...MICRO INSURANCE 1.a.MI to the low income people involving modest premium and benefit package b.Based on community risk rating and who remains exposed to variety of risks c. cost effective risk hedging instruments. d.More than 40% hospitalized patients take loans or sell assets for hospitalisationo e.Covering life, accidenet, health and loss of property 2. a.Covering 10 million people and overall market Rs.250 billion b.Rural sector means population upto 5000, density less than 400, >25% in agri.labourers c.covering unorganized, informal, backward, others both in rural and urban d.Covering both life and non life insurance at subsidized insurance premium e.No exit option and non fulfillment attract penalty to insurance company from IRDA 3.a.On supply side, At present single risk coverage 55%, 2 risk coverage 20%, 3 risk coverage 18% b.40 products covering life and accident and 12 products for health c. 23 products to individual and some products to group d. 3 to 20 years period e. 23 products risk and 19 maturity products 4.a. Out of 12 health products, 7 related to group b. Out of 12, 7 related reimbursement of hospitalization expenses,5 related to specific illness c. Exclude delivery and pregnancy related illness d.Single payment premium ( one time payment) upon subscription e. Private insurance have 3 times more products than public sector companies 5.a.On the demand side, out of 51 schemes...
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...The Impact of Micro-Health Insurance on the Access to Health Care Service among the Informal Sector Employee in Nigeria. Saheed O. Olayiwola, Crescent University, Abeokuta. E-Mali: saheedolayiwola@yahoo.com ABSTRACT Health care insurance was formally launched in Nigeria in 2005 as a mechanism of catering of funding health care. The scheme which was designed along three streams of programmes vis: Formal Sector Programme (FSP), Informal Sector Programme (ISP) and Vulnerable Groups Programme (VSP) was currently catered for only formal sector employee. This paper analyze whether or not micro-health insurance scheme can be used to increase access to health care and utilization of health care services by the informal sector employee using the example of Lagos State Mutual health plan and Hygeia Community Health Plan. A binary probit model is employ to estimate the determinants of participation in micro-health insurance and logit/log-linear model is used to measure the impact of micro-health insurance on access to health care services and utilization of health care services in Nigeria. The results shows that participation in micro-health insurance is dependent on household characteristics, coverage of illness, perception about future health care expenditure, age, number of children in the family, knowledge about health insurance, confidence in government policy and that household income and price of health care services have a...
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...hand can modify protocols based on the environment and have a very high degree of flexibility. They can also use unconventional methods to obtain results. * Enthusiasm to work: All said and done, in the end for any rural venture to be successful, what is required is a very high degree of enthusiasm, and an urge to excel. Social work is usually characterized by long working hours, unclear goals, sensitivity towards culture, commitment to the goals. Most private ventures enter this field out of passion and hence have this in plenty. Government officials may or may not be passionate about this project, but have to work on it. This clearly translates into the results. * Need for micro-level approach: Most rural ventures are extremely people oriented and need a lot of work to be done on a micro level and at a small scale. To be able to reach such a small demographic is usually...
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...I was sitting in a Portland Oregon hotel when four words forever changed my business. The keynote speaker at the meeting, a vice president of channel had just finished a surprisingly lack-luster presentation and opened up for questions. An associate from New York City immediately stood and asked, “Do you consider us competition or partners?” The VP answered without skipping a beat, “You are Apple’s competition.” I guess there shouldn’t have been a gasp and rumble throughout the room, but 100+ Authorized Resellers and VARs suddenly realized that they faced an uphill battle. Many would close their doors in the months to come. As an Authorized reseller I bought our Apple branded products from first tier distributors such as Ingram Micro and Tech Data with only small price variances based on the size of the Purchase Order. Smaller PO’s were often ignored or faced delays in shipping. A big reason for the gasp in the room was the increasing trend of Apple product scarcity for resellers. While Apple’s new retail stores had full shelves we had to fight over the leftovers. Often this meant we missed out on the initial surge of purchases made by early adopters. (Eventually Apple would release game-changing products like the iPhone and not allow Apple resellers to sell them.) When Apple opened their new store 5 minutes from one of mine I was forced to pivot or close my doors. We changed from being an Apple Reseller who sold some accessories to more of a system integrator and service...
