Evolution and Awareness of Health Insurance in India Of all the risks facing households, health risks pose the greatest threat to lives and livelihoods. The uncertainty of illness and the cost of health expenditure is always a peril. The high cost of hospital services coupled with the unpredictability of health needs and the inadequacy of personal savings is the primary reason for the growing importance of insurance as a means of financing health services. Medical insurance coverage separates time of payment
problems brought about by principal agency connection. Mallin (2004), explained in this context that agents are managers, principal are owners and board of directors are monitoring device. Many researchers has examined the board composition due to the importance of the monitoring and governance function of the board (Barnhart, Mar and Rosentein 1994: Pearce and Zahra 1992: Gales and Kesner 1994). They confirm that agency theory considers that the primary responsibility of board of directors is towards the
our everyday life, insurance policies evolved to match the demands imposed by the market. As time goes by, the percentage of Maltese travelling abroad is constantly fluctuating and thus the importance and popularity of travel insurance is increasing. Furthermore, Malta has a very good strategic geographical position, connecting Europe to Africa, and thus making it very attractive for air and sea transport. The general idea is that travel insurance is a modern form of insurance. Conversely
The Importance of Catch-22 “Catch-22” by Joseph Heller has cultural value as one of the most popular post-modern novels of the 20th century and has been a concept used in literature as a satirical representation of the contradictions found in war as well as a way to relate these paradoxes to everyday life. Understanding these paradoxes and relating them to one’s everyday life is not simple, yet “Catch-22” provides the reader with a way to do so. These “catches” hold key elements that are extremely
Checklist For Beginning Divorce Process Divorce is a hardship, emotionally and financially. It's important to discuss with your attorney what exactly you're going to expect, need and want coming into this process. From housing and custody to finances and support, it is imperative that you are prepared for this process to help make it go as smoothly as it can go. Make a substantial step in the course by coming to your attorney with a checklist. Things to include in this check list could be; Issues
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
Life insurance is a contract between two parties: the insurer and the insured. The insurer is the party that receives the premiums from the insured and pays a certain amount of money to a previously assigned beneficiary. The payment is done upon the death or due to the occurrence of other unfortunate events, such as critical or terminal illnesses of the insured. The premium can be paid either as an annuity or in the form of a lump sum. Funeral expenses might also be included in the insurance policy
A Raisin In The Sun” is a dramatic play written by Lorraine Hansberry, she writes about many family values one of them being the importance of love in a household. Hansberry shows how a family needs love to stay together. Hansberry uses characters in her play to furthermore show the importance of family values, two of these characters being Ruth and Beneatha Younger. Ruth is the wife of Walter and the mother of Travis, she is a domestic worker. Beneatha is the sister of Walter, and wants to be
medications, rather than curative methods. As Seligman states, “symptom relief should be a weigh station on the road to cure” (p. 46). With a world full of extraordinary scientists, no one should have to suffer through an illness with no end in sight. Insurance companies shell out billions of dollars for medications that provide relief, instead of those that provide cures. This leads to pharmaceutical companies developing cosmetic drugs in order to turn a profit; this profit is then shared with physicians
3 HISTORY The Oriental Life Insurance Company, the first corporate entity in India offering