Role of Insurance Regulatory development Authority: Protecting the interests of policyholders. Establishing guidelines for the operations of insurers and brokers. Specifying the code of conduct‚ qualifications and training for insurance intermediaries and agents. Promoting efficiency in the conduct of insurance business. Regulating the investment of funds by insurance companies. Specifying the percentage of business to be written by insurers in rural sectors. Handling
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Below is a list of the Top 10 insurance companies in India and their contact details zone wise. Insurance Company | Products and Services | Contact Details | LIC Life Insurance Corporation of India | Insurance Policies Jeevan Anurag Unit Plans Samridhi Plus Pension Plus Special Plans Jeevan Madhur Jeevan Mangal Group Schemes | East Zone: LIC of India‚P&GS Unit Jeevan Prakash‚Calcutta Metro DO-I 16 Chittaranjan Avenue Kolkata West Bengal 700072 033-23346688 West Zone: Jeevan
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1. Beginning of elderly care insurance in Japan Nowadays‚ many developed countries are all faced with a problem: aging of population‚ among which‚ Japanese is the country with the most serious aging in the world. The ones who were born during the baby boom in World War II will be 65 years old soon‚ so that the population of the elderly in Japan will increase rapidly. Meanwhile‚ the birth rate in Japan has continued to drop since from 1980s. The decreasing of birth rate and the increasing of elderly
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People who do not have any health insurance are setting themselves up for financial ruin. Uninsured people do not have access to preventative and primary care or may have difficulty receiving follow-up care. An onset of a sudden illness such as cancer or diabetes or even an accident can accumulate medical bills. Therefore‚ paying a higher out-of-pocket expense in medical bills without the use of health insurance can lead to debt or bankruptcy. Acquiring health insurance is necessary so that people can
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Market Research for IFFCO-TOKIO General Insurance Objective: 1. To know the knowledge of consumer in the sector of General Insurance in Bulandshaher District. 2. To know the difference between General Insurance and Medical Insurance in consumers’ mind 3. To know the preferences of the insurance companies 4. To know the needs of the consumers from any insurance companies and the unmet needs Note: Suggest Promotional Activities on the basis of research Questionnaire:
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accidental loss‚ destruction or damage. 2. Employers liability insurance Employers Liability Insurance covers your business if an employee is injured or falls ill at work. All employers must take out this type of insurance for both employers and employees protection Employers’ Liability Insurance will only meet the cost of compensation for injuries caused to employees (or illnesses)‚ whether caused on or off site. This type of insurance only covers employees. Any claims made against the employer
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Running Head: Limited Liability Corporation and Partnership Paper Limited Liability Corporation and Partnership Paper University of Phoenix Michael Charley FIN/419 - FINANCE FOR DECISION MAKING Finance 05/17/2011 - 06/20/2011 Instructor: TONY MOSES In today’s economy there are many decisions business owners have to make in order for their business to sustain and grow. With that being said‚ business owners are now looking at the operations and structure of their business more frequently
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CHAPTER I INDIAN INSURANCE INDUSTRY “AN OVERVIEW” THE INSURANCE INDUSTRY IN INDIA AN OVERVIEW With the largest number of life insurance policies in force in the world‚ Insurance happens to be a mega opportunity in India. It’s a business growing at the rate of 15-20 per cent annually and presently is of the order of Rs 1560.41 billion (for the financial year 2006 – 2007). Together with banking services‚ it adds about 7% to the country’s Gross Domestic Product (GDP). The gross premium collection
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Aviva Life Insurance is a joint venture between Dabur and Aviva. Aviva has 26% stake and Dabur 74% stake in the JV partnership. Aviva India employs close to 5000 people‚ over 20‚000 Financial Advisers with 159 branches across the country. In 1999 the government opened the insurance sector by permitting FDI from private companies of up to 26%. The largest life-insurance company in India is still owned by the government (LIC). Insurance is also listed as the seventh Schedule to the Constitution of
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FUTURE OF RURAL INSURANCE IN INDIA India is fast emerging on the world map as a strong economy and a global power. The country is going through a phase of rapid development and growth. All the vital industries and sectors of the country are registering growth and thus‚ luring foreign investors. And insurance sector is one of them. The rural market in India‚ constituting 742 million people‚ is by far the largest potential market in the world. The annual rural household income of Rs 56‚630 (as per
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