...Thai insurance industry ------------------------------------------------- History The very first actual insurance contract, signed in Genoa in 1347. Contracts were signed by individuals, either alone or in a group. They each wrote their name and the amount of risk they were willing to assume under the insurance proposal. And then in 1688, the first insurance company was established as the widespread of insuring cargo while being ship throughout the maritime nations of Europe. It started at Lloyd’s Coffee House where merchants, ship-owners, and underwriters met to transact their business. And then Lloyd’s become one of the first modern insurance companies, Lloyd’s of London. Insurance in Thailand start around Ayudhya period when there is trade between Thai and foreigners. Foreign merchants brought marine insurance into Thailand which is first non-life insurance in Thailand. During King Rama the fourth era, there are many France department stores which some of them are representative of insurance company such as Netherlands Indea Sea and Fire Insurance Company, Ocean Marine Insurance Company, and Colonial Sea and Fire Insurance Company. And then in 1908, there is the first Act of Parliament about insurance in Thailand. For the life insurance, in Thailand, it was started in the era of King Rama the fifth by some foreign insurance companies. At first, nobody was interested in it so the business turned out to be an unsuccessful. After that, in WWI period, life insurance had growth...
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...Drawal of foreign exchange for ceratin categories of transactions included in three schedules as following : 1. Schedule I : expressively prohibited activities for foreign exchange transactions 2. Schedule II : activities for which approval from concerned department or ministry of government of india is required 3. Schedule III : activities for which prior approval of reserve bank of india is required for remittance exceeding the specific limits. Note : drawal of forex also includes use of ICC, IDC , ATM cards Purpose and code | Description | Limits | Documents required | Travel for medical treatment – S0304 | Foreign exchange medical treatment abroad . a person who has fallen sick after proceeding abroad may also be released forex. | USD 100000 If amount is exceeding , estimate from the doctor in india or hospital /doctor abroad is required to be submitted | Self declaration (application cum declaration form A-2 ) | Business travel S0301 | Attending a conference or specialized training or for maintenance expenses of a patient going abroad for medical treatment or check up abroad or for accompanying as attendant to a paient going abroad | | | Travel for pilgrimage S0303 | | | | Travel for education S0305 | | | | Other travel including holy trips and payment for settling international credit card transactions S0306 | | | | Life insurance premium except term insurance S0601 | | | | Other general insurance premium including reinsurance...
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...Reasons for traveling include recreation,[5] tourism[5] or vacationing,[5] research travel[5] for the gathering of information, for holiday to visit people, volunteer travel for charity, migration to begin life somewhere else, religious pilgrimages[5] and mission trips, business travel,[5] trade,[5] commuting, and other reasons, such as to obtain health care[5] or fleeing war or for the enjoyment of traveling. Travel may occur by human-powered transport such as walking or bicycling, or with vehicles, such as public transport, automobiles, trains and airplanes. Motives to travel include pleasure,[6] relaxation, discovery and exploration,[5] getting to know other cultures[5] and taking personal time for building interpersonal relationships. Travel may be local, regional, national (domestic) or international. In some countries, non-local internal travel may require an internal passport, while international travel typically requires a passport and visa. A trip may also be part of a round trip, which is a particular type of travel whereby a person moves from their usual residence to one or several locations and returns. Travel safety See also: Air safety and Automobile safety Travelers in a China Southern Airlines airplane. Air travel is a common means of transport. It's important to take precautions to ensure travel safety.[7] When traveling abroad, the odds favor a safe and incident-free trip, however, travelers can be subject to difficulties, crime and violence.[8] Some...
