State-wise life insurance penetration and density of individual new business in India

Print
User Rating:  / 2
PoorBest 
Created on 05 January 2013 Last Updated on 14 March 2013 Published Date
Written by Bimabazaar- Adminstrator

Insurance penetration and insurance density are the two important indicators, which provide the level of development of insurance sector in an economy. Insurance penetration is defined as the ratio of total premium collected to the total Gross Domestic Product (GDP) of an economy and is usually expressed in the percentage form.

 

The insurance density is defined as the ratio of total premium to the total population in the country and is expressed in currency units. Further, the ratio of insurance density to the insurance penetration is simply the per capita GDP, an indicator of per person economic activity of the economy.

The per capita GDP is often regarded as a good proxy for the standard of living of the people in the economy and is often used to compare the relative standard of living between the economies.

Relationship between insurance penetration and per capita GDP

There are several studies [Carter and Dickinson (1992), Enz (2000), Kamiya (2012), Sastry (2011), Sinha et al (2012), Zheng et al (2008), etc.], which have attempted to examine the nature of inter-relationship between the insurance penetration and the per capita GDP. These studies have revealed that a positive relationship holds between insurance penetration and per capita GDP.

Insurance penetration normally increases with the increase in the per capita GDP. The relationship between the two could be linear or non-linear (curvilinear). A simple linear relationship will mean that the income elasticity of demand for insurance is a constant. In case, the relation is curvilinear, the elasticity would no more be a constant and would change with the level of per capita GDP and would be dictated by the mathematical form of the non-linearity (such as, exponential, logistic etc.).

The studies of Carter and Dickinson (1992) and Enz (2000) indicated that the relationship between the insurance penetration and per capita GDP can be explained with an S-curve (a non-linear form). They demonstrated that the insurance penetration cannot go on increasing with the same pace forever with income per capita. The study of Enz (2000) proposed a logistic curve, which tracks an S-curve appropriately. Enz (2000) analyzed the insurance penetration by plotting it with the per capita GDP for select countries both for the life and non-life segments, separately.

It revealed that there exists a level of per capita GDP at which the income elasticity of demand for insurance reaches to the maximum level for both segments (life and non-life) of insurance. Subsequent to this point of maxima, the insurance penetration starts decelerating (increasing at a slower rate) with the increase of per capita GDP.

The study also attempted to identify the countries, which are consistently above or below the S-curve, and indicated that these deviations are on account of other factors (for example, socio-demographic and cultural characteristics), which are largely country-specific, which affect the insurance business of these specific counties.

Indian Scenario

The scatter plot of S-curve in the study of Enz (2000) reveals that insurance penetration in India lies well above the point of the estimated S-curve. Accordingly, given the assumptions of model in Enz (2000), it is indicated that the insurance penetration in India is higher than what the S-curve suggests. It is interesting to note that there exist other prominent factors (other than the per capita GDP), which influence the growth of Indian insurance business positively.

These factors could be demand driven (such as, socio-demographic characteristics of prospect/policyholders, risk appetite, etc.) or, supply driven (such as, quality of distribution channel, product innovation, etc.) or combination of both. While the presence of other factors (other than per capita GDP) is evident in case of India, it is expected that these would vary across various states and union territories of India.

Treating these states and union territories as independent economies, the insurance penetration as well as insurance density of individual states and union territories can be computed using their respective Premium underwritten, GDP and Population.

Data descriptions and limitations

The state-wise computed data of insurance penetration and insurance density is provided in Statement No. 9. It has been computed annually for the period 2006-07 to 2011-12. The premium figures pertain only to the individual new business premium, that is, the first year premium (both single premium and regular premium). Accordingly, it does not cover business of renewal premium of individual business of life insurance and any group business of life insurance.

Further, it does not cover any business of non-life insurance. This is in accordance with state-wise individual new business premium data filed with the IRDA.

It may be noted that this sub-set of data represented close to 40 per cent of total life insurance in the years 2006-07 (38.67 percent) and 2007-08 (39.45 per cent), but declined subsequently, especially in the recent years.

The share of individual new business premium stood at 22.56 per cent of the total life insurance premium in 2011-12 (against 28.52 per cent in the year 2010-11). The changing share of this subset of data reflects changes in insurance penetration as well as in insurance density in exactly the same fashion, as these are directly co-related.

Accordingly, the insurance penetration for this subset of data stands at 0.78 per cent in 2011-12, while the insurance penetration of total life insurance is 3.47 per cent. The insurance penetration of total life insurance penetration is 3.40 per cent in 2011-12 as per the Swiss Re estimates.

The state-wise data on Gross Domestic Product and per capita Net Domestic Product have been taken from the Central Statistical Organization (CSO), Ministry of Statistics & Programme Implementation (MoSPI), Government of India. While, the Ministry publishes both the Gross Domestic Product (GDP) and Net Domestic Product (NDP) for various states/UTs (at current prices and constant prices), it publishes only Per Capita Net Domestic Product and not the Per Capita Gross Domestic Product. In accordance with the definition of the insurance penetration, the GDP is used for the computation of insurance penetration of various states and union territories. Further, it is taken at the current prices in order to be compatible with the premium figures.

The state-wise data on population is available through Census 2001 and Census 2011. These are used to estimate the statewise population data for various years (2006-07 to 2011-12) using the Compound Average Growth Rate (CAGR) of the respective states and union territories with application of simple interpolations. India is a large country with 35 states/union territories with varying levels of per capita GDP, insurance penetration and insurance density.

The per capita NDP of India stood at `60,972 in 2011-12. The same, however, varied significantly across the states and union territories ranging from a low of Rs.24,681 (for Bihar) to a high of Rs.1,92,652 (for Goa) and Rs.1,75,812 (for Delhi). In the present context, 3 union territories viz. Dadra & Nagra Haveli, Daman & Diu and Lakshadeep have not been considered because of their meager figures.

Accordingly, 32 states/union territories have only been considered. It may be noted that these three union territories have insignificant contribution in the total life insurance premium.

The study of Sinha et al (2012) identified the per capita number of agents and the per capita number of insurance offices (both are supply driven), as two other influencing factors, apart from per capita GDP, which explained together large section of data appropriately.

The above study also carried out a multiple linear regression analysis to

(i) identify statistically significant factors influencing the insurance penetration and density,

(ii) to identify the outlier states/union territories, which are deviating from the estimated straight line statistically significantly and, (iii) to classify the states/union territories, which have under-insurance, over insurance and adequate insurance given the assumptions of the model.

In case of life insurance, given the high importance of per capita number of agents in the country, it is imperative to identify the states and union territories, which are at the extreme ends of under-insurance and over-insurance. That is, there are few states, which have a low premium figure, despite the fact that relatively higher agents have been deployed by the various insurance companies therein.

In contrast, few states are capable of underwriting good insurance business despite relatively low agents deployed therein. This poses questions on the allocation of insurance agents by the insurers in various parts of the country.

There could be possibility of inappropriate (inadequate or more than adequate) deployment of agents in particular region(s). Thus, the insurers need to analyze the mis-allocation, if any, in the distribution of agents, offices etc. and optimize it, subject to constraints. This may facilitate in increasing the business volumes, and thus, pushing up both insurance penetration and insurance density of the country.

References

 

  • Carter, R L and Dickinson, G M (1992): Obstacles to the liberalization of trade in insurance, Thames Essay No.58, Hemel Hempstead: Harverster Wheatsheaf, See Appendix IV, 175-188.
  • Enz, R (2000): The S-curve relation between per-capita income and insurance penetration, Geneva Papers on Risk and Insurance,
  • 25 (3): 396-406.
  • Handbook on Indian Insurance Statistics 2010-11, IRDA.
  • Sastry, D V S (2011): Life insurance penetration in India, Journal of Social and Economic Policy, Vol. 8, No. 2, 207-215.
  • Sinha, R K, Nizamuddin M M and Alam, I (2012): An Investigation of insurance penetration and density of India by geography,
  • 16th Annual Conference of Asia-Pacific Risk and Insurance Association (APRIA), July 2012, Seoul, South Korea.
  • Swiss Re: Various Sigma Reports.
  • Zheng W, Liu, Y and Yiting, D: “New paradigm for international insurance comparison: with an application to comparison of seven insurance markets.

 

Courtesy IRDA Annual Report 2011-12

LIC organises 55th All India Sr. Divisional Mangers' Conference
LIC organises 55th All India Sr....

The 55th All India Sr. Divisional Managers' Conference, annual strategy meeting of LIC of India...

Bajaj Allianz General net profit...

 Bajaj Allianz General Insurance has posted a 37 per cent rise in profit after tax to Rs 562...

United India declares Rs. 301 cr profit

 United India Insurance Company has reported a profit after Tax of Rs 301 crore in 2014-15. The...

Domestic Travel Guard  from Tata AIG General Insurance
Domestic Travel Guard from Tata AIG...

  A holiday is for a great change away from home. But what do you do if you fall ill...

ICICI Pru Smart Life from ICICI Prudential Life Insurance
ICICI Pru Smart Life from ICICI...

  ICICI Prudential Life Insurance has launched a new dual protection unit linked insurance plan...

Micro Insurance - Will initiatives &...

Micro-Insurance - At the moment in practice:From its origin, the concept of insurance remains...

Sigma 1/2015: emerging markets ready...

The latest sigma study, Keeping healthy in the emerging markets: insurance can help (see download...

SBI take into service PwC for valuation, IAG supports Deloitte for JV
SBI take into service PwC for...

State Bank of India  is ardent to divest further stake in its foreign partner Insurance Australia...

Bharti's insurance ventures' zooms high
Bharti's insurance ventures' zooms high

The Bharti group's stake valuation has gone up multiple times in both life and general insurance...

Half of the world's rural population...

A recent ILO report  has revealed that more than half of the world's rural population (56 per...

LIC sets ambitious target for east zone
LIC sets ambitious target for east zone

With the back of a stronger product portfolio and tie-ups with the banks.The LIC is aiming for a...

LIC raises stake in Canara Bank, Bank of Baroda
LIC raises stake in Canara Bank, Bank...

The  Life Insurance Corporation (LIC) has raised stake in state-owned Canara Bank by about 7.7...

IRDAI mulling over e-Insurance

Earlier  the concept of E Insurance was piloted in paperless form through insurance repositories....

Global reinsurers firm steps in India...

After receiving licenses from the Insurance Regulatory and Development Authority of India which...

GDP in motor insurance to cross Rs....

The gross direct premium earned by general insurance companies from the motor vehicle industry in...

Insurance Demand

The Federation of West Bengal Trade Association has demanded that all markets owned by KMC should...

Popularizing Health Insurance through...

It was a wonderful spectacle to watch millions of people all over India taking to Yoga even...

Munich Re Confirms Riess as Future...

The Supervisory Board of ERGO Versicherungsgruppe AG has appointed Markus Riess to the ERGO Board...

Benett, Coleman to buy majority stake...

Religare Enterprises Ltd (Religare) has decided to sell its 44 percent stake in Aegon Religare...

A single-premium health cover for...

Insurance Regulatory & Development Authority of India (IRDAI)  is on the verge of drawing...

LIC : Towering over the rest

The top 10 insurance companies hold more than Rs 4.56 lakh crore in Indian equities. Life...

Not more than 10% paid-up shares in...

The IRDAI in lieu of the backdrop of the recent hike in the upper cap of foreign direct...

Insurers' valuations may sink

Valuations of insurance companies, tied to banks, are set to plunge, given the new distribution...

Best High Return Investment Options

  Investors often find themselves at cross roads while going through the various investment...

A Comprehensive Guide on Pension Plans

  The basic purpose of pension planning is to create a steady and stable source of income for the...

The importance of insurance to a...

  At times they may seem invincible, but in reality, multinational companies are just as...

Maximize Your Tax Savings in India

Reducing tax liability and maximizing savings in India can done by a three-pronged strategy...

Importance of Family Medical Health...

There has been a rise in lifestyle related diseases and the chances of passing them on to the...

Child Insurance Investment —...

Being a parent is the most responsible job in this world, and every parent has the duty of...

SBI Life Pledges Education to Cancer Affected Children
SBI Life Pledges Education to Cancer...

Taking its Corporate Social Responsibility initiative to newer heights, SBI Life Insurance...

IRDAI to dematerialize High-value insurance
IRDAI to dematerialize High-value...

The Regulator is planning to dematerialize the policies with an annual premium of Rs.50,000 for...

How to Identify Lost or Unclaimed...

  Lost or unclaimed insurance amount as the name suggests are the dormant policy amounts that are...

Health Insurance for Newborn Children...

The birth of a child is always an exciting affair with lots of joy and happiness. However, as a...

Travel Insurance  Policy from Bajaj Allianz General Insurance  Co. Ltd
Travel Insurance Policy from Bajaj...

      Studying abroad in a foreign land entails a lot of risk. Medical expenses in foreign...

Home Shield Insurance from Royal Sundaram Alliance Insurance
Home Shield Insurance from Royal...

      Home Shield is a comprehensive Home Insurance Policy which offers protection to your home...

Association of third party administrators seeks clarity
Association of third party...

The public interest litigation (PIL)  filed in the Bombay High Court by activist Gaurang Damani...

SC declares Compulsory retirement for misappropriation
SC declares Compulsory retirement for...

The Supreme Court has declared a  compulsory retirement to an LIC cashier for misappropriating...

IRDA asks Insurers to devise simple, low cost products
IRDA asks Insurers to devise simple,...

      In a review meeting which was held  on the performance of the public sector insurance...

Life insurers asked to submit data: IRDA
Life insurers asked to submit data: IRDA

The sectoral regulator IRDA has asked life insurance companies to submit data for the last four...

Benefits of Buying Term Life...

      Term life insurance policy is a kind of policy that offers coverage for a limited term (as...

Understanding Mediclaim Better –...

      Investing in a good medical insurance policy has become more crucial than ever, especially...

Disaster Management

      Disaster Management is the discipline of dealing with and avoiding risks. It is a...

E-mail spoofing using the domain irda.gov.org
E-mail spoofing using the domain...

