Académique Documents
Professionnel Documents
Culture Documents
By
Joydeep mondal
[09bsddu0033]
Karvy stock broking ltd.
By
Joydeep mondal
[09bsddu0033]
This summer internship program has been conducted for partial fulfillment of MBA-program at
IBS-Dehradun. Summer Internship Program also included a project work on –“an analysis of
policies and schemes of insurance for disaster management.”
Karvy Stock Broking Limited-Dehradun and IBS-Dehradun hereby authorize Mr. Joydeep
Mondal to conduct his research dissertation under Mr. Abhishek Mishra, Area head, Karvy
Stock Broking Ltd.Dehradun and Prof. Vinesh Jain, Faculty member starting from date: 15th
February, 2010 to 14th May, 2010.
A complete report of research findings will have to be provided to Karvy Stock Broking Limited-
Dehradun.
Sometimes words fall short to show gratitude, the same happened with me during this project.
The immense help and support received from Karvy stock broking limited overwhelmed me
during the project.
As I sum up draft of my study, I appreciatively reminisce the contribution of all those people
without whose support and help, this study would have never taken its present form.
My sincere gratitude to Mr.Abhishek Mishra (area head , Dehradun, Karvy Stock Broking Ltd.)
and Dr. Sanjeev Malavia (Placement Coordinator, IBS dehradun), for providing me with an
opportunity to work with karvy stock broking limited.
I am highly indebted to Mr. Pankaj Dwivedi, Senior Officer (Insurance) karvy stock broking ltd.,
Dehradun , who has provided me with the necessary information and his valuable suggestion
and comments on bringing out this report in the best possible way.
I also thank Prof. Vinesh Jain, faculty guide, IBS Dehradun who has sincerely supported me with
the valuable insights into the completion of this project.
I am grateful to Mr. Gagan Shukla and all of the members of karvy stock broking Ltd. Of
Dehradun, who have helped me in the successful completion of this project.
I also very thankful to my friends who help me in completion of the project. I am thankful to
that power that always inspires me to take right step in the journey of success of my life.
Executive summary 7
Objectives 8
Introduction 8
Company profile 9
Company overview 9
Disaster 12
Classification of disaster 12
Natural disaster 12
Man made disaster 13
Hazard vulnerability in INDIA 13
Administrative structure for disaster management in UTTARANCHAL 16
National disaster management framework 21
Disaster management act 2005 25
Insurance 28
Basic insurance terminologies 28
General insurance 29
Need for insurance in disaster 30
Bodies that regulate insurance sector 32
Major challenges of insurance sector 34
Future prospects of insurance sector 35
List of general insurers 36
Market share of different companies in general insurance 37
Methodology 38
Observation and findings 39
Conclusion 43
Annexure-I Questionnaire 44
Abbreviations 46
References 46
With the liberalization and entry of private players in insurance field, the Indian insurance
sector has started showing signs of significant change. Within a short span of time, private
insurance has acquired a great market share of insurance market. The study will help to find out
the awareness of disaster insurance of the people of Dehradun and accessibility of disaster
insurance in Dehradun. It also measures the perception of the people of Dehradun about
disaster insurance. What they think about disaster insurance, is it really effective to recover the
damages caused by disaster. How many of them have disaster insurance coverage, as we know
that Uttaranchal state is very disaster prone. Apart from that the report also considers the
current state of insurance market. Presently how many companies are in general insurance
business, and also the market share of different companies. It also contains the administrative
structure & their preparedness for disaster management in Uttaranchal and national disaster
management framework of India.
Project will help to make people more aware about various products of different insurance
companies. This study will help to know the market situation of disaster insurance in Dehradun.
The main objectives of the studies are as follows::
Introduction::
A contract between two parties is known as Insurance. Shifting or transferring of risk of loss or
damage, from owners and thereby sharing of losses by all the members of the group are main
uniqueness. Thus a contract of insurance is a contract by which one party undertakes to make good
the loss of another, in consideration of a sum of money, on the happening of a specified event. For
example fire, accident or death.
Since liberalization in 2000, the Indian insurance sector has become a buyer’s market. Owing to
liberalization customer has the choice to select from variety of products, services and service
providers. In the year 2005 karvy established a new division karvy insurance broking ltd. Karvy
insurance broking ltd. is working with most of the insurance company’s products. They can reach
every customer whatever customer needs.
Evolution of KARVY::
It is well said that success is a journey not a destination and we can see it being proved by karvy.
Under this section we will see that how this “karvy and company” of 1980 became “karvy” of 2008.
