WebCe Group Life Insurance > Summary > STERLING INSURANCE ATI SERVICES IC-38 NEW SYLLLABUS (LIFE) (All)

STERLING INSURANCE ATI SERVICES IC-38 NEW SYLLLABUS (LIFE)

Document Content and Description Below

CONTENTS Chapter no. Title Page no SECTION 1 COMMON CHAPTERS 1 Introduction to Insurance 3 2 Customer Service 8 3 Grievance Redressal Mechanism 13 4 Regulatory aspects of Insurance Agents 17 ... 5 Legal Principle of an Insurance Contract 19 SECTION 2 LIFE INSURANCE 6 What Life Insurance Involves 23 7 Financial Planning 26 8 Life Insurance Products – I 30 9 Life Insurance Products – II 34 10 Applications of Life Insurance 38 11 Pricing and Valuation in Life Insurance 42 12 Documentation – Proposal Stage 48 13 Documentation – Policy Condition - I 52 14 Documentation - Policy Condition - II 56 15 Underwriting 65 16 Payments Under a Life Insurance Policy 71 SECTION 3 HEALTH INSURANCE CHAPTERS 17-21 Health Insurance Chapters 76 MOCK TEST QUESTION PAPERS P a g e | 3 Sterling Insurance ATI Services Chapter – 1 Introduction to Insurance Insurance – in simple language it means to transfer risk to someone who is capable of handling it generally to insurer (Insurance Company). A) Life insurance history and evolution:-  The origin of insurance business started from London‟s Lloyd coffee house.  1st Life insurance company in the world was Amicable society for Perpetual Assurance.  1 st life insurance company to be set up in India was The Oriental Life Insurance company ltd.  1 st Non-life insurance company established in India was Triton Insurance company ltd.  1 st Indian insurance company was Bombay Mutual Assurance society ltd found in 1870 in Mumbai.  National Insurance company ltd. is the oldest insurance company founded in 1906.  In 1912, the Life Insurance Companies Act and the Provident Fund Act were passed to regulate the insurance business.  The Life Insurance Companies Act 1912 made it compulsory that premiumrate tables and periodical valuation of companies be certified by an actuary.  The Insurance Act 1938 was the first legislation enacted to regulate the conduct of insurance companies in India.  Life insurance Business was nationalized on 1st September 1956 by merging 170 insurance companies and 75 Provident Fund societies and Life Insurance corporation of India ( LIC ) was formed.. P a g e | 4 Sterling Insurance ATI Services  Non – Life insurance business was nationalized in 1972 by amalgamating 106 insurers, General Insurance Corporation of India (GIC) & its 4 subsidarieswas formed. Malhotra committee and IRDA : Malhotra committee – setup in 1993 to explore and recommend changes for development & it submitted the report in 1994.  IRDAI – Insurance regulatory and Development Authority of India was setup by an act IRDA Act 1999 as a statutory regulatory body for both life and nonlife Life insurance industry today: a) Life Insurance Corporation (LIC) of India is a public sector company. b) There are 23 life insurance companies in the private sector c) The postal department, under the Government of India, also transacts life insurance business via Postal Life Insurance, but is exempt from the purview of the regulator How Insurance Works: There must be an asset which has economic value (Car-physical; Goodwill-nonphysical; Eye-personal). These assets may lose value due to uncertain event. This chance of loss/damage is known as risk. The cause of risk is known as peril. Persons having similar risks pool (contribute) money (premium) together. There are 2 types of Risk Burdens – Primary burden of risk – losses actually suffered. E.g. Factory getting fire. . Secondary burden of risk – losses that might happen. Eg. physical/mental Stress strain. Risk management techniques: - The various types of techniques that can be used to manage risk are Risk avoidance - Controlling risk by avoiding a loss situation Risk retention - One tries to manage the impact to risk and divides to bear the risk and its effects by oneself. [Show More]

Last updated: 4 months ago

Preview 1 out of 135 pages

Reviews( 0 )

Recommended For You

 *NURSING> Summary > NR 566 / NR566 Advanced Pharmacology for Care of the Family Week 1 Chapter 41 Notes| Hyperthyroidism and Hypothyroidism | Latest 2020 / 2021 | Chamberlain College (All)

preview
NR 566 / NR566 Advanced Pharmacology for Care of the Family Week 1 Chapter 41 Notes| Hyperthyroidism and Hypothyroidism | Latest 2020 / 2021 | Chamberlain College

NR 566 / NR566 Advanced Pharmacology for Care of the Family Week 1 Chapter 41 Notes| Hyperthyroidism and Hypothyroidism | Latest 2020 / 2021 | Chamberlain College Introduction ❖ Thyroid disorders ar...

By nurse_steph , Uploaded: Jan 07, 2021

$6

 Computer Science> Summary > Cours sur le paramétrage d'un switch CISCO (All)

preview
Cours sur le paramétrage d'un switch CISCO

I. SOURCES DE CONFIGURATION : Les commutateurs CISCO peuvent être configurés, simultanément et/ou indépendamment, à partir de plusieurs sources. On peut classer ces différentes sources en deux caté...

