Physical Evidence of Insurance Sector
Physical Evidence. Companies try to demonstrate their service quality through physical evidence and presentation. However, in case of insurance sector, the customer rarely visits the...
Business Aspects in Banking & Insurance
-
-
Product Differentiation of Insurance
Product differentiation may be referred to as the points or the qualities that a firm has in its product, which makes the product different from...
-
Marine Insurance Policies
MARINE INSURANCE Marine insurance is a contract under which the insurer undertakes to indemnify the insured against losses, caused due to perils of sea....
-
Price Mix of Insurance
Price Mix. Sell value not Price – Philip Kotler Price is one element in the marketing mix that produces revenue; all...
-
Insurance Complaint Handling
Complaint Handling. In a vast Organization like LIC, catering to the various needs and aspirations of millions of policyholders, grievances of customers do arise...
-
Fire and Marine Insurance Pricing
Fire and Marine Insurance Pricing: The principle of utmost good faith is applicable even for fire and marine insurance. E.g.: If a trader while taking...
-
Discount Insurance Pricing
Discount Pricing: In insurance sector, discount is offered if group insurance is opted for. Group Insurance Scheme is meant to provide life insurance protection to...
-
Steps for Life Insurance Pricing
STEP 1 In the first step, the company decides where it wants to position its market offering. The clearer the firm’s objective, easier it is...
-
Fire Insurance Policies
FIRE INSURANCE A fire insurance contract is an agreement whereby the insured in return for consideration (premium) undertakes to indemnify the insured against loss...
-
Future of The Insurance Sector
Future of The Insurance Sector. Wage and salary employment in the insurance industry is projected to increase 8 percent between 2002 and 2012, more slowly...