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...Vol . IV : Issue. 14 ISSN:0975-9999 MICRO, SMALL AND MEDIUM ENTERPRISES (MSME) IN INDIA: AN APPRAISAL Dr.S,Ganapathy Associate professor C.Mayilsamy Doctoral research scholar, Department of International Business and commerce, Alagappa University, karaikudi. ABSTRACT Micro small and medium enterprises help in promoting economic growth and employment opportunity. Before 2006 this sector was called as a Small Scale Industry. Thereafter it was converted as an MSME sector. The MSME growth is incomparable by the help of bank credit. Micro small and medium enterprises and their role in economic growth and employment generation in the Indian context .the article how policy environment for promoting MSMEs changed from ‘protectionism ‘during the pre-1990s to ‘export orientation’ during the post-1990s. The key constraint faced by the MSMEs including access to credit and technology, redtapism and the like. The MSEs to promote the rural economy for in general and rural women empowerment in particularly the rural women are taken ,economic improvement ,social development, and individual decision making through the . MSEs.the MSEs are promoting the rural entrepreneurship. Key words: MSME, SME , SSI, Credit Rating Introduction Indian economy based on rural economy .Father of nation mahatma Gandhi told India “lives in village”. T he r eal national development through the rural economy .the development of rural economy through the r ur al bas ed micr o, small a nd medium enterprises...
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...Ahold Copyright 2010 Trend Micro Inc. Who are we? • We own and operate hundreds of supermarkets in the United States and Europe. • Our brands include Giant, Stop & Shop, Albert, Etos, and more. • Number of Stores: 800 across North America • Number of Employees: 100,000 • Number of Systems: 35,000 Copyright 2010 Trend Micro Inc. Business Objective Key objective: • Achieve compliance especially with PCI • Maintain strong & flexible security baseline Challenge: • Stay current in terms of PCI compliance • Maximize protection on POS endpoints without interference in sales transactions • Minimize time required to manage the solution across 800 stores and lower TCO • Choose a security solution that scales without increasing complexity Copyright 2010 Trend Micro Inc. Evaluation Criteria 1. Best-in-class HIPS, firewall & FIM 2. Multipurpose security agents 3. Centrally controlled file management 4. TCO, footprint and ease of management Copyright 2010 Trend Micro Inc. Trend Micro to the Rescue • Trend Micro Deep Security gave us what we needed in one package – Swiss army knife of protection technologies – Single compact 5 MB agent footprint • Addresses seven PCI regulations and offers more than 20 control capabilities • Specialized agentless protection for virtual systems aligned with our virtualization initiative IDS/IPS Agentless anti-malware Log Inspection Web app. protection Firewall Copyright 2010 Trend Micro Inc. Integrity Monitoring ...
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...ni-msme - the premier institute ni-msme, the pioneer institute in the field of MSME is playing a major role in providing probusiness environment to foster the progress of MSME towards success and prosperity. The raison detre of this Institute is to assist the Government in formulating policies for micro, small and medium enterprises and to help the practising and potential entrepreneurs through a host of services like training, research, consultancy, information, education and extension. The Institute is a training ground for senior technocrats, bureaucrats and bankers who come here to gain expertise and knowledge in order to equip themselves with the latest practices and streamline their operations. Set up in 1960, ni-msme has made valuable contributions by creating an impressive record of achievements beyond the Indian shores, enabling other developing countries to get the benefit of the Institute’s facilities and expertise. ni-msme’s activities are changing from time to time to meet the needs of enterprises in the context of globalisation. Training Programme on MARKETING STRATEGIES FOR SHG PRODUCTS IN THE MODERN ERA (16-18 March 2016) Located in a sprawling and enthralling campus amidst a rich natural setting, ni-msme is well equipped with both physical and academic infrastructure. In keeping with the changing times and technological changes, the Institute has updated its style of functioning by focusing on the use of IT in every aspect of its activities...
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...Ribbons and Bows INTRODUCTION Carmen Diaz, with a ten thousand dollar loan from two of her cousins, and one thousand dollars that she invested in equity, was able to open a specialty store called Ribbons an’ Bows, Inc, which was located in Coconut Grove, Miami, Florida. Four months after opening the business, Carmen’s relatives requested a financial report, which was part of the original business arrangement. Within a short time, Carmen had expanded the business, purchased small equipment, paid wages to a part-time employee, and by all outward indicators, had been running a flourishing business. As Carmen gathered the necessary information to prepare financial statements, she started to scrutinize the transactions and was somewhat perplexed. Carmen realized that numbers were not adding up as she had anticipated. Additionally, it became questionable whether the business was operating successfully, at least when accounting principles were appropriately applied. Statement of the Problem It was fortuitous for Carmen Diaz to have family who were supportive of her small business endeavor, thereby providing start-up funds and legal advice. Carmen’s endeavor can be recognized as a “microbusiness” operation; “microcredit”, microenterprise” and “microfinance” are terms that have been associated with microbusinesses (Datar, 2009). Clearly, Carmen would have benefitted from some professional entrepreneurial guidance that is widely available at no cost in the United States...
