introduction to life insurance industry v 2.0 jan 11

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V_2.0_Jan_11Disclaimer: The information contained in this Training Manual(Manual) has been prepared by the Aviva Life insurance Company India Ltd. (Aviva) solely for the purpose of internal circulation and should not be used as asales pitch. The Manual is the property of Aviva and no unauthorized person shall make extracts/take copies of the Manual without the prior written permission of Aviva. Any unauthorized use of contents of the Manual shall be subject to legalproceeding before the court of law the consequences for which shall lie solely with the person who makes such unauthorized use. The data/information provided in the Manual is for information and illustrative purpose only and should not beshared with the customers/prospects. In case any Aviva employee is found to have shared the contents of the manual with customers/prospects then Aviva can take strict action against him/her. Aviva do not in any way (directly or indirectly)authenticate as to the completeness or accuracy of the information it contains. Aviva will not be liable for any direct or indirect loss arising from the use of the information and the material contained in said Manual.

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By the end of this program you willbe able to understand:

History of Life Insurance

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Early insurance goes back to the Egyptian times. It was known that around 3000

BC, Chinese merchants dispersed their shipments among several vessels to avoid

the possibility of damage or loss.

Today, there is insurance for many aspects of daily living:Business

Auto

Health

Life

Travel

Each of those categories include sub-categories, branching off into numerous

divisions.


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The oldest insurer in the world

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Insurance as a form originated during 13th and 14th Century.

India..First Life Insurance Company:

Oriental Life Insurance Co. Ltd. (1818)

First Indian Insurance Company:

Bombay Mutual Assurance Society Ltd. (1870)


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Our Heritage!

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Insuring a brand new generation for last 300 years!

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Nationalizationof Life Insurance

Nationalizationof Non LifeInsurance

Privatization ofLife and Non

Life Insurance

23 LifeInsurance

players in the

market

1956 1972 2000 2009


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V_2.0_Jan_11Disclaimer: The information contained in this Training Manual(Manual) has been prepared by the Aviva Life insurance Company India Ltd. (Aviva) solely for the purpose of internal circulation and should not be used as a

sales pitch. The Manual is the property of Aviva and no unauthorized person shall make extracts/take copies of the Manual without the prior written permission of Aviva. Any unauthorized use of contents of the Manual shall be subject to legalproceeding before the court of law the consequences for which shall lie solely with the person who makes such unauthorized use. The data/information provided in the Manual is for information and illustrative purpose only and should not beshared with the customers/prospects. In case any Aviva employee is found to have shared the contents of the manual with customers/prospects then Aviva can take strict action against him/her. Aviva do not in any way (directly or indirectly)authenticate as to the completeness or accuracy of the information it contains. Aviva will not be liable for any direct or indirect loss arising from the use of the information and the material contained in said Manual.

introduction to life insurance industry v 2.0 jan 11

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