First Affirmative Constructive Speech Euthanasia

First Affirmative Constructive Speech: Euthanasia A lady named Brittany Maynard who was twenty-nine years old had stage 4 of Glioblastoma Multiform, which is brain cancer. She had taken a lethal medication, given to her by her doctors in Portland, Oregon. On November 1, 2014 she had chosen to end her life by Euthanasia. surrounded by family and friends, she died peacefully in her bedroom, with her loved ones by her side. she had thought out her choice well enough to go through with it. she was an advocate for the legislation of aide in dying (Maynard). The law for Euthanasia is that it is illegal in all 50 states except 4 of the states, which are; Oregon, Washington, Vermont, and Montana. People see Euthanasia as man slaughter or murder, and that the law should punish the people who perform it. In the states where Euthanasia is illegal, the people who perform it can face upto 14 years in prison (Assissted Suicide Laws). Euthanasia is a Greek word that translates into meaning Easy Death, it is a painless way of dying, a patient who is in a lot of pain or has some sort of illness that will result in death at one point in their life will request for Euthanasia (Wesley). I have resolved that Euthanasia should be legal in not just the United States, but the whole world. A severely handicapped or terminally ill person should have the right to choose to live or die. Euthanasia defined literally means good death. There are two types of Euthanasia which are active and

The Jews And The Jewish War - 1177 Words

Josephus was a first century author who recorded Jewish-Roman history. He was born Jewish, and even fought against the Romans in the first Jewish-Roman war. But after being captured and later freed by the Roman emperor, Joseph was given Roman citizenship. Josephus’ seven-book collection of The Jewish War was written around 75AD. The Jewish War covers Jewish history from the time Jerusalem was captured, to the first war between Jewish and Roman people; the same war he fought in as a Roman citizen against his previous people, the Jews. His account of the war begins with a graphic scene describing the state of the people and the land because of such destructive atrocities. Soldiers are marching upon the thousands who have died before them. Pleasant gardens and scenery now lay trampled and desolate. Anyone who knew Judea before the war took its toll on the land and people would mourn at the sight of its war stricken state. It would have otherwise, been unrecognizable to those who did not previously know it. Despite the condition we see the Jewish people in the previous description, their sense of courage and hope is what consistently guided them through the various battles around them. Josephus and the Roman army saw this as their greatest strength and greatest weakness. The Jewish soldiers defended their land with passion, willing to sacrifice their lives at any moment for the Temple and for their nation. But when the war grew tiresome, they did not have the humility toShow MoreRelatedNever to forget1710 Words   |  7 Pagesbook I read was Never To Forget The Jews of the Holocaust by Milton Meltzer. The book is written by Meltzer’s true story of the. It tells the story of when over five million Jewish people were massacred. The book has no characters. From beginning to end the book takes place in Germany. It only tells the straight forward account of the Jewish Holocaust. He writes the story in an interesting view point because he is an old American Jew, watching events of th e war from newspapers and radios. WritingRead MoreWorld War I And The Treaty Of Versailles1445 Words   |  6 PagesEverything commence in 1933, fifthteen years after World War I had ended because of the agreement to the Treaty of Versailles. Germany was still upset with the Treaty of Versailles, which basically said, Germany has to pay millions of dollars, there army was reduced, and they couldn’t join the League of Nations. That just didn t settle with Germany so they decided to take matters into their own hands and start another global war, named World War II. WWII started in 1939 to 1945 because of many reasonsRead MoreThe Study of Hebrew Diaspora1669 Words   |  7 Pagesdefine the term â€Å"diaspora† as well as identify a working definition of a Jew. In Greek, â€Å"diaspora† means scattering or dispersion. (Jewishvirtuallibrary, pg1) Despite the fact that one can become a Jew through conversion to Judaism, for the sake of this essay, we shall identify a Jew as a descendent of the ancient Hebrews. Therefore, by combining these two definitions, we can define the Hebrew Diaspora as the dispersion of the Jewish peoples from their homeland. Now that we have defined the Hebrew diasporaRead MoreThe Holocaust Essay616 Words   |  3 Pageswas the mass murder of European Jews by the nazis during the second world war. It took place from the 30th of January 1933 to the end of the war in Europe on May 8th 1945. The nazi dictator Adolph Hitler planned to wipe out the entire Jewish population as a part of his plan to conquer the world. Holocaust refers to any widespread human disaster but its special meaning is the annihilations of six million Jewish men, women and children by the nazi regime. The Jews were singled out for exterminationRead MoreThe Holocaust : The World War II1247 Words   |  5 Pages World War 2 brought upon a time of disappointment and the Jewish purgatory. This event caused millions of death to innocent people and disgrace to many Jewish families. This time period was ruled by the powerful leader of the Nazis as they were know for. He was the chancellor of Germany, he was Adolf Hitler he was known as the greatest leader to all the Nazi’s party. Hitler came into power in the year of 1933. This Nazi’s party planned to exterminate all the Jewish. This event was called the â€Å"FinalRead MoreQuentin Tarantinos Inglorious Bastards1197 Words   |  5 PagesQuentin Tarantino’s 2009 film Inglourious Bastards entails a Jewish revenge fantasy that is told through a counterfactual history of events in World War II. However, this story follows a completely different plot than what we are currently familiar with. Within these circumstances, audiences now question the very ideas and arguments that are often associated with World War II. We believe tha t Inglourious Basterds is a Jewish revenge fantasy that forces us to rethink our previous understandings byRead MoreThe Holocausts Effect on the German Jew Essay1745 Words   |  7 Pages1933. He hated Jews and blamed them for everything bad that had ever happened to Germany. Hitler’s goal in life was to eliminate the Jewish population. With his rise to power in Germany, he would put into action his plan of elimination. This is not only why German Jews were the main target of the Holocaust, but why they were a large part of the years before, during, and after the Holocaust. Hitler’s â€Å"final solution† almost eliminated the Jewish population in Europe during World War II. At the endRead MoreEssay on Tragedy in Jewish History1165 Words   |  5 PagesTragedy in Jewish History The Jews are a people with a multitude of dilemmas. From the Israelite tribes to the prosperous modern day Israel , bigotry towards the Jews has been greatly evident. The Jewish race has acted as Escape Goat for many crisis throughout history including the black plague which swept across Europe in the 14th century. The establishment of Israel was a great incident was something the Jewish people were striving to obtain for generations. This, however, ledRead MoreThe Holocaust : A Blood Shed Horrific Time1632 Words   |  7 Pageswere taught in the German way; the jews were evil no good people. Innocent people died for 12 years, some mentally ill, some prisoners of war, others taken wrong because they werent perfect in the German eye/ Hitlers eye. The Holocaust was well known for the 6 million Jews that died for no reason, but not only did Jews die in the Holocaust. Polan people died prisoners of war died Roman people died catholic priest died, yes the Holocaust is known for the 6 million Jews that lost their lives and were murderedRead MoreThe Holocaust : The Destruction Of The Jews1717 Words   |  7 Pagesthe worst genocide ever committed, with between 5 and 6 million Jews murdered; along with countless other minorities the Germans deemed inferior (The Holocaust Chronicle Appendices). The Holocaust began with the boycott of Jewish businesses, and ended in camps such as Auschwitz. The destruction o f the Jews was made possibly with the rise of Adolf Hitler to power, as he and his fellow Nazi followers attempted to exterminate the Jewish populace of Europe. In the paragraphs to follow I will attempt to

Is Homework Harmful or Helpful free essay sample

The Ten Commandments 1. Thou shalt have no other gods before me. 2. Thou shalt not make unto thee any graven image, or any likeness of any thing that is in heaven above, or that is in the earth beneath, or that is in the water under the earth: Thou shalt not bow down thyself to them, nor serve them: for I the LORD thy God am a jealous God, visiting the iniquity of the fathers upon the children unto the third and fourth generation of them that hate me; And shewing mercy unto thousands of them that love me, and keep my commandments. 3. Thou shalt not take the name of the LORD thy God in vain; for the LORD will not hold him guiltless that taketh his name in vain. 4. Remember the sabbath day, to keep it holy. Six days shalt thou labour, and do all thy work: But the seventh day is the sabbath of the LORD thy God: in it thou shalt not do any work, thou, nor thy son, nor thy daughter, thy manservant, nor thy maidservant, nor thy cattle, nor thy stranger that is within thy gates: For in six days the LORD made heaven and earth, the sea, and all that in them is, and rested the seventh day: wherefore the LORD blessed the sabbath day, and hallowed it. We will write a custom essay sample on Is Homework Harmful or Helpful? or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page . Honour thy father and thy mother: that thy days may be long upon the land which the LORD thy God giveth thee. 6. Thou shalt not kill. 7. Thou shalt not commit adultery. 8. Thou shalt not steal. 9. Thou shalt not bear false witness against thy neighbour. 10. Thou shalt not covet thy neighbours house, thou shalt not covet thy neighbours wife, nor his manservant, nor his maidservant, nor his ox, nor his ass, nor any thing that is thy neighbours.

Medical Marijuana Essays - Herbalism, Medicinal Plants,

Medical Marijuana On November 5, 1996, Californians voiced their honest opinion. Californians voted yes on a very controversial proposition - proposition 215. This law allows doctors to prescribe marijuana to patients with diseases that have severe symptoms. For example, cancer patients that undergo chemo-therapy and suffer from severe nausea and aching can benefit from smoking marijuana. Marijuana helps these patients get through these very painful symptoms by numbing the body and soothing the stomach. It also improves the appetites of AIDS patients and increases their weight and chance of survival. Marijuana also helps MS patients with bladder control and tremors. The use of marijuana for medical purposes is not a new issue. The Marijuana Tax Act made the cultivation or possession of marijuana illegal in 1937, but it only has been a heated issue since the 1960's. In 1970, Congress passed the Controlled Substance Act, which placed all illicit drugs into 5 categories. Marijuana was placed under the category of "Schedule 1," because Congress decided that it has no medical use and a high potential for abuse of the "drug." But in 1970, Congress hardly new the potential benefits of marijuana for medical purposes because chemo-therapy wasn't even an issue back then, just as NORML pointed out in their petition to change the scheduling in 1972. NORML (National Organization for Reform of Marijuana Laws) insisted that Congress had made their decision without accurate information about the plant. In 1975, the IND began a program that would allow patients to receive marijuana from the government. This program lasted until 1992, when Congress discontinued it. Not more than a year ago, the same request for the rescheduling of marijuana was presented to Congress and it was once again, denied. In 1990, the Drug Advisory Board stated that "personal use and cultivation should be legalized." The Drug Advisory Board wanted to legalize marijuana for all purposes, not just for medical use because it would benefit our economy by being a taxable good and it would decrease crime over obtaining the "drug." Opponents to the legalization of marijuana are those who consider marijuana a "gateway" drug, which lead users to more harmful drugs. These assumptions have no real facts supporting them because in 1995, a survey was taken by the National Survey on Drug Abuse. The Survey found that 20% of illicit drug users smoke marijuana and that 57% of illicit drug users smoke only marijuana. Proposition 215 would legalize the cultivation, possession, and smoking of marijuana legal for persons with prescriptions for it. Even though the people of California voted yes of proposition 215, the United States Supreme Court denied it because it went against federal drug initiative prohibiting the possession and cultivation of marijuana. This is ridiculous. Whose to say that the government can let a cancer patient suffer when there is a medicine that can sooth his or her pain. People who are terminally ill do not deserve to be put in jail because they are only trying to feel better and relieve some of the nasty side effects of medicines for their sickness. Bibliography Gooding, Robert. "Healthy Marijuana," July 1996, http://trailerpark.com/phase1/hempman.html

Social And Political Issues In The 1970s

Social And Political Issues In The 1970s Discuss why Aboriginal deaths in custody happened and the importance of the Royal commission.In the late 20th century, Australia?s indigenous peoples were 29 times more likely to be put in jail than other Australians; 20 times more likely to be picked up by the police; less likely to receive bail or have legal representation in the court; and more likely to plead guilty. At the same time, indigenous peoples were less likely to be called up for jury duty than other Australians. The Aboriginal Legal Service (1970-97) provided access to legal advice and assistance for people who could not have otherwise afforded it, but it could do little to overcome injustices indigenous Australians suffered under the Australian legal system.Government concern for the higher proportion of Aboriginal people in prison began in the 1960s. By the 1970s, there were increasing question from within government and from community groups about whether this meant that Aboriginal people were more likely to commit crime or just more likely to be charged with an offence.English: Corroboree for Sovereignty held at the Ab...In the 1980s, there was growing concern of the tragically hight number of Aboriginal people who were dying while in police custody. In 1989 the Commonwealth Government ordered a royal commission to investigate these matters and the general issue of the treatment of the Indigenous Australians within the Australian legal system.The Royal Commission of Inquiry into Aboriginal Deaths in Custody (RCIADIC) made 339 recommendations when it released its report in 1991. The report indicated that the same percentage of Aboriginal people died in police custody as did non-Aboriginal people. It found that the reason for the high proportions of indigenous peoples in jail was that they were more likely to be imprisoned for relatively minor offences. Its recommendations described the problems indigenous Australians encountered while...

