About Environ Ment

In: Social Issues

Submitted By vdurga
Words 2265
Pages 10
Study Material for United India Insurance
Assistant Officers Exam

Powered by

www.Gr8AmbitionZ.com your A to Z competitive exam guide

United India Insurance AO Exam Study Material – Powered by Gr8AmbitionZ.com



Introduction: What is insurance?


Well it simply means protection against future contingent losses. Insurance provides financial protection against a loss arising out of happening of an uncertain event. A person can avail this protection by paying premium to an insurance company.


A pool is created through contributions made by persons seeking to protect themselves from common risk. Premium is collected by insurance companies which also act as trustee to the pool.
Any loss to the insured in case of happening of an uncertain event is paid out of this pool.
Insurance works on the basic principle of risk-sharing. A great advantage of insurance is that it spreads the risk of a few people over a large group of people exposed to risk of similar type.




Insurance is a contract between two parties whereby one party agrees to undertake the risk of another in exchange for consideration known as premium and promises to pay a fixed sum of money to the other party on happening of an uncertain event (death) or after the expiry of a certain period in case of life insurance or to indemnify the other party on happening of an uncertain event in case of general insurance.
-Insurance Act 1938



The party bearing the risk is known as the 'insurer' or 'assurer' and the party whose risk is covered is known as the 'insured' or 'assured'.

Concept of Insurance



The concept behind insurance is that a group of people exposed to similar risk come together and make contributions towards formation of a pool of funds. In case a person actually suffers a loss on account of…...

Similar Documents

About Me

...“Learning About Myself” Cindy Radford Nursing Analysis, NUR 2430 Ms. Phyllis Hosey November 22, 2011 “Learning About Myself” In developing ideas for this paper, I have learned a lot about myself. I have learned that I am a lot more complex than I originally thought. I have a multitude of strengths and weaknesses and I think I could make a positive impact on the nursing world after graduation. I am in the process now of learning how to use my strengths for greater good and turn my weaknesses into something positive that I can use to build on. In order to discuss some of my strengths and weaknesses, I have to first tell you about why I wanted to become a nurse. When I was growing up, I had a bit of a rocky childhood. I was bounced between parents a lot and moved so much it was hard to make, and keep, friends. At the age of five, I was left at my grandparent’s home for the weekend by a mother that never came back for me. She left the country and left me behind. From that point on, I was raised by my grandmother and grandfather. They were wonderful to me! They saw to it that I was raised with manners and instilled in me that education was very important. I always knew they chose to raise me and that made them very special in my life. I worked my entire life to be able to do for them like they had for me over the years and when I was 25 years old, I got the chance. My grandfather was diagnosed with Alzheimer’s disease. His health deteriorated quickly and I...

Words: 3053 - Pages: 13

Recruit Ment & Selection

...service department is well versed with the entire process of mandatory paper work involved in buying and selling of flats. They provide customized solutions for every legal formality. ACTUAL STUDY Actual study was a visit to Acme. Proper appointment was granted by the concerned person. I wasn’t kept waiting long. Everything was as per schedule. Later I met Mr. Vency Ferandes, Head HR. The atmosphere was very warm and the ambience was good. We had to remove our footwear outside...this shows the organizational culture. Then the actual discussion about recruitment and selection started. Knowledge was imparted on both the sides. The HR team in Acme consisted of 3 persons. Mr. Fernandes, Recruiter and Admin. Vency has been in this organization since a long time. HE started working in the field of HR since 1988. Later did LAW. 10 years after working he did part time MBA from ITM in New Bombay. People’s opinion about Vency is that He does not market himself well enough. S0o He gets paid lesser than his counterparts. He works @ 50% of market rate. When Vency was HR, it was not as glamorous as it looks today. Today HR is recognised and publicised. TABULATION | |Acme |Fairgrowth |Contactx | |What is Recruitment |Inducting manpower to fill up |Choosing the best candidate |Sourcing the......

