Professional Documents
Culture Documents
NK QM Hardcopy 1
NK QM Hardcopy 1
NK QM Hardcopy 1
1. History of Insurance
7. Formation of series
8. Tabulation
9. Graphical representation
HISTORY OF INSURANCE
The story of insurance is probably as old as the story of
mankind. The same instinct that prompts modern
businessmen today to secure themselves against loss and
disaster existed in primitive men also. They too sought to
avert the evil consequences of fire and flood and loss of life
and were willing to make some sort of sacrifice in order to
achieve security. Though the concept of insurance is largely
a development of the recent past, particularly after the
industrial era – past few centuries – yet its beginnings date
back almost 6000 years. Life Insurance in its modern form
came to India from England in the year 1818. Oriental Life
Insurance Company started by Europeans in Calcutta was
the first life insurance company on Indian Soil. All the
insurance companies established during that period were
brought up with the purpose of looking after the needs of
European community and Indian natives were not being
insured by these companies. However, later with the efforts
of eminent people like Babu Muttylal Seal, the foreign life
insurance companies started insuring Indian lives
What is life Insurance ?
Who are we ?
Dabur
Founded in 1884, Dabur is one of India's oldest and largest
group of companies with consolidated annual turnover in
excess of Rs 1,899 crores. A professionally managed
company, it is the country's leading producer of traditional
healthcare products.
Aviva
Aviva is UK’s largest and the world’s fifth largest insurance
Group. It is one of the leading providers of life and
pensions products to Europe and has substantial businesses
elsewhere around the world. With a history dating back to
1696, Aviva has a 35 million customer base worldwide. It
has more than £332 billion of assets under management.
OUR VISION
Aviva - where exceeding expectations through
innovative solutions is "our" way of life.
This is the compelling vision that Aviva India has created
through the active contribution of its employees. These
lines not only define the way we live and work but also
serve as a reminder to deliver the best to our customers,
shareholders, colleagues, partners & employees at all times.
Embedded in this vision are the core values of Integrity,
Customer centricity, Passion for winning, Innovation and
Empowered team that we have collectively defined and
committed to working towards.
ICICI PUDENTIAL LIFE
INSURANCE
INFO
ICICI Prudential Life Insurance Company is a joint venture
between ICICI Bank, a premier financial powerhouse and
Prudential plc, a leading international financial services
group headquartered in the United Kingdom. ICICI
Prudential was amongst the first private sector insurance
companies to begin operations in December 2000 after
receiving approval from Insurance Regulatory
Development Authority (IRDA).ICICI Prudential's equity
base stands at Rs. 11.85 billion with ICICI Bank and
Prudential plc holding 74% and 26% stake respectively. In
the financial year ended March 31, 2005, the company
garnered Rs 1584 crore of new business premium for a total
sum assured of Rs 13,780 crore and wrote nearly 615,000
policies. The company has a network of about 56,000
advisors; as well as 7 bancassurance and 150 corporate
agent tie-ups. For the past four years, ICICI Prudential has
retained its position as the No. 1 private life insurer in the
country, with a wide range of flexible products that meet
the needs of the Indian customer at every step in life.
Vision
Our vision:
To make ICICI Prudential the dominant Life and Pensions
player built on trust by world-class people and service.
This we hope to achieve by:
• Understanding the needs of customers and offering
them superior products and service
• Leveraging technology to service customers quickly,
efficiently and conveniently
• Developing and implementing superior risk
management and investment strategies to offer
sustainable and stable returns to our policyholders
• Providing an enabling environment to foster growth
and learning for our employees
• And above all, building transparency in all our
dealings.
The success of the company will be founded in its
unflinching commitment to 5 core values -- Integrity,
Customer First, Boundary less, Ownership and Passion.
Each of the values describes what the company stands for,
the qualities of our people and the way we work.
We do believe that we are on the threshold of an exciting
new opportunity, where we can play a significant role in
redefining and reshaping the sector. Given the quality of
our parentage and the commitment of our team, there are
no limits to our growth.