From IRDA: It has come to our notice that certain unscrupulous entities/persons have allegedly...

POST GRADUATE DIPLOMA ON HEALTH INSURANCE IN COLLABORATION WITH UNIVERSITY OF MUMBAI
POST GRADUATE DIPLOMA ON HEALTH...

Health insurance has become a vital component of the Indian insurance industry and is growing at...

Deadline of 60 days for- Life insurance payouts
Deadline of 60 days for- Life...

      At present the mandate demands that all claims have to be settled within six months, and...

Tata AIA life joins hands with Citibank
Tata AIA life joins hands with Citibank

Tata AIA Life insurance company has entered into a bancassurance partnership with Citibank to...

One out of every five Private life Insurance claims rejected
One out of every five Private life...

Insurance Fraud has not been seriously addressed in India  Insurers say they are forced to...

LIC  lags private insurers in claims settlement
LIC lags private insurers in claims...

The Insurance Regulatory and Development Authority of India in its annual report 2013-14 has...

Higher FDI will benefit insurers: Moody's
Higher FDI will benefit insurers:...

      The  Moody's Investors Service believes that a higher foreign investment limit is "credit...

Govt staff, tax payers not eligible under PMJDY
Govt staff, tax payers not eligible...

The Financial Services Department of the Finance Ministry has prepared detailed guidelines for...

Excise duty in vehicles segment fades insurers' hope
Excise duty in vehicles segment fades...

The General  Insurance sector which had hoped for a revival of the sales of automobiles in the...

UII organizes mega insurance convention
UII organizes mega insurance convention

United India Insurance organized a mega insurance advisor's convention 'Make India Insure' in...

Benefit from the Income Tax Slabs for...

      When planning your finances, it is important for you to understand tax slabs and...

BMI & Insurance Rates - How does BMI...

BMI which is the body mass index is an important tool considered by insurance companies in...

Partners of Fraud Company Maples...

Kolkata: Partners of Maples Publications, Amit Gupta & Jitendra Malhotra has been arrested by...

Cigna TTK Health Insurance expands in 5 more cities
Cigna TTK Health Insurance expands in...

Cigna TTK Health Insurance a joint venture between U.S. based global health service leader, Cigna...

Bharti AXA Life launches ‘Elite Advantage’
Bharti AXA Life launches ‘Elite...

Bharti AXA Life Insurance, the private life insurance joint venture between Bharti Enterprises...

Go Paper less ! Secure all your Policies in electronic Insurance A/c (eIA), With SHCIL Insurance Repository (SHCIL-IR) absolutely FREE OF COST
Go Paper less ! Secure all your...

eIA stands for e-Insurance Account or “Electronic Insurance Account” which will safeguard the...

Karnataka Vikas Grameena Bank tiesup with IndiaFirst Life to offer insurance products
Karnataka Vikas Grameena Bank tiesup...

Karnataka Vikas Grameena Bank (KVGB) owned by Government-Sponsored by Syndicate Bank, one of the...

Future Generali India Life Insurance launches the Care Plus Plan
Future Generali India Life Insurance...

Future Generali India Life Insurance Company Limited (FGILI), a joint venture between Future...

Solved Paper for General Insurance Accounts and Regulation of Investment IC46 for associateship
Solved Paper for General Insurance...

Launching of Guide Book for IC46 Plus Mock Test                   Guide...

Get FREE E-Insurance Account
Get FREE E-Insurance Account

You have been enjoying the benefits of Demat account and would have experienced the ease and...

2014 Budget Speech Extracts of Sri Arun Jaitely, Finance Minister, India relating to Direct Tax Proposals
2014 Budget Speech Extracts of Sri...

I do not propose to make any change in the tax rate.  However, with a view to provide relief to...

Budget 2014 - Highlights for Insurance Sector
Budget 2014 - Highlights for...

Budget Speech By Sri Arun Jaitely, Finance Minister The Insurance sector is investment starved....

Budget Reactions from Future Generali India
Budget Reactions from Future Generali...

“The budget announcement on increasing FDI cap in insurance to 49% is a positive step forward. We...

Budget Reaction - Mr. Antony Jacob, CEO, Apollo Munich Health Insurance
Budget Reaction - Mr. Antony Jacob,...

Today's Union Budget speech has certainly brought good news for the insurance sector by the...

Future Generali India Insurance ties up with Punjab & Maharashtra Co-operative Bank
Future Generali India Insurance ties...

Future Generali India Insurance, a joint venture between India’s leading retailer Future Group...

Max Bupa wins the technology award at the fourth edition of India Insurance Awards
Max Bupa wins the technology award at...

Max Bupa has been conferred with top honor for technology maturity at the fourth edition of India...

Research on Fraud in Health Insurance...

Insurance Sector in India is expanding rapidly with stiff competition in the insurance industry....

 Indian millionaires are expected to grow at a strong pace- WealthInsight
Indian millionaires are expected to...

According to a new report from WealthInsight, Indian millionaires are expected to grow at a...

 Insurers to offer products exclusively through specific distribution channel
Insurers to offer products...

      Instead of selling the same insurance products across various distribution channels,...

Family floaters gain as healthcare costs rise
Family floaters gain as healthcare...

In a bid to cut down their health insurance bill, buyers are increasingly turning to family...

Private health insurers cover 65% policy holders
Private health insurers cover 65%...

Around 65 per cent of health insurance policy holders in the country are covered by private...

LIC buys Rs. 4,300 cr loans from 7 states
LIC buys Rs. 4,300 cr loans from 7...

Life Insurance Corporation of India (LIC) has bought debt worth about Rs 4,300 crore in state...

IRDA initiates study for group insurance policies
IRDA initiates study for group...

Insurance Regulatory and Development Authority of India has initiated a study regarding the...

Finance Ministry cancels IRDA order withdrawing third-party pool
Finance Ministry cancels IRDA order...

The finance ministry has rescinded the insurance regulator's decision to withdraw third party...

IRDA forms working group for simple products in general insurance
IRDA forms working group for simple...

IRDA has formed a working group to review 'File & Use' (F&U) guidelines to ensure...

IRDA may ask life insurers to tie up with repositories
IRDA may ask life insurers to tie up...

The Insurance Regulatory and Development Authority is likely to make it mandatory for life...

 Indian online insurance market size more than Rs. 700 cr : BCG Report
Indian online insurance market size...

The online insurance market in India is already in excess of Rs.700 crore. While life insurance...

Information Technology is quietly revolutionizing insurance distribution, helping increase consumer centricity, says Swiss Re sigma study
Information Technology is quietly...

      Technology is changing the way insurers and consumers interact, says Swiss Re's latest...

ACFE Report: Organizations Still not upto mark in Fraud Prevention
ACFE Report: Organizations Still not...

      Organizations around the world lose an estimated 5 percent of their annual revenues to...

Insurers in India tap GPS technology to offer onsite covers
Insurers in India tap GPS technology...

Insurers in India are making full use of technology to sell insurance policies. Few days back an...

Govt to form nuclear insurance pool to address liability issue
Govt to form nuclear insurance pool...

Moving to address the liability issue that has held up deals with various countries, the...

Insurance Ombudsman post in kolkata vacant since long
Insurance Ombudsman post in kolkata...

Insurance Ombudsman post in Kolkata lying vacant since long Insurance policyholders in the...

Reinsurance rates down by 20%: GIC Re
Reinsurance rates down by 20%: GIC Re

GIC Re has seen a softening of reinsurance rates in the contracts renewed in the last few months....

IndiaFirst Life continues its growth story; grows by 28% in FY 2013-14
IndiaFirst Life continues its growth...

  Customer focused products and processes help company grow amidst challenging times   Garners...

Reliance Insurance, UIDAI tie up for Aadhaar-based e-KYC
Reliance Insurance, UIDAI tie up for...

      With the intention to improve insurance penetration in the country, Reliance General...

Allahabad University plans insurance cover for students from next session
Allahabad University plans insurance...

      The Allahabad University has planned to start an insurance policy to cover every student...

Aviation insurance demand on the rise
Aviation insurance demand on the rise

  With the demand for covers for ground handling and aviation product liability insurance...

Direct Taxes Code 2013- KPMG INDIA

In August 2009, the Government unveiled the Direct Taxes Code, 2009 (DTC 2009) along with a...

MetLife Names Ralph Brunner as Chief Marketing Officer for Asia
MetLife Names Ralph Brunner as Chief...

      HONG KONG --MetLife, Inc. announced  that Ralph Brunner has joined the company as its Chief...

Claim is not payable if location is...

  Judgement   Ahmedabad Ombudsman Centre Case No. 11/ 005 / 0045 Shri. M. S. A. Kajalwala Vs...

The Experience rating method.

      All large individual risk rating is a form of experience rating as they need to reflect the...

The process of Individual risk rating...

        Generally, individual rating is done for various reasons, such as the price charged to...

How are the Rating Structure made in...

 All rates are based on various risk exposures that  insurance may face.  However the rate for...

Purposes of rate making in general...

      The purpose of rate making is to set the prices of insurance products in such a way...

THE ‘COMPLAINT-AS-GIFT’ STRATEGY THAT...

      INTRODUCTION: In this competitive insurance market in India, we need to become very much...

Global insured losses from catastrophes were USD 45 billion in 2013, Swiss Re sigma
Global insured losses from...

Global insured losses from catastrophes were USD 45 billion in 2013,according to Swiss Re sigma....

Fraudulent practices on a spurt in life insurance
Fraudulent practices on a spurt in...

  life insurance companies across the country are witnessing a sharp rise in cases of fraud and...

Insurance sector worried over high attrition rate
Insurance sector worried over high...

      Frontline staffs in the insurance sector  are making a flight to the IT, ITes and retail...

Life insurers treat suicides as natural deaths for hassle free claims
Life insurers treat suicides as...

To avoid hassle in settlement of claims life insurance companies in India consider suicides as...

Medical errors on the rise in Arabian Kingdom
Medical errors on the rise in Arabian...

  The Arabian Kingdom is looking to develop a system of accountability for medical errors in the...

Bajaj Allianz starts special campaign for easy  renewal of  lapsed policies
Bajaj Allianz starts special campaign...

      In a bid to provide assistance to policyholders to get lapsed policies renewed easily Bajaj...

Reliance Life insurance launches super money back plan
Reliance Life insurance launches...

      Reliance Life Insurance, recently launched its new offering 'Reliance Super Money Back...

 IRDA releases pilot version of hospital IDs
IRDA releases pilot version of...

  In an effort to streamline hospital listings a  pilot version of a unique hospital ID master...

New money back plans launched by LIC
New money back plans launched by LIC

      LIC's New Money Back Plans has been  launched .The plans are for 20years and 25 years term...

Star Health & Allied Insurance Co launches Diabetes Safe, new health insurance product
Star Health & Allied Insurance Co...

From a modest beginning of Rs.12.51 crore retail business in 2006-07, Star Health has now...

Citibank and Apollo Munich to target over 16 million households with specialized health insurance services
Citibank and Apollo Munich to target...

citibank India and Apollo Munich announced they will provide specialized health care services to...

NEED FOR INCREASING INSURANCE...

      Life is full of uncertainties - unpredictable and unforeseen. While these uncertainties...

NEW MILESTONES IN THE INDIAN HEALTH...

              The  Right to Health is as important as the Right of Education. India's...

Business centre heads of indian...

      Introduction: Whenever a Customer approaches you - These ten commandants as stated below is...

Indian Market Natural Catastrophe...

      A) Introduction In Asia - Pacific zones we are all witnessing unprecedented frequency and...

GROSS DIRECT PREMIUM UNDERWRITTEN FOR THE MONTH OF FEBRUARY, 2014 IN INDIA
GROSS DIRECT PREMIUM UNDERWRITTEN FOR...

  INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY FLASH FIGURES -- NON LIFE INSURERS GROSS DIRECT...

Commercial Insurance Coming of Age...

      Introduction Property & Casualty (P&C) insurance industry was highly impacted by...

Theoritical Insurance

      The caption of this article needs some explanation - to keep the readers - especially those...

Does Marine policy cover storage Risk

      Introduction: The client often approaches the underwriters to grant storage cover at the...

ENDEAVOUR TO REGULATE DETARIFFED...

Introduction: All of us are aware of the fact that with the enactment of the Insurance Regulatory...

INSURANCE & REINSURANCE Of...

 Introduction Acts of God perils or Natural Catastrophe perils are 'Insurable' so far as they are...

Micro Insurance- Progress Report in...

      Introduction Marsh defines micro insurance as insurance that is designed specifically for...

THE DEVIL IS IN THE "UNLIMITED...

  Indian laws on accident claims are quite stringent. The laws were formulated by prioritizing...

TITANIC, TP INSURANCE AND TARIFF

      1. Abstract 1-1. Back to basics- Cover -Liability and Premium 1-1-1. Whether the basic...

AN OVERVIEW OF MARINE INSURANCE

  Introduction The origins of modern marine insurance are to be found in the practices adopted by...

Mediclaim insurance for scribes by Bihar govt
Mediclaim insurance for scribes by...

      The Bihar government has recently launched Bihar Rajya Patrakar Bima Yojana- 2014 to...

Edelweiss Tokio Life Insurance launches Edelweiss Tokio Life – Wealth Builder
Edelweiss Tokio Life Insurance...

      Edelweiss Tokio Life Insurance, the life insurance arm of Edelweiss Financial Services Ltd...

ICICI Lombard unveiled cashless OPD insurance scheme
ICICI Lombard unveiled cashless OPD...

In a bid to facilitate the authentic time and stress free outpatients, ICICI Lombard General...

Severe dengue symptoms see surge in health insurance claims
Severe dengue symptoms see surge in...

      As per provisional data available from National Vector Borne Disease Control Program...

 LIC awarded in the Silver Category
LIC awarded in the Silver Category

      Life Insurance Corporation of India was awarded in the Silver Category. The award was...

Panel to update syllabus for insurance brokers by IRDA
Panel to update syllabus for...

      In an effort to cut down unauthorized and unqualified personnel's involvement in...

