FUNDAMENTALS OF LIFE INSURANCE THEORIES AND APPLICATIONS PDF Download
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Author: KANINIKA MISHR
Publisher: PHI Learning Pvt. Ltd.
ISBN: 8120352661
Category : Business & Economics
Languages : en
Pages : 212
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Book Description
Human life, in all its manifestations, has immeasurable social and economic value. Since ancient times, human beings have tried to put in place systems to sustain and flourish in the face of adversity. In modern times, life insurance is one such financial arrangement that provides social and economic security to individuals and to the communities. Awareness of the basic features and categories of insurance is important in today’s life insurance market where all companies are offering a number of innovative products with multiple features. Divided into three parts, this book incorporates the basics of life insurance, risk management, and health and micro-insurance, in detail. Part I (Concepts, Principles and Processes) systematically defines life insurance, its legal contract and characteristics, marketing and distribution processes involved, and the future trends. Part II (Risk Management, Underwriting, Reinsurance and Claims) explicates the importance of risk management, the process of underwriting, and the types and concepts of reinsurance and claims. Part III (Employee Benefits, Pensions, Annuities, Micro-insurance and Health Insurance) covers allied topics, such as pension products, micro-insurance and health insurance which are increasingly becoming important for the industry for both the social and commercial perspectives.
Author: KANINIKA MISHR
Publisher: PHI Learning Pvt. Ltd.
ISBN: 8120352661
Category : Business & Economics
Languages : en
Pages : 212
Get Book Here
Book Description
Human life, in all its manifestations, has immeasurable social and economic value. Since ancient times, human beings have tried to put in place systems to sustain and flourish in the face of adversity. In modern times, life insurance is one such financial arrangement that provides social and economic security to individuals and to the communities. Awareness of the basic features and categories of insurance is important in today’s life insurance market where all companies are offering a number of innovative products with multiple features. Divided into three parts, this book incorporates the basics of life insurance, risk management, and health and micro-insurance, in detail. Part I (Concepts, Principles and Processes) systematically defines life insurance, its legal contract and characteristics, marketing and distribution processes involved, and the future trends. Part II (Risk Management, Underwriting, Reinsurance and Claims) explicates the importance of risk management, the process of underwriting, and the types and concepts of reinsurance and claims. Part III (Employee Benefits, Pensions, Annuities, Micro-insurance and Health Insurance) covers allied topics, such as pension products, micro-insurance and health insurance which are increasingly becoming important for the industry for both the social and commercial perspectives.
Author: Griffin M. Lovelace
Publisher:
ISBN:
Category : Life insurance
Languages : en
Pages : 278
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Book Description
Author: Hargovind Dayal
Publisher: Notion Press
ISBN: 1947949683
Category : Business & Economics
Languages : en
Pages : 219
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Book Description
Insurance is perhaps the most effective device for managing ‘risk,’ which is a pervasive phenomenon in our lives. We can sometimes avoid or reduce it but never entirely eliminate it. Whether you are a Graduate student who is studying insurance as a part of your curriculum, or an Executive managing your Organization’s Insurance and Risk Management Program this book will provide you with a strong conceptual foundation, comprehensive knowledge of non-life and life insurance products, and perspectives on how insurance functions as a part of the economy. Essentially, you will understand ‘why’ it is needed, ‘what’ solutions it provides, and ‘how’ different business processes and professionals work together to deliver the vital compensation to victims of disasters. Organized in 18 chapters that are comprehensive yet brief, it continuously relates facts to theories, concepts to processes, events to their context, and the rule-of-thumb to underlying basic principles. Thus, insurance will be demystified, and you will be empowered to decode ‘insurance speak.’
