INDEX * EXCECUTIVE SUMMARY OF INSURANCE SECTOR * INTRODUCTION * HISTORY OF INSURANCE SECTOR * TYPES OF INSURANCE * PRINCIPLES OF INSURANCE SECTOR * STRATEGIC MANAGER * ROLE OF INSURANCE SECTOR * CONCLUSION * BIBLOGRAPHY. EXECUTIVE SUMMARY ON INSURANCE SECTOR : Insurance sector in India is one of the booming sectors of the economy and is growing at the rate of 15-20 per cent annum. Together with banking services‚ it contributes to about 7
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HistoryAetna‚ Inc. is an American health insurance company‚ which is the direct descendant of Aetna (Fire) Insurance Company‚ of Hartford‚ Connecticut. In 1850 Aetna began operation of an Annuity Fund and the company would soon to be known as Aetna Life Insurance Company. In 1899 Aetna became one of the first publicly held insurance companies to enter the health insurance field. Since then Aetna has become committed to providing access to cost-effective health care of the highest possible standard
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In the court case Mitchell v. Fortis Insurance Company‚ there is a dispute of the ruling. The question at hand is that after the break of contract of the insurance company’s service‚ are the punitive damage charges worthy? The court ruled in favor of Mitchell in a break of contract with Fortis Insurance Company. When Mitchell was turning 18 years old‚ he had to be insured as an independent. He later found out that he was HIV positive when he tried to donate blood. Fortis argued that Mitchell
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INSURANCE LAW PROJECT | HEALTH INSURANCE AND REGULATORY ISSUES UNDER IRDA ACT 1999 | Rudresh Pratap Singh Roll No. 49 Semester V RMLNLU | Contents INTRODUCTION 4 The Insurance Regulatory and Development Authority 5 Regulatory issues in the health insurance business 5 It should be the duty of the regulator (IRDA) to ensure that the new entrant in the health insurance sector: 5 II. Regulations Pertaining To Consumer
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CHAPTER - 1 INSURANCE 1.1 Introduction In law and economics‚ insurance is a form of risk management primarily used to hedge against the risk of a contingent‚ uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss‚ from one entity to another‚ in exchange for payment. An insurer is a company selling the insurance; an insured‚ or policyholder‚ is the person or entity buying the insurance policy. The insurance rate is a factor used to determine the amount to be charged
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Claims Management in General Insurance - Issues & Concerns - R.Qaiser‚ Faculty Member‚ NIA‚ Pune Underwriting and claims settlement are the two most important aspect of the functioning of an insurance company. Out of any insurance contract‚ the customer has the following expectations: i. ii. iii. Adequate insurance coverage‚ which does not leave him high and dry in time of need‚ with right pricing. Timely delivery of defect free policy documents with relevant endorsements / warranties
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Aetna‚ Inc. Health Insurance: A Company Summary Gina M. Hagerty Saint Leo University Abstract Aetna‚ Inc. is an American health care company that provides both traditional and consumer insurance services that include medical‚ pharmaceutical‚ dental‚ vision‚ behavioral health‚ group life‚ disability‚ and long term care. The company provides health care through employer-paid insurance and/or benefit programs‚ as well as through Medicare. Mark Bertolini is its latest chairman;
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Introduction: According to figures from the US Coalition Against Insurance Fraud‚ the cost of claims fraud in the US alone in 1995 amounted to US$ 85.3 billion‚ which equates to a cost of US$ 326.47 for each American citizen. Research by the Rand Institute for Civil Justice in the US revealed that over one third of people injured in vehicle accidents exaggerated their symptoms‚ which adds US$ 13-16 billion to the annual US insurance bill. Figures from the pan-European trade association‚ the Comité
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Souvik Guha Location : Mumbai ISB&M‚Kolkata(PGPBM 2011-13) April 23rd 2012 to September 23rd 2012 Topic: Research on Sales & Position of Insurance Products in India Institute Guide: This is to certify that the Project Work titled “Research on sales & position of Insurance Products in India” is a bonafide work of Souvik Guha (Roll No: P/MN/R/11/001) carried out in partial fulfillment for the award of PGPBM Trimester 4 of ISB&M‚
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Indian Insurance Industry INTRODUCTION- In one form or another‚ we all own insurance. Whether its auto‚ medical‚ liability‚ disability or life‚ insurance serves as an excellent risk-management and wealth-preservation tool. Having the right kind of insurance is a critical component of any good financial plan. While most of us own insurance‚ many of us don’t understand what it is or how it works. In this tutorial‚ we’ll review the basics of insurance and how it works‚ then take you through the main
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