scholarly journals ANALISIS CADANGAN MANFAAT DENGAN MENGGUNAKAN METODE RETROSPEKTIF PADA ASURANSI JIWA BERJANGKA

2020 ◽  
Vol 2 (1) ◽  
pp. 1
Author(s):  
Bachyurah Bachyurah ◽  
Ikhsan Maulidi ◽  
Intan Syahrini ◽  
Nurmaulidar Nurmaulidar
Keyword(s):  
Life Insurance ◽  
Insurance Contract ◽  
Insurance Company ◽  
Life Insurance Company ◽  
Risk Of Death ◽  
The Future ◽  
A Company

The insurance company is a company that protects its customers from unwanted events in the future. A life insurance company should prepare a benefit reserve funds to be given to customers if the customers experience a risk of death in the future. Therefore, the insurance company must manage the benefit reserves so that the company does not have a loss. The purposes of this study are to calculate both the amount of annual net premiums and the amount of benefit reserves in term life insurance. The method used to calculate the value of the benefit reserve was a retrospective method. The results of the calculation of annual net premiums for large annual premiums for expenditures that are greater than those greater for the same period. While the value of insurance reserves will continue to increase at the beginning of the insurance contract begins and the value of insurance reserves will continue to increase towards 0 at the end of the insurance contract. This is because at the beginning of the company insurance payments obtained from annual net premium payments will be greater than the amount of benefits that must be approved.

Regarding the Mortality Investigation, instituted by the Actuarial Society of America and now in progress

1902 ◽  
Vol 37 (1) ◽  
pp. 1-15 ◽  
Author(s):  
David Parks Fackler
Keyword(s):  
New York ◽  
Life Table ◽  
Life Insurance ◽  
Heterogeneous Materials ◽  
Insurance Company ◽  
Life Insurance Company ◽  
Grand Average ◽  
The Future ◽  
General Experience ◽  
Special Classes

In October 1900, on the morning of the first day of the autumnal meeting of the Actuarial Society of America, Mr. Emory McClintock, Actuary of the Mutual Life Insurance Company of New York, read a paper entitled “The Objects to be attained in Future Investigations of Mortality and Death Loss”, in which he stated that probably four-fifths of the publications of companies' general experience possessed only a “casual interest”, and that the same amount of effort might much better have been devoted to investigating special classes of business, adding that “it is “more important to the future interests of life insurance to learn “how fishermen compare with farmers, how physicians compare “with clergymen, and the like, than it is to gather all these “heterogeneous materials into one grand average in the form of “a new life table.”

On the Liquidation and Reconstruction of an Insolvent Life Insurance Company

1871 ◽  
Vol 16 (4) ◽  
pp. 229-243 ◽  
Author(s):  
T. B. Sprague
Keyword(s):  
Life Insurance ◽  
Practical Importance ◽  
Insurance Company ◽  
Life Insurance Company ◽  
Life Assurance ◽  
Court Of Chancery ◽  
First Time ◽  
A Company

The first question that must be considered in connection with this subject is,—When is a Life Insurance Company insolvent? This question has recently acquired greater practical importance in consequence of the passing of the “Life Assurance Companies Act, 1870,” by which it is for the first time in effect enacted that an insolvent Life Office may be wound up, altho it has not committed any act of bankruptcy. Under the old law, even if such a Company were notoriously insolvent, it may be said that practically there was no means of putting a stop to its operations until it failed to pay an accrued claim. This has now been altered, and a Company that is proved to be insolvent can be wound up. The 21st section of the above Act provides that the Court of Chancery “may order “the winding up of any Company in accordance with the Companies “Act, 1862, on the application of one or more policyholders or “shareholders, upon its being proved to the satisfaction of the “Court that the Company is insolvent, and in determining whether “or not the Company is insolvent the Court shall take into account “its contingent or prospective liability under policies and annuity “and other existing contracts.”

International Expansion — A United Kingdom Perspective: A Discussion Paper

2000 ◽  
Vol 6 (1) ◽  
pp. 3-54 ◽  
Author(s):  
D.J. Grenham ◽  
D.C. Chakraborty ◽  
A. Chatterjee ◽  
P.J. Daelman ◽  
B. Heistermann ◽  
...  
Keyword(s):  
United Kingdom ◽  
Life Insurance ◽  
Insurance Markets ◽  
Insurance Company ◽  
International Expansion ◽  
Life Insurance Company ◽  
Discussion Paper ◽  
A Company ◽  
Overseas Market

ABSTRACTThis paper looks at the reasons why a UK life insurance company would wish to consider expanding into an overseas market, the factors it ought to bear in mind when deciding upon which country or countries to enter and the entry routes open to a company wishing to expand overseas.By way of examples of overseas life insurance markets, the paper provides a detailed description of the German and Indian life insurance markets.

Life Office Solvency and Insolvency.