LIC organises 55th All India Sr. Divisional Mangers' Conference
LIC organises 55th All India Sr....

The 55th All India Sr. Divisional Managers' Conference, annual strategy meeting of LIC of India...

Bajaj Allianz General net profit...

 Bajaj Allianz General Insurance has posted a 37 per cent rise in profit after tax to Rs 562...

United India declares Rs. 301 cr profit

 United India Insurance Company has reported a profit after Tax of Rs 301 crore in 2014-15. The...

Domestic Travel Guard  from Tata AIG General Insurance
Domestic Travel Guard from Tata AIG...

  A holiday is for a great change away from home. But what do you do if you fall ill...

ICICI Pru Smart Life from ICICI Prudential Life Insurance
ICICI Pru Smart Life from ICICI...

  ICICI Prudential Life Insurance has launched a new dual protection unit linked insurance plan...

Micro Insurance - Will initiatives &...

Micro-Insurance - At the moment in practice:From its origin, the concept of insurance remains...

Sigma 1/2015: emerging markets ready...

The latest sigma study, Keeping healthy in the emerging markets: insurance can help (see download...

SBI take into service PwC for valuation, IAG supports Deloitte for JV
SBI take into service PwC for...

State Bank of India  is ardent to divest further stake in its foreign partner Insurance Australia...

Bharti's insurance ventures' zooms high
Bharti's insurance ventures' zooms high

The Bharti group's stake valuation has gone up multiple times in both life and general insurance...

Half of the world's rural population...

A recent ILO report  has revealed that more than half of the world's rural population (56 per...

LIC sets ambitious target for east zone
LIC sets ambitious target for east zone

With the back of a stronger product portfolio and tie-ups with the banks.The LIC is aiming for a...

LIC raises stake in Canara Bank, Bank of Baroda
LIC raises stake in Canara Bank, Bank...

The  Life Insurance Corporation (LIC) has raised stake in state-owned Canara Bank by about 7.7...

IRDAI mulling over e-Insurance

Earlier  the concept of E Insurance was piloted in paperless form through insurance repositories....

Global reinsurers firm steps in India...

After receiving licenses from the Insurance Regulatory and Development Authority of India which...

GDP in motor insurance to cross Rs....

The gross direct premium earned by general insurance companies from the motor vehicle industry in...

Insurance Demand

The Federation of West Bengal Trade Association has demanded that all markets owned by KMC should...

Popularizing Health Insurance through...

It was a wonderful spectacle to watch millions of people all over India taking to Yoga even...

Munich Re Confirms Riess as Future...

The Supervisory Board of ERGO Versicherungsgruppe AG has appointed Markus Riess to the ERGO Board...

Benett, Coleman to buy majority stake...

Religare Enterprises Ltd (Religare) has decided to sell its 44 percent stake in Aegon Religare...

A single-premium health cover for...

Insurance Regulatory & Development Authority of India (IRDAI)  is on the verge of drawing...

LIC : Towering over the rest

The top 10 insurance companies hold more than Rs 4.56 lakh crore in Indian equities. Life...

Not more than 10% paid-up shares in...

The IRDAI in lieu of the backdrop of the recent hike in the upper cap of foreign direct...

Insurers' valuations may sink

Valuations of insurance companies, tied to banks, are set to plunge, given the new distribution...

Best High Return Investment Options

  Investors often find themselves at cross roads while going through the various investment...

A Comprehensive Guide on Pension Plans

  The basic purpose of pension planning is to create a steady and stable source of income for the...

The importance of insurance to a...

  At times they may seem invincible, but in reality, multinational companies are just as...

Maximize Your Tax Savings in India

Reducing tax liability and maximizing savings in India can done by a three-pronged strategy...

Importance of Family Medical Health...

There has been a rise in lifestyle related diseases and the chances of passing them on to the...

Child Insurance Investment —...

Being a parent is the most responsible job in this world, and every parent has the duty of...

SBI Life Pledges Education to Cancer Affected Children
SBI Life Pledges Education to Cancer...

Taking its Corporate Social Responsibility initiative to newer heights, SBI Life Insurance...

IRDAI to dematerialize High-value insurance
IRDAI to dematerialize High-value...

The Regulator is planning to dematerialize the policies with an annual premium of Rs.50,000 for...

How to Identify Lost or Unclaimed...

  Lost or unclaimed insurance amount as the name suggests are the dormant policy amounts that are...

Health Insurance for Newborn Children...

The birth of a child is always an exciting affair with lots of joy and happiness. However, as a...

Travel Insurance  Policy from Bajaj Allianz General Insurance  Co. Ltd
Travel Insurance Policy from Bajaj...

      Studying abroad in a foreign land entails a lot of risk. Medical expenses in foreign...

Home Shield Insurance from Royal Sundaram Alliance Insurance
Home Shield Insurance from Royal...

      Home Shield is a comprehensive Home Insurance Policy which offers protection to your home...

Association of third party administrators seeks clarity
Association of third party...

The public interest litigation (PIL)  filed in the Bombay High Court by activist Gaurang Damani...

SC declares Compulsory retirement for misappropriation
SC declares Compulsory retirement for...

The Supreme Court has declared a  compulsory retirement to an LIC cashier for misappropriating...

IRDA asks Insurers to devise simple, low cost products
IRDA asks Insurers to devise simple,...

      In a review meeting which was held  on the performance of the public sector insurance...

Life insurers asked to submit data: IRDA
Life insurers asked to submit data: IRDA

The sectoral regulator IRDA has asked life insurance companies to submit data for the last four...

Benefits of Buying Term Life...

      Term life insurance policy is a kind of policy that offers coverage for a limited term (as...

Understanding Mediclaim Better –...

      Investing in a good medical insurance policy has become more crucial than ever, especially...

Disaster Management

      Disaster Management is the discipline of dealing with and avoiding risks. It is a...

E-mail spoofing using the domain irda.gov.org
E-mail spoofing using the domain...

From IRDA: It has come to our notice that certain unscrupulous entities/persons have allegedly...

POST GRADUATE DIPLOMA ON HEALTH INSURANCE IN COLLABORATION WITH UNIVERSITY OF MUMBAI
POST GRADUATE DIPLOMA ON HEALTH...

Health insurance has become a vital component of the Indian insurance industry and is growing at...

Deadline of 60 days for- Life insurance payouts
Deadline of 60 days for- Life...

      At present the mandate demands that all claims have to be settled within six months, and...

Tata AIA life joins hands with Citibank
Tata AIA life joins hands with Citibank

Tata AIA Life insurance company has entered into a bancassurance partnership with Citibank to...

One out of every five Private life Insurance claims rejected
One out of every five Private life...

Insurance Fraud has not been seriously addressed in India  Insurers say they are forced to...

LIC  lags private insurers in claims settlement
LIC lags private insurers in claims...

The Insurance Regulatory and Development Authority of India in its annual report 2013-14 has...

Higher FDI will benefit insurers: Moody's
Higher FDI will benefit insurers:...

      The  Moody's Investors Service believes that a higher foreign investment limit is "credit...

Govt staff, tax payers not eligible under PMJDY
Govt staff, tax payers not eligible...

The Financial Services Department of the Finance Ministry has prepared detailed guidelines for...

Excise duty in vehicles segment fades insurers' hope
Excise duty in vehicles segment fades...

The General  Insurance sector which had hoped for a revival of the sales of automobiles in the...

UII organizes mega insurance convention
UII organizes mega insurance convention

United India Insurance organized a mega insurance advisor's convention 'Make India Insure' in...

Benefit from the Income Tax Slabs for...

      When planning your finances, it is important for you to understand tax slabs and...

BMI & Insurance Rates - How does BMI...

BMI which is the body mass index is an important tool considered by insurance companies in...

Partners of Fraud Company Maples...

Kolkata: Partners of Maples Publications, Amit Gupta & Jitendra Malhotra has been arrested by...

Cigna TTK Health Insurance expands in 5 more cities
Cigna TTK Health Insurance expands in...

Cigna TTK Health Insurance a joint venture between U.S. based global health service leader, Cigna...

Bharti AXA Life launches ‘Elite Advantage’
Bharti AXA Life launches ‘Elite...

Bharti AXA Life Insurance, the private life insurance joint venture between Bharti Enterprises...

Go Paper less ! Secure all your Policies in electronic Insurance A/c (eIA), With SHCIL Insurance Repository (SHCIL-IR) absolutely FREE OF COST
Go Paper less ! Secure all your...

eIA stands for e-Insurance Account or “Electronic Insurance Account” which will safeguard the...

Karnataka Vikas Grameena Bank tiesup with IndiaFirst Life to offer insurance products
Karnataka Vikas Grameena Bank tiesup...

Karnataka Vikas Grameena Bank (KVGB) owned by Government-Sponsored by Syndicate Bank, one of the...

Future Generali India Life Insurance launches the Care Plus Plan
Future Generali India Life Insurance...

Future Generali India Life Insurance Company Limited (FGILI), a joint venture between Future...

Solved Paper for General Insurance Accounts and Regulation of Investment IC46 for associateship
Solved Paper for General Insurance...

Launching of Guide Book for IC46 Plus Mock Test                   Guide...

Get FREE E-Insurance Account
Get FREE E-Insurance Account

You have been enjoying the benefits of Demat account and would have experienced the ease and...

2014 Budget Speech Extracts of Sri Arun Jaitely, Finance Minister, India relating to Direct Tax Proposals
2014 Budget Speech Extracts of Sri...

I do not propose to make any change in the tax rate.  However, with a view to provide relief to...

Budget 2014 - Highlights for Insurance Sector
Budget 2014 - Highlights for...

Budget Speech By Sri Arun Jaitely, Finance Minister The Insurance sector is investment starved....

Budget Reactions from Future Generali India
Budget Reactions from Future Generali...

“The budget announcement on increasing FDI cap in insurance to 49% is a positive step forward. We...

Budget Reaction - Mr. Antony Jacob, CEO, Apollo Munich Health Insurance
Budget Reaction - Mr. Antony Jacob,...

Today's Union Budget speech has certainly brought good news for the insurance sector by the...

Future Generali India Insurance ties up with Punjab & Maharashtra Co-operative Bank
Future Generali India Insurance ties...

Future Generali India Insurance, a joint venture between India’s leading retailer Future Group...

Max Bupa wins the technology award at the fourth edition of India Insurance Awards
Max Bupa wins the technology award at...

Max Bupa has been conferred with top honor for technology maturity at the fourth edition of India...

Research on Fraud in Health Insurance...

Insurance Sector in India is expanding rapidly with stiff competition in the insurance industry....

 Indian millionaires are expected to grow at a strong pace- WealthInsight
Indian millionaires are expected to...

According to a new report from WealthInsight, Indian millionaires are expected to grow at a...

 Insurers to offer products exclusively through specific distribution channel
Insurers to offer products...

      Instead of selling the same insurance products across various distribution channels,...

Family floaters gain as healthcare costs rise
Family floaters gain as healthcare...

In a bid to cut down their health insurance bill, buyers are increasingly turning to family...

Private health insurers cover 65% policy holders
Private health insurers cover 65%...

Around 65 per cent of health insurance policy holders in the country are covered by private...

LIC buys Rs. 4,300 cr loans from 7 states
LIC buys Rs. 4,300 cr loans from 7...

Life Insurance Corporation of India (LIC) has bought debt worth about Rs 4,300 crore in state...

IRDA initiates study for group insurance policies
IRDA initiates study for group...

Insurance Regulatory and Development Authority of India has initiated a study regarding the...

Finance Ministry cancels IRDA order withdrawing third-party pool
Finance Ministry cancels IRDA order...

The finance ministry has rescinded the insurance regulator's decision to withdraw third party...

IRDA forms working group for simple products in general insurance
IRDA forms working group for simple...

IRDA has formed a working group to review 'File & Use' (F&U) guidelines to ensure...

IRDA may ask life insurers to tie up with repositories
IRDA may ask life insurers to tie up...

The Insurance Regulatory and Development Authority is likely to make it mandatory for life...

 Indian online insurance market size more than Rs. 700 cr : BCG Report
Indian online insurance market size...

The online insurance market in India is already in excess of Rs.700 crore. While life insurance...

Information Technology is quietly revolutionizing insurance distribution, helping increase consumer centricity, says Swiss Re sigma study
Information Technology is quietly...

      Technology is changing the way insurers and consumers interact, says Swiss Re's latest...

ACFE Report: Organizations Still not upto mark in Fraud Prevention
ACFE Report: Organizations Still not...

      Organizations around the world lose an estimated 5 percent of their annual revenues to...

Insurers in India tap GPS technology to offer onsite covers
Insurers in India tap GPS technology...

Insurers in India are making full use of technology to sell insurance policies. Few days back an...

Govt to form nuclear insurance pool to address liability issue
Govt to form nuclear insurance pool...

Moving to address the liability issue that has held up deals with various countries, the...

Insurance Ombudsman post in kolkata vacant since long
Insurance Ombudsman post in kolkata...

Insurance Ombudsman post in Kolkata lying vacant since long Insurance policyholders in the...

Reinsurance rates down by 20%: GIC Re
Reinsurance rates down by 20%: GIC Re

GIC Re has seen a softening of reinsurance rates in the contracts renewed in the last few months....

IndiaFirst Life continues its growth story; grows by 28% in FY 2013-14
IndiaFirst Life continues its growth...

  Customer focused products and processes help company grow amidst challenging times   Garners...

Reliance Insurance, UIDAI tie up for Aadhaar-based e-KYC
Reliance Insurance, UIDAI tie up for...

      With the intention to improve insurance penetration in the country, Reliance General...

Allahabad University plans insurance cover for students from next session
Allahabad University plans insurance...

      The Allahabad University has planned to start an insurance policy to cover every student...

Aviation insurance demand on the rise
Aviation insurance demand on the rise

  With the demand for covers for ground handling and aviation product liability insurance...

Direct Taxes Code 2013- KPMG INDIA

In August 2009, the Government unveiled the Direct Taxes Code, 2009 (DTC 2009) along with a...

MetLife Names Ralph Brunner as Chief Marketing Officer for Asia
MetLife Names Ralph Brunner as Chief...

