...TRUST DEED This Deed of Public Charitable Trust executed on this ____ day of ___________ by Mr. XXXXXXXXXXXXXXXXXXXXXXXXXXXX, S/o. Sri. Venkateswarlu, aged 63 years, Occupation : Business, resident of Inlukudurupet, Machilipatnam, Kirshna District, Andhra Pradesh, hear in after called “Author of the Trust”, (which expression shall, unless excluded by repugnant to the context, be deemed to include his executors, administrators and representatives) of one part and 1. Mr. XXXXXXXXXXXXXXXXXXXXXXXXXXXX, S/o. Sri. XXXXXXXXX, aged 63 years, Occupation : Business, resident of Door No: XXXXXXXXXXXXXXXX District, Andhra Pradesh Hereafter referred to as “Trustee” ( which expression shall, unless excluded by or repugnant to the context, be deemed to include the trustee or trustees duly appointed for the time being of these presents and their successors in office ) of the other part. Whereas the Author of the Trust is desirous of establishing a trust for public charitable objects. And whereas the trustee has, at the request of the Author of the Trust, agreed to act as the first trustee of these presents as testified by his being parties to and executing these presents. And whereas it is necessary to declare the object and terms of the public charitable trust being constituted under these presents. NOW THIS INDENTURE WITNESSETH AS FOLLOWS: 1. That, in order to effectuate his aforesaid desire, the Author of the Trust has set apart and handed over to the...
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...Eli Lilly in India : Rethinking the Joint Venture Strategy Pharmaceutical companies spend more than 20% of their sales on research and development (R &D). Patents for product ( for 20 years) and process were essential means by which a firm protected its proprietary knowledge and they could command higher prices for their products. Many multinational pharmaceutical firm subsidiaries in India imported drugs from their country of origin and made a huge profit. However in 1970¶s, the patents for all pharmaceutical and agricultural products were abolished and process patents permitted for 5 to 7 years. The Drug Price Control Order (DPCO) instituted price controls by government, multinationals market share dropped from 80% in 1970 to 35% in mid 1990s so they were forced to exit from India due to lack of patent protection in India. In November 1984 Dr. Manmohan Singh , the finance minister encouraged foreign direct investment and increased the maximum limit of foreign ownership from 40% to 51%. Colonel Eli Lilly founded Eli Lilly and Company in 1876. It was a world leader in injectable antibiotics and in supplying insulin. Ranbaxy in early 1990¶s was India¶s largest manufacturer of bulk drugs and generic drugs. Ranbaxy approached Lilly to supply certain active ingredients or sourcing of intermediate products to Lilly in order to provide low cost sources of intermediate pharmaceutical ingredients. Success of Joint Venture i) Lilly used Ranbaxy¶s help for getting government approvals...
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...State Life Insurance Company. History NATIONALIZATION OF LIFE INSURANCE The life insurance business in Pakistan was nationalized under a Presidential Order on 19th March 1972. It was executed in two stages. In the first stage which covered the period 19th March to 31 October 1972, the management of 32 life insurance companies were taken over by the government. Trustees and sub-trustees were appointed by the Government to takeover different companies and to co-ordinate and guide their activities. The Government constituted Life Insurance Management Board (LIMB). The Board’s term included the task of recommending a permanent set up of life insurance within the framework of nationalization. The Board recommended establishing a single corporation with three units The second phase of nationalization started by establishment of Single Corporation called State Life Insurance Corporation of Pakistan with 3 Units called A, B, and C operating throughout Pakistan and competing with one another. On 1st October 1975, the 3 Units merged and different Zones were created. Initially there were five Zones with their Zonal offices at Karachi, Hyderabad, Lahore, Rawalpindi and Peshawar. The figure has increased to 26 Zones under four different Regions, South, Central, North and Multan headed by very competent Executives. By the Grace of Allah the Almighty, State Life has made steady progress in all fields of its operations. The future is even brighter as the Corporation is making very positive...
