We have chosen a company called Medlife Insurance LTD. This company
deals with financial services, within that with life insurance.
Marketing Financial Services Presentation
Introduction:
We have chosen a company called Medlife Insurance LTD. This company
deals with financial services, within that with life insurance. It is
part of a “network” of companies that sell life insurance and to be
able to give a whole picture of the company’s activities we will
introduce some of it’s partner companies as well. We will also give a
brief description of the different kinds of services they provide to
customers, such as life insurance for a whole family, life insurance
for a single person or life insurance for the company employees.
Situation Analysis:
Grazer Wechselseitige and other international investors founded
Medlife in the year 1994. Medlife started its business activities in
1995. It is set up as a Cypriot offshore company and offers life
insurance products on US dollar basis.
Medlife is an insurance company full of traditions and experience.
Because of its traditions, seriousness and experience, it provides
reliability of all activities in life insurance and capital
investments of Medlife. All sales are performed through the network
of SI-Save Invest Ltd, (one of the biggest independent and
international insurance broker companies in the world that offers and
sells financial services, specializes in capital forming life
insurance and disability insurance offered by its insurance partners),
covering the former CIS and Baltic countries.
Insurance and investment programmes have been developed that help
encompassing the risks of everyday life and at the same time allow the
customer to achieve a profitable return of the money invested.
Contracts concluded between Medlife and its clients are subject to
Austrian law which extensively protects the rights of Medlife’s
clients. Due to the very strict rules and regulations of the
Insurance Contract Act and the Consumer Protection Act. Grazer
Wechselseitige Group in Austria, a well-known insurance company,
provides fundamental insurance services like technical administration,
funds investment, and reinsurance since 1828. These services are
delivered following the same principles of security and profitability
that do apply for Grazer Wechselseitige itself. Grazer Wechselseitige
Versicherung AG is 100% financed on own capital and therefore does not
require any investor’s ratings.
Some examples of the financial services that Medlife is selling:
Economic Insurance Plan
Economic Insurance Plan is the ideal package for those who seek
comprehensive insurance coverage combined with an opportunity to
invest capital in a profitable way.
G5S -Endowment Insurance with graduated death benefits and surplus
participation.
The benefit to be paid in the case of death becomes payable if the
insured person dies before the end of the insurance term. The sum to
McFarlan, F. Warren. CareGroup. Ed. Robert D. Austin. N.p.: Harvard Business School, 2005. 1-22. Print.
Jarratt, Susan C. “Rhetoric and Feminism: Together Again.” College English. Vol. 62. 3rd ed. National Council of Teachers of English, 2000. 390-393. Jstor. Web.
The Great Gatsby brings a picture of the American society during the 1920's. This is a critical decade where the view of the American Dream has been transformed from the ideal dream to a materialistic dream. The view of the American Dream was always about coming from the bottom and working your way to the top. It was once based on discovery, self- reliance and happiness. The old American Dream before corruption allowed you to gain love, high status, money and power through work. You had to put in work to become on top. The American Dream was also based on family. However, times have change, so do values. The American Dream transformed into the materialistic aspects. The goal was to have a huge house, extravagant cars, and live life easily. It was no longer about work and dedication. Materialistic objects determines success now instead of verse versa, which shows corruption has taken place. In The Great Gatsby, F. Scott Fitzgerald illustrates the American Dream and its corruption through the evolution of a society from the wealth and social statuses they achieved.
The company shows a flat organization in which there are few layers of management but has broad span of control. According to the chart, the company develops a decentralized authority in the level of their management due to which they focus more on adapting to what customer wants based on decision making from the lower level managers who are more familiar in the local conditions. This type of authority allows them to understand customers such as patients’ needs in order to develop strategies to fulfill this requirement According to Figure 1, they primarily focus more on the health care system and invested in about $7.5 billion dollars in research and development to create a strong product portfolio. The culture of this organization demonstrates a formal organization in order to guide the lines of authority as well as the responsibility for the company. According to Johnson and Johnson Credo statement, their main focus is towards the responsibilities of the doctors, nurses, and patients as well as their employees. They also state their growing responsibilities toward the shareholders and to the communities in order to research and develop new innovations in towards civic improvement to the communities. This entails that they fully care for their customers and employees in which its shows in
Managed care, as it relates to providers healthcare, can be defined as a patient that only sees the doctors and specialists that are in their health plan. In compliance to this agreement, the co pays are lowered by a managing company who oversees all health care interactions of their clients. The reason these costs are kept significantly lowers is because the company has contracts with particular healthcare providers and hospitals. There are three different types of managed care plans that are available. These are Heal Maintenance Organizations (HMO), Preferred Provider Organizations (PPO), and Point of Service plans (POS). Each is a little different from the other, but provide the same basic service, managed health care.
Many individuals have the opportunity to choice a healthcare organization for their healthcare needs. One in particular is United Healthcare group which provides individuals with the most ideal care. As well as to work to give individuals access to the quality care they require at a reasonable price (UnitedHealth Group, 2015). They give data, direction and apparatuses to individuals to settle on more educated choices about their wellbeing, health insurance and prosperity (UnitedHealth Group, 2015). These choices have deep rooted, once in a while life-characterizing, outcomes. United Healthcare grasp this position of trust and the basic social obligation they need to serve individuals ' medical needs in the United
Culture, the behaviors and beliefs that a particular social, ethnic, religious, or age group possesses. Whether we like it or not a culture is always going to be apart of our life and it is most definitely not the same for every single person. Just as each book has a different story to tell, each culture does the same thing. Culture greatly affects the way people perceive others and the world around them by giving a person their sense of right and wrong, we take what we have learned from our culture and then build or take away from that knowledge to help us view things in the world. As young children we begin to grow with the same concept of memories, what is right and what is wrong. Now even though we learn the same lesson, it does not mean that the material is going to be the same. If we think of different cultural aspects as different books it is easier to distinguish the varying effects that a culture can have on a person’s outlook on life.
The case study of the Multistate Health Corporation provides a rather distinct need of adjustment. MHC is a healthcare provider that held more than 10,000 employees in different regions in different countries. MHC was a well of organization until the year of 1989 where the government had implemented significant changes into the system. In addition, the market alone had increased a more competition in means of services provided to relatives to care for their own at home. In other words inpatients was slowly declining whilst the outpatient was increasing. Therefore, leaving the MHC with excessive supply and short of demand.
Although the concept of managed care has been in existence for several decades, Nickitas, Middaugh, and Aries (2016) remarked that its application in the nation’s healthcare system did not begin until the mid-1990s. Sekhri (2000) defined managed care as the variety of arrangements that incorporates the funding and delivery of care. Designed primarily to reduce the healthcare cost and deliver a high quality of care, Sekhri (2000) cited that managed care was criticized for its cost savings, provider reimbursement, and quality of care.
However, the American Dream traditionally means achieving goals through honest hard word. This is not what Gatsby does, as Nick later expresses how he went into a life of crime to earn so much money so quickly. Almost immediately in The Great Gatsby, Gatsby is seen as a character yearns for something, or someone, Daisy, that he can’t have. This is shown as Nick describes Gatsby looking at the light. “But I didn't call to him for he gave a sudden intimation that he was content to be alone--he stretched out his arms toward the dark water in a curious way, and far as I was from him I could have sworn he was trembling. Involuntarily I glanced seaward--and distinguished nothing except a single green light, minute and far away, that might have been the end of a dock”(Fitzgerald, ). In the beginning of the book, the light stands for Gatsby’s dreams, hopes, and desires to reunite with Daisy and rekindle their relationship from five years before. It seems later in the book that his dreams are coming true. Gatsby and Daisy meet many times, beginning an affair, and talking about Daisy leaving Tom for Gatsby. Symbolically the color of the light, green, could represent rebirth, and the start of Gatsby’s new life with Daisy. The green light could also symbolically represent wealth. Gatsby attempts to gain wealth and fortune to allow Daisy to live a life of true luxury once the estranged couple is reunited. However, in the end, the relationship does not work out, holding true to Nick’s words, “you can’t repeat the past” (Fitzgerald, 110).
He dreams of having his gold girl by his side and money to spoil her. Gatsby is optimistic and determined to achieve his true American dream, but like all of the other characters in The Great Gatsby, this dream is impossible to achieve. After he met Daisy, Gatsby spent 5 years trying to get money to be good enough for her. In the end, he could never achieve his dream, and he ended up wasting 5 years of his life along the way. Gatsby found his true love Daisy, but to achieve his dream and win her over he needed the money. Once he had the money it was too late and the toxic relationship in the American dream continues. When Gatsby worked for his money, possibly in some illegal manners, Daisy could not wait for him to be rich. Daisy became too impatient and went to marry a man that gave her the love and stability equal to her social status. He bought her a big house and moved close to her, but in the end still did not get his dream girl. Part of Gatsby’s dream to have things go back to the way they were 5 years ago; he wants to relive the past and pick up where they left off. Throughout the novel, Gatsby seems to forget the fact that 5 years has passed since they were together and he thinks that she can run away and be with him. In the 5 years that they were separated Daisy got married to an extremely rich man and had a child with him. With these changes, it is not so simple for her to get up and leave her child and husband behind like Gatsby wants her to. Not being able to go back and live the past crushes a big portion of his true American dream. He has imagined all of the things that Daisy and their relationship will be, but she can never live up to the standards he sets; therefore, his dream is impossible. When Tom finds out about Gatsby and Daisy’s affair, all Gatsby wants is for Daisy to say that she never loved Tom, but she cannot bring
The Schlegel Sisters, who aren't 'pure' English, but people of German origin, personify Forster's dream about what people's philosophy of life should be. They used to think about the class differences as obstacles that do not allow people to fully understand each other. The hope is that if everybody thinks that way, people will just forget about class differences--that's what Forster's dream is. Margaret and Helen Schlegels partly think this way because being part of minority group i...
Culture of a society represents the customary beliefs, values, and social constraints that ethnic, religious, and social groups transmit fairly unchanged from generation to generation. Culture includes all the common characteristics to the member of a particular group or society. It is through culture that a particular group define themselves, conforms to society’s shared values, and contributes to the society. Culture incorporates all the societal aspects which include language, customs, values, norms, mores, rules, policies, tool, technologies, products, associations, organizations, and institutions.
The America Dream was founded on the principals of ceaseless opportunity. Many people migrated to America for a chance to achieve their desires despite race, gender, and social status. In a land established on wealth through hard work, possibilities are infinite to those with persistent determination. These ideals are portrayed perfectly by Jay Gatsby, the main character in F. Scott Fitzgerald’s’ The Great Gatsby. This novel tells the story of one man’s quest to achieve his lover through his rise to riches. Gatsby relentlessly pursued the American Dream by falling in love and pursuing money.
J. David Cummins, A. S. (1999). Changes in the Life Insurance Industry: Efficiency, Technology and Risk Management: Efficiency, Technology, and Risk Management. Springer.