Insurance Essays

Found 14506 essays.

Free Student Auto Insurance Quotes Business Essay

Many websites and certain insurance agents provide free insurance quotes for used vehicles.Many insurance agencies as well as agents normally charge a nominal fee for giving the auto insurance quotes from different insurance companies.These insurance quotes also depend on many other factors such as, the driving record of the person and the past insurance payment track record.Customers are faced with a lot of options, for choosing a suitable insurance company as well a suitable insurance policy that takes care of their insurance needs.The concept of insurance on used auto vehicles was non-existent earlier but now customers are lucky enough to get such insurance.

1933 words (4.8 pages)
Relience Insurance Essay

Inter-regulatory committee set up to fix norms on insurance firms Paving the way for guidelines for listing by insurance companies, the Insurance Regulatory and Development Authority (IRDA) has set up a committee to finalize the norms.In late 1999, the government of India allowed the opening up of the insurance sector to private parties by passing the insurance regulatory and development authority (IRDA).foreign companies are also allowed to invest up to 26 percent of equity stake in the insurance sector in the India.At insurance Pandit, we offer a convenient way to compare travel insurance plans offered by reliance insurance company.SOME ONLINE POLICIES PROVIDED BY RELIANCE INSURANCE COMPANY:- CAR INSURANCE: .Insurance act , 1938 and ...

1682 words (4.2 pages)
Importance Of Insurance Sector Economics Essay

(Annual Reports of Insurance Companies, 2001-2005) .. Jubilee life insurance claims to bring global skills to Pakistan.There are five major categories of general insurance motor insurance, fire insurance, marine insurance, health insurance, and last one called miscellaneous insurance.About life insurance life insurance is divided into two major parts individual life insurance and group life insurance.Jubilee life insurance proud to be having leading industries board of directors, and having the ability and experience to give Jubilee life insurance a better future for the people of Pakistan.It clearly shows that the profits of general insurance business have grown much faster than the life insurance business.

1889 words (4.7 pages)
Frauds in Insurance Essay

In 1938, the first comprehensive legislation regarding insurance was introduced with the passing of Insurance Act of 1938 that provided strict State Control over insurance business.The remaining 1/4th of the liability is looked after by associations formed by ship-owners for the purpose (P and I clubs).| Miscellaneous| As per the Insurance Act, all types of general insurance other than fire and marine insurance are covered under miscellaneous insurance.The legislations that deal with insurance business in India are Insurance Act, 1938 and Insurance Regulatory & Development Authority Act (IRDA), 1999. .The potential for growth of insurance industry in India is immense as nearly 80 per cent of Indian population is without life insura...

3509 words (8.8 pages)
Career Development in Insurance Sector Essay

The Insurance Agents and Development Officers community in the country has coloured insurance policy selling with either begging of insurance or forcing for insurance.• Subsectors in Insurance for Career Development • Preparing Career Development Path in Insurance Sector • Challenges & Opportunities for Career Development in Insurance Sector, • FAQs i.e.Skill sets required by the insurance sector are underwriting skills, claim handling skills, operational skills, servicing skills, risk assessment and classification skills, insurance product skills, distribution channel operating skills, coordination skills, IT skills with domain knowledge, insurance accountancy skills, etc.It is more unfortunate that after more than 100 years of comm...

3079 words (7.7 pages)
Types of Life Insurance: Advantages and Disadvantages

Term life insurance is basically a life insurance policy that covers a person if they die during the length of their insurance.Some disadvantages of whole life insurance is that it is costly compared to term insurance, and it is much more complicated than term life insurance (New York State Insurance Department, 2011).The main types are term life insurance, whole life insurance, variable life insurance, and universal life insurance.Some disadvantages are that if you pass away after your term life insurance policy, no benefits are giving to your family, and it doesn’t offer as much protection as other life insurance policies offer (Life Insurance Wiz, 2006).Convertible term insurance means that you are allowed to convert your term insuran...

