"Disadvantages Of Fire Insurance In Bangladesh" Essays and Research Papers

  • Disadvantages Of Fire Insurance In Bangladesh

    Fire Insurance | | | | Fire insurance is a contract under which the insurer in return for a consideration (premium) agrees to indemnify the insured for the financial loss which the latter may suffer due to destruction of or damage to property or goods, caused by fire, during a specified period. The contract specifies the maximum amount, agreed to by the parties at the time of the contract, which the insured can claim in case of loss. This amount is not, however, the measure of the loss. The...

    Boiler insurance, English-language films, Home insurance 955  Words | 3  Pages

  • Brief History of Insurance Company in Bangladesh

    Brief History of Insurance Companies in Bangladesh July 9, 2011 | Posted by arafatsohan under Uncategorized | No Comments | Insurance is a system of spreading the risk of one to the shoulders of many and which is a legal contract whereby the insurers, on receipt of a consideration known as premium, agree to indemnify the insured against losses arising out of certain specified unforeseen contingencies or perils insured against. Insurance is not a new business in the Bangladesh it almost a century...

    Actuarial science, Business, Corporation 755  Words | 3  Pages

  • Insurance Development

    Insurance Development & Regulatory Authority Bangladesh List of Insurance Companies in Bangladesh | LIST OF NON-LIFE INSURANCE COMPANIES 1. Agrani Insurance Company Ltd. 2. Asia Insurance Ltd. 3. Asia Pacific Gen Insurance Co. Ltd. 4. Bangladesh Co-operatives Ins. Ltd. 5. Bangladesh General Insurance Co. Ltd. 6. Bangladesh National Insurance Co.Ltd. 7. Central Insurance Company Ltd. 8. City Gen. Insurance Company Ltd. 9. Continental Insurance Ltd. 10. Crystal...

    Actuarial science, Home insurance, Insurance 1524  Words | 6  Pages

  • fire insurance

    INTRODUCTION Fire is one of the original perils insurance was designed to protect against.  Current building codes and many nearby fire departments make it easy to forget about the catastrophic damage fire can do.  However the damage caused by fire and the fire departments effort to put out a fire is all too real.  It happens in just an instance.  Smoker falling asleep in a chair, an unattended candle, paper or clothing too near the stove or a heat generating source, or a spark caused from an...

    Actual cash value, Boiler insurance, Damage waiver 12708  Words | 37  Pages

  • Insurance

    University of Phoenix Material Insurance Matrix Directions – Matrix For each type of insurance listed in the matrix, identity three functions, three coverage characteristics, and three companies that offer this type of insurance. |Type of Insurance |Functions |Coverage Characteristics |Companies That Offer It | |Auto | ...

    Automobile, Deductible, Health care 316  Words | 3  Pages

  • Insurance

    claim. In fact, he didn’t seem to realize the significance of a house possessing 1935 wiring. As we can see, both issues involve the subject of disclosure and it is therefore important to understand what disclosure actually is in the context of insurance. Finally, in regards to the students, if the claim is upheld, will there be any action taken towards them? We will look at the various laws around the topic of disclosure. Disclosure The relationship between the insured and the insurer is...

    Actuarial science, Boiler insurance, Insurance 2361  Words | 7  Pages

  • Fire Insurance

    FIRE INSURANCE Overview Fire insurance is a form of property insurance which protects people from the costs incurred by fires. When a structure is covered by fire insurance, the insurance policy will pay out in the event that the structure is damaged or destroyed by fire. A fire insurance policy involves an insurance company agreeing to pay a certain amount equivalent to the estimated loss caused by fire to the insured, within the time specified in the contract. The indemnity is subject...