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...MICROSOFT WORD KEYBOARD SHORTCUTS Here is a list of keyboard shortcuts which can be very useful if you want to work faster! CTRL Shortcuts: CTRL and A Selects all in the current document. CTRL and B Bold text. CTRL and C Copies the item or text to the Clipboard and can be pasted using CTRL and V. CTRL and D Displays the Font dialogue box. CTRL and E Centre Alignment. CTRL and F Displays the Find dialog box, to search the current document. CTRL and G Displays the Go to dialog box, to go to a specific location in the current document. CTRL and H Displays the Replace dialogue box. CTRL and I Italic text. CTRL and J Full Justification. CTRL and K Create Hyperlink CTRL and L Left Alignment CTRL and M Tab. CTRL and N Creates a new document. CTRL and O Displays the Open File dialogue box. CTRL and P Displays the Print dialog box. CTRL and R Right Alignment. CTRL and S Displays the Save dialog box. CTRL and U Underline text. CTRL and V Pastes the copied item or text from the Clipboard into the current position in the document. CTRL and X Cuts the item or text selected to the Clipboard. CTRL and Y Redo the last undone action. CTRL and Z Undoes the last action. CTRL and ENTER Insert Page Break. CTRL and F2 Show Print preview. CTRL and F4 Closes the active document window. CTRL and F6 Opens the next document window. F and SHIFT shortcut keys: F1...
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...Karides, Florida Atlantic University An economic leader in the Caribbean, the Republic of Trinidad and Tobago has incorporated micro-business development as one of its main strategies to alleviate poverty and unemployment and to spawn economic growth since the late 1980s (ILO 1991, 1998, Ministry of Finance 1996). Although the discovery of natural gas in the early nineties catapulted Trinidad’s economic growth rate to four percent per annum, unemployment and poverty continue to affect a large portion of the population. The majority of the population has not benefited from Trinidad’s economic growth. Thus, the government has attempted to create “a nation of entrepreneurs” in order to relieve some of the inequality that defines the society (Ministry of Trade and Industry 1997). Trinidad’s expansion of micro-enterprise programs reflects an international trend. Endorsed by non-governmental organizations, private financial institutions, international development agencies, including the World Bank, many scholars and development practitioners also view microenterprise assistance as a panacea for Third World poverty (Johnson and Kidder, 1999; Mosley and Hulme, 1998; Dignard and Havet, 1995; Grosh and Somolekae, 1996; Rakowski, 1994). Micro-enterprise development programs generally consist of training in business skills or providing small loans or credit to micro-entrepreneurs (Dignard and Havet, 1995; International Labour Organization, 1995; Rakowski, 1994). These programs typically target...
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...Business Model and Strategic Plan Part 1: Conceptualizing a New Product or Service Division of Existing Business Mary Locket Bus/475 July 22, 2015 Franky Johnson Strategic Plan, Part 1: Conceptualizing a Business Introduction The sought after products Ingram offers such computers, software, storage devices and so on will give in such a way that the consumer will report nothing but positive feedback. This is a company that strives to provide the most outstanding services and leads the completion by far. They offer services such as financial planning initiatives for corporation seeking to improve their corporation. These services not only provide a way to improve your business but it provides the technology that by far exceeds the leading corporations that offer these services. The idea of offering warranties for the devices they sell opens a whole new dimension that involves reshaping the company to allow for the growth and become the industry’s leading sought after company for the services they provide. The new offer for technical support which provides online chat and remote assistance with problems people experience will allow for the company to improve on company’s morale and dedication. This will allow for customers to seek advice for their purchased products and allow the new desire for other products that are available. If the customer is satisfied they will be a good referring agent and continue to add to the growth of the company. These steps will allow for...
