event of a specified loss or liability in exchange for premium payments. Key principles of insurance include utmost good faith, indemnity, and insurable interest. There are various types of insurance like life, fire, marine, personal accident, health, and property insurance which are governed by the general principles of contract law and aim to socialize risk while protecting policyholders from financial losses.
Formation of insurance contract
1) The proposal form contains questions for the proposed insured to answer regarding their personal details, risk details, medical history, and previous insurance experience.
2) By signing the proposal form, the proposed insured represents that their answers are true and will form the basis of the insurance contract.
3) If it is later found that the proposed insured provided false or fraudulent statements, it would constitute a breach of contract on their part.
ORGANIZATIONAL CITIZENSHIP BEHAVIOR
This document provides an overview of organizational citizenship behavior (OCB). It begins with a brief history of OCB, noting that Dennis Organ is considered the father of OCB. It then defines OCB as individual behaviors that are not formally rewarded but improve organizational effectiveness. The document outlines the benefits of OCB, including increased productivity, efficiency, and job satisfaction. It also describes the main types of OCB, such as altruism, courtesy, sportsmanship, conscientiousness, and civic virtue. Examples of each type are provided. The document concludes by stating that OCB comes in many forms and traditionally improves workplace cooperation and performance.
Organizational Citizenship Behavior
Organizational citizenship behavior is one which goes beyond the basic requirements of Job, to a large extent discretionary & is a benefit to the organization
Options strategies
The document discusses various options trading strategies, including:
1) Buying call options to profit from an expected rise in the market. This strategy has unlimited upside potential but limited downside risk of the premium paid.
2) Buying put options to profit from an expected fall in the market. This also has unlimited upside potential and limited downside risk of the premium.
3) Holding stock and selling covered calls to generate income from the stock holding when a neutral market is expected. This caps upside potential in exchange for the option premium received.
The document explains the mechanics and risk-reward profiles of these and other options strategies through the use of diagrams and payoff tables.
Risk Management and Insurance
This module discusses risk management and insurance. It covers topics such as risks and risk management, different types of risks, methods of handling risks including avoiding, controlling, accepting and transferring risks. It also discusses the basic concepts of insurance including risk pooling, law of large numbers, requirements of insurable risks, advantages and disadvantages of insurance. Additionally, it covers personal risk management process, objectives of risk management pre-loss and post-loss, insurance market dynamics and underwriting cycle. Finally, it discusses some key legal principles of insurance contracts such as offer and acceptance, consideration, insurable interest, subrogation and utmost good faith.
Corporate risk management
Good overview of how risk management can assist organizations in finding money during a tough economy.
Corporate Risk Management
The document discusses corporate risk management. It defines risk as events that can damage a company's income and reputation. Risk is inherent in all businesses and managing it is important. The document outlines the risk management process, which includes determining objectives, identifying risks, evaluating risks, developing policies and strategies, implementing policies, and reviewing effectiveness. It also discusses sources of risk like interest rate risk, exchange risk, and business risk. Risk management techniques can be internal, involving day-to-day operations, or external, involving financial contracts with other entities. Guidelines for effective risk management include using flexible strategies and bringing risk to an optimal level for the company.
Chapter 01 concepts and principles of insurance
The document defines insurance as a social device where individuals transfer risk to an insurer who pools losses to make statistical predictions and provide payments from premium contributions. Legally, it is a contract where an insurer provides security to an insured against specified events in exchange for a premium proportionate to the risk. Key elements are risk transfer from insured to insurer, insurance as a business to meet costs and make profit, and an insurance contract as a legally enforceable agreement. Fundamental principles include utmost good faith, indemnity, subrogation, contribution, and proximate cause. There are various types of insurance and governing laws regulate the insurance sector in India.
Gallup Q12's Employee Engagement Findings
The document discusses Gallup's research on employee engagement based on surveys of over 17 million employees. It finds that only 33% of US employees are engaged at work, while 49% are not engaged and 18% are actively disengaged. The 12 questions that most impact employee engagement and organizational performance are presented along with insights into how managers can improve scores on each question.
