Powerpoint presentation. Risk - chance of loss from an event that cannot be entirely controlled Emergency savings - at least six months of expenses set aside to cover costs of unexpected events Insurance - transfers risk from an individual to an insurance organization is managed by What … You don’t want to be amazed! 11. 1. It includes burglary insurance, credit insurance. Insurance choices and the fear of being over- or under-insured can be confusing. Dr. Amit Gupta 24, 1/10/2018 Employer based schemes Employers in both public and private sector offers employer based insurance schemes through their own employer. Marine Insurance After studying this topic the learners would be able to know about the different types of Marine insurance policies and their distinct features 1. B. This is the basic form of premium where the policyholder has … CrystalGraphics 3D Character Slides for PowerPoint, - CrystalGraphics 3D Character Slides for PowerPoint. 2. Explain the concept of Marine Insurance. Some cars are more expensive to repair or replace, Thieves tend to steal expensive sports cars and. They'll give your presentations a professional, memorable appearance - the kind of sophisticated look that today's audiences expect. Insurance policies are actually bundles of coverage sold as package policies. 1:14. LIC has launched Health Plus plan, a unique long term health insurance plan that combines health insurance covers for the entire family (husband, wife and the children) — Hospital Cash Benefit (HCB) and Major Surgical Benefit (MSB) along with a ULIP component (investment in the form of Units) that is specifically designed to meet domiciliary treatment (DTB) related expenses for the insured members. Describe types and purposes of insurance. - The best way to check the financial health of an Insurance company London is by looking at its rating. Medical insurance enables senior citizens to pay for health checkups, emergency medical costs and long- term treatment. Health insurance, like other forms of insurance, is a form of collectivism by means of which people collectively pool their risk, in this case the risk of incurring medical expenses. 1/10/2018 Dr. Amit Gupta 21, Mandatory health insurance schemes Central Government Health Insurance Scheme (CGHS) Established in 1954, the CGHS covers employees and retirees of the central government and certain autonomous and semi autonomous and semi-government organizations. These services are provided through network of ESIS facilities, public care centers, non-governmental organizations (NGOs) and empanelled private practitioners. Do not take much time to talk about its type. These types of insurance can be confusing. PowerShow.com is a leading presentation/slideshow sharing website. INSURANCE ACT ... Health insurance A type of insurance coverage that pays for medical and surgical expenses that are incurred by the insured. But, maybe you are not sure which plan to opt for. But, maybe you are not sure which plan to opt for. This category has the following 13 subcategories, out of 13 total. Insurance premiums are the monies paid by individuals to insurance companies in exchange for financial security in the event of damage or a loss. Each type has a different form of ownership and operation, and some are exempt from certain Texas insurance laws. - CrystalGraphics offers more PowerPoint templates than anyone else in the world, with over 4 million to choose from. This involves medical emergencies, which may range from broken bones to communicable diseases. Some of the popular Community Based Health Insurance schemes Self-Employed Women's Association (SEWA), Tribuvandas are: Foundation (TF), The Mullur Milk Co-operative, Sewagram, Action for Community Organization, Rehabilitation and Development (ACCORD), Voluntary Health Services (VHS) etc. Dr. Amit Gupta 17, Health Insurance in India The health insurance market in India is very limited covering about 10% of the total population. Life Insurance or Personal Insurance. Thus, the directors and officers liability insurance taken by the firm protected its director against the claims. Home insurance, Motor insurance, Travel insurance and Health insurance plans are the different types of the insurance policy provided under general insurance category. Describe the factors in buying health insurance. It is observed that, most of the time we end up paying an exorbitant premium without getting the sufficient coverage. Having life insurance allows you to know that your loved ones will not be burdened financially upon your death. Insuring our travels. Level Premium. View to know more! 20:51. TYPES OF INSURANCE “Take Charge of Your Finances” Advanced Level For auto insurance, check with the laws in your state. Bajaj Allianz, in its efforts to provide a customer centric solution is offering an insurance policy to cover to some of these critical illnesses like Cancer Coronary Artery bypass surgery First Heart attack Kidney Failure Multiple sclerosis Major organ transplant Stroke Arota graft surgery Paralysis Primary Pulmonary Arterial Hypertension. 