      HONG KONG --MetLife, Inc. announced  that Ralph Brunner has joined the company as its Chief...

Claim is not payable if location is...

  Judgement   Ahmedabad Ombudsman Centre Case No. 11/ 005 / 0045 Shri. M. S. A. Kajalwala Vs...

The Experience rating method.

      All large individual risk rating is a form of experience rating as they need to reflect the...

The process of Individual risk rating...

        Generally, individual rating is done for various reasons, such as the price charged to...

How are the Rating Structure made in...

 All rates are based on various risk exposures that  insurance may face.  However the rate for...

Purposes of rate making in general...

      The purpose of rate making is to set the prices of insurance products in such a way...

THE ‘COMPLAINT-AS-GIFT’ STRATEGY THAT...

      INTRODUCTION: In this competitive insurance market in India, we need to become very much...

Global insured losses from catastrophes were USD 45 billion in 2013, Swiss Re sigma
Global insured losses from...

Global insured losses from catastrophes were USD 45 billion in 2013,according to Swiss Re sigma....

Fraudulent practices on a spurt in life insurance
Fraudulent practices on a spurt in...

  life insurance companies across the country are witnessing a sharp rise in cases of fraud and...

Insurance sector worried over high attrition rate
Insurance sector worried over high...

      Frontline staffs in the insurance sector  are making a flight to the IT, ITes and retail...

Life insurers treat suicides as natural deaths for hassle free claims
Life insurers treat suicides as...

To avoid hassle in settlement of claims life insurance companies in India consider suicides as...

Medical errors on the rise in Arabian Kingdom
Medical errors on the rise in Arabian...

  The Arabian Kingdom is looking to develop a system of accountability for medical errors in the...

Bajaj Allianz starts special campaign for easy  renewal of  lapsed policies
Bajaj Allianz starts special campaign...

      In a bid to provide assistance to policyholders to get lapsed policies renewed easily Bajaj...

Reliance Life insurance launches super money back plan
Reliance Life insurance launches...

      Reliance Life Insurance, recently launched its new offering 'Reliance Super Money Back...

 IRDA releases pilot version of hospital IDs
IRDA releases pilot version of...

  In an effort to streamline hospital listings a  pilot version of a unique hospital ID master...

New money back plans launched by LIC
New money back plans launched by LIC

      LIC's New Money Back Plans has been  launched .The plans are for 20years and 25 years term...

Star Health & Allied Insurance Co launches Diabetes Safe, new health insurance product
Star Health & Allied Insurance Co...

From a modest beginning of Rs.12.51 crore retail business in 2006-07, Star Health has now...

Citibank and Apollo Munich to target over 16 million households with specialized health insurance services
Citibank and Apollo Munich to target...

citibank India and Apollo Munich announced they will provide specialized health care services to...

NEED FOR INCREASING INSURANCE...

      Life is full of uncertainties - unpredictable and unforeseen. While these uncertainties...

NEW MILESTONES IN THE INDIAN HEALTH...

              The  Right to Health is as important as the Right of Education. India's...

Business centre heads of indian...

      Introduction: Whenever a Customer approaches you - These ten commandants as stated below is...

Indian Market Natural Catastrophe...

      A) Introduction In Asia - Pacific zones we are all witnessing unprecedented frequency and...

GROSS DIRECT PREMIUM UNDERWRITTEN FOR THE MONTH OF FEBRUARY, 2014 IN INDIA
GROSS DIRECT PREMIUM UNDERWRITTEN FOR...

  INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY FLASH FIGURES -- NON LIFE INSURERS GROSS DIRECT...

Commercial Insurance Coming of Age...

      Introduction Property & Casualty (P&C) insurance industry was highly impacted by...

Theoritical Insurance

      The caption of this article needs some explanation - to keep the readers - especially those...

Does Marine policy cover storage Risk

      Introduction: The client often approaches the underwriters to grant storage cover at the...

ENDEAVOUR TO REGULATE DETARIFFED...

Introduction: All of us are aware of the fact that with the enactment of the Insurance Regulatory...

INSURANCE & REINSURANCE Of...

 Introduction Acts of God perils or Natural Catastrophe perils are 'Insurable' so far as they are...

Micro Insurance- Progress Report in...

      Introduction Marsh defines micro insurance as insurance that is designed specifically for...

THE DEVIL IS IN THE "UNLIMITED...

  Indian laws on accident claims are quite stringent. The laws were formulated by prioritizing...

TITANIC, TP INSURANCE AND TARIFF

      1. Abstract 1-1. Back to basics- Cover -Liability and Premium 1-1-1. Whether the basic...

AN OVERVIEW OF MARINE INSURANCE

  Introduction The origins of modern marine insurance are to be found in the practices adopted by...

LIC organises 55th All India Sr. Divisional Mangers' Conference
LIC organises 55th All India Sr....

The 55th All India Sr. Divisional Managers' Conference, annual strategy meeting of LIC of India...

Bajaj Allianz General net profit...

 Bajaj Allianz General Insurance has posted a 37 per cent rise in profit after tax to Rs 562...

United India declares Rs. 301 cr profit

 United India Insurance Company has reported a profit after Tax of Rs 301 crore in 2014-15. The...

Domestic Travel Guard  from Tata AIG General Insurance
Domestic Travel Guard from Tata AIG...

  A holiday is for a great change away from home. But what do you do if you fall ill...

ICICI Pru Smart Life from ICICI Prudential Life Insurance
ICICI Pru Smart Life from ICICI...

  ICICI Prudential Life Insurance has launched a new dual protection unit linked insurance plan...

Micro Insurance - Will initiatives &...

Micro-Insurance - At the moment in practice:From its origin, the concept of insurance remains...

Sigma 1/2015: emerging markets ready...

The latest sigma study, Keeping healthy in the emerging markets: insurance can help (see download...

SBI take into service PwC for valuation, IAG supports Deloitte for JV
SBI take into service PwC for...

State Bank of India  is ardent to divest further stake in its foreign partner Insurance Australia...

Bharti's insurance ventures' zooms high
Bharti's insurance ventures' zooms high

The Bharti group's stake valuation has gone up multiple times in both life and general insurance...

Half of the world's rural population...

A recent ILO report  has revealed that more than half of the world's rural population (56 per...

LIC sets ambitious target for east zone
LIC sets ambitious target for east zone

With the back of a stronger product portfolio and tie-ups with the banks.The LIC is aiming for a...

LIC raises stake in Canara Bank, Bank of Baroda
LIC raises stake in Canara Bank, Bank...

The  Life Insurance Corporation (LIC) has raised stake in state-owned Canara Bank by about 7.7...

IRDAI mulling over e-Insurance

Earlier  the concept of E Insurance was piloted in paperless form through insurance repositories....

Global reinsurers firm steps in India...

After receiving licenses from the Insurance Regulatory and Development Authority of India which...

GDP in motor insurance to cross Rs....

The gross direct premium earned by general insurance companies from the motor vehicle industry in...

Insurance Demand

The Federation of West Bengal Trade Association has demanded that all markets owned by KMC should...

Popularizing Health Insurance through...

It was a wonderful spectacle to watch millions of people all over India taking to Yoga even...

Munich Re Confirms Riess as Future...

The Supervisory Board of ERGO Versicherungsgruppe AG has appointed Markus Riess to the ERGO Board...

Benett, Coleman to buy majority stake...

Religare Enterprises Ltd (Religare) has decided to sell its 44 percent stake in Aegon Religare...

A single-premium health cover for...

Insurance Regulatory & Development Authority of India (IRDAI)  is on the verge of drawing...

LIC : Towering over the rest

The top 10 insurance companies hold more than Rs 4.56 lakh crore in Indian equities. Life...

Not more than 10% paid-up shares in...

The IRDAI in lieu of the backdrop of the recent hike in the upper cap of foreign direct...

Insurers' valuations may sink

Valuations of insurance companies, tied to banks, are set to plunge, given the new distribution...

Best High Return Investment Options

  Investors often find themselves at cross roads while going through the various investment...

A Comprehensive Guide on Pension Plans

  The basic purpose of pension planning is to create a steady and stable source of income for the...

The importance of insurance to a...

  At times they may seem invincible, but in reality, multinational companies are just as...

Maximize Your Tax Savings in India

Reducing tax liability and maximizing savings in India can done by a three-pronged strategy...

Importance of Family Medical Health...

There has been a rise in lifestyle related diseases and the chances of passing them on to the...

Child Insurance Investment —...

Being a parent is the most responsible job in this world, and every parent has the duty of...

SBI Life Pledges Education to Cancer Affected Children
SBI Life Pledges Education to Cancer...

Taking its Corporate Social Responsibility initiative to newer heights, SBI Life Insurance...

IRDAI to dematerialize High-value insurance
IRDAI to dematerialize High-value...

The Regulator is planning to dematerialize the policies with an annual premium of Rs.50,000 for...

How to Identify Lost or Unclaimed...

  Lost or unclaimed insurance amount as the name suggests are the dormant policy amounts that are...

Health Insurance for Newborn Children...

The birth of a child is always an exciting affair with lots of joy and happiness. However, as a...

Travel Insurance  Policy from Bajaj Allianz General Insurance  Co. Ltd
Travel Insurance Policy from Bajaj...

      Studying abroad in a foreign land entails a lot of risk. Medical expenses in foreign...

Home Shield Insurance from Royal Sundaram Alliance Insurance
Home Shield Insurance from Royal...

      Home Shield is a comprehensive Home Insurance Policy which offers protection to your home...

Association of third party administrators seeks clarity
Association of third party...

The public interest litigation (PIL)  filed in the Bombay High Court by activist Gaurang Damani...

SC declares Compulsory retirement for misappropriation
SC declares Compulsory retirement for...

The Supreme Court has declared a  compulsory retirement to an LIC cashier for misappropriating...

IRDA asks Insurers to devise simple, low cost products
IRDA asks Insurers to devise simple,...

      In a review meeting which was held  on the performance of the public sector insurance...

Life insurers asked to submit data: IRDA
Life insurers asked to submit data: IRDA

The sectoral regulator IRDA has asked life insurance companies to submit data for the last four...

Benefits of Buying Term Life...

      Term life insurance policy is a kind of policy that offers coverage for a limited term (as...

Understanding Mediclaim Better –...

      Investing in a good medical insurance policy has become more crucial than ever, especially...

Disaster Management

      Disaster Management is the discipline of dealing with and avoiding risks. It is a...

E-mail spoofing using the domain irda.gov.org
E-mail spoofing using the domain...

From IRDA: It has come to our notice that certain unscrupulous entities/persons have allegedly...

POST GRADUATE DIPLOMA ON HEALTH INSURANCE IN COLLABORATION WITH UNIVERSITY OF MUMBAI
POST GRADUATE DIPLOMA ON HEALTH...

Health insurance has become a vital component of the Indian insurance industry and is growing at...

Deadline of 60 days for- Life insurance payouts
Deadline of 60 days for- Life...

      At present the mandate demands that all claims have to be settled within six months, and...

Tata AIA life joins hands with Citibank
Tata AIA life joins hands with Citibank

Tata AIA Life insurance company has entered into a bancassurance partnership with Citibank to...

One out of every five Private life Insurance claims rejected
One out of every five Private life...

Insurance Fraud has not been seriously addressed in India  Insurers say they are forced to...

LIC  lags private insurers in claims settlement
LIC lags private insurers in claims...

The Insurance Regulatory and Development Authority of India in its annual report 2013-14 has...

Higher FDI will benefit insurers: Moody's
Higher FDI will benefit insurers:...

      The  Moody's Investors Service believes that a higher foreign investment limit is "credit...

Govt staff, tax payers not eligible under PMJDY
Govt staff, tax payers not eligible...

The Financial Services Department of the Finance Ministry has prepared detailed guidelines for...

Excise duty in vehicles segment fades insurers' hope
Excise duty in vehicles segment fades...

The General  Insurance sector which had hoped for a revival of the sales of automobiles in the...

UII organizes mega insurance convention
UII organizes mega insurance convention

United India Insurance organized a mega insurance advisor's convention 'Make India Insure' in...

Benefit from the Income Tax Slabs for...

      When planning your finances, it is important for you to understand tax slabs and...

BMI & Insurance Rates - How does BMI...

BMI which is the body mass index is an important tool considered by insurance companies in...

Partners of Fraud Company Maples...

Kolkata: Partners of Maples Publications, Amit Gupta & Jitendra Malhotra has been arrested by...

Cigna TTK Health Insurance expands in 5 more cities
Cigna TTK Health Insurance expands in...

Cigna TTK Health Insurance a joint venture between U.S. based global health service leader, Cigna...

Bharti AXA Life launches ‘Elite Advantage’
Bharti AXA Life launches ‘Elite...

Bharti AXA Life Insurance, the private life insurance joint venture between Bharti Enterprises...

Go Paper less ! Secure all your Policies in electronic Insurance A/c (eIA), With SHCIL Insurance Repository (SHCIL-IR) absolutely FREE OF COST
Go Paper less ! Secure all your...

eIA stands for e-Insurance Account or “Electronic Insurance Account” which will safeguard the...

Karnataka Vikas Grameena Bank tiesup with IndiaFirst Life to offer insurance products
Karnataka Vikas Grameena Bank tiesup...

Karnataka Vikas Grameena Bank (KVGB) owned by Government-Sponsored by Syndicate Bank, one of the...

Future Generali India Life Insurance launches the Care Plus Plan
Future Generali India Life Insurance...

Future Generali India Life Insurance Company Limited (FGILI), a joint venture between Future...

Solved Paper for General Insurance Accounts and Regulation of Investment IC46 for associateship
Solved Paper for General Insurance...

Launching of Guide Book for IC46 Plus Mock Test                   Guide...

Get FREE E-Insurance Account
Get FREE E-Insurance Account

You have been enjoying the benefits of Demat account and would have experienced the ease and...

2014 Budget Speech Extracts of Sri Arun Jaitely, Finance Minister, India relating to Direct Tax Proposals
2014 Budget Speech Extracts of Sri...