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...need to revive the sector. ❖ To introduce the Insurance Bill in the current Parliament session ❖ Bill seeks to increase FDI in insurance sector to 49% ❖ In the last few years, no global insurance firm has entered India FACTS besides the Case (that may affect the solution): ➢ The commission of the agents cannot be tampered as the commission percentage is prescribed by IRDA ➢ Introductory of bills in the Parliament are very time consuming (take a long period of time) ➢ Even introductory of a new plan by the company would take time resulting in much greater losses for the company as well the economy. ➢ ULIP 70% ,Commission up to 4% ➢ Term Product 10% ,Commission 10-35% ➢ Endowment 3-4%, Commission 10-35% ➢ Pension 10% ,Commission 2% ➢ Child Plan 7% ,Commission 2-4% Solution: Keeping in mind all the Facts of the...
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...POLYTECHNIC UNIVERSITY OF THE PHILIPPINES College of Accountancy and Finance DEPARTMENT OF BANKING AND FINANCE Dear Respondents, We are conducting a research on “Preference Criteria in Choosing Health Insurance among Public School Teachers in Rizal High School”. In this regard, we would like to ask for hel, by answering our questions. Thank you very much for your cooperation. Name: (optional) ______________________________________________________________ Instruction: Please put a check on the box of your choice * * Personal Characteristics * Age: ______ * Gender: Male Female * Health Status: Excellent Good Fair Poor * Family Situation: Single Partners without children Partners with children; No. of Children: ____ Single Parent Family Others (Please specify): __________________ * Monthly Income: Php 1001- Php 1500 Php 1501- Php 2000 Php 2001- Php 5000 Php 5001- Php 10000 Above Php 10000 * What type of insurance do you have? Government Insurance Work insurance Others (Please specify): ____________ * What company did you acquire for health insurance? Sun Life of Canada (Philippines) Inc. Pru Life Insurance Corp. of U.K. Philippine American Life & General Ins, Co. Philippine AXA Life Insurance, Corp. BPI Philam Life Assurance Corp., Inc. Others (Please specify): _____________________ * Are you...
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...Role of Information Technology in enhancing the customer reach at IDBI Federal Life Insurance Company Ltd. Background of the Study Information technology has been providing wide range of benefits to all the business sectors. It has become hugely beneficial to the Insurance industry also. The key area in which it has provided major improvements and benefits is customer support. Insurance industry is perhaps the best example of an “information-based” industry, because its activities consist of gathering, processing and distributing information. To drive growth and profitability of the company, efforts are required to interact with and retain the customers. Information technology is driving changes in the functions of the insurance companies with its innovations. The companies that fail to keep up with the latest technologies have the risk falling behind in competition by relinquishing their leadership positions. Making no mistake, the insurance industry is at a pivot point as further success is likely to rest on today’s technology strategies and decisions. With increased competition among insurers, service has become a key issue. Customers are looking for more and features that add to better service. So, any insurance company today must meet the need of the hour with more and more sophisticated approaches while handling the customers. Today, managing the customer intelligently is very essential for the insurer, especially in this highly competitive environment. This project...
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...surance Ahsanullah University of science And technology [pic] Assignment on : Delta life insurance company Prepared for : Sarah Chowdhury Lecturer Faculty of School of Business Prepared by : Nayma Yashfi (09.01.02.002) Jannatul Ferdaush (09.01.02.037) Humayra Rashid (09.01.02.003) Md. Shamiul Islam (09.01.02.041) Afeef Mahmud (09.01.02.020) Md. Rabiul Ahmed (09.01.02.049) Fariha Tabassum (09.01.02.022) Kazi Tarikul Islam (09.01.02.026) Md.Kamrul Islam (09.01.02.034) Nafisa Tabassum (09.01.02.036) Table of content |Back ground of the insurance company | |Contingency | |Specific policy taken for that particular policy | |Key factors of that particular policy | |Various packages of that particular policy | |Limitation of the sum amount of the insurance for that particular policy | |Duration...