9 weird types of insurance you never knew existed by Paul Sisolak September 13th, 2016 Share. Know how a life insurance policy works. A Agricultural insurance‎ (2 C, 7 P) D Deposit insurance… We understand shopping for health insurance can be frustrating, but it doesn’t have to be. If you live in a territory that generates more, Example More accidents take place in urban than, A basic insurance policy in rural Nebraska can be, Your driving record is an official list of your, Accumulation of too many points can cause. So in today’s time, almost everything has started to be insured. Types of Insurance. These services are provided through public facilities with some specialized treatment (with reimbursement ceilings) being permissible at private facilities. Say, a family of four has individual covers of Rs 1 lakh each. If you have questions in your mind and need to answers, then feel free to call us at 919-303-9690 or http://www.thebenefitadvisors.com for the best group or individual health insurance NC. Some of the various other voluntary health insurance schemes available in the market are :- Asha deep plan Il , Jeevan Asha plan Il, Jan Arogya policy, Raja Rajeswari policy, Overseas Mediclaim policy, Cancer Insurance policy, Bhavishya Arogya policy, Dreaded disease policy, Health Guard, Critical illness policy, Group Health insurance policy, Shakti Shield etc. To view this presentation, you'll need to allow Flash. - Based in Meridian, Idaho, DeLuca Insurance Group seeks to help educate people about the opportunities to protect what’s important. Whether your application is business, how-to, education, medicine, school, church, sales, marketing, online training or just for fun, PowerShow.com is a great resource. Category:Types of insurance. Large medical expenses can wipe out savings. 4 Types Of Insurance Everyone Needs . - Every business, even if you are living in the home, you should require having liability insurance. The risk is an event or happening which is not planned but eventually happens with financial consequences resulting in loss. Keyman insurance policy ppt – health insurance companies in. The benefits offered are mainly in terms of preventive care, though ambulatory and inpatient care is also covered. These are: Term Plan - The death benefit from a term plan is only available for a specified period, for instance, 40 years from the date of policy purchase. - There are differences and similarities between a home insurance policy and property insurance policy to understand at power level before to pay the cost. It pays for or reimburses the amount you pay towards the … In this case; The insurer pays the total admitted value irrespective of the then market value of the properties. Always ask specific questions when buying insurance so there are not any surprises should you need to use any coverages. Ppt – types of insurance powerpoint presentation | free to view id. There is saying higher the risk more the profit. The main distinction is that the premiums are set at a level, which are based on assessment of risk status of the consumer (or of the group of employees) and the level of benefits provided, rather than as a proportion of consumer's income. He gets hospitalised for 7 days and the total bill is Rs 35,000. Some of the different types of insurance companies include: standard lines, excess lines, captives, direct sellers, domestic, alien, mutual companies, stock companies, Lloyds of London and more. 1/10/2018 Dr. Amit Gupta 14, Critical Illness Plans A Critical Illness plan means to insure against the risk of serious illness. These conditions should have arisen during the policy period. Properties and assets Covered under Marine Insurance 1. 2. For example; an insurance that is specific to a cement plant, versus one for an IT company will be different. of 21. MODULE 10E: INFORMATION SHEET TO THE STUDENT: Read and study this information sheet and complete the student activities at the end. These are: National Insurance Company Oriental Insurance Company New India Assurance United India Insurance Company Dr. Amit Gupta 13, Senior Citizens' Plans The National Insurance Company offers the Varistha Mediclaim Policy for senior citizens. Often, these premiums are dependent upon a variety of factors including age, status of health, or driving record. It also covers funeral expenses and rehabilitation allowance. - Beautifully designed chart and diagram s for PowerPoint with visually stunning graphics and animation effects. These are: Term Plan - The death benefit from a term plan is only available for a specified period, for instance, 40 years from the date of