LIFE INSURANCE MARKET: THE RURAL INDIA ATTACHMENT R. Praveen Kumar, S. Poorna Prabhat, Research Scholars, Department of Commerce & Business Administration, ACHARYA NAGARJUNA UNIVERSITY ABSTRACT Life insurance is bought lesser in India by rural population. In the case of life insurance, there is very little pressure. The possibility of death is unseen by the rural people; however there is more likelihood of such adversity for people lives in rural areas. The rural people never believe that
claims of the creditors of the life assured by valid assignment of a policy. The policy holder can nominated a person to whom the policy money would be payable in event of his death. 9.3.5. Tax relief: The income tax relief is available for amounts paid by way of premium for life insurance subject to the income tax rate in force. Assesses can avail themselves of provisions in the law for tax relief. In this manner the assured is required to pay lower premium for his insurance than he would have to pay
3 HISTORY The Oriental Life Insurance Company, the first corporate entity in India offering
INTRODUCTION What Is Life Insurance? New to purchasing disaster protection? Let’s figure out how it functions and what we have to comprehend to pick our scope. A disaster protection approach is an agreement with an insurance agency. In return for premiums (installments), the insurance agency gives an irregularity aggregate installment, known as a passing advantage, to recipients in the occasion of the guarantee's demise. Ordinarily, extra security is picked taking into account the needs
The Detail Information of Permanent Life Insurance versus Term Life Insurance People need to insure their selves from any probability. There are many benefits of insurance and people start to understand about its benefits. One of its benefit is you can have some cash values in the future. The benefit is not only for you, but also for your beneficiary and your family. However, you need to be careful to choose the great and suitable insurance for you and make sure the payment of it will not make you
The Australian Life Insurance services deals with many of the circumstances which comes with a proper policy which is structured to meet all your personal requirements which are imperative . The resolution is to save on significant out of pocket charge but still find a policy that is beneficial to your needs. The cost of life insurance depends on quite a few factors. The premium of a policy is directly proportional to the risk involved, therefore, there are greater risks involved like old age, main
sets in. In this newsletter, we have picked National General Holdings Corp.(NGHC), an insurance company, run by a smart management team, working towards increasing share holder’s value. National General Holdings Corp., headquartered in New York City, is a specialty personal lines insurance holding company. National General traces its roots to 1939, has a financial strength rating of A- (excellent) from A.M. Best, and provides
addiction treatment that they needed because their insurance company did not pay for it. However, UnitedHealth will cover the cost of drug and alcohol rehab. Health insurance companies are now required to cover addiction due to the Affordable Care Act. The amount of coverage that you will be able to get is dependent on the type of health insurance plan you have. There are some health insurance plans that will cover the total cost of treatment. Other insurance plans will only cover part of the cost of treatment
from 8 months to 2 years of training. The best college to go to for cosmetology is the Regency Beauty Institute. Cosmetologists earn about $26,790 per year, or if you have your own beauty shop and have your own clients then you can make more money than that a year.
purchased relieves pressure on the social welfare systems in many countries. Therefore, life insurance is generally viewed with favor by governments. Many countries have acknowledged this by granting tax relief to policyholders. Currently, tax incentives to life insurance policyholders are widespread among OECD member countries. A Swiss Reinsurance Company (1987) study demonstrates that privately purchased life insurance can substitute for government-provided benefits and vice versa. The obtained results