Basics of Insurance 2 Contents:- * Life insurance * General insurance * Insurance market scenario * Emerging trends in insurance 3 Learning Insurance * What Is Insurance Insurance is concerned with protection of economic value of assets.Tangible assets are human beings‚ house‚ furniture‚ motor cycle etc.Intangible assets are liabilities 4 History of Insurance * It
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INSURANCE Every person wants happiness‚ profit and Security. He does not want adversity‚ Sorrow and risk. Hence he makes efforts to free from misshapenness‚ but his efforts fail before some happiness. He has to incur from general to serious losses due to different calamities. On the untimely death of the head of the family the dependents due to fire in the godown the industrialist‚ or shopkeeper‚ due to Sinking or looting of ship businessman has to incur financial loss. It means the whole
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Individual loan section we have a bad slack for “Salaries overtime”. The company spends 7 times more than planned. The employers in the individual loan section work hard‚ take much overtimes and this influence to the performance of company. Also the company spent the money for “borrowed labor” that she doesn’t plan. In the corporate loan section we have a slack of 100% for “Salaries part time” and “Salaries overtime”. The company don’t use the budget for these 2 costs. Mr. Somersby might control
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environment (SWOT Analysis) HDFC and Standard Life first came together for a possible joint venture‚ to enter the life Insurance market‚ in January 1995. It was clear from the outset that both companies shared similar values and beliefs and a strong relationship quickly formed. In October 1995‚ the companies signed a 3-year joint venture agreement. STRENGTH 1. Domestic image of HDFC supported by Prudential’s international image is strength of the company. 2. Strong and well spread network of qualified
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About Tata AIG General Insurance Tata AIG General Insurance Company Limited (Tata AIG General) is a joint venture company‚ formed by the Tata Group and American International Group‚ Inc. (AIG). Tata AIG General combines the Tata Group’s pre-eminent leadership position in India and AIG’s global presence as the world’s leading international insurance and financial services organization. The Tata Group holds 74 per cent stake in the insurance venture with AIG holding the balance 26 percent. Tata
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Insurance has many ways to help us in our everyday lives. For Example: 1. Removal of uncertainties Insurance company takes the risks of large but uncertain losses in exchange for small premium. So it gives a sense of security‚ which is real gift to the business man. If all uncertainty could be removed from business‚ income would be sure. Insurance removed many uncertainties and to that extent is profitable. 2. Stimulant of business enterprise Insurance facilitates to maintain the large size commercial
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Finance and Business Finance With the gradual progress of society & civilization and the development of science and technology‚ the scope of trade and commerce has also increased. Hence‚ the product-market has to cope with diverse competitions. To make profit in this competition‚ a businessman has to utilize his capital efficiently through proper planning so that the cost of production or selling could be kept minimum. Hence‚ a business firm can maximize its profit. For that purpose‚ every business
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A PROJECT ON INSURANCE INDUSTRY IN INDIA FOCUSING ON RELIANCE LIFE INSURANCE PREFACE The liberalization of the Indian insurance sector has been the subject of much heated debate for some years. The policy makers where in the catch 22 situation wherein for one they wanted competition‚ development and growth of this insurance sector which is extremely essential for channeling the investments in to the infrastructure
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wages are paid with cash. False 2) While corporations provide shareholders returns from _______‚ capital markets provide returns to shareholders from ______. Dividends; capital gains 3) The Sarbanes-Oxley act of 2002 was passed to: Establish auditing standards. 4) In general‚ what is changing as you read down the left hand side of a balance sheet? The assets are becoming less liquid. 5) Early in the history of finance‚ an important issue was: Liquidity 6)
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0.1 Introduction of Finance in your organization………………………….............. Task: 1: Be able to explore the sources of finance available to Sainsbury’s 1.1: Identify the sources of finance available to Sainsbury’s............................................ 1.2: assess the implications of the different sources of finance in Sainsbury’s…………. 1.3: select appropriate sources of finance for a project in Sainsbury’s………………….. Task: 2: Be able to analyses the implications of finance as a resource within
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