Words: 2324 - Pages: 10

International Manag Ment

...must close their business in the country. The regulations and laws that the producers must be mention such as minimum wage laws, labor laws, safety and sanitation requirement, and trade union organizing provision. This regulations and laws is made because the country have to protect their labor right. Second factors that the producers must consider to come in the foreign country is the culture of the country. It factor is important for producer to make their business suitable and acceptable by the country. It is because if the business is against the culture of the country the business cannot running because the citizens of the country not be support the business. Moreover, in contacts of culture of the country, producer must be care about the labor culture of working such as the methods of working, the time of working, the amount of salary that provide, the conditions of workplace and others. It is because the producer must follows their culture of working for prevent the issues that can be affected the company businesses. The third factors that the producer must consider to come in the foreign country is the technological of the country. The producer must use the suitable technological for the country. It is because if the producer use the low technical from the country , the country will decrease their believable to the producer because they look their technological is more better. But , if the technological that producer use is very high the country also don’t know......

Words: 4127 - Pages: 17

My Opinion About About Marxism

...My opinion about about Marxism I will start by saying I admire both the great Karl Marx and Friedrich Engels whom through their ideas and inspiration gave birth to Marxism. Marx was a creative,idealist and a determinist scholar who was willing to change his mind when he's confronted with new ideas. I also believe that there were two Marx in the sense that the young Marx was more of revolutionist while the matured Marx was more of economist. I wouldn't want to discuss in details about Marx's ideas but I believe that he was one of the greatest political scientist in the seventh century whose theories about society, economics and politics created the term Marxism. Marx basically believed that human societies progress through class struggle: a conflict between an ownership class that controls production and a proletariat that provides the labour for production. He called capitalism the "dictatorship of the bourgeoisie," believing it to be run by the wealthy classes for their own benefit; and he predicted that, like previous socioeconomic systems, capitalism produced internal tensions which would lead to its self-destruction and replacement by a new system: socialism. He argued that under socialism society would be governed by the working class in what he called the "dictatorship of the proletariat", the "workers' state" or "workers' democracy". He believed that socialism would eventually be replaced by a stateless, classless society called communism. Yes it's true......

Words: 940 - Pages: 4

Siminar in Manage Ment

...There is another department which nothing to do just now. 1- Statistics and research department. 2- Supervision department 3- Loan department 4- All the department there is a relationship between us which is regularly Although responsible the creating budgeting and controlling of accounting department. 5- There anther department which has a Bank branches which under department of Bank, that located 1. Branch of Hargaysia 2. Branch of Gebiley 3. Branch of Boraoama 4. Branch of Burco 5. Branch of Caynabo 6. Branch of Berbera 7. Branch of Lascanood 8. Branch of Ceerigabo General Secretary Department 1) This department responsible all the information about Bank. The document s which sending local and international, A branch of Bank and things has a near relationship. 2) Department of monitoring and inspector , auditing which responsible research and auditing and responsible for the Bank, the general director of Bank. Write latter which investigate, but they are not independent direct to what they are investigate. 3) Personnel department office Which is responsible the employee s affairs what related employees need , creating their programs and promotion , monitoring when employees makes bad action things which is an ethics ,that means transmitted bad thing to another and they transmitted the director of Bank . 4) General central cash department Department of personnel which responsible manage of......