Karvy blossomed with the setting up of its first branch at Mumbai during the year 1987-88. The
turning point came in the year 1989 when it decided to enter into one of the not only emerging
rather potential field too i.e; stock broking. It added the feather of stock broking into its cap. At the
same time it became the member of Hyderabad Stock Exchange through associate firm karvy
securities ltd and then karvy never looked back……..it went on adding services one after another, it
entered into retail stock broking in the year 1990. Karvy investor service centers were set up in the
year 1992. Karvy which already enjoyed a wide network through its investor service centers, entered
into financial product distribution services in the year 1993. One year more and karvy was now
dealing into mutual fund services too in the year 1994 but it didn’t stopped there, it stepped into
corporate finance and investment banking in the year 1995.
Karvy’s strategy has always been being the first entrant in the market. Karvy again hit the limelight
by becoming the first registrar in the country to be awarded ISO 9002 in the year 1997. Then it
stepped into the other most happening sector i.e; IT enabled services by establishing its own BPO
units and at a gap of just 1 year it took the path of e-Business through its website www.karvy.com .
Then it entered into insurance services in the year 2001 with the launch of its retail arm “karvy- the
finapolis: your personal finance advisor”. Then in the year 2002 it launched its PCG(Private Client
Group) which looks after its High Networth Individuals .and maintain their portfolio and provides
them with other financial services. In the year 2003, it commenced secondary debt and WDM
trading.
It was a decade which saw many Indian companies going global…..so why the largest financial
Year 2005 saw karvy establishing a separate branch for its insurance services under the head “ karvy
insurance broking ltd” and in the same year, after being impressed with the rapid growth of karvy
stock broking limited, PCG group of Hong Kong acquired 25% stake at KSBL. In the year 2006, karvy
entered into one of the hottest sector of present time i.e real estate through Karvy realty& services
(India) ltd. hence , we can see now karvy being established as the lagest financial service provider of
the country.
Mission statement::
“Our mission is to be a leading and preferred service provider to our customers, and we aim to
achieve this leadership position by building an innovative, enterprising , and technology driven
organization which will set the highest standards of service and business ethics.”
: The first securities registry to receive ISO 9002 certification in India. Registered
with SEBI as Category I Registrar, is Number 1 Registrar in the Country. The award of being ‘Most
Admired’ Registrar is one among many of the acknowledgements that Karvy received for customer
friendly and competent services.
: karvy stock broking ltd. Consists of five units namely stock broking servics,
depository participant, advisory services, distribution of financial products, advisory services and
private client goups.
: karvy insurance broking ltd is also a part of karvy stock broking ltd. At Karvy
Insurance Broking Limited both life and non-life insurance products are provided to retail
individuals, high net-worth clients and corporates.
: Karvy Realty (India) Limited is engaged in the business of real estate and
property services offering:
:: Karvy Data Management Services is the domestic BPO arm of the Karvy
Group and services corporate across various industry verticals and business horizons.
DISASTER::
WHAT IS DISASTER::
Disaster is the tragedy of a natural or human-made hazard (a hazard is a situation which poses a
level of threat to life, health, property, or environment) that negatively affects society or
environment.
CLASSIFICATION::
Disaster can bi classified into two categories viz. NATURAL DISASTER and MAN–MADE DISASTER.
NATURAL DISASTER::
A natural disaster is a consequence when a natural hazard (e.g., volcanic eruption or earthquake)
affects humans. Human vulnerability, caused by the lack of appropriate emergency management,
leads to financial, environmental, or human impact.
6. CYCLONES:: A cyclone is an area of closed, circular fluid motion rotating in the same
direction as the Earth
7. DROUGHT:: A drought is an extended period of months or years when a region notes a
deficiency in its water supply. Generally, this occurs when a region receives consistently
below average precipitation
Technological disasters are the results of failure of technology, such as engineering failures,
transport disasters.
Sociological disasters have a strong human motive, such as criminal acts, stampedes, riots and war.
More than 1 million houses damaged annually , plus human, social, and other losses.
Biggest quakes in :: Andamans , Kuchchh , Himachal, Kashmir, North Bihar and the North
East.
Less severe cyclonic activity on west coast[ 33 cyclones in the same period].
FLOODS::
Floods in the Indo-Gangetic-Bramhaputra plains are an annual feature.
Natural disasters are increasingly making headline news, due to the impact of modern
communications and connectivity, and the proliferation of TV and news media.
