Introduction In general‚ life insurance is a type of coverage that pays benefits upon a person ’s death or disability. In exchange for relatively small premiums paid in the present‚ the policy holder receives the assurance that a larger amount of money will be available in the future to help his or her beneficiaries pay debts and funeral expenses. Some forms of life insurance can also be used as a tax-deferred investment to provide funds during a person ’s lifetime for retirement or everyday living
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1. A good way to reduce the cost of your car‚ home‚ and health insurance is to: a. Raise the deductibles on your policies b. Reduce your coverage to the minimum c. Keep your auto and home policies with different companies d. Suspend your coverage for a limited time 2. The four documents you must have to protect your family are: a. A will‚ an irrevocable trust‚ an advance directive‚ and a durable power of attorney b. A will‚ a living revocable trust‚ a durable power of attorney‚ and an advance
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CONTENTS SR NO | TOPIC | PAGE NO | 1 | INTRODUCTION | 4 | 2 | TYPES | 5 | 3 | ADVANTAGES AND DISADVANTAGES | 8 | 4 | LIFE INSURANCE IN INDIA | 10 | 5 | LIST OF INSURER | 11 | 6 | TOP 10 PRIVATE INSURANCE COMPANIES IN INDIA | 12 | INTRODUCTION Life insurance is a contract between an insurance policy holder and an insurer‚ where the insurer promises to pay a designated beneficiary sum of money (the "benefits") upon the death of the insured person. Depending on the contract
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Life insurance is becoming more and more popular with many people now realizing the importance and the benefits of a good life insurance policy. There are two main types of popular life insurance‚ both of which offer a range of invaluable benefits to consumers. Level term life insurance is the most popular type of life insurance policy with consumers‚ and this may be because it is also the cheapest form of insurance. With level term insurance‚ you and your family can enjoy peace of mind at an
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FINDINGS & SUGGESTION Some type of agent network is must. As insurance customers rely on personal interactions and a need a high level of service that can be very well maintained by these types of rural agents. The distribution channel need to be improved and new ideas and people are need to be discovered those can work as an insurance agents. The Gram Pradhan‚ doctors‚ school teachers‚ mandi samiti etc. may be good agents for this purpose. Villagers have high trust in banks and post office
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.. TABLE OF CONTENTS STRATEGIC MARKETING PLAN DEFINES SALES SUCCESS IN TWO LEADING LIFE INSURANCE COMPANY Target companies: AVIVA Life Insurance Pvt Ltd. 1] Executive summary: The research is to be conduct how each company has performed in sales and the improve effectiveness of selling process. Research objectives and aims are to compare the performance of the AVIVA and HDFCSLI. As this research studying based on the Indian market‚ the research is proceeding in Bangalore‚ which is
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Life Insurance Life insurance is a contract that pledges payment of an amount to the person assured (or his nominee) on the happening of the event insured against. Life insurance or life assurance is a contract between the insurer and the policy owner (policyholder) whereby a benefit is paid to the designated Beneficiary (or Beneficiaries) if an insured event occurs which is covered by the policy. In return‚ the policy owner (or policy payer) agrees to pay a stipulated amount called a premium
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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
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Analysis of Life Insurance Sector (Life Insurance Presented by Ashish Chandra (29041) C. Sudhir (29044) Parvati Singh (29055) Sharat Jha (29065) Institute of Rural Management‚ Anand Demographic environment India has‚ according to 2001 census‚ 65.38% literacy rate. The literacy rate varies across rural (59.4%) and urban (80.3%) India. These contrasts in literacy levels are significant and have important implications for insurers. Literacy and education increases employability of the person
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Industry Profile * History of Insurance * Types of Insurance * Life Insurance * Non Life Insurance | * Development of Life Insurance in India * Development of Life Insurance in Rural India * IRDA (Insurance Regulatory Development Authority) * Advantage of Life Insurance * Limitation of Life Insurance | The History of Insurance Although insurance may have been used by the Babylonians‚ the Greeks and the Romans‚ insurance in the modern sense originated
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