Author: InfoDesk

Primary functions of insurance Providing protection – The elementary purpose of insurance is to allow security against future risk, accidents and uncertainty. Insurance cannot arrest the risk from taking place, but can for sure allow for the losses arising with the risk. Insurance is in reality a protective cover against…

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Benefits of Customer Relationship Management (CRM): Implementation of customer relationship management (CRM) consumes considerable time, effort, and money. However, it offers potential uses and benefits to the business organisations. The important benefit accrued from the CRM is maintaining relationships with the existing customers and retaining them which offers the following…

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Human Resource has been recognized as one of the contributing factors for economic growth of a nation. Realizing the importance of human resources, industrial enterprises have set a new trend by evaluating workforce as assets. Twenty first century is characterized by the new age of ever growing information and communication…

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Every business needs investment to procure fixed assets, which remain in use for a longer period. Money invested in these assets is called ‘Long term Funds’ or ‘Fixed Capital’. Business also needs funds for short-term purposes to finance current operations. Investment in short term assets like cash, inventories, debtors etc.,…

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The chances of risk and uncertainty are increasing every day after the industrial revolution around the world. Insurance plays an important role for individuals, families, society, and the nation as a whole. It gives a lot of advantages to various fields1. Importance to Nation It helps to increase national savings…

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Insurance contracts are administered by the Indian Contract Act (1872), which prescribes the following important elements in order for contract to be legally valuable1. i. Offer and Acceptance ii. Consideration iii. Agreement between Parties iv. Capacity of the Parties v. Legality of the Contract i. Offer and Acceptance: The offer…

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The insurance sector offers different categories of life insurance policies to children, youngsters, and old aged1. Those policies are the following as: a. Whole Life Policies: It is the most permanent life insurance policy with a fixed premium. It has a savings element which earns cash value, but at the…

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Human Resource Development deals with the competence building, culture building and commitment building, Competence and commitment can be built on a continuous basis in a certain type of culture. If the milieu is good, a number of things can happen. Hence, creating a culture becomes important in any organisation. The…

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HRD aims to provide the opportunities and resources to the individuals for fullest expression of their potential and focuses on the creation of values and culture which will conducive to the individual’s growth in the organizational context. The success of any Organisation is mainly determined by the skills, knowledge, ability,…

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The world today is in transition. Rapid changes are sweeping across and the very pace of changes has accelerated tremendously. In every concern of the globe, changes are taking place and they have world-wide ramifications. The new millennium has seen the political map of the world being redrawn. In the…

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