Nitrogen (N2)â€Its Discovery, Danger and Uses

Nitrogen (N2)- Its Discovery, Danger and Uses Nitrogen is the primary gas in the atmosphere. It makes up 78.084 percent by volume in dry air, and that makes it the most common gas in the atmosphere. Its atomic symbol is N and its atomic number is 7.   The Discovery of Nitrogen   Daniel Rutherford discovered nitrogen in 1772. He was a Scottish chemist and a physician with a passion for understanding gases, and he owed his discovery to a mouse. When Rutherford placed the mouse in a sealed, enclosed space, the mouse naturally died when its air ran low. He then attempted to burn a candle in the space. The flame didnt fare well either. He tried phosphorous next with much the same result.   He then forced the remaining air through a solution that absorbed the carbon dioxide that remained in it. Now he had air that was devoid of both oxygen and carbon dioxide. What remained was nitrogen, which Rutherford initially called noxious or phlogisticated air. He determined that this remaining gas was expelled by the mouse before it died.   Nitrogen in Nature   Nitrogen is a part of all plant and animal proteins. The nitrogen cycle is a pathway in nature that transforms nitrogen into usable forms. Although much of the fixation of nitrogen occurs biologically, such as with Rutherfords mouse, nitrogen can be fixed by lightning as well. Its colorless, odorless and tasteless.   Everyday Uses for Nitrogen You may regularly consume traces of nitrogen because its often used to preserve foods, particularly those that are prepacked for sale or sold in bulk. It delays oxidative damage- rotting and spoiling- by itself or  when combined with carbon dioxide. Its also used to maintain pressure in beer kegs.   Nitrogen powers paintball guns. It has a place in making dyes and explosives.   In the health care field, its widely used in pharmacology and is commonly found in antibiotics. Its used in X-ray machines and as an anesthetic in the form of nitrous oxide. Nitrogen is used to preserve blood, sperm and egg samples.   Nitrogen as a Greenhouse Gas Compounds of nitrogen, and particularly nitrogen oxides NOx, are considered greenhouse gases. Nitrogen is used as a fertilizer in soils, as an ingredient in industrial processes, and is released during the burning of fossil fuels.   Nitrogens Role in Pollution   Sharp rises in the number of nitrogen compounds measured in the air began surfacing during the Industrial Revolution. Nitrogen compounds are a primary component in the formation of ground-level ozone. In addition to causing respiratory problems, nitrogen compounds in the atmosphere contribute to the formation of acid rain. Nutrient pollution, a major environmental problem in the 21st century, results from excess nitrogen and phosphorous accumulated in water and air. Together, they promote underwater plant growth and algae growth, and they can destroy water habitats and upset ecosystems when theyre allowed to proliferate unchecked. When these nitrates find their way into drinking water- and this sometimes occurs- it presents health dangers, particularly for infants and the elderly.

Week 8 DQ 2 Essay Example | Topics and Well Written Essays - 250 words

Week 8 DQ 2 - Essay Example Federal Court judges are appointed for life. This poses a problem for majority rule, for American democracy. However, perhaps, they actually protect the rights of minorities and thus have the kind of open system that causes democracy to flourish (Edwards, et al, 2008). The federal courts are also quite powerful and have a large scope of judicial power in American society. Many argue that they should not be involved in policy making but in settling disputes. The United States judicial system is basically adversarial in that opposing civil law cases are presented to an arbiter. It consists of statutes and common law, the latter an accumulation of judicial decisions (ibid.) In the Judiciary Act of 1789, Congress established constitutional courts and subsequently legislative courts for specialized purposes. Courts with original jurisdiction are those where a case is first heard whereas appellate courts can review the legal issues in cases brought to

Saudi Arabia's geography offers more opportunities than constraints Essay

Saudi Arabia's geography offers more opportunities than constraints - Essay Example The vast coastline offers potentials for transport, and the unique geographic features are untapped tourist attraction sites that can significantly develop the country. The paper, therefore, analyzes the positives of the location of Saudi Arabia in world geography as opposed to the perceived hindrances. It aims to instill information that Saudi Arabia is a land of opportunities, and the location is a blessing in disguise. As highlighted, Saudi Arabia is a big country in the Middle East. It borders seven countries some of which are Iraq, Oman, United Arabs Emirates (UAE), Jordan, and Peoples Republic of Yemen. The exceptional topographical location provides Saudi Arabia with opportunities for becoming the accessible and strategic market for west and east. The extensive boundaries also enhance the nation’s capacity to accommodate many products and the population is an ideal market for commodities from this nations. Therefore, the positioning is an excellent opportunity for market development and subsequent growth into an economic powerhouse of the Middle East. Saudi Arabia borders large continental water masses. Particularly, it has a vast coastline on the Red Sea and the Persian Gulf. The exclusive feature offers magnificent control in shipping and water transport. Specifically, the nation can benefit more by establishing structures for shipping crude oil from the region to other parts of the world. Likewise, the positioning makes it a transit route for export and import goods for other nations in the area. Utilizing the sea and developing sophisticated transport channels are some of the opportunities at the disposal of the Saudi Government. Hence, the coastline has great potentials of making Saudi Arabia a prominent logistic and transport center if well managed. Saudi Arabia has assorted geographic structures that include grasslands, ranges forests, mountain, and deserts. Most of Saudi Arabia landmass comprises of desert. In addition, the country

Book summary of Montana 1948 Essay Example for Free

Book summary of Montana 1948 Essay Race, social status and gender are three factors, in which society uses to judge people. Although many people do not agree with this aspect, our society embraces it by categorizing all people under theses three factors. Those who consider themselves to be better then others, attempt to belittle those whom they consider to be weaker. These people are often known, as the Fringe of society. Montana 1948 is an excellent example of this struggle between the weak and the strong. Montana 1948 is a very good example of what it was like to be part of the fringe of society. The author does an extraordinary job at depicting certain struggles of power between the characters in the book. The reason these struggles are so easy to pick up on is because the narrator describes the characters to full detail. This allows for a further enhancement of the book to which you can become more acquainted with the characters. There for you can predict the struggles between characters. One of the main struggles in this story is between the Fringes of society and those who have power. By power I mean those who are able to speak for themselves and defend themselves. Good examples of power, in the society of Montana 1948, are the white men. Those who would be considered a fringe would be the Native Americans, women, and children. It is obvious, in the story, that men had the power. The male characters in the book prove this; such as Wes, his father, and Frank. Each character has a certain overpowering attitude over the other. Wes being the character, which most frequently shows up in all the scenes, is able to take over the scene with his overpowering attitude. This is true because several occasions in the book demonstrate the wifes reluctant ness to make decisions on her own there for always seeking Wess approval; If my mother said it, it was so, yet my fathers confirmation was still necessary page 43. This demonstrates the superiority that Wes had over the family, hence putting the wife on the fringe of the household. Frank on the other hand is more of an easy going character, but since he was a doctor and was his fathers favorite, he is given more liability and credit over Wes. Frank was witty, charming, at smiling ease with his life and every thing in it. Along side his brother my father soon seemed somewhat prosaic. Oh, stolid, surely, and  steady and dependable. But inevitably, inescapably dull. Nothing glittered in my fathers wake the way it did in Uncle Franks, page36. In this case Wes has always had to struggle with Frank over favoritism over their father. This favoritism is apparent when their father gets up in front of a large crowd to address his son Frank as a war hero, Now Id like to bring my son up here. Page 37. The favoritism is also imminent in the way the father addressed the speech, He simply said my son. And why wouldnt the county sheriff be called on to make a small speech? page37. The last character, which is considered to be the most powerful in the book, and a scene-stealer, is Grandpa. Obviously as the head of the family he has power over his sons, but his high social status and wealth also puts him above and beyond most people. This power to which he attains allows him to do most anything he pleases, without having any confrontations from the towns people. He didnt call for silence. That wasnt his way. He simply stood there; his feet planted wide, his hands on his hipspage37. He assumed that once people saw him, they would give him their attention. And they did page37. This example clearly demonstrates the Grandpas superiority over all the people. These where the main characters, in the story, and they demonstrated what it was like to be above the Fringe. Being part of a fringe, means that you do not have much say around others. Native Americans are a common example of what a fringe is like. They isolate themselves from the town, because white people put down Native Americans due to their race. Native Americans are not the only people part of the Fringe. At times women may be considered that also. For they are not described by the narrator as much as men, hence showing favoritism of men over women by the author. It is true that Native Americans and women are not as socially high as men.

Romeo And Juliet by William Shakespeare :: Papers

Romeo And Juliet by William Shakespeare This scene is a turning point in the play, showing how Romeo is drawn into the violence that haunts Verona. He enters full of the optimistic joys of love; at the end, he flees into banishment, leaving behind him the bodies of Tybalt and Mercutio. At the beginning of the scene as Mercutio and Benvolio enter; Shakespeare is quick to build up the threat of danger. Straight away, Benvolio is making an excuse for why he Mercutio should withdraw, "I pray thee, good Mercutio, let's retire". Benvolio is simply trying to keep the peace, as he knows Mercutio has a short temper. He is obviously very worried about the threat of danger, as shown by his language, "I pray thee". The Montague's seemed worried, upon the arrival of the Capulet's, fearing that they may be irritated that they sneaked into the Capulet's party, but it seems that is not the reason for the apprehensiveness. Mercutio stirs trouble with Tybalt, but Tybalt doesn't really want to hurt Mercutio, as he knows he ´ s only teasing around, and Mercutio isn't a Montague, but Tybalt however wants a word with Mercutio ´ s good friend, Romeo. Tybalt settles the quarrel with Mercutio when Romeo turns up on the scene. Tybalt accuses Romeo of being a villain, Romeo tries to reason with Tybalt, and even goes as far as saying 'And so good Capulet, which name I tender as dearly as my own, be satisfied ´. Mercutio cannot believe this; he calls it a vile submission, and so shows a little more hatred towards Tybalt. Mercutio is portrayed as a very playful character, For example in Zeffirelli's version of the play Mercutio is washing in the fountain, Mercutio is shown to be having a good time and knows that he does not have to leave, therefore why should he. He has a good reason to stay where he is, although Benvolio is desperate to prevent trouble and tries to get Mercutio to leave. Benvolio has intervened previously when Mercutio has been in trouble, but Benvolio is kept on the

Facility Planning Part I

Facility Planning-Part l When making plans to build or renovate a heath care facility there are a lot of things that must be taken into consideration. The first thing to start with is the community. The planner must evaluate the community to find out what type of community the facility is located in and if the facility is serving the needs of the community. This paper will take a look at a community in on the south side of Chicago and the new development of a long-term care facility in the community. It will discuss the community’s need for the long-term care facility. It will discuss the type of population the long-term care facility serves. It will also give a description of the long-term care facility serving the older adults in the community. Roseland is a large community located on the south side of Chicago, Illinois. It is a mixed community of all ethnics and ages. For the older adults it is not a community for them to live alone in. The community is flourishing with youths and with the youths came a rise in crime. Drugs and violence is running rapid, however, the older adults don’t want to leave their homes, their community, their known surroundings. Also affecting the community is the economy. With property taxes and the cost of living on the rise, it is a struggle for the older adults to maintain their independents. With these things coming against the aging adults, there came the need to place the aging adults some place safe and affordable without taken them out of the community. This need lead to the development of a supportive living community. There are more than 60 long-term care options. These services are divided into nine categories. Supportive living, also called assisted living, falls under the Housing category. Independent housing, continuing care retirement community, and group housing also falls under the Housing category of long-term care options. Supportive living services were uniquely developed for older adults who cannot function without help and consequently cannot be assisted in a residential-care or retirement-living facility. The cost for living in a supportive living community costs can range between $2,000 and $2,000, depending on the room size and amenities. There is an additional charge for medical services. This is the perfect service for older adults who need assistance but don’t require 24 hour monitoring or help. It is also perfect for the older adult who can’t afford to live on his or her own because of the cost of living. Victory Centre of Roseland is a Supportive Living Community by Pathway Senior Living. Victory Centre of Roseland is for those in need of some assistance with the activities of daily living. This facility has private studios with a resident call system and a step in shower. The staff provides three daily meals, medication management, housekeeping and laundry weekly, wellness programs, scheduled trips and activities, routine maintenance, all utilities except phone, cable, and internet, living room with fireplace, library, a dining room for family and private gatherings, courtyard garden with patio, community room with 50† TV, craft room with demonstration kitchen, beauty/barber shop, and a bathtique with whirlpool. It is also pet friendly. Making plans to renovate or build a facility takes a lot of work and planning. One of the main considerations is to take a look at the community and the needs of the people in the community. On the south side of Chicago, Illinois the Roseland community felt the need to establish a supportive living for the older adults who reside there. Out of this need came the development of Victory Centre of Roseland. Developed by Pathway Senior Living, this facility provides a safe, affordable place for the older adults to reside without living his or her community. This facility offers the comfort of home along with providing companionship and the security of 24-hour staffing, or assistance with life’s daily tasks. This community has everything an older adult needs to enjoy each day of his or her life to the fullest. It is conveniently located near shopping, medical offices, and transportation. This park-like ground, comfortably furnished community provides a haven from the hustle and bustle of the city in the city.

