INSURANCE COMPANIES WITH SPECIAL REFERENCE TO MAJOR LIFE INSURANCE COMPANIES SYNOPSIS SUBMITTED FOR REGISTRATIO N OF Ph.D RESEARCH WORK R.T.M. NAGPUR UNIVERSITY 2011 OBJECTIVES: To examine the challenges faced by insurance companies
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1. Beginning of elderly care insurance in Japan Nowadays‚ many developed countries are all faced with a problem: aging of population‚ among which‚ Japanese is the country with the most serious aging in the world. The ones who were born during the baby boom in World War II will be 65 years old soon‚ so that the population of the elderly in Japan will increase rapidly. Meanwhile‚ the birth rate in Japan has continued to drop since from 1980s. The decreasing of birth rate and the increasing of elderly
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People who do not have any health insurance are setting themselves up for financial ruin. Uninsured people do not have access to preventative and primary care or may have difficulty receiving follow-up care. An onset of a sudden illness such as cancer or diabetes or even an accident can accumulate medical bills. Therefore‚ paying a higher out-of-pocket expense in medical bills without the use of health insurance can lead to debt or bankruptcy. Acquiring health insurance is necessary so that people can
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Market Research for IFFCO-TOKIO General Insurance Objective: 1. To know the knowledge of consumer in the sector of General Insurance in Bulandshaher District. 2. To know the difference between General Insurance and Medical Insurance in consumers’ mind 3. To know the preferences of the insurance companies 4. To know the needs of the consumers from any insurance companies and the unmet needs Note: Suggest Promotional Activities on the basis of research Questionnaire:
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CHAPTER I INDIAN INSURANCE INDUSTRY “AN OVERVIEW” THE INSURANCE INDUSTRY IN INDIA AN OVERVIEW With the largest number of life insurance policies in force in the world‚ Insurance happens to be a mega opportunity in India. It’s a business growing at the rate of 15-20 per cent annually and presently is of the order of Rs 1560.41 billion (for the financial year 2006 – 2007). Together with banking services‚ it adds about 7% to the country’s Gross Domestic Product (GDP). The gross premium collection
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Aviva Life Insurance is a joint venture between Dabur and Aviva. Aviva has 26% stake and Dabur 74% stake in the JV partnership. Aviva India employs close to 5000 people‚ over 20‚000 Financial Advisers with 159 branches across the country. In 1999 the government opened the insurance sector by permitting FDI from private companies of up to 26%. The largest life-insurance company in India is still owned by the government (LIC). Insurance is also listed as the seventh Schedule to the Constitution of
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MARINE INSURANCE ACT 1963 THE MARINE INSURANCE ACT‚ 1963 ACT NO. 11 OF 1963 [18th April‚ 1963.] An Act to codify the law relating to marine insurance. BE it enacted by Parliament in the Fourteenth Year of the Republic of India as follows:-Short title and commencement. 1. Short title and commencement. (1) This Act may be called the Marine Insurance Act‚ 1963. (2) It shall come into force on such date 1* as the Central Government may‚ by notification in the Official Gazette‚ appoint. Definitions.
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FUTURE OF RURAL INSURANCE IN INDIA India is fast emerging on the world map as a strong economy and a global power. The country is going through a phase of rapid development and growth. All the vital industries and sectors of the country are registering growth and thus‚ luring foreign investors. And insurance sector is one of them. The rural market in India‚ constituting 742 million people‚ is by far the largest potential market in the world. The annual rural household income of Rs 56‚630 (as per
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SERVICE TRIANGLE FOR INSURANCE SECTOR NTERNAL EXTERNAL MARKETING MARKETING “Enabling Promises” “Making Promises” PROVIDERS CUSTOMERS INTERACTIVE MARKETING “Keeping Promises” Services Marketing can be explained with the help of the Service Industry Triangle. There are three entities in the whole transaction process. They are explained as below: CUSTOMERS Customers refer to the persons who have certain needs‚ wants and desires. For the Insurance sector‚ the customers refer to
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HSM/240 Social Insurance Checkpoint Social insurance funded programs include Social Security‚ Workmen’s compensation‚ Medicare‚ and unemployment benefits. Each of these programs is funded by a portion of a person’s check. A certain amount is taken out of each check and put in an “account” for future use. Some of these programs even include a match payment made by the employer. This is mostly used for Social Security. The benefits from each of these programs are used in the event of a future
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