ICICI Prudential Life Insurance fined massive 1.8 crores for IRDA rules violation
IRDA in its order dated 24th May 2012 has fined ICICI Prudential Life Insurance Co Ltd and directed it to pay Rs.1.18 crores within 15 days. This is the maximum…
Risk Management Audit
Risk Management Audit refers to the process of assessing and analyzing the risk and suggesting the improvement measures to be adopted for better management of Risk.
Life