Discussion about all types of insurance is described (Part-1)

The aim of this report is to get a transparent image concerning the present Insurance coverage business scenario of Bangladesh and Meghan Life Insurance coverage Firm its manufacturers scenario out there and satisfaction stage of agent in addition to Prospects. This report discloses origin of insurance coverage, market place, danger and evaluation, monetary report and requirement of normal insurance coverage enterprise. Right here focus on completely different division of Meghna Life Insurance coverage Firm Restricted.

  • Introduction

This report is completed on the idea of analysis in numerous division of Meghna Life Insurance coverage Firm Restricted.

Meghna Life Insurance coverage Firm Restricted set earlier than itself a excessive customary of all spherical efficiency coextensive with skilled soundness and proficiency. It quickly made a mark within the life insurance coverage enviornment by not solely being the chief among the many non-public sector indigenous firms, however by endeavor and efficiently implementing revolutionary and welfare oriented life insurance coverage schemes.

The report discloses origin of insurance coverage, market place, danger and evaluation, monetary report and requirement of normal insurance coverage enterprise.

This can be a formal internship report of Meghna Life Insurance coverage Firm Restricted. There are roughly 44 Normal Insurance coverage Corporations together with 17 Life Insurance coverage Firms and Meghna Life Insurance coverage Firm Restricted is among the hottest life insurance coverage firms on the idea of premium revenue.

Insurance coverage is nothing however a system of accepting danger of the Insured by the Insurer having consideration within the type of premium to safeguard his curiosity from any accident. In case of huge danger the Insurer must switch the danger to re-insurer. Re-Insurance coverage means spreading of danger of 1 onto the shouldest of many. In short, Re-Insurance coverage means Insurance coverage of Insurance coverage. While it turns into considerably unimaginable for a person to bear by himself 100% loss to his personal property or curiosity arising out of an unexpected contingency, insurance coverage is a technique or course of which distributes the burden of loss on variety of individuals inside the group framed for this explicit goal. The idea of grouping collectively or danger sharing was in existence in very historical occasions however progressively developed in its current state by means of a technique of evolution to fulfill the rising wants of the individuals within the subject of normal enterprise and industries

The type of insurance coverage is the idea of such a philosophy of grouping collectively or danger sharing developed in very historical occasions. Within the financial liberalization and monetary sector reforms, a bunch of extremely profitable native entrepreneurs conceived an concept of insurance coverage enterprise with the completely different out look.

There are two sorts of insurance coverage enterprise are common visualization.

  1. Normal Insurance coverage or Property and legal responsibility insurance coverage.
  2. Life Insurance coverage.

 

  • Function of the Report

The aim of this mission is to get a transparent image concerning the present Insurance coverage business scenario of Bangladesh and Meghan Life Insurance coverage Firm its manufacturers scenario out there and satisfaction stage of agent in addition to Prospects.

 

  • Methodology

The studies include several types of insurance policies and monetary information, which clearly categorical the efficiency of the Meghna Life Insurance coverage Firm Restricted.

Secondary supply of the info and very important methodology for getting ready this report the next methodology is used:

  1. Assortment of major information.
  2. Evaluation of information.
  3. Collected secondary information by means of textual content, publication, report, journal and web and many others.

 

  • Accumulate Knowledge:

We’ve got collected information by means of:

  1. Main supply ( private interview)
  2. Secondary supply ( textual content, journal, web pages, firm report)

To conduct the mission and analyze every insurance coverage firm when it comes to their High quality of providers, Fee of the agent, buyer satisfaction, I’ve collected each the first and secondary information.

 

  • Main Knowledge

Each qualitative and quantitative analysis method have been used to attain analysis goal.

Firstly, a sequence of interviews was carried out with Agent and Gross sales Companions of Meghan life insurance coverage firm Restricted to know that the advertising and marketing coverage of various firm.

Secondly, based mostly on the outcomes of Interview a structured questionnaire was constructed for the qualitative analysis. A set of 100 questions was developed to gather the data relating to Model scenario (See Appendix to view a pattern questionnaire). Many of the questions are open-ended and used Liker Scale.

Agent of the corporate, advertising and marketing agent in numerous zones has been interviewed with this questionnaire. These respondents are chosen zone based mostly.

Along with that, analysis agency has additionally carried out interplay with the operators immediately by means of entrance places of work. Microsoft Excel was used for quantitative evaluation graphically.

  • Secondary Knowledge

Secondary information sources have been the Web, completely different revealed journals, information papers, privies report, different firm report and magazines and many others.