A PROJECT REPORT ON Customer Awareness about Insurance Industry and Comparative Analysis of Different Products of Different Insurance Companies A report submitted towards the partial fulfillment of the two years full-time Post Graduate Diploma in Business Management TABLE OF CONTENTS PARTICULARS PAGE NOS. CHAPTER-1 • Acknowledgement ………………………………….
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GROWTH OF INSURANCE INDUSTRY – POST LIBERALIZATION INTRODUCTION : The journey of insurance liberalization process in India is now several years old. The first major milestone in this journey has been the passing of Insurance Regulatory and Development Authority Act‚ 1999. This along with amendments to the Insurance Act 1983‚ LIC and GIC Acts paves the way for the entry of private players and possibly the privatization of the hitherto public monopolies LIC and GIC. Opening up of insurance to private
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A Life Annuities Podcast I recently made a podcast with Monty Loree who runs the Canadian Money Advisor site at http://www.canadian-money-advisor.ca/podcast-summary.html. A lot of the conversation was about life annuities and their growing importance to the investing public.And the question arose;why life annuities? A growing number of people are fed up with the stock market and its volatile behaviour which makes everyone anxious. It appears about 99% of mutual and segregated fundholders
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Contributions of 9% of her remaining cash salary. The fund is a balanced growth retail superannuation fund‚ MM Superannuation. Her current balance is $160‚000 and earns on average 7% p.a. after fees and taxes. She also has $100‚000 in term life and TPD insurance cover within her superannuation fund. She drives a 4-year old Land Cruiser that is fully paid for. It has low kilometres and she expects to keep it until she retires. She will then need $30‚000 to purchase a new car on top of the trade in
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1.1 Problem Statement Life is something that has been given to us that we need to appreciate it. As human being there is full of risks and uncertainties since‚ we are social human beings‚ we have our own responsibilities too to minimize these risks. We cannot prevent an unpredicted event that will give some uncomfortable condition but there is certain way to safe our treasured ones from the losses occurs due to deficiency of lives. Life insurance is not only gives assurance for the monetary losses
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HistoryAetna‚ Inc. is an American health insurance company‚ which is the direct descendant of Aetna (Fire) Insurance Company‚ of Hartford‚ Connecticut. In 1850 Aetna began operation of an Annuity Fund and the company would soon to be known as Aetna Life Insurance Company. In 1899 Aetna became one of the first publicly held insurance companies to enter the health insurance field. Since then Aetna has become committed to providing access to cost-effective health care of the highest possible standard
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Pros and Cons of Insurance Companies: An Exploratory Study Thesis Statement Life Insurance is not new when it comes to people who want to render themselves inside these said insurance companies because of the benefits they can get but the chances that this companies will close is nearly 50/50 which means you don’t have any assurance regarding in satisfying yourself or they could grant the said contract without any faults or problems. Insurers should know the risks/benefits they can get before
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60.91 out of a maximum of 100 | Question 1 Which of the following could initiate the Accelerated Benefits Provision or Rider of a life policy? Choose one answer. | a. A presumptive disability. | | | b. A condition that is terminal. | | | c. Inability to perform some activities of daily living. | | | d. A total disability not reducing life expectancy. | | The critical trigger within the Living Needs rider is the terminal status of the insured (i.e. projected to die within
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Case description In 1995 METLife‚ one of the world’s largest insurance companies acquired New England Financial (NEF)‚ one of the oldest and most venerable insurance companies in the U.S. MET’s product line included casualty (Auto and Home) insurance as well as various life insurance products (e.g. Term Life‚ Whole Life and Annuities). New England Financial focused exclusively on life insurance and wealth management offerings. While the average net worth of the typical METLife customer was
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MET LIFE CASE STUDY Ans 1) The challenges of bringing the data together are- * they will have to extract the policy ownership information from each system and then to merge this data into a common master database and the policy based information systems are different from each other. * There is no established standard among systems for data collection. * The employees who worked and understood the data structures in the old systems are now dead‚ retired or no longer work in Met Life.
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