Need of health insurance ?
In a country like India, where maximum medical expenses are borne by individuals themselves , planning for health expenditure needs to be inculcated. Unpredictable major illnesses may require substantial amounts…
What is health Insurance ?
Health Insurance is a way to distribute the financial risk associated with the variation of individual's health care expenditures by pooling costs over time (pre-payment) and over…
LIC tops the tax defaulter’s list
The list of top tax defaulters provided by the Income Tax department features Life Insurance Corporation of India at the top that has over Rs 7000 crore…
Problems involved in Risk Financing through the use of contingency fund
Sometimes, some organizations desire to retain risks internally to cope up with large and unpredictable losses and charge them against operating costs. The idea is to…
Steps of formulating Risk Management Program in a corporate enterprise
Regardless of the type of companies and the type of management, it is highly desirable that there be an overall corporate risk philosophy is agreed upon and a set of…
Effective risk management, depends to a large extent, on the use of probability concepts.
Effective risk management truly depends to a large extent on the use of probability concepts. Particularly, probability concepts are used to estimate: (i)the average number of losses…
Top small cars are prone to life threatening road accidents
Small cars from some of the leading brands sold in India has failed miserably in crash cases showing high risk of life threatening injuries in road accidents, according to Global…
Free insurance cover to Amarnath pilgrims
All pilgrims that hold valid permits for this year's Amarnath Yatra will be provided a free insurance cover of Rs 1,00,000 against accidental death within the state during the entire…
Bihar govt plans insurance scheme for panchayat representatives
Panchayati Raj and Rural Works Department Minister of Bihar, Bhim Singh stated recently that the state government is planning to bring out an insurance cover scheme for the panchayat representatives…
Frequently Asked Questions about Insurance Repository
1. What is Insurance Repository? “Insurance Repository” means a company formed and registered under the Companies Act, 1956 (1 of 1956) and which has been granted a certificate of…