What is Fire Insurance. A fire insurance policy involves an insurance company agreeing to pay a certain amount equivalent to the estimated loss caused by fire to the insured, within the time specified in the contract
Definition and basic characteristics of insurance. Requirements of an insurable risk. Types of insurance. Benefits and Costs of insurance to society. Fundamental legal principles of insurance. Functions of insurer. IRDA and recent trends in insurance sector in India.
What is Fire Insurance. A fire insurance policy involves an insurance company agreeing to pay a certain amount equivalent to the estimated loss caused by fire to the insured, within the time specified in the contract
Definition and basic characteristics of insurance. Requirements of an insurable risk. Types of insurance. Benefits and Costs of insurance to society. Fundamental legal principles of insurance. Functions of insurer. IRDA and recent trends in insurance sector in India.
,
marine insurance
,
types of marine insurance policy
,
features of marine ins. contract
,
marine perils
,
general average loss vs particular average loss
,
differences bet. the marine and fire ins
A Unit-Linked Insurance Plan or a ULIP is a hybrid type of plan offered by insurance companies that gives you the benefit of both Insurance as well as Investments. Visit It's All About Money now to learn more!
,
marine insurance
,
types of marine insurance policy
,
features of marine ins. contract
,
marine perils
,
general average loss vs particular average loss
,
differences bet. the marine and fire ins
A Unit-Linked Insurance Plan or a ULIP is a hybrid type of plan offered by insurance companies that gives you the benefit of both Insurance as well as Investments. Visit It's All About Money now to learn more!
This Policy provides comprehensive cover against bodily injury resulting in death or disablement arising due to accidents. Major covers under this policy includes accidental death, permanent total disability, permanent partial disability, temporary total disability, etc
Star health & Allied insurance company profileMadhava Reddy
Hello! Really appreciate you visiting my profile Bengaluru
Star Health & Allied insurance Co LTD: One of India's leading Health Insurance Company, Star Health and Allied Insurance Co Ltd is a joint venture between Oman Insurance Company UAE, Leading NRIs and an Indian company being a special purpose vehicle formed by a group of business tycoons.
It is also India's first stand-alone Health Insurance Company providing services across following categories : Personal Accident, Mediclaim and Overseas Travel Insurance.
Salient Features:
* 90% of all Cashless claim approval done within 1 hour
* Has been awarded "Claims Service Company of the year 2014" under the banner Indian Insurance awards
* Personalized Doctor visit for all customers getting hospitalized
* Largest Network hospitals base of over 6000+ hospitals
* Pan India presence with more than 250+ Branch offices
Specialties
Health Insurance, Group Health Insurance, Overseas Travel Insurance, Accident Insurance
Website
http://www.starhealth.in
Critical illness policy covers 20 critical illnesses, lump sum payment on survival of over 30 days and renewal discount of 5% for every claim free year, No medical checkup required upto 45 years of age. This Policy provides for comprehensive coverage in case the Insured Person is diagnosed with any of the covered critical illnesses.
Workmen Compensation vs ESI, this presentation may help management people to look for WC than ESI for their employees. Since the compensation amount is higher than the ESI benefits given.
When should a retail business that sells products to consumers consider piAmanda Smith
A retail business is a business that sells products to consumers (excluding manufacturers, importers/exporters). In order to determine when a retail business needs to consider Professional Indemnity Insurance, it is important to firstly explain the coverage provided by other policies as these policies do not overlap or provide dual cover. We have summarized an overview of common policy feature - it is important to remember that each policy wording can vary depending on the insurer so remember to compare each policy or seek professional advice.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar Kanvaria
Executive Directors Chat Leveraging AI for Diversity, Equity, and InclusionTechSoup
Let’s explore the intersection of technology and equity in the final session of our DEI series. Discover how AI tools, like ChatGPT, can be used to support and enhance your nonprofit's DEI initiatives. Participants will gain insights into practical AI applications and get tips for leveraging technology to advance their DEI goals.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Normal Labour/ Stages of Labour/ Mechanism of LabourWasim Ak
Normal labor is also termed spontaneous labor, defined as the natural physiological process through which the fetus, placenta, and membranes are expelled from the uterus through the birth canal at term (37 to 42 weeks
Delivering Micro-Credentials in Technical and Vocational Education and TrainingAG2 Design
Explore how micro-credentials are transforming Technical and Vocational Education and Training (TVET) with this comprehensive slide deck. Discover what micro-credentials are, their importance in TVET, the advantages they offer, and the insights from industry experts. Additionally, learn about the top software applications available for creating and managing micro-credentials. This presentation also includes valuable resources and a discussion on the future of these specialised certifications.