    Boiler insurance, Home insurance, Insurance 3191  Words | 12  Pages

  • Fire Insurance

    FIRE INSURANCE WHAT IS FIRE INSURANCE? Fire insurance is a contract under which the insurer in return for a consideration (premium) agrees to indemnify the insured for the financial loss which the latter may suffer due to destruction of or damage to property or goods, caused by fire, during a specified period. The contract specifies the maximum amount, agreed to by the parties at the time of the contract, which the insured can claim in case of loss. This amount is not, however, the measure...

    Actual cash value, Boiler insurance, Home insurance 2360  Words | 9  Pages

  • Case Study of 'Leaving Bangladesh' by Sinthi

    suburb of Bangladesh's capital and the center of the country's $20 billion garment industry. If Bangladesh remains one of the world's poorest nations, it is no longer a complete economic cripple. Instead, it turned its poverty to its advantage, heralding workers who make some of the world's lowest wages and attracting some of the world's leading brands.But this same economic miracle has plunged Bangladesh into a vicious descending spiral of keeping down costs, as major retailers compete for customers...

    Employment, Employment compensation, Labor 2285  Words | 7  Pages

  • Insurance Business in Bangladesh

    Insurance Business in Bangladesh: Prospects & Problems Introduction Incidentals of Authorization and Submittal: This analytical report “Insurance Business in Bangladesh: Prospects and Problems” have been prepared as a requirement of the course named- ‘Insurance and Risk Management’ course code- 223. This report is submitted to Md. Abdullah Al Jamil, Lecturer, Department of Marketing, Comilla University on July 13, 2011 as authorized on April 13, 2011 The investigation was conducted by the Scarlet...

    Business, Endowment policy, Insurance 21222  Words | 90  Pages

  • Insurance Business in Bangladesh

    of insurance • 2 Indemnification • 3 When is a Policy Really Insurance? o 3.1 Does the Contract Contain Adequate Risk Transfer? o 3.2 Is There a Brightline Test? o 3.3 "Safe Harbor Exemptions" o 3.4 Risk Limiting Features • 4 Insurer’s business model • 5 Gambling analogy • 6 History of insurance • 7 Types of insurance • 8 Types of insurance companies • 9 Life insurance and saving • 10 Size of global insurance industry ...

    Business, Corporation, Endowment policy 5528  Words | 17  Pages

  • Role of Insurance in Bangladesh

    INTERNSHIP PROJECT REPORT ON ROLE OF LIFE INSURANCE COMPANY IN THE ECONOMIC DEVELOPMENT OF BANGALDESH AND FINANCIAL CONTROL SYSTEM: A STUDY ON JIBAN BIMA COROPORATION. (This internship Project report is submitted for the partial fulfillment of the Degree of Master of Business Administration with a major in Marketing) SUPERVISED BY Nighar Sultana Lecturer Faculty of Business Administration BGC Trust University Bangladesh PREPARD BY Tasmin Akter ...

    Actuarial science, Business, Endowment policy 7755  Words | 41  Pages

  • Case Study of Insurance in Bangladesh

    Executive Summary Insurance is used in almost every facet of life, ranging from vehicle insurance, life insurance, medical insurance, marine insurance, fire insurance, dental insurance to even boat or ATV insurance. When you with to obtain insurance for a certain item, you must agree upon a premium that you must pay each month. In Bangladeshi perspective, Insurance is not new here. Some insurance company formed up here during the British rule in India. At that time, 49 insurance business companies...

    Deductible, Disability insurance, Economics 4413  Words | 15  Pages

  • What Is Insurance

    What Is Insurance : Insurance is a form of risk management in which the insured transfers the cost of potential loss to another entity in exchange for monetary compensation known as the premium. Types of Insurance : There are many type of insurance,for example – Bond insurance Builder's risk insurance Flood insurance Fire insurance Health insurance Home insurance Marine insurance Property insurance Vehicle insurance Life insurance And many more…. Bangladeshi insurance company : There are...