policy purchase. Answering Your Renters Insurance Questions. Life Insurance. Types of Risk 3. - If you’re running any kind of business, large or small, that frequently uses cars, trucks and vans as part of its everyday operations, then if you haven’t already got commercial auto insurance, you should talk to an insurance professional about purchasing it today. Types of life insurance policies in india. Category:Types of insurance. It's FREE! 1.10.1.G1 TYPES OF INSURANCE “Take Charge of Your Finances” Advanced Level 2 1.10.1.G1 WHY IS IT IMPORTANT TO HAVE INSURANCE? There are many different kinds of life insurance. In the public sector, the General Insurance Corporation (GIC) and its four subsidiary companies (National Insurance Corporation, New India Assurance Company, Oriental Insurance Company and United Insurance Company) provide voluntary insurance schemes. Why purchase insurance? Regulator/Government Enhance customer awareness Enhance client confidence - real value benefits in the event of a claim Effective supervision Compulsory percentage of total business towards health Compulsory savings towards health Tax incentives to employers for promoting group health coverage Insurer 1/10/2018 Clients confidence - warrantable claim will be paid out in a reasonable time frame New clients have to be reached Value for money Design products as per clients needs Product transparency Cost efficiency — affordability Wellness programmes Dr. Amit Gupta 4, Initiatives of IRDA Committee to formulate regulations Pure health insurance products Allowing the formation of an stand alone health insurance company Standalone health insurance companies Renewability Senior citizens 1/10/2018 Dr. Amit Gupta 5, Impediments in Health Insurance Lack of Data Moral Hazard/Adverse Selection Complex nature of the product Medical Inflation New treatments Unnecessary treatments Difficulty in pricing Government provision of health care Long term nature Changing life style Mis-selling/fraud 1/10/2018 Dr. Amit Gupta 6, 1/10/2018 Mitigation of Impediments Insurer Designing a less complex products Transparency in the product features Clarity in policy terms, conditions & exclusions — Efficient back-office support for underwriting and claims processing Higher Reinsurance Need for quicker services. There are, however, four types of insurance that most financial experts recommend we all have: life, health, auto, and long-term disability. Self-Insurance. It also covers Members of Parliament, Governors, accredited journalists and members of general public in some specified areas. Here is a brief explanation of each of these different types of insurance companies and the specific specialty risks insured and other unique attributes. Author. It covers employees and the dependents against loss of wages due to sickness, maternity, disability and death due to employment injury. PPT’s 2. This policy covers hospitalization and domiciliary hospitalization expenses under Section I as well as expenses for treatment of critical illnesses, if opted for, under Section ll. Explain the concept of Marine Insurance. Find the Best Life Insurance Comparison Policies - We at Bee Insured provide you with all types of life insurance comparison quotes. Do you have PowerPoint slides to share? 1/10/2018 Dr. Amit Gupta 2, 1/10/2018 Importance of Health Insurance Rising medical costs Sharing of health related risk uncertain hospital bills Expensive/quality health care services Money value — Sick Vs Healthy Family health insurance Tax benefit Productivity of workforce Removes some of the burden from the state Keeping pace with the customer needs while achieving profitability Dr. Amit Gupta 3, How to Improve Health Insurance Penetration? To make the scheme more saleable, the insurance companies provided for a floater clause that made any member of family eligible as against mediclaim policy which is for an individual member. Fundamental risks are the risks mostly emanating from nature. Standard Home Insurance Policies in Water Damage Coverage: Every insurance companies cover the different types of water damage protection. Meaning of Risk: In simple words risk is danger, peril, hazard, chance of loss, amount covered by insurance, person or object insured. There are primarily seven different types of insurance policies when it comes to life insurance. Toll free numbers, cashless, quick response Expense analysis on a regular basis Product innovation — Efficient training of sales force Dr. Amit Gupta 7, 1/10/2018 Mitigation of Impediments Policyholder Pay attention to policy conditions Read the exclusions and limitations very carefully Compare premium costs, deductibles, co-payments — Take an informed decision TPA Proper infrastructure — Speedy claim settlement process — Less paper work Dr. Amit Gupta 8, 1/10/2018 Mitigation of Impediments Regulator/Government Come