This document provides an overview of insurance. It defines insurance as a form of risk management used to hedge against uncertain losses. It describes how insurance works by pooling premiums from many individuals to pay out claims. Insurers make money through underwriting processes to select risks and premium levels, and by investing premiums. The document traces the evolution of insurance and provides key details on the insurance industry in India such as major players, policies, and market statistics. It concludes by discussing strategic policies and a SWOT analysis of the insurance sector in India.
This presentation is part of our continuing series of training modules for the Financial Services Industry. The Insurance Industry Overview module provides a quick look at products offered by insurance companies and how insurance companies are organized. We provide training in a wide range of topics targeted at the business lines of financial services companies. Contact us for a quote or a needs analysis. Please email me at: Floyd.saunders@yahoo.com.
This presentation is part of our continuing series of training modules for the Financial Services Industry. The Insurance Industry Overview module provides a quick look at products offered by insurance companies and how insurance companies are organized. We provide training in a wide range of topics targeted at the business lines of financial services companies. Contact us for a quote or a needs analysis. Please email me at: Floyd.saunders@yahoo.com.
hi frnd this a pdf version of my own created file containing the history of insurance in world and in India..moreover there is a brief description of LIC is given.i think it wl b veru useful for u.and kindly mail me if u have ne prob ao if u wanna me to do ne correction.....
thanx
hi frnd this a pdf version of my own created file containing the history of insurance in world and in India..moreover there is a brief description of LIC is given.i think it wl b veru useful for u.and kindly mail me if u have ne prob ao if u wanna me to do ne correction.....
thanx
LIST OF 24 LIFE INSURANCE COMPANIES IN INDIA- BRIEF DETAILSVenu Gopaal
So, we discuss life insurance in this session, what company provides what type of life insurance coverage to our life, what is the potentiality of insurance coverages provides by insurance companies. In the next session, we will discuss car insurance and car insurance companies.
Bajaj Allianz life insurance is a collaboration of two companies namely Bajaj auto which is an Indian company with Allianz AG which has headquarter in Germany. Bajaj life insurance offers numerous policies each having different yet overall benefits for the individuals according to their needs.Allianz life insurance apart from taking care of future investment options for the individual and his family provides for traditional insurance policies Bajaj Allianz life insurance policy is a level term cover up policy which provides maximum health and family safety of the assured.
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
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.
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.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Analyzing the instability of equilibrium in thr harrod domar model
Insurance sector in india by lekshmi narayanank
1. INSURANCE
For securing you from risks
By : Lekshmi Narayanan K
2. INTRODUCTION
Definition:
Insurance is a form of risk management primarily used
to hedge against the risk of a contingent, uncertain loss.
Insurance, whether life or non-life, provides people with
a reasonable degree of security and assurance that they will
be protected in an event of a calamity or failure of any sort.
3. HOW IT WORKS ?
Economies of Scale, i.e. the insurer collects premium from a large group of
people individually through a policy and invests them in many forms which
brings high returns. Once an insured person claims, the benefit is provided for
the deceased.
Underwriting and investing
The business model is to collect more in premium and investment income than is paid out in losses
Profit = Earned premium + Investment income - Incurred loss -
Underwriting expenses.
Insurers make money in two ways:
Through underwriting, the process by which insurers select the risks to insure and
decide how much in premiums to charge for accepting those risks.
By investing the premiums they collect from insured parties.
4. EVOLUTION
Insurance in modern form originated in the Mediterranean during the
13th century.
Marine insurance is the oldest form of insurance followed by
life insurance and fire insurance.
The history of life insurance in India dates back to 1818 when it was
conceived as a means to provide for English Widows.
5. INDIAN EVOLUTION
Oriental life Insurance Company was the first insurer and was
incorporated at Calcutta in 1818
Insurance regulation formally began in India through the passing of two
acts
- Life Insurance companies Act of 1912
- Provident Fund Act of 1912
By 1938 there were 176 insurance companies.
Nationalization of insurance business took place in 1956
6. CURRENT SCENARIO
In 1993, Malhotra Committee was formed and several
Insurance Reforms were made.
Redesigned the Structure
Increased Competition
Regulatory body (IRDA)
Investments
Customer Service
7. KEY TERMS
Agent - Individual who sells and services insurance policies.
Annuity - An agreement by an insurer to make periodic payments.
Coverage - The scope of protection provided under an insurance policy.
Claim - A request for payment for a loss under the terms of an
insurance policy
Policy - The written contract effecting insurance, or the certificate.