    Actuarial science, Home insurance, Insurance 528  Words | 4  Pages

  • Fire

    Fire Safety : A Fire Safety Self-Inspection Checklist Introduction Structural fires can occur at any time. They don’t just happen to the “other guy.” The best way to ensure that NPS facilities are “fire safe” is through prevention and education. This includes inspections and education of employees, partners, and the public. Director’s Order #58: Structural Fire Management (DO #58) and its implementation manual, Reference Manual #58 (RM-58), require your park’s Structural Fire Coordinator to schedule...

    Emergency exit, Exit sign, Fire Equipment Manufacturers' Association 992  Words | 6  Pages

  • Islamic Insurance in Bangladesh

    (Management of Financial Institutions) under the MBA program. Our course instructor M. Jahangir Alam Chowdhury has assigned us this assignment so to gain some practical knowledge about Islamic Insurance. This really provides us the opportunity to explore and confront the reality about Islamic insurance in Bangladesh. Objective of the study Usually we gather theoretical knowledge from course material. But it is also very much important to relate that theoretical knowledge with practical situation...

    Actuarial science, Endowment policy, Insurance 16670  Words | 48  Pages

  • PEST of RMG Bangladesh

    PEST Analysis of the RMG industries in Bangladesh Introduction: The readymade garment sector plays a very significant role in the national growth and socio-economic development of Bangladesh. It's the world's second biggest apparel exporter after China. The amount is 80% of total exports of the country. The EU is the largest market for garments from Bangladesh, accounting for 60% of exports. It has attained a high profile in terms of foreign exchange earnings, exports, industrialization and...

    Clothing, Dhaka, Economic growth 1075  Words | 4  Pages

  • Insurance

    one of its top new reps. In 2003, he opened his own firm -- which in January of this year became Wealth Innovations Ltd. -- and has made a name for himself specializing in life insurance and DI sales for medical professionals, in particular pharmacists. He also helps educate future pharmacists about the need for insurance and proper planning; in 2009, he spoke at the Student National Pharmacist Associations' national conference in Chicago as their opening speaker, helps teach a class at the Duquesne...

    Education, Investment, Pharmacist 1250  Words | 4  Pages

  • Life Insurance in Bangladesh

    Insurance Insurance is a contract in which one party known as the insured also known as assured, insures with another party (person or organization), known as the insurer, assures or underwrites his property or life, or the life of another person in whom he has a pecuniary interest, or property in which he is interested, or against some risk or liability, by paying a sum of money as the premium. Under the contract, the insurer agrees to indemnify the insured against a loss which may accrue to the...

    Actuarial science, Endowment policy, Insurance 3638  Words | 13  Pages

  • Insurance

    INSURANCE 1.0 Introduction Insurance is a system of spreading the risk of one to the shoulders of many. It is a contract whereby the insurers, on receipt of a consideration known as premium, agree to indemnify the insured against losses arising out of certain specified unforeseen contingencies or perils insured against. Since the emergence of Bangladesh as an independent nation, insurance industry was nationalized along with banking and other major industrial sector. At the initial stage of nationalization...

    Actuarial science, Aviation insurance, Business 3689  Words | 16  Pages

  • Insurance

    unable to motivate themselves must be content with mediocrity, no matter how impressive their other talents.” Andrew Carnegie “Motivation is what gets you started. Habit is what keeps you going.” Jim Ryun “Motivation is a fire from within. If someone else tries to light that fire under you, chances are it will burn very briefly.” Stephen R. Covey About these ads Like Be the first to like this. Tags: Motivation, motivational quotes, Quotes, restaurant motivation,restaurant motivational quotes, restaurant...

    Blog, Cost, Motivation 1348  Words | 5  Pages

  • Insurance

    Department of Finance, Real Estate and Insurance PRINCIPLES OF INSURANCE (FIN 336) Dr. David T. Russell (david.russell@csun.edu) Fall 2013 MISSION, ETHICS AND ACADEMIC DISHONESTY POLICY The College of Business and Economics values academic integrity and will not tolerate cheating, plagiarism, or other acts of academic dishonesty. If you have any questions about the University’s Academic Dishonesty Policy, please contact me or consult the University catalog. For more...