For more detailed information on delivering micro-credentials in TVET, visit this https://tvettrainer.com/delivering-micro-credentials-in-tvet/
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Thinking of getting a dog? Be aware that breeds like Pit Bulls, Rottweilers, and German Shepherds can be loyal and dangerous. Proper training and socialization are crucial to preventing aggressive behaviors. Ensure safety by understanding their needs and always supervising interactions. Stay safe, and enjoy your furry friends!
How to Build a Module in Odoo 17 Using the Scaffold MethodCeline George
Odoo provides an option for creating a module by using a single line command. By using this command the user can make a whole structure of a module. It is very easy for a beginner to make a module. There is no need to make each file manually. This slide will show how to create a module using the scaffold method.
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
MATATAG CURRICULUM: ASSESSING THE READINESS OF ELEM. PUBLIC SCHOOL TEACHERS I...NelTorrente
In this research, it concludes that while the readiness of teachers in Caloocan City to implement the MATATAG Curriculum is generally positive, targeted efforts in professional development, resource distribution, support networks, and comprehensive preparation can address the existing gaps and ensure successful curriculum implementation.
5. • Personal accident insurance is one of the popular
classes of accident insurance and as a supplement to
life insurance; it provides an ideal protection against
death or disability
• Due to rapid industrialization, and more and more use
of complex machinery, industrial accidents are more
frequent. To cater to the varying and increasing needs,
different forms of cover are available. Individuals are
granted this cover under an individual personal
accident insurance policy. For a group of individuals,
the insurance companies have devised group personal
accident insurance policies.
6. Definition
• This is a contractual agreement between an
insurance provider and policy holder.
The insurance provider agrees to pay the
policy holder a monthly income should they
be unable to continue working due to an
accident.
In return for this, the policy holder will pay
the insurance provider a monthly premium
9. Feature of personal accident
insurance:
• The maximum liability of the insurer is the capital
sum insured The amount of claim is payable to the
insured person or his illegal representative in case
of death. Appointment of nominee is desirable.
• No weekly compensation shall become payable until
total amount shall have been ascertained and
agreed.
• Personal accident insurance with another insurer
must be within the knowledge and written
permission of the insurer or else policy becomes
void
10. • Age limits between 16 and 25 years. The upper age
limit may be relaxed in certain cases on merit.
• Payment of the insurance benefits is made within 30
days of receiving the necessary documents.
• Insurance policy also implicates money
compensation to the insured's heir in case of death.
• The value of insurance - annual insurance premium
is determined according to insured's age, gender
and profession
11. •
• The terms, conditions and exceptions that appear in
the Policy or in any endorsement are part of the
contract and must be complied with. Failure to
comply may result in the claim being denied.
14. Coverage
• Personal accident policy provides for specific
benefit of insured person suffering injury,
resulting in death or disablement arising
solely and directing from an accident caused
by violent external and visible means.
15. • The types of coverage normally
provided under a personal accident
policy include :
1. Accidental Death
2. Permanent Disablement:
-- Both hands or feet or one hand
and one foot (known as loss of limbs)
– Complete and irrecoverable loss
of sight in both eyes.
16. • Loss of one limb and
complete and recoverable
loss of sight of one eyes-
in this regard 50% of
capital sum insured.
• 3. Temporary total
disablement- in this
respect 33% of capital
sum insured, maximum
taka 5000 per week.
19. Types of personal accident
insurance
• Business travel accident insurance: This type of
insurance covers employees during business travel.
• Household members’ personal accident
insurance: This type of insurance covers all
members of households; spouses, children & other
members of household.
• Personal accident insurance for members of
hunting and fishing organization: This insurance
may include: insurance for members of sports
organizations, professional sports competitors &
participants in sports races and competition.
20. • Personal accident insurance for pilots, cabin crew
members & passengers: Insurance is available for;
professionals & sport pilots, military pilots, passengers.
• Personal accident insurance for members of cultural
associations: Insurance is available for; professional
members of cultural associations.
• Personal accident insurance for children, pupils &
students: This insurance is available for; children, pupils and
students.
• Personal accident insurance for students staying abroad:
This insurance is available for individuals and groups who
travel abroad for work experience through authorized legal
entities.