1978 ◽  
Vol 22 ◽  
pp. 1-44
Author(s):  
D. G. R. Ferguson
Keyword(s):  
Life Insurance ◽  
High Order ◽  
Insurance Companies ◽  
Insurance Company ◽  
Life Insurance Company ◽  
The Law ◽  
A Company

It is quite impracticable to devise an equitable mode of winding-up an insolvent life insurance company (5).A company being found to be insolvent, what is to be done with it ?… The actuaries have unanimously recommended a reduction of the sums assured, the same premiums being paid, but the lawyers have agreed that this is impracticable … The actuaries are able to take a much higher view; they need not consider what is the law, but what is most consistent with real and substantial justice to all parties. In fact, we may sum it up by saying that the courts of this country are not courts of justice but courts of law (4).[In relation to a method of treating insolvent life insurance companies as a closed fund] Its simplicity, and the entire absence of opportunity for the kind of deception and fraud usually committed by those who manipulate the assets of insolvent companies, are its most striking merits, and are certainly merits of a high order (1).

scholarly journals Claim Settlement Process of Life Insurance Services - A Case Study of ICICI Prudential Life Insurance Company

2014 ◽  
Vol 35 ◽  
pp. 26-32 ◽  
Author(s):  
Rajesh K. Yadav ◽  
Sarvesh Mohania
Keyword(s):  
Life Insurance ◽  
Secondary Data ◽  
Insurance Company ◽  
Life Insurance Company ◽  
Research Papers ◽  
Risk Of Death ◽  
Investment Option ◽  
Cover Up

Life insurance is mainly taken to cover up risk of death/disability in term of monetary terms and secondary for the purpose of better return as investment option. Claims are filed at the time of maturity or in case of death/disability. The study focuses on the claim settlement process of life insurance services of ICICI prudential life insurance company. With the increasing numbers of policies, numbers of claims are also increasing in ICICI prudential life insurance company. Therefore it is very much essential to have simple and clear claim settlement process. The study is based on the secondary data collected from IRDA and research papers from various journals. The study concluded that in ICICI prudential life insurance company with their “Customer First” approach efficiently perform their claim settlement process.

Tuesday Evening

PMLA ◽  
1935 ◽  
Vol 50 (4) ◽  
pp. 1357-1357
Keyword(s):  
Life Insurance ◽  
Insurance Company ◽  
Life Insurance Company ◽  
Local Committee ◽  
Tuesday Evening

On Tuesday evening the members of the Association, and attending members of their families, were entertained with a buffet supper at the Queen City Club at 7:30 p.m. at the invitation of Messrs. Joseph S. Graydon, John J. Rowe, and other Cincinnati friends of the Association. Following this supper an entertainment arranged by the Local Committee was presented in the Hall of the Western and Southern Life Insurance Company. Attendance: about 900.

Hr Practices And Hr Policies At Icici Prudential Life Insurance Company Ltd

Think India ◽  
2019 ◽  
Vol 22 (3) ◽  
pp. 348-354
Author(s):  
T. Krishna Veni ◽  
G. Kalyani
Keyword(s):  
Human Resources ◽  
Life Insurance ◽  
Insurance Company ◽  
Life Insurance Company ◽  
Hr Practices ◽  
Commercial Center

The job of Human Resources is changing as quick as innovation and the worldwide commercial center. Generally, the HR Department was seen as organization, kept individual documents and different records, dealt with the enlisting procedure, and gave other authoritative help to the business. Those circumstances are different. The positive consequence of these progressions is that HR experts have the chance to assume a progressively vital job in the business. The test for HR chiefs is to stay up with the latest with the most recent HR developments—mechanical, lawful, and something else.

Indian Life Insurance Market and Corporate Performances: A Study of Selected Firms

2016 ◽  
Vol 4 (1) ◽  
Author(s):  
Joy Chakraborty ◽  
Partha Pratim Sengupta
Keyword(s):  
Market Share ◽  
Life Insurance ◽  
Market Concentration ◽  
Insurance Market ◽  
Insurance Companies ◽  
Insurance Company ◽  
Life Insurance Company ◽  
Insurance Sector ◽  
Life Insurers ◽  
Company Limited

In the pre-reform era, Life Insurance Corporation of India (LICI) dominated the Indian life insurance market with a market share close to 100 percent. But the situation drastically changed since the enactment of the IRDA Act in 1999. At the end of the FY 2012-13, the market share of LICI stood at around 73 percent with the number of players having risen to 24 in the countrys life insurance sector. One of the reasons for such a decline in the market share of LICI during the post-reform period could be attributed to the increasing competition prevailing in the countrys life insurance sector. At the same time, the liberalization of the life insurance sector for private participation has eventually raised issues about ensuring sound financial performance and solvency of the life insurance companies besides protection of the interest of policyholders. The present study is an attempt to evaluate and compare the financial performances, solvency, and the market concentration of the four leading life insurers in India namely the Life Insurance Corporation of India (LICI), ICICI Prudential Life Insurance Company Limited (ICICI PruLife), HDFC Standard Life Insurance Company Limited (HDFC Standard), and SBI Life Insurance Company Limited (SBI Life), over a span of five successive FYs 2008-09 to 2012-13. In this regard, the CARAMELS model has been used to evaluate the performances of the selected life insurers, based on the Financial Soundness Indicators (FSIs) as published by IMF. In addition to this, the Solvency and the Market Concentration Analyses were also presented for the selected life insurers for the given period. The present study revealed the preexisting dominance of LICI even after 15 years since the privatization of the countrys life insurance sector.

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