Employee Engagement
This document discusses employee engagement and provides information on defining engagement, measuring engagement, and strategies for improving engagement. Some key points:
- Employee engagement refers to an employee's emotional commitment and positive attachment to their organization. Highly engaged employees are enthusiastic about their work and further the interests of the organization.
- Common models for measuring engagement include the Gallup Q12 survey, which measures 12 factors like clear expectations, resources, development opportunities, and praise. Other models look at engagement drivers like career development, leadership, rewards, and work-life balance.
- Managers play a critical role in driving engagement through coaching, communicating goals, team development initiatives, and believing in employees' abilities. Regular communication, feedback
Viewers also liked (20)
Similar to 2. Insurance - Classification of Insurance
lectture 2.pdf
Insurance is a contract where an individual pays a premium in exchange for an insurer providing compensation for financial losses from unexpected events. There are many types of personal and business insurance that cover risks like health issues, property damage, accidents, disability, and death. Key components of insurance policies are the premium, policy limit, and deductible which determine costs and coverage. Common personal insurances include health, home, auto, life, travel, and disability while businesses require policies tailored to their specific risks.
Banking and insurance
Insurance is a legal contract that transfers risk from a policyholder to an insurance provider. There are two main types of insurance: life insurance and general insurance. Life insurance pays a sum of money upon death or illness, and can be term or permanent. General insurance covers non-life risks like property, motor, health, travel, and home insurance. It provides financial protection from events such as accidents, injury, damage, or theft. Insurance allows individuals and businesses to mitigate risks from unforeseen events.
banking and insurance hgjhgjhgjhgjhghjgjhg.pptx
This document discusses types of risks and risk management, as well as definitions and principles of insurance. It covers topics like pure and speculative risks, risk management objectives, methods of handling risks, functional and legal definitions of insurance, principles of insurance, classification of insurance, differences between insurance and assurance, functions and characteristics of insurance, life insurance definitions and features, and types of life insurance policies like term plans, endowment plans, and whole life policies.
LiFe InsUraNcE anD iTs ProDucTs aNd PreMiuM PayMenT
Presentation on the life insurance and its product along with the premium calculation and payment options for the life insurance
1. Insurance - Understanding insurance
- Insurance is a contract that provides compensation for specific losses in exchange for periodic payments known as premiums.
- A group of people exposed to similar risks contribute to a common pool of funds. Those who suffer losses are compensated from this pool.
- Insurance offers benefits like protection against financial losses, investment opportunities, and securing one's future or a beneficiary's future.
Unit 2 insurance
Non-banking financial services include insurance. There are two main types of insurance - life insurance and general insurance. Life insurance provides coverage for death and can include term life, whole life, endowment, and unit-linked plans. General insurance covers property and casualty risks like motor, health, home, and marine insurance. Insurance policies are regulated in India by IRDA and follow principles like utmost good faith, indemnity, and subrogation.
ins101_en
Primerica's SuccessRIGHTNow Licensing System helps users obtain their insurance license through online pre-licensing courses guided by a Licensing Coach. The document provides an overview of insurance basics concepts like pure risk, policyowner, insured, and beneficiary. It also summarizes the underwriting process, common types of life insurance policies including term and whole life, and key policy provisions, options, and riders. Basic annuity concepts are also introduced.
1 life assurance products
This document provides an overview of different types of life assurance and insurance products. It discusses key details such as:
- Life policies are based on the life of an individual (life assured) and pay out benefits upon their death. They can be taken out on one's own life or the life of another.
- Basic types include term assurance (pays out if death occurs within set period), whole life assurance (pays out whenever death occurs), and endowment assurance (pays out on death or end of term, whichever is sooner).
- Additional benefits like accidental death coverage can be added through riders. Children's policies and personal accident insurance are also summarized.
FETP Session 5 - Insurance
This document provides information on various types of insurance such as life, health, motor, and home insurance. It explains the need for insurance to protect against losses from death, disability, illness, accidents, and property damage. The key concepts discussed include how insurance works by pooling together individuals facing similar risks, the payment of premiums in exchange for compensation in case of a claim, and fundamental principles such as insurable interest and indemnity. Common types of life insurance policies like term plans, whole life, endowment, money back, and annuity plans are also summarized.