Words: 319 - Pages: 2

About Research

...TAUCHI – Tampere Unit for Computer-Human Interaction Essential features of a research plan Veikko Surakka Research Group for Emotions, Sociality, and Computing Tampere Unit for ComputerHuman Interaction, TAUCHI School of Information Sciences University of Tampere TAUCHI – Tampere Unit for Computer-Human Interaction Essential features of a research plan Contents • What is a research plan? – General overview • Functions • About preparation process • Structure – Central components of the plan • Language – Expertism versus clarity – Some hints • Summary 1 TAUCHI – Tampere Unit for Computer-Human Interaction What is a research plan? • It is really a plan, and an explication of your research There can be different levels of plans – General level • Our focus today • – Very detailed • E.g. in experimental research there are tens of details of how to carry out each individual study Actually these are implementation plans, but NOTE that you must have them! • TAUCHI – Tampere Unit for Computer-Human Interaction What is a research plan? It has several functions: • Forms the basis of your research project and the subsequent work leading up to the preparation of – your thesis or – your manuscript for a scientific publication • It should clearly communicate your research ideas to other people – Evaluators • Note that they may not be experts in your specific area of research TAUCHI – Tampere Unit for Computer-Human Interaction What is a research plan? • The central aim......

Words: 1540 - Pages: 7

Women Empower Ment

...life Ownership and power distribution Owner of an income-generating source New knowledge and capabilities 8.3.1 8.3.2 8.3.3 8.3.4 8.3.5 9 References Conclusion and Recommendations Internet Sources Verbal Sources Appendices: 1. Table of sample characteristics 2. Map of Bangladesh 3. Interview guide (a) 4. Interview guide (b) 2 1 Introduction The diffusion of Information and Communication Technology (ICT) has come to play a major part in development programs around the world. Among them, the mobile phone have been used in various such programs, to combat poverty and give the people a chance to join the new information society that is widely spoken of and experienced in Western societies. But there is a tendency of being too optimistic about technology and believe that by simply implementing a certain technology certain outcomes will be noticed. People use mobile phones in different ways, for different purposes and in different contexts. Hence people will benefit differently from such a device. Grameen Telecom is one ICT development program, initiated in Bangladesh and repeated in African countries also (Scheen, T., 2008). It aims to diffuse the advantages of the mobile phone to rural people that have no other access to telecommunication services and thus include them in combating their poverty. The program targets women to become owners of a mobile phone and start a small enterprise by renting it to others, and is said to change the power relations among men and women.......

Words: 22176 - Pages: 89

About Ip

...Executive summary According to assignment brief, I have to do a case study about intellectual property. So in this assignment, first I will through the definition of intellectual property to talk about what it is; after this I will discuss about what are the purpose why some countries have to protect its intellectual property; and then, I will through a recent litigation between Huawei and Cisco to show how important is the intellectual property for a companies. After that, I will analyses the current situation of intellectual property protection in China; and then, I will list some recommendations for China, in order to improve the intellectual property protection. At last, I will take my conclusion of the intellectual property protection. About intellectual Property “Intellectual property”, this term was first proposed by the French scholar Karp Niyazov in the mid-17th century; after that it develop by the famous Belgian jurist Picardy, and Picardy defined it as “the right of every intellectual activity”. Until after the “world intellectual property organization” convention in 1967, this term became gradually use in the whole world. The intellectual property basically means that people has the exclusive rights on their intellectual labor by law. Usually, the intellectual property can be divided into two types of industrial property and copyright. The industrial property includes inventions (patents), logo, industrial designs and trademarks; copyright includes......

Words: 2562 - Pages: 11

About Bangladesh

...countries of the world. She has an area of about 1,48,393 square kilometers. The population of Bangladesh is about 16 crore. Bangladesh is surrounded by Indian territory on three sides and the Bay of Bengal is situated on the south. * Origin of Bangladesh : Bangladesh was not Independent before. The country gained freedom twice – once from Britain in 1947 as Pakistan and next from Pakistan on 16 December, 1971 after fighting a bloody fight for nine months. * Situation and Capital : Bangladesh is situated in the South East Asia continent. India and Myanmar are our neighbor countries. India is to the west, east and north. Myanmar is to the east-south corner of the country and the Bay of Bengal is to the south of the country. The capital of our country is Dhaka. * Climate and Seasons : The climate of Bangladesh is hot and humid. There are six seasons in Bangladesh. They are summer, rain, autumn, late autumn, winter and spring. The land of Bangladesh is plain and fertile. Plenty of crops and vegetables grow in the land. Rice is our main crop. Jute and tea are the main cash crops of Bangladesh. * Rivers : Bangladesh is a land of rivers. The Padma, the Meghna, the Jamuna, the Brahmaputra and the Karnafuli are the main rivers of Bangladesh. * Religion : Bangladesh is a multi religious country. People of different religions live here. The Muslims, the Hindus, the Buddhists and the Christians are most important among them. About eighty per cent of the......