    1967, 1981, Academic dishonesty 930  Words | 4  Pages

  • In the Fire

    Tyler Freas Mr. Fiorentino Academic English January 7, 2013 Into the Fire Everywhere you go there are restaurants, bars and diners and everyone that goes there all have one thing in mind, food. There is a team of people in the kitchen who help prepare and cook your food to order but the person who runs the entire kitchen is the head chef. In ten years I will be a head chef at a restaurant. To be a head chef you have to be responsible and be able to work in high pressure situations...

    Chef, Chefs, Cook 1176  Words | 3  Pages

  • Principles of Insurance

    Principles of Insurance Principles of Insurance An insurance contract is a type of a legal contract in which a type of risk is transferred to an insurance company in return of a premium by the policyholder. As by their nature, insurance contracts may be exposed to misconduct by both parties: the underwriter and the policyholder. Therefore six principles of insurance, which are recognised by law, were created to reduce this type of abuse. In the following pages I will explain these principles...

    Home insurance, Indemnity, Insurance 2184  Words | 7  Pages

  • Into the Fire

    Arlie Russell Hochschild is a Professor of Sociology at the University of California, Berkeley. Hochschild’s interests of research are in the impact of contemporary capitalism on everyday life. In the essay she wrote, “From the Frying Pan into the Fire”, Hochschild argues the growing emphasis on efficiency is affecting our lives. We have allowed the idea of workplace efficiency to infiltrate within the home life, in significant and negative ways. Hochschild’s study of the influence of efficiency...

    Arlie Russell Hochschild, Cruise ship, McDonald's 1299  Words | 4  Pages

  • Insurance

    Name: ID: Principles of Risk Management and Insurance Assignment 1 (Due 4/30/2012) Please write your answers on a separate sheet of paper. 1. Managers may have incentives to take action that benefit themselves at the expense of the shareholders. What factors give them incentives to act consistently with shareholder value maximization? 2. Describe the most important components of the cost of risk that apply to the risk of shoplifting at a convenience store...

    Bridgestone, Formula One, ISO 14000 604  Words | 3  Pages

  • Garments worker safety issue in Bangladesh

    Strict Insurance and Labour law can ensure equitable compensation In the months following on from the Tazreen Factory fire and the collapse of the Rana Plaza, international scrutiny of Bangladesh’s RMG industry has intensified. Working conditions have been criticised, accords have been signed by global retailers, trading privileges with the USA on certain products have been suspended, factories have been inspected and legislation has been reviewed. As a result of such scrutiny, generous...

    Accident, Employment, Insurance 1148  Words | 4  Pages

  • bangladesh bank

    Regulators of the Financial System Central Bank Bangladesh Bank acts as the Central Bank of Bangladesh which was established on December 16, 1971 through the enactment of Bangladesh Bank Order 1972- President’s Order No. 127 of 1972 (Amended in 2003). The general superintendence and direction of the affairs and business of BB have been entrusted to a 9 members' Board of Directors which is headed by the Governor who is the Chief Executive Officer of this institution as well. BB has 40 departments...

    Bank, Central bank, Federal Reserve System 1621  Words | 5  Pages

  • bangladesh

    capital early this morning. SHIBIR MAN KILLED IN JHENIDAH COP FIRING An activist of Islami Chhatra Shibir, student wing of Jamaat-e-Islami, was killed and five including three law enforcers were injured when police, after being attacked, opened fire on the opposition men in Kotchandpur upazila of Jhenidah on 30 November 2013, on the first day of opposition combine-enforced 72-hour blockade. BNP-led 18-party opposition combine announced a dawn-to-dusk hartal (shutdown) in Kotchandpur and Moheshpur...

