How Insurance Company works

In the name of Allah, the most beneficent, the most merciful.

UPLOADED BY [email_address] How Insurance Companies Work ? Sami Ullah ID#9706 Maaz ID# 9702 Shah Junaid ID#9722 Naveed Afzal ID#9713 Imran ID# 9714 Qazi Fazli Rabi ID#4110 By

Course out lines from I to B ,[object Object],[object Object],[object Object],[object Object]

Insurance by Definition ,[object Object]

Common Terminologies used in Insurance ,[object Object],[object Object],[object Object],[object Object]

What insurance company Do? ,[object Object],[object Object],[object Object],[object Object]

To whom the benefit will be paid ,[object Object]

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CAREER PATH Note: your performance will be evaluated quarterly. Trainee agent (one week ) Sales associate (field force)

Career incentive plan 20,000+ 15,000+ 11,000+ 7,000+ Salary /month 10% 30% 20,000/- Development Officer 10% 40% 100,000/- Senior development manager 10% 35% 60,000/- Development Manager 10% 32% 35,000/- Senior development officer Quarterly bonus on excess premium Basic Commission Business /month Rank

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Insurance company’s core values

Principles of insurance by Shah Junaid ID:9722

Principles of insurance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

1. Principle of Indemnity ,[object Object],[object Object]

2. Principle of insurable Interest ,[object Object],[object Object],[object Object]

3. Principle of utmost good faith ,[object Object],[object Object]

4. Principle of Contribution ,[object Object],[object Object]

5. Principle of Subrogation ,[object Object],[object Object],[object Object],[object Object]

6. Principle of Proximate cause ,[object Object]

Major Types of Insurance by Naveed Afzal ID:9713

There are major two types of insurance: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Main difference b/w life insurance & general insurance: ,[object Object],[object Object]

(1) Life Insurance ,[object Object],[object Object],[object Object]

(a) Term Life Insurance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

(b) Whole Life Insurance ,[object Object],[object Object],[object Object],[object Object]

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Step (I) Medical Exam ,[object Object],[object Object],[object Object]

Step (II) Rating Class ,[object Object],[object Object],[object Object],[object Object]

Step (III) Filing a Claim ,[object Object],[object Object],[object Object],[object Object],[object Object]

Step (iv) Settlement Options ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

General insurance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

(I) Home insurance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

(II) Automobile insurance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

(III) Marine insurance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

(IV) Travel insurance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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References ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

How Insurance Company works

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How Insurance Company works