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... Answer: The globalization of health care saves the United States from 20 to 35 percent of those costs in the United States. Countries like Mexico, India, and Singapore are the three largest recipient countries of American patients where more of 1 million patients were treated in 2007. The international movement of health personnel across borders has become a significant component of the trade in health services and has attracted considerable attention in the scientific and lay press A number of factors are driving the globalization facilitating which is discussed below: * Health care and health insurance in the U.S. is becoming more expensive * Travel is relatively inexpensive and very fast * Communications technologies allow information to be shared almost instantly around the world * Some insurance companies are starting to experiment whit payment for foreign treatment at internationally accredited hospital * Quality of treatment is comparable. One of the primary reasons of facilitating globalization is the high cost of medical care in the United States, which is the source of the largest number of patients. About 45 million Americans are uninsured and many more are underinsured and they are faced with high copayments for some of their expensive procedures. The decline in barriers of free flow of health care services has facilitated and allowed health care to start globalizing. The cost of medical services in other...
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...Presentation on tours and travel Introduction * Majority of time, transportation essentially means air ticketing. This falls under aviation industry which is a part of transportation. The basis service required by traveler, whether business or leisure- transportation (air, rail tickets), hotel booking & car rentals. * Primary service providers in the travel and tourism industry are airline, railway, bus, cruise liner, hotels. * Secondary services that are needed by the traveler are passport, visa foreign exchange telephone calling cards etc. therefore if traveler has go arrangement for / her traveler plans * Overview of tour and travel Travel agencies * In 1841, Thomas cook was the first agent to buy tickets in bulk and sell them to the public. * In 1845 Thomas cook set up a full time excursion agency to organize excursions including railway booking, transport, hotel accommodation, sightseeing, guide services and meals. * They provide services like railway authorities, airlines, hotels; travel formalities such as passport, visa, foreign currency, traveler cheque and other transport gave him commission on sales made by it. * This way travel agency came through Role of travel and tour towards economic * People in general now view travel & tour as a way of life rather than a luxury item reserved for the affluent and the elite. * The tourism industry has emerged as one of the fastest growing industries, contributing to 10%...
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...[pic] STUDENT ASSESSMENT INFORMATION SHEET Module & Code : Managing Finance (BM059-3.5-2) Intake Code : UC2F1205AF Lecturer : RAJA RIZAL ISKANDAR BIN RAJA HISHAM Issued Date :18 September 2012 Start Date : 4 September 2012 End Date :18 September 2012 • Issued Date will be the actual date this SAIS given to students. • Start Date will be the week the Intake commences & the End Date will be the week the Intakes ends Breakdown of Assessment |No. |Description |Marks Distribution | | | |( % ) | |1. |Incourse Assessment |50 | |2. |Final Exam |50 | | |Total |100 | Planned Schedule of Incourse Assessments |No. |Description |Marks |Hand Out Date |Hand In Date |Return Date | | | ...
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...genuine visa. Anyway, if you an illegal immigrant; then applying for a genuine visa is a tough job. In this article, we explain you mistakes to avoid and what should do when visiting a foreign country. Let's get started! * Talk to Melbourne Immigration Services to know about must-have documentation when applying for a visa. Travel documents are extremely important for getting your visa application approved. Lack of documentation to support the visa application is one of the most common reasons behind results. For example, you move from Melbourne to Moscow for a visit. You should produce ample "valid documents" at both ends. What documentation you will have to provide may vary from country to country. Countries like the UK, US, and Australia have tough immigration rules and regulations. Getting a visa to those countries is not a piece of cake today....
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... • The meaning of international trade. • Major parties in international trade. • Reasons for international trade. • Advantages of international trade. • International trade barriers. • The role of banks and financial institutions in international trade. 2. The Foreign Exchange Market • The meaning of foreign exchange market. • Participants in the foreign exchange market. • Functions of foreign exchange market. • The mechanism of foreign exchange transfer. • Relationship between foreign exchange market and money market. • Systems and procedures for inter bank foreign exchange trading. 3. Exchange Rates • Definition of exchange rate. • Spot exchange rate. • Forward exchange rate. - Premium, Discount and Par. - Adjusting the spot rate. • Direct quotation and forward rates. • Indirect quotation and forward rates. • Factors that influence changes of foreign exchange rates. - Medium, long-term movements. - Short...
