what does it means. It’s a combination of the term ‘Bank’ and ‘Insurance’. It means that insurance have started selling there product through banks. It’s a new concept to Indian market but it is very widely used in western and developed countries. It is profitable both to Banks and Insurance companies and has a very bright future to be the most develop and efficient means of distribution of Insurance product in very near future. Insurance company can sell both life and non-life policies through banks
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DISTANCE EDUCATION IMPORTANCE OF LIFE INSURANCE TO FILIPINO SOCIETY ABSTRACT This research and study is intended for future researcher’s reference and insights of the importance of life Insurance in the Philippine Society. the first part contains the history of Insurance in the Philippines‚ Statements of what Life Insurance is‚ the types of Insurance‚ its advantage and disadvantage. The research also includes the
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Introduction Life insurance or life assurance is a contract between the policy owner and the insurer‚ where the insurer agrees to pay a designated beneficiary a sum of money upon the occurrence of the insured individual’s or individuals’ death or other event‚ such as terminal illness or critical illness. In return‚ the policy owner agrees to pay a stipulated amount at regular intervals or in lump sums. There may be designs in some countries where bills and death expenses plus catering for after
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American Health Care/Insurance Essay In the United States‚ the issue of health care is a touchy one. There are two sides to this issue as there is to every other. In this issue‚ there is the people’s side and the government’s side. The one thing that they have in common is an opinion. In the opinion of the people‚ the health care system of the United States is extremely flawed and needs to be fixed desperately. Fifty million Americans are without health insurance. Only a quarter of a million
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A SUMMER TRAINING REPORT ON “ANALYSIS OF PRODUCT IN HDFC STANDARD LIFE INSURANCE” [pic] Submitted under Partial Fulfillment of BACHELOR OF BUSINESS ADMINISTRATION UNIVERSITY OF RAJASTHAN [pic] SHEKHAWATI COLLEGE‚ SIKAR SUBMITTED TO: SUPERVISED BY DEPARTMENT OF MANAGEMENT Mr. SURJEET BISHNOI SUBMITTED BY MUKESH KUMAR GURJAR PROJECT GUIDE CERTIFICATE
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Case Brief: Manzana Insurance is the second largest Insurance Company in the Property Insurance space in California. The case relates to one particular branch‚ the Fruitvale branch‚ which has been losing market share to its competitor Golden Gate. This branch deals with the commercial property insurance and has three underwriter teams that cater to 3 geographic territories. On an average‚ the Fruitvale branch receives around 39 requests per day (22 requests for new insurance and 17 renewals). The
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Title: Insurance companies in the Netherlands-top 5 reviewed and segregated The Dutch people can arrange insurance via the employer or a private company. There is obligatory medical insurance‚ apart from which an individual can also opt for specific need insurance like for house‚ belongings‚ cars‚ property‚ life insurance etc. Many large insurers offer packages based on combined needs of individuals‚ which can help in reducing the cost and also becomes one company and policy‚ so that customer does
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us have this thought of finding cheap car insurance‚ but they don’t know how and thought it is impossible to get. Therefore‚ they resort to signing up for expensive ones. Actually‚ there are many cheap car insurance polices available in the market if we know the right ways to get them. Many of us do not go for those so-called cheap insurance because we are worried that they are parts of scams or they have hidden charges in them. No doubt there are insurance companies promising affordable policies
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LAW INSURANCE LAW ASSIGNMENT 3/10/2014 PART A: HISTORY OF INSURANCE LEGISLATION IN KENYA The notion of insurance in Kenya can be traced back to the “social insurance programme” which for a long time has been around Africa. However‚ the history of the development of commercial insurance in Kenya is closely related to its colonial heritage. Like some African and other developing countries‚ there was no specific insurance legislation in Kenya until 1960‚ when the Insurance Ordinance
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Letter of Acknowledgement This report is based on the analysis of employee satisfaction of “EFU General Insurance Limited”. It is our fortune to have personnel of “EFU General Insurance Limited” whose corporation and guidance contributed tremendously to complete this project. It is our pleasure to have the most valued and respected facilitator Mr. Motiur Rehman. The substance that we have gained during the semester and by assignments from him was an introduction for us in the field of Organizational
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