Role of Private Companies in Insurance
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Private companies play a major role in India's insurance industry. The major players in life insurance are LIC, ICICI Prudential Life Insurance, Bajaj Allianz Life Insurance, and Birla Sun Life Insurance. The major players in general insurance are GIC, TATA AIG General Insurance, and Bajaj Allianz General Insurance. The market share of LIC has declined since private companies entered the market. ICICI Prudential Life Insurance is a joint venture between ICICI and Prudential plc that offers various savings, protection, retirement, and group insurance plans.
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1) There are 24 life insurance companies in India, with LIC being the sole public sector company. There are also 33 non-life insurers, including 6 public sector companies.
2) Some of the major private life insurers include HDFC Life Insurance, Max Life Insurance, ICICI Prudential Life Insurance, Kotak Mahindra Life Insurance, and Aditya Birla Sun Life Insurance.
3) The insurance industry is regulated by IRDAI, which oversees functions of life and non-life insurance companies and issues guidelines to promote orderly growth of the insurance sector.
109107102 camparative-study-of-lic-of-india
The document discusses the history and profile of Life Insurance Corporation of India (LIC). It outlines key milestones such as the establishment of the first life insurance company in India in 1818 and the nationalization of life insurance and formation of LIC in 1956. LIC began as a government corporation with 5 zones, 33 divisions and 212 branches and has since expanded significantly to over 2000 branches across India. It remains the largest life insurer in India.
Dynamics of-agency-recruitment-insurnace-sector1
The document is an industrial training project report submitted by a student for their MBA program. It includes sections on the declaration, preface, acknowledgements, and an index of topics to be covered in the report such as the company and sector profiles, tasks undertaken during training, analysis, SWOT analysis, and conclusions. The report was prepared during a training internship at Bharti AXA Life Insurance to fulfill the practical training requirements of the MBA program.
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Introduction and significance of personal finance
Personal finance refers to the financial decisions individuals make to budget, save, and spend money over time while accounting for risks and future events. It involves considering banking, investments, insurance, retirement plans, and tax management. The significance of personal finance includes income, cash flow, capital, investments, standard of living, financial understanding, assets, savings, and ongoing advice.
Organizational Characteristics
Organizational characteristics that facilitate innovation include accepting risks, cross-functional cooperation within the organizational structure, and being receptive to external technology. Other characteristics are providing space for creativity, having a strategy for innovation, coordinating diverse skills, being growth-oriented rather than profit-focused, valuing past innovation experience, maintaining vigilance through external links, and committing to technology and research and development.
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This document defines and explains customs duties in India. It states that customs duty is a tax imposed on imports and exports to raise government revenue and protect domestic industries. There are different types of customs duties including basic customs duty, additional duty, education and secondary education cess, and special additional duty. The document provides examples of how each duty is calculated and applied to the assessable value of imported goods.
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IP spoofing is when an attacker forges the source IP address in IP packets sent to a computer network to conceal their identity or impersonate another system. It is done by determining the IP address of a trusted system and modifying packet headers to appear to come from that system. Services vulnerable to IP spoofing include RPC, services using IP address authentication, the X Window System, and R services. Types of IP spoofing include blind spoofing, non-blind spoofing, denial of service attacks, and man-in-the-middle attacks. Countermeasures include packet filtering, filtering at routers, and disabling vulnerable commands.
Principles to Develop Good Internal Check System
The document outlines principles for developing a good internal check system and internal check systems for purchases and sales. Some key principles include: implementing job rotation to avoid fraud, reporting exceptional items to management, conducting regular stock and asset verifications after hours by external parties, not giving one person 100% power over a function, having uniform disciplinary actions, conducting actual evaluations compared to standards, having daily reporting and timely supervision, having clear job profiles, doing book reconciliation on a daily basis, and having an internal auditor external to the organization. The internal check system for purchases involves requisition, purchase order, receipt of goods, and invoice. For sales, principles are having separate clerks for cash, immediate recording in the cash book, only allowing responsible officers
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Product & Process Layouts
Product layouts are used for repetitive assembly of standardized products. The workstations are arranged in a straight line so items can pass smoothly from one station to the next. This allows for mass production with low cycle times but lacks flexibility.
Process layouts group similar processes together, like all sewing stations in one area. This requires more space but allows for production of various items and easier changes to processes. Cycle times are longer but it allows for process specialization and more efficient use of equipment.
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永久可查学历认证【微信：A575476】【(QMUE毕业证书)英国爱丁堡玛格丽特女王大学毕业证成绩单Offer】【微信：A575476】（留信学历认证永久存档查询）采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，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）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，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信：A575476】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信：A575476】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
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
→ 【关于价格问题（保证一手价格）
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
选择实体注册公司办理，更放心，更安全！我们的承诺：可来公司面谈，可签订合同，会陪同客户一起到教育部认证窗口递交认证材料，客户在教育部官方认证查询网站查询到认证通过结果后付款，不成功不收费！
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Role of Private Companies in Insurance
- 1. Compiled by:- Dhrumil Shah SY BBA Div 1 Roll No: 38 Role of Private Companies in Insurance
- 2. Major players in Insurance Life Insurance: • Life Insurance Corporation of India • ICICI Prudential Life Insurance Company Ltd. • Bajaj Allianz Life Insurance Company Ltd. • Birla Sun Life Insurance Company Ltd. General Insurance: • General Insurance Corporation of India • TATA AIG General Insurance Company Ltd. • Bajaj Allianz General Insurance Company Ltd.
- 3. Market Share The following table shows the decline in LIC share after the private companies joined the market.
- 4. Market Share
- 5. Case Study: ICICI Prudential Life Insurance Co. Ltd. Joint venture between ICICI and Prudential plc in 2000 Registered office- Mumbai Chairperson- Ms. Chanda Kochhar Products: o Savings & Wealth Creation Plans- 7 o Protection Plans- 2 o Retirement plans- 3 o Group Plans- 3
- 6. Market Share The following shows the amount of premium(in lakhs) collected by different players in the Insurance industry.
- 7. Bibliography International Journal of Engineering Research & Technology(IJERT) International Association of Satellite Innovation and Research(IASIR)