I do not propose to make any change in the tax rate.  However, with a view to provide relief to...

Budget 2014 - Highlights for Insurance Sector
Budget 2014 - Highlights for...

Budget Speech By Sri Arun Jaitely, Finance Minister The Insurance sector is investment starved....

Budget Reactions from Future Generali India
Budget Reactions from Future Generali...

“The budget announcement on increasing FDI cap in insurance to 49% is a positive step forward. We...

Budget Reaction - Mr. Antony Jacob, CEO, Apollo Munich Health Insurance
Budget Reaction - Mr. Antony Jacob,...

Today's Union Budget speech has certainly brought good news for the insurance sector by the...

Future Generali India Insurance ties up with Punjab & Maharashtra Co-operative Bank
Future Generali India Insurance ties...

Future Generali India Insurance, a joint venture between India’s leading retailer Future Group...

Max Bupa wins the technology award at the fourth edition of India Insurance Awards
Max Bupa wins the technology award at...

Max Bupa has been conferred with top honor for technology maturity at the fourth edition of India...

Research on Fraud in Health Insurance...

Insurance Sector in India is expanding rapidly with stiff competition in the insurance industry....

 Indian millionaires are expected to grow at a strong pace- WealthInsight
Indian millionaires are expected to...

According to a new report from WealthInsight, Indian millionaires are expected to grow at a...

 Insurers to offer products exclusively through specific distribution channel
Insurers to offer products...

      Instead of selling the same insurance products across various distribution channels,...

Family floaters gain as healthcare costs rise
Family floaters gain as healthcare...

In a bid to cut down their health insurance bill, buyers are increasingly turning to family...

Private health insurers cover 65% policy holders
Private health insurers cover 65%...

Around 65 per cent of health insurance policy holders in the country are covered by private...

LIC buys Rs. 4,300 cr loans from 7 states
LIC buys Rs. 4,300 cr loans from 7...

Life Insurance Corporation of India (LIC) has bought debt worth about Rs 4,300 crore in state...

IRDA initiates study for group insurance policies
IRDA initiates study for group...

Insurance Regulatory and Development Authority of India has initiated a study regarding the...

Finance Ministry cancels IRDA order withdrawing third-party pool
Finance Ministry cancels IRDA order...

The finance ministry has rescinded the insurance regulator's decision to withdraw third party...

IRDA forms working group for simple products in general insurance
IRDA forms working group for simple...

IRDA has formed a working group to review 'File & Use' (F&U) guidelines to ensure...

IRDA may ask life insurers to tie up with repositories
IRDA may ask life insurers to tie up...

The Insurance Regulatory and Development Authority is likely to make it mandatory for life...

 Indian online insurance market size more than Rs. 700 cr : BCG Report
Indian online insurance market size...

The online insurance market in India is already in excess of Rs.700 crore. While life insurance...

Information Technology is quietly revolutionizing insurance distribution, helping increase consumer centricity, says Swiss Re sigma study
Information Technology is quietly...

      Technology is changing the way insurers and consumers interact, says Swiss Re's latest...

ACFE Report: Organizations Still not upto mark in Fraud Prevention
ACFE Report: Organizations Still not...

      Organizations around the world lose an estimated 5 percent of their annual revenues to...

Insurers in India tap GPS technology to offer onsite covers
Insurers in India tap GPS technology...

Insurers in India are making full use of technology to sell insurance policies. Few days back an...

Govt to form nuclear insurance pool to address liability issue
Govt to form nuclear insurance pool...

Moving to address the liability issue that has held up deals with various countries, the...

Insurance Ombudsman post in kolkata vacant since long
Insurance Ombudsman post in kolkata...

Insurance Ombudsman post in Kolkata lying vacant since long Insurance policyholders in the...

Reinsurance rates down by 20%: GIC Re
Reinsurance rates down by 20%: GIC Re

GIC Re has seen a softening of reinsurance rates in the contracts renewed in the last few months....

IndiaFirst Life continues its growth story; grows by 28% in FY 2013-14
IndiaFirst Life continues its growth...

  Customer focused products and processes help company grow amidst challenging times   Garners...

Reliance Insurance, UIDAI tie up for Aadhaar-based e-KYC
Reliance Insurance, UIDAI tie up for...

      With the intention to improve insurance penetration in the country, Reliance General...

Allahabad University plans insurance cover for students from next session
Allahabad University plans insurance...

      The Allahabad University has planned to start an insurance policy to cover every student...

Aviation insurance demand on the rise
Aviation insurance demand on the rise

  With the demand for covers for ground handling and aviation product liability insurance...

Direct Taxes Code 2013- KPMG INDIA

In August 2009, the Government unveiled the Direct Taxes Code, 2009 (DTC 2009) along with a...

MetLife Names Ralph Brunner as Chief Marketing Officer for Asia
MetLife Names Ralph Brunner as Chief...

      HONG KONG --MetLife, Inc. announced  that Ralph Brunner has joined the company as its Chief...

Claim is not payable if location is...

  Judgement   Ahmedabad Ombudsman Centre Case No. 11/ 005 / 0045 Shri. M. S. A. Kajalwala Vs...

The Experience rating method.

      All large individual risk rating is a form of experience rating as they need to reflect the...

The process of Individual risk rating...

        Generally, individual rating is done for various reasons, such as the price charged to...

LIC organises 55th All India Sr. Divisional Mangers' Conference
LIC organises 55th All India Sr....

The 55th All India Sr. Divisional Managers' Conference, annual strategy meeting of LIC of India...

Bajaj Allianz General net profit...

 Bajaj Allianz General Insurance has posted a 37 per cent rise in profit after tax to Rs 562...

United India declares Rs. 301 cr profit

 United India Insurance Company has reported a profit after Tax of Rs 301 crore in 2014-15. The...

Domestic Travel Guard  from Tata AIG General Insurance
Domestic Travel Guard from Tata AIG...

  A holiday is for a great change away from home. But what do you do if you fall ill...

ICICI Pru Smart Life from ICICI Prudential Life Insurance
ICICI Pru Smart Life from ICICI...

  ICICI Prudential Life Insurance has launched a new dual protection unit linked insurance plan...

Micro Insurance - Will initiatives &...

Micro-Insurance - At the moment in practice:From its origin, the concept of insurance remains...

Sigma 1/2015: emerging markets ready...

The latest sigma study, Keeping healthy in the emerging markets: insurance can help (see download...

SBI take into service PwC for valuation, IAG supports Deloitte for JV
SBI take into service PwC for...

State Bank of India  is ardent to divest further stake in its foreign partner Insurance Australia...

Bharti's insurance ventures' zooms high
Bharti's insurance ventures' zooms high

The Bharti group's stake valuation has gone up multiple times in both life and general insurance...

Half of the world's rural population...

A recent ILO report  has revealed that more than half of the world's rural population (56 per...

LIC sets ambitious target for east zone
LIC sets ambitious target for east zone

With the back of a stronger product portfolio and tie-ups with the banks.The LIC is aiming for a...

LIC raises stake in Canara Bank, Bank of Baroda
LIC raises stake in Canara Bank, Bank...

The  Life Insurance Corporation (LIC) has raised stake in state-owned Canara Bank by about 7.7...

IRDAI mulling over e-Insurance

Earlier  the concept of E Insurance was piloted in paperless form through insurance repositories....

Global reinsurers firm steps in India...

After receiving licenses from the Insurance Regulatory and Development Authority of India which...

GDP in motor insurance to cross Rs....

The gross direct premium earned by general insurance companies from the motor vehicle industry in...

Insurance Demand

The Federation of West Bengal Trade Association has demanded that all markets owned by KMC should...

Popularizing Health Insurance through...

It was a wonderful spectacle to watch millions of people all over India taking to Yoga even...

Munich Re Confirms Riess as Future...

The Supervisory Board of ERGO Versicherungsgruppe AG has appointed Markus Riess to the ERGO Board...

Benett, Coleman to buy majority stake...

Religare Enterprises Ltd (Religare) has decided to sell its 44 percent stake in Aegon Religare...

A single-premium health cover for...

Insurance Regulatory & Development Authority of India (IRDAI)  is on the verge of drawing...

LIC : Towering over the rest

The top 10 insurance companies hold more than Rs 4.56 lakh crore in Indian equities. Life...

Not more than 10% paid-up shares in...

The IRDAI in lieu of the backdrop of the recent hike in the upper cap of foreign direct...

Insurers' valuations may sink

Valuations of insurance companies, tied to banks, are set to plunge, given the new distribution...

Best High Return Investment Options

  Investors often find themselves at cross roads while going through the various investment...

A Comprehensive Guide on Pension Plans

  The basic purpose of pension planning is to create a steady and stable source of income for the...

The importance of insurance to a...

  At times they may seem invincible, but in reality, multinational companies are just as...

Maximize Your Tax Savings in India

Reducing tax liability and maximizing savings in India can done by a three-pronged strategy...

Importance of Family Medical Health...

There has been a rise in lifestyle related diseases and the chances of passing them on to the...

Child Insurance Investment —...

Being a parent is the most responsible job in this world, and every parent has the duty of...

SBI Life Pledges Education to Cancer Affected Children
SBI Life Pledges Education to Cancer...

Taking its Corporate Social Responsibility initiative to newer heights, SBI Life Insurance...

IRDAI to dematerialize High-value insurance
IRDAI to dematerialize High-value...

The Regulator is planning to dematerialize the policies with an annual premium of Rs.50,000 for...

How to Identify Lost or Unclaimed...

  Lost or unclaimed insurance amount as the name suggests are the dormant policy amounts that are...

Health Insurance for Newborn Children...

The birth of a child is always an exciting affair with lots of joy and happiness. However, as a...

Travel Insurance  Policy from Bajaj Allianz General Insurance  Co. Ltd
Travel Insurance Policy from Bajaj...

      Studying abroad in a foreign land entails a lot of risk. Medical expenses in foreign...

Home Shield Insurance from Royal Sundaram Alliance Insurance
Home Shield Insurance from Royal...

      Home Shield is a comprehensive Home Insurance Policy which offers protection to your home...

Association of third party administrators seeks clarity
Association of third party...

The public interest litigation (PIL)  filed in the Bombay High Court by activist Gaurang Damani...

SC declares Compulsory retirement for misappropriation
SC declares Compulsory retirement for...

The Supreme Court has declared a  compulsory retirement to an LIC cashier for misappropriating...

IRDA asks Insurers to devise simple, low cost products
IRDA asks Insurers to devise simple,...

      In a review meeting which was held  on the performance of the public sector insurance...

Life insurers asked to submit data: IRDA
Life insurers asked to submit data: IRDA

The sectoral regulator IRDA has asked life insurance companies to submit data for the last four...

Benefits of Buying Term Life...

      Term life insurance policy is a kind of policy that offers coverage for a limited term (as...

Understanding Mediclaim Better –...

      Investing in a good medical insurance policy has become more crucial than ever, especially...

Disaster Management

      Disaster Management is the discipline of dealing with and avoiding risks. It is a...

E-mail spoofing using the domain irda.gov.org
E-mail spoofing using the domain...

From IRDA: It has come to our notice that certain unscrupulous entities/persons have allegedly...

POST GRADUATE DIPLOMA ON HEALTH INSURANCE IN COLLABORATION WITH UNIVERSITY OF MUMBAI
POST GRADUATE DIPLOMA ON HEALTH...

Health insurance has become a vital component of the Indian insurance industry and is growing at...

Deadline of 60 days for- Life insurance payouts
Deadline of 60 days for- Life...

      At present the mandate demands that all claims have to be settled within six months, and...

Tata AIA life joins hands with Citibank
Tata AIA life joins hands with Citibank

Tata AIA Life insurance company has entered into a bancassurance partnership with Citibank to...

One out of every five Private life Insurance claims rejected
One out of every five Private life...

Insurance Fraud has not been seriously addressed in India  Insurers say they are forced to...

LIC  lags private insurers in claims settlement
LIC lags private insurers in claims...

The Insurance Regulatory and Development Authority of India in its annual report 2013-14 has...

Higher FDI will benefit insurers: Moody's
Higher FDI will benefit insurers:...

      The  Moody's Investors Service believes that a higher foreign investment limit is "credit...

Govt staff, tax payers not eligible under PMJDY
Govt staff, tax payers not eligible...

The Financial Services Department of the Finance Ministry has prepared detailed guidelines for...

Excise duty in vehicles segment fades insurers' hope
Excise duty in vehicles segment fades...

The General  Insurance sector which had hoped for a revival of the sales of automobiles in the...

UII organizes mega insurance convention
UII organizes mega insurance convention

United India Insurance organized a mega insurance advisor's convention 'Make India Insure' in...

Benefit from the Income Tax Slabs for...

      When planning your finances, it is important for you to understand tax slabs and...

BMI & Insurance Rates - How does BMI...

BMI which is the body mass index is an important tool considered by insurance companies in...

Partners of Fraud Company Maples...

Kolkata: Partners of Maples Publications, Amit Gupta & Jitendra Malhotra has been arrested by...

Cigna TTK Health Insurance expands in 5 more cities
Cigna TTK Health Insurance expands in...

Cigna TTK Health Insurance a joint venture between U.S. based global health service leader, Cigna...

Bharti AXA Life launches ‘Elite Advantage’
Bharti AXA Life launches ‘Elite...

Bharti AXA Life Insurance, the private life insurance joint venture between Bharti Enterprises...

Go Paper less ! Secure all your Policies in electronic Insurance A/c (eIA), With SHCIL Insurance Repository (SHCIL-IR) absolutely FREE OF COST
Go Paper less ! Secure all your...

eIA stands for e-Insurance Account or “Electronic Insurance Account” which will safeguard the...

Karnataka Vikas Grameena Bank tiesup with IndiaFirst Life to offer insurance products
Karnataka Vikas Grameena Bank tiesup...

Karnataka Vikas Grameena Bank (KVGB) owned by Government-Sponsored by Syndicate Bank, one of the...

Future Generali India Life Insurance launches the Care Plus Plan
Future Generali India Life Insurance...

