Insurance principles applications
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www.finerva.com | [email protected] | +91-9787-11-11-66 Insurance Principles & Applications J. Karthikeyan, Director, Finerva
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Transcript of Insurance principles applications
www.finerva.com | [email protected] | +91-9787-11-11-66
Insurance Principles & Applications
J. Karthikeyan, Director, Finerva
www.finerva.com | [email protected] | +91-9787-11-11-66
History of Insurance
Insurance as a form originated during 13th and 14th Century.
India…..First Life Insurance company:Sun Insurance Office Ltd. Kolkata (1710)
First Indian Insurance CompanyBombay Mutual Life Society Limited (1870)
www.finerva.com | [email protected] | +91-9787-11-11-66
Insurance
A Tool for Risk Management
Functions based on Principles
1. Law of Large Numbers
2. Law of Indemnity
3. Law of Utmost Good Faith
4. Law of Insurable Interest
www.finerva.com | [email protected] | +91-9787-11-11-66
Do I Need Insurance?
Do you love your loved ones till you are alive or till they are alive?
Needs1. Milestone Planning2. Income Replacement3. Retirement Planning
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ULIPs – The Talk of Town (Industry)
Premium
MortalityAdmin Charges Investment
www.finerva.com | [email protected] | +91-9787-11-11-66
LifeTime Super
• Unique Selling Proposition– Flexibility
• Premium Amount• Life Cover• Liquidity• Premium Payment term
www.finerva.com | [email protected] | +91-9787-11-11-66
Closing Remarks
• Why I sell Insurance?
• What you can do?– Be aware of risks– Protect Yourself and Your Loved Ones– Tell Others
www.finerva.com | [email protected] | +91-9787-11-11-66
