The RISE & RISE of LIC
1)Â Â Â Definition of Globalisation. LPG--Liberalisation, Privatisation & Globalisation World has become boundaryless. Mingling of cultures & customs of different regions.
The mega risk of overpromise and underdelivery in insurance – A big issue in insurance selling
Under promise and over deliver All business should be able to live up to the hype they create for themselves, however there are many businesses that over promise and under…
How to transfer one’s life insurance policy to someone else
A person can transfer his rights, title and interest in a life insurance policy to another by assigning it to him. This is usually done in order to provide security…
Shriram Life Insurance to expand to N. India in 2 years
“We have been mainly in South India till now. Expansion in next two years will be in North India,†T.K. Banerjee, Vice-Chairman, Shriram Life Insurance, told Business Line recently.
Dhruv Launches Insurance Grievance Management System for ECGC, a Government of India Enterprise
Dhruv Compusoft Consultancy Pvt. Ltd. a Bangalore-based software company, announced that it has launched Insurance Grievance Management System for Export Credit Guarantee Corporation of India Ltd.(ECGC), which integrates with IRDA's…
General insurance industry may grow by 20% annually
The Indian general insurance industry is likely to grow by around 20 per cent per annum in the coming years because of increasing penetration, a top official of New India…
Get ready to shell out more for motor, health & fire insurance
You may soon have to shell out more to buy motor, health or fire insurance. Concerned over the high level of losses in general insurance and pressured by a government…
INSURANCE INFORMATION BUREAU (IIB)
Insurance Information Bureau (IIB) was formed in October 2009 with the objective of facilitating in the efficient functioning of the insurance sector as well as for the protection of the…
Surveyors & loss assessors recent initiatives of IRDA
Surveyors and Loss Assessors (S&LAs) play an important role in assessment of losses arising out of a contingency insured under a policy of general insurance. Further, SLAs are necessary under…
Productivity of the tied insurance agents in life insurance in India
The tied distribution channels play the prime role in the sale of life insurance business. Therefore, use of mix of different distribution channels generally helps in spreading the business, developing…