There is hardly any part of the globe, whether Asia, Africa, Oceania or elsewhere which is really free
from natural disaster of one kind or the other. Painful tales of what they mean are told to us either
by the kith and kin of the dead, or by the lucky survivors of the natural disasters they have
personally gone through. To say that these disasters take heavy toll of life and property or derail
national economics, is an understatement. In some cases, they wipe out the future of generations,
still unborn.
During last ten years the number of great natural disasters have increased three times and
economic losses due to these disasters have increased nine times.
Number of loss events worldwide in 1998 alone (one of the years with largest number of
catastrophes in the decade) indicate that 50 per cent of the events are earthquakes and
windstorms and these have been higher in the Americas (255) compared to 202 in Asia.
While the occurrence of number of events is highest in the Americas, number of deaths
occurring due to these events have been higher in Asia, i.e. 34,303 as compared to 14,995 in
the Americas.
Economic losses due to earthquakes and windstorms is highest in the Americas while these
losses are highest due to floods in Asia.
These trends (Sigma, 2001) world over indicate that in spite of technological advancements in
prediction techniques and warning systems:
There has been an increase in the occurrence of events as well as cost of damage;
Economic losses are more in developed countries than developing countries; and
Number of deaths is much more in Asia than America.
The concentration of population is constantly growing in a numbe r of large cities, which are
often located in high-risk zones;
Greater susceptibility of modern industrial societies to catastrophes; and
Accelerating deterioration of natural environmental conditions.
District Disaster
Manager
Operation Desk Police
Service Desk Civil Hospital
Infrastructure PWD
Health Desk Corporation
Logistics Desk District Control Room RTO
Agri Desk Desk Offices DSO
Information and Others
And
Communication
Officers in Charge
Site Operation
centre
Site Manager
48
3. Local level: Tehsil/Block/Village through Site Operations Centre under the control of
the Site Manager.
Through these institutions, DMMC strives to::
Offer an extensive range of training programmes.
Provide advance information about likely disasters through latest technologies.
Maintain a network of experienced experts working in the field.
Provide consultancy services to all levels of government and NGOs and
Develop a strong regional knowledge base towards disaster policy.
The DMMC has also formulated a strategy to be adopted for five years from its inception.
IAY::
Under this scheme government provides assistance to weaker and marginalized sections of society
to construct houses. DMMC is trying that all houses to be constructed under the scheme should be
earthquake resistant. Block offices are taking care of this aspect. During our field visit, we came
across one such initiative where a BPL family who lost their house due to sinking of the ground was
provided a house under lAY.
53
Rina Sahay Yojana::
Under this scheme, Government of Uttaranchal is providing a loan of Rs 30000-40000 with Rs 10000
as subsidy to construct earthquake resistant houses.
(i) State of the art (i) IMD/CWC to carry out Indian Meteorological
sensors to be set up. a review of sensors Department/ Central
(ii) Hazard monitoring, available and draw up Water Commission/
tracking and modelling. plans for strengthening the National Centre for
system. Medium Range
(ii) Models to be updated Weather Forecasting
to improve prediction
accuracy.
Warning Protocols (i) Warning protocols to Ministry of Home
be user friendly. Affairs/ State
(ii) Warning to be Governments /Indian
communicated as quickly Meteorological
as possible to the Department/ Central
States/districts/community. Water Commission/
(iii) Protocols should be National Remote
simple to understand. Sensing Agency/
(iv) Districts to set up Information and
protocols for Broadcasting/
The NDMA is mandated to deal with all types of disasters; natural or man-made. Whereas, such
The NEC is the executive committee of the NDMA, and is mandated to assist the NDMA in the
discharge of its functions and also ensure compliance of the directions issued by the Central
Government. The NEC is to coordinate the response in the event of any threatening disaster
situation or disaster. The NEC will prepare the National Plan for Disaster Management based on the
National Policy on Disaster Management. The NEC will monitor the implementation of guideline s
issued by NDMA. It will also perform such other functions as may be prescribed by the Central
Government in consultation with the NDMA.
State Disaster Management Authority (SDMA)::
At the State level, the SDMA, headed by the Chief Minister, will lay down policies and plans for DM
in the State. It will, inter alia approve the State Plan in accordance with the guidelines laid down by
the NDMA, coordinate the implementation of the State Plan, recommend provision of funds for
mitigation and preparedness measures and review the developmental plans of the different
Departments of the State to ensure the integration of prevention, preparedness and mitigation
measures.