Words: 658 - Pages: 3

Recruit Ment

...type of post is given? 1. Promotion 2. Transfer 3. Both 4. Is internal hiring helps in Motivating the employess? Yes No 5. Do, you think, there has been a change in recruitment and selection polocies over the year in company? Yes No 6. What are the qualities of Vadilal Company’s recruitment system? 1. Quick response time for recruitment 2. Bringing in quality people 3. Proper co-ordination with other department 4. All of the above 7. How do you think about recruitment and selection procedure in company? 1. Excellent 2. Very good 3. Good 4. Poor 8. What are the jobs sites from which vadilal select the source of resumes? 1. Nokari.com 2. Times.com 3. Monster.com 9. How many stages are included in the selection process? 1. Two 2. Three 3. Four 10. Which test organisation coduct for selection of candidate? For Junoir leval, 1. Aptitude 2. Intelligence 3. Personality 4. Psychological 5. Skill based test For middle leval, 1. Aptitude 2. Intelligence 3. Personality 4. Psychological 5. Skill based test For higher leval, ......

Words: 441 - Pages: 2

Managerial Manage Ment

...Easton's research does conclusively show that there are economic benefits in the legalization of marijuana. With governments scrambling to find new sources of revenue to pay for important social objectives such as health care and education expect to see the idea raised in Parliament sooner rather than later. Questions: 1. Plot the demand schedule and draw the demand curve for the data given for Marijuana in the case above. 2. On the basis of the analysis of the case above, what is your opinion about legalizing marijuana in Canada? Case let 2 3 IIBM Institute of Business Management Examination Paper of Managerial Economics The Stock Market The stock market is very close to a perfect competitive market. The price of a stock usually is determined by the market forces of demand and supply of the stock and individual buyers and sellers of the stock have little effect on price (they are price-takers). Resources are mobile as stock is bought and sold frequently. Information about prices and quantities is readily available. Funds flow into stocks and resources flow into uses in which the rate of return. Thus stock prices provide the signal for efficient allocation of investment in the economy. However, imperfections occur here also though the stock market is very close to a perfect competition, for example, sale of huge amount of stocks by a large corporation will certainly affect (depress) the price of its stocks. Question 1. Find out the characteristic of......

Words: 1369 - Pages: 6

Marketing Manage Ment

...Brand image 1 IIBM Institute of Business Management Examination Paper of Marketing Management 6. It involves a pricing strategy that charges customers different prices for the same product or service. a. Promotional pricing b. Price discrimination c. Non price competition d. None of the above 7. It refers to an arrangement where another company through its own marketing channel sells the products of one producers. a. End customer b. Wholesaler c. Retailing d. Strategic channel alliance 8. It involves facility consisting of the means & equipments necessary for the movement of passengers of goods. a. Logistics b. Warehousing c. Transportation d. None of the above 9. The advertising which is used to inform consumers about a new product or feature & to build primary demands is known as: a. Advertising b. Informative advertising c. Persuasive advertising d. Advertising strategy 10. An art that predicts the likelihood of economic activity on the basis of certain assumptions: a. Compensation b. Sales forecasting c. Sales budgeting d. Selling policy Part Two: 1. Define Marketing Mix. 2. Discuss the concept of Benchmarking. 3. Write a short note on Target Marketing. 4. What do you understand by Pricing Strategy? END OF SECTION A Section B: Caselets (40 marks) 2 IIBM Institute of Business Management Examination Paper of Marketing Management      This section consists of Caselets.  Answer all the questions.  Each......