    Bangladesh, Iajuddin Ahmed, Khaleda Zia 637  Words | 3  Pages

  • Contract of Insurance

    1. What is a Contract of Insurance? A "contract of insurance" is an agreement whereby one undertakes for a consideration to indemnify another against loss, damage or liability arising from an unknown or contingent event. 2. Who are the parties to an insurance contract? Sec.6. Every person, partnership, association, or corporation duly authorized to transact insurance business as elsewhere provided in this code, may be an insurer. Sec.7. Anyone except a public enemy may...

    Contract law, Indemnity, Insurance 2449  Words | 7  Pages

  • role of insurance

    THE ROLE OF INSURANCE IN SOCIETY. ( 5 Pages) You will all appreciate that the subject of this talk is so wide so I will make a brief summary of some of the main salient points that personally strike me as important. For those listening who are not so well versed in insurance I hope that this will open your eyes to our industry and for my colleagues who have been practicing our profession for many years please consider it as an “ aide memoire “. As our lives progress...

    Babylonia, Guild, Home insurance 911  Words | 3  Pages

  • Article on Insurance Company of Bangladesh.

    Abstract Insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the insurance; the insured, or policyholder, is the person or entity buying the insurance policy. The amount to be charged for a certain amount of insurance coverage is called the premium. Insurance business gained momentum...

    Actuarial science, Boiler insurance, Business 9812  Words | 32  Pages

  • Analysis of manufacturing in Bangladesh

    Starburst Report Analysis of Manufacturing in Bangladesh The Purpose of the Report Thank you for your confidence and trust in me regarding your current concerns about Starburst’s manufacturing options for the future. I understand you are looking for a way for Starburst to gain and sustain success in the fashion clothing market. I also understand you are considering outsourcing production overseas to Bangladesh, but you want to make sure to satisfy your joint priorities of making the enterprise...

    Business ethics, Corporate social responsibility, Employment 2198  Words | 4  Pages

  • Problems & Prospects of Insurance

    Problems & prospects of insurance in Bangladesh Prospects: There should be vigorous campaign through out the country to make the people aware of the utility and prospects of buying insurance. Bangladesh is a densely populated country and most of the people in our country are poor. They would definitively go for insurance for the security and the risks covered by the insurance. Therefore, the prospects of Insurance are very high in Bangladesh if the following measures can be adopted. First...

    Business insurance, Endowment policy, Insurance 841  Words | 3  Pages

  • Asa Bangladesh

    ASA Bangladesh Research Brief History of ASA ASA stands for Association for Social Advancement, which is a non-governmental organization aiming at helping poor people to get out of poverty. Bangladesh earned its independence in 1971, but because of the war, the whole country needed to be reconstructed. The unstable and bureaucratic political system slowed down the speed of economic development. In the meantime, some small non-governmental organizations stepped into Bangladesh to help the local...

    Bangladesh, Debt, Interest 2034  Words | 6  Pages

  • Islamic Insurance (Takaful)

    elements such as Riba, Gharar and Maysir in the conventional insurance, it is therefore compulsory for Muslim to find the alternative way to provide them with a better security which is in line with Shari’ah. In 1979, the first modern concept of Islamic insurance was introduced in Sudan which is based on a cooperative model similar to the conventional insurance. Since then, Islamic insurance market or Takaful market has become a fast-growing insurance industry and gained its credibility and respect in international...

    Insurance, Investment, Islamic banking 1945  Words | 7  Pages

  • Principles of Insurance

    Seven Principles of Insurance With Examples The seven principles of insurance are :- Principle of Uberrimae fidei (Utmost Good Faith), Principle of Insurable Interest, Principle of Indemnity, Principle of Contribution, Principle of Subrogation, Principle of Loss Minimization, and Principle of Causa Proxima (Nearest Cause). 1. Principle of Uberrimae fidei (Utmost Good Faith) Principle of Uberrimae fidei (a Latin phrase), or in simple english words, the Principle of Utmost Good Faith...