Tata AIG Life Insurance
Company Ltd
Tata AIG Life Insurance Company Ltd. "Tata AIG Life"
offers a broad array of life insurance products to
individuals, associations and businesses of all sizes, with a
wide variety of additional coverage to ensure our customers
can find an insurance product to meet their needs.
Tata AIG is a joint venture of the Tata Group and American
International Group, Inc. (AIG).
AIG
Management
Mission
"Explore and enhance the quality of life of people through
financial security by providing products and services of
aspired attributes with competitive returns, and by
rendering resources for economic development."
Vision
"A trans-nationally competitive financial conglomerate of
significance to societies and Pride of India."
Some of the important milestones in the life insurance
business in India are:
1818: Oriental Life Insurance Company, the first life
insurance company on Indian soil started functioning.
1870: Bombay Mutual Life Assurance Society, the first
Indian life insurance company started its business.
1912: The Indian Life Assurance Companies Act enacted as
the first statute to regulate the life insurance business.
1928: The Indian Insurance Companies Act enacted to
enable the government to collect statistical information
about both life and non-life insurance businesses.
1938: Earlier legislation consolidated and amended to by
the Insurance Act with the objective of protecting the
interests of the insuring public.
1956: 245 Indian and foreign insurers and provident
societies are taken over by the central government and
nationalised. LIC formed by an Act of Parliament, viz. LIC
Act, 1956, with a capital contribution of Rs. 5 crore from
the Government of India.
The General insurance business in India, on the other hand,
can trace its roots to the Triton Insurance Company Ltd.,
the first general insurance company established in the year
1850 in Calcutta by the British.
Some of the important milestones in the general
insurance business in India are:
1907: The Indian Mercantile Insurance Ltd. set up, the first
company to transact all classes of general insurance
business.
1957: General Insurance Council, a wing of the Insurance
Association of India, frames a code of conduct for ensuring
fair conduct and sound business practices.
1968: The Insurance Act amended to regulate investments
and set minimum solvency margins and the Tariff Advisory
Committee set up.
1972: The General Insurance Business (Nationalisation)
Act, 1972 nationalised the
general insurance business in India with effect from 1st
January 1973.
107 insurers amalgamated and grouped into four companies
viz. the National
Insurance Company Ltd., the New India Assurance
Company Ltd., the
Oriental Insurance Company Ltd. and the United India
Insurance Company
Ltd. GIC incorporated as a company.
A B C D E
1 NAME SEX POLICY NAME NOMINEE INCOME