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...Products of Pragati Life Insurance Company are given below: Product-1 Jibon Sathi (With bonus) This is very special saving Insurance Policy. Now-a-days seen in many policy’s insured gets only half of the policy amount after 4/5 years. But in Pragati Life Insurance Policy the insured will benefit by after 5 years in every year. Characteristics: 1. After 5 years complete of policy, the insurer will get 10% of policy in every single year. After completing the policy time the insured will received the policy amount with bonus. 2. Before ending the policy time, if the insured will die by paying one or more policy in spite of that the insurance company will pay the policy amount with discount. As an example Tk. 1,00,000 policy for 11 years after 5th, 6th, 7th, 8th, 9th, 10th, years. Tk. 10,000 each total tk. 60,000 will paid by the insurer. In this policy Pragati Life Insurance will also pay after 11 years with earned bonus and remain tk. 40,000 to the insured. Product-2 Jibon Prottasha (With bonus) The aim of this policy is paying profit like bank in policy time. In now another three premium policy is term is to pay the policy money after reducing premium amount. In Jibon Prottasha Policy, after the ending of the policy time the insured will received the policy amount with profit in spite of paying only two premium. By this one policy holder will financially benefit without surrounding money or getting loan exchange policies. Characteristics: 1...
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...the back of strong growth reported by LIC and a few private players. A large number of private players continued to witness negative growth. The Life Insurance industry in India is dominated by LIC with about 70% market share and almost 100% top of the mind recall; the other 23 players account for the balance 30% market share. (Source: Business Standard Article) Products: The LI category is classified into 3-4 broad product categories. 1. Protection / Term Plans – They only offer life insurance cover with no investment opportunities. 2. Pension Plans – Offer steady income streams to investors post retirement and is one of the largest categories around the world. 3. Savings & Investment Plans – These include the likes of ULIPs, Endowment Plans etc. 4. Children Plans – Investments made by...
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...Eli Lilly case questions 1) Did Eli Lilly pursue the right strategy to enter the Indian market? It was a right strategy for Eli Lilly that started a joint venture with Ranbaxy to enter the Indian market. First of all, Ranbaxy was the second largest pharmaceutical company that manufactures bulk drugs and generic drugs in India, with a domestic market share of 15 per cent. It had established broad distribution network, and it was the second largest exporter of all products in India. Ranbaxy’s capital costs were 50 per cent to 75 per cent lower than those of comparable U.S. plants. Second, the timing was perfect for Eli Lilly to enter the Indian market. During 1970s, the Patents Act 1970 and the Drug Price Control Order (DPCO) was issued. And India was opening its drug market. Third, there was possibility to conduct cheap clinical trials in India. 2) Considering the evolution of the JV, evaluate the challenges that JV leaders faced in each phase. Andrew Mascarenhas was the first managing director of the joint venture. He created the JV’s team, positioned the JV in the market, set its operations developing the marketing strategy. Challenges he faced were hiring sales force and recruiting doctors and financial staff. He trained them on the company's value, philosophy and code ethical conduct. The JV reached break-even and was becoming profitable at the end of his managing time. Chris Shaw built systems and processes to bring stability to the fast growing organization...
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...Section 14 of IRDA Act, 1999 lays down the duties, powers and functions of IRDA. Subject to the provisions of this Act and any other law for the time being in force, the Authority shall have the duty to regulate, promote and ensure orderly growth of the insurance business and re-insurance business. Without prejudice to the generality of the provisions contained in sub-section (1), the powers and functions of the Authority shall include, - * issue to the applicant a certificate of registration, renew, modify, withdraw, suspend or cancel such registration; * protection of the interests of the policy holders in matters concerning assigning of policy, nomination by policy holders, insurable interest, settlement of insurance claim, surrender value of policy and other terms and conditions of contracts of insurance; * specifying requisite qualifications, code of conduct and practical training for intermediary or insurance intermediaries and agents * specifying the code of conduct for surveyors and loss assessors; * promoting efficiency in the conduct of insurance business; * promoting and regulating professional organisations connected with the insurance and re-insurance business; * levying fees and other charges for carrying out the purposes of this Act; * calling for information from, undertaking inspection of, conducting enquiries and investigations including audit of the insurers, intermediaries, insurance intermediaries and other...