Education and Lifelong Learning Essay

1. Understand own role and responsibilities in the lifelong learning. (1.1) Having been requested to produce a brief on my roles in teaching and professional values whist teaching in this role. I have to deal with variety of personnel from different ability groups and cultures. I often have to deal with ever changing legislation such as the Joint Service Publications (JSP’s) regarding subjects taught at the training wing, as well as the JSP’s we have to work in line with the Royal logistic Corps Training and Development Team (TDT) which gives up to date changes regarding our codes of practice. some of my roles in teaching the CLM courses are teaching Military Discipline which gets updated regularly from the Army Act 2006, my other key area is Health & Safety which is governed by not only the Health and Safety at work Act 1974 (HASWA) but has its own JSP for the Ministry of Defence (MOD). (1.2) As with any organisation the MOD must comply with the Equality Act 2006, as for my role in promoting Equality and valuing Diversity as mentioned earlier the Royal Logistic Corps has a very versatile group with personnel from all over the commonwealth and also having many different religions. We adapt our lessons and exercises in line with the needs of personnel who may require a different learning style than that being used with extra time given to anyone that may have dyslexia or any other learning difficulty, if a soldier requires time off for religious beliefs they will be given extra tuition for the teaching periods missed, concessions will also be made if a soldier wears headdress as part of their religion with time given before and after an event such as firing on a range where they must wear a helmet for safety reasons. Before all students arrive at the training wing they must be at a set standard as directed by the RLC which will include being at the right basic skills level for the course and at the right fitness level they are also required to carry out an initial assessment on the first day of the course to see what standard the students are at, if the student gets low marks on some of the subjects covered they might be placed as an at risk student which means they may require additional tuition during the course but this information is kept between the instructors and the student involved with constant updates being given throughout the course. Whilst the training sessions are laid down the instructors will adapt the lesson so the students understand the subject by involving them in group discussions and are encouraged to ask any questions throughout the lessons. (1.3) In my role as an instructor I am responsible for the day to day running of the training wing and am solely responsible for certain lessons such as Military Discipline, Health & Safety and Tactics which involves keeping up to date with all the relevant legislation and the upkeep of the classrooms. I also coach and mentor the Junior Non Commissioned Officers in all the CLM lessons which involves evaluating them during lessons to ensure the subjects are being taught correctly and in line with the RLC’s policy. (1.4) In my role regarding identifying and meeting the needs of the learners I take great care in seeing what sort of standard they are at when they first arrive on the courses by interviewing each student after they have carried out their initial assessments and asking them if they require any additional support during the course and what expectations that they may have regarding me as there instructor. If I feel that the student is going to struggle as their assessments were not up to the standards required during the course they are informed that they are an at risk student but does not affect them in any way if there standard improves and will be given regular evaluations and updates on their performance. 2. Understanding the relationship between teachers and other professionals in lifelong learning. (2.1) Some of the boundaries I face as an instructor in the Military are maintaining a professional relationship due to other instructors having a different outlook on a subject or not doing enough research, at times the Military seem to want a subject taught even if the instructor is not qualified which puts more demands on them. (2.2)Some of the areas of referral we use for the learners are met by having all the correct equipment available during any period of teaching with no time restrictions placed, all learners are given clear guidelines and targets that will need to be met. (2.3)In my role I have certain responsibilities regarding the relationship with other members of the training team and also do all correspondence with other outside agencies that are with our evaluating area such as keeping all internal evaluations are kept up to date with the current policies and keep are lessons up to date and accurate. I am also responsible for maintaining and evaluating all learner feedback and amending lessons that the students feel need changing this is a long process as I need lessons checked by the Training and development team before I can use them. 3.Understand own responsibilities for maintaining a safe and supportive learning environment. (3.1)When maintaining a safe and supportive learning environment this will ultimately depend on the type of lesson being taught but classroom layouts will change depending on the needs of the learners, all lessons are kept short or are broken down so the learners have regular breaks so not to lose concentration. We also do a lot of interacting within the groups to make the learner feel that are giving input to the lessons. In regards to the Health & safety of the learners all classrooms are laid out as per the HSE’s guidelines with all lighting, seating and blackout blinds fitted all classrooms have fixed projectors and whiteboards for interaction with mobile whiteboards for learners when they are broken down into smaller groups. A brief is given at the start of each course to ensure the learner understands that the instructors are to help and should be approached if they feel something is wrong. (3.2)To promote appropriate behaviour and respect for others I impose certain ground rules at the start of each course so the learners understand what is expected of them during the course. They are brief on all Health & Safety regulations what to do and were to go in case of a fire, that no anti-social behaviour or offensive language will be tolerated and they must be punctual so not to waste the teacher’s time or the other learner’s time and to ensure they don’t interrupt during the lesson if someone else is speaking. They are briefed on classroom etiquette by ensuring the classrooms are left clean and tidy at all times and all mobile phone are turned off our on silent unless a learned has an important call to make then they are asked to leave the room. All learners are briefed to have the upper most respect for all other learners and teachers throughout the course.

Voter Turnout, How Can We Turn it Around Professor Ramos Blog

Voter Turnout, How Can We Turn it Around Voting is a right of passage in America, however many people don’t turn out to vote. In any given election turnout rates can vary from 50-60% (McDonald) which gives the US one of the lowest voter turnout rates. This is a big issue for the country because it shows that many of those that are able to vote are not for some reason or another, which means that so many peoples voices are not being heard. Everyone who is able to vote should participate so that many diverse views can be accounted for in the decisions that affect our entire population. To encourage more people to vote, voting should be made more convenient, through automatic registration, online voting, and by allowing people to choose where they vote. Ever since the country was created there have been limits on who was qualified to vote. For a long time, rich, landowning men were the extent of voters, and not until the 15th amendment giving African Americans the right to vote, and the 19th amendment which gave women the right to vote did voting open up to the majority of the population. However, there are still states and laws that are preventing eligible voter the right to vote. According to Rapoport and Hines â€Å"23 states have enacted one or more restrictive laws since 2011† (22), these states are using anything from Gerrymandering, voter identification laws, and restricted registration and access to limit certain voters who disagree with the majority party of a state. Fortunately, the supreme court is fighting back against these states and forcing some states to relax their voting criteria. And in turn this will allow for a larger voter turn out as those who the states have oppressed will be aloud to vote once again. Convienience is an important aspect that can increase voter turnout. Accourding to Stein and Vonnahme â€Å"Convenience is more influential to the infrequent voter’s decision to vote† (489), this means that by focusing on helping people who don’t typically choose to vote and making it easier for them, voter turnout can increase by the maximum amount. Those who vote irregularly or infrequently are most influenced by proximity and ease of voting and tend to vote on polling day, while on the other hand people who vote regularly typically take advantage of voting by mail, and plan ahead who and what they wish to cast their ballots for. However, making voting more convenient will benefit both groups and make all voices easier to be heard. Automatic registration allows voters to vote without having to preregister. In many states there are currently laws that limit the amount of time in which citizens have to register to vote before the election day. These laws target younger voters who turn 18 near voting time, as well as voters who register later on. By allowing automatic registration no one can be denied voting rights because they were late to register. Currently more and more states have decided to implement automatic registration, â€Å"In just a few short years, 13 states and D.C. have adopted AVR. In Oregon, more than 200,000 voters were added in 2016.† (Rapoport and Hines 23). Even though registration may be automatic in some states, additional steps should still be taken to promote voting. While it is very important to make voting more convenient to maximize the amount of people who vote, some states are doing the opposite and making voting less convenient for certain groups. States such as North Carolina are targeting African Americans in order to suppress their votes and keep the Republican party a majority in the states. An example of the techniques used to make voting more difficult for some voters includes, â€Å"targeting African American voters, including by eliminating Sunday early voting, when African American churches traditionally sponsor souls to the polls.† (Rapoport and Hines 22). These limits are strategically being used to suppress diversity, and in turn are bringing down the voter turn out rate. There are many ways in which voting can be made easier and more convenient, however the one solution that has not already been implemented is online voting. If the option to vote online became available citizens could use their social security number, or driver’s license to both register online, which is already available, and vote at the same time. Across America 77% of people say that they go online every day. With the internet reaching a majority of the us population, as well as being a place that 26% of people are on almost constantly (Perrin and Jingjing), online voting would be extremely efficient in reaching a majority of the population while also being and convenient. For those who have cell phones or computers they could easily look up all of the issues that the ballot covers while voting to ensure that they are well informed on the issues. Online voting would also allow the homeless to vote on important issues, because even though the homeless can currently register to vote in all 50 states, they often have difficulty putting a home address or proving residency for a state (Voting and Homelessness). Through online voting a home address shouldn’t be necessary, and could be easily tracked with a social security number, so anyone could vote on their phone, computer or at a local library in comfort. Some may argue that online voting may become an issue with security risks and hackers, however voting at polling places and by mail still have their own issues as well. According to various news sources reporting on the 2018 midterm elections many states had a range of issues due to their computerized voting machines that were out of date and constantly malfunctioning. In Michigan for example, â€Å"Rex Nagy, a voter in Redford Township, said that his polling place at Pierce Middle School was relying on just one voting machine †¦ Nagy saw about half the line leave to go to work, he said† (Friedersdorf). And in South Carolina it was reported that, â€Å"machines werechanging votes† (Friedersdorf), this issue was entirely due to these outdated machines not being able to keep up in modern times. While many such occurrences are marked as accidents, online voting could help to prevent these long lines and voting errors by giving people easy and reliable access to voting on their own electronic devices. While choosing not to vote does not have a large impact on the overall country, it is a right that should not be taken for granted. Being able to vote is a right that many generations had to fight for, and being able to live in a democracy with voting rights shows how much society has changed. Current voter turnout however indicates that many citizens in this country are not appreciating all of the hard work and dedication that their ancestors put in to vote. Many minorities should welcome the opportunities denied to them for so long. The Civil Rights Movement, and the Suffrage Movement changed this country and the many lives that fought for and were lost for these causes should not be forgotten by the many people who do not turn out to vote for who and what they believe in, which will help change and inform the future of the United States. Works Cited Friedersdorf, Conor. â€Å"An Embarrassment of Glitches.†Ã‚  The Atlantic, Atlantic Media Company, 7 Nov. 2018, theatlantic.com/ideas/archive/2018/11/voting-machines/575044/. This article provided a list of incidents with polling machines that occurred during the 2018 mid term elections. This article is being used to oppose an argument against online voting. While the article is written by a media company it is well researched and is credible because the author has collected data from reliable sources. McDonald, Michael. â€Å"Voter Turnout Data.†United States Elections Project, electproject.org/2016g. This website contains official turnouts from various elections. I choose this website because it shows the differences between primary and midterm elections to show the range of turnout that can occur during election. This source is credible because the information comes from the government’s official voting tally. Perrin, Andrew, and Jingjing Jiang. â€Å"A Quarter of Americans Are Online Almost Constantly.†Pew Research Center, Pew Research Center, 14 Mar. 2018, pewresearch.org/fact-tank/2018/03/14/about-a-quarter-of-americans-report-going-online-almost-constantly/. This article compiles research that has been done on the frequency of Americans in using technology. It is being used to show how online voting could be beneficial to a country that relies heavily on the internet. This is a credible article because the authors have done research on the topic from a credible center. Rapoport, Miles, and Cecily Hines. â€Å"The Good News from the Voting Wars: How Hard-Won Expansion of Voting Possibilities Could Raise Turnout, Boost the Waveand Help Our Democracy.† American Prospect, vol. 29, no. 4, Fall 2018, pp. 22–26. EBSCOhost, search.ebscohost.com/login.aspx?direct=truedb=pohAN=132438062site=ehost-live. This article describes the many issues that face the modern-day voter. Its being used to demonstraight the many issues that need to be addressed to improve voter turnout. This is a scholarly article. Stein, Robert M., and Greg Vonnahme. â€Å"Engaging the Unengaged Voter: Vote Centers and Voter Turnout.† Journal of Politics, vol. 70, no. 2, Apr. 2008, pp. 487–497. EBSCOhost, doi:10.1017/S0022381608080456. This article discusses how to best reach those who do not regularly vote. The ideas from this article are used to show the best ways to engage the unengaged voter. This is a scholarly article. â€Å"Voting and Homelessness.†Nonprofit Vote, Nonprofit Vote, nonprofitvote.org/voting-in-your-state/special-circumstances/voting-and-homelessness/. This website presents the issues that the homeless face when they want to vote. It is used to show challenges that certain groups face that could be solved with the use of online voting. This article is a nonprofit that aims to help people vote, which makes it a credible source on voting issues.

