...Literature Review The purpose of this study is to get an in depth understanding of the insurance industry to understand what could be the impact of FDI on Indian insurance industry. To strengthen this study and get in-depth understanding of the variables that could impacted due to FDI a review of the past research has been done in this section. An empirical study by (Li, Donghui; Moshirian, Fariborz; Sim, Ah-Boon, 2003) done on the U.S. insurance sector concludes that FDI contributes significantly to the volume of trade. This prompted studies to identify what are the important and significant variables that attract FDI in insurance. There have been many papers published that study the factors that lead to participation of in international insurers in a country’s insurance sector. A study by (Li & Moshirian, 2004) of the US insurance services for the period 1984-1998 tries to identify factors that increases the desirability for FDI in insurance. The major factors that this study identifies are national income, relative cost of capital, relative wage rate, total trade in insurance services, exchange rate volatility, FDI in banking, source country’s insurance market size and the financial development of the host country. Other studies that intend to find determinants that attract foreign participation in insurance market include study by (Ma & Pope, 2003) .The study reveals that major foreign market characteristics that determine international insurers participation...
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...of the four major players in the auto insurance industry, Progressive has long been a major innovator in the advancement of the industry. From its founding in 1937, it has helped to transform the auto insurance industry as we know it today. Its opening introduced the industry's first drive-in claims office. Progressive’s launch of its Safe Driver Plan, revolutionized industry policy standards by adjusting customer’s rates based on their estimated level of risk. This would prove to be the backbone of Progressive’s success, which continues even today. In the early 1990s, Progressive decided to once again flip the industry on its head with the introduction of the Immediate Response Claims Service, making them the first auto insurance group to serve customers at the scene of the accident. Several years later the deployment of Progressive’s marked and outfitted Immediate Response Vehicles (IRV) helped transport trained claims professionals to wherever the customer needed. In an attempt to be there for their customers whenever accidents happen, Progressive also began offering 24/7 customer service by phone. Progressive’s 1-800-AUTO-PRO number, the industry's first toll-free, made it the only company to give consumers a Progressive quote and the rates of up to three other top competitors. With the explosion of the Internet in the 1990s, Progressive once again seized the opportunity to better their customer service; becoming the first insurance group to launch a website, auto-insurance...
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...What Determines Your Premiums For Boat Insurance A boat is a great way to have fun in the summer with friends and family. However, it also comes with responsibilities. You need to maintain your boat, which includes having insurance coverage that will help cover accidents. Here are the factors that go into determining your premiums when purchasing boat insurance. The Kind of Boat There’s various kinds of boats, and each boat will require its own kind of insurance. For example, a fishing boat will require very different insurance than a wakeboarding boat. This is due to each boat having its own level of risk that is associated with it. A person driving that wakeboarding boat will have a greater chance of getting into an accident, while a boat...
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...Vacant property insurance is a very important policy to consider getting if you own a piece of property that you are not currently living in or if you have a rental property that is currently unoccupied. This is because this type of insurance policy can help protect you from some of the risks that can come up when you have a piece of vacant property, such as vandalism. Listed below are three reasons to consider vacant property insurance. A Vacant Property Is At Risk One of the biggest reasons to consider vacant property insurance is that any piece of vacant property is at increased risk of being broken into or vandalized. As a result, it is a good idea to have this type of insurance policy because it means that you can still file a claim...
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...ACKNOWLEDGEMENT We are heartily thankful to our course teacher for Insurance and Risk Management, Mr. Saleh Islam, whose encouragement, guidance and support from the initial stage to the final level enabled us to develop an understanding of the topic and prepare this report. We offer our sincere gratitude and thanks to Mr. Sajedul Hoque, Pincipal Officer, Pragati Life Insurance Ltd for providing us necessary informations and outlines, without which this report could not have been completed. Lastly, we thank all of those who supported us in any respect during the completion of the report. Group: Trust for Life. Date: 2nd May, 2010. 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 countries where bills and death expenses plus catering for after funeral expenses should be included in Policy Premium. In the United States, the predominant form simply specifies a lump sum to be paid on the insured's demise. As with most insurance policies, life insurance is a contract between the insurer and the policy owner whereby a benefit is paid to the designated beneficiaries if an insured...
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...substance with a specific end goal to get benefits, or to make a budgetary benefit. Both people and social insurance suppliers confer medicinal services extortion, in various diverse ways. The laws in regards to social insurance misrepresentation differ by purview, however both state and government laws are set up to diminish and rebuff this wrongdoing. Fraud in medicinal services can expect differing frames. As indicated by the National Health Care Anti-Fraud Association, the most widely recognized is charging for medicinal services benefits that were never rendered, either by adding charges to honest claims, or by utilizing genuine patient names and medical coverage data to create claims. Up coding is the second most normal; third is the ponder arrangement of medicinally superfluous administrations, which incorporate tests, surgeries, and different methods....