out with health insurance regulations Centralized data base for health insurance experience statistics Provider rating Cap on renewal premiums — Ensure that a decent portfolio of health coverage represent the rural sector Guard against ill effects of privatization — Further tax incentives Compulsory savings towards health care Dr. Amit Gupta 9, 1/10/2018 Types of Health Insurance Plans Individual health plan Family floater plan Senior Citizens' plan Critical illness plan Daily hospital cash and Unit-linked health plan (ULHP). C. Describe the factors in buying life insurance. Insurance can be one of the most important ongoing purchases you make to protect yourself and your family from financial hardship. Website -, | PowerPoint PPT presentation | free to view, All You Need to Know About Commercial Property Insurance. Describe the factors in buying health insurance. Young males pay more for insurance. Or use it to upload your own PowerPoint slides so you can share them with your teachers, class, students, bosses, employees, customers, potential investors or the world. Usapang Life Insurance: Different Types of Life Insurance - Duration: 20:51. Policyholder consumer who purchased policy. Valued Policy. The premium charged for a cement plant will be higher than a showroom of air conditioner. In these schemes the members prepay a set amount each year for specified services. Married people have fewer accidents than single. Boasting an impressive range of designs, they will support your presentations with inspiring background photos or videos that support your themes, set the right mood, enhance your credibility and inspire your audiences. Insurance is categorized based on risk, type, and hazards. Secondly, the premium is paid at regular intervals in life insurance, but in general insurance, the premium is paid in … This presentation template discusses six types of insurance through different scenes. Also, charges such as premium allocation charge and policy administration charge are deducted from the fund value. Accident, sickness Insurance Under this category there are four type of insurance are there 1. Such schemes tend to be financed through patient collection, government grants and donations. Wealth Arki Recommended for you. 3 Types of Risk in Insurance are Financial and Non-Financial Risks, Pure and Speculative Risks, and Fundamental and Particular Risks. Broadly speaking, life insurance can be further categorized as a pure risk coverage plan – purely insurance and the other, which is a combination of insurance and investment component. Commercial Property Insurance had a thought-provoking history. For each approved PPT you will get 25 Credit Points and 25 Activity Score which will increase your profile visibility. Properties and assets Covered under Marine Insurance 1. Let's look at an example. Here are some of the common and important terms to know. Thus, the directors and officers liability insurance taken by the firm protected its director against the claims. For everything else, consider the level of risk you’re willing to live with. - Googling to purchase a right life insurance? B. 7 types of insurance. The insurance policy provides both defense & damage if you, your employees or your products have caused very serve bodily injury or property damage to a third party. There are primarily seven different types of insurance policies when it comes to life insurance. Understanding How Commercial Auto Insurance Works in New York, - Commercial auto insurance in NY refers to an insurance policy for business vehicles. Subcategories. There are many different kinds of life insurance. And, best of all, most of its cool features are free and easy to use. Like most folks, your auto, health, home and life insurance coverage are the standard policies you need in place to protect you against most of the unexpected. Insurance offered by NGOs / community based health insurance, and Employer-based schemes 1/10/2018 Dr. Amit Gupta 18, 1/10/2018 Voluntary health insurance schemes In private insurance, buyers are willing to pay premium to an insurance company that pools similar risks and insures them for health related expenses. It takes advantage of the fact that the possibility of all members of a family falling ill at the same time or within the same year is low. 7 types of insurance. It’s hard to trust a random “types of health insurance” ppt (PowerPoint) or YouTube video you find online. We make you choose the right one. 1:14. Benefits under the scheme include medical care, home visits/care, free medicines and diagnostic services. Insurance can be confusing. Previous - 6.1.6 Summary of key messages; Next - 6.2.1 Life insurance; Report a problem or mistake on this page . Types of Insurance premiums Based upon the premium paid. Types of insurance. C. Describe the factors in buying life insurance. Insurance: lesson 1 introduction to insurance. Depending on the type of occupation, risk exposure, and the money involved, the insurance could be different for each industry or business. Or use it to create really cool photo slideshows - with 2D and 3D transitions, animation, and your choice of music - that you can share with your Facebook friends or Google+ circles. Insurance can be one of the most important ongoing purchases you make to protect yourself and your family from financial hardship. 