Future Generali India Life Insurance Company Limited (FGILI), a joint venture between Future...

Solved Paper for General Insurance Accounts and Regulation of Investment IC46 for associateship
Solved Paper for General Insurance...

Launching of Guide Book for IC46 Plus Mock Test                   Guide...

Get FREE E-Insurance Account
Get FREE E-Insurance Account

You have been enjoying the benefits of Demat account and would have experienced the ease and...

2014 Budget Speech Extracts of Sri Arun Jaitely, Finance Minister, India relating to Direct Tax Proposals
2014 Budget Speech Extracts of Sri...

I do not propose to make any change in the tax rate.  However, with a view to provide relief to...

Budget 2014 - Highlights for Insurance Sector
Budget 2014 - Highlights for...

Budget Speech By Sri Arun Jaitely, Finance Minister The Insurance sector is investment starved....

Budget Reactions from Future Generali India
Budget Reactions from Future Generali...

“The budget announcement on increasing FDI cap in insurance to 49% is a positive step forward. We...

Budget Reaction - Mr. Antony Jacob, CEO, Apollo Munich Health Insurance
Budget Reaction - Mr. Antony Jacob,...

Today's Union Budget speech has certainly brought good news for the insurance sector by the...

Future Generali India Insurance ties up with Punjab & Maharashtra Co-operative Bank
Future Generali India Insurance ties...

Future Generali India Insurance, a joint venture between India’s leading retailer Future Group...

Max Bupa wins the technology award at the fourth edition of India Insurance Awards
Max Bupa wins the technology award at...

Max Bupa has been conferred with top honor for technology maturity at the fourth edition of India...

Research on Fraud in Health Insurance...

Insurance Sector in India is expanding rapidly with stiff competition in the insurance industry....

 Indian millionaires are expected to grow at a strong pace- WealthInsight
Indian millionaires are expected to...

According to a new report from WealthInsight, Indian millionaires are expected to grow at a...

 Insurers to offer products exclusively through specific distribution channel
Insurers to offer products...

      Instead of selling the same insurance products across various distribution channels,...

Family floaters gain as healthcare costs rise
Family floaters gain as healthcare...

In a bid to cut down their health insurance bill, buyers are increasingly turning to family...

Private health insurers cover 65% policy holders
Private health insurers cover 65%...

Around 65 per cent of health insurance policy holders in the country are covered by private...

LIC buys Rs. 4,300 cr loans from 7 states
LIC buys Rs. 4,300 cr loans from 7...

Life Insurance Corporation of India (LIC) has bought debt worth about Rs 4,300 crore in state...

IRDA initiates study for group insurance policies
IRDA initiates study for group...

Insurance Regulatory and Development Authority of India has initiated a study regarding the...

Finance Ministry cancels IRDA order withdrawing third-party pool
Finance Ministry cancels IRDA order...

The finance ministry has rescinded the insurance regulator's decision to withdraw third party...

IRDA forms working group for simple products in general insurance
IRDA forms working group for simple...

IRDA has formed a working group to review 'File & Use' (F&U) guidelines to ensure...

IRDA may ask life insurers to tie up with repositories
IRDA may ask life insurers to tie up...

The Insurance Regulatory and Development Authority is likely to make it mandatory for life...

 Indian online insurance market size more than Rs. 700 cr : BCG Report
Indian online insurance market size...

The online insurance market in India is already in excess of Rs.700 crore. While life insurance...

Information Technology is quietly revolutionizing insurance distribution, helping increase consumer centricity, says Swiss Re sigma study
Information Technology is quietly...

      Technology is changing the way insurers and consumers interact, says Swiss Re's latest...

ACFE Report: Organizations Still not upto mark in Fraud Prevention
ACFE Report: Organizations Still not...

      Organizations around the world lose an estimated 5 percent of their annual revenues to...

Insurers in India tap GPS technology to offer onsite covers
Insurers in India tap GPS technology...

Insurers in India are making full use of technology to sell insurance policies. Few days back an...

Govt to form nuclear insurance pool to address liability issue
Govt to form nuclear insurance pool...

Moving to address the liability issue that has held up deals with various countries, the...

Insurance Ombudsman post in kolkata vacant since long
Insurance Ombudsman post in kolkata...

Insurance Ombudsman post in Kolkata lying vacant since long Insurance policyholders in the...

Reinsurance rates down by 20%: GIC Re
Reinsurance rates down by 20%: GIC Re

GIC Re has seen a softening of reinsurance rates in the contracts renewed in the last few months....

IndiaFirst Life continues its growth story; grows by 28% in FY 2013-14
IndiaFirst Life continues its growth...

  Customer focused products and processes help company grow amidst challenging times   Garners...

Reliance Insurance, UIDAI tie up for Aadhaar-based e-KYC
Reliance Insurance, UIDAI tie up for...

      With the intention to improve insurance penetration in the country, Reliance General...

Allahabad University plans insurance cover for students from next session
Allahabad University plans insurance...

      The Allahabad University has planned to start an insurance policy to cover every student...

Aviation insurance demand on the rise
Aviation insurance demand on the rise

  With the demand for covers for ground handling and aviation product liability insurance...

Direct Taxes Code 2013- KPMG INDIA

In August 2009, the Government unveiled the Direct Taxes Code, 2009 (DTC 2009) along with a...

MetLife Names Ralph Brunner as Chief Marketing Officer for Asia
MetLife Names Ralph Brunner as Chief...

      HONG KONG --MetLife, Inc. announced  that Ralph Brunner has joined the company as its Chief...

Claim is not payable if location is...

  Judgement   Ahmedabad Ombudsman Centre Case No. 11/ 005 / 0045 Shri. M. S. A. Kajalwala Vs...

The Experience rating method.

      All large individual risk rating is a form of experience rating as they need to reflect the...

The process of Individual risk rating...

        Generally, individual rating is done for various reasons, such as the price charged to...

How are the Rating Structure made in...

 All rates are based on various risk exposures that  insurance may face.  However the rate for...

Purposes of rate making in general...

      The purpose of rate making is to set the prices of insurance products in such a way...

THE ‘COMPLAINT-AS-GIFT’ STRATEGY THAT...

      INTRODUCTION: In this competitive insurance market in India, we need to become very much...

Global insured losses from catastrophes were USD 45 billion in 2013, Swiss Re sigma
Global insured losses from...

Global insured losses from catastrophes were USD 45 billion in 2013,according to Swiss Re sigma....

Fraudulent practices on a spurt in life insurance
Fraudulent practices on a spurt in...

  life insurance companies across the country are witnessing a sharp rise in cases of fraud and...

Insurance sector worried over high attrition rate
Insurance sector worried over high...

      Frontline staffs in the insurance sector  are making a flight to the IT, ITes and retail...

Life insurers treat suicides as natural deaths for hassle free claims
Life insurers treat suicides as...

To avoid hassle in settlement of claims life insurance companies in India consider suicides as...

Medical errors on the rise in Arabian Kingdom
Medical errors on the rise in Arabian...

  The Arabian Kingdom is looking to develop a system of accountability for medical errors in the...

Bajaj Allianz starts special campaign for easy  renewal of  lapsed policies
Bajaj Allianz starts special campaign...

      In a bid to provide assistance to policyholders to get lapsed policies renewed easily Bajaj...

Reliance Life insurance launches super money back plan
Reliance Life insurance launches...

      Reliance Life Insurance, recently launched its new offering 'Reliance Super Money Back...

 IRDA releases pilot version of hospital IDs
IRDA releases pilot version of...

  In an effort to streamline hospital listings a  pilot version of a unique hospital ID master...

New money back plans launched by LIC
New money back plans launched by LIC

      LIC's New Money Back Plans has been  launched .The plans are for 20years and 25 years term...

Star Health & Allied Insurance Co launches Diabetes Safe, new health insurance product
Star Health & Allied Insurance Co...

From a modest beginning of Rs.12.51 crore retail business in 2006-07, Star Health has now...

Citibank and Apollo Munich to target over 16 million households with specialized health insurance services
Citibank and Apollo Munich to target...

citibank India and Apollo Munich announced they will provide specialized health care services to...

NEED FOR INCREASING INSURANCE...

      Life is full of uncertainties - unpredictable and unforeseen. While these uncertainties...

NEW MILESTONES IN THE INDIAN HEALTH...

              The  Right to Health is as important as the Right of Education. India's...

Business centre heads of indian...

      Introduction: Whenever a Customer approaches you - These ten commandants as stated below is...

Indian Market Natural Catastrophe...

      A) Introduction In Asia - Pacific zones we are all witnessing unprecedented frequency and...

GROSS DIRECT PREMIUM UNDERWRITTEN FOR THE MONTH OF FEBRUARY, 2014 IN INDIA
GROSS DIRECT PREMIUM UNDERWRITTEN FOR...

  INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY FLASH FIGURES -- NON LIFE INSURERS GROSS DIRECT...

Commercial Insurance Coming of Age...

      Introduction Property & Casualty (P&C) insurance industry was highly impacted by...

Theoritical Insurance

      The caption of this article needs some explanation - to keep the readers - especially those...

Does Marine policy cover storage Risk

      Introduction: The client often approaches the underwriters to grant storage cover at the...

ENDEAVOUR TO REGULATE DETARIFFED...

Introduction: All of us are aware of the fact that with the enactment of the Insurance Regulatory...

LIC organises 55th All India Sr. Divisional Mangers' Conference
LIC organises 55th All India Sr....

The 55th All India Sr. Divisional Managers' Conference, annual strategy meeting of LIC of India...

Bajaj Allianz General net profit...

 Bajaj Allianz General Insurance has posted a 37 per cent rise in profit after tax to Rs 562...

United India declares Rs. 301 cr profit

 United India Insurance Company has reported a profit after Tax of Rs 301 crore in 2014-15. The...

Domestic Travel Guard  from Tata AIG General Insurance
Domestic Travel Guard from Tata AIG...

  A holiday is for a great change away from home. But what do you do if you fall ill...

ICICI Pru Smart Life from ICICI Prudential Life Insurance
ICICI Pru Smart Life from ICICI...

  ICICI Prudential Life Insurance has launched a new dual protection unit linked insurance plan...

Micro Insurance - Will initiatives &...

Micro-Insurance - At the moment in practice:From its origin, the concept of insurance remains...

Sigma 1/2015: emerging markets ready...

The latest sigma study, Keeping healthy in the emerging markets: insurance can help (see download...

SBI take into service PwC for valuation, IAG supports Deloitte for JV
SBI take into service PwC for...

State Bank of India  is ardent to divest further stake in its foreign partner Insurance Australia...

Bharti's insurance ventures' zooms high
Bharti's insurance ventures' zooms high

The Bharti group's stake valuation has gone up multiple times in both life and general insurance...

Half of the world's rural population...

A recent ILO report  has revealed that more than half of the world's rural population (56 per...

LIC sets ambitious target for east zone
LIC sets ambitious target for east zone

With the back of a stronger product portfolio and tie-ups with the banks.The LIC is aiming for a...

LIC raises stake in Canara Bank, Bank of Baroda
LIC raises stake in Canara Bank, Bank...

The  Life Insurance Corporation (LIC) has raised stake in state-owned Canara Bank by about 7.7...

IRDAI mulling over e-Insurance

Earlier  the concept of E Insurance was piloted in paperless form through insurance repositories....

Global reinsurers firm steps in India...

After receiving licenses from the Insurance Regulatory and Development Authority of India which...

GDP in motor insurance to cross Rs....

The gross direct premium earned by general insurance companies from the motor vehicle industry in...

Insurance Demand

The Federation of West Bengal Trade Association has demanded that all markets owned by KMC should...

Popularizing Health Insurance through...

It was a wonderful spectacle to watch millions of people all over India taking to Yoga even...

Munich Re Confirms Riess as Future...

The Supervisory Board of ERGO Versicherungsgruppe AG has appointed Markus Riess to the ERGO Board...

Benett, Coleman to buy majority stake...

Religare Enterprises Ltd (Religare) has decided to sell its 44 percent stake in Aegon Religare...

A single-premium health cover for...

Insurance Regulatory & Development Authority of India (IRDAI)  is on the verge of drawing...

LIC : Towering over the rest

The top 10 insurance companies hold more than Rs 4.56 lakh crore in Indian equities. Life...

Not more than 10% paid-up shares in...

The IRDAI in lieu of the backdrop of the recent hike in the upper cap of foreign direct...

Insurers' valuations may sink

Valuations of insurance companies, tied to banks, are set to plunge, given the new distribution...

Best High Return Investment Options

  Investors often find themselves at cross roads while going through the various investment...

A Comprehensive Guide on Pension Plans

  The basic purpose of pension planning is to create a steady and stable source of income for the...

The importance of insurance to a...

  At times they may seem invincible, but in reality, multinational companies are just as...

Maximize Your Tax Savings in India

Reducing tax liability and maximizing savings in India can done by a three-pronged strategy...

Importance of Family Medical Health...

There has been a rise in lifestyle related diseases and the chances of passing them on to the...

Child Insurance Investment —...

Being a parent is the most responsible job in this world, and every parent has the duty of...

SBI Life Pledges Education to Cancer Affected Children
SBI Life Pledges Education to Cancer...

Taking its Corporate Social Responsibility initiative to newer heights, SBI Life Insurance...

IRDAI to dematerialize High-value insurance
IRDAI to dematerialize High-value...

The Regulator is planning to dematerialize the policies with an annual premium of Rs.50,000 for...

How to Identify Lost or Unclaimed...

  Lost or unclaimed insurance amount as the name suggests are the dormant policy amounts that are...

Health Insurance for Newborn Children...

The birth of a child is always an exciting affair with lots of joy and happiness. However, as a...

Travel Insurance  Policy from Bajaj Allianz General Insurance  Co. Ltd
Travel Insurance Policy from Bajaj...

      Studying abroad in a foreign land entails a lot of risk. Medical expenses in foreign...

Home Shield Insurance from Royal Sundaram Alliance Insurance
Home Shield Insurance from Royal...

      Home Shield is a comprehensive Home Insurance Policy which offers protection to your home...