Author: Griffin M. Lovelace
Publisher:
ISBN:
Category :
Languages : en
Pages : 345
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Book Description
Author: Jarvis Fleegle
Publisher:
ISBN:
Category :
Languages : en
Pages : 30
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Book Description
Life insurance is a contract between you and an insurance company to provide you with coverage based upon your timely payment of premiums. Life insurance provides a death benefit to your named beneficiary (usually a spouse) upon your death. When you pass away, your beneficiary files a claim with the insurance company to submit proof (a death certificate) of your passing. If there is an agent who usually works with your family, your beneficiary can contact the agent who will help him or her complete the necessary paperwork. Or, your beneficiary can contact the insurance company directly and a claims representative will instruct him or her on what to do. After the insurance company receives all the documents, then your beneficiary will be issued the death benefit payout. When you buy life insurance, you enter a contract with an insurance company that promises to provide your beneficiaries with a certain amount of money upon your death. In return, you make periodic payments, called premiums. There are many things to consider when it comes to getting a life insurance policy that can help protect your family's future financial needs. In this book, the author will take you through every single aspect of life insurance
Author: William Breiby
Publisher:
ISBN:
Category : Life insurance
Languages : en
Pages : 192
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Book Description
Author: American College of Life Underwriters
Publisher:
ISBN:
Category : Life insurance
Languages : en
Pages : 58
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Book Description
Author:
Publisher:
ISBN: 9780471019381
Category : Life insurance
Languages : en
Pages : 303
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Book Description
Author: Kirk G Meyer
Publisher: CreateSpace
ISBN: 9781497360723
Category : Business & Economics
Languages : en
Pages : 68
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Book Description
There are two main types of life insurance with several variations of each type. Life insurance can be classified as a term or permanent policy. At least that is the simplified explanation of the two types of life insurance commonly offered. The most common life insurance policies can be placed into the following categories: term, whole life, universal life, variable life, and variable universal life. Each one of these insurance policies has a place in one's life and at different times in someone's life, they may have need of one or a combination of these types of insurance products. Depending on your circumstances, you may or may not even have a need for life insurance. Everyone's situation is different and therefor the need for life insurance will vary dramatically from individual to individual and from family to family. In order for life insurance to be effective and useful there are many things that need to be considered when buying a policy. In The Basics of Life Insurance we will examine the difference between term and permanent life insurance, the differences between the various types of permanent insurance, and what products are right for those seeking life insurance. This is booklet is a good dtarting point for those who have general questions about life insurance. Buy your copy today.
Author: Rameshwar Kumar
Publisher: Independently Published
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Life insurance is a financial tool that provides protection and financial security to individuals and their loved ones in the event of the policyholder's death. It is designed to offer peace of mind by ensuring that dependents are taken care of financially, even when the policyholder is no longer there to provide for them. One of the key features of life insurance is the death benefit. This is the amount of money that is paid out to the beneficiaries named in the policy upon the death of the insured person. The death benefit can be used to cover various expenses, such as funeral costs, outstanding debts, mortgage payments, and daily living expenses. There are different types of life insurance policies available, with the two main categories being term life insurance and permanent life insurance. Term life insurance provides coverage for a specific period, typically ranging from 10 to 30 years. If the policyholder passes away during the term, the death benefit is paid out to the beneficiaries. However, if the policy expires and the insured person is still alive, there is no payout. Permanent life insurance, on the other hand, provides coverage for the entire lifetime of the insured person, as long as the premiums are paid. This type of policy also includes a savings component known as cash value. The cash value grows over time and can be accessed by the policyholder during their lifetime through loans or withdrawals. When considering life insurance, it is essential to determine the appropriate coverage amount. This depends on various factors, including the policyholder's income, financial obligations, and the needs of their dependents. It is recommended to evaluate existing debts, future expenses (such as college tuition), and ongoing living costs to determine an adequate coverage amount. To obtain life insurance, an individual typically needs to go through an application process that involves providing personal and medical information. The insurance company assesses the applicant's risk profile based on factors such as age, health, lifestyle, and occupation. The insurer then determines the premium, which is the amount the policyholder pays periodically to keep the policy in force.