1819 words (4.5 pages)
Life Insurance in Bangladesh

But still today one can hardly see any new product in the insurance market in Bangladesh Another problems are, low return, traditional marketing, restrictive insurance act, nature of intangibility, inadequate training, lack of advertisement, low quality service, lack of confidence and so on.Insurance Act 2010 and Insurance Development and Regulatory Authority Act 2010 were passed to better regulate the insurance industry and protect customers’ interests.The government has now embarked on a reform programmed in the insurance sector to promote a vibrant insurance sector in our country.After the new insurance act 2010 the insurance sector a remarkable solution of employment problem and also aware the benefits of life insurance.A person call...

3689 words (9.2 pages)
The Concept of Life Insurance and the Overview of Practices in Switzerland and Turkey Essay

Endowment Life Insurance Regarding this type of life insurance, the insurance amount is paid to the insured person’s relatives in case of his/her death before the date agreed on the contract.The premiums of endowment life insurance are generally paid annually but if demanded they can also be paid as a net single premium.A recent survey by life insurers showed that the primary motive for buying life insurance is to provide protection for the family.This type of insurance is divided into two as “pure endowment (capital)” and “income life insurance (annuity)”.Many financial advisers commonly recommend term life insurance until such time that there are enough funds available from savings to cover heirs in which the term life insurance payout...

1636 words (4.1 pages)
Insurance Business in Bangladesh Essay

Peoples Insurance Co. Ltd. Northern Generla Insurance Co. Ltd. Meghna Insurance Company Limited .1.4) Lack of information about the insurance companies: the insurance companies are not delivering their information (regarding company and insurance policy) properly or evenly which is another problem (42.8%) in case of non-popularity of the insurance companies.Jiban Bima Corporation Popular Life Insurance Company Ltd. National Life Insurance Co. Ltd. Progati Life Insurance Limited Rupali Insurance Company Limited Sunflower Life Insurance Co. Ltd. Baira Life Insurance Co. Ltd. Fareast Islami Life Insurance Co. Ltd. Home Land Life Insurance Co. Ltd. Meghna Life Insurance Co. Ltd. Padma Life Insurance Co. Ltd. Prime Insurance Company Limited P...

1942 words (4.9 pages)
Private Health Insurance In Kenya Economics Essay

Previous research studies on insurance have concentrated on documenting the coverage and impact of insurance products, with little empirical evidence on factors affecting the sustainability of different insurance categories in the long term.The study will benefit the members of the public by helping demystify the operation of the insurance business and thereby appreciate the role of private Health insurance as well as challenges facing the Private health insurance sector in Kenya.Public sources include National Hospital Insurance Fund while private sources include private insurance companies such as APA insurance company Kenya limited, UAP Insurance Company limited, Jubilee Insurance Company and Madison Insurance among others .. Health ...

4975 words (12.4 pages)
Principles of Insurance Essay

According to the principle of indemnity, an insurance contract is signed only for getting protection against unpredicted financial losses arising due to future uncertainties.In an insurance contract, the amount of compensations paid is in proportion to the incurred losses.Whatever may be the reason of death (whether a natural death or an unnatural death) the insurer is liable to pay the amount of insurance.Insurance contract is not made for making profit else its sole purpose is to give compensation in case of any damage or loss.Secondly, if one insurance company pays the full compensation then it can recover the proportionate contribution from the other insurance company.

1272 words (3.2 pages)
Insurance Policies Essay

The company needs to maintain the standards of their clients in order to obtain higher profits; hence, they provide lower cost premiums for those who have clean records or those that are less likely to cause insurance compensation, while those individuals that are evidently predisposed at any possible insurance usage, such as sick individuals, possesses traffic violations, etc.It is therefore essential to obtain the best possible insurance plan in order to maximize the insurance usage.The company firm assesses the individual’s previous records as well as the person’s response to various questions in relation to the filed insurance request; hence, it is essential to obtain knowledge on those factors that may affect the downsizing of insur...