23. Types of policy
• There are different types of personal accident
insurance policy on the basis of payment of claim,
coverage, premium rate. There are as follows
Simple personal accident policies only pay a cash
sum following an accident where you are injured
Simple income protection policies pay when you are
off work following an accident
Where they merge is when an income protection
policy also includes illness, and a personal accident
policy includes sickness and/ or pays monthly benefits
rather than a cash sum.
24. We regard policies which cover an accident and
sickness/ illness by paying a cash sum as Personal
Accident
We regard policies which cover accident and illness
by paying a monthly benefit as Income Protection.
Insurers themselves often confuse you by
using vague product names like “Protection "
which can include income protection, critical
illness, life, personal accident and other
products. - or a flashy name which gives no
indication of what it covers.
25. • There are three main ways to partially or wholly
protect you against the costs of long term care.
• On some products, you only get money if you qualify
as needing care.
• On some products, you get money anyway, but
there is some help in arranging care if needed.
• On investment and Equity Release products, you
choose whether or not to use the proceeds on care.
28. Condition of policy
• This policy and the Schedules shall be read together
to express a specific meaning of the policy.
• In the event of any accident or disablement by
diseases an insured person notice of it within
fourteen days of the occurance of the accident.
• The insured or his legal representatives demand
written report from a medical attendant.
• The doctor must be qualified and registered and
approved by the company.
• In case of the loss of sight more than fourteen days,
notice must be given.
29. • All sum payable within one calendar month that
must approved by the company.
• No sum payable unless claimed within one offer it
has become due.
• If req. by the company, medical or other agent shall
examine the accident with reasonable time.
• If an insured person shall change his occupation, he
must give immediate notice and if that job is more
hazardous, he may pay extra premium.
• The company shall not be bound to notice relating
policy.
32. Exceptions
We already know that an insured person gets
benefit from the insurer due to death or disablement
arising solely and directly from an accident by
violent external and visible means. But in the
following cases an injured person will not be entitled
to get benefit from the insurer if accident death or
disablement arising from the following reasons
though he is injured.
• War & kindred risk, riot, strike and civil
commotion or international self-injury whether
criminal or not.
33. • Injury sustained whilst the insured person is
under influence of intoxicants or is suffering
from insanity.
• Injury occasioned by or contributed to by
venereal disease or pregnancy.
• Flying for the purpose of any trade or technical
operation or as member of an aircrew or any other
aerial activities.
• Hunting, stable-chasing, racing of any kind (other
than one foot), rugby, football, polo, motorcycling, or
winter sports, underwater pastime or pot-holding
except in so far as the company has by
endorsement agreed to extend all insurance.
34. • Intentional or self-inflicted injury
• Suicide or attempted suicide, while sane or insane
• Committing or attempting to commit a crime or assault,
or while engaged in a criminal enterprise
• Engaging in any speed or performance contest,
whether legal or illegal
• Use of a vehicle while under the influence of drugs or
alcohol
• Traveling in, boarding, or alighting from, any portion of
a vehicle not designed and manufactured specifically
for the transportation of persons.
• Use of the vehicle in violation of the terms of the rental
contract
37. Classification of Occupation
• Profession or occupation is an important factor to guide the
underwriter as regards assessment of risk in each case and
consequently it stands to serve as the basis of rating. A
representative classification is given as under:
Class I. Accountants, Bankers, member of Legal &
Medical Profession, teachers, consulting engineers,
mercantile assistants and those engaged in executive,
administrative, etc duties.
Class II. Architects, engineers, (Superintendents)
only, Planters, Salesmen and master tradesmen who
supervise but do not do manual work.
38. Class III. Engineer (superintending and working)
engineering contractors engaged in manual work not
involving unusual hazards.
Class IV. Any occupation involving unusual
hazards.
It is not possible to give exhaustive list and the
classification given above is only indicative of the
considerations involved.
39. Rate of claim
Description percentage
1.Permament total loss of sight of both 100%
eyes
2.Total or permanent total loss of use of 100%
two limbs
3.Total or permanent total loss of use of 75%
right arm
4.Total or permanent total loss of use of 60%
left arm
5.Total or permanent total loss of use of 65%
right fore arm
6. Total or permanent total loss of use of 55%
left fore arm.