Premium - The price of insurance protection for a specified risk for a
specified period of time.
9. IMPORTANCE
Protection for dependants
Savings for Old Age
Encourage Savings
Initiates Investments
Credit worthiness
Social Security
Tax Benefits
10. Public Sector :
National Insurance Co Ltd
New India Assurance Co Ltd
Oriental Insurance Co Ltd
United India Insurance Co Ltd
LIST OF INSURANCE COMPANIES IN INDIA
Private Sector
Bajaj Allianz Bharti AXA Cholamandalam Future Generali
General Insurance General Insurance MS India Insurance
ICICI Lombard Universal Sompo Royal Sundaram SBI General
General Insurance Insurance
Shriram General Reliance General Tata AIG General HDFC ERGO
Insurance Insurance
Magma HDI L & T General Liberty Videocon IFFCO Tokio
General Insurance Insurance General Insurance
12. MARKET STATISTICS
Life Insurance Funds accounts to 15% of household Savings &
may grow upto 20% in future.
Insurance Penetration in India is 2.6% of GDP compared to
Korea(6.77%) & Singapore(6.38%).
India is ranked 19th position in Insurance with a growth of 19%
p.a.
Non Life Insurance have lower penetration and rural people
needs awareness.
620 tn rupees investment is anticipated for infrastructure
development in future.
13. STRATEGIC POLICIES
Identification of Markets
Assessment of Risks
Penetration and exploitation of markets
control over investment and operating costs
Finding best prospects
Newer Marketing Strategies
14. SWOT ANALYSIS
Strengths Weakness
•Strong capital and reserve •High administration & management
expenses
•Technically Skilled Manpower
•Vertical organisational structure
•Innovative product for different
demography •Lower Reliability on Pvt. Players
Opportunities Threats
•Inflow of global managerial & financial •Cut-throat competition
expertise
•New Entrants
•Liberalization results to wider choices
•customers switching to other company
•Introduce global innovations and
practises
15. CONCLUSION
Today most of the insurance companies are recruiting agents who
are professionals who can sell their unsought insurance products.
Companies also provide better policies based on customer needs
and demands.
In this Competitive market companies provide better service
Quality, Pricing, Advertisement and Promotional activities.
CRM is used to retain the customers and communicate with
them.
By another 20 yrs 50% of population is expected to have at least
one sort of an insurance.
16. Aviva Life Insurance Company India ING Vysya Life Insurance Company Ltd. Met Life India Insurance Company Ltd.
Limited ING Term Life Plus MET Suraksha - TROP
Life Shield ING Term Life MET Suraksha
Met -MortgageMet-Mortgage Protector
AEGON Religare Life Insurance ICICI Prudential Life Insurance Co. Ltd
Company Limited. Life Guard Return of Premium Reliance Life Insurance Company
Decreasing Term Plan Life Guard Regular Premium Limited.
Increasing Term Plan Home Assure Loan cover term insurance Reliance Simple Term Plan
Level Term Plan Life Guard Single Premium Reliance Special Credit Guardian Plan
Reliance Special Term Plan
Birla Sun Life Insurance Co. Ltd IDBI Fortis Life Insurance Company Ltd. Reliance Credit Guardian Plan
Birla Sun Life Insurance Premium Back Home Assurance
Term Plan Sahara India Life Insurance Co, Ltd.
Birla Sun Life Insurance Term Plan Kotak Mahindra Old Mutual Life Insurance Sahara Kavach
Birla Sub Life Insurance HNWI Term Plan Limited
Kotak Premium Return Plan Shriram Life Insurance Co. Ltd.
Bharti AXA Life Insurance Company Ltd. Kotak Term / Preferred Term Plan Shri Suraksha
Secure Confident
Life Insurance Corporation of India SBI Life Insurance Co. Ltd
Bajaj Allianz Life Insurance Company The Convertible Term Assurance Policy SBI Swadhan
Limited Mortgage Redemption SBI Shield
Protector New Bima Gold
New Risk Care Two Year Temporary Assurance Policy Tata AIG Life Insurance Company
Term Care Anmol Jeevan-I Limited
Amulya Jeevan-I Tata AIG Life LifePlus
Future Generali India Life Insurance Tata AIG Life Raksha 10/15/20/25
Company Limit Max New York Life Insurance Co. Ltd Tata AIG Life Assure
Future Care Five Yr Renewable and Convertible Plan (Non -
Par)
Level Term Plan HDFC Standard Life Insurance Co. Ltd
Loan Cover Term Assurance Plan
Term Assurance Plan
Home Loan Protection Plan