How to Write a Financial Case Study

How to Write a Financial Case Study How to Write a Financial Case Study A financial case study is important in that it helps the finances student as well as financial practitioners in the mastery of the elements described in financial planning standards. The procedure used in writing a financial case study is one of the simplest to follow. This is primarily because it basically consists of specified figures, hence, simplicity. The initial step in the writing of a financial case study involves evaluating a client’s financial situation and identifying specific goals as well as stating the objective of the case study, which might be to avoid the mismanagement of funds for a particular individual or an organization, for example. The second step is to determine the main areas that are to be addressed in a financial plan. Later, the writing of a plan will include the methods that will be used in order to maintain cash flow while minimizing its wastage. The fourth step is the identification of any additional data that could be useful in the establishment of a financial plan. Lastly, various strategies are utilized and recommendations given in the financial plan to satisfactorily address the user’s needs. It is of crucial importance to follow the careful structure of a financial case study when composing its draft or outline. This will affect the logic and flow of narration in the paper. No matter which topic you select to explore, no structural component can be omitted. It is sometimes also important to receive feedback from your supervisor or scientific advisor on the initial stage of researching. This will help to direct your work in an appropriate manner. Additionally, be certain to proofread, edit, and double-spellcheck your composed paper before submitting it. A poorly written paper containing mistakes and other flaws will hardly earn a high grade. Finally, be aware of plagiarism! This is a very serious issue that may lead to major negative consequences affecting your academic career. Properly cite all sources used in your financial case study to ensure that you have not stolen somebodys words, ideas, or research, be it in print, online, or in some other format. Composing a financial case study is quite a complicated matter, so one can sometimes find it difficult to handle especially if one lacks time, skills, and subject knowledge. Still, this is not a reason to lose heart. You can always depend on the professional help of a custom writing company. These days, you may choose one from a wide range of online agencies and entrust your financial case study to their writers. Do not doubt that your paper will be composed and submitted to you by a given deadline and according to your specified requirements. Academic writers at can provide you with quality Finance case study help starting at $13/page. We guarantee non-plagiarized custom case studies with timely delivery.

Effects of Lack of Diversity on the Impartiality of the Judicial Essay

Effects of Lack of Diversity on the Impartiality of the Judicial Officers - Essay Example This is echoed by Article 6, paragraph 1 of the European Convention on Human Rights. Such a right to an independent and impartial tribunal contains both objective and subjective elements. The objective element entails separation of powers within the constitutional structure of the country. The subjective element entails avoidance by the tribunal of any semblance of dependence. Consequently, the members of the tribunal should avoid any act, attitude or comment which may lead to doubts among litigants as to the independence of the tribunal. Such avoidance is also part of the necessary impartiality of the judiciary.1 The Judiciary in England and Wales as It Is It has been observed that a judiciary that does not reflect society‘s diversity will ultimately lose the confidence of that society. Such is the replication of England‘s judiciary which has earned the decription of â€Å"pale, male and stale† to mean a white, male-dominated bench. This is backed by the fact that women and ethnic minorities are barely represented in the judiciary despite relentless efforts for more diversity in judicial appointments. For instance, Baroness Brenda Hale is the only female justice out of the 12 places in the Supreme Court of England.2 In similar breath, Rabinder Singh became the first Sikh, a non-white, to be appointed a High Court judge of England and Wales.3 This is happening in the midst of heated debates as to how and when to strike a balance between diversity and judicial selections based on merit. Such is the argument of the President of the Supreme Court, Lord Phillips, who favours judicial appointments based on merit over diversification. However, this school of thought has faced strong opposition with some arguing that merit is a non-issue or better yet an excuse not to effect judicial diversity speedily.4 Consequently, the lone-rangers in the judiciary such as Hale have called for more women and ethnic minority judges in the courts. She further terms the lack of diversity on the Bench to be a constitutional issue. While addressing the House of Lords Constitution Committee, Hale argued that judicial officers would approach issues differently based on their background, and that a lack of diversity could also change the substantive results of cases. Therefore, as such resistance to diversity among judges is considered to be misguided. She in turn suggests that some cases require diversity of perspectives and life experiences in order to get the best results. A case in point is in child-birth and rape matters where she suggests that the gender of justices would matter in how the cases are determined. Challenges of Independence and Impartiality of the Judiciary Judges are subjected to various kinds of pressure aimed at compromising their ability to dispense justice in an impartial and independent manner. For instance, the independence and impartiality of the judiciary is compromised when they are appointed by the Executive or Legisl ature or even where they are elected. This is further exacerbated by lack of tenure where they are employed on temporary contracts and are poorly paid thus they become susceptible to corruption they may also be publicly be criticised by the other arms of government in order to

The USA Involvement in Mali Conflict Research Paper

The USA Involvement in Mali Conflict - Research Paper Example The reason that could support the USA involvement in the Malian conflict is the fact that Mali has been identified as an emerging new hub for terrorism (Teichmann, 2013). Reports have indicated that the al-Qaeda wing that is operating in Mali was responsible for the Algerian attacks, which greatly impacted on the country, and caused it a great deal of instability. The effect of the war in Mali, courtesy of the Jihadist and other militant rebels can already be felt, to a significant level. The United Nations agency that handles refugees has been calling for an international community engagement in resolving the conflict, citing the Humanitarian crisis that has been experienced in the country since the war began. According to UNHCR, hundreds of thousands of the Malian population in the northern region have been displaced, while many others have been killed in the conflict and yet more others abused (Watt & Harding, 2013). This concern raises the need for the USA to consider engaging in the Malian conflict, just to help bring the war to a speedy end, and thus help to rescue millions of the Malian civilians who are suffering in the hands of the militants, as well as those being displaced and committed to suffer as refugees in the neighboring countries. According to the UNHCR statistics, more than 150,000 people have been forced to flee out of Mali, while another 230,000 are now living as internally displaced persons within the country (Perry, 2013). This trend is alarming, following the consideration that it is the international community that is responsible for giving aid to such people, through the international humanitarian agencies, such as the UNHCR.  The rebels and the insurgent militants have also given the USA more reasons to engage in the Malian conflict. The Jihadists and the Rebels have been involved in taking hostages most of the people from the western powers living or serving in Mali, as the aids assistants to the people who are affected by the war (Huff Post, 2013).

Measurement and Instruments for a Quantitative Research Plan Coursework - 1

Measurement and Instruments for a Quantitative Research Plan - Coursework Example It is against this background that the levels of measurement to be selected for the study would follow the principle of ordinal scale of measurement. This means that grading shall be assigned to the students according to their performance rate. The levels of measurement shall therefore be a grading system to be tagged or labeled as ‘A’, ‘B’, and ‘F’. As an ordinal scale, these levels of measurement shall be directly linked or related to the performance rate of students. In the given situation, students who score grade ‘A’ shall be given the classes they applied for whiles students who score ‘B’ shall be placed in one class below the class they applied for. Finally, students scoring ‘F’ shall be rejected a place in the schools. Given the levels of measurement that will be used in the study, the researcher shall design a multiple-indicator instrument or test. The multiple-indicator instrument will be used because it has the potential of ensuring validity on a number of scales. Cherry (2012) explains that â€Å"When a test has content validity, the items on the test represent the entire range of possible items the test should cover.† This means that the study shall ensure content validity by setting out questions to cover all aspects of the course content to be given to the students (Rodchua, 2009). By so doing, the test items shall represent the entire range of possible items because no aspect of the course content shall be left out. On empirical validity, it has been said that for empirical validity to be achieved, it is important that the researcher creates a criteria with which the results obtained can be compared for confirmation (Cheng, 2009). In the present study, the empirical validity can be measured by means of comparing the scores of the test, to the continuous assessment results that the students will bring from their respective