7. Total or permanent total loss of use of 60%
right hand
40. 8.Total or permanent total loss of use 50%
of left hand
9. total or permanent total loss of use of 6%
things
10. total or permanent total loss of leg at 50%
or below the knee
11.total or permanent total loss of use of 40%
foot
12.permament total loss of sight of one 50%
eye
13.Permament total deafness in one ear 15%
14. total or permanent total loss of use of 25%
thumbs on right hand
15.Permament total deafness in twp ear 50%
16.total or permanent total loss of use of 20%
thumbs on left hand
41. 17.total or permanent total loss of 20%
use of index finger on the right
hand
18. total or permanent total loss of use 15%
of index finger on the left hand
19. total or permanent total loss of use 12%
of middle finger on right hand
20. total or permanent total loss of use 10%
of middle finger on left hand
21. total or permanent total loss of use 10%
of third (ring)finger on right hand
22. total or permanent total loss of use 8%
of third (ring)finger on left hand
23. total or permanent loss of use of 8%
little finger on right hand
24. total or permanent total loss of use 6%
of little finger on left hand
42. 25.total or permanent total loss of 5%
use of big toe
26. total or permanent total loss of 3%
use of big toe
27.Permsanent total disablement 55% annually
other than the above
• Source: Karnaphuli Insurance
Company Limited
45. Limitations of Personal
Accident:
• Life insurance covers the risk of death; health insurance covers
the risk of sickness ; where as personal accident insurance
covers the risk associated with accidents. If the life assured is
seriously injured in an accident and disabled either temporarily
or permanently, he/she will not able to work and earn. To
minimize the financial hardship of the life assured and his/her
family members, the personal accident insurance provides the
financial support. So personal accident insurance is very
essential and Life insurance cover without personal accident
cover is inadequate from risk management point of view.
• The personal accident policy provides compensation in event
of insured sustaining injuries solely and directly from an
accident cause by violence, visible and external means,
resulting in to death or disablement be it temporary or
permanent.
46. • These exclusions and limitation depend on insurance
company and some common things are:
• This insurance policy will pay the compensation, if you have
any physical injury due to accident.
• This policy does not pay for car, property, and animals which
are damaged or lost in accident. You are not paid for
inconvenience, lost work, injured pride or etc.
• Other common exclusions: Disability because of the
AIDS/HIV, war, normal pregnancy and childbirth, injury due to
suicide attempt, self injury, criminal acts, failing medical advice,
having a part in any dangerous or hazardous work, activity,
sport or hobby, having military duty, driving by having more
alcohol are not allowed by law.
• These are some common exclusion and limitations, this
information may help you to take the decision in choosing the
insurance policy.
47. What benefits should I
expect?
• A simple personal accident policy pays a set cash sum on death.
• On other benefits, there may be a cash sum, a monthly income or a
mixture of the two. Monthly income is limited to a set number of
months.
• Most also include a cash sum for Total Permanent Disablement. This
is where you are not going to get better.
• Then there are frequently specific items where you get payment for
injuries which result in
• Total loss of speech, hearing or sight
• Total loss of or use of a hand or foot
• Less frequent are specific higher benefits for catastrophes which
result in quadriplegia or paraplegia.
•
48. • Some policies go into great detail about the different benefits for
each type of accident such as fracture or dislocation.
• Also common is Temporary Total Disablement. This is where you are
seriously hurt but will get better.
• Other benefits may include Hospital Cash for every night you are in
hospital.
• It is quite common for benefits to be double, treble or quadrupled for
serious problems such as travel accident, accidental death,
disappearance or exposure.
• Other product features available include
• 24/7 helpline
• Counseling
• Rehabilitation
• Damage to clothing and personal property
• Kidnap and hijack
• Cost of specialist transport to get you to hospital
49. • You can be protected from accidental expenditure by this personal
accident insurance and it will pay some lump sum amount for injury or
death because of accident. Benefits depends on insurance company,
there are some general benefits such as:
• A set of cash sum on death is paid by a simple personal accident
policy.
• It may be cash sum, a monthly income or they may pay a mixture of
two.
• There are some specific payments for specific injuries like total loss of
speech, hearing or sight and total loss of or use of hand or foot.
• Hospital cash can be paid for every day if you are in hospital.
• Other features are like 24/7 help line, counseling, rehabilitation.
50. CONCLUSION:
• Personal accident policy premiums are much
lower in comparison to the term life
insurance or health insurance premiums.
Further in view of the misery and financial
hardship of the surviving insured after the
accident, taking a personal accident cover is
a necessity and should take precedence
over life and health insurance cover.