Life insurance
The document provides information about different types of life insurance policies. It defines life insurance as a contract between a policy owner and insurer where the insurer agrees to pay a sum of money upon the death of the insured. It discusses term life insurance, which provides coverage for a set period of time, and permanent insurance like whole life, which provides lifetime coverage. It also summarizes different types of term policies, endowment policies, whole life policies, and unit linked plans. Finally, it provides an overview of life insurance claims processes.
Life insurance
Life insurance is an agreement between a policy owner and insurer where the insurer agrees to pay a sum of money upon the death or other specified event of the insured individual. There are several types of life insurance policies that provide death benefits and savings options such as term insurance, whole life insurance, endowment policies, money back policies, and unit linked insurance policies. These policies offer advantages like life protection, tax benefits, guaranteed and potential returns, and flexibility.
Life insurance and General Insurance
Life insurance
types of life insurance
terms
and general insurance
types of general insurance
Report on life insurance
Life insurance is a contract between an insurer and a policy owner where the insurer agrees to pay a designated beneficiary a death benefit upon the insured's death. In return, the policy owner pays regular premiums. There are several types of life insurance policies, including term life (temporary coverage for a set period), whole life (permanent coverage for life), and universal life (permanent coverage with a savings component). The type of policy chosen depends on an individual's needs and objectives. Key features of life insurance contracts include beneficiary designation, settlement options, grace periods, and policy loans.
rejda_rmiGE_ppt11.ppt
This document provides an overview of different types of life insurance. It discusses term life insurance, which provides temporary coverage, and whole life insurance, which has a savings component and builds cash value. Specific types of whole life discussed include ordinary life, universal life, variable universal life, and current assumption whole life. The document also covers calculating how much life insurance is needed and factors that influence this amount. Other topics include joint life insurance and group life insurance.
Insurance business
The document provides an overview of insurance concepts including the definition of insurance, features of insurance contracts, need for insurance, objectives of insurance contracts, insurable risks, legal aspects of insurance contracts, types of insurance policies, and reinsurance. It defines insurance as a contract where an individual or organization receives financial protection and reimbursement of damages from an insurer in exchange for payment of a premium. Key features of insurance include risk sharing among a large number of insured persons, payment on a contingency or insurable event, and payment of a premium. [END SUMMARY]
Life Insurance Webinar Slides
Webinar covers insurance basics, life insurance basics, and life insurance for service members and their families
Life insurance: What PFMP Staff and Military Families Need to Know
Given the hazards of military service, especially deployment to a combat zone, life insurance is an important financial risk reduction tool for many military families. Yet, studies have found that life insurance is not well understood by consumers in general. Many people do not purchase an appropriate amount or type of coverage. This webinar will begin with a basic overview of life insurance including its purpose, types of policies, how to calculate a family's life insurance need, and life insurance resources. It will conclude with a discussion of military life insurance programs such as SGLI and VGLI. Join this session 12/10 at 11 a.m. ET. More information: https://learn.extension.org/events/1304
asbd iasbduasdb dbas udabduisInsurance Laws & Regulation.pptx
This document provides an overview of insurance law and regulation in India. It defines insurance as a contract between two parties where one party agrees to pay the other in the event of a specified loss or accident. Insurance law governs insurance policies and claims. Regulation ensures fairness, prevents market collapse, and promotes access. The document outlines the need for insurance, classifications of insurance including life, general, and reinsurance. It discusses key concepts such as double insurance, social insurance, workmen's compensation insurance, and third party insurance. Finally, it lists the major acts governing India's insurance sector, including the role of the Insurance Regulatory and Development Authority (IRDA).
Insurance glossary
An insurance agent serves as an intermediary between an insurance company and insured individuals or businesses. They are responsible for processing paperwork accurately but have no duty to thoroughly examine risks or ensure appropriate coverage. Common insurance terms include agent, broker, beneficiary, claim, coverage, insured, and policy. Insurance provides a social mechanism for minimizing financial risk from uncertainties by spreading risk across a large number of similar exposures.
Insurance by Finosh
This document defines and describes various types of insurance. It begins by defining insurance as a contract between an insurer and insured where the insurer agrees to pay a sum of money upon the occurrence of a specified event in exchange for a premium. It then describes different types of insurance like life, general, fire, marine, health, and auto insurance. For life insurance, it provides details on term life, endowment, permanent, and unit linked plans. It explains key aspects of each type.