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...Benefits: | All employees are covered under the Group Tem Medical insurance that includes their spouse, children and Parents. | Risk Benefits: | Adobe gives Group Term Life Insurance, Group Term Personal Accident Insurance and Business Travel Accident Insurance for all its employees. | Other Benefits | Medical Room FacilityAmount that employees are reimbursed for gym and other qualified fitness memberships: up to US$30 a month | Reference | http://www.adobe.com/careers/benefits.htmlwww.glassdoor.com/benefits/adobehttps://www.facebook.com/note.php?note_id=491995931785 | Compensation and Benefits project Benefits | Intel | Medical Benefits | Intel provides its Indian employees comprehensive medical benefits both in their home country and while traveling. Medical, maternity and dental benefits are available for eligible dependents on a shared premium basis | Risk Benefits | Intel provides its Indian employees receive group term life insurance coverage to ensure for their family's economic well-being at the time of their natural or accidental death. Terminal illness; accidental disbursement within 180 days of an accident; and temporary or permanent total disability benefits are also provided. Supplemental coverage is provided for accidental death that may occur on business travel. | Educational benefits | Intel offers reimbursement for work-related coursework, certificates, degree programs, and foreign language training to eligible employees and that to encourage their...
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...disastrous financial consequences for families as well as individuals. Many consumers have to go without coverage entirely due to the high costs of premiums. However, the costs incurred without health insurance can often threaten an individuals’ financial well-being. Many Americans have already started seeking medical attention abroad due to various economic issues, level of care given, and procedures currently not available in the U.S. Employers have also started seeking different health care options abroad by offering incentives those employees who are willing to go overseas for their major medical surgeries versus having them done in the U.S. at a much higher cost. Ultimately, the U.S. has to do something in order to make healthcare more affordable for Americans, otherwise consumers are going to be forced abroad to look for health care services (McCallum & Jacoby, 2007). By the year 2015 one out of four Americans are expected to be without health insurance. From the year 2000 to the year 2006 health insurance premiums have increased at a rate of seventy eight percent. Since then employee contributions for health insurance premiums have also significantly increased with employers passing the additional costs they have incurred directly to the employee. Many of the insurance plans offered have higher plan deductibles, co-pays and out of pocket expenses, thus increasing more debt for consumers for health care. Many of these employees with families have to decline health coverage...
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...BANK GUIDELINES FOR FOREIGN EXCHANGE TRANSACTIONS Volume - 1 SUMMARIZING Instructions as of 31st December, 1996 issued to Authorised Dealers in Foreign Exchange To be read in conjunction with other instructions, subsequent amendments and modifications issued from time to time. Preface This publication, titled 'Guidelines for Foreign Exchange Transactions', is the successor to the last (1986) edition of the Exchange Control Manual. This is a compilation of the instructions to be followed by the Authorised Dealers and their constituents in transactions relating to foreign exchange. These guidelines come in two volumes. The first volume includes the instructions and the prescribed forms/declarations relating to individual transactions. The second volume dwells on the procedure of reporting of foreign exchange transactions by Authorised Dealers to Bangladesh Bank, and includes the proformas for monthly returns, statements, schedules for such reporting. Both volumes of this first edition of the Guidelines include instructions as on the 31st December, 1996, and should be read with FE Circulars/Circular Letters issued subsequently. Foreign Exchange Policy Department Bangladesh Bank Head Office, Dhaka. CONTENTS CHAPTER PAGES 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Introductory………………………………………………… Authorised Dealers and Money Changers……………………. Bangladesh Bank's Transactions with ADS………………….. Foreign Currency Accounts of the...
