On the basis of the primary data collected with the help of the survey, it is found that the median age group of 41 is most interested in purchasing the insurance products. The survey has analyzed that the customers are moderately satisfied with the existing services; this reveals that there is a need to train sales representatives to provide excellent services for luring customers to buy other products of the company. On an average, the respondents hold two insurance policies, so there are a lot of opportunities to lure customers towards buying other…
3. A __________ is a private investment pool open only to wealthy or institutional investors that is exempt from SEC regulation and can therefore pursue more speculative policies than mutual funds.…
Historic and forecast data on government securities, corporate bonds, investment funds, cash in bank/hand, other investments and total investment income. for the period 2008 through to 2017.…
While pension funds hold bonds as their asset, they also have obligations as liability. Lower interest rate, namely a lower discount rate, on one hand, increases bonds’ return, on the other hand, it also increase pension funds’ liabilities, which is the discounted value of future obligations. Moreover, bonds in asset side are usually in shorter term than long-term liabilities, and therefore are less sensitive to interest rate change. As a result, the increase in liability exceeds the value increase in assets. The net position of pension funds would be worse off.…
A pension plan fund is established for the eventual payment of retirement benefits. A plan sponsor is the entity that establishes the pension plan. A plan sponsor can be:…
Enterprise annuity plan is a system that according to enterprise’s economic strength and conditions established, aiming to secure staff retirement income and beyond the basic old-age insurance system for the government enforce. Enterprise pension funds is an important supplement of basic endowment insurance system, its direct purpose is improve the level of pension to retired workers. Enterprise annuity plan is generally regard as an important part of human resource management strategy, because it is able to attract and retain employees who long-term serve for enterprise and improve labor productivity through providing them with a retirement pension funds. According to the accumulation of pension funds and the difference of payment methods, pension scheme could be divided into two types; one is defined benefit and another is defined contribution.…
Background the paper reviewed the innovative techniques in agricultural/rural insurance, which overcome some of the disadvantages of yield based group insurance and suggests rainfall (weather) index insurance as a better alternative/complement to the existing agricultural insurance scheme. The weather (rainfall) index based insurance is also more compatible with reinsurance practices worldwide, which make primary insurers to cover their local/regional risks by reinsuring themselves with international reinsures.…
DUE DATE: June 4, 2012 [Submit a Hard Copy and via Drop Box; Keep a copy ]…
May 20, 2012 Sharmin Shabnam Rahman Lecturer, BRAC Business School, BRAC University Subject: Submission of Internship Report (BUS-400). Dear Madam, With due respect, I would like to inform you that, I have completed my internship at Peoples Insurance Company Limited. Throughout the internship period, I have found the company getting ready to adopt with changes brought by the Insurance Act 2010. Hence, I chose ―The Insurance Act 2010 for non-life insurance; the Problems & Prospects of Peoples Insurance Company Limited‖ as the topic of my internship report. In order to prepare the report, I have collected required information through qualitative research and finally completed the report which is now ready to submit. It was really enjoyable to work on the report as it has provided me with an opportunity to know about realistic fact of the influence of Insurance Act 2010 on the overall operation of PICL. I have learned a lot about the non-life insurance industry after preparing this term paper and got the chance to apply my theoretical knowledge learnt from the university courses. It was a great pleasure for me to work on such a challenging and practical topic.…
Conventional wisdom holds that pension reforms from pay-as-you-go to fully funded systems spur the development of stock markets through a corporate governance channel, i.e. pension funds become large shareholders of publicly traded firms and therefore have the incentives to monitor managers and improve investor protections. This paper reviews the literature on the corporate governance channel associated with pension reforms in developing countries, and asks what we know and need to know about it. We know that pension funds are not yet large shareholders of publicly traded firms in developing countries. However, econometric results suggest that pension reforms lead to stock market development, but do not allow us to identify and separate the corporate governance channel. We know that pension reforms are followed by pro-investor legislation, but there is no convincing evidence that the pro-investor laws are enforced. We need to know more about the effects of pension reform on stock prices and performance of publicly traded firms, and whether pension fund management companies act in the best interest of pensioners. The paper also reviews the political economy explanations of the links between pension fund specific capital controls and the corporate governance channel, and suggests that there is a trade-off between the objectives of pensioners welfare maximization, and corporate governance reform and stock market…
Certified that this report is prepared based on the summer internship project undertaken by me in HDFC STANDARD LIFE INSURANCE CO. LTD. from 16th may 2011 to 20th July 2011, under the able guidance of Mrs. Rashmi Tripathi in partial fulfillment of the requirement for award of degree of Bachelor of Business Administration from Amity University, Uttar Pradesh.…
An empirical study in the Rural India with special reference to the state of Punjab Dr. Sangeeta Arora, Reader, Ms Meenu, Research Scholar Department of Commerce and Business Management, Guru Nanak Dev University, Amritsar, Punjab, India…
Kenya's Pension Fund Industry amounts to approximately KShs 200 billion reference, or the equivalent of 23% of Gross Domestic Product (GDP). These funds are currently operated by statutory contributions under National Social Security Fund (“NSSF”), sponsor-led schemes and individual Retirement Benefit Schemes reference.…
Insurance industry in Kenya is faced by several challenges that make their operation in the Kenyan market difficult. These challenges are dependent on the people, the status of the market, laws governing insurance in Kenya and the lack of proper information about insurance.…
Abstract When life insurance companies started operating in the middle of 20th century in the country, the evil play natural to all business had its sway. There was a lot of cut throat competition as well as profiteering. As a result Life Insurance Corporation of India (LIC) came into existence on 1st September, 1956 after nationalization of all the 245 companies engaged in life insurance business. However, Government made a paradigm shift in the economic policy by adopting the process of liberalization, privatization and globalization at the end of previous decade. Consequently, Insurance Regulatory and Development Authority (IRDA) has been established under IRDA Act, 1999 to regulate the insurance business in the country. As a result, private sector has been allowed entry both in general and life insurance sector in India. Life insurance industry expanded tremendously from 2000 onwards in terms of number of offices, number of agents, new business policies, premium income etc. Further, many new products (like ULIPs, pension plans etc.) and riders were provided by the life insurers to suit the requirements of various customers. Keywords Riders; Life Insurance New Business; Business Policies Underwritten; Lapse Ratio; and Maturity and Survival Benefits Claims. I. Introduction The insurance is primarily a social device adopted by civilized society for mitigating the incidence of loss of income to families by unforeseen contingencies. In India, when life insurance companies started operating in the middle of 20th century the evil play natural to all business had its sway. There was a lot of cut throat competition as well as profiteering. The avowed social objective of insurance had been totally relegated to…