1294 words (3.2 pages)
Prospects of Insurance | Insurance Business Analysis

Capital requirements: for life insurance company – Tk 75 million, of which 40% shall be subscribed by the sponsors; for mutual life insurance company – Tk 10 million; for general insurance company – Tk 150 million, of which 40% shall be subscribed by the sponsors; and for cooperative insurance society – Tk 10 million for life and Tk 20 million for general.These people/clients are likely to have better information about the quality of services provided by both public and private insurance companies and their inclination to select private insurance companies suggests, implicitly, that the quality of service is better at these private firms even though their (private insurance companies) service cost is somewhat higher.Deposit requirements ...

4840 words (12.1 pages)
six main principles in the property insurance

However, the case Leyland Shipping Co. Ltd v. Norwich Union Fire Insurance Society Ltd (1918) changed this theory.In property insurance, there are six main principles that govern a contract of insurance.Under property insurance, the policyholder can recover only the amount of the value of the property.The principle of indemnity is closely related to both the requirements of an insurable interest; an insured can only be indemnified to the extent of his insurable interest and insurance is not gambling; the insured doesn’t win or lose.An overlap is quite common when there is home insurance overlapping with travel insurance, since certain items of property are insured under household insurance as well as insured whilst the policyholder trave...

2865 words (7.2 pages)
The Importance Of Travel Insurance Commerce Essay

This involves specialized types of insurance like boiler insurance, home insurance, earthquake insurance, flood insurance or fire insurance.The trade or credit insurance is a risk management product and insurance policy which covers a payment risk that results from the delivery of services or goods.As you receive property insurance, the limit for coverage is the maximum quantity the company of property insurance will pay out in the instance of property loss.Credit insurance is a phrase utilized to define both consumer credit insurance as well as business credit insurance, that is, credit unemployment insurance, credit disability insurance and credit life insurance.The beneficiaries of the life insurance policy could utilize the proceeds ...

2529 words (6.3 pages)
Development of Regulatory Mechanism

In the year 2005, General Insurance Companies and other stake holders in the insurance market voiced the demand for removal of tariff as the existence of tariff was considered contrary to free market principles and insurance products needed to be priced based on market forces.Although guidelines framed by the regulator are useful, few insurance companies feel it is not due to which IRDA should also take the consent of the insurance companies for sharing their ideas on the guidelines, then note it down and if the regulator feels it is valid, then adapt that guideline.Ever since IRDA came into existence and started regulating the insurance industry, there were many changes which were brought in the insurance industry which immensely helped...

3783 words (9.5 pages)
Background and overview of Marine Insurance Market Essay

The AON marine insurance market review 2008 observes that the cargo insurance sector accounts for the largest insurance market within the marine insurance industry.As the AON marine insurance market review 2008 claims “Making insurance documents readily accessible anywhere in the world is vital in this evolving global market, so that we believe the time is now right for the marine market to embrace electronic trading.Hull Insurance When the insurance covers the ship it is called hull insurance.This type of insurance refers to the insurance coverage for ship repairers, boat dealers, and cabin crew.Marine Insurance – the way ahead In light of the changes taking place in the global economic conditions and emerging market trends in the marin...

1489 words (3.7 pages)
Insurance Business in Bangladesh

The surveyors are mainly responsible for surveying and assessing general insurance losses and occasionally, for valuation of insurance properties, while the agents work to procure both life and general insurance business against commission.Insurers of the country now conduct almost all types of general and life insurance, except crop insurance and export credit guarantee insurance, which are available only with the Sadharan Bima Corporation.Through the Insurance (Amendment) Ordinance 1984 and Insurance Corporations (Amendment) Ordinance 1984, the government allowed operation of insurance companies in the private sector.Bangladesh General Insurance Company Ltd (BGIC) the first ever general insurance company in Bangladesh to come up in the...

