(ii) Insurance provides protection: The main function of the insurance is to provide protection against the probable chances of loss. It provides risk coverage against expenditure which is caused by unforeseen medical emergencies. Small Business Insurance: What Agents Want You to Know, Dyman & Associates Insurance Group of Companies - Every business should be insured, but as a first-time business owner, you may find it hard to navigate through the maze of plans and providers. Well-crafted template with instant download facility. The persons who are importing the goods will like to ensure the safe arrival of their goods. World's Best PowerPoint Templates - CrystalGraphics offers more PowerPoint templates than anyone else in the world, with over 4 million to choose from. They'll give your presentations a professional, memorable appearance - the kind of sophisticated look that today's audiences expect. Now customize the name of a clipboard to store your clips. If this is the case for you, there are a couple of things you can do to ease the financial burden, and one thing you mustn’t do: | PowerPoint PPT presentation | free to view are inevitable and could leave … If car insurance is renewed within 90 days of car insurance expiry, then the NCB remains intact. Car insurance PowerPoint template and keynote is a professional design for a detail and exclusive presentation on the benefit of general insurance. different insurance companies that offer wide range of insurance options and an insurance 1/10/2018 Mitigation of Impediments Insurer Designing a less complex products Transparency in the product features Clarity in policy terms, conditions & exclusions — Efficient back-office support for underwriting and claims processing Higher Reinsurance Need for quicker services. If you compare, the same premium that you pay at your 30s will cost you double in your 50s. How Covid-19 Might Affect Your Auto Insurance - As with some other types of insurance, Covid-19 won’t necessarily have an impact upon your auto policy, but you might find yourself struggling to keep up with the payments. Explain the The life insurance and general insurance differ in the way that life insurance covers the life risk, whereas general insurance does not cover the risk of life. Presented By:Ria John (10090)Rini Thomas(10091) 2. different insurers offer diverse premium options. See our Privacy Policy and User Agreement for details. occurrence of a specific event. Deductibles ... – A free PowerPoint PPT presentation (displayed as a Flash slide show) on PowerShow.com - id: 4a564-ZDc1Z The insurance guarantees the payment of loss and thus protects the assured from sufferings. Features 1: Term Life Insurance. insurance exceeding 5% of total health expenditures. The shipping company wants the safety of the […] Warranties. Value of Risk. General Insurance 1. pus on dies while the contract is in force, the insurance company pays a specified sum of money to the person on persons you name as beneficiaries. Explain the purpose and basic characteristics of life insurance. Insurable interest. the deductible), and the insurer pays the rest. 1.3 FEATURES OF FIRE INSURANCE: (Dear learner, most of the features to be discussed in the following paragraphs of Fire Insurance you must have studied under Principles of General Insurance in other module) 1) Offer & Acceptance : It is a prerequisite to any contract. Payment at Contingency. Characteristics of Insurance:- Co-operative Device. When preparing a business plan for your insurance company, we know how important it is to find a presentation that makes you feel confident and covers any potential problem that may arise. Preamble Days of grace Entire contract clause Misstatement of Age clause Reinstatement clause Suicide clause 10. Slide contained in 16:9 and 4:3 format. 11. exposed to it. There are many dangers during the transhipment. Premiums are periodical payment and Regulatory Environment – Specific Legislations Warranties are an integral part of the contract, i.e., these are the basis of the contract … In spite of rising costs of medical treatments and increasing awareness about buying health insurance, people are still unaware of what makes a health insurance policy a winner. LIC Bima Shree Policy: Features. Meaning of Insurance: If one goes by the word meaning insurance is a contract between two parties whereby the insurer agrees to indemnify the insured […] The time and amount of loss are uncertain and at the happening of risk, the person will suffer loss in absence of insurance. These principles are known as the fundamental principles of the law of Insurance and these are discussed in the following chapters. Functions. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. PPT - Indian Financial System Financial System Financial system is an interaction of various intermediaries, market instruments, policy makers, and various regulations to aid the flow of savings from savers to investors and managing the proper functioning of the system. individual, company or other entity in the case of unexpected loss. Private insurance tends to play a different role depending on a country's wealth and institutional development. Looks like you’ve clipped this slide to already. 4. Insurance is in reality a protective cover against economic loss, by apportioning the risk with others. Features of Insurance. LIC's Accidental Death and Disability Benefit Rider and LIC's New Critical Illness Benefit Rider. Insurance premium is termed as contribution on the part of insured in fire insurance contract. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Contract Of Indemnity. Term life insurance provides benefits to a named beneficiary for a specific term from the initiation of the policy. Life insurance ppt 1. ADVERTISEMENTS: After reading this article you will learn about:- 1. The time and amount of loss are uncertain and at the happening of risk, the person will suffer loss in absence of insurance. Easy to Get Insurance. GENERAL INSURANCE Live worry-free! 3. INSURANCE ACT. At the end of the term, if the insured is alive, the policy ends and no longer offers benefits. Insurer under fire insurance contract compensates when some contingency occurs resulting in losses and damages. Our tools and calculators can help you see where the gaps might be. ... Can be used for term or permanent life insurance. Functions. 4. Ghosh and Agarwal required by law, while others are optional. Elements of Insurance Contracts are basically 2 types; (1) the elements of the general contract, and (2) the element of special contract relating to insurance. In exchange for payments from the insured the premium to be paid. purchaser can select as per own convenience and preference. Insurance Classroom teaching, PPT’s 5. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Nature 4. Car Insurance PowerPoint Template & Keynote Presentation. Features of these PowerPoint presentation slides: Presenting this set of slides with name four arrows for types of insurance ppt PowerPoint presentation layouts design inspiration pdf. Insurance Plan Presentation Free Google Slides theme and PowerPoint template. For different kinds of an insurance policy; suitable and conditions are added which are called insurance contract clauses. Yet, now with the coming of GST, they have become quite progressive. 3. They'll give your presentations a professional, memorable appearance - the kind of sophisticated look that today's audiences expect. See our User Agreement and Privacy Policy. Insurance Policy Management Software - Advanced Features - The advanced features of the insurance policy management software have modernized the way insurers manage the policy administration process. (called premiums), the insurer agrees to pay the policy holder a sum of money upon the The Insurance Act of 1938 was the first legislation governing all forms of insurance to provide strict state control over insurance business. Clipping is a handy way to collect important slides you want to go back to later. ADVERTISEMENTS: After reading this article you will learn about:- 1. 1. The insurer ... General Insurance: Property Insurance: Marine Insurance: Fire Insurance: Any sort of 'non-life' insurance policy falls under General Insurance It is also called as property & casualty insurance General Insurance covers property against : Fire Burglary Theft Flood storm Earthquake and so on It also covers Machinery against breakdown Hull of ships Motor vehicles … More. 1. Promote Healthy Living. Main Features of Social Insurance: We can, point out certain well-marked features of social insurance: (1) It involves the establishment of a common monetary fund out of which all the benefits in cash or kind are paid, and which is generally built up of the contribution of the workers, employers and the State. Basic Types 5. A general insurance compensates you for financial loss due to liabilities related to your house, car, bike, health, travel, etc. Purpose:- to safe guard the interest of insured, setting the norms for carrying out the business of insurance smoothly, Minimizing disputes. Insurance cannot arrest the risk from taking place, but can for sure allow for the losses arising with the risk. 4.1 OBJECTIVES At the end of this lesson you will be able to know: z Various principles applicable to life insurance contract. Types of Insurance: Life Insurance: Life insurance is different from other insurance, in that sense, the subject matter of insurance is the life of a human. INSURANCE ENDORSEMENT An insurance endorsement is a change to the insurance policy. In most cases, the policy holder pays part of the loss (called Insurance, only when these are joined with the combination of risk in a group is the Insurance complete. (Table #1). 2. In other words, a promise of compensation for specific potential future losses in exchange for INSURANCE Slides available in different nodes & colors. Ratings Of Insurance Companies In India - Top 5 Companies LIC ICICI Prudential Life Insurance Co Ltd SBI Life Insurance Co Ltd Bajaj Allianz Life Insurance Co Ltd Reliance Life Insurance Co Ltd Market Share (2009) 13.10/0 9.8 Market Share (2008) 8.93% 6.99% 7.36% 2.96% (Source: Insurance review) Dr. Amit Gupta 1 / 1 0/201 8 40 Free Insurance Presentation Template Features Screen size 16:9 This Template is fully editable, and you can modify its colors (mainly Beige,Black,White,) photo and text. The insurance services depend on effective promotional measures. Even with insurance, an individual should still have funds to pay the deductible and co-insurance There are several types of insurance for specific purposes 1.10.1.G1 Health insurance also covers preventive care – i.e., doctors visits and tests before you get sick. ... 1 in 5 households have no life insurance. It is a risk-management technique used for hedging against various uncertain losses. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Liability of Tax – Here the seller or service provider makes payment on indirect taxes which are transferred to final consumer.. Types of Health Insurance. 2: Whole Life Policy. The insurance company promises to pay you a sum assured to cover damages to your vehicle, medical treatments to cure health problems, losses due to … Types of insurance. International trade involves transportation of goods from one country to another country by ships. A Home Insurance Policy protects your valuable and other assets. Payment of Fortuitous Losses. More. Medical Expense Coverage. Insurance Consulting Presentation Free Google Slides theme and PowerPoint template. Features of the Health Insurance PPT templates: 100 % customizable slides and easy to download. Characteristics 7. Easy to change the slide colors quickly. Protection from loss of car or damage to your car. Insurance sector in India:challenges and opportunities, Chapter 01 concepts and principles of insurance, Bad Faith Nov2013 Policyholder View of Defense Counsel Ethical Duties, No public clipboards found for this slide. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. General Insurance. Nature – Initially, indirect taxes used to have a regressive nature. The main function of insurance is that eliminates the uncertainty of an unexpected and sudden financial loss. Accident Insurance After studying this topic the learners would be able to know about the different types of Accidental insurance policies and their distinct features and similarities. This is one of the biggest worries of a business. Indemnities under Personal Accident Insurance 1. IRDA - Insurance Regulatory Development and Authority is the statutory, independent and apex body that governs and supervise the Insurance Industry in India. Fire insurance indemnifies for losses on occurrence of contingency. WHAT IS GENERAL INSURANCE? Looks like you’ve clipped this slide to already. ... – A free PowerPoint PPT presentation (displayed as a Flash slide show) on PowerShow.com - id: 242c1-YTQxZ These policies list a number of perils that are covered by the policy and exclude perils that are not covered. There are Availability of term insurance riders, viz. Check the amazing features of the insurance solution now. Working 8. Common insurance … COLUMBIA, S.C., Nov. 17, 2011 /PRNewswire/ --Purchasing life insurance is one of the most important financial decisions consumers make. Travel insurance applies to different modes of transportation, to ensure a … Another way to state this is to say that “Insurance is a transfer of risk with the added features of (i) combination of risks (ii) an estimate of future losses”. Insurance is a contractual agreement between two parties in which one party promise to protect another party from uncertainties and losses. losses. There are insurance consulting firms that can help you deal with these issues. More. Meaning of Insurance: If one goes by the word meaning insurance is a contract between two parties whereby the insurer agrees to indemnify the insured […] Life Insurance• Life insurance provides a monetary benefit to a descendants family or other designated beneficiary, and may specifically provide for income to an insured persons family, burial, funeral and other final expenses. Definition of Insurance 3. Now customize the name of a clipboard to store your clips. 93% of Fortune 1000 companies use our PowerPoint Products Standing Ovation Award Winner: Best PowerPoint Template Collection Network Solutions protects your online transactions with secure SSL encryption. 3. Like auto insurance covers your car if you get into an accident, health insurance covers you if you get sick or injured. Vehicular insurance is usually counted on when there is an accident concerning a car or another vehicle. Car Shield Key Features . 5. Need 6. This is a four stage process. Agreeing to the terms of an insurance policy creates COLUMBIA, S.C., Nov. 17, 2011 /PRNewswire/ --Purchasing life insurance is one of the most important financial decisions consumers make. Working 8. If you continue browsing the site, you agree to the use of cookies on this website. Yet they often know very little about the features … In this article: Health insurance basics The stages in this process are payment, medicine, life, … PowerPoint Templates > Insurance . The insurance guarantees the payment of loss and thus protects the assured from sufferings. 2] Protection Learn how premiums are calculated and how to manage them. Meaning of Insurance 2. Insurance is a means of protection from any unforeseen losses and contingencies. Chapter 01 concepts and principles of insurance, TYPES OF LIFE INSURANCE POLICIES IN INDIA, No public clipboards found for this slide. At its core, a life insurance policy is a promise: to provide financial protection to your loved ones if you’re not there.The way a policy carries out that promise is defined by a few key features: The death benefit: The amount of money the insurance company will pay when the insured person dies.Typically, this benefit is income-tax free. World's Best PowerPoint Templates - CrystalGraphics offers more PowerPoint templates than anyone else in the world, with over 4 million to choose from. W. Beverideges Definition of Personal Accident Insurance 2. It’s quite difficult to avail health insurance with existing health issues. It includes burglary insurance, credit insurance. Insurance is designed to protect the financial well-being of an Running a business has its difficulties, especially when it comes to protecting yourself from losses and managing liabilities. Contract of ‘Uberrimae fidei’ or Contract of Utmost good faith. Some life insurance policies even offer financial compensation after retirement or a certain period of time. marine, fire and general insurances. Car insurance PowerPoint template and keynote is a professional design for a detail and exclusive presentation on the benefit of general insurance. 2. PowerPoint slide on Health Insurance compiled by Dr. Amit Gupta. Motor vehicle insurance, loss of profit insurance, fidelity insurance etc. The insurance can be used to pay for damages and corresponding repairs. Also, read: Digital Insurance: Insights on Digital Trends in Insurance Industry What is Life Insurance. Instead of this uncertainty, it provides the certainty of regular payment i.e. 3.4 TERMINAL QUESTIONS: 1. Most business property insurance policies are broad form policies.
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