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...Research Paper for publication ACCEPTABILITY OF LIFE INSURANCE BY INDIAN CUSTOMERS Submitted by- MS. RUSHINA SINGHI Lecturer Amity Business School, I floor , F-I Block, Amity University Sector-125, Noida, Uttar Pradesh. M. 09999665534 e-mail rushina.singhi@yahoo.co.in MS. MEENAKSHI JAIN Student Amity Business School, I floor , F-I Block, Amity University Sector-125, Noida, Uttar Pradesh ACCEPTABILITY OF LIFE INSURANCE BY INDIAN CUSTOMERS ABSTRACT Insurance constitutes one of the major segments of the financial market. Insurance services play predominant role in the process of financial intermediary. Today insurance industry is one of the most growing sectors in India. There is lot of potential in the Indian Insurance Industry. There are many issues, which require study. The scope of the study of insurance industry of India would be very great as there are ongoing developments in the industry after the opening of the sector. The present study has been undertaken to identify the association between demographics of individual investors and their investment behavior and also analyzing the acceptance of insurance by them. The study was conducted using the survey method (Personal interviews and Telephonic interviews). Data was collected through a structured questionnaire from a sample of 150 respondents from Delhi. Factor and regression analysis and Cross Tabs was used to analyze the data and identify the...
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...While doing my research, I found that being an insurance agent for Farmers Insurance Group would be a very intriguing career field for me. Some of the attributes of a good insurance agent are a willingness to learn, competitiveness, strong communication skills, organizational skills, along with honesty and integrity. I feel that I fit that mold and could be successful in this career field. According to the website www.glassdoor.com, a Farmers Insurance agent’s salary can range between $10,160 to $110, 397 annually. Some of the liabilities I would have in this career field are the loans (which I will address later), the rent payment, utilities, etc. The assets appear to far outweigh the liabilities. I would have to acquire a license to sell...
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...Section 6: Food and Necessities 3,703.5 Weekly food and necessity price: about $66.86 Includes: Water, bread, fruits and vegetables, meats, eggs, cheese, etc. toothpastes, toilet paper, hair and body products, etc. Monthly price: around $396 Section 7: Dining out Bern's Steak House | Total price for 1 visit a month: $65 | Daily Eats-breakfast restaurant | Total price for 4 visits a month: $40 | Eddie and Sam’s Pizza | Total Price for 5 visits a month: $46 | Aguila Sandwich Shop | Total price for 8 visits a month: $30 | Total Price for one month: $181 Section 8: Transportation I already own a car it is a Honda CRV 2005 Monthly cost of gas: $80.00 Maintenance: $100.00 Insurance: $150.00 Total cost: $330.00 Section 9: College Loan Payment Monthly payment is around $300.00 Section 10: Utilities Monthly: Basic (heating, electric, water, garbage): average $150.30 Internet: $47.20 Total cost: $197.50 Section 11: Miscellaneous Purchases Casual and work clothing | Jeans: $39.00T shirts: $20.00Jackets: $40.00Work clothing: as a nurse I wear scrubs so work clothing doesn’t have to be bought | Personal Care: | Haircut: $30.00Nails: $20.00 | Health Insurance: | Health insurance is included with my job | Medicines: | Over the counter: $45.00Prescription: $30.00 | Total cost: $224.00 Section 12: Entertainment Movies: $10.00 a ticket – 3 movies a month= $30.00 Jet ski and boat lessons: $125.00 Scuba diving:...
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...indicates Gigantic Life Insurance is looking to save some cash, but I’m not going to give you the paragraph for your paper. Just give a basic recap of the paragraph in the book. It may be nearly word-for-word. The second and third paragraphs allow you to describe the proposed solutions, procedures, opinions, thoughts, positions, or whatever is required to satisfy the case objectives. Write this paper in the voice the text requests or just as a written response to me. These papers will not be read to the class, nor will they be harshly graded. The purpose of the Case Projects is to engage critical thinking in the realm of the subject and communication of ideas. This is not a writing course, but written communications is important in the IT world. Your final paragraph should include a recap of the objective and solution. Please remember to keep the audience in mind. If your selected topic is a letter to other IT folks, you may use technical jargon without a ton of explanation. However, if you’re to write a user policy for example, you should tone down the tech talk to end-user level. Remember to include AT LEAST one external source in each of your papers. This source may be anything you’d like as long as it has something, anything, to do with the subject and comes from a reputable source. We will be using the MLA standards for our citations. I have included a link to Purdue University’s OWL web site at the bottom of this paper. It’s a great source...
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...An illustration denoting the timeless elegance of created by Mavra Almas, 2005 Suraj Miani Sahib in Multan. Annual Report of Packages Limited 2012 Naqsh School Foundation in of 2003, Arts was established by the Babar Ali with the purpose to revive the traditional arts of miniature, naqashi (the art of arabesques) and calligraphy. Naqsh artists and students have excelled in the art of naqashi, which has been inspired from the rich historical monuments of the Packages Limited the years. We Annual Report Mughal is proud to have been a patron of Naqsh over are happy to dedicate the theme of this year’s to the revival of traditional naqashi, using some of the artworks produced by the A era. On the Naqsh School Cover Page: magnificent display of true arabesque patterns coming to life – Jahangir’s tomb Afshan Ijaz, n.d. a masterpiece inspired by created by in Lahore. of Arts. Ottoman Majesty The strikingly intricate beauty of a 16th century ceiling artwork. the mausoleum of Shah Rukn-e-Alam in Multan. A spectacularly intricate painting depicting Created 2 by Sadia Jamil, 2012 Annual Report of Packages Limited 2012 Contents 04 Company Profile 06 Company Information 08 Organogram 10 Business Divisions 21 Entity Rating Governance 22 24 26 30 31 Board of Directors Management Committees Vision, Mission...