Similar to 2. Insurance - Classification of Insurance (20)
LiFe InsUraNcE anD iTs ProDucTs aNd PreMiuM PayMenT
LiFe InsUraNcE anD iTs ProDucTs aNd PreMiuM PayMenT
Life insurance: What PFMP Staff and Military Families Need to Know
Life insurance: What PFMP Staff and Military Families Need to Know
asbd iasbduasdb dbas udabduisInsurance Laws & Regulation.pptx
asbd iasbduasdb dbas udabduisInsurance Laws & Regulation.pptx
Recently uploaded
5 Tips for Creating Standard Financial Reports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
Detailed power point presentation on compound interest and how it is calculated
Detailed information about compund interest
Economic Risk Factor Update: June 2024 [SlideShare]
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
一比一原版(UCSB毕业证)圣芭芭拉分校毕业证如何办理
UCSB毕业证文凭证书【微信95270640】办理圣芭芭拉分校毕业证成绩单（Q微信95270640）毕业证学历认证OFFER专卖国外文凭学历学位证书办理澳洲文凭|澳洲毕业证,澳洲学历认证,澳洲成绩单 澳洲offer,教育部学历认证及使馆认证永久可查 ,国外毕业证|国外学历认证,国外学历文凭证书 UCSB毕业证，UCSB毕业证，UCSB毕业证，UCSB毕业证，UCSB毕业证，UCSB毕业证，UCSB毕业证，专业为留学生办理毕业证、成绩单、使馆留学回国人员证明、教育部学历学位认证、录取通知书、Offer、
【实体公司】办圣芭芭拉分校圣芭芭拉分校毕业证成绩单学历认证学位证文凭认证办留信网认证办留服认证办教育部认证（网上可查实体公司专业可靠）
— — — 留学归国服务中心 — — -
【主营项目】
一.圣芭芭拉分校毕业证成绩单使馆认证教育部认证成绩单等！
二.真实使馆公证(即留学回国人员证明,不成功不收费)
三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
国外毕业证学位证成绩单办理流程：
1客户提供圣芭芭拉分校圣芭芭拉分校毕业证成绩单办理信息：姓名生日专业学位毕业时间等（如信息不确定可以咨询顾问：我们有专业老师帮你查询）；
2开始安排制作毕业证成绩单电子图；
3毕业证成绩单电子版做好以后发送给您确认；
4毕业证成绩单电子版您确认信息无误之后安排制作成品；
5成品做好拍照或者视频给您确认；
6快递给客户（国内顺丰国外DHLUPS等快读邮寄）。
专业服务请勿犹豫联系我！本公司是留学创业和海归创业者们的桥梁。一次办理终生受用一步到位高效服务。详情请在线咨询办理,欢迎有诚意办理的客户咨询!洽谈。
招聘代理：本公司诚聘英国加拿大澳洲新西兰美国法国德国新加坡各地代理人员如果你有业余时间有兴趣就请联系我们咨询顾问：+微信:95270640田里逡巡一番抱起一只硕大的西瓜用石刀劈开抑或用拳头砸开每人抱起一大块就啃啃得满嘴满脸猴屁股般的红艳大家一个劲地指着对方吃吃地笑瓜裂得古怪奇形怪状却丝毫不影响瓜味甜丝丝的满嘴生津遍地都是瓜横七竖八的活像掷满了一地的大石块摘走二三只爷爷是断然发现不了的即便发现爷爷也不恼反而教山娃辨认孰熟孰嫩孰甜孰淡名义上是护瓜往往在瓜棚里坐上一刻饱吃一顿后山娃就领着阿黑漫山遍野地跑阿黑是一条黑色的大猎狗挺机灵的是山室
Who Is the Largest Producer of Soybean in India Now.pdf
This blog explores the current largest producer of soybean in India and the factors contributing to their dominance.