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...Name : Dhaval Patil Enrolment No : 13BSP1669 IBS Campus : Mumbai Mobile No : 86525575275 Email–Id : dhpatil13@gmail.com SUMMER INTERNSHIP PROGRAM Project Proposal I. Project Proposed Name of the Organization : IDBI Federal Life Insurance Co Ltd Title of the project : Brand equity and its effects on sales of IDBI Federal Area of the project : Marketing II. Description of the project in Brief IDBI Federal Life Insurance Co. Ltd has built a strong brand in insurance sector by providing value and convenience to the customer. The brand can add significant value when its well-recognized and as positive association in the mind of the consumer this concept is referred to as Brand equity. Brand equity affects the sales. In India 24 insurance companies are currently operating. Differentiation factors of IDBI Federal Life Insurance Co. Ltd will be identified. A study on consumer perception, brand awareness will be conducted and Brand value analysis will be done with IDBI Federal. This project also aims to help the company to achieve its sales objective by focusing on their branding strategies and to understand its effectiveness by understanding the customer perception towards these strategies. III. Objective of the Project Our main objective is to selling the child-insurance...
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...Preface The study attempts to evaluate the performance of the private life insurance companies of Bangladesh, mainly I highlight the delta life insurance company. Insurance is a technical device of risk management. Risk taking is the sixth function of marketing and marketing is an important insurance function. It is a total system of business activities designed to plan, price promote and distribute want satisfying products, services and ideas to target markets in order to achieve organizational objectives. In the United States about 87% of the business is service oriented. In our country about 65% business activities are service oriented. Development of Business depends on the degree of service provided by the companies. Retention of customer depends on the relationship and service of the companies. Customer Relationship management is the widely popular marketing term that has given tremendous impact among the modern customer. Delta Life insurance Co. Ltd. who is deals with insurance business has now turn into service oriented organization to meet the demand of the 21st century as the competition has got momentum. Insurance is one of the important sectors that are playing a vital role in the economic development of the country. An attempt has been made to discuss the whole topics in two distinctive sector- organization related matter and marketing strategy respectively. Insurance industry is one of the strategic sectors in the country Acknowledgement is due to Dr. Afjal Hossain...
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...Business source complete Great Eastern Life Assurance this week became the first Asian insurance company outside Australia or Japan to sell a subordinated bond. The Singaporean borrower raised S$400m ($310.5m) in a deal that bankers hope will encourage regulators across Asia to let insurers turn to the debt markets to shore up their capital positions. Singapore is rare among Asian countries in having explicit capital regulations for insurance companies that allow the use of various forms of debt, as well as equities, to function as capital. But no issuer had tested the regulations before, and the lead managers held long discussions with the Monetary Authority of Singapore while they were structuring the deal. One of the points under discussion was whether the coupons needed to be deferrable -- something that would strengthen the bond's function as capital, but would have made the deal a tougher sell to investors. "It was more investor friendly to make coupons non-deferrable and we had to debate that point a bit with the MAS," Tony Cheong, group chief financial officer at Great Eastern Life Assurance told EuroWeek Asia. "But this is a common structure for banks. You will likely see the capital requirements of banks and insurance companies move closer and closer together, so it made sense." The issuer and its bankers won that argument, allowing Great Eastern to sell a S$400m 15 year non-call 10 bond with non-deferrable coupons. The bond got around S$1.2bn of demand, allowing...
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...1. Yes, Yale Investment Office’s asset allocations are unconventional for a university endowment. The most distinct feature of Yale’s investments compared to other endowment funds is the investment philosophy. The core contents of its philosophy are listed below: 1. First, Swensen strongly believed in equities, whether publicly traded or private. 2. A second principle was to hold a diversified portfolio. 3. A third principle was to seek opportunities in less efficient markets. 4. Fourth, Swensen believed strongly in utilizing outside managers for all but the most routine or indexed of investments. 5. Finally, the Yale philosophy focused critically on the explicit and implicit incentives facing outside managers. For Yale, it focus more on the financial area that is less competitive and full of potentially rewarding, such as the private equity and venture capital. It pay less attention on the stock and bonds. 6. Real Asset Real asset is the long-term asset. First of all, the real asset has low correlation with common stock. Real asset is very different from the marketable securities. As a result, the real asset is low correlated with the marketable securities. Also, real asset can partially protect the investment from financial crisis. Additionally, the real asset can protect the return from the inflation. Real estate can protect the return from the home price sharply rising. The investment in oil and gas can resist the energy-related inflation. ...
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