“A Discussion on the products of Pragati Life Insurance Ltd” 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
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accidental circumstances is known as Fire. 2. Fire business has been detariffed from 1st January‚ 2007. 3. Standard Fire and Special Perils Policy with the permitted “Add-on” covers if any can be issued. 4. Storm‚ Tempest‚ Flood and Inundation group of perils and/or Riot‚ Strike‚ Malicious Damage perils at inception of of the policy can be excluded from the scope of the policy. 5. Any risk which has not been provided for in the Tariff shall be referred to the Committee for Rating. Provisional
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Competitive Analysis Strategic Group Mapping According to the annual report of Sa Sa International Holdings Limited‚ the company is currently experienced lower sales because of the competition market (Sa Sa International Holdings Limited‚ 2012). Therefore‚ the strategic group mapping is used to identify the different competitive position between Sa Sa International Holdings Limited and its competitors. However‚ we have identified the competitors that Sa Sa International Holdings Limited currently
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settlement • Reinsurance • Investments Copyright © 2011 Pearson Prentice Hall. All rights reserved. 6-1 Rating and Ratemaking • Ratemaking refers to the pricing of insurance and the calculation of insurance premiums – A rate is the price per unit of insurance – An exposure unit is the unit of measurement used in insurance pricing premium = rate * exposure units – Total premiums charged must be adequate for paying all claims and expenses during the policy period – Rates and premiums
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Strategic planning relates to leadership through your willingness to adapt and change your way of thinking as well as being honest with your plan thereby being realistic. For a successful technology‚ reality must take precedence over public relations‚ for nature cannot be fooled (Feynman‚ 1986). Strategic planning relates to both your personal and professional way of life. For instance‚ you plan to have a family‚ your financial budget‚ determining necessities vs. luxuries. When you deviate from a
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Internship Report “The Insurance Act 2010 for Non-life Insurance; Problems & Prospects of Peoples Insurance Company Limited” Submitted To: Sharmin Shabnam Rahman Lecturer BRAC Business School‚ BRAC University Prepared & Submitted By: Name Shamima Aktar Student ID 08104057 Date of Submission: May 20 ‚ 2012 “The Insurance Act 2010 for Non-life Insurance; Problems & Prospects of Peoples Insurance Company Limited” ii Letter of Transmittal May 20‚ 2012 Sharmin Shabnam Rahman Lecturer
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A strategy map is a diagram that is used to document the primary strategic goals being pursued by an organization or management team. It is an element of the documentation associated with the Balanced Scorecard‚ and in particular is characteristic of the second generation of Balanced Scorecard designs that first appeared during the mid 1990s. The first diagrams of this type appeared in the early 1990s‚ and the idea of using this type of diagram to help document Balanced Scorecard was discussed in
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Groups can be defined by either informal groups‚ or formal groups. Formal groups A formal group is set by an official authority or leader designed to complete a specific task or purpose and is strictly regulated by the organisations rules and practices. In a formal group responsibility of an outcome of a task is set usually to the leader‚ discipline and reward is mainly handed down to the leader via the organisation. A formal group is coordinated by activities shared between a number of people
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What is Workmen’s Compensation Insurance Workmen’s Compensation Insurance is insurance paid by companies to provide benefits to employees who become ill or injured on the job. Through this program‚ workers are provided with benefits and medical care‚ and employers have the assurance that they will not be sued by the employee. Who Can be Insured This insurance policy is essential for each and every employer‚ either as the principal or the contractor who engages “workmen” as defined by the Workmen’s
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1. This map shows the possible migration routes for the first Native Americans that settled in between 15000 and 60000 years ago. These settlers came from Asia across either the Aleutian Islands or Bering Strait and settled in North and South America. 2. When the Europeans first came to the Americas‚ there was a huge amount of different tribes with a variety of religion‚ language‚ and society. These tribes were spread across from the Atlantic to the Pacific and from Northern Canada to at least
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