    Boiler insurance, Endowment policy, Indemnity 1272  Words | 4  Pages

  • Fire Investigation

    COMBUSTION AND FIRE INVESTIGATION There are many different types of fires and it can be quite difficult to establish what may have started the fire in the first place. Fire investigation is an important process that attempts to establish the cause of the fire and whether a criminal act has taken place. The National Fire Statistics in the UK compiled by the Home Office states that 25% of fires are electrical in origin but this does not tell the whole story. The statistics are compiled from fire report...

    Arson, Causality, Crime 768  Words | 3  Pages

  • Types of Insurance

    ------------------------------------------------- Types of insurance Any risk that can be quantified can potentially be insured. Specific kinds of risk that may give rise to claims are known as perils. An insurance policy will set out in detail which perils are covered by the policy and which are not. Below are non-exhaustive lists of the many different types of insurance that exist. A single policy may cover risks in one or more of the categories set out below. For example, vehicle insurance would typically cover both the...

    Disability insurance, Home insurance, Insurance 1899  Words | 6  Pages

  • Career as a Fire Fighter or EMT

     Fire Fighter/EMT NAME November 18, 2013 English 12, Block 2 TEACHERS NAME Outline I. Introduction II. Career Description A. Definition B. Nature of Work C. Career Outlook III. Vocational Training or Collage Preparation A. Location B. Length C. Courses D. Expenses IV. Available Jobs A. Outlook B. Location V. Benefits/ Advantages A. Salary B. Retirement Plan C. Insurance D. Vacations VI. Drawbacks/ Disadvantages A. Working Hours B. Working Conditions ...

    Ambulance, Basic life support, Emergency medical services 1392  Words | 5  Pages

  • Insurance Contract

    The insurance contract -Proiect Asigurãri- 3rd Year, Group 135 Students: Roman Daniel Predoiu Vlad-Ionut 2014 Table of contents Description.................................................................................................3 History.........................................................................................................4 Regulation and control...............................................................................4 Types of insurance........

    Boiler insurance, Contract, Deductible 3609  Words | 12  Pages

  • Marine Insurance

    Introduction It is said that marine insurance started sometime by the end 12th century in North Italy though some writers opine that it was in 3000 BC (not in the present form) when the Chinese merchants were dispersing their shipments along with several vessels with a view to minimize the damage to the shipments. Then a time came when the insurance of ships and cargo came in the form of bottomry that was essentially a monetary protection in the case the cargo is lost at sea or damaged. Then,...

    Cargo, Cargo ship, Indemnity 1628  Words | 5  Pages

  • Claim for Fire Insurance

    Fire results not only in loss of property but also loss of profits to the business on account of its dislocation. Such a loss can be got covered by taking a loss of profits policy. Considerable care should be exercised in determining the amount for which a loss policy should be taken. The policy should adequate to cover the likely amount of loss, which the insured may suffer on account of dislocation of the business. The policy specifics both the period as well as the amount it covers. To study about...

    Business, Economics, Finance 488  Words | 2  Pages

  • Disaster of Bangladesh

    consumers must take a share of the responsibility for the deaths in the Bangladeshi clothing factory. By: David Blair Published By: The Telegraph Date: 25 Apr 2013 Summary: This article is about the distressing incident which took place in Bangladesh where 228 people died in the fall down of eight storey’s Rana Plaza. Rana Plaza had shops, offices and factories crowded with many people. But due to its substandard construction building got collapsed and fell down killing many people. While...

    Bangladesh, Building, Clothing 699  Words | 3  Pages

  • Islamic Insurance in Bangladesh

    or Reinsurance |   |   | How does a Conventional Insurer Make Money? |   |   | Three Types of Takaful Models |   |   | Brief Comparison of Conventional Insurance and Takaful |   |   | Debate between Al Mudharaba and Al Wakala Takaful Models? |   |   | Profile of Insurance Industry Worldwide |   |   | Acceptance Rates of Insurance |   |   | Emergence of Takaful Industry |   |   | Projected Future Demand for Takaful |   |   | Challenges and Obstacles to Future Growth |   |   | Conclusions...

