摘要:本文是一篇关于寿险需求分析的留学生保险学论文,在本文中,被保险人定期支付保费给保险公司,一旦政策被接受并且代替这一点,保险承诺在保险人死亡时或满一届定时间内支付一笔固定数额给保险人,以较早者为准。支付终身保险是一定的,但对于其保险采取的事件也不是很确定。
y when a life policy is taken.
It helps to mobilize savings of the public to channelize it for investment and thus promote economic development of the country.
It (policy) can be used as a security to raise loans and thus improves credit worthiness of an individual or a business.
It also has tax benefits as under Income Tax Act, premium paid is allowed as a deduction from the total income.
Exhibit 1 : Life Expectancy
Graph of life expectancies from birth and from age 65 from 1900 to 2003.
In order to estimate the amount of life insurance that is required an agent must be able to assess with the client which costs would be faced by the survivors resulting from the premature death of the proposed life insured, and how much it would cost to maintain the same or similar standard of living. A fact-finding interview with the client will begin by establishing ‘qualitative goals’. Once quality of life has been planned then this figure can be assigned to meet those objectives. These figures are called ‘quantitative goals’.
Qualitative Goals - Qualitative goals are “quality of life” goals. They reveal lifestyle choices that have a direct bearing on expenses, risk tolerance, and investment choices. For example; a family chooses to vacation each year in England of a month has made a qualitative decision.
Quantitative Goals - Quantitative goals are the dollar figures assigned to qualitative goals. For example, the family who vacations in England for a month needs Rs.22,000 to pay for their holiday.
What Is Life Need Analysis ?
“It is the actual amount that would be needed to maintain the surviving dependants for the period they remain dependants”.
By considering all offsetting resources and benefits, the aggregate need for insurance can be trimmed to the unmet need for insurance - the gap to be filled in order to satisfy the established goals. This net estimate may be used as the basis for a specific sales proposal. The nature of the unmet needs might also suggest the amounts and combination of types of insurance to recommend, such as a specified amount of whole life or other form of level coverage and a specified amount of decreasing term coverage.
There are three basic methods for measuring life insurance needs :
The Human Life Value Approach and
The Needs Approach
The Capital Retention Approach
Each approach is a tool to help determine the amount of life insurance needed by an individual or family. Life insurance provides protection from the permanent loss of income that arises from premature death. The approaches are based on the principle that a life has economic value. This value is called ‘capitalized value of life’. Capitalized value may be represented by the sum earned as salary by an income-earner who dies during the prime of his or her life. Capitalized value may also be represented by the loss of income-in-kind such as the cost of having to provide day-care, then costs of day-care or nanny services will be a cost for the survivor to pay.
The objective of insurance is to replace the capitalized value of the life insured with a sum of money that – when invested at the interest rate in effe
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