FIRE INSURANCE WHAT IS FIRE INSURANCE? Fire insurance is a contract under which the insurer in return for a consideration (premium) agrees to indemnify the insured for the financial loss which the latter may suffer due to destruction of or damage to property or goods‚ caused by fire‚ during a specified period. The contract specifies the maximum amount‚ agreed to by the parties at the time of the contract‚ which the insured can claim in case of loss. This amount is not‚ however‚ the measure
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Fareast 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
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Fire Insurance | | | | Fire insurance is a contract under which the insurer in return for a consideration (premium) agrees to indemnify the insured for the financial loss which the latter may suffer due to destruction of or damage to property or goods‚ caused by fire‚ during a specified period. The contract specifies the maximum amount‚ agreed to by the parties at the time of the contract‚ which the insured can claim in case of loss. This amount is not‚ however‚ the measure of the loss. The
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Study the Investors’ Behavior towards Life Insurance Products MR. KETAN PRAJAPATI Asst. Professor‚ Shri Satsangi Saket Dham “Ram Ashram” Group of Institutions‚ Faculty of Management‚ Vadasma‚ District Mehsana‚ Gujarat (India) E-mail: ketan1902@yahoo.com DR. KISHOR BARAD Professor and Area Chair‚ Shanti Business School‚ Ahmedabad‚ Gujarat (India) E-mail: kishor_barad@yahoo.co.in Abstract: Life insurance basically is a tool against protection of life or against any unforeseen event or
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One of my weaknesses is being a charismatic leader‚ most of the employees say that if I leave the insurance agency it would fall apart. Sometimes I feel as though I can do no wrong and I am to important to the agency to be let go. I need to cross train more‚ I am the only person in the agency that is an expert in manufacturing risks and the only person that is an expert in surety bonds. This puts the agency in a very volnerable situation and if I should be removed or leave the agency it would be
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FIRE INSURANCE Overview Fire insurance is a form of property insurance which protects people from the costs incurred by fires. When a structure is covered by fire insurance‚ the insurance policy will pay out in the event that the structure is damaged or destroyed by fire. A fire insurance policy involves an insurance company agreeing to pay a certain amount equivalent to the estimated loss caused by fire to the insured‚ within the time specified in the contract. The indemnity is subject to change
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Future Life 1 Future Life My Life in the Future by Ornnicha Apibantanakij US Culture Professor Russell Clark 1 August 2014 Future Life 2 Future Life My Life in the Future Time flies. It seems to me that only yesterday when I graduated my university. Life has been changing so rapidly since the time I was born‚ that it is probably impossible to give an accurate picture of the next century. However‚ it is interesting for me to try and
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Apartments‚ asking for damages of $1‚500‚000. George claims that the roof had rotten sections and that his fall could have been prevented if Mr. Munster had told Spacely Construction about the problem. Mr. Munster notified his insurance company‚ Dewey‚ Cheatem and Howe Insurance (DCH)‚ of the lawsuit. DCH must defend Mr. Munster and decide what action to take regarding the lawsuit. George Jetson offered to accept a settlement of $750‚000 which is one option. DCH is also considering a counteroffer of
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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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Progressive Insurance Greg McInerney 9/12/2012 Assignment question: What is Progressive’s business? Progressive is an insurance company for vehicles in the United States Has competitive advantage in areas such as information technology‚ availability of claims adjusters and payments to customers as quickly as possible It offers personal insurance services for its customers Outstanding customer services Aims for operational excellence What
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