5304 words (13.3 pages)
Primary Benefits Of Life Insurance Business Essay

This “someone else” in insurance industry can be directly related to an agent or so-called insurance planner of XYZ company while choosing Insurance.Group term life insurance provides lot of benefits but it cannot be solely relied to meet one’s insurance needs.In group insurance you have the facility of converting your policy to another which is not available with other insurance policies.Therefore, all the life insurance companies in India have to comply with strict regulations laid out by the mentioned acts, irrespective of whether they are state-owned (LIC) or private (Bajaj Allianz Life Insurance Company, HDFC Standard Life Insurance Company Ltd, ICICI Prudential Life Insurance etc.).This fact is difficult to digest and consequently ...

2085 words (5.2 pages)
Insurance as a Tool of Risk Management

It should not be dealt with in a mechanical and routine manner.” In the case of Life Insurance Corporation v. Anuradha, the court observed that Life Insurance Corporation is a social welfare institution and it should think of devising a policy available in insurgency afflicted regions which would take care of the assured and his family members in such areas.iv) Whether the repudiation of claim by Life Insurance Corporation was valid under Section 45 of the Insurance Act, 1938?The Kerala High Court referred to Mithoolal Nayak v. Life Insurance Corporation of India as well as Life Insurance Corporation v. Asha Goel case.The insurance contract is a contract ubberrima fide and therefore if the assured has not disclosed all the material facts...

5218 words (13.0 pages)
Health Insurance In India A Closer View Economics Essay

Free treatment to employees by “Employers State Insurance Scheme”, private hospitals providing treatment at membership costs, no concrete database and mortality rates are hindrance to the growth of health insurance in India (Growth of Health Insurance Unsatisfactory, 2004).The effect of underdeveloped infrastructure is that the employer based insurance and community based insurance outweighs private insurance by 5%, which means people who actively want insurance are willing to take it only when provided conveniently (Priyadarshi, 2009).However, in the last couple of years, health insurance has emerged as one of the most promising growth segment with increase in not only number and variety of products but also in the number of insurance c...

4746 words (11.9 pages)
Pros and Cons of Insurance Policies: an Exploratory Study

With only a few known exceptions, life insurance companies that have become insolvent over the past thirty years have been financially marginal, low rated, stock insurance companies operating on a regional basis.There are only two highly rated carriers licensed in all 50 states that have experienced severe financial difficulty, Executive Life Insurance Company (ELIC) and Mutual Benefit Life Insurance Company (unrelated to Mutual Benefits Corporation, a failed life settlement provider In 1991, as the recession deepened and the real estate market softened, Mutual was left with too many nonperforming loans that lead to bankruptcy.You can have your satisfaction with your money by knowing the risks and the benefits on applying in those said i...

1691 words (4.2 pages)
Millennial Generation

There are various alternatives of insurance for consumers to choose which insurance policy is suitable for them but the terms and cover of most of the insurance is standardized (Järvinen, 1998).Basically, there are three types of insurance industry in Malaysia which included life insurance industry, general insurance industry and Takaful insurance industry (Aini & Tee, 2003).The beginning of insurance launched in Malaysia can be traced to 18th and 19th centuries which transformed from the agency houses that acted as representative of insurance companies in United Kingdom.During that period, Bank Negara Malaysia has allowed some of the insurance companies to establish Malaysia first interactive insurance website which enabled insured ...

4786 words (12.0 pages)
Education Policy In Bangladesh Essay

Industrial All Risk Insurance including Machinery Insurance and Business Interruption Property All Risk Insurance including Business Interruption .Insurance Cover is given under Group Insurance concept.Delta Life Insurance Co. Ltd. established mainly through the initiative of a group of Bangladeshi professionals then working abroad along with a few enthusiastic local entrepreneurs, started its operation in December, 1986 after the Government of Bangladesh allowed the private sector to operate in the insurance sector in 1984 to carry on the business of insurance in the Private Sector.Group Insurance is an instrument for providing life insurance coverage (protection) to a number of individuals under a single contract (policy) who are as...