By EXCELLENCE NURSING LIBRARY , Uploaded: Dec 29, 2023

$8

 healthcare> Summary > Healthcare transformation a guide for the hospital board member part 10 100% verified study guide 2023 (All)

preview
Healthcare transformation a guide for the hospital board member part 10 100% verified study guide 2023

100% verified study guide 2023 TRANSFORMER Reforming the payment system is not a panacea to improved healthcare; however, it is necessary. The healthcare executive’s approach to payment reform must...

By Istudyguide , Uploaded: Nov 21, 2023

$12.5

 Agricultural Studies> Summary > Fundamentals of Planning Buildings and Facilities of Animal and Poultry production[ARABIC] (All)

preview
Fundamentals of Planning Buildings and Facilities of Animal and Poultry production[ARABIC]

بعد الإنتهاء من المبادىء الأولية فى كل من الرسم الهندسى وخواص المواد وحساب كمياتها والأحمال الناتجة عنها، سنتكلم فيما يلى وحتى نهاية المقرر عن الجزء الثالث والأكبر من المقرر وهو أسس تخطيط المبانى...

By EXCELLENCE NURSING LIBRARY , Uploaded: Nov 17, 2023

$11.5

 *NURSING> Summary > Summary MS2 Nursing Clinical, Week 1 VSIM; V-Sim Carl Shapiro Documentation and Guided Reflection. (All)

preview
Summary MS2 Nursing Clinical, Week 1 VSIM; V-Sim Carl Shapiro Documentation and Guided Reflection.

Summary MS2 Nursing Clinical, Week 1 VSIM; V-Sim Carl Shapiro Documentation and Guided Reflection.

By Rixx Dennis , Uploaded: Feb 01, 2022

$9

 Education> Summary > C841 Task1 Parts A & B Tech Fite Case Study Summary (All)

preview
C841 Task1 Parts A & B Tech Fite Case Study Summary

C841 Task 1 1 TechFite Case Study Matthew J. Tijerina Western Governors University C841 Task 1 2 Table of Contents Introduction 3 A. Application of Law 3 A1. CFAA & ECPA 3 A2. Three Laws/ regu...

By Nutmegs , Uploaded: Sep 13, 2021

$8.5

 BioChemistry> Summary > BIOCHEMISTRY REVIEW MODULE 1 2021 SOLUTIONS (All)

preview
BIOCHEMISTRY REVIEW MODULE 1 2021 SOLUTIONS

DNA1. Located in nucleus 2. Double helix 3. Nucleic acid 4. Adenine/Guanine/Cytosine/Thymine 5. A-T/C-G pairing 6. Duplicates itself and passes on to generation to generation 7. Contains 46 chr...

By Assignment Help , Uploaded: Oct 12, 2022

$15.5

 NURS 6665> Summary > SAUNDERS COMPREHENSIVE NCLEX RN EXAM QUESTION AND ANSWERS (All)

preview
SAUNDERS COMPREHENSIVE NCLEX RN EXAM QUESTION AND ANSWERS

The nurse would anticipate that the health care provider (HCP) would add which medication to the regimen of the client receiving isoniazid?  Pyridoxine 2) A postpartum nurse is caring for a clien...

By TopRankProf , Uploaded: Jun 02, 2023

$25

 *NURSING> Summary > NSG110 AMERICANS RATE NURSES HIGHEST ON HONESTY, ETHICAL STANDARDS (All)

preview
NSG110 AMERICANS RATE NURSES HIGHEST ON HONESTY, ETHICAL STANDARDS

Please read the following articles: 1. http://www.gallup.com/poll/180260/americans-rate-nurses-highest-honesty-ethical-standards.aspx. ; 2. http://www.roymorgan.com/findings/6797-image-of-prof...

By ACADEMICTUTORIAL , Uploaded: Apr 04, 2021

$3

 Marketing> Summary > MKT 301 Assignments Summary (All)

preview
MKT 301 Assignments Summary

MKT 301 Assignments Summary

By ACADEMICTUTORIAL , Uploaded: Nov 29, 2021

$2.5

$21.00

Add to cart

Instant download

Can't find what you want? Try our AI powered Search

OR

GET ASSIGNMENT HELP
19
0

Document information


Connected school, study & course



About the document


Uploaded On

Nov 24, 2023

Number of pages

135

Written in

Seller


seller-icon
EXCELLENCE NURSING LIBRARY

Member since 5 months

0 Documents Sold


Additional information

This document has been written for:

Uploaded

Nov 24, 2023

Downloads

 0

Views

 19

THE BEST STUDY GUIDES

Avoid resits and achieve higher grades with the best study guides, textbook notes, and class notes written by your fellow students

custom preview

Avoid examination resits

Your fellow students know the appropriate material to use to deliver high quality content. With this great service and assistance from fellow students, you can become well prepared and avoid having to resits exams.

custom preview

Get the best grades

Your fellow student knows the best materials to research on and use. This guarantee you the best grades in your examination. Your fellow students use high quality materials, textbooks and notes to ensure high quality

custom preview

Earn from your notes

Get paid by selling your notes and study materials to other students. Earn alot of cash and help other students in study by providing them with appropriate and high quality study materials.


$21.00

WHAT STUDENTS SAY ABOUT US


What is Browsegrades

In Browsegrades, a student can earn by offering help to other student. Students can help other students with materials by upploading their notes and earn money.

We are here to help

We're available through e-mail, Twitter, Facebook, and live chat.
 FAQ
 Questions? Leave a message!

Follow us on
 Twitter

Copyright © Browsegrades · High quality services·