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...Research Paper ON Insurance System of MFIs Executive Summary August 2010 Prepared by: RADOL EXECUTIVE SUMMARY Insurance is an important mechanism to provide consumption support by compensating the insured for their lost assets. The term “micro-insurance” refers to the insurance business activity of providing specific insurance products that meet the needs of the disadvantaged for risk protection and relief against distress or peril, which can also provide a safety net for people who are chronically prone to fall below poverty line despite all their hard work and efforts. Developing countries like South Africa, the Philippines, Indonesia and India have significantly developed this type of financial services market. In recent times, India has undergone a strong structural transformation in terms of protecting the rights of the poor and subsequently, promulgated acts related to micro-insurance to provide both legal and political leverage for the micro-insurance agenda. NGOs and others are allowed to work as insurance agents provided that they follow the Indian Regulating and Development Authority (IRDA), which has set codes with regard to conduct pricing of product and protection of the insured. In Bangladesh, the latest Act, Microcredit Regulatory Authority (MRA) Act, permits insurance companies to provide insurance in rural areas and the social sector in general. The Act has allowed the micro-finance (MF) NGOs to provide insurance services to their members...
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...Contents Chapter 1: Introduction 3 1.1 Objectives of the study 3 1.2 Methodology used in the study 4 1.3 Limitations of the study 5 Chapter 2: Introduction of flood insurance 6 Flood insurance 7 Chapter 3: Origin of flood insurance 8 Chapter 4: Necessity of flood insurance 10 Flood insurance eligibility 11 Top misconceptions about flood insurance: 12 Chapter 5 : Flood insurance(usa) 14 5.1: Overview 14 5.2: Development of flood insurance in usa & concern laws 16 5.3: Standard flood insurance policy 20 5.4: Terms & conditions 22 5.5: Criticism 28 5.5.1: Hurricane Andrew – 1992 28 5.5.2: Hurricane Katrina – 2005 28 Chapter 6: First flood insurance program 30 Chapter 7: Current overview of flood insurance in bangladesh 33 Chapter 8: Comparative analysis on flood insurance perspective between bangladesh and usa 36 Chapter 9: Conclusion 43 Bibliography 44 Chapter 1 Introduction Chapter 1: Introduction 1.1 Objectives Of The Study * a brief knowledge about flood insurance. * describing the flood insurance in respect of usa. * describing the flood insurance in respect of bangladesh. * scope of flood insurance. * comparative analysis between usa and bangladesh over flood insurance. * 1.2 Methodology Used In The Study ------------------------------------------------- Outline Of Methodology methodology for this study regarding the tax situation...
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...This Paper mainly focus on the Foreign Direct Investment in the Insurance sector in India. India has been rapidly adapting to the liberalization, and FDI is encouraged in almost all the economic activities. FDI inflow in the country is increasing. India has tremendous potential for absorbing greater flow of FDI in the coming years. The Insurance sector in India has a great potential even during the downtrend and FDI flow is expected to rise in the mere future. The performance of the Insurance Regulatory and Development Authority (IRDA) Act by the Indian Parliament in 1999 opened the entry for participation of private insurance companies and a limited participation of foreign insurance companies through joint ventures with Indian company. Life Insuranceis the fastest growing sectorin Indiasince 2000 as Government allowed Private players and FDI up to 26%. Keywords: FDI in insurance sector, Insurance Regulations, FDI advantages, FDI Disadvantages, Life Insurance market, FDI cap on Insurance. Introduction: The insurance sector has been a fast developing sector with substantial revenue growth in the non-life insurance market, but in spite of its huge population, India only accounts for 3.4% of the Asia-Pacific general insurance market's value. The cap on foreign companies equity stake in insurance joint venture is 26%, but is expected to rise to 49%. The investment pattern with regard to foreign direct investment (FDI) and inflows from non-resident Indians remains resilient...
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...WORKING OF DISTRIBUTION CHANNELS BROKERS Insurance brokers act as an intermediary between clients and insurance companies. Clients may be either individuals or commercial businesses and organisations. They use their in-depth knowledge of risks and the insurance market to find and arrange suitable insurance policies and arrange cover. They act in the interest of their clients and offer products from more than one insurer to ensure that their clients get the best deal. Retail insurance brokers usually arrange insurance policies for individuals or companies and deal directly with them. Policies range from motor, house, travel or pet cover for individuals or property to employer's liability and public and product liability insurance. Commercial insurance brokers deal with high value and more complex insurance cover in areas such as marine, aviation, oil and gas and financial risks. AGENTS Insurance agents, who may be referred to as insurance sales agents, help clients choose insurance policies that suit their needs. Clients include individuals and families as well as businesses. Captive agents work for an insurance company, and only sell that company's products. They are one ones who connect with the customers emotionally. They are a good mediator between the insurer and the insured. They tell about the latest taste of the consumer in the market to the company. They generally work under (DO) development officer, who works under sales manager. There are many agents under one DO....
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