Different Views To Non Equivalence English Language Essay

Different Views To Non Equivalence English Language Essay Equivalence does not mean the source text is the only significant factor. However, equivalence does make out the translation from writing. 2. Equivalence to a manuscript in another language entails more difficulties, linguistic, temporal and cultural, and therefore, more challenges than monolingual interpretation. 3. Similarity to the source texts is neither possible nor even preferred. 4. Text type is a vital issue in deciding how much a translation should be equivalent as well as other factors such as translation purposes, demands of the clients and expectations of the target readers. 5. Equivalence is never a static term, but is similar to that of value in economics. 6. Equivalence and the techniques to achieve it cannot be dismissed all together because they represent a translation reality. He stresses that equivalence it will remain central to the practice of translation even if it is marginalized by translation studies and translation theorists. Finally (Leonardi, 2002) sees the concept of equivalence as would known is one of the most problematic and complicated issues in the study of translation theory. The term has created, and it seems quite possible that it will keep on causing, heated issues in debates in the field of translation studies. This term has been classified, studies and widely discussed from various points of view and has been reached from several various perspectives. The first debate of the concepts of equivalence in translation was the additional explanation of the term by contemporary theorists. The complexity in defining equivalence as the consequence of the impossibility of having a widespread approach to this concept. The investigation of equivalence in translation reveals that how translators exactly transfer massage in translation from the source language into target language or vice versa. 2.4 Different views to non-equivalence at a word level especially culture- specific concepts One of the most challenging tasks for all translators is how to render culture- specific concepts in a foreign language. Indeed, we will see how much attention has been paid to this problem by translation theories. (Newmark, 1987) define culture as the manner of life and its appearance that relate to a community that uses exact language as its way of expression; he also said that culture is object , processes , institutions , customs, idea peculiar to one group. While (Deretti, 1980) define culture as the whole thing that individual have produced, discovered, constructed, changed, and progressed during life. (Demo, 1987) define culture as total of knowledge, a way of life, creative and moral, main beliefs, laws, habits, as well as the capability acquired by humans as members of a community. (Albà ³, 2005) defines culture as an idea connected to personality asserting that citizens have the tendency to distinguish themselves as parts of a group due to the common distinctiveness they share with its other members and also to the differences they develop in relation to others. While (Sapir, 1986) points out that no two languages are ever completely similar to be taken as indicating the same social reality in the worlds in which various societies exist are distinctive worlds, not simply the same world with different labels attached. The idea of equivalence has a lot of disparagements and challenges. If equivalence is taken as the heart of translation, the second issue will about cases of nonequivalence in translation. As (Baker, 1992) points out, the complicatedness and the difficulties in translating from one language into another is posed by the idea of nonequivalence, or lack of equivalence. This crisis can be seen at all language levels initially from the word level up till the textual level. She explores a variety of nonequivalence troubles and their achievable solutions at the word, above word, grammatical, textual, and pragmatic levels. She takes a bottom-up approach for educational reasons. She goes on with her nonequivalence debate from the word to more upward levels. She claims that translators must not miscalculate the increasing consequence of main idea options on the way we understand the text. She also acknowledges the reality that there are translation troubles created by nonequivalence. She classifies common difficulties of nonequivalence and gives suitable strategies in handling such cases. (Baker, 1992)cultural specific concepts are those SL words may state an idea that is entirely mysterious in the target culture. They possibly will cover something to do with a spiritual belief, community custom, or even a kind of food. For instance, in Arabic, we have Jihad, as a holy word which is unidentified in the majority of the other languages. The second group is SL idea is not found in the target language which reveals that the SL word can state an idea that is identified in the target culture but basically not lexicalized. She also gives an example of landslide has no accurate equivalence in various languages. She also points out that the SL word is semantically problematical and reveals that a particular word can occasionally state a difficult meaning than an entire sentence. The other is that the TL lacks a superordinate or a hyponym which means that the TL possibly will have an exact word (hyponym) but no general words (superordinate), and vice versa. For instance, under house, English has a diversity of hyponyms which have no equivalence in several languages such as Arabic, for example in English we have: bungalow, cottage, croft, chalet, hut, and manor, lodge and so on. Diversity in meaningful is an extra difficulty of nonequivalence at the word level shown by (Baker, 1992) which show that there may present a TL word which has the similar propositional meaning as the SL word, but possibly will have a dissimilar meaningful meaning. Terms like homosexuality offer fine examples homosexuality is not a naturally uncomplimentary word in English, although it is normally used in this way. On the other hand, the equivalence expression in numerous other languages is naturally more badly and would be reasonably not easy to employ in a neutral context without suggesting strong dissatisfaction. (Nida, 1945) holds out that almost all would identify that language is most excellent classified as a branch of culture when dealing with several kinds of semantic problems, mainly those in which the culture under consideration is quite different from his or her own, for instance, the English expressions the houses of Commons are culture-bound. Similarly, the expression brother-in-law loses its meaning when translated literally into Arabic akh fi al-qaanun a brother in the law. While English applies this expression to the brother of your husband, the brother of your wife, the husband of your sister, the husband of your husbands sister, and the husband of your wifes sister, so Arabic expresses itself differently. Most significantly, in Quran translation, schools of exegesis have considered as the major part in the translation. Therefore, intra-language translation plays a major function within the target text. Translating the Quran text is the difficult job due to the fact that the translation process is fraught with pragmalinguistic and cross-cultural limitations. The Quran translator, for example, must be aware of the cultural Muslim tradition that draws a difference between exegesis tafsiir and para-transfer opinion tail. (Nida, 1964) states that a person who is engaged in translating from one language into another must to be always conscious of the dissimilarity in the entire variety of culture shown by the two languages pragmatic and contextual divides among the source language and the target language. He also shows that the semantic associations between the words of various languages have no one-to-one sets of correspondences or even one-to-many sets. The associations are always many-to-many, with more of scope for ambiguities, unclear, and unseen boundaries. Furthermore he identifies two kinds of equivalence, formal and dynamic, where formal equivalence keeps its concentration on the message itself, in both type and content. In this kind of translation one is concerned with such correspondences as poetry to poetry, sentence to sentence, and concept to concept. He calls this kind of translation a gloss translation; which aims to let the reader to comprehend more of the SL context as possible. (larson, 1984) stress that there is rarely completely equivalent between languages. Because of this, it is often essential to translate one word of the source language by a number of words in the target language in order to give the similar meaning. The fact that the target language is spoken by people of a culture which is often very dissimilar from the culture of those who speak the source language will mechanically make it hard to find lexical equivalents. The lexical difference will make it necessary for the translator to make various adjustments in the process of translation. This shows that, in translating, we often encounter source language lexical items that do not correspond semantically and grammatically to target language expressions. (Schnorr, 1986) identifies the place where a lack of cultural specific of nonequivalence can be found: 1. Festivals and celebrations: Such as standing day in pilgrimage in the Islamic World, which is an extension for the example derived by Schnorr (the idea of Guy Fawkes Day in the United Kingdom) in the Islamic world? 2. Dressing and national traditions: Such as Sari in India and shal a type of head garments in the Arab World. Tools and objects: Like Mugwar a tool for fighting in Iraqi Arabic. 3. Historical facts: Such as the restoration in England and Al-twabeen in the Islamic history. 4. Spiritual terms such as minister, priest in Christianity and Ayatollah in Islam. 5. Educational and specialist knowledge. A number of scholars have accepted the importance of the problem that appears at a culturally specific terminology of translation for example, (Pistor-Hatam, 1996) argument of translations from Persian to Ottoman Turkish beginning of the fourteenth century, remarks that Arabic tarjama2 meant to interpret, to care for way of explanation, rather than to transfer from one language to another as take place in its recent practice. (Hagen, 2003) scripts of a related period and position _ Persian-Ottoman translations in the fifteenth to seventeenth centuries _ claims that the difficulty of translation into Anatolian Turkish starts with terminology, since translating the Arabic-Turkish term tercume as translation does not fully render the idea. In local usage tercume covered a much wider capacity, by transferring a text or parts of it into another language. (Jedamski, 2005) puts a variety of terms that appear to have been used almost synonymously for translation in Malay, for example, terkarang (written, composed), terkutip (quoted, copied) and dituturkan (arranged), indicating that no single term was sufficient to describe the multiple and creative activities. (Levy, 1984) states that any reduce or remove of complex expressions in translating were morally wrong. The translator, he supposed, had the responsibility of discovering an answer to the most discouraging of the problem, and he stated that the practical view must be selected taking into account all the aspects like appearance, style and sense. If the principle of sameness cannot exist between two languages is accepted, it becomes likely to come close to the issue of loss and get into the translation method. (Nida, 1964) found rich materials about the reasons of failure in translation, in particular regarding the complication with a translator when he or she found a term or ideas in the SL that cannot be found in the TL. He cites the case of Guaica, a language of southern Venezuela, where there is small trouble in finding suitable terms for the English murder, stealing, lying, etc., but where the terms of good, bad, ugly and beautiful cover a very different area of meaning. When such difficulties are faced by the translator, the whole issue of the translatability of the text is raised. (Catford, 1965a) identifies two types of untranslatability, which he calls the linguistic and cultural. On the linguistic rank, untranslatability take place when there is no lexical or syntactical alternate in the TL for an SL it Catfords class of linguistic untranslatability, which is also introduced by (Popovic, 1971). In linguistic untranslatability, he insists, because of variations in the SL and the TL, whereby cultural untranslatability is of the absence in the TL culture of a significant situational feature of the SL text. For instance, he combines the different concepts of the term bathroom in an English, Finnish or Japanese context, where both the object and the use made of that object are not at all alike. But (Catford, 1965b) also claims that more concrete lexical items such as the English term home or democracy cannot be said as untranslatable, and holds that the English phrases like Im going home, or Hes at home can readily be provided with translation equivalents in most languages while the term democracy is international. The English phrases can be translated into the major European languages and democracy is an internationally used term. But he ignores to take into consideration two significant factors, and this seems to symbolize and add a slight approach to the issue of untranslatability. If Im going home is transferred to as Je vais chez moi, the sense meaning of the SL sentence (positive self speech aims to carry on in place of residence and/or origin) is only insecurely produced. And if, for example, the phrase is spoken by an American stay for some time in London, it could either mean a return to the immediate home or and Beyond. (Kashgary, 2010) religious vocabulary are culture-specific they have taken as a symbol group of translation nonequivalence since they cannot be correctly translated by giving their dictionary equivalents. The lexicon equivalents of these terms may be measured within the framework of Nidas estimate in translation where equivalents are specified only to estimate the meaning in universal terms and not the details since the content of these terms is extremely dissimilar from the content of their equivalents. (Korzeniowska and Warszawa:, 1994) the entire culture-specific concepts which take place in the source language but are completely unknown in the target language are the most notorious for the making the problems with finding equivalents. There possibly will be also circumstances where the source culture and source language build different distinctions in meaning from the target culture and target language. The target language may also lack a more specific concept or term (hyponym) or a more general one (superordinate). Also a literal, word for word, translation would be completely difficult: the speakers of English would neither understand the nature of this establishment in reference to source language culture, nor associate it with any institution of a similar type present in their system. Translators are always under pressure to reproduce the exact meaning of the original in the translated text. (Davies., 2003) defines culture as the set of principles, way of thinking and behaviors shared by a group and accepted by learning. These culture specific items are different among cultures as a variety of countries have a dissimilar history and experience of life. When the source text expression is found as being strange to the target audience, the strategies for dealing with nonequivalence should be applied in translating. Different types of nonequivalence should be treated using different translation strategies .While he works in the field of translation with more consideration on the translation trouble of culture specific items such as different traditions, dress, or references to a variety of types of food. He identifies a number of measures that are used in translation of culture specific items:

The Saga of the Tigua Indians Essay -- Tigua Indians Native Americans

The Saga of the Tigua Indians The Saga of the Tigua Indians is an amazing one. By all reasoning they should have been wiped out long ago. There quiet defiance to change, however, has carried them through. From the height of civilization to near extinction the Tigua have remained. They endure imprisonment by the Spanish, oppression and manipulation by everyone that followed. This is the story of a people thought to extinct, that are once again learning to survive. Early histories of the Tigua Indians are conflicting and largely untrue. Since 1680 it had been believed that the Tiguas were traitors to the Pueblo Nation, and had chose sides with the Spanish during the Pueblo Revolt. Upon the Spanish retreat south it was believed that the Tiguas chose to flea with the Spanish Military. The truth of their migration south is somewhat different. The Tigua are direct descendants of the Pueblo Indians of Isleta, New Mexico. There name Tigua, or Tiwa, refers to the dialect that they speak. Long before they founded Isleta, however, they were the inhabitants of a much more spectacular home; the fabled city of Gran Quivira, the golden city that drew the interest of Coronado. By 800 A.D. the city covered seventeen acres. T its height it had twenty housing projects built in the form of towering apartments, when most of Europe was nothing but primitive tribes. Terraces, garden apartments, churches, workshops and kitchens separated these projects. The masons w ere so skilled that the stones required no cement, and the carpenters cut wood in a way that the beams required no nails. When the Spanish finally found this city of legends they ere so impressed that they called it Pueblo de los Humanas, or the City of Human Beings. Then they went about destroying the city and the people forcing them into exile. This marked the beginning of centuries of abuse. From relocation to theft the Tiguas were to become the plaything of Europeans and Americans alike. In 1680 the majority of the Pueblo Indians in New Mexico staged a revolt against the Spanish. On the whole the Tigua did not join the revolt. Some believe this is an indication that the Tigua were loyal to the cross and to Spain. This is not entirely accurate. As the southernmost pueblo, location probably had more to do with the fate of the Tigua then anything. The news of this revolt led by an Indian named Pope had... ...se. The tribe is currently building many welfare programs, educational programs, establishing health benefits, plus laying aside money to distribute to the entire tribe. The money is currently collecting interest in a trust until the Bureau of Indian Affairs gives approval to a distribution plan. The lawsuits to reclaim the land have been put on hold. The Tigua are getting what they want through the casino. They are by choice quietly buying land that is legally theirs anyway. Though they are the rightful owners, the Tigua do not wish to make a big scene. They prefer to achieve economic independence on their own, hopefully reducing the chances of being taken advantage of again. Only six full-blooded Tigua remain, and they still plow and keep their traditional lands. They continue to teach children and grandchildren how to be Tigua. Works Cited 1. Ysleta del Sur Pueblo Archives (the Tigua file. / (S.l. / 1992-1993 FILM 22,186 REEL 1 Center for American History FILM 22,186 REEL 2 Center for American History FILM 22,186 REEL 3 Center for American History 2. Exiled : the Tigua Indians of Ysleta del Sur. Randy Lee Eickhoff. Plano, Texas, Republic of Texas Press, 1996.