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
学校原件一模一样【微信：741003700 】《(GU毕业证书)美国贡萨加大学毕业证学历证书》【微信：741003700 】学位证，留信认证（真实可查，永久存档）原件一模一样纸张工艺/offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原。
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
【主营项目】
一.毕业证【q微741003700】成绩单、使馆认证、教育部认证、雅思托福成绩单、学生卡等！
二.真实使馆公证(即留学回国人员证明,不成功不收费)
三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微741003700】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
Governor Olli Rehn: Inflation down and recovery supported by interest rate cu...
Governor Olli Rehn
Bank of Finland
Press conference on the outlook for the Finnish economy
Helsinki, 11 June 2024
SWAIAP Fraud Risk Mitigation Prof Oyedokun.pptx
SWAIAP Fraud Risk Mitigation Prof Oyedokun.pptxGodwin Emmanuel Oyedokun MBA MSc PhD FCA FCTI FCNA CFE FFAR
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
1. Elemental Economics - Introduction to mining.pdf
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
Using Online job postings and survey data to understand labour market trends
Using Online job postings and survey data to understand labour market trendsLabour Market Information Council | Conseil de l’information sur le marché du travail
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.The Impact of GST Payments on Loan Approvals
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...Falcon Invoice Discounting
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
原版一模一样【微信：741003700 】【美国迈阿密大学牛津分校毕业证文凭证书】【微信：741003700 】学位证，留信认证（真实可查，永久存档）offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原海外各大学 Bachelor Diploma degree, Master Degree Diploma
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
1：1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
原版一模一样【微信：741003700 】【加拿大麦吉尔大学毕业证硕士学历证书】【微信：741003700 】学位证，留信认证（真实可查，永久存档）offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原海外各大学 Bachelor Diploma degree, Master Degree Diploma
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
Recently uploaded (20)
Detailed power point presentation on compound interest and how it is calculated
Detailed power point presentation on compound interest and how it is calculated
Economic Risk Factor Update: June 2024 [SlideShare]
Economic Risk Factor Update: June 2024 [SlideShare]
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
Who Is the Largest Producer of Soybean in India Now.pdf
Who Is the Largest Producer of Soybean in India Now.pdf
Governor Olli Rehn: Inflation down and recovery supported by interest rate cu...
Governor Olli Rehn: Inflation down and recovery supported by interest rate cu...
1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Using Online job postings and survey data to understand labour market trends
Using Online job postings and survey data to understand labour market trends
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
2. Insurance - Classification of Insurance
- 2. Classification of Insurance • Life Insurance • Non Life Insurance
- 3. Classification of Insurance - Life • Life Insurance – It is a contract between the insured person and the company or "carrier" that is providing the insurance. – It offers a way to replace the loss of income that occurs when the insured person dies, usually the person who is the majority income provider of the family. – If the death of the insured occurs while the contract is in force, the insurance company pays a specified sum of money free of income tax to the person named as beneficiary. – It can also be a form of savings in the long run where there is the option of contributing regularly.
- 4. Benefits of Life Insurance • Provides – Continuity of income – Mortgage protection – Protection against disabilities – Children’s education – Marriage expenditure – Retirement fund – Tax relief – “Peace Of Mind”
- 5. Types of Life Insurance • Temporary (Term) – This provides coverage for a limited period of time for a specified premium. After that period, the insured can either drop the policy or pay annually increasing premiums to continue the coverage. – The death benefit would be paid by the insurance company if the insured died during the term of the policy, while no benefit is paid if the insured dies after the last day of the term of the policy. – These have the lowest possible premium among all insurance plans. There is complete absence of survival benefit and on maturity no death benefit money is provided. • Permanent – Life insurance that remains in force until the policy matures, or unless the policy lapses. Such policy is for the life of the insured. – The payout is assured at the end of the policy.
- 6. Classification of Insurance – Non Life • Also known as General Insurance, is a form of insurance mainly concerned with protecting the policyholder from loss or damage caused by specific risks. • Categorized depending on the need level – Property/ Casualty Insurance – Health and Disability Insurance – Business and Commercial Insurance
- 7. Types of Non-Life Insurance • Agricultural • Home insurance • Aviation • Marine • Car insurance • Motor • Engineering • Shop/office • Fire insurance • Health insurance • Travel insurance • Critical Illness Insurance
- 8. Thanks! • For more information, explore – http://www.koffeefinancial.com/Static/Learn.aspx • Or email us at learn@koffeefinancial.com