Life Insurance Life insurance is a contract that pledges payment of an amount to the person assured (or his nominee) on the happening of the event insured against. Life insurance or life assurance is a contract between the insurer and the policy owner (policyholder) whereby a benefit is paid to the designated Beneficiary (or Beneficiaries) if an insured event occurs which is covered by the policy. In return‚ the policy owner (or policy payer) agrees to pay a stipulated amount called a premium
Premium Insurance
PROJECT MOTOR INSURANCE December 2004 Contents Chapter 1 Introduction Chapter 2 Merchandise insurance- cargo insurance introduction types object insured amount insurance premium liability‚compensation risk coverage exclusions Chapter 3 Carrier’s liability insurance general presentation and provisions carrier liability insurance- CMR- Romania types object insured amount insurance premium liability
Premium Insurance
Reyes | Insurance Matrix | 6/30/2012 | ------------------------------------------------- University of Phoenix Material Insurance Matrix Directions – Matrix For each type of insurance listed in the matrix‚ identity three functions‚ three coverage characteristics‚ and three companies that offer this type of insurance. Type of Insurance | Functions | Coverage Characteristics | Companies That Offer It | Auto | 1.Loss2. Damage.3.Accident(Collision) | Liability insurance for those
Premium Term life insurance Permanent life insurance Whole life insurance
Automobile Insurance "Insurance is a legal contract that protects people from the financial costs that result from loss of life‚ loss of health‚ lawsuits or property damage."(Nielson.) This protection is given to the customer in exchange for a monthly payment to the company. This is a legal contract which is known as a policy‚ binds the customer to the insurance company for the duration of the policy. Insurance‚ whether it be life‚ health or auto‚ helps customers feel safe from everyday risks
Premium Insurance Automobile Damage waiver
HistoryAetna‚ Inc. is an American health insurance company‚ which is the direct descendant of Aetna (Fire) Insurance Company‚ of Hartford‚ Connecticut. In 1850 Aetna began operation of an Annuity Fund and the company would soon to be known as Aetna Life Insurance Company. In 1899 Aetna became one of the first publicly held insurance companies to enter the health insurance field. Since then Aetna has become committed to providing access to cost-effective health care of the highest possible standard
Premium Health insurance Health care Health economics
Aetna‚ Inc. Health Insurance: A Company Summary Gina M. Hagerty Saint Leo University Abstract Aetna‚ Inc. is an American health care company that provides both traditional and consumer insurance services that include medical‚ pharmaceutical‚ dental‚ vision‚ behavioral health‚ group life‚ disability‚ and long term care. The company provides health care through employer-paid insurance and/or benefit programs‚ as well as through Medicare. Mark Bertolini is its latest chairman;
Premium Health insurance Health care Health maintenance organization
evaluate the merit of Mr. Clarke’s proposal that we establish and fund a new leadership development program for our junior insurance executives. 1.0 Background At the senior executive staff meeting of September 8‚ 2010‚ the director of operations suggested that Triad Insurance Company of Indianapolis (TICI) establish a leadership development program to prepare junior insurance executives for future advancement into executive positions. Specifically‚ the proposal was to send 20 employees off-site
Premium Leadership
PROD 529 Fall 2010 Manzana Insurance: Fruitvale Branch Case Executive Summary In 1991‚ Manzana Insurance’s Fruitvale branch was suffering on many performance measures including obtaining new policies‚ retaining current policies‚ long turnaround times‚ and the accumulation of a backlog of renewal policies. There are a number of problems leading to these poor performance measures including unbalanced work load on the underwriting teams‚ department utilization‚ work prioritization‚ and some
Premium Mathematics Arithmetic mean Weighted mean
Abstract This paper talks about operational innovation which is a competitive weapon at progressive insurance. The case is summarized and the operations management techniques used in this case are explored. Operational Innovation Operations strategy specifies the means by which operations implements corporate strategy and helps to build a customer-driven firm (Krajewski J. 2009‚ pp.9). It links long-term and short-term operations
Premium Insurance Fortune 500 Upper Saddle River, New Jersey
Insurance Sector in India Last Updated: August 2013 Brief Introduction Currently India is a US$41 billion industry. Currently‚ in India only two million people (0.2% of the total population of 1 billion) are covered under Mediclaim‚ whereas in developed nations like USA about 75% of the total population are covered under some insurance scheme. A robust insurance sector is a boon to a country’s economy. The sector facilitates long-term funds for infrastructure development and simultaneously
Premium Insurance