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Milton Moraes 70 Vishal Mehta 66 Hitesh Paliwal 74 Jaymit Rawal 86

Ajit Rawat 88 Dhara Shah 97

Roshani Vichare 112

&ladrai Dalmia Lions College of Commerce Economics

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Features

• Valid Contract

•Return of premium•Terms of policy• Cause is certain•Premium paid is consideration• Warranties•Assignment•Nomination

• Valid Contract

• Return of premium

• Terms of policy• Cause is certain• Premium paid is consideration• Warranties•Assignment•Nomination

8/4/2019 Banking & Insurance Lll-Sem

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pes of Life InsuranceLife Insurance . n do wm ent P ro du ct s

( .)Term 20yrs

+Sum Assured Bon

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=P limited period

( .)Term 20yrs

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E

nd

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.An n u i t i e s.45 yrs .65 yrs

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End

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% +40 bonus

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+Full Sum Assured Bonus

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PARALYSISCANCER KINDNEY HEART

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.assured is less than 1 lakh then wife need not be a working member

.allowed for women that have undergone 3 or more cesarean operations’ .e s income is also considered to take up husbands insurance

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ØParents or even the uardian can propose the iØ =Minimum sum assured 1 lakh maximum sum assure

Komal Jeevan

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r consideration paid by the insured to the insurance company for purchasing the

.e plan and term

d by the insured to insurer on commencement of the policy and thereby pay on re

, .determined taking into account the interest component, , .their expenses contingencies fluctuations

.made and then the premium is calculated paid monthly , -half yearly or yearly

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tribution Channels in Life Insurance Business tribution Channels in Life Insurance Business

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Milton ™