Projects: Life Insurance

PROJECT FINAL REPORT ON Agency business model of insurance companies â€Å"competitive strategies† BY SUBODH GUPTA (07BS4336) SBI Life Insurance Company Limited Summer Internship Project (Batch of 2009) PROJECT TITLE Agency business model of insurance companies â€Å"competitive strategies† A report submitted in partial fulfillment of the requirements of MBA program COMPANY GUIDE FACULTY GUIDE Mr. Suresh Kumar V. Prof. T. N. Ramakumar DSM, Calicut branch ICFAI Business School KOCHI SUBMITTED BY SUBODH GUPTA (07BS4336) Certificate This is to certify that the project report entitled â€Å"Agency business model of insurance companies competitive strategies† at SBI Life Insurance Company Limited is a bonafide record of work done by Subodh Gupta, and submitted in partial fulfillment of the requirements of MBA program of ICFAI Business School, Kochi. Prof. T. N. Ramakumar Faculty Guide IBS kochi TO WHOMSOEVER IT MAY CONCERN This is to certify that Mr. Subodh Gupta, doing MBA at ICFAI Business School, Kochi has done a project entitled â€Å"Agency business model of insurance companies competitive strategies† at SBI Life Insurance company Limited, Calicut Branch from February 22, 2008 to May 24, 2008. From SBI Life Insurance Company LTD. Mr. Suresh Kumar V. Divisional Sales Manager Calicut Branch Declaration I hereby declare that this report on â€Å"Agency business model of insurance companies competitive strategies† has been written and prepared by me during the academic year 2008-2009. This project was done under the able guidance and supervision of Prof. T. N. Ramakumar, Faculty, ICFAI Business School and Mr. Suresh Kumar V. , DSM, SBI Life Insurance Company Ltd. , Calicut in partial fulfillment of the requirement for the Master Of Business Administration Degree course of the ICFAI Business School. I also declare that this project is the result of my own effort and has not been submitted to any other institution for the award of any Degree or Diploma. Place: Kochi Subodh Gupta 07bs4336 Acknowledgements If words are considered to be signs of gratitude then let these words convey the very same My sincere gratitude to SBI Life for providing me with an opportunity to work with SBI Life and giving necessary directions on doing this project to the best of my abilities. I am highly indebted to Mr. Suresh Kumar V. , Divisional Sales Manager and company project guide, who has provided me with the necessary information and also for the support extended out to me in the completion of this report and his valuable suggestion and comments on bringing out this report in the best way possible. I also thank Prof. T. N. Ramakumar, ICFAI, Kochi, who has sincerely supported me with the valuable insights into the completion of this project. I am grateful to all faculty members of ICFAI, Kochi and my friends who have helped me in the successful completion of this project. I extend my hearfelt thanks to Mr. Sukumaran, territory manger, Mr. Sunil K. Menon, unit manager, and Mr. Vinod P. , unit manager, to help me during this project. |Contents | |Sr. No. |Subjects Covered |Pages | |1. |Project Proposed |9 – 11 | |1. 1 |Objective of the project | | |1. 2 |Methodology | | |1. |Sampling | | |1. 4 |Limitations | | |2. |Introduction |12 – 16 | |2. 1 |Definition of insurance | | |2. 2 |Functions of insurance | |2. 3 |Definitions of life insurance | | |2. 4 |Role of life insurance | | |2. 5 |Importance of life insurance | | |3. |Agency business model |17 – 19 | |3. |Insurance agencies | | |3. 2 |Functions of agency manager | | |3. 3 |Operational work of insurance agency | | |4. |Indian insurance industry |20 – 27 | |4. |History | | |4. 2 |IRDA | | |4. 3 |Changing perception of customers | | |4. 4 |Changing face of Indian life insurance industry | | |4. |Possibilities | | |5. |Global insurance industry |28 – 29 | |6. |Functioning of insurance industry |30 – 36 | |6. 1 |Insurer’s business model | | |6. 2 |Investment management | | |6. |Key ratios and terms | | |6. 4 |Requirements of an insurance risk | | |6. 5 |Various types of insurance products | | |7. |Insurance and economy |37 – 39 | |8. |SBI Life insurance company |40 – 42 | |9. Distribution of insurance product |43 – 46 | |10. |Effective marketing strategies for insurance companies |47 – 52 | |11. |Competitors of SBI Life |53 – 62 | |12. |Comparison of ULIP products |63 – 69 | |13. |Questioner |70 – 71 | |14. Conclusions and findings |72 – 91 | |15. |Recommendations |92 | 1. Project proposed Agency business model of different insurance companies- competitive strategies. Different agencies of different insurance companies are having some strategies to survive in the market. Their strategies may be in the form of: †¢ How they target their customers. †¢ How they make their advisors active. †¢ How they make their operational and sales department effective. How they promote their employees. †¢ How they handle the conflict in age ncy. Objective of the project: – Main objective of the project is to find out the strategies of different insurance agencies and evaluate them. Project is about to penetrate the competitors of SBI life. Conclusion of this project can give an idea of strategies of different companies which may be helpful to the company. Now days all the insurance companies in India are trying to establish themselves in the competitive market. They are introducing innovative marketing strategies to survive in the market. Many other private companies are looking to enter in the Indian insurance market . so it is very essential to a company to innovate their marketing strategies in terms of †¢ Recruiting their advisors †¢ To make their advisors active †¢ Well educated and capable employee in the agency †¢ Marketing of their products †¢ Deployment of their products †¢ Targeting the right and potential customers †¢ Differentiating from other companies †¢ Future plan of the company This study consists of to find out the marketing strategies of different insurance companies which are the competitors of SBI Life insurance. This research requires the interview of branch managers of different insurance companies and find out their branches are working in terms of above mentioned factors. Methodology Research is totally based on primary data. Secondary data can be used only for the reference. Research has been done by primary data collection, and primary data has been collected by meeting with the branch and agency manager of different insurance agencies and branches in Calicut. Data collection has been done through by giving structured questioner. Research has been done after 27 branch managers or agency manager. This study will be based on judgment sampling and this research is skewed to organization level. This is an exploratory type of research. And this research needs further study also Research is a kind of pilot study. Sampling Sample size has been taken by judgment sampling. Judgment sampling is a process in which the selection of a unit, from the population is based on the pre judgment. This research requires the survey of different insurance agencies in Calicut city. So research concentrates on the branch or agency manager of different insurance companies. So the selection of unit for this research has been judged by the researcher. Sample size for this research is 27. Limitations: †¢ Time limitation †¢ Research has been done only in Calicut. †¢ Companies did not disclose their secrets data and strategies. †¢ Possibility of Error in data collection. †¢ Possibility of Error in analysis of data due to small sample size. 2. Introduction The story of insurance is probably as old as the story of mankind. Tendency of a human being to secure themselves against loss and disaster has been from the starting of world. They sought to avert the evil consequences of fire and flood and loss of life and were willing to make some sort of sacrifice in order to achieve security. Though the concept of insurance is largely a development of the recent past, particularly after the industrial era – past few centuries – yet its beginnings date back almost 6000 years as per records. Insurance business is divided into four classes: †¢ Life Insurance †¢ Fire †¢ Marine †¢ Miscellaneous Insurance. Insurance provides: †¢ Protection to investor. †¢ Accumulation of savings. †¢ Channeling these savings into sectors needing huge long term investment. Functions of insurance: †¢ Provide protection: The primary function of insurance is to provide protection against future risk, accidents and uncertainty. Insurance cannot check the happening of the risk, but can certainly provide for the losses of risk. Insurance is actually a protection against economic loss, by sharing the risk with others. †¢ Collective bearing of risk: Insurance is an instrument to share the financial loss of few among many others. Insurance is a mean by which few losses are shared among larger number of people. All the insured contribute the premiums towards a fund and out of which the persons exposed to a particular risk is paid. †¢ Assessment of risk: Insurance determines the probable volume of risk by evaluating various factors that give rise to risk. Risk is the basis for determining the premium rate also. †¢ Provide certainty: Insurance is a device, which helps to change from uncertainty to certainty. Insurance is device whereby the uncertain risks may be made more certain. †¢ Small capital to cover larger risk: Insurance relieves the businessmen from security investments, by paying small amount of premium against larger risks and uncertainty. †¢ Contributes towards the development of industries: Insurance provides development opportunity to those larger industries having more risks in their setting up. Even the financial institutions may be prepared to give credit to sick industrial units which have insured their assets including plant and machinery. †¢ Means of savings and investment: Insurance serves as savings and investment, insurance is a compulsory way of savings and it restricts the unnecessary expenses by the insured's For the purpose of availing income-tax exemptions also, people invest in insurance. †¢ Source of earning foreign exchange: Insurance is an international business. The country can earn foreign exchange by way of issue of marine insurance policies and various other ways. Risk free trade: Insurance promotes exports insurance, which makes the foreign trade risk free with the help of different types of policies under marine insurance cover. Life insurance: Life insurance is a contract under which the insurer (Insurance Company) in Consideration of a premium paid undertakes to pay a fixed sum of money on The death of the insured or on the expiry of a spec ified period of time Whichever is earlier. In case of life insurance, the payment for life insurance policy is certain. The Event insured against is sure to happen only the time of its happening is not known. So life insurance is known as ‘Life Assurance’. The subject matter of insurance is life of human being. Life insurance provides risk coverage to the life of a person. On death of the person insurance offers protection against loss of income and compensate the titleholders of the policy. Roles of life insurance: †¢ Life insurance as an investment: – Insurance products yield more than any other investment instruments and it also provides added incentives or bonus offered by insurance companies. †¢ Life insurance as risk cover: – Insurance is all about risk cover and protection of life. Insurance provides a unique sense of security that no other form of invest can provide. Life insurance as tax planning: – Insurance serves as an excellent tax saving mechanism too. Importance of life insurance:- †¢ Protection against untimely death: – Life insurance provides protection to the dependents of the life insured and the family of the assured in case of his untimely death. The dependents or family m embers get a fixed sum of money in case of death of the assured. †¢ Saving for old age: – After retirement the earning capacity of a person reduces. Life insurance enables a person to enjoy peace of mind and a sense of security in his/her old age. Promotion of savings: – Life insurance encourages people to save money compulsorily. When life policy is taken, the assured is to pay premiums regularly to keep the policy in force and he cannot get back the premiums, only surrender value can be returned to him. In case of surrender of policy, the policyholder gets the surrendered value only after the expiry of duration of the policy. †¢ Initiates investments: – Life Insurance Corporation encourages and mobilizes the public savings and canalizes the same in various investments for the economic development of the country. Life insurance is an important tool for the mobilization and investment of small savings. †¢ Credit worthiness: – Life insurance policy can be used as a security to raise loans. It improves the credit worthiness of business. †¢ Social Security: – Life insurance is important for the society as a whole also. Life insurance enables a person to provide for education and marriage of children and for construction of house. It helps a person to make financial base for future. †¢ Tax Benefit: – Under the Income Tax Act, premium paid is allowed as a deduction from the total income under section 80C. 3. Agency business model In India insurance is sold through mainly four channels. †¢ Through branch †¢ Through agency †¢ Through financial institution †¢ Through banks Independent agency system means of selling and servicing property and casualty insurance through agents who represent different companies. The agents own the records of the policies they sell. Insurance is now governed by a blend of statutes, administrative agency regulations, and court decisions. State statutes often control premium rates, prevent unfair practices by insurers, and guard against the financial insolvency of insurers to protect insureds. In most states, an administrative agency created by the state legislature devises rules to cover procedural details that are missing from the statutory framework. To do business in a state, an insurer must obtain a license through a registration process. This process is usually managed by the state administrative agency. The same state agency may also be charged with the enforcement of insurance regulations and statutes. Administrative agency regulations are many and varied. Insurance companies must submit to the governing agency yearly financial reports regarding their economic stability. This requirement allows the agency to anticipate potential insolvency and to protect the interests of insureds. Agency regulations may specify the types of insurance policies that are acceptable in the state, although many states make these declarations in statutes. The administrative agency is also responsible for reviewing the competence and ethics of insurance company employees. Insurance agencies: Insurance agency can be defined as a group of insurance agents or advisor. These agents or advisors create a distribution channel to sell the different insurance products. These advisors are the strongest distribution channel for an insurance agency. An advisor or agent works as a third party or intermediate between insurance company and customers. All the advisors in an agency work as a team. Main work of insurance advisor or agent is to promote and sell different insurance products of company. Functions of agency manager: a person who governs a group of insurance advisors is known as agency manager. Success of an agency manager depends on the success of their advisors. work of agency manager is to control the advisors in an efficient way. Agency manager is like a creature of two wings. He has to recruit advisors as well as to give sales to the insurance company. †¢ To recruit advisors. †¢ Make them aware of different insurance products. †¢ To give them training session. †¢ To motivate them for efficient work. †¢ To get maximum and efficient work from their advisors. Operation work of insurance agency (SBI Life): Every industry has an operational department which supports the market division. Front office partners (independent agents) Develop insurance products Distribute product CUSTOMERS Plan and manage company BUSINESS PARTNERS Fulfill and service product Claims Back office provider Regulatory institutions In the reference to the SBI Life insurance, development of insurance products, distribution, planning services products and claims are taken care by the head office. Back office providers are those persons who take care of the operational part of the organization and front office providers are the people who brings sell to the organization. Back office has its own hierarchy which is connected to head office, and every policy has to be processed to head office. Unit for the operations is known as processing centre, and processing centre within the city is known as mini processing centre. Proposal forms come through front office and the verification of the proposal is done by manually which is known as scrutiny. After scrutiny the operational staff enters it in SBI Life website, which is done online. the entry of a proposal is done in a sequential order starting with scrutiny, inwards, proposal wise inwards, cashier entry, cashier entry approval, data entry and finally outwards. After finishing all these operations policy issues from the head office of the state. 