About Life Insurance

Topics: Insurance, Life insurance, Insurance in India Pages: 17 (5149 words) Published: April 23, 2013
An Assignment For
Principle of Insurance
(Life Insurance)
Course Code: FIN-123
Submitted To :
Course Leader: Farhana Rahman
Designation: Lecturer
(STAMFORD UNIVERSITY BANGLADESH)

Submitted By:
1. Abdullah-Al-Mamun. ID NO: BBA 047-14571
2. Rumana Islam. ID NO: BBA 047-14591
3. Mahe Afroze. ID NO: BBA 047-14590
4. MD. Rayhen-Ur-Rubby ID NO: BBA 047-14617
5. Md. Shoriful Islam ID NO: BBA047-14544
Batch: 47(E)
Dept: BBA Date: 31-03-2013

* Part-1
* Abstract
* About Life Insurance
* Compare Bangladesh with other country
* Advantages & Disadvantages of Life Insurance
* Conclusion
* Part-2
* Sandhani Life’s Insurance
* History Of Sandhani Life’s Insurance
* Sandhani Life’s Insurance Commitments
* Sandhani Life’s Insurance Vision & Mission
* Strategic Objectives
* Ethical Principles
* Financial Summary :Five Years of SLIC at a Glance
* Privileges
* Rules and regulations to have facility
* Bonuses
* Protection
* The symbol of financial security for retired life
* Features
* Information for the clients
* My Suggestion
* Investment
* Conclusion

Source Of Assignment
Part-1
* Abstract (www.ehow.com) ( Source of Insurance, A.R Jakir ahmed, page-10) * About Life Insurance (www.investopedia.com)
* Compare Bangladesh with other country (www.wikipedia.com) * Advantages & Disadvantages of Life Insurance (www.ehow.com ) * Conclusion (my Comment)
Part-2
* Sandhani Life’s Insurance
* History Of Sandhani Life’s Insurance
* Sandhani Life’s Insurance Commitments
* Sandhani Life’s Insurance Vision & Mission
* Strategic Objectives
* Ethical Principles
* Financial Summary :Five Years of SLIC at a Glance
* Privileges
* Rules and regulations to have facility
* Bonuses
* Protection
* The symbol of financial security for retired life
* Features
* Information for the clients
* My Suggestion
* Investment
* Conclusion
(Annual report 2011-12)
Source of part- 2
www.sandhanilife.com
Part-1
Abstract:
The goal of life insurance is to provide a measure of financial security for your family after you die. So, before purchasing a life insurance policy, you should consider your financial situation and the standard of living you want to maintain for your dependents or survivors. For example, who will be responsible for your funeral costs and final medical bills? Would your family have to relocate? Will there be adequate funds for future or ongoing expenses such as daycare, mortgage payments and college? It is prudent to re-evaluate your life insurance policies annually or when you experience a major life event like marriage, divorce, the birth or adoption of a child, or purchase of a major item such as a house or business. (www.ehow.com) In this paper we develop a contingent claim model to evaluate the equity and liabilities of a life insurance . The limited liability of shareholders is explicitly modelled. We focus on a specific type of life insurance policy–namely, the profit-sharing policy. In this policy, the policyholder is entitled to a guaranteed interest rate and a percentage of the company's yearly financial revenues. The implicit equilibrium interest rate and profit-sharing ratio are derived and analyzed. We finally discuss regulatory measures frequently encountered in the life insurance business such as rate ceilings, capital ratios, and asset restrictions. ( Source of Insurance, A.R Jakir ahmed, page-10)

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