Future Generali shifts focus to data analytics
Future Generali is shifting focus for using the data on millions of customers that outlets such as Big Bazaar or Home Town generate, instead of trying to selling any…
ICICI Lombard introduces ‘Photo Quote’ on mobile app
ICICI Lombard has introduced a "Photo Quote" feature on its mobile app "IL Insure". The feature is aimed at enhancing customers' purchase experience. Sanjeev S, Head (Marketing and…
Insurers are biggest source of funds for NBFCs: FSR
Insurance companies have been believed to be the largest source of funds for non-banking financial companies (NBFCs) as compared to scheduled commercial banks (SCBs), which were earlier their major…
TPA director should be MBBS graduate
The IRDAI in its exposure draft on third party administrator (TPA) has said that at least one of the director in a TPA should hold a minimum qualification of…
A STUDY ON CUSTOMER RELATIONSHIP MANAGEMENT IN THE LIFE INSURANCE INDUSTRY IN VIRUDHUNAGAR DISTRICT
Introduction Life Insurance is critical for the development of Indian economy. Apart from a brief dip in the year 2009 due to downturn, the industry has grown around 20 per…
Co-mingled Cargo
What is co-mingled cargo? The cargo is considered to be "Co-mingled" when a ship loads cargo of the same specification from different suppliers into the same hold or tanks with…
Use of social media for product promotions
Life Insurance companies are now eyeing the social media such as Facebook and twitter in order to enable agents for product promotion. Amit Roy, chief distribution officer, Aegon Religare…
Bajaj Allianz Life set to double agency force
Bajaj Allianz Life Insurance Company plans to double its 'active' agency force to about 60,000 agents this fiscal, according to its MD and CEO Amit Agarwal. Currently about 28 per…
LIC soon to operate in Bangladesh
Life Insurance Corporation of India (LIC) has been allowed to form a joint venture in Bangladesh, becoming the second foreign insurer to operate in the country officials said. …
One claim per day settled under PM’s insurance schemes
A total of 31 death and accident claims were settled in the last 33 days under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana…