Week 3 Paragraph

Running Head : Week 3p The most important performer of the Supply drawing string in the look Insurance strain is that it needs to be supported on a go on basis , long after new and competitive products express the place of the older ones . In this business , the Supply fibril is composed of galore(postnominal) processes and it is defined as , Product flavour cycle processes comprising physical information , financial , and knowledge flows whose single-valued function is to satisfy end-user requirements with . religious services from multiple , linked suppliers (Ayers , 2006 ,,5Agents sell most of the life-insurance policies . This present is beset with many problems . Agent s prime interest is to get through targets and hence some of the policy holder s wellness facts be overlooked by them At the claims settlement stage , this poses honorable problems for the policy-holders , as the agent renders little help or they atomic number 18 no more in the picture due to many reasons like resignation from the service etc . Besides , life-insurers will situate only on the Third Party Administrator (TPA ) earnings .

Hence , the supply chain management will pretermit an innovative process comp ard to the general insurance companies Already , there is a lot of criticism about the TPAs and the way claims are processed (The Hindu , 2007 ) When the health insurance claims are jilted , life-insurance companies lose their loyal customers . Supply Chain in the Life Insurance Business is to begin and end with satisfactory service to the customer . That is its purpose of existence and that is its social goalWord study : 228 (with quotationsWord Count : 140 (without quotationsReferencesThe Hindu Business Line : Life , health . or both ? 13 Jul 2007www .thehindubusinessline .com /2007 /07 /13 /stories /30900 .htm - 24k Retrieved on June 24 , 2008Ayers , James B : Hand book of Supply Chain ManagementCRC Press , 2006 , 608 pagesISBNPAGEPAGE 2 Week 3...If you want to get a full essay, order it on our website: Orderessay

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