Chapter 1:History ……………………………………………………………..2 -Insurance Business -India’s Insurance Business Chapter 2: Insurance sector reforms…………………………………………4 Chapter 3: IRDA……………… ……………………………………………….5 -History -Powers‚ Duties & Functions Chapter 4: Non –Life Insurance companies…. ……………………………8 Chapter 5: General Insurance Products …………………………………….9 Chapter 1 History of Insurance Business Insurance probably made a beginning in the ancient land of Babylonia
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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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Geico is an insurance company and offers its service to a selected target audience. Geico was established in the mid 1930’s by the names of Leo and Lillian Goodwin. Their objective was to offer the same benefits of other insurance companies but with lower premiums. Some of the benefits it would offer are liability‚ collision‚ comprehension‚ fire and theft. Many people started to see the benefits of the company and it started to grow its customer base. It is now one of the largest insurance companies
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Insurance may be describedas a social device to reduce or eliminate risk of life and property. Under the plan of insurance‚ a large number of people associate themselves by sharing risk‚ attached to individual. The risk‚ which can be insured against include fire‚ the peril of sea‚ death‚ incident‚ & burglary. Any risk contingent upon these may be insured against at a premium commensurate with the risk involved. Insurance is actually a contract between 2 parties whereby one party called insurer
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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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beautiful but a girl with a strange attitude or behaviour . Her perception about life is totally different from all. She had created a different world beyond every lie‚ fable‚ texture and double life. Everybody seemed to be honest to her as she herself was very honest. Actually it was that she used to see every person according to her perceptions and thoughts. According to her ‚ the world is a very beautiful platform to live our life and empower oneself. The naive girl was unaware of the reality of
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Vehicle insurance Vehicle insurance (also known as auto insurance‚ GAP insurance‚ car insurance‚ or motor insurance) is insurance purchased for cars‚ trucks‚ motorcycles‚ and other road vehicles. Its primary use is to provide financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise therefrom. The specific terms of vehicle insurance vary with legal regulations in each region. To a lesser degree vehicle insurance may
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Islami Life Insurance Co. Ltd. emerged as the 1st full-fledged Islami Life Insurance Company in the country in 2000 and has‚ by the grace of Almighty Allah‚ been able to bring confidence among the common people of the country. As a result‚ in 2010 the Company has earned a total premium of Tk. 651.36 crore showing an increase of 3.2% over the previous year which is no doubt a remarkable achievement. Last year they had taken a holistic approach in doing business‚ with focus on quality customer service
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publishes report on “Life Insurance in Latvia‚ Key Trends and Opportunities to 2017”. Avail 20% discount on this report until 30th April 2014. Synopsis The report provides in-depth market analysis‚ information and insights into the Latvian life insurance segment‚ including: • The Latvian life insurance segment’s growth prospects by life insurance categories • Key trends and drivers for the life insurance segment • The various distribution channels in the Latvian life insurance segment • The detailed
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1. DENTAL INSURANCE As we know that poor care of mouth and teeth can affect a person general health and well-being throughout his life. Generally‚ when this problem comes‚ there is a need to start seeing a dentist regularly…and everyone knows a hole in tooth can put a bigger hole in wallet…that costs money! Because dental disease is so common‚ being protected by dental insurance and using it wisely is essential safeguards for any individual or a family. Dental insurance provides with an effective
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