Association of third party administrators seeks clarity
Association of third party...

The public interest litigation (PIL)  filed in the Bombay High Court by activist Gaurang Damani...

SC declares Compulsory retirement for misappropriation
SC declares Compulsory retirement for...

The Supreme Court has declared a  compulsory retirement to an LIC cashier for misappropriating...

IRDA asks Insurers to devise simple, low cost products
IRDA asks Insurers to devise simple,...

      In a review meeting which was held  on the performance of the public sector insurance...

Life insurers asked to submit data: IRDA
Life insurers asked to submit data: IRDA

The sectoral regulator IRDA has asked life insurance companies to submit data for the last four...

Benefits of Buying Term Life...

      Term life insurance policy is a kind of policy that offers coverage for a limited term (as...

Understanding Mediclaim Better –...

      Investing in a good medical insurance policy has become more crucial than ever, especially...

Disaster Management

      Disaster Management is the discipline of dealing with and avoiding risks. It is a...

E-mail spoofing using the domain irda.gov.org
E-mail spoofing using the domain...

From IRDA: It has come to our notice that certain unscrupulous entities/persons have allegedly...

POST GRADUATE DIPLOMA ON HEALTH INSURANCE IN COLLABORATION WITH UNIVERSITY OF MUMBAI
POST GRADUATE DIPLOMA ON HEALTH...

Health insurance has become a vital component of the Indian insurance industry and is growing at...

Deadline of 60 days for- Life insurance payouts
Deadline of 60 days for- Life...

      At present the mandate demands that all claims have to be settled within six months, and...

Tata AIA life joins hands with Citibank
Tata AIA life joins hands with Citibank

Tata AIA Life insurance company has entered into a bancassurance partnership with Citibank to...

One out of every five Private life Insurance claims rejected
One out of every five Private life...

Insurance Fraud has not been seriously addressed in India  Insurers say they are forced to...

LIC  lags private insurers in claims settlement
LIC lags private insurers in claims...

The Insurance Regulatory and Development Authority of India in its annual report 2013-14 has...

Higher FDI will benefit insurers: Moody's
Higher FDI will benefit insurers:...

      The  Moody's Investors Service believes that a higher foreign investment limit is "credit...

Govt staff, tax payers not eligible under PMJDY
Govt staff, tax payers not eligible...

The Financial Services Department of the Finance Ministry has prepared detailed guidelines for...

Excise duty in vehicles segment fades insurers' hope
Excise duty in vehicles segment fades...

The General  Insurance sector which had hoped for a revival of the sales of automobiles in the...

UII organizes mega insurance convention
UII organizes mega insurance convention

United India Insurance organized a mega insurance advisor's convention 'Make India Insure' in...

Benefit from the Income Tax Slabs for...

      When planning your finances, it is important for you to understand tax slabs and...

BMI & Insurance Rates - How does BMI...

BMI which is the body mass index is an important tool considered by insurance companies in...

Partners of Fraud Company Maples...

Kolkata: Partners of Maples Publications, Amit Gupta & Jitendra Malhotra has been arrested by...

Cigna TTK Health Insurance expands in 5 more cities
Cigna TTK Health Insurance expands in...

Cigna TTK Health Insurance a joint venture between U.S. based global health service leader, Cigna...

Bharti AXA Life launches ‘Elite Advantage’
Bharti AXA Life launches ‘Elite...

Bharti AXA Life Insurance, the private life insurance joint venture between Bharti Enterprises...

Go Paper less ! Secure all your Policies in electronic Insurance A/c (eIA), With SHCIL Insurance Repository (SHCIL-IR) absolutely FREE OF COST
Go Paper less ! Secure all your...

eIA stands for e-Insurance Account or “Electronic Insurance Account” which will safeguard the...

Karnataka Vikas Grameena Bank tiesup with IndiaFirst Life to offer insurance products
Karnataka Vikas Grameena Bank tiesup...

Karnataka Vikas Grameena Bank (KVGB) owned by Government-Sponsored by Syndicate Bank, one of the...

Future Generali India Life Insurance launches the Care Plus Plan
Future Generali India Life Insurance...

Future Generali India Life Insurance Company Limited (FGILI), a joint venture between Future...

Solved Paper for General Insurance Accounts and Regulation of Investment IC46 for associateship
Solved Paper for General Insurance...

Launching of Guide Book for IC46 Plus Mock Test                   Guide...

Get FREE E-Insurance Account
Get FREE E-Insurance Account

You have been enjoying the benefits of Demat account and would have experienced the ease and...

2014 Budget Speech Extracts of Sri Arun Jaitely, Finance Minister, India relating to Direct Tax Proposals
2014 Budget Speech Extracts of Sri...

I do not propose to make any change in the tax rate.  However, with a view to provide relief to...

Budget 2014 - Highlights for Insurance Sector
Budget 2014 - Highlights for...

Budget Speech By Sri Arun Jaitely, Finance Minister The Insurance sector is investment starved....

Budget Reactions from Future Generali India
Budget Reactions from Future Generali...

“The budget announcement on increasing FDI cap in insurance to 49% is a positive step forward. We...

Budget Reaction - Mr. Antony Jacob, CEO, Apollo Munich Health Insurance
Budget Reaction - Mr. Antony Jacob,...

Today's Union Budget speech has certainly brought good news for the insurance sector by the...

Future Generali India Insurance ties up with Punjab & Maharashtra Co-operative Bank
Future Generali India Insurance ties...

Future Generali India Insurance, a joint venture between India’s leading retailer Future Group...

Max Bupa wins the technology award at the fourth edition of India Insurance Awards
Max Bupa wins the technology award at...

Max Bupa has been conferred with top honor for technology maturity at the fourth edition of India...

Research on Fraud in Health Insurance...

Insurance Sector in India is expanding rapidly with stiff competition in the insurance industry....

 Indian millionaires are expected to grow at a strong pace- WealthInsight
Indian millionaires are expected to...

According to a new report from WealthInsight, Indian millionaires are expected to grow at a...

 Insurers to offer products exclusively through specific distribution channel
Insurers to offer products...

      Instead of selling the same insurance products across various distribution channels,...

Family floaters gain as healthcare costs rise
Family floaters gain as healthcare...

In a bid to cut down their health insurance bill, buyers are increasingly turning to family...

Private health insurers cover 65% policy holders
Private health insurers cover 65%...

Around 65 per cent of health insurance policy holders in the country are covered by private...

LIC buys Rs. 4,300 cr loans from 7 states
LIC buys Rs. 4,300 cr loans from 7...

Life Insurance Corporation of India (LIC) has bought debt worth about Rs 4,300 crore in state...

IRDA initiates study for group insurance policies
IRDA initiates study for group...

Insurance Regulatory and Development Authority of India has initiated a study regarding the...

Finance Ministry cancels IRDA order withdrawing third-party pool
Finance Ministry cancels IRDA order...

The finance ministry has rescinded the insurance regulator's decision to withdraw third party...

IRDA forms working group for simple products in general insurance
IRDA forms working group for simple...

IRDA has formed a working group to review 'File & Use' (F&U) guidelines to ensure...

IRDA may ask life insurers to tie up with repositories
IRDA may ask life insurers to tie up...

The Insurance Regulatory and Development Authority is likely to make it mandatory for life...

 Indian online insurance market size more than Rs. 700 cr : BCG Report
Indian online insurance market size...

The online insurance market in India is already in excess of Rs.700 crore. While life insurance...

Information Technology is quietly revolutionizing insurance distribution, helping increase consumer centricity, says Swiss Re sigma study
Information Technology is quietly...

      Technology is changing the way insurers and consumers interact, says Swiss Re's latest...

ACFE Report: Organizations Still not upto mark in Fraud Prevention
ACFE Report: Organizations Still not...

      Organizations around the world lose an estimated 5 percent of their annual revenues to...

Insurers in India tap GPS technology to offer onsite covers
Insurers in India tap GPS technology...

Insurers in India are making full use of technology to sell insurance policies. Few days back an...

Govt to form nuclear insurance pool to address liability issue
Govt to form nuclear insurance pool...

Moving to address the liability issue that has held up deals with various countries, the...

Insurance Ombudsman post in kolkata vacant since long
Insurance Ombudsman post in kolkata...

Insurance Ombudsman post in Kolkata lying vacant since long Insurance policyholders in the...

Reinsurance rates down by 20%: GIC Re
Reinsurance rates down by 20%: GIC Re

GIC Re has seen a softening of reinsurance rates in the contracts renewed in the last few months....

IndiaFirst Life continues its growth story; grows by 28% in FY 2013-14
IndiaFirst Life continues its growth...

  Customer focused products and processes help company grow amidst challenging times   Garners...

Reliance Insurance, UIDAI tie up for Aadhaar-based e-KYC
Reliance Insurance, UIDAI tie up for...

      With the intention to improve insurance penetration in the country, Reliance General...

Allahabad University plans insurance cover for students from next session
Allahabad University plans insurance...

      The Allahabad University has planned to start an insurance policy to cover every student...

Aviation insurance demand on the rise
Aviation insurance demand on the rise

  With the demand for covers for ground handling and aviation product liability insurance...

Direct Taxes Code 2013- KPMG INDIA

In August 2009, the Government unveiled the Direct Taxes Code, 2009 (DTC 2009) along with a...

MetLife Names Ralph Brunner as Chief Marketing Officer for Asia
MetLife Names Ralph Brunner as Chief...

      HONG KONG --MetLife, Inc. announced  that Ralph Brunner has joined the company as its Chief...

Claim is not payable if location is...

  Judgement   Ahmedabad Ombudsman Centre Case No. 11/ 005 / 0045 Shri. M. S. A. Kajalwala Vs...

The Experience rating method.

      All large individual risk rating is a form of experience rating as they need to reflect the...

The process of Individual risk rating...

        Generally, individual rating is done for various reasons, such as the price charged to...

How are the Rating Structure made in...

 All rates are based on various risk exposures that  insurance may face.  However the rate for...

Purposes of rate making in general...

      The purpose of rate making is to set the prices of insurance products in such a way...

THE ‘COMPLAINT-AS-GIFT’ STRATEGY THAT...

      INTRODUCTION: In this competitive insurance market in India, we need to become very much...

Global insured losses from catastrophes were USD 45 billion in 2013, Swiss Re sigma
Global insured losses from...

Global insured losses from catastrophes were USD 45 billion in 2013,according to Swiss Re sigma....

Fraudulent practices on a spurt in life insurance
Fraudulent practices on a spurt in...

  life insurance companies across the country are witnessing a sharp rise in cases of fraud and...

Insurance sector worried over high attrition rate
Insurance sector worried over high...

      Frontline staffs in the insurance sector  are making a flight to the IT, ITes and retail...

Life insurers treat suicides as natural deaths for hassle free claims
Life insurers treat suicides as...

To avoid hassle in settlement of claims life insurance companies in India consider suicides as...

LIC organises 55th All India Sr. Divisional Mangers' Conference
LIC organises 55th All India Sr....

The 55th All India Sr. Divisional Managers' Conference, annual strategy meeting of LIC of India...

Bajaj Allianz General net profit...

 Bajaj Allianz General Insurance has posted a 37 per cent rise in profit after tax to Rs 562...

United India declares Rs. 301 cr profit

 United India Insurance Company has reported a profit after Tax of Rs 301 crore in 2014-15. The...

Domestic Travel Guard  from Tata AIG General Insurance
Domestic Travel Guard from Tata AIG...

  A holiday is for a great change away from home. But what do you do if you fall ill...

ICICI Pru Smart Life from ICICI Prudential Life Insurance
ICICI Pru Smart Life from ICICI...

  ICICI Prudential Life Insurance has launched a new dual protection unit linked insurance plan...

Micro Insurance - Will initiatives &...

Micro-Insurance - At the moment in practice:From its origin, the concept of insurance remains...

Sigma 1/2015: emerging markets ready...

The latest sigma study, Keeping healthy in the emerging markets: insurance can help (see download...

SBI take into service PwC for valuation, IAG supports Deloitte for JV
SBI take into service PwC for...

State Bank of India  is ardent to divest further stake in its foreign partner Insurance Australia...

Bharti's insurance ventures' zooms high
Bharti's insurance ventures' zooms high

The Bharti group's stake valuation has gone up multiple times in both life and general insurance...

Half of the world's rural population...

A recent ILO report  has revealed that more than half of the world's rural population (56 per...

LIC sets ambitious target for east zone
LIC sets ambitious target for east zone

With the back of a stronger product portfolio and tie-ups with the banks.The LIC is aiming for a...

LIC raises stake in Canara Bank, Bank of Baroda
LIC raises stake in Canara Bank, Bank...

The  Life Insurance Corporation (LIC) has raised stake in state-owned Canara Bank by about 7.7...

IRDAI mulling over e-Insurance

Earlier  the concept of E Insurance was piloted in paperless form through insurance repositories....

Global reinsurers firm steps in India...

After receiving licenses from the Insurance Regulatory and Development Authority of India which...

GDP in motor insurance to cross Rs....

The gross direct premium earned by general insurance companies from the motor vehicle industry in...

Insurance Demand

The Federation of West Bengal Trade Association has demanded that all markets owned by KMC should...

Popularizing Health Insurance through...

It was a wonderful spectacle to watch millions of people all over India taking to Yoga even...

Munich Re Confirms Riess as Future...

The Supervisory Board of ERGO Versicherungsgruppe AG has appointed Markus Riess to the ERGO Board...

Benett, Coleman to buy majority stake...

Religare Enterprises Ltd (Religare) has decided to sell its 44 percent stake in Aegon Religare...

A single-premium health cover for...

Insurance Regulatory & Development Authority of India (IRDAI)  is on the verge of drawing...

LIC : Towering over the rest

The top 10 insurance companies hold more than Rs 4.56 lakh crore in Indian equities. Life...

Not more than 10% paid-up shares in...

The IRDAI in lieu of the backdrop of the recent hike in the upper cap of foreign direct...

Insurers' valuations may sink

Valuations of insurance companies, tied to banks, are set to plunge, given the new distribution...

