Supplemental insurance is extra insurance that covers specific things not covered by your standard major medical policy. It is a separate policy with separate benefits. A Medicare supplement may be a readily familiar example as it is one of the most common types. Medicare doesn’t cover prescription drugs‚ at home care‚ nursing homes‚ or long term care. Thus‚ many seniors buy additional insurance that does cover one or more of those items without competing directly with Medicare‚ thus sidestepping
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Industry Profile * History of Insurance * Types of Insurance * Life Insurance * Non Life Insurance | * Development of Life Insurance in India * Development of Life Insurance in Rural India * IRDA (Insurance Regulatory Development Authority) * Advantage of Life Insurance * Limitation of Life Insurance | The History of Insurance Although insurance may have been used by the Babylonians‚ the Greeks and the Romans‚ insurance in the modern sense originated
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1. A good way to reduce the cost of your car‚ home‚ and health insurance is to: a. Raise the deductibles on your policies b. Reduce your coverage to the minimum c. Keep your auto and home policies with different companies d. Suspend your coverage for a limited time 2. The four documents you must have to protect your family are: a. A will‚ an irrevocable trust‚ an advance directive‚ and a durable power of attorney b. A will‚ a living revocable trust‚ a durable power of attorney‚ and an advance
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SHOULD HAVING TATTOOS AFFECT WHAT KIND OF JOB YOU GET? YES‚ unfortunately some employers do not like visible tattoos they consider it reflex’s bad on there image‚ don’t matter whether your qualified for the job or not. Are you planning on wearing long sleeve shirts forever? Depending on your job‚ getting a tattoo might affect your employment. Consider things like getting a tattoo on your forearm‚ neck or hands. Most tattoo artists won’t tattoo your hands or neck just out of moral obligation
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A Brief History of Insurance From the early days of civilisation men have formed societies whose members promised to help each other in the event of a misfortune. As early as 900 BC‚ the merchants of the Rhodes Island in the Mediterranean agreed to share certain risks among themselves. The modern concept of insurance — where insurers collect small premiums from their policy holders‚ pay claims to those of them who had incurred losses and make a profit for taking the risks after deducting business
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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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Principles of Insurance Principles of Insurance An insurance contract is a type of a legal contract in which a type of risk is transferred to an insurance company in return of a premium by the policyholder. As by their nature‚ insurance contracts may be exposed to misconduct by both parties: the underwriter and the policyholder. Therefore six principles of insurance‚ which are recognised by law‚ were created to reduce this type of abuse. In the following pages I will explain these principles
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Insurance sector in India Index Topic Page numbers 1. Brief history of the Insurance sector in India 1 – 3 2. Life Insurance industry in India 3 – 31 - Market structure - Product mix and margins - Key factors driving growth and profitability - Market share dynamics – LIC v/s Private cos - Analysis of the big 5 private players - Life Re-insurance 3. Non-Life insurance industry in India 32 – 42 - Market structure and products - Market share dynamics - Impact
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THE ROLE OF INSURANCE IN SOCIETY. ( 5 Pages) You will all appreciate that the subject of this talk is so wide so I will make a brief summary of some of the main salient points that personally strike me as important. For those listening who are not so well versed in insurance I hope that this will open your eyes to our industry and for my colleagues who have been practicing our profession for many years please consider it as an “ aide memoire “. As our lives progress
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SAMPLE ANSWER FOR QUESTION 5 Profit-making is one of the most traditional‚ basic and major objectives of a firm. Profit-motive is the driving-force behind all business activities of a company. It is the primary measure of success or failure of a firm in the market. Profit earning capacity indicates the position‚ performance and status of a firm in the market. In spite of several changes and development of several alternative objectives‚ profit maximization has remained as one of the single most important
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