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G.ARJUN 63
Insurance ,[object Object],    FINANCIAL SERVICE. ,[object Object]
   IT IS AN ARRANGEMENT IN WHICH YOU PAY                                      MONEY TO A COMPANY, AND THEY PAY MONEY    TO YOU IF SOMETHING UNPLEASANT HAPPENS    TO YOU.
GROWTH OF INSURANCE
1818:the Oriental Life Insurance        Company in Kolkata, the business of Indian life insurance.  1912:The Indian Life Assurance Companies Act. 1928: The Indian Insurance Companies Act. 1938: The earlier legislation consolidated the Insurance Act. 1956: LIC was formed by an Act of     Parliament, viz. LIC Act.
1850: Triton Insurance Company Ltd. 1907: The Indian Mercantile Insurance Ltd. 1957: General Insurance Council. 1968: The Insurance Act. 1972: The General Insurance Business (Nationalization).
TYPES OF INSURANCE  ,[object Object]
GENERAL INSURANCE,[object Object]
IT IS A FORM OF INSURANCE IN WHICH A PERSON MAKES REGULAR PAYMENTS TO THE INSURANCE COMPANY, IN RETURN FOR A SUM OF MONEY TO BE PAID TO THEM AFTER A PERIOD OF TIME, OR TO THEIR FAMILY IF THEY DIE. Life Insurance
  Term Life Insurance                   Permanent Life Insurance LIFE INSURANCETYPES
Under a Term Life contract, the insurance company pays a specific lump sum to the designated beneficiary in case of the death of the insured. These policies are usually for  5, 10, 15, 20 or 30 years. Term Life Insurance
CERTIFICATE
In a Permanent Life contract, a portion of the money paid as  premiums is invested in a fund that earns interest on a tax-deferred basis.  Thus, over a period of time, this policy will accumulate certain "cash value" which you will be able to get back either during the period of the policy or at the end of the poLICY. Permanent Life Insurance
MARKET SHARE
GENRAL INSURANCE HAS BEEN EVOLED WITH THE EVOLUTION OF BUSINESS AND LIFESTYLE OF HUMAN BEINGS. IT COVERS EVERYTHING FROM EXPEDITIONS TO THE VOICE OF FAMOUS SINGERS. IT IS ALSO CALLED AS NON-LIFE INSURANCE. GENERAL INSURANCE
  Fire Insurance              Marine Insurance           MOTOR Insurance   CROP/AGRICULTURAL Insurance   HEALTH INSURANCE GENERAL INSURANCETYPES
FIRE INSURANCE
MARINE INSURANCE
MOTOR INSURANCE
HEALTH INSURANCE
AGRICULTURE INSURANCE
TOTAL AMOUNT COLLECTED  IN THE YEAR 2009

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Insurance

  • 2.
  • 3. IT IS AN ARRANGEMENT IN WHICH YOU PAY MONEY TO A COMPANY, AND THEY PAY MONEY TO YOU IF SOMETHING UNPLEASANT HAPPENS TO YOU.
  • 5. 1818:the Oriental Life Insurance Company in Kolkata, the business of Indian life insurance. 1912:The Indian Life Assurance Companies Act. 1928: The Indian Insurance Companies Act. 1938: The earlier legislation consolidated the Insurance Act. 1956: LIC was formed by an Act of Parliament, viz. LIC Act.
  • 6. 1850: Triton Insurance Company Ltd. 1907: The Indian Mercantile Insurance Ltd. 1957: General Insurance Council. 1968: The Insurance Act. 1972: The General Insurance Business (Nationalization).
  • 7.
  • 8.
  • 9.
  • 10. IT IS A FORM OF INSURANCE IN WHICH A PERSON MAKES REGULAR PAYMENTS TO THE INSURANCE COMPANY, IN RETURN FOR A SUM OF MONEY TO BE PAID TO THEM AFTER A PERIOD OF TIME, OR TO THEIR FAMILY IF THEY DIE. Life Insurance
  • 11.   Term Life Insurance                  Permanent Life Insurance LIFE INSURANCETYPES
  • 12. Under a Term Life contract, the insurance company pays a specific lump sum to the designated beneficiary in case of the death of the insured. These policies are usually for  5, 10, 15, 20 or 30 years. Term Life Insurance
  • 14. In a Permanent Life contract, a portion of the money paid as  premiums is invested in a fund that earns interest on a tax-deferred basis.  Thus, over a period of time, this policy will accumulate certain "cash value" which you will be able to get back either during the period of the policy or at the end of the poLICY. Permanent Life Insurance
  • 16.
  • 17. GENRAL INSURANCE HAS BEEN EVOLED WITH THE EVOLUTION OF BUSINESS AND LIFESTYLE OF HUMAN BEINGS. IT COVERS EVERYTHING FROM EXPEDITIONS TO THE VOICE OF FAMOUS SINGERS. IT IS ALSO CALLED AS NON-LIFE INSURANCE. GENERAL INSURANCE
  • 18.   Fire Insurance              Marine Insurance         MOTOR Insurance CROP/AGRICULTURAL Insurance HEALTH INSURANCE GENERAL INSURANCETYPES
  • 19.
  • 25. TOTAL AMOUNT COLLECTED IN THE YEAR 2009