2 KIRAN MALE ICICI PARENTS 1LAC-2LAC
3 ROHIT MISHRA MALE ICICI SON 1LAC-2LAC
4 MANOJ THAKUR MALE LIC SON 1LAC-2LAC
5 AJAY.S MALE LIC SON 1LAC-2LAC
6 BHAVESH MALE ICICI DAUGHTER 1LAC-2LAC
7 SATISH MALE LIC WIFE 1LAC-2LAC
8 AARTI FEMALE LIC SON 1LAC-2LAC
9 SULSHA FEMALE ICICI DAUGHTER 1LAC-2LAC
10 DAYA.C MALE ICICI SON 1LAC-2LAC
11 REHAMAN MALE ICICI SON 1LAC-2LAC
12 PYUSH.S MALE LIC DAUGHTER 1LAC-2LAC
13 APAL MALE LIC PARENTS 2LAC-5LAC
14 AMITA FEMALE TATA AIG SISTER 1LAC-2LAC
15 SITA.S FEMALE LIC SON 2LAC-5LAC
16 DEEPA FEMALE TATA AIG SON ABOVE 5LAC
17 ANKUR MALE ICICI DAUGHTER 2LAC-5LAC
18 FENIL MALE ICICI PARENTS ABOVE 5LAC
19 ISHITA FEMALE TATA AIG HUSBAND 1LAC-2LAC
20 CHETAN MALE LIC DAUGHTER 1LAC-2LAC
21 MADHAV MALE TATA AIG WIFE 1LAC-2LAC
22 DHWANI FEMALE LIC SON ABOVE 5LAC
23 MAHINDRA MALE LIC DAUGHTER ABOVE 5LAC
24 SAM MALE ICICI WIFE 2LAC-5LAC
25 YASH MALE AVIVA WIFE 1LAC-2LAC
26 SAMAY MALE TATA AIG WIFE 2LAC-5LAC
27 SEJAL FEMALE TATA AIG PARENTS 2LAC-5LAC
28 KRUTI FEMALE LIC HUSBAND 1LAC-2LAC
29 .GARGI.S FEMALE LIC BROTHER 1LAC-2LAC
30 NAMITA FEMALE LIC HUSBAND 1LAC-2LAC
31 JULIE FEMALE LIC SON 1LAC-2LAC
32 JAGRUTI FEMALE LIC PARENTS 1LAC-2LAC
33 SUSHAMA FEMALE LIC HUSBAND 1LAC-2LAC
34 JAYSHREE FEMALE LIC HUSBAND 1LAC-2LAC
35 NAMRATA FEMALE LIC HUSBAND 1LAC-2LAC
36 AMI.R FEMALE LIC HUSBAND 2LAC-5LAC
37 MAMTA FEMALE AVIVA PARENTS 1LAC-2LAC
38 URVI.J FEMALE ICICI PARENTS 1LAC-2LAC
39 SONAL.C FEMALE LIC PARENTS 1LAC-2LAC
40 CHINTAN MALE ICICI BROTHER 2LAC-5LAC
41 SACHIN MALE ICICI SISTER 1LAC-2LAC
42 NANIL.V MALE TATA AIG PARENTS 1LAC-2LAC
43 ISHA FEMALE LIC HUSBAND 1LAC-2LAC
44 JIGAR MALE LIC DAUGHTER 1LAC-2LAC
45 TANVI FEMALE LIC PARENTS 1LAC-2LAC
46 SACHIN.V MALE LIC SISTER 2LAC-5LAC
47 MITTAL.M MALE AVIVA PARENTS 1LAC-2LAC
48 MINAL FEMALE LIC PARENTS 1LAC-2LAC
49 BHARAT MALE LIC DAUGHTER 2LAC-5LAC
50 ARPITA FEMALE LIC SON ABOVE 5LAC
51 PRACHI FEMALE LIC PARENTS ABOVE 5LAC
52 REEMA FEMALE TATA AIG PARENTS ABOVE 5LAC
53 AMIR MALE ICICI SON 2LAC-5LAC
54 SUNNY.P MALE TATA AIG PARENTS ABOVE 5LAC
55 RUCHI FEMALE LIC HUSBAND 1LAC-2LAC
56 RADHESHYAM MALE LIC WIFE 1LAC-2LAC
57 ZAHEER MALE LIC WIFE 1LAC-2LAC
58 KANTILAL MALE AVIVA PARENTS 2LAC-5LAC
59 RAJENDRA MALE TATA AIG PARENTS ABOVE 5LAC
60 MITESH MALE ICICI PARENTS 2LAC-5LAC
61 KUNAL MALE ICICI PARENTS 2LAC-5LAC
62 SAHIL.J MALE TATA AIG DAUGHTER 1LAC-2LAC
63 SUNNY.J MALE ICICI PARENTS 1LAC-2LAC
64 T.H.JOSHI MALE LIC SON 1LAC-2LAC
65 PURHOIT MALE LIC DAUGHTER 1LAC-2LAC
66 MADHU FEMALE ICICI HUSBAND 1LAC-2LAC
67 PRAFUL.S MALE AVIVA WIFE 1LAC-2LAC
68 DILIP.JAIN MALE LIC DAUGHTER 2LAC-5LAC
69 RAKESH MALE LIC SISTER 1LAC-2LAC
70 MUKESH MALE ICICI BROTHER 1LAC-2LAC
71 SUNIL MALE LIC WIFE 2LAC-5LAC
72 RAHUL MALE LIC DAUGHTER 1LAC-2LAC
73 SONI.M FEMALE AVIVA SISTER 1LAC-2LAC
74 KINJAL.S FEMALE AVIVA HUSBAND 1LAC-2LAC
75 MANISHA FEMALE LIC HUSBAND 1LAC-2LAC