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"Promotional Strategy in Life Insurance Companies
"Promotional Strategy in Life Insurance Companies
"Promotional Strategy in Life Insurance Companies
PROJECT REPORT ON
“Promotional strategy in life insurance companies.”
SUBMITTED BY
RASHMITA BHIMJI MANONDRA
ROLL NO :- 210615026
SEMESTER :VI
Date: Signature
INDEX
SR.NO. TOPIC
EXECUTIVE SUMMARY
1 INTRODUCTION
2 OBJECTIVE
4
5
10
11
12
13
14
EXECUTIVE SUMMARY:
INTRODUCTION
OBJECTIVE:
MEANING:
Auto insurance is a contract between you and the insurance company that protects you
against financial loss in the event of an accident or theft. In exchange for your paying a
premium, the insurance company agrees to pay your losses as outlined in your policy.
Basic personal auto insurance is mandated by most states and provides you with some
financial protection in case of an accident.
This insurance helps mitigate monetary harms due to accidents causing damage to the
vehicles. The premium amounts that are payable by the person securing insurance for his
vehicle depends on various factors like insured declared value, type of vehicle, age of
vehicle, fuel type, age of the insured.
Definition:
“Auto insurance is also known as motor insurance, this type of insurance provides cover for loss
or damage to any vehicle like car, two-wheeler or commercial vehicles.”
Own Damage: This policy covers any damage or loss to the owner’s car due to any of the
following things:
Accident Fire, Lightening, Self-Ignition, Explosion, Theft, Riots & Strikes and / or
Malicious Acts and Terrorism, Earthquake, Flood Cyclone, Inundation Transit by Rail,
Road, Air, Waterways & Elevator
Third Party or Liability: This policy has been made mandatory by the Motor Vehicle Act
1988, it is provided by TATA AIG Private Car Insurance Policy that covers any injuries or
Personal Accident Cover: Coverage with a Sum Insured of Rs. 2 lakh for the owner-driver in
Optional Covers:
Passenger Personal Accident cover: Passenger Personal Accident cover can be availed with
100 Rs/person for a Sum Insured of Rs.2,00,000 for each of the occupants.
Legal liability for Paid driver: Liability cover with a premium of 50 Rs/annually for the paid
driver
EXCLUSIONS OF TATA AIG AUTO INSURANCE:
Bodily injury liability – which covers costs associated with injuries or death that you or another driver
causes while driving your car.
Property damage liability – which reimburses others for damage that you or another driver operating
your car causes to another vehicle or other property, such as a fence, building or utility pole.
In addition, many states require that you carry:
Medical payments or personal injury protection (PIP), which provides reimbursement for medical
expenses for injuries to you or your passengers. It will also cover lost wages and other related expenses.
Uninsured motorist coverage reimburses you when an accident is caused by a driver who does not have
auto insurance—or in the case of a hit-and-run. You can also purchase under insured motorist coverage,
which will cover costs when another driver lacks adequate coverage to pay the costs of a serious
accident.
Even if PIP and uninsured motorist coverage are optional in your state, consider adding them to your
policy for greater financial protection.
Who is covered by my auto insurance—and under what
circumstances?
Your auto policy will cover you and other family members on your policy, whether
driving your car or someone else’s car (with their permission). Your policy also provides
coverage if someone who is not on your policy is driving your car with your consent.
Your personal auto policy only covers personal driving, whether you’re commuting to
work, running errands or taking a trip. It will not provide coverage if you use your car for
commercial purposes—for instance, if you deliver pizzas.
Personal auto insurance will also not provide coverage if you use your car to provide
transportation to others through a ride-sharing service such as Uber or Lyft. Some auto
insurers, however, are now offering supplemental insurance products (at additional cost) that
extend coverage for vehicle owners providing ride-sharing s
Take appointment with the surveyor and take your vehicle to any of
TATA AIG General Insurance authorized network garages for repair,
for cashless service. Submit the require documents to the surveyor
https://www.coverfox.com/car-insurance/tata-aig-car-insurance/
https://www.policybazaar.com/insurance-companies/tata-aig-car-insurance/
https://www.tataaig.com/motor-insurance/car-insurance/standalone-own-
damage-car-insurance?
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