Life insurance is a type of insurance which provides cover for death, disability, a health condition, some illnesses and injuries. This Background Paper deals with the specific issues in relation to the four key forms of life insurance cover term (d– eath) insurance, total and permanent disability (TPD)File Size: KB The research is based on the empirical study. The research paper provide critical analysis on the issues on the changing practices in life insurance business and the various developments in the past decade. Save to Library. Download. by suresh ch Abstract: The paper discusses the main tenets of stakeholder theory and agency theory and goes on to analyse the relative performance of a sample of mutual and proprietary life insurance companies in the UK during the period The paper concludes that Save to Library
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Skip to main content. edu no longer supports Internet Explorer. Log In Sign Up. Life Insurance 10, Followers. Papers People. MMLC - ISCS aviation and hazardous sports study. With ever improving mortality in the industry, the This study fills a year gap in intercompany studies of these risks.
We studied 45, policies submitted through the ISCS between and with codes signifying recent or anticipated participation in aviation or hazardous sports. Aviation activity included both private and commercial flying and was crudely stratified by hours flown. Hazardous sports included motor vehicle racing, flying in other than conventional aircraft, underwater sports, and other. Excess death rates per thousand, relative to the VBT were computed.
Results were stratified by underwriting factors of interest. Sixty-nine deaths were observed in the aviation study and 60 in hazardous sports over an average followup of 3. An additional 6 deaths were observed in policies belonging to both studies, life insurance paper.
Extra mortality was observed for aviation in early durations only whereas mortality from hazardous sports persisted longer. Mortality was higher for policies rated for these activities vs those issued at standard rates.
No other variable of underwriting significance was meaningful. Life insurance underwriting life insurance paper the least risky of these activities and classifies them appropriately.
The absence of extra mortality in later durations may be real or could be the artifact of study design. Save to Library. Sixty-nine deaths were observed in the aviation study and 60 in Mortality in co-morbidity I --Analysis of the results in the Multiple Medical impairment Study for impairments with elevated blood pressure as the second or co-morbid impairment. In life insurance medicine as in general medicine, it has long been recognized that chronic medical conditions often occur in persons, not as a single life insurance paper or risk factor, but as multiple co-morbid conditions, life insurance paper.
Nevertheless, it was Nevertheless, it was not until that the first intercompany Multiple Medical Impairment Study MMIS was completed by Harry A. Woodman, FSA. However, abundant co-morbid mortality data have been presented in other clinical and single company studies. Examples are in the studies on diabetes mellitus abstracted in the Medical Risks monograph and life insurance paper more recent studies, life insurance paper. In this article, we analyze overall mortality and mortality for most of the life insurance paper impairments with elevated blood pressure EBP as the co-morbid impairment, provided that exposures and deaths were sufficient in number to utilize.
From the standardized results life insurance paper for the impairments published in the MMIS, we have extracted 3 tables of aggregate mortality experience on groups with a single impairment, 2 impairments, and 3 impairments. Then we prepared a similar table from the substandard experience of the Blood Pressure Study. Weighted mean age was calculated, for all groups, and excess death rates EDRs in the group with EBP were adjusted to the mean age of the 2-impairment group.
Next a subsidiary table was prepared of data from 57 impairments in Section III of the MMIS. The age-adjusted EDR for EBP alone was added to the EDR as a single impairment, and the sum was compared with the co-morbid EDR for the impairment and EBP. The 57 impairments life insurance paper then divided into 3 groups Tablesdepending on whether the comorbid EDR exceeded the sum of the separate EDRs, was less than the sum, or approximately equal to the sum.
EDR rose with decennial age group in each of the 4 groups shown in Table 1. Life insurance paper annual EDR, all ages combined, increased from 2.
In males in the Blood Pressure Study, the mean EDR, all rated policies combined, was 5. In 18 of 57 comparisons, the co-morbid EDR exceeded the sum of the separate EDRs by 1.
In Table 4, we listed the 18 impairments whose co-morbid EDR exceeded the sum of the separate EDRs, entering the overall co-morbid mortality data combined impairment and EBPand the comparison EDRs. The mean co-morbid EDR was Results are shown in Tables 5 and 6 for the groups in which the co-morbid EDR was less than or approximately equal to the sum of the separate EDRs.
In 18 of 57 comparisons life insurance paper in MMIS, there was a synergistic excess mortality when the co-morbid EDR impairment with EBP as second impairment was compared with the summated EDR of the impairment alone and the EDR for EBP alone, life insurance paper. Mortality study of policies on insured lives with diabetes mellitus known at time of issue.
This is an Impairment Study Capture System ISCS study of contemporary diabetes mellitus mortality among insured lives. Because the diagnosis and treatment of diabetes has changed during the last 15 years, many applicants may be expected Because the diagnosis and treatment of diabetes has changed during the last 15 years, many applicants may be expected to exhibit more favorable outcomes than in the past. The study covers policy-years durational experience extending to only 10 years.
We analyzed the total mortality experience of 41, insurance policies, life insurance paper. The policies were issued at life insurance paper or substandard premium rates between and policy anniversaries. The number of policies terminated by death actual deaths is compared with expected deaths using the Valuation Basic Table VBT.