The State Government shall constitute a State Executive Committee (SEC) to assist the SDMA in the
performance of its functions. The SEC will be headed by the Chief Secretary to the State Government
and coordinate and monitor the implementation of the National Policy, the National Plan and the
State Plan. The SEC will also provide information to the NDMA relating to different aspects of DM.
Local Authorities::
For the purpose of this Policy, local authorities would include Panchayati Raj Institutions (PRI),
Municipalities, District and Cantonment Boards, and Town Planning Authorities which control and
manage civic services. These bodies will ensure capacity building of their officers and employees for
managing disasters, carry out relief, rehabilitation and reconstruction activities in the affected areas
and will prepare DM Plans in consonance with the guidelines of the NDMA, SDMAs and DDMAs.
Specific institutional framework for dealing with dis aster management issues in mega cities will be
put in place.
Insurance::
Nothing is certain in this world except the death but even in this the timing of death is not certain.
There is uncertainty in the world. Every one has a desire to be secure. Every one takes precautionary
measures to prevent the unforeseen and unfortunate events. Even then , accidents do occur.
Therefore to cover such incidents we require insurance . This occurrence has to be random,
accidental and not the deliberate creation of the insured person. Risk which may be measured in
money and which is not against public policy can only be insured.
Insurance is a technique , which provides for collection of small amounts of premium from many
individuals out of which losses suffered by few are reimbursed. In this method, the individual
insured is able to buy protection through the payment of a small cost viz. premium.
Functionally insurance may be defined as a method where by the uncertain risks of individuals are
combined in a group through small individual contributions out of which those who suffer losses are
reimbursed.
Legally insurance is a contract between the insurer and the insured where by in consideration of
payment of the premium by insured , the insurer agrees to make good any financial loss the insured
may suffer due to the operation of a peril insured
The policy which is a document issued by the insurer is evidence of the contract. A contract of
insurance does not undertake to prevent the occurrence of the peril insured against. What it
provides is a promise to make good the financial loss caused by the operation of the insured peril.
BASIC INSURANCE TERMINOLOGIES::
Insured::
The person known as the policyholder, a person with insurance coverage.
Insurer::
GENERAL INSURANCE::
Insurance other than ‘Life Insurance’ falls under the category of General Insurance. General
Insurance comprises of insurance of property against fire, burglary etc
The non-life insurance sector is on an upswing! The non-life insurance industry in India has grown by
over 16 % p.a. over the last 5 years.
There is a vast business potential that lies untapped, as more and more cities enter the development
phase….
Mr. Yogesh Lohiya,
Chairman-cum-Managing Director of gic
In the Indian context where people below the poverty line are high and per capita income is low,
insurance penetration is bound to be low. It is, therefore, essential to make the best use of available
public insurances and affordable commercial insurances, in disaster mitigation.
The loss of property in Gujarat is likely to be close to Rs 10,000 crore. Most of this was residential
property and, tragically, uninsured. This means that survivors of the quake are faced with the bleak
prospect of not getting a penny for what most would have regarded a rock solid investment, built
People affected by calamities would not then have to depend on charity, but would instead be able
to face the prospect of their immediate state of homelessness with greater equanimity, secure in
the knowledge that they will receive compensation once they file their insurance claim. It was US
insurance companies that picked up the tab after Hurricane Mitch and the earthquake in Los
Angeles, for instance. True, it left many insurance companies bleeding but that risk is an integral part
of the insurance business. This will have the additional advantage of serving as a check on the
quality of construction, since insurance companies, anxious to limit their liability, will insist on
certain minimum standards being met. For the same reason, they will also be compelled to draw up
zoning maps, demarcating areas as flood/earthquake/ cyclone prone and accordingly tailor policies
to the requirements of each area instead of having the current one-size-fits-all approach.
The insurance industry has at its disposal comprehensive worldwide loss experience which it uses
not only in calculating premiums commensurate with the risk and in classifying hazard areas, known
as rating zones, but also in tracing relationships between event intensity and loss intensity and
estimating loss potentials from realistic disaster scenarios (Gopalakrishanan, 2001).
On the other hand, the insurance industry is known to have extensive information in the form of
leaflets, brochures, films and television spots with which it alerts the public to risks and draws
attention to possible effective precautions.
Before, such information campaigns have concentrated on fire, accident and burglary prevention;
efforts today are shifting more and more to the area of natural hazards, where there are many
possibilities for loss prevention, which hitherto have scarcely been tapped.
Business Requirement:-
A company will not be issued a license unless the IRDA is satisfied with the sound financial condition,
the general character of management, the volume of business, the capital s tructure, earning
prospects for the insurers and that the interests of the general public will be served if registration is
granted to the insurer.
