INTRODUCTION Insurance is a form of risk management in which the insured transfers the cost of potential loss to another entity in exchange for monetary compensation known as the premium. Insurance allows individuals‚ businesses and other entities to protect themselves against significant potential losses and financial hardship at a reasonably affordable rate. We say "significant" because if the potential loss is small‚ then it doesn’t make sense to pay a premium to protect against the loss. After
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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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MARKETING MIX OF ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED (Synopsis of the Project towards partial fulfilment of the assessment in the subject of Service Marketing) INTRODUCTION COMPANY PROFILE ICICI Prudential Life Insurance Company Limited is a company incorporated under the Companies Act‚ 1956 and licensed under and in terms of the Insurance Act‚ 1938 and the Insurance Regulatory and Development Authority Act‚ 1999 to carry out the business of life insurance and having its Registered Office
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Can I Get Life Insurance If I am a Pilot? Earning your pilot’s license is a thrilling experience. Some people decide to get their aviation license to help with a long commute or for agricultural reasons. Some have dreamed of flying since they were small children. And still others heed the call of aviation as a career. Regardless of the reason‚ most people that put the time‚ effort and money into obtaining their pilot’s license have spent many years dreaming of the day they will earn their wings.
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Company Profile A new era in life Insurance About IDBI Federal Life Insurance IDBI Federal Life Insurance Co Ltd is a joint-venture of IDBI Bank‚ India’s premier development and commercial bank‚ Federal Bank‚ one of India’s leading private sector banks and Ageas‚ a multinational insurance giant based out of Europe. In this venture‚ IDBI Bank owns 48% equity while Federal Bank and Ageas own 26% equity each. . Having started in March 2008‚ in just five months of inception‚ IDBI Federal became one
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Analysis of the industry’s environment (SWOT Analysis) HDFC and Standard Life first came together for a possible joint venture‚ to enter the life Insurance market‚ in January 1995. It was clear from the outset that both companies shared similar values and beliefs and a strong relationship quickly formed. In October 1995‚ the companies signed a 3-year joint venture agreement. STRENGTH 1. Domestic image of HDFC supported by Prudential’s international image is strength of the company. 2. Strong
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About Tata AIG General Insurance Tata AIG General Insurance Company Limited (Tata AIG General) is a joint venture company‚ formed by the Tata Group and American International Group‚ Inc. (AIG). Tata AIG General combines the Tata Group’s pre-eminent leadership position in India and AIG’s global presence as the world’s leading international insurance and financial services organization. The Tata Group holds 74 per cent stake in the insurance venture with AIG holding the balance 26 percent. Tata
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Customers towards Life Insurance Services Customer satisfaction is the perception of customers on the service whether that service has met his needs and expectations. Service quality‚ personal factors‚ perception of equity and fairness‚ price‚ product quality‚ situational factors and attributions for service success or failure are the factors that influence the customer satisfaction. However‚ the perceptions and expectations of the policyholders who have taken the policies from Life Insurance Companies
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INDUSTRIAL ANALYSIS OF INSURANCE INDUSRTY INDEX 1. INTRODUCTION……………………………………………………………3 2. OBJECTIVES OF THE STUDY………………………………………..........8 3. GLOBAL SCENARIO……………………………………………………….9 4. INDIAN SCENARIO……………………………………………………….11 5. EMERGENCE OF IRDA…………………………………………………...19 6. MARKET STRUCTURE……………………………………………………36 7. PEST ANALYSIS…………………………………………………………...37 8. PORTERS FIVE FORCES………………………………………………….61 9. PERFORMANCE ANALYSIS……………………………………………..68 10. GLOBAL
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In terms of gross written premium‚ the South Korean insurance industry is the world’s eighth-largest. However‚ within the Asian region it is the third-largest‚ behind only japan and China. The industry has grown over the last decade due to an increase in the public’s awareness of insurance products and South Korea’s strong economic development‚ which resulted in the country having the highest gross insurance written premiums per capita in Asia. Notably‚ although the value of the segment declined
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