    Actuarial science, Earned premium, Insurance 6695  Words | 22  Pages

  • Insurance Matrix

    Insurance Matrix In comparing or contrasting auto and health insurance they are different from each other even though, they both are insurances one is for automobile that involves a vehicle and health insurance is for self. The comparison both have is that they are both very important, and we need to have these insurances. Auto insurance nowadays is mandatory if a vehicle was purchased or operated. One never knows when the coverage is going to be used and especially these days that there is so...

    Boiler insurance, Deductible, Health maintenance organization 905  Words | 3  Pages

  • Fire of Chicago

    vulnerable. On Sunday evening, October 8, 1871, just after nine o'clock, a fire broke out in the barn behind the home of Patrick and Catherine O'Leary at 13 DeKoven Street. How the fire started is still unknown today, but an O'Leary cow often gets the credit. The firefighters, exhausted from fighting a large fire the day before, were first sent to the wrong neighborhood. When they finally arrived at the O'Leary's, they found the fire raging out of control. The blaze quickly spread east and north. Wooden...

    Catherine O'Leary, Chicago, City 1013  Words | 3  Pages

  • Transport Insurance

    Vehicle insurance (also known as auto insurance , GAP insurance , car insurance , or motor insurance ) is insurance purchased for cars , trucks , motorcycles , and other road vehicles. Its primary use is to provide financial protection againstphysical damage and/or bodily injury resultingfrom traffic collisions and against liability that could also arise therefrom. The specific terms ofvehicle insurance vary with legal regulations in each region. To a lesser degree vehicle insurance mayadditionally...

    Damage waiver, Economics, Insurance 841  Words | 3  Pages

  • Insurance Matrix

    University of Phoenix Material Insurance Matrix Directions – Matrix For each type of insurance listed in the matrix, identity three functions, three coverage characteristics, and three companies that offer this type of insurance. |Type of Insurance |Functions |Coverage Characteristics |Companies That Offer It | |Auto |Protect the owner of the vehicle...

    Blue Cross and Blue Shield Association, Health care, Insurance 897  Words | 5  Pages

  • Different types of financial institutions in Bangladesh

    Different types of financial institutions in Bangladesh: Financial intermediaries and other financial institutions differ greatly in their relative importance within any nation’s financial system. There are different types of financial institutions in Bangladesh. Such as- 1. Commercial banks 2. Insurance companies 3. Credit unions 4. Stock Brokerage Firms 5. Asset Management Firms 6. Finance & Leasing Companies 7. Building Societies 8. Mutual fund 9. Pension funds 10. Security Firms ...

    Bank, Closed-end fund, Collective investment scheme 843  Words | 5  Pages

  • Marine Insurance

    MARINE INSURANCE Marine insurance is the indemnity for the loss of cargo or damage to ships during the shipment. The risks that marine insurance covers are fire, seizures, wars, accidents or causalities which take place over the sea. The winds and waves are not included as risks in the marine insurance. The Indian Marine Insurance Act, 1963 is imbibed from the Marine Insurance Act, 1906. Though the Marine Insurance Act is deep in its insurance coverage, it does not provide for losses that occur...

    Actuarial science, Cargo, Insurance 751  Words | 3  Pages

  • Insurance handout

    Insurance Insurance a defensive measure used against future conditional losses to hedge the possible risks of the future. It is a legal contract that protects a person from contingent risk of losses through financial means and provides a means for individuals and societies to handle some of the risks faced in daily life. Policies the contracts of insurance that are provided by insurance companies. Premium the regular amount charged from customers by the insurance companies, which...