Best High Return Investment Options

  Investors often find themselves at cross roads while going through the various investment...

A Comprehensive Guide on Pension Plans

  The basic purpose of pension planning is to create a steady and stable source of income for the...

The importance of insurance to a...

  At times they may seem invincible, but in reality, multinational companies are just as...

Maximize Your Tax Savings in India

Reducing tax liability and maximizing savings in India can done by a three-pronged strategy...

Importance of Family Medical Health...

There has been a rise in lifestyle related diseases and the chances of passing them on to the...

Child Insurance Investment —...

Being a parent is the most responsible job in this world, and every parent has the duty of...

SBI Life Pledges Education to Cancer Affected Children
SBI Life Pledges Education to Cancer...

Taking its Corporate Social Responsibility initiative to newer heights, SBI Life Insurance...

IRDAI to dematerialize High-value insurance
IRDAI to dematerialize High-value...

The Regulator is planning to dematerialize the policies with an annual premium of Rs.50,000 for...

How to Identify Lost or Unclaimed...

  Lost or unclaimed insurance amount as the name suggests are the dormant policy amounts that are...

Health Insurance for Newborn Children...

The birth of a child is always an exciting affair with lots of joy and happiness. However, as a...

Travel Insurance  Policy from Bajaj Allianz General Insurance  Co. Ltd
Travel Insurance Policy from Bajaj...

      Studying abroad in a foreign land entails a lot of risk. Medical expenses in foreign...

Home Shield Insurance from Royal Sundaram Alliance Insurance
Home Shield Insurance from Royal...

      Home Shield is a comprehensive Home Insurance Policy which offers protection to your home...

Association of third party administrators seeks clarity
Association of third party...

The public interest litigation (PIL)  filed in the Bombay High Court by activist Gaurang Damani...

SC declares Compulsory retirement for misappropriation
SC declares Compulsory retirement for...

The Supreme Court has declared a  compulsory retirement to an LIC cashier for misappropriating...

IRDA asks Insurers to devise simple, low cost products
IRDA asks Insurers to devise simple,...

      In a review meeting which was held  on the performance of the public sector insurance...

Life insurers asked to submit data: IRDA
Life insurers asked to submit data: IRDA

The sectoral regulator IRDA has asked life insurance companies to submit data for the last four...

Benefits of Buying Term Life...

      Term life insurance policy is a kind of policy that offers coverage for a limited term (as...

Understanding Mediclaim Better –...

      Investing in a good medical insurance policy has become more crucial than ever, especially...

Disaster Management

      Disaster Management is the discipline of dealing with and avoiding risks. It is a...

E-mail spoofing using the domain irda.gov.org
E-mail spoofing using the domain...

From IRDA: It has come to our notice that certain unscrupulous entities/persons have allegedly...

POST GRADUATE DIPLOMA ON HEALTH INSURANCE IN COLLABORATION WITH UNIVERSITY OF MUMBAI
POST GRADUATE DIPLOMA ON HEALTH...

Health insurance has become a vital component of the Indian insurance industry and is growing at...

Deadline of 60 days for- Life insurance payouts
Deadline of 60 days for- Life...

      At present the mandate demands that all claims have to be settled within six months, and...

Tata AIA life joins hands with Citibank
Tata AIA life joins hands with Citibank

Tata AIA Life insurance company has entered into a bancassurance partnership with Citibank to...

One out of every five Private life Insurance claims rejected
One out of every five Private life...

Insurance Fraud has not been seriously addressed in India  Insurers say they are forced to...

LIC  lags private insurers in claims settlement
LIC lags private insurers in claims...

The Insurance Regulatory and Development Authority of India in its annual report 2013-14 has...

Higher FDI will benefit insurers: Moody's
Higher FDI will benefit insurers:...

      The  Moody's Investors Service believes that a higher foreign investment limit is "credit...

Govt staff, tax payers not eligible under PMJDY
Govt staff, tax payers not eligible...

The Financial Services Department of the Finance Ministry has prepared detailed guidelines for...

Excise duty in vehicles segment fades insurers' hope
Excise duty in vehicles segment fades...

The General  Insurance sector which had hoped for a revival of the sales of automobiles in the...

UII organizes mega insurance convention
UII organizes mega insurance convention

United India Insurance organized a mega insurance advisor's convention 'Make India Insure' in...

Benefit from the Income Tax Slabs for...

      When planning your finances, it is important for you to understand tax slabs and...

BMI & Insurance Rates - How does BMI...

BMI which is the body mass index is an important tool considered by insurance companies in...

Partners of Fraud Company Maples...

Kolkata: Partners of Maples Publications, Amit Gupta & Jitendra Malhotra has been arrested by...

Cigna TTK Health Insurance expands in 5 more cities
Cigna TTK Health Insurance expands in...

Cigna TTK Health Insurance a joint venture between U.S. based global health service leader, Cigna...

Bharti AXA Life launches ‘Elite Advantage’
Bharti AXA Life launches ‘Elite...

Bharti AXA Life Insurance, the private life insurance joint venture between Bharti Enterprises...

Go Paper less ! Secure all your Policies in electronic Insurance A/c (eIA), With SHCIL Insurance Repository (SHCIL-IR) absolutely FREE OF COST
Go Paper less ! Secure all your...

eIA stands for e-Insurance Account or “Electronic Insurance Account” which will safeguard the...

Karnataka Vikas Grameena Bank tiesup with IndiaFirst Life to offer insurance products
Karnataka Vikas Grameena Bank tiesup...

Karnataka Vikas Grameena Bank (KVGB) owned by Government-Sponsored by Syndicate Bank, one of the...

Future Generali India Life Insurance launches the Care Plus Plan
Future Generali India Life Insurance...

Future Generali India Life Insurance Company Limited (FGILI), a joint venture between Future...

Solved Paper for General Insurance Accounts and Regulation of Investment IC46 for associateship
Solved Paper for General Insurance...

Launching of Guide Book for IC46 Plus Mock Test                   Guide...

Get FREE E-Insurance Account
Get FREE E-Insurance Account

You have been enjoying the benefits of Demat account and would have experienced the ease and...

2014 Budget Speech Extracts of Sri Arun Jaitely, Finance Minister, India relating to Direct Tax Proposals
2014 Budget Speech Extracts of Sri...

I do not propose to make any change in the tax rate.  However, with a view to provide relief to...

Budget 2014 - Highlights for Insurance Sector
Budget 2014 - Highlights for...

Budget Speech By Sri Arun Jaitely, Finance Minister The Insurance sector is investment starved....

Budget Reactions from Future Generali India
Budget Reactions from Future Generali...

“The budget announcement on increasing FDI cap in insurance to 49% is a positive step forward. We...

Budget Reaction - Mr. Antony Jacob, CEO, Apollo Munich Health Insurance
Budget Reaction - Mr. Antony Jacob,...

Today's Union Budget speech has certainly brought good news for the insurance sector by the...

Future Generali India Insurance ties up with Punjab & Maharashtra Co-operative Bank
Future Generali India Insurance ties...

Future Generali India Insurance, a joint venture between India’s leading retailer Future Group...

Max Bupa wins the technology award at the fourth edition of India Insurance Awards
Max Bupa wins the technology award at...

Max Bupa has been conferred with top honor for technology maturity at the fourth edition of India...

Research on Fraud in Health Insurance...

Insurance Sector in India is expanding rapidly with stiff competition in the insurance industry....

 Indian millionaires are expected to grow at a strong pace- WealthInsight
Indian millionaires are expected to...

According to a new report from WealthInsight, Indian millionaires are expected to grow at a...

 Insurers to offer products exclusively through specific distribution channel
Insurers to offer products...

      Instead of selling the same insurance products across various distribution channels,...

Family floaters gain as healthcare costs rise
Family floaters gain as healthcare...

In a bid to cut down their health insurance bill, buyers are increasingly turning to family...

Private health insurers cover 65% policy holders
Private health insurers cover 65%...

Around 65 per cent of health insurance policy holders in the country are covered by private...

LIC buys Rs. 4,300 cr loans from 7 states
LIC buys Rs. 4,300 cr loans from 7...

Life Insurance Corporation of India (LIC) has bought debt worth about Rs 4,300 crore in state...

IRDA initiates study for group insurance policies
IRDA initiates study for group...

Insurance Regulatory and Development Authority of India has initiated a study regarding the...

Finance Ministry cancels IRDA order withdrawing third-party pool
Finance Ministry cancels IRDA order...

The finance ministry has rescinded the insurance regulator's decision to withdraw third party...

IRDA forms working group for simple products in general insurance
IRDA forms working group for simple...

IRDA has formed a working group to review 'File & Use' (F&U) guidelines to ensure...

IRDA may ask life insurers to tie up with repositories
IRDA may ask life insurers to tie up...

The Insurance Regulatory and Development Authority is likely to make it mandatory for life...

 Indian online insurance market size more than Rs. 700 cr : BCG Report
Indian online insurance market size...

The online insurance market in India is already in excess of Rs.700 crore. While life insurance...

Information Technology is quietly revolutionizing insurance distribution, helping increase consumer centricity, says Swiss Re sigma study
Information Technology is quietly...

      Technology is changing the way insurers and consumers interact, says Swiss Re's latest...

ACFE Report: Organizations Still not upto mark in Fraud Prevention
ACFE Report: Organizations Still not...

      Organizations around the world lose an estimated 5 percent of their annual revenues to...

Insurers in India tap GPS technology to offer onsite covers
Insurers in India tap GPS technology...

Insurers in India are making full use of technology to sell insurance policies. Few days back an...

Govt to form nuclear insurance pool to address liability issue
Govt to form nuclear insurance pool...

Moving to address the liability issue that has held up deals with various countries, the...

Insurance Ombudsman post in kolkata vacant since long
Insurance Ombudsman post in kolkata...

Insurance Ombudsman post in Kolkata lying vacant since long Insurance policyholders in the...

Reinsurance rates down by 20%: GIC Re
Reinsurance rates down by 20%: GIC Re

GIC Re has seen a softening of reinsurance rates in the contracts renewed in the last few months....

IndiaFirst Life continues its growth story; grows by 28% in FY 2013-14
IndiaFirst Life continues its growth...

  Customer focused products and processes help company grow amidst challenging times   Garners...

Reliance Insurance, UIDAI tie up for Aadhaar-based e-KYC
Reliance Insurance, UIDAI tie up for...

      With the intention to improve insurance penetration in the country, Reliance General...

Allahabad University plans insurance cover for students from next session
Allahabad University plans insurance...

      The Allahabad University has planned to start an insurance policy to cover every student...

Aviation insurance demand on the rise
Aviation insurance demand on the rise

  With the demand for covers for ground handling and aviation product liability insurance...

Direct Taxes Code 2013- KPMG INDIA

In August 2009, the Government unveiled the Direct Taxes Code, 2009 (DTC 2009) along with a...

MetLife Names Ralph Brunner as Chief Marketing Officer for Asia
MetLife Names Ralph Brunner as Chief...

      HONG KONG --MetLife, Inc. announced  that Ralph Brunner has joined the company as its Chief...

Claim is not payable if location is...

  Judgement   Ahmedabad Ombudsman Centre Case No. 11/ 005 / 0045 Shri. M. S. A. Kajalwala Vs...

The Experience rating method.

      All large individual risk rating is a form of experience rating as they need to reflect the...

The process of Individual risk rating...

        Generally, individual rating is done for various reasons, such as the price charged to...

How are the Rating Structure made in...

 All rates are based on various risk exposures that  insurance may face.  However the rate for...

Purposes of rate making in general...

      The purpose of rate making is to set the prices of insurance products in such a way...

THE ‘COMPLAINT-AS-GIFT’ STRATEGY THAT...

      INTRODUCTION: In this competitive insurance market in India, we need to become very much...

Global insured losses from catastrophes were USD 45 billion in 2013, Swiss Re sigma
Global insured losses from...

Global insured losses from catastrophes were USD 45 billion in 2013,according to Swiss Re sigma....

Fraudulent practices on a spurt in life insurance
Fraudulent practices on a spurt in...

  life insurance companies across the country are witnessing a sharp rise in cases of fraud and...

Insurance sector worried over high attrition rate
Insurance sector worried over high...

      Frontline staffs in the insurance sector  are making a flight to the IT, ITes and retail...

Life insurers treat suicides as natural deaths for hassle free claims
Life insurers treat suicides as...

To avoid hassle in settlement of claims life insurance companies in India consider suicides as...

Medical errors on the rise in Arabian Kingdom
Medical errors on the rise in Arabian...

  The Arabian Kingdom is looking to develop a system of accountability for medical errors in the...

Bajaj Allianz starts special campaign for easy  renewal of  lapsed policies
Bajaj Allianz starts special campaign...

      In a bid to provide assistance to policyholders to get lapsed policies renewed easily Bajaj...

Reliance Life insurance launches super money back plan
Reliance Life insurance launches...

      Reliance Life Insurance, recently launched its new offering 'Reliance Super Money Back...

 IRDA releases pilot version of hospital IDs
IRDA releases pilot version of...

  In an effort to streamline hospital listings a  pilot version of a unique hospital ID master...

New money back plans launched by LIC
New money back plans launched by LIC

      LIC's New Money Back Plans has been  launched .The plans are for 20years and 25 years term...

Star Health & Allied Insurance Co launches Diabetes Safe, new health insurance product
Star Health & Allied Insurance Co...

From a modest beginning of Rs.12.51 crore retail business in 2006-07, Star Health has now...

Citibank and Apollo Munich to target over 16 million households with specialized health insurance services
Citibank and Apollo Munich to target...

citibank India and Apollo Munich announced they will provide specialized health care services to...

NEED FOR INCREASING INSURANCE...

      Life is full of uncertainties - unpredictable and unforeseen. While these uncertainties...

NEW MILESTONES IN THE INDIAN HEALTH...

              The  Right to Health is as important as the Right of Education. India's...

Business centre heads of indian...

      Introduction: Whenever a Customer approaches you - These ten commandants as stated below is...

Copyright © 2015 Bimabazaar.com - Sashi Publications. Powered by Apex DivisionApex Division