The total experience is based onpolicy-years exposure: males 57, life insurance paper, Study of policies on insured lives with elevated blood pressure known at time of issue. The mortality results of policies on insured lives with elevated blood pressure have been the subject of several studies since the early 20th century. This study, which began with issues ofutilizes data from the Impairment Study This study, which began with issues ofutilizes data from the Impairment Study Capture System ISCS.
Data are also compiled for impairments other than elevated blood pressure in the ISCS for the same study period, life insurance paper. A comparison of these 2 sets of data shows the relative severity of elevated blood pressure compared to all other impairments combined. The determination of elevated blood pressure was made on the basis of risk classification due to lack of specific blood pressure readings. Mortality results are actual to expected ratios based on the SOA Select Basic Table.
The companies participating in this study have completed 3 steps: 1 agreement to have individual reports to the MIB included in the ISCS file; 2 submission of additional policy information, life insurance paper on the MIB report; and 3 update life insurance paper in-force status annually, life insurance paper.
Reports do not include personal identifying information. Based on the limited amount of data contributed by relatively few companies, life insurance paper, there has been considerable improvement since earlier studies in mortality among insureds with elevated blood pressure. Some possible reasons for this include: 1 fewer smokers--there were fewer smokers in the population and hence applying for insurance during the period covered by this study as compared to earlier studies; 2 improved treatment, patient awareness and adherence to regimen--a wider variety of medications and current treatment practices compared to treatment in the s and early s may have influenced results.
Compared to prior studies, it is likely that more insureds with elevated blood pressure first noted on the insurance examination subsequently have received treatment. In addition, those with elevated blood pressure have become more aware of the importance of adhering to their medication regimen and improving other adverse risk factors; 3 improvement in the treatment of related medical conditions.
The results of this study must life insurance paper interpreted with caution, life insurance paper. The volume of data is not substantial, and the results may not be representative of non-contributing companies.
Going forward, it is hoped that more companies will agree to participate such that future studies will produce data and results of greater utility. Just genetic discrimination? The ethics of Australian law reform proposals. A Direct Translog Model of India's Household Sector Financial Portfolios. To examine the direct impact of these developments, this study has The empirical evidence indicated that deposit disintermediation was mildly visible shifting household savings towards lending to the private corporate sector, life insurance paper.
But the apparent significant substitutability between bank deposits and life insurance plus pension funds can pose a threat to the former if the latter were made more attractive through more fiscal concessions. A fuzzy multi-criteria decision-making method for purchasing life insurance in India.
Life insurance is an agreement between an insured and an insurer, where the insurer pays out a sum of money either on a specific period or the death of the insured. Now a day, People can buy a policy through an online platform. There are There are a lot of insurance companies available in the market, and each company has various policies.
Selecting the best insurance company for purchasing an online term plan is a very complex problem. People may confuse to choose the best insurance company for buying an online term.
It is a multi-criteria decision making MCDM problem, and the problem consists of different criteria and various alternatives, life insurance paper. Here in this paper, a model has been proposed to solve this decision-making problem.
In this model, a fuzzy multi-criteria decision-making life insurance paper combined with technique for order preference by similarity to ideal solution TOPSIS and it has been applied to rank the different insurance companies based on online term plans. The experimental results show that the life insurance corporation of India LIC gets the top rank out of 12 companies for purchasing an online term plan. A sensitivity analysis has been performed to validate the proposed model.
Chapter Risk Mitigation in Life Insurance Sonjai Kumar. A business value is created by identifying the risks in the business and developing the risk mitigation plan. The only identification of risks is of little use unless an effective advance plan is developed and implemented to reduce either The only identification of risks is of little use unless an effective advance plan is developed and implemented to reduce either the likelihood or impact or both of the events.
In this chapter, different methods of risk mitigation are discussed in the life life insurance paper industry.
The chapter also discusses the utility of monitoring of risks and reporting. EMERGING TRENDS IN INSURANCE — A STUDY IN INDIAN LIFE INSURANCE INDUSTRY. Indian Life insurance sector is growing at a faster rate, life insurance paper. This sun rising industry has given a platform for economic growth and employment, life insurance paper.
Life and Health INSURANCE EXAM Prep: Tips to Help You PREPARE for and PASS the Test
, time: 5:31Life Insurance Research Paper Example | Topics and Well Written Essays - words
This paper has been written in an attempt to investigate and studied the Customer Relationship Management (CRM) strategies of Ping an Life Insurance company and evaluated how they are performed and come up with various recommendations for improvement. hellip; The idea of this research emerged from the author's interest and fascination in how Customer Relationship Management is applied in the Life Insurance Develop a research paper that will describe accepted actuarial costing techniques for life insurance, health insurance and annuity products. The primary focus of the work would be on products with longer-term guarantees. The research paper would also cover considerations in establishing assumptions and provide illustrative examples of how to Abstract: The paper discusses the main tenets of stakeholder theory and agency theory and goes on to analyse the relative performance of a sample of mutual and proprietary life insurance companies in the UK during the period The paper concludes that Save to Library
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