3908 words (9.8 pages)
All About Home Insurance Business Essay

In case of life segment meant of insurance, LIC had a dominant role, while in non – life business segment, New India, United India, National and Oriental General Insurance Corporation were having monopoly.The market for insurance services previously was monopolistic while the market place was regulated and insurance companies were expected to receive assured spreads over their costs of funds and systematic demand for their products.Home Insurance or Householder’s Insurance as is commonly referred to is a type of Property Insurance that covers Private Homes.Home insurance policies are offered by general insurance companies to cover your home against risks from natural calamities such as fire, floods, earthquakes, or landslides.The Key Det...

3598 words (9.0 pages)
Determine The Motivation Factors Tourism Essay

Yet, followed by the enactment of Insurance Act 1996 which started into force on 1st January 1997, all the insurance companies are converted to public company which licensed by the Ministry of Finance under the Companies Act 1965 (Bank Negara Malaysia [BNM], 2005).According to Cravens, Ingram, LaForge and Young (2010) giving a right tool of training and development can motivate insurance agents more successful in selling life insurance products.To through this research, the insurance companies will know the importance of the insurance agents’ job satisfaction and knowing the level of job satisfaction of insurance agents.Insurance companies will get to know more about the motivation factors that influence the insurance agents’ job satisfa...

1219 words (3.0 pages)
Insurance Company Broker Analysis

Once the insurance company have investigated the claim fully and have checked the insured’s policy to make sure that there is no flaws in the contract, the assessor will then contact the insured telling them the amount of compensation the insurance company are paying them.AXA offer three small business insurance products, office insurance, shop insurance and surgery insurance Standard cover includes the following: .AXA are a major leading insurance company who not only provide great insurance policies and cover, but also play a vital role in the Irish economy providing much need jobs throughout their 50 branches across Ireland .AXA Ireland specialize in motor insurance, home insurance and business insurance Motor insurance.This means th...

2797 words (7.0 pages)
Finanical Statement Analysis Essay

Liability insurance covers such as Motor Third Party Liability Insurance, Workmen’s Compensation Policy etc offer cover against legal liabilities that may arise under the respective statutes— Motor Vehicles Act, The Workmen’s Compensation Act etc.The Company has variety of insurance products to provide insurance cover from bullock carts to satellites.Tamil Nadu Chief Minister, on the launch, handed over first quarterly insurance premium installment of Rs.183.64 crore to Mr. G. Srinivasan, CMD of the United India Insurance.United India Insurance is one of the leading insurance companies in India.Further, insurance of motor vehicles against damages and theft forms a major chunk of non-life insurance business.

1883 words (4.7 pages)
India and UK Financial Insurance Industry Analysis

Barrett and Conlon (2003) concluded from their study that choice of health insurance essentially entailed a simple decision – whether or not to purchase private health insurance.Richard et al (2008) give article of features a presentation and discussant comments on hurricane and wind insurance organized by Richard A., for the American Risk and Insurance Association (ARIA) 2007 Annual Meeting in Quebec City, Quebec, Canada.Due to the growing demand for insurance, more and more insurance companies are now emerging insurance sector all over the world.Headen and Lee (1974) studied the effects of short run financial market behaviour and consumer expectations on purchase of ordinary life insurance and developed structural determinants of life ...

5013 words (12.5 pages)
Agriculture Insurance in India , Problems and Prospectus Essay

IFFCO-Tokio General Insurance (ITGI), the second company in private sector, started piloting rainfall insurance, since 2004.One view is that the private sector will be unable to compete with government insurance, given the subsidies and access to the administrative machinery for delivering insurance.Providing similar help to private sector insurers would help in increasing insurance coverage and in improving viability of the insurance schemes over time.The experience of government supported and subsidized crop insurance and the recent entry of private insurers, raise questions about the co-existence of government and private agriculture insurance.We feel that implementation of market insurance to cover price risk is much easier than yiel...

2234 words (5.6 pages)

Did not find what you were looking for?

We will write for you an essay on any given topic for 3 hours

Order now!
× We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Login with Social Media