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...1. Original RC book, Original DL,Original Insurance, Original Pollution certifacte and Xerox copies of them 2. Form 28 Steps 1 First, visit the Traffic Control Room in Lakdi-ka-pul (it is to left of main road, just before “West-side” signal). Take your original RC card. Go to counter no. 2 (outside the office) and produce an application (write in plain paper, saying u are so and so, from so and so…asking for NOC…to transfer bike to blore). After getting signature on the application, take it to the guy in the 2nd floor in the office. He will prepare one more receipt and verify if your vehicle has any records. Take the same receipt to the earlier counter no. 2 and get the final receipt from counter no. 1. No need to pay here. (Yeah it’s a crazy process, but it is how it is) 2 Next, go to the Police Commissioner Office of Cyberabad (located next to Lakdi-ka-pul bus-stop) and pay Rs. 100/- to obtain the “user charge” receipt for the NOC. This should be a fairly simple process if the Commissioner is in office!!! I actually paid this “user charge” in e-seva after the advice from the Police Commissioner (Hyd) officials and found it was wrong! 3 Take the above 2 receipts to Madhapur police station and ask for NOC application. You need to take Xerox of Driver’s license and RC card. Incase a senior police officer is not in office, this process might take a day or two. 4 Now, you need to take the application given by Madhapur police station again back to the Commissioner...
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...1. Original RC book, Original DL,Original Insurance, Original Pollution certifacte and Xerox copies of them 2. Form 28 Steps 1 First, visit the Traffic Control Room in Lakdi-ka-pul (it is to left of main road, just before “West-side” signal). Take your original RC card. Go to counter no. 2 (outside the office) and produce an application (write in plain paper, saying u are so and so, from so and so…asking for NOC…to transfer bike to blore). After getting signature on the application, take it to the guy in the 2nd floor in the office. He will prepare one more receipt and verify if your vehicle has any records. Take the same receipt to the earlier counter no. 2 and get the final receipt from counter no. 1. No need to pay here. (Yeah it’s a crazy process, but it is how it is) 2 Next, go to the Police Commissioner Office of Cyberabad (located next to Lakdi-ka-pul bus-stop) and pay Rs. 100/- to obtain the “user charge” receipt for the NOC. This should be a fairly simple process if the Commissioner is in office!!! I actually paid this “user charge” in e-seva after the advice from the Police Commissioner (Hyd) officials and found it was wrong! 3 Take the above 2 receipts to Madhapur police station and ask for NOC application. You need to take Xerox of Driver’s license and RC card. Incase a senior police officer is not in office, this process might take a day or two. 4 Now, you need to take the application given by Madhapur police station again back to the Commissioner...
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...priority is to track and store existing employee data. For an organisation to move forward, to be able to report on staff accurately and if needed to validate the value of teams or certain job roles, Human resources must have a good understanding of the data and also have a suitable system to secure the data. Management at the highest level require data collected by HR departments as the data would be essential to their planning the future direction of the organisation and make them aware of any number of significant issues such as employee retention and enable them to pursue a solution. HMRC can request copies of records collected by HR to ensure that employees are being treated fairly and are contributing the correct taxes and National Insurance contributions. They can request other information such as working hours and if they are being paid the National Minimum Wage or to prevent exploitation. HR data can also be used to record employee performance and hence if the employee is dismissed and seeks compensation they can be used as a point of...
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...ORGANIZATIONAL DEVELOPMENT AND BEHAVIORAL FACTORS Mgmt 605-M02 Mondays 6:00-8:10 p.m. DESCRIPTION This course links the classical management process to the analysis of human behavior. How do people think, analyze a situation, and how they behave. The practicing manager should gain theoretical knowledge on which to base experience and/or intuition when making decisions or solving problems involving the human dimension in the organization. In this course you are going to learn a series of models: 1) The individual—to help you understand, predict, and modify an individual’s behavior. 2) Perception of people—how such perception differs from other perceptions aspects and its importance 3) Functions of the managerial brain—how it works, makes decisions, solves problems, creates ideas 3) Dimensions of communications—to enable you to understand the basics of transmittal of knowledge 2) Two person interactions—so that you can understand conflict, leadership behavior, negotiations. 3) Small group functions,--so that you can understand when and why they are strong and get results and when they are weak and become failures 4) The large organization—so that you can utilize their strengths in marshalling human resources to get the work out and how they can adapt to changing times. If you have any problems with this course, doing the work or meeting standards, speak to your instructor before you receive failing grades or other unpleasant consequences. When you discuss...
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