7 types of insurance you need to protect your business. There is saying higher the risk more the profit. Winner of the Standing Ovation Award for “Best PowerPoint Templates” from Presentations Magazine. How Covid-19 Might Affect Your Auto Insurance - As with some other types of insurance, Covid-19 won’t necessarily have an impact upon your auto policy, but you might find yourself struggling to keep up with the payments. 1/10/2018 Dr. Amit Gupta 15, 1/10/2018 Daily Hospital Cash Expense benefit is paid on per day basis after hospitalization (most plans mandate at least 48 hours of hospitalization). The situations are: Burst Pipes in your home Water main breaks Leakage from a washing machine or hot water tank. The plan by which an individual or concern sets up a private fund out of which to pay losses is termed “self-insurance”. The first type of insurance, health, is the most costly. Health insurance can either reimburse the insured for expenses incurred from illness or injury or pay the care provider directly. The existing schemes can be categorized as: Voluntary health insurance schemes or private-for-profit schemes; Mandatory health insurance schemes or government run schemes (namely SIS, CGI-IS). 8 types of insurance organizations are; Self-Insurance, Individual Insurer, Partnership, Joint Stock Companies, Mutual Companies, Co-Operative Insurance Organization, Lloyd’s Association, State Insurance. These plans are indemnity policies, that is, they reimburse the actual expenses incurred up to the amount of the cover that you buy. The reinsurer has all the right to accept or deny a facultative reinsurance proposal. The life insurance and general insurance differ in the way that life insurance covers the life risk, whereas general insurance does not cover the risk of life. This type of insurance … If this is the case for you, there are a couple of things you can do to ease the financial burden, and one thing you mustn’t do: Find Best Small Group Health Insurance for Your Business. - You may not own your own home, but that doesn’t mean that you don’t own all the valuable items inside it, which is when renter’s insurance comes into play. The 5 basic insurance policies everyone should have mintlife blog. 1/10/2018 Types of Health Insurance Plans Individual health plan Family floater plan Senior Citizens' plan Critical illness plan Daily hospital cash and Unit-linked health plan (ULHP). Insurance means and types. Facebook Twitter Email LinkedIn SMS WhatsApp. To the extent of the annual cover, any number of members can avail the money. Presentation – introduction to the concepts of risk and insurance. Such Insurance can be of two types: 1. Do not take much time to talk about its type. Hence, it becomes vital to compare the different insurance types online in terms of their offerings, premium or claim settlement ratio of the insurers. PPT – Understanding Types of Insurance PowerPoint presentation | free to view - id: 76731c-OTE3M, The Adobe Flash plugin is needed to view this content. 1.10.1.G1 TYPES OF INSURANCE “Take Charge of Your Finances” Advanced Level 2 1.10.1.G1 WHY IS IT IMPORTANT TO HAVE INSURANCE? Please enter the OTP sent to your mobile number: The Concept of Health Insurance, Various Policies Related to Health Insurance. - An Investment insurance plan allows you to build a savings habit so that you enjoy life without any worry. If the policyholder survives until the end of the period, or term, the insurance coverage ceases without value and a payout or death claim cannot be made. Insurance: lesson 1 introduction to insurance. So far we talk about the introduction of Insurance, Importance of Insurance, Nature Of Insurance, etc., talk about insurance and types. It’s easy to know whether or not you need renters insurance, but choosing how much auto, health, or life insurance coverage to buy is more difficult. Types of Life Insurance Policies. But there are five key types available: Health Insurance; Motor Insurance; Travel Insurance; Home Insurance; Fire Insurance; Health Insurance. Financial risks can be measured in monetary terms. The policyholder best insurance policy PPT – types of insurance, Various policies related to health insurance.. A group insurance and an individual, or contract weird types of term life, and Universal life are three... 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