Foreign insurance companies have been allowed to have a maximum 26% share holding. No life
insurance company can be registered under the Act unless they have a paid up capital of Rs.100
crores. Every life insurer shall deposit with the reserve bank of India one percent of the total gross
The Indian insurance sector is rapidly moving towards international standards of free (risk-based)
market pricing and new/innovative product offerings. Big changes have occurred over the last few
years, during which the sector was opened to private participation, along with foreign direct
investment (FDI) capped at 26%.
India is the 5th largest market in Asia by premium, following Japan, Korea, China and Taiwan. The
country is geographically large and has the world’s 2nd largest population -- 1.13 billion in 2007 –
but it also has one of the lowest penetration rates for property and casualty insurance in Asia in
terms of premium as a percentage of GDP.
The Gross Premium underwritten by public sector non-life insurers for the April-December 2009
period posted year-on-year growth of 11.37 per cent as compared to the year-on-year growth of
7.93 per cent posted by private sector non-life insurers. Overall, the non-life insurance sector grew
9.95 per cent in April-December 2009, compared to the corresponding period last year. According to
IRDA data, out of the US$ 5.46 billion premium underwritten by the industry during the April -
December 2009 period, US$ 3.24 billion came from the four public sector companies as compared to
US$ 2.91 billion during the same period in 2008.
Moreover, in the 2010-11 budget, Finance Minister, Mr Pranab Mukherjee, has decided to roll back
the government’s decision to tax the unrealised gains of non-life insurance companies. “The
appreciation in the value of investments, being in the nature of unrealized gain is not taken into
account for determining profit or loss of non-life insurance business as per the IRDA regulations. It is,
therefore, proposed that the unrealized gains due to appreciation in the value of investments will
not be included in the total income,” according to the budget documents.
According to data from the IRDA (Summary Reports of Motor Data of Public and Private Sector
Insurers - 2008-09), in 2008-09, nearly 30 million vehicles were registered and a total premium
worth US$ 2.03 billion was collected.
MAJOR CHALLENGES::
Awareness:: It is the main problem faced by all the insurance company is lack of awareness
about Risk exposures and about insurance products available to the customers. In India only 20% of
the population is insured. Majority of the populations who are living in the rural areas and sub urban
areas are not aware of the about risk exposures and about insurance products available in the
market.
Affordability:: In India majority of the population standard of living is low and majority
of them belong to middle class and lower class and they have very little money left after satisfying
basic needs. Uneconomical premium of insurance policy is also a major constrains.
FUTURE PROSPECTS::
Huge market largely untapped especially in Rural & Urban regions can be targeted to
increase the number of insurer in the market.
As high as 70% of population is still not covered by insurance. So the company can conduct
mass campaign and educated the people more about the products and also about the risk
covered and the various benefits which they can avail .The Company can use various medium
to increases the awareness.
Increase in standard of living, disposable income, literacy, insurance awareness throws open
huge opportunities on insurance.
High growth in Automobile sector.
Huge strides in Health Care opening up huge Health Insurance potential.
In Rural sector large number of Micro finance institutions, Self Help Groups are setup who
can be the major clients of this industry.
The Government initiatives on Mass insurance.
General Insurance would grow at CAGR 17% next 5years.
Pros of Disaster Insurance::
It could save livelihoods, therefore it can be more financially sustainable than traditional
humanitarian aid, which focus on saving lives.
By making disaster risk reduction an integral part of national policies and guaranteeing a
predictable and reliable payout in case of disaster, it will allow for longer term planning in
development.
By reducing the need for international involvement in emergencies, it can diminish the
negative effect external relief and reconstruction interventions often have in eroding local
markets and exacerbating social inequalities (Pelling, 2007).
It will create or reinforce the idea that the state has responsibilities to ensure its citizens’
safety and protection of their livelihoods (Pelling, 2007).
It can increase governments self-determination.
REINSURER::
General Insurance Corporation of India www.gicindia.com
Market share of different companies ingeneral
insurance industry::
Table-2
Design of Questionnaire::
A questionnaire was prepared on the basis of objective of the study. It was parted into some
categories as follows
Personal details of the customers
Experience of natural disaster
Awareness about disaster insurance
What they think about disaster insurance is it really effective to recover the damages caused
by disaster.
A sample questionnaire is given into Annexure-I.
