Guidelines on Stewardship Code for Insurers in India
Insurers should formulate a policy for Stewardship based on the principles indicated in these guidelines and get the approval of the Board for implementation of the same. The principles and…
The Mantra of Successful Selling Insurance Products
Successful selling is the essence of marketing. It revolves around the needs and interest of the seller. Infact, selling starts with the seller. Selling as an occupation is something that…
EXECUTION OF DISCHARGE VOUCHER & ITS LEGAL IMPLICATIONS IN INSURANCE CLAIMS
The discharge voucher is not a bar in filing a complaint before the Consumer fora. The mere execution of the discharge voucher would not always deprive the consumer from preferring…
Insurance Agent Role Will Transform but Continue to be Valuable in Digital Era
Risk Solutions As the insurance industry is pushing its efforts to increase the digital footprint, the moot question is, ‘what is the future of the oldest channel, the insurance agent…
REINSURANCE LIBERALISATION IN INDIA: WILL IT MAKE INDIAN INSURANCE MARKET SUSTAINABLE ?
With huge opportunity in India and rapidly growing middle class and a comparatively low insurance density relative to other national economies, India constitutes an attractive market of the future for…
Basics of Enterprise Risk Management
Risk management is not a subject that gives a product with clear price tag sold in the market such as life insurance, health insurance, general insurance, pensions etc. Such products…
Launch of Motor Insurance Service Provider (MISP) Portal
Automotive Dealers, besides handling their core activity of selling of vehicles, have always been an integral part in coordinating Insurance for Motor Vehicles. To recognize this role played by automotive…
Creating the Correct Proposition
In the last one and a half decade Indian insurance industry has witnessed a substantial change with the establishment of Insurance regulatory and development authority (IRDA) in 1999 and subsequent liberalisation of…
AAM AADMI BIMA YOJANA MICRO INSURANCE – PERFORMANCE ANALYSIS IN SOUTH ZONE
Abstract Life Insurance Corporation of India introduced various kinds products name as term insurance plan, money back plan, child plan, unit linked plan and micro insurance plan. These schemes are…
OUTSOURCING OF ACTIVITIES BY INDIAN INSURERS
For outsourcing of insurance activities, the IRDAI has issued the Regulations called IRDAI (Outsourcing of Activities by Indian Insurers) Regulations, 2017. The regulations dated April 20, but put on the…