4. Indian insurance industry History: Life insurance came to India from England in 1818 when oriental life insurance company started in Calcutta by Europeans. After this many insurance companies had been started in India. But these companies were looking after only the needs of European community established in India. Indian people were not being insured by these companies. First Indian life insurance company came as Bombay mutual life insurance assurance. Second company was Bharat insurance company came in 1896. After this the united India in madras, national Indian and national insurance in Calcutta and the co-operative assurance in Lahore were established in 1906. To regulate Indian insurance business first insurance act came in 1912 as life insurance company act and provident fund act. These acts consist of premium rates tables and periodical valuations of companies. In the first two decade of 20th century many life insurance companies were started. So the insurance act came in 1938 to governing life and non life insurance companies and to provide strict state control. In 1956 the life insurance business in India was nationalized. In 1956 life insurance corporation of India (LIC) was created to spreading life insurance much more widely particularly in rural areas. In that year LIC had 5 zonal offices, 33 divisional offices and 212 branch offices. In 1957 the business of LIC of sum assured of 200crores, 1000crores in 1970, and 7000crores in 1986. Indian regulatory development authority: In 1999, the Insurance Regulatory and Development Authority (IRDA) was constituted as an autonomous body to regulate and develop the insurance industry. The IRDA was incorporated as a statutory body in April, 2000. The key objectives of the IRDA include promotion of competition so as to enhance customer satisfaction through increased consumer choice and lower premiums, while ensuring the financial security of the insurance market. The IRDA opened up the market in August 2000 with the invitation for application for registrations. Foreign companies were allowed ownership of up to 26%. The Authority has the power to frame regulations under Section 114A of the Insurance Act, 1938 and has from 2000 onwards framed various regulations ranging from registration of companies for carrying on insurance business to protection of policyholders’ interests. Role of IRDA: †¢ Protecting the interests of policyholders. †¢ Establishing guidelines for the operations of insurers, and brokers. †¢ Specifying the code of conduct, qualifications, and training for insurance intermediaries and agents. †¢ Promoting efficiency in the conduct of insurance business. †¢ Regulating the investment of funds by insurance companies. †¢ Specifying the percentage of business to be written by insurers in rural sectors. †¢ Handling disputes between insurers and insurance intermediaries. Changing perception of Indian customers: Indian Insurance consumers are like Indian Voters, they are soft but when time is right and ripe, they demand and seek necessary changes. De-tariff of many Insurance Products are the reflection of changing aspirations and growing demand of Indian consumers. For historical years, Indian consumers were at receiving end. Insurance Product was underwritten and was practically forced onto consumers on a â€Å"Take-it-As-it-basis†. All that got changed with passage of IRDA act in 1999. New insurance companies have come into existence leading to open competition and hence better products for customers. Indian customers have become very sensitive to Coverage / Premium as well as the Products (read Risk Solution), that is given to them. There are not ready to accept any product, no matter even if that is coming from the market leader, should that product is not serving the purpose. A case in point is ULIP Product / Group Life and Credit Life in Life Insurance segment and Travel / Family Floater Health and Liability Insurance in the Non-life segment are new age Avatar. The new products are constantly being demanded by Indian consumers, which is putting huge pressures on Insurance companies (Read Risk Under-writers) and Brokers to respond. Customers are looking at Insurance for covering Pure Risk now which I have covered in my next section. Another good reason why we are seeing quick changes in the buying behavior of Insurance from mere Investment to risk mitigation is the cost of Replacement of Goods (ROG) or Cost of Services (COS). Now Indian customers are aware of insurance industry and insurance products provided by companies. They have become more sensitive. They would not accept any type of insurance product unless it fulfills their requirements and needs. In historic day’s customers looking at insurance products as a life cover which can provide security against any unacceptable events, but now customers look at insurance products as an investment as well as life cover. So today’s customers wants good return from the insurance companies. The Indian customer’s forms the pivot of each company’s strategy. Investment of Indian household savings (as a % in different sector) |BANK DEPOSITS |39% | |CORP. BANKS |2% | |SHARES AND DEBENTURES |1% | |MUTUAL FUNDS |2% | |NBFC’S |3% | |GOVT. BONDS |13% | |INSURANCE |13% | |PF/ RETIRE FUNDS |21% | |CURRENCY |6% | Source: – www. vivaindia. com Changing face of Indian insurance industry: After the Insurance Regulatory and Development Authority Act have been passed there has been establishment of many private insurance companies in India. Previously there was a monopoly business for Life Insurance Corporation of India (L. I. C. ) who was the only life-insurance company for the people till 2000. L. I. C. still holds 71. 4% of the market share in 2006. But after the introduction of private life insurance companies there is a great competition in Indian market now. Everyone is trying to capture the fresh market here and penetrate it with aggressive marketing strategies. Today life-insurance is not only limited up to just life risk cover and maturity period bonuses but changed to greater return from the investments. With the introduction of the unit linked insurance policies these companies are investing the money in different investment instruments like shares, bonds, debentures, government and other securities. People are demanding for higher returns with the life risk cover and private companies are giving 30-40% average growth per annum. These life-insurance companies have every kind of policies suiting every need right from financial needs of, marriage, giving birth and rearing up a child, his education, meeting daily financial needs of life, pension solutions after retirement. These companies have every aspects and needs of our life covered along with the death-benefit. In India only 25% of the population has life insurance. So Indian life-insurance market is the target market of all the companies who either want to extend or diversify their business. To tap the Indian market there has been tie-ups between the major Indian companies with other International insurance companies to start up their business. The government of India has set up rules that no foreign insurance company can set up their business individually here and they have to tie up with an Indian company and this foreign insurance company can have an investment of only 24% of the total start-up investment. Indian insurance industry can be featured by: †¢ Low market penetration. †¢ Ever growing middle class component in population. †¢ Growth of customer’s interest with an increasing demand for better insurance products. Application of information technology for business. †¢ Rebate from government in the form of tax incentives to be insured. Today, the Indian life insurance industry has a dozen private players, each of which are making strides in raising awareness levels, introducing innovative products and increasing the penetration of life i nsurance in the vastly underinsured country. Several of private insurers have introduced attractive products to meet the needs of their target customers and in line with their business objectives. The success of their effort is that they have captured over 28% of premium income in five years. The biggest beneficiary of the competition among life insurers has been the customer. A wide range of products, customer focused service and professional advice has become the mainstay of the industry, and the Indian customer’s forms the pivot of each company’s strategy. Penetration of life insurance is beginning to cut across socio-economic classes and attract people who have never purchased insurance before. Life insurance is also now being regarded as a versatile financial planning tool. Apart from the traditional term and saving insurance policies, industry has seen the entry and growth of unit linked products. This provides market linked returns and is among the most flexible policies available today for investment. Now products are priced, flexible, and realistic and sustain so people in better position to understand the risk and benefits of the product and they are accepting these innovative products. So it is clear that the face of life insurance in India is changing, but with the changes come a host of challenges and it is only the credible players with a long term vision and a robust business strategy that will survive. Whatever the developments, the future and the opportunities in this industry will surely be exciting. There are 12 private players in Indian life insurance market. 6 bank owned insurers: – HDFC standard life, ICICI prudential, ING Vysya, MetLife, OM Kotak, SBI life. 6 independent insurers: – Aviva, ANP sanmar, Birla sun life, Bajaj Allianz, Max New York life, Tata AIG. Major international insurers are- Prudential and Standard life from UK, Sun life of Canada, AIG, MetLife and New York life of the US. Increasing growth since liberalization: |YEAR |LIC (in bn rs. ) PRIVATE PLAYER | |FY03 |110 |10 | |FY04 |120 |20 | |FY05 |130 |40 | |FY06 |140 |60 | |FY07 |240 |160 | Source: – Insurance Industry (ICFAI publication book) Possibilities for insurance companies in India: Further deregulation of the market. †¢ Greater concern for the customers. †¢ Newer products and services. †¢ Competition and quality consciousness. †¢ Cost effective operations. †¢ Restructuring of the public sector. †¢ Consolidation of domestic insurance markets. †¢ Technology driven shift in product design. †¢ Actual operations and distribution. †¢ Convergence of financial services. 5. Global insurance industry Globally, insurers increasingly are pressured by the demands of their clients. The development of global insurance industry over the past few years was influenced by booming stock markets which enabled considerable capital gains to be made in non life business. Increase in insurers equity capital increased underwriting capacity, while demand did not develop at the same pace, resulting in decrease in insurance policies prices. The stock market boom of the past few years led to demand for unit linked insurance products. The global insurance industry is growing at rapid pace. Most of the markets are undergoing globalization. Lot of mergers and acquisition are taking place in the insurance world. The rapidity in the industry, technological improvement has resulted in pressures on a few economic parameters. The world insurance industry is at peak of its globalization process. Global insurance market is increasing by an average of six percent per year since 1990. Insurance companies have collected $2443. billion premium world wide according to the global development of premium volume in 144 countries in 2005. $1521. 3 has been generated as life insurance premium and $922. 7 as non life insurance premium. The US accounted for 35% of global life an d non life premium, Japan had global share of 21%, and UK was having 10% of global share. Influence on Indian insurance industry: In this era of globalization, insurance companies face a dynamic global environment. Dramatic changes are taking place owing to the internationalization of activities, appearance of new risk, new types of covers to match with new risk situations, and unconventional and innovative ideas on customer services. Low growth rates in developed markets, changing customers needs, and the uncertain economic conditions in the developing world are exerting pressure on insurer’s resources and testing their ability to survive. Now the existing insurers are facing difficulties from non-traditional competitors those are entering the retail market with new approaches and through new channels. India has a rapidly growing middle class and this section can afford to buy insurance products. This shows the attraction that the Indian market holds for foreign insurers who have been putting pressure on developing countries as well as on India to open up its market. Life insurance penetration as a % of GDP United kingdom |8. 9% | |Japan |8. 3% | |Korea |7. 3% | |United states |4. 1% | |Malaysia |3. 6% | |India |3. % | |China |1. 8% | |Brazil |1. 3% | Source: – www. indianinsuranceresearch. com 6. Functioning of insurance industry: Insurer’s business model: Profit = earned premium + investment income – incurred loss – underwriting expenses Insurers make money in two ways: (1) through underwriting, the processes by which insurers select the risks to insure and decide how much in premiums to charge for accepting those risks and (2) by investing the premiums they collect from insured. The most difficult aspect of the insurance business is the underwriting of policies. Using a wide assortment of data, insurers predict the likelihood that a claim will be made against their policies and price products accordingly. To this end, insurers use actuarial science to quantify the risks they are willing to assume and the premium they will charge to assume them. Data is analyzed to fairly accurately project the rate of future claims based on a given risk. Actuarial science uses statistics and probability to analyze the risks associated with the range of perils covered, and these scientific principles are used to determine an insurer's overall exposure. Upon termination of a given policy, the amount of premium collected and the investment gains thereon minus the amount paid out in claims is the insurer's underwriting profit on that policy. An insurer's underwriting performance is measured in its combined ratio. The loss ratio (incurred losses and loss-adjustment expenses divided by net earned premium) is added to the expense ratio (underwriting expenses divided by net premium written) to determine the company's combined ratio. The combined ratio is a reflection of the company's overall underwriting profitability. A combined ratio of less than 100 percent indicates underwriting profitability, while anything over 100 indicates an underwriting loss. Insurance companies also earn investment profits on â€Å"float†. Float† or available reserve is the amount of money, at hand at any given moment that an insurer has collected in insurance premiums but has not been paid out in claims. Insurers start investing insurance premiums as soon as they are collected and continue to earn interest on them until claims are paid out. . Naturally, the â€Å"float† method is difficult to carry out in an economically depressed period. Bear markets do cause insurers to shift away from investments and to toughen up their underwriting standards. So a poor economy generally means high insurance premiums. This tendency to swing between profitable and unprofitable periods over time is commonly known as the â€Å"underwriting† or insurance cycle. Finally, claims and loss handling is the materialized utility of insurance. In managing the claims-handling function, insurers seek to balance the elements of customer satisfaction, administrative handling expenses, and claims overpayment leakages. Investment management: Investment operations are often considered incidental to the business of insurance, and have traditionally viewed as secondary to underwriting. In the past risk management was the most important part of business, whereas today the focus has shifted to fund management. Investment income is a large component of insurance revenues, skilful and careful management of funds. Insurance is a business of large numbers and generates huge amount of funds over time. These funds arise out of policyholder funds in the case of life insurance, and technical and free reserves in the non-life segments. Time lag between the procurement of premium and the payment of claim provides an interval during which the funds can be deployed to generate income. Insurance companies are among the largest institutional investors in the world. Assets managed by insurance companies are estimated to account for over 40% of the world’s top ten asset managers. Returns on investments influence the premium rates and bonuses and hence investment income will continue to be an important component of insurance company profits. In life insurance, benefits from insurance profits accrue directly to policy holders when it is passed on to him in the form of a bonus. In non life insurance the benefits are indirect and mostly by the creation of an investment portfolio. Investment income has to compensate for underwriting results which are increasingly under pressure. In the case of insurance, the difference between revenue and the expenses is known as operating surplus. Revenue =premium. Expenses =sum of claims + commission payable on procurement of business + operating expenses. Operating surplus =revenue-expenses. Net investment income includes income from trading in and holding stock market securities including government securities, special deposits with the central government, loans to several public utilities and service providers in state government. Insurance premium collected is converted in a pool of fund then divided in to four expenses. †¢ To pay the expenses of the management. †¢ To pay agency commission. †¢ To pay for the claims. †¢ Surplus money will be invested in govt. securities. Requirements of an insurance risk Insurance normally insure only pure risks . However, not all pure risk is insurable . certain requirements usually must be fulfilled before a pure risk can be privately insured . From the view point of the insurer, there are ideally six requirement of an insurable risk †¢ There must be a large number of exposure units †¢ The loss must be accidental and unintentional. †¢ The loss must be determinable and measurable. †¢ The loss should not be catastrophic. The chance of loss must be calculable. †¢ The premium must be economically feasible Comparison of Insurance with other Similar Factors 1) Insurance and gambling compared Insurance is often erroneously confused with gambling . There are two important differences between them . First ,gambling creates a new speculative risk ,while insurance is a technique for handling an already existing pure risk . thus ,if you bet Rs 300 on a horse ,a new speculative technique is created ,but if you pay Rs 300 to an insurer for fire insurance ,the risk of fire is already present and is transferred to the insurer by a contract. No new risk is created by the transaction. The second difference between insurance and gambling is that gambling is socially unproductive, because the winner’s gain comes at the expense of the loser . In contract; insurance is always socially productive, because neither the insurer nor the insured is placed in a position where the gain of the winner comes at the expense of the loser. The insurer and the insured have a common interest in the prevention of a loss. Both parties win if the loss does occur . Moreover, consistent gambling transaction generally never restore the losers to their former financial position . In contract ,insurance contracts restore the insured’s financially