Introduction INDUSTRY PROFILE A) HISTORY OF INSURANCE Almost 4‚500 years ago‚ in the ancient land of Babylonia‚ traders used to bear risk of the caravan trade by giving loans that had to be later repaid with interest when the goods arrived safely. In 2100 BC‚ the Code of Hammurabi granted legal status to the practice. That‚ perhaps‚ was how insurance made its beginning. Life insurance had its origins in ancient Rome‚ where citizens formed burial clubs that would meet the funeral
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handling financial risk is insurance. Delta Life Insurance Company Limited was incorporated in November 10‚ 1986 and is mainly engaged in Ordinary Life (OL)‚ Group Insurance (GI)‚ Health Insurance (HI) business and non-traditional micro insurance business under the name of Gono-Grameen Bima (GN-GRB). The Company is a publicly traded Company and its shares are listed on the Dhaka Stock Exchange and Chittagong Stock Exchange. However‚ we have prepared this report on Delta Life Insurance Co. Ltd‚ which is one
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Limitation 17 Research Mythology 19 Data Collection 22 Chapter 2: Life Insurance Industry 23 Industry profile 24 important milestones in the life insurance business 29 Insurance sector reforms 31 IRDA 32 Chapter 3: Contribution of Life Insurance Industry 36 Contribution of Life Insurance in the Economy 36 Flow of Insurance Industry in India 37 Structure of life Insurance Industry 40 Life Insurance industry 41 Aggregation of Long Term Savings 42 Spread of financial
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…………………. DECLARATION I hereby declare that his project report entitled “A DETAILED STUDY OF RECRUITMENT AND RETNETION STRATEGIES OF FCs IN LIFE INSURANCE INDUSTRY WITH A SPECIAL FOCUS TO HDFC SLIC” held at ……………‚ is the result of Original work Carried out by me during 40 Days. (……………) in intensive study of the field‚ for the award of the Degree of MASTER’S OF BUSINESS ADMINISTRATION.
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Questions THE CHARTERED INSURANCE INSTITUTE IC-33 Pre-recruitment qualification for life agents Pre-recruitment qualification for life agents These are the key topics that will be assessed during the examination and therefore may not reflect all of the content from the study text‚ which contains additional background and reading material to aid learning. Summary of learning outcomes Number of questions in the examination* 1. Understand how the insurance market operates 3
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ASSIGNMENT ON PRINCIPLE OF INSURANCE ASSIGNMENT TOPIC “JIBAN BIMA CORPORATION” INTRODUCTION: The Jiban Bima Corporation (JBC) is the lone state-owned life Insurance company in Bangladesh‚ which started its maiden journey on 14 May‚ 1973 with assets and liabilities worth TK. 15.70 crore (157 million) of defunt 37 life Insurance companies. Since its inception‚ JBC is working among the people of Bangladesh with two basic objectives: firstly
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A COMPARATIVE STUDY ON LEVEL OF CUSTOMER PERCEPTION TO WARDS HDFC STANDARD LIFE INSURANCE AND BIRLA SUN LIFE INSURANCE [pic] [pic] An Final Report Submitted by: Soumik Dutta III SEM-MBA 7NBNL005 (2008-2010) Submitted To: Mr. SUNDEEP KUMAR FACULTY SUPERVISOR INC- NELLORE CERTIFICATE This is to certify that this Management Thesis Report Submitted in partial fulfillment of the requirement for the award of
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LIFE INSURANCE CORPORATION OF INDIA : COPING WITH UNCERTAINTY INTRODUCTION TO CASE The year 1996 was a significant one for the pension fund business in India. Till then‚ by virtue of Section 30 of LIC Act‚ 1956‚ only the Life Insurance Corporation (LIC) was authorized to transact life insurance business and the pension business was treated as a part of life insurance business according to the provision of the Insurance Act‚ 1938. In 1996 Government of India made a momentous decision to allow the
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Having Life Insurance The value of life. What is it exactly? We will never know the true definition of the value of life because there are so many different perspectives in this world and everyone considers their perspective is right. The policy holder‚ the client that own the insurance policy may choose the type of policy that best suit their personal needs and wants‚ there are a few type of the policies such as the term insurance‚ whole life insurance‚ mortgage disability‚ permanent insurance‚ final
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o Questionnaire Bibliography NEED OF THE STUDY To analyze the concept of insurance better and for making customer awareness analysis towards insurance. First a sample survey should be done on these things to know the awareness level of customers in this regard and by this the satisfactory levels of the existing investors who have already invested in life insurance. There is more competition in this industry so there is a need to retain the customer with the
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