Words: 4248 - Pages: 17

About It

...that customers are aware of the existence and positioning of products. Promotion is also used to persuade customers that the product is better than competing products and to remind customers about why they may want to buy. There are different ways to promote a product in different areas of media. Promoters use internet advertisement, special events, endorsements, and newspapers to advertise their product. Many times with the purchase of a product there is an incentive like discounts, free items, or a contest. This is to increase the sales of a given product. A promotional mix specifies how much attention to pay to each of the five subcategories, and how much money to budget for each. For the last part, a conclusion/recommendation section is added to formally end up the discussion. Promotional activity aims in the transmission of information on products for sale, offering consumers and raising potential and turning them into actual buyers. Promotional policies are an important component of marketing policy, including essentially all actions which made the communication of the firm with its external environment, to influence consumer behaviour. Communication system involves the use of forms of business information and consumer incentives, following submission of complete information about activities, products and services comp Introduction Tropical Spring Water Company was founded in Sydney in the early 1990s by three middle managers who at a time work in the same......

Words: 1262 - Pages: 6

About Me

...Questions about the Volkswagen Scandal: Volkswagen is embroiled in one of the biggest corporate scandals of recent years. The German car maker has been installing “defeat devices “– software that allows cars to cheat in emission tests, making them appear than they actually are. What is Volkswagen accused of? Volkswagen’s software allowed it to beat the tests in a lab, but when on the road with emissions controls switched off, cars would pump out nitrogen oxide (NOx) at up to 40 times the legal limit. Crucially, the software “knew” when it was being tested, allowing it to switch emissions controls on and off. The Environmental Protection Agency (EPA) found that many VW cars being sold in America had devices in diesel engines that could detect when they were being tested. The EPA’s findings cover 482,000 cars in the US only, including the VW- manufactured Audi A3, and the VW brands Jetta, Beetle, Golf and Passat. Who is to blame? It’s not yet clear who is responsible for fitting the cheating software. Martin Winterkorn, the German company’s chief executive, accepted responsibility when he resigned, but denied any wrongdoing on his part. Prosecutors in Germany have opened a criminal probe into Mr. Winterkorn. Mr. Winterkorn is replaced by Matthias Mueller, the boss Porsche. Where did the incident happen and why did Mr. Winterkorn resign? This scandal has happened in the United States of America. Mr. Winterkorn denied having any knowledge of the emissions......

Words: 869 - Pages: 4


...different soul music. Many songs and artist we know today have introduced us to this what we called soul music. In this paper I will talk about the some artist that has made an impact in today’s music and not only that, how African American music has affected history of our heritage. Soul music is gospel-influenced African American popular music style that began to emerge in the late 1950s and became popular during the 1960s. (Maultsby, 277) There were many artist back in the day that made soul music very influential Ray Charles and James Brown was known for the similarity of having a black gospel back ground then transforming their sound into blues that lead to the sound of “soul music”. When the artist Sam Cook released a song call “A Change Is Gonna Come” it had a huge impact on the society because this was the time around the Civil Rights Movement. The Civil Rights Movement is a movement beginning in the late 1940s and blossoming in the late 1950s to the mid-1960s that pushed for equal rights for African Americans. (Maultsby, 277) In the year of 1964 when Cooks song came out he had died and there was a signing of the Civil Rights Act. Many people thought the song “A Change Is Gonna Come” had marked from rhythm and blues to soul. This songs is known as a gospel style. By just these three men singing the types of songs that were passionate about made a tremendous impact on how the world look at soul music today. Soul music is what I believe brings families together......

Words: 516 - Pages: 3

Californication | Patience! Conviction! Revenge! #4 December 12, 2018 | └ Immobilien