in whole or in part if a loss occurs ) Insurance and hedging compared The concept of hedging is to transferring the risk to the speculator through purchase of future contracts . An insurance contract, however, is not the same thing as hedging . Although both technique are similar in that risk is transferred by a contract, and no new ri sk is created, there are some important difference between them. First, an insurance transaction involves the transfer of insurable risks, because the requirement of an insurable risk generally can be met . However, hedging is a technique for handling risks that are typically uninsurable ,such as protection against a decline in the price agriculture products and raw materials. A second difference between insurance and hedging is that insurance and hedging is that insurance can reduce the objective risk of an insurer by application of the law of large numbers. As the number of exposure units increases, the insurer’s prediction of future losses improves, because the relative variation of actual loss from expected loss will decline . thus, many insurance transactions reduce objective risk. In contract, hedging typically involves only risk transfer , not risk reduction . The risk of adverse price fluctuation is transferred because of superior knowledge of market conditions . The risk is transferred, not reduced, and prediction of loss generally is not based on the law of large numbers. Various types of life insurance policies:- Endowment policies: This type of policy covers risk for a specified period, and at the end of the maturity sum assured is paid back to policyholder with the bonuses during the term of the policy. †¢ Money back policies: This type of policy is for periodic payments of partial survival benefits during the term of the policy as long as the policy holder is alive. †¢ Group insurance: This type of insurance offers life insurance protection under group policies to various groups such as employers-employees, professionals, co-operatives etc it also provides insurance coverage for people in certain approved occupations at the lowest possible premium cost. †¢ Term life insurance policies: This type of insurance covers risk only during the selected term period. If the policy holder survives the term, risk cover comes to an end. These types of policies are for those people who are unable to pay larger premium required for endowment and whole life policies. No surrender, loan or paid up values are in such policies. †¢ Whole life insurance policies: This type of policy runs as long as the policyholder is alive and is covered for the entire life of the policyholder. In this policy the insured amount and the bonus is payable only to nominee on the death of policy holder. †¢ Joint life insurance policies: These policies are similar to endowment policies in maturity benefits and risk cover, but joint life policies cover two lives simultaneously such as married couples. Sum assured is payable on the first death and again on the death of survival during the term of the policy. †¢ Pension plan: a pension plan or annuity is an investment over a certain number of years but does not provide any life insurance cover. It offers a guaranteed income either for a life or certain period. †¢ Unit linked insurance plan: ULIP is a kind of insurance plan which provides life cover as well as return on premium paid over a certain period of time. The investment is denoted as units and represented by the value called as net asset value (NAV). 7. Insurance and economy †¢ Indian economy is growing in reference to global market. Business of insurance with its unique features has a special place in Indian economy. It is a highly specialized technical business and customer is the most concern people in this business, therefore this business is able to spur the growth of infrastructure and act as a catalyst in the overall development of Indian economy. †¢ The high volumes in the insurance business help spread risk wider, allowing a lowering of the rates of the premium to be charged and in turn, raising profits. When there is a bigger base, the probabilities become more predictable, and with system wide risks balanced out, profits improve. This explains the current scenario of mergers, acquisitions, and globalization of insurance. †¢ Insurance is a type of savings. Insurance is not only important for tax benefits, but also for savings and for providing security. It can be serving as an essential service which a welfare state must make available to its people. Insurance play a crucial role in the commercial lives of nations and act as the lubricants of economic activities. Insurance firms help to spread the potentially financial consequences of risk among the large number of entities, to mobilize and distribute savings for productive use, facilitate investment, support and encourage external trade, and protect economic entities against external risk. Insurance and economic growth mutually influences each other. As the economy grows, the living standards of people increase. As a consequence, the demand for life insurance increases. As the assets of people and of business enterprises increase in the growth process, the demand for general insurance also increases. In fact, as the economy widens the demand for new types of insurance products emerges. Insurance is no longer confined to product markets; they also cover service industries. It is equally true that growth itself is facilitated by insurance. A well-developed insurance sector promotes economic growth by encouraging risk-taking. Risk is inherent in all economic activities. Without some kind of cover against risk, some of these activities will not be carried out at all. Also insurance and more particularly life insurance is a mobilizer of long term savings and life insurance companies are thus able to support infrastructure projects which require long term funds. There is thus a mutually beneficial interaction between insurance and economic growth. The low income levels of the vast majority of population have been one of the factors inhibiting a faster growth of insurance in India. To some extent this is also compounded by certain attitudes to life. The economy has moved on to a higher growth path. The average rate of growth of the economy in the last three years was 8. 1 per cent. This strong growth will bring about significant changes in the insurance industry. At this point, it is important to note that not all activities can be insured. If that were possible, it would completely negate entrepreneurship. Professor Frank Knight in his celebrated book â€Å"Risk Uncertainty and Profit† emphasized that profit is a consequence of uncertainty. He made a distinction between quantifiable risk and non-quantifiable risk. According to him, it is non-quantifiable risk that leads to profit. He wrote â€Å"It is a world of change in which we live, and a world of uncertainty. We live only by knowing something about the future; while the problems of life or of conduct at least, arise from the fact that we know so little. This is as true of business as of other spheres of activity†. The real management challenges are uninsurable risks. In the case of insurable risks, risk is avoided at a cost. 8. SBI Life insurance SBI Life insurance is a joint venture between the State Bank of India and Cardiff SA of France. SBI Life insurance is registered with an authorized capital of Rs 500 crore and a paid up capital of Rs 350 crores. SBI owns 74% of the total capital and Cardiff the remaining 26%. State Bank of India enjoys the largest banking franchise in India. Along with its 7 Associate Banks, SBI Group has the unrivalled strength of over 14,000 branches across the country, the largest in the world. Cardiff is a wholly owned subsidiary of BNP Paribas, which is The Euro Zone’s leading Bank. BNP is one of the oldest foreign banks with a presence in India dating back to 1860. It has 9 branches in the metros and other major towns in the country. Cardiff is a vibrant insurance company specializing in personal lines such as long-term savings, protection products and creditor insurance. Cardiff has also been a pioneer in the art of selling insurance products through commercial banks in France and 29 more countries . In 2004, SBI Life insurance became the first company amongst private insurance players to cover 30 lakh lives. The company expects to carve a niche in the Indian insurance market through extensive product innovation and aims to provide the highest standards of customer service through a technological interface. To facilitate this, call centre’s have been already installed and help lines will be installed and customers will have access to their accounts through the Internet or through SBI branches. SBI Life insurance is uniquely placed as a pioneer to usher banc assurance into India. The company hopes to extensively utilize the SBI Group as a platform for cross-selling insurance products along with its numerous banking product packages such as housing loans, personal loans and credit cards. SBI’s access to over 100 million accounts provides a vibrant base to build insurance selling across every region and economic strata in the country. Under section 88 of insurance act 1961 an individual is entitled to a rebate of 20 per cent on the annual premium payable on his/her life and life of his/her children or adult children. The rebate is deductible from tax payable by the individual or a Hindu Undivided Family. This rebate is can be availed up to a maximum of Rs 12,000 on payment of yearly premium of Rs 60,000. By paying Rs 60,000 a year, you can buy anything upwards of Rs 10 lakh in sum assured. (Depending upon the age of the insured and term of the policy) This means that you get an Rs 12,000 tax benefit. The rebate is deductible from the tax payable by an individual or a Hindu Undivided Family. SBI Life Insurance is currently growing at an impressive rate of 200%. As per the latest IrDA report SBI Life ranks No. 3 amongst the private insurers. The company's market share has increased to 10% amongst the private players and is 2. 25% in the total industry. This year, the company is aiming at a growth of 150%. The new business premium of the company from beginning of the year to September 2006 is Rs 660 crores. The total business premium of the company from the beginning of the year till September 2006 is Rs 765 crores. The company aims to collect first year premium of over Rs 2,000 crores. SBI Life follow a multi distribution channel approach and expect all channels to contribute to the overall growth. Today, the agency channel contributes over 50% and banc assurance channel contributes to 40% of the business. Other channels like Credit Life and Group Corporate are also performing very well. Products of SBI Life insurance: – (Source: – www. sbilife. co. n) |Unit Linked products |(1) Group Employee Benefit Products | |Horizon 11 |Retirement Solutions | |Unit Pus 11 |Cap Assure Gratuity | |Unit plus child Plan |Cap Assure Superannuation | |Unit Plan Elite |Cap Assure Leave Encashment | |Pension Products |Group Immediate Annuity | |Horizon 11 Pension |SBI Life Golden Gratuity | |Unit Plus 11 Pension |Protection Plan | |Lifelong Pension |Sampoorn Suraksha | |Pure Protection Products |SBI Life Group Term Life Scheme In Lieu of EDLI | |Swadhan |Specialized Term Insurance | |Shield |SBI Life Keyman Insurance | |keyman |(2) Group Loan Protection Products | |Protection cum savings products |Dhanaraksha Plus | |Sudarshan |Dhanaraksha Plus SP | |Scholar11 |Dhanaraksha Plus LPPT | |Setubandhan |Dhanaraksha Plus RP | |Money back scheme products |(3) Group Savings Protection Plan | |Money Back |Nidhi Raksha RP | |Sanjeevan Supreme |(4) Group Micro Insurance | | |Grameen Shakti and Super Suraksha | 9. Distribution of insurance products Insurance has to be sold the world over. The Touch point with the ultimate customer is the distributor or the producer and the role played by them in insurance markets is critical. It is the distributor who makes the difference in terms of the qualit y of advice for choice of product, servicing of policy post sale and settlement of claims. In the Indian arket, with their distinct cultural and social ethics, these conditions will play a major role in shaping the distribution channels and their effectiveness. In today's scenario, insurance companies must move from selling insurance to marketing an essential financial product. The distributors have to become trusted financial advisors for the clients and trusted business associates for the insurance Companies. Challenges for insurance companies and intermediaries in India- †¢ Building faith about company in the mind of clients. †¢ Building personal credibility with the clients. Different distribution channels in India:- A multi-channel strategy is better suited for the Indian market. Indian insurance market is a combination of multiple markets. Each of the markets requires a different approach. Apart from geographical spread the socio-cultural and economic segmentation of the market is very wide, exhibiting different traits and needs. Different multi-distribution channels in India are as follows †¢ Agents: Agents are the primary channel for distribution of insurance. The public and private sector insurance companies have their branches in almost all parts of the country and have attracted local people to become their agents. Today's insurance agent has to know which product will appeal to the customer, and also know his competitor's products to be an effective salesman who can sell his company, the product, and himself to the customer. To the average customer, every new company is the same. Perceptions about the public sector companies are also cemented in his mind. So an insurance agent can play an important role to create a good image of company. †¢ Banks: Banks in India are all pervasive, especially the public sector banks. Many insurance companies are selling their products through banks. Companies which are bank owned, they are selling their products through their parent bank. The public sector banks, with their vast branch networks, are helpful to insurance companies. This channel of selling insurance is known as Banc assurance. |INSURANCE COMPANY |ASSOCIATE BANKS | |ICICI prudential |ICICI bank, bank of India, Citibank, Allahabad bank, Federal | | |bank, south Indian bank, Punjab and Maharashtra cooperative bank | |SBI life |State bank of India | |Birla sun life |Deutsche bank, Citibank, bank of Rajasthan, Andhra bank | |ING Vysya bank |Vysya bank | |Aviva life insurance |ABN amro bank, canara bank | |HDFC standard life |Union bank, Indian bank | |Met life |Karnataka bank, j&k bank | Source: – Hindu Business Line, January 08, 2007 †¢ Brokers: Now a day’s different financial institution are selling insurance. These financial institutions are known as brokers. They are taking some underwriting charges from the insurance companies to sell their insurance products. †¢ Corporate agents: Corporate agency is a cross selling type of channel. Insurance companies’ tie-up with business houses in other industries to sell insurance either to their employees or their customers. Insurance industry, during the past 2 years has witnessed a number of such strategic tie-ups and alliances. Corporate agents have become a major force to reckon with in distributing insurance products. Such as- Bajaj Allianz tied up with Maruti Udyog and Ford for auto insurance and Tata AIG life has tied up with Tata tea, khaitan’s Williamson major and bridge foundation for selling rural policies. †¢ Internet: In this technological world internet is also a channel of selling insurance. This can be as direct marketing. 10. Effective marketing strategies Now the Indian consumer is knowledgeable and sensitive. Consumers are increasingly more aware and are actively managing their financial affairs. People are increasingly looking not just at products, but at integrated financial solutions that can offer stability of returns along with total protection. In view of this, the insurance managers need to understand more about the details that go into the introduction of insurance products to make it attractive in this competitive market. So now days an insurance manager requires leadership, commitment, creativity, and flexibility. â€Å"Every family in every village in the country should feel safe and secure†. This vision alone will help to bring the new ideas to the insurance manager. Financial, marketing and human resource polices of the corporations influence the unit mangers to make decisions. Performance of insurance company depends on the effectiveness of such policies. Insurance corporations formulate and revise these policies from time to time to ensure that the performance of the managers is best for the organization. In the competitive market, insurance companies are being forced to adopt a strictly professional approach in marketing. The insurance companies face the challenge of changing the uninspiring public image of the industry. Some of the important marketing elements are- †¢ Marketing mix. †¢ The importance of relationship. †¢ Positioning. †¢ Value addition. †¢ Segmentation. †¢ Branding. †¢ Insuring service quality. †¢ Effective pricing. †¢ Customer satisfaction research. The growth of insurance sector is governed largely by factors external to it. The following factors influence the market and demand of product- †¢ Government policies. Growth in population. †¢ Changing age profile. †¢ Income wise distribution of the population. †¢ Level of insurance awareness. †¢ The p ricing of the policies. †¢ The economic climate of the country. †¢ The aversion to risk. †¢ Social and political features of the country. †¢ Growth scenario in the world. Different companies adopt different approaches in their marketing strategies. One approach is focus upon product quality which can give confidence in the mind of customers that they are offered by best featured products. And other approach is focusing on customer’s needs, which involve a heavy investment in developing relationships with policyholders. Under this approach customer can expect a range of products and service offered to him. Third approach is market segmentation under which the population can be divided into several homogeneous products and groups, the effort should be tie clients to the company by customized combination of coverage, easy payment plans, risk management advice, and convenient and quick claim handling. An insurance product can be classified in three phases: Core product: In insurance industry the core product is the policy that provides protection t