    Home insurance, Insurance, Investment 859  Words | 4  Pages

  • Principles of Insurance

    Page 1: Insurance Page 2: Lloyds contribution Lloyd's of London (also known simply as Lloyd's) is an insurance market located in London's primary financial district, the City of London. It serves as a partially mutualised marketplace where multiple financial backers, known as underwriters, or "members", both individuals (traditionally known as "Names") and corporations, come together to pool and spread risk. Page 3: Unlike most of its competitors in the industry, it is not a company but it is...

    Insurance, Investment, Lloyd's of London 820  Words | 3  Pages

  • Monsoon Insurance

    OF INDEX MONSOON INSURANCE IN INDIA Literature review • AGRICULTURAL INSURANCE IN INDIA-A PERSPECTIVE By Dr. A. Amarender Reddy Scientist (Agricultural Economics) Indian Institute of Pulses Research, Kanpur-208024. Abstract 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...

    Agriculture, Economics, Extreme weather 1015  Words | 5  Pages

  • Rmg Sector Bangladesh

    Recent Problems of RMG Sector in Bangladesh: 1. Raw materials: Bangladesh imports raw materials for garments like cotton, thread color etc. This dependence on raw materials hampers the development of garments industry. Moreover, foreign suppliers often supply low quality materials, which result in low quality products. 2. Unskilled workers:    Most of the illiterate women workers employed in garments are unskilled and so their products often become lower in quality. 3. Improper working...

    Employment, Factory, Laborer 1393  Words | 6  Pages

  • Education policy in bangladesh. based on three insurance companies.

    Introduction “Insurance is a way of protecting against these financial losses”. “General insurance or non-life insurance policies, including automobile and homeowners Policies provide payments depending on the loss from a particular financial event”. Anyone who owns an asset can buy insurance to protect it against losses due to fire or theft And so on. Each one of us can insure our and our dependents’ health and well being through hospitalization and personal accident policies. In this...

    Actuarial science, Damage waiver, Endowment policy 3557  Words | 15  Pages

  • Health Insurance

    health insurance that must meets certain basic requirements. Beginning in 2014, individuals who do not acquire health insurance will be subject to a fine. This fine will rise over time, reaching $895 per person or 2.5 percent of income, whichever is greater, by 2018. Beginning in 2014, each state is to establish an Affordable Insurance Exchange. Separate exchanges are to be established for individuals and small businesses with fewer than 50 employees. The intention is that private insurance companies...

    Barack Obama, Health care, Health economics 1684  Words | 5  Pages

  • Bangladesh Floods

    Bangladesh flood, 1998 What natural (physical) features of the Ganges-Brahmaputra drainage basin make Bangladesh vulnerable to river flooding each year? The deltas of the Ganges and Brahmaputra rivers in South Asia flood on a seasonal basis. The flooding keeps the soil fertile because the rivers deposit silt which forms fertile soil each year. Partly because of the flooding, it is one of the most densely populated areas of the world with millions of people in Nepal, Northern India and Bangladesh...

    Bangladesh, Flood, Hydrology 1108  Words | 4  Pages

  • Thailand General Insurance

    Thailand: Analysis of the General Insurance Industry 1. Thailand: Country Overview  1.1 Background  1.2 Economy  1.3 Automobile Industry  1.4 Health & Pharmaceutical Industry  1.5 Tourism Industry  2. General Insurance Industry Scenario  2.1 Direct Premiums Written  2.2 Statistics of P&C Insurance Industry  2.3 Key Ratios of P&C Insurance Industry  2.4 P&C Insurance Industry by Line of Business  2.5 Key Statistics & Ratios by Line of Business  2.6 Commissions...

    Actuarial science, Boiler insurance, Business 480  Words | 3  Pages

  • Life Insurance of Bangladesh

    “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...

    Actuarial science, Annuity, Endowment policy 2337  Words | 13  Pages

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