BUSINESS STUDIES

PROJECT REPORT ON

GENERAL INSURANCE
SUBMITTED BY:

LAKSH JALAN
KRISHNA BANSAL
MRIGAKSHI TALUKDAR
PREENA GOYAL
PRATHAM RAJGARIA

CLASS: XIF(COMMERCE)
 INTRODUCTION

General insurance or non-life insurance

policy, including automobile and
homeowners policies, provide payments
depending on the loss from a particular
financial event. General insurance is typically
defined as any insurance that is not
determined to be life insurance.
The Insurance Regulatory and Development
Authority of India (IRDAI) is a regulatory body

It is tasked with regulating and licensing

It was constituted by the Insurance Regulatory and

Development Authority Act, 1999
APOLLO MUNICH CHOLA MS

HDFC ERGO RELIANCE

IFFCO TOKIO TATA AIG

FUTURE GENERALI BAJAJ ALLIANZ

ICICI LOMBARD NATIONAL INSURANCE

Benefits of Health Insurance
● Covers ambulatory patient services. ...
● Offers funding for hospitalisation. ...
● Ensures access to preventive care. ...
● Funds dental treatment. ...
● Gives specialised coverage for critical illnesses. ...
● Offers a cashless claim benefit. ...
● Ensures funding for alternative treatment. ...
● Provides for domiciliary treatment.
TRAVEL INSURANCE
 PRODUCTS

HOME INSURANCE

Available from 1 to 10 years

Coverage for building and contents
Flexible coverage for home content
Optional cover for valuable content
Optional cover for personal accident
CAR INSURANCE

Compulsory third party liability with personal accident cover

Multiple covers with additional premiums
Legal liability for paid drivers and employees
Nil depreciation
Return to invoice
TRAVEL INSURANCE

Covers upto $500,000

Comprehensive coverage
Worldwide protection
24/7 Assistance
Easy Claim settlement
HEALTH INSURANCE PRODUCTS

Individual Insurance Policy

Family Floater Plan

Group Mediclaim Insurance

Financial help
Radiosis uncertainty of business losses
It improves efficiency
Indemnification
Grant of credit facilities
Continuous business
Employees security
FACTORS AFFECTING INSURANCE PREMIUM

Your Age

Type of Coverage

Amount of Coverage

Personal Information

Actuarial tables
CLAIM SETTLEMENT PROCEDURE
TERMINOLOGIES

PREMIUM

FACE VALUE

MARKET VALUE

MATURITY VALUE

SURRENDER VALUE
 CAREERS

CLAIM ADJUSTER

INSURANCE SALES AGENT

INSURANCE TECHNICIAN

INSURANCE BROKER

RISK SURVEYOR
 INTERESTING CASES

SAURASHTRA CHEMICALS v NATIONAL INSURANCE

COMPANY

NEW INDIA ASSURANCE CO. LTD. v PARESH MOHANLAL

PARMAR
 Double Indemnity
Directed by: Billy Wilder
About it: Phyllis Dietrichson Hates her
husband. She really doesn't like him and
enlists the services of Walter Neff, the top
salesman at the pacific All Risk Insurance
Co. , to help carry out the perfect crime.
 Death Of Salesman
Directed by: Volker Schlondorff
About it: The Arthur Miller play comes to life
in this made-for-TV version, also pinned by
miler. It's the classic tale of Willy Loman a
travelling insurance salesman who is slowly
losing his mind and his will to live
 Fletch
Directed by: Michael Ritchie
About it: Los Angeles journalist, Irwin Fletch is
working in disguise as a bum on the beach to
investigate a drug ring. One day he's
approached and asked to kill a man for the sum
of $50,000 so the rich guy's wife can get the
insurance money