Buying insurance and buying the right insurance are two different things. There are a lot of people who buy insurance for the wrong reasons or buy insurance without taking in consideration critical aspects of it. In the followings paragraph we detail the most common errors that people make when they are buying an insurance plan. Procrastinate: A classic example of procrastination occurs when people rush to buy life insurance or health insurance only to get the benefits of tax savings. Tax benefits
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world war c. Third world war d. British rule 3. Under the payment of wages act‚ 1936‚ no wages period shall exceed for one . a. Four month b. Two month c. One month d. None of the above 4. Collective bargaining is the process of bargaining between a. employees & employer b. workers & workers c. employees & employees d. None of the above 5. Layoff can also cause a ________ a. Retirement b. Grievance c. Conflict d. None of the above Examination Paper: Human Resource Management 6 IIBM
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Everything you need to know about pet insurance Getting pet insurance might be the right choice for pet owners‚ but it is also complicated. Why? Because there are so many pet health insurance companies out there‚ with so many interesting deals. From customizable plans to routine Wellness plans‚ there are so many reasons to be excited‚ especially when it comes to doing the right thing for your furry friend. However‚ by the time you start doing your own research‚ you might get confused as to what to
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Management in INSURANCE SECTOR Q. How to measure operational efficiency in service industry? Ans-Insurance companies use KPI indicators to measure operational efficiency and ensure optimum standards. The secret to success for an insurance company is providing the right product‚ having the right people selling and managing risks associated with it. Insurance organizations use and act on metrics to avoid unnecessary risks. Following are the Key Performance Indicators (KPI) that insurance companies use
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SERVICE TRIANGLE FOR INSURANCE SECTOR NTERNAL EXTERNAL MARKETING MARKETING “Enabling Promises” “Making Promises” PROVIDERS CUSTOMERS INTERACTIVE MARKETING “Keeping Promises” Services Marketing can be explained with the help of the Service Industry Triangle. There are three entities in the whole transaction process. They are explained as below: CUSTOMERS Customers refer to the persons who have certain needs‚ wants and desires. For the Insurance sector‚ the customers refer to
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required corridor or gap between the cash value and the death benefit? | | a) | Universal Life – Option A | b) | Universal Life – Option B | c) | Equity Indexed Universal Life | d) | Variable Universal Life | | | Universal Life Option A (Level Death Benefit option) policy must maintain a specified "corridor" or gap between the cash value and the death benefit‚ as required by the IRS. If this corridor is not maintained‚ the policy is no longer defined as life insurance for tax purposes‚
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Branch of Manzana Insurance is experiencing loss of business due to late renewals‚ and long lead times on new policies and quotes. These problems have created an opportunity for a competitor to take market share. Incorrect interpretation of company income for new policy versus policy renewals has placed an overemphasis on new policies that is causing loss of profitability. The company has official priorities with respect to turn around time and processing order of insurance policies. Officially
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Progressive Insurance Assignment question: 1. What is Progressive’s business? a. .To provide vehicles owners with security and protection : insurance coverage b. .Damages compensation c. .Quick claims service d. .Immediate response vehicles : inspect of the scene of an accident‚ estimate‚ claim and print checks 2. What is critical to the success of the business? a. Quality of the service: quick payment of the claims Claims processing‚ timeliness
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Renter’s Insurance covers the personal effects and third party liability of an apartment or house renter. Smart consumers evaluate comparative offerings from insurance companies based on the nature of coverage. Some elements that are important are the amount of deductible‚ maximum benefit‚ per occurrence maximums and the specific events that are excluded in the coverage. If a tenant realizes that personal possessions have been damaged or ruined owing to a fire or a break in‚ he cannot expect the
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FUTURE OF RURAL INSURANCE IN INDIA India is fast emerging on the world map as a strong economy and a global power. The country is going through a phase of rapid development and growth. All the vital industries and sectors of the country are registering growth and thus‚ luring foreign investors. And insurance sector is one of them. The rural market in India‚ constituting 742 million people‚ is by far the largest potential market in the world. The annual rural household income of Rs 56‚630 (as per
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