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...BDO UNIBANK Inc. Personal: eBanking- online, mobile, atm and phone banking => Bank easy. Bank secure. Bank-on-the-go with BDO. BDO Electronic Banking suits your lifestyle and empowers you to get ahead. It is the fastest, safest, and easiest way to keep track of your finances anytime, anywhere through your personal gadgets i.e. PCs, laptops, tablets, and smartphones. You don't have to wait in line or plan your day around the bank hours as BDO Electronic Banking gives you complete control over your banking needs on demand. Accounts – peso savings, checking- automatic transfer facility, us dollar savings, third currency savings account- time deposit, debit card, cash card and visa travel money card. =>The best way to start. Flexibility that makes a difference in your deposit accounts. Savings and checking accounts are the most basic banking products and all these are offered by BDO. But, did you know that BDO also has customized deposit accounts that have the flexibility to make the most of your money, whatever your stage in life? Throughout these life stages, you will have different needs. As a parent, you would want your children to learn the value of money and how to manage it wisely. As a retiree, you would want to enjoy perks that reward you for your years of hard work. Whether you are single with a career, married with kids, working as an OFW or empty nesting, BDO has a variety of deposit accounts tailor fit to your needs. What’s more, our extended banking hours...
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...Learning the Traffic Laws of a Foreign Country by Kat Saks on August 13, 2012 in Moving & Traveling While traveling abroad can be a big adventure, driving abroad can be an even bigger adventure. When you travel internationally and get behind the wheel, you don’t just experience foreign sights; you experience foreign traffic laws, too. Learn more about how to study foreign traffic laws and obey the rules of the road overseas. 1 Carry an International Driver Permit If you plan on traveling abroad, plan on carrying an international driving permit (IDP). Even if you don’t think you’ll get behind the wheel, an international drivers permit can help you along the way in your travels. You might also consider obtaining international auto insurance. More than 150 countries recognize international drivers permits for tourists, and foreign authorities often recognize this form of identification easily. Your international driver permit contains your name, photo, and driver information and translates that information into ten different languages. So, carrying an international drivers permit can provide an extra form of ID if and when you need it. Besides, you never know when you might need to take the wheel and drive abroad. Most car rental agencies will request an international driver permit when renting in a foreign country, even if this drivers permit isn’t required by the country itself. 2 Learn the Traffic Laws of a Foreign Country Traffic rules vary from country...
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...Indian Institute of foreign trade | Critical Analysis | Identifying International Marketing Opportunities in Medical Services | 04-Nov-12 | Background Medical tourism is becoming a popular option for tourists across the globe. It includes primarily and predominantly healthcare facilities, combined with travel and tourism. The term medical tourism describes the rapidly growing practice of travelling across international borders to obtain cost-effective and high quality medical care. Various countries like Thailand, Malaysia, India, etc are promoting medical tourism aggressively. The key competitive advantages of India in medical tourism stem from the following: low cost advantage, strong reputation in the advanced healthcare segment (cardiovascular surgery, organ transplants, eye surgery etc.) and the diversity of tourist destinations available in the country. The key concerns facing the industry include: absence of government initiative, lack of a coordinated effort to promote the industry, no accreditation mechanism for hospitals and the lack of uniform pricing policies and standards across hospitals. Medical tourism or health care tourism is a rapidly growing multibillion-dollar industry around the world. It is an economic activity that comprises trade in medical services and represents the mixing of two of the largest world industries: medicine and tourism. The case identifies the strengths of India’s medical tourism service providers and points at a number of problems...
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...The Ethical and Legal Complexity of Medical Tourism: Questions of International Justice, Economic Redistribution and Health Care Reform Professor Sarah McBride Toro Longe April 18, 2010 M.J. Thesis in Health Law Abstract This is an essay on medical tourism in the United States of America (U.S.). It includes a brief history of the U.S. health care system, examines the social, cultural, ethical, and legal issues that have affected health care changes in America. With the number of Americans going overseas to seek medical care steadily rising, the American insurance industry expanding benefits, and the Joint Commission accrediting facilities for globalization of the health care marketplace, medical tourism should become increasingly important in the health care industry. While there are many reasons for patients seeking health care outside of their own country, one that is particularly easy to overlook is the outsourcing of health care and its effect in U.S. and around the world. The purpose of this paper is to examine the concept of medical tourism, noting the specific medical tourism destinations, presenting reasons for the recent increase in medical tourism, and examining the risks and benefits, as well as wrestling with the challenging ethical and legal issues inherent in medical tourism. The paper will conclude with consideration of the role of the law in medical tourism. Introduction Over the past 100 years, the United States of America (U.S.) has changed greatly...
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