Welcome to Scribd. Sign in or start your free trial to enjoy unlimited e-books, audiobooks & documents.Find out more
Download
Standard view
Full view
of .
Look up keyword
Like this
12Activity
0 of .
Results for:
No results containing your search query
P. 1
INSURANCE

INSURANCE

Ratings: (0)|Views: 763|Likes:
Published by vponmani

More info:

Published by: vponmani on Mar 01, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PPTX, PDF, TXT or read online from Scribd
See more
See less

08/06/2013

pdf

text

original

 
LIFE INSURANCEINDUSTRY IN INDIA
PRESENTED BY,F.MOHAMMEDSHARFUDEEN,V.PONMANI,A.RAJALAKSHMI,K.SATHISH ADITHYA,U.SUDALAI MUTHU,G.VENKARESAN.
 
INSURANCE INDUSTRY
Insurance sector in India is one of the boomingsectors of the economy and is growing at therate of 15-20 per cent annum.
It contributes to about 7 per cent to the country'sGDP.
The origin of life insurance in India can be tracedback to 1818 with the establishment of theOriental Life Insurance Company in Calcutta.
In those days a higher premium was charged for Indian lives than the non-Indian lives as Indianlives were considered riskier for coverage.
 
CONTD...............
The Bombay Mutual Life Insurance Society thatstarted its business in 1870 was the first company tocharge same premium for both Indian and non-Indian lives.
INSURANCE:
v
Life insurance is a contract between the policyowner and the insurer.
v
where the insurer agrees to pay a designatedbeneficiary a sum of money upon the occurrence of the insured individual's or death.
v
In return, the policy owner agrees to pay a stipulatedamount (at regular intervals or in lump sums)

Activity (12)

You've already reviewed this. Edit your review.
1 hundred reads
1 thousand reads
Sachin Kumar liked this
Priyanka Tiwari liked this
poojatolani3667 liked this
Bhuvnesh Prakash liked this
Suzana Princy liked this
Suzana Princy liked this
chandamatlani liked this
chandamatlani liked this

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->