Design of sample survey:: Primary data was collected in the sample size of seventy five
due to time constraint. Data was collected through one to one interaction from different people. The
respondents are from govt. officers, businessmen, shopkeepers etc. The respondent were mostly from
Rajpur Road area, Balliwala chock, Canuaght Place, Gandhi Road and Indira Nagar area. They were from
different age group and income level.
Data Tabulation::
32%
YES
68% NO
Out of 75 sample size it was found that in the field of experience of natural disaster natural disaster
68% respondent has experience of natural disaster. From this we can say that Uttaranchal state is a
disaster prone state.
Those have the experience of natural disaster among of them 64% of the people has the experience
of earthquake ,so it is clear that Uttaranchal state is liable to several earthquakes.
From this figure we can interpret that the people of Dehradun generally get the information related
to disaster, how to make their home and life safer from disaster.
yes
88% no
From this figure we can say only 12% people has disaster insurance coverage.
Those who has disaster insurance coverage among of them 63% has earthquake coverage, 22%
coverage against land slides, 11% against flash flood and 4% has coverage against fire.
In Dehradun in general insurance there has 4 major players general insurance corporation has 40%
market share; new india assurance has 35% market share; united india insurance has 20% market
share and oriented insurance has 5% market share.
CONCLUSION::
Uttaranchal, due to its peculiar geographical setting is vulnerable to minor ecological changes. This
makes the state disaster prone in terms of land slides, forest fires, cloud bursts, flash floods, and
most importantly earth quakes. Given the frequency and the unpredictability of the occurrence of
these disasters, an attempt to develop capacity to undertake disaster mitigation strategies is very
important. The ultimate end of all these strategies should be to reduce the vulnerabil ity of the state
to disasters. These programs should include, inter alia, disaster vulnerability assessment for the
entire state and investment that would reduce vulnerability. In short the emphasis of the approach
to disasters should shift from reaction to anticipation. In other words, the thrust should be on pro
active pre- disaster measures rather than post disaster response.
If any person has disaster insurance he can reduce financial loss caused by disaster. But the people
of Dehradun not so much aware about disaster insurance. In this situation Govt. of Uttaranchal
should take some initiative to improve the awareness of disaster insurance.
91.2% of the respondent think that Govt. of Uttaranchal should take some initiative to improve the
awareness of disaster insurance. 61.2% of the respondent those who aware about disaster insurance
, think that ‘disaster insurance is effective to recover the damages caused by natural disaster.
Annexure-I::
QUESTIONNAIRE
Dear Respondent,
Thank you for taking the time to answer this questionnaire; this questionnaire is aimed at your awareness
and your perception about insurance for disaster management. Your response will be dealt with strict
confidentially and it will be used only for academic purpose. Again thank you for spending your valuable time
to fill this questionnaire.
E-Mail ID::………………………………………………………….
Other, specify…………………….
Income (annually):: Below 1 lakh 1.01-3 lakh 3.01-5 lakh Above 5 lakhs.
2. Type of disaster.
Drought Wildfire
Dust Storm Household Fire
4. How recently?
Within the last 6 months
Between 2 and 5 years
Between 6 and 12 months
Between 1 and 2 years
5 years or more
5. Are you aware about disaster insurance? [if no then go to question no.11].
Yes No.
6. Does your family have any disaster insurance coverage? [ if no then go to question no.9].
Yes No
7. Do you have the insurance coverage any of the following.
Earth quake Land slides
Flashflood Avalanche
Others-specify……………………………
8. Name of the company.
General insurance corporation of india
New india assurance
Oriented insurance
United india insurance
Other- specify……………………………..
9. What is the main reason that your family doesn’t have insurance coverage against disaster.
Not easily accessible
Too expensive
Not necessary
Never considered it
Other
[Please specify your level of agreement for the following statements(just put a tick mark). SD-strongly
disagree, D-disagree, U-undecided ,A-agree, SA-strongly agree]
10. Disaster insurance is effective to recover the damages caused by natural disaster.
SD D U A SA
SD D U A SA
Other comments::
………………………………………………………………………………………………………………………
………………………………………………………………………………………………………………………
………………………………………………………………………………………………………
…………………………………………………………………………………………………………………
References::
http://ndmindia.nic.in/EQProjects/Disaster%20Management%20in%20India%20-
%20A%20Status%20Report%20-%20August%202004.pdf
http://www.azadindia.org/social-issues/poverty-in-india.html
http://ncw.nic.in/pdfreports/Gender%20Profile-Uttaranchal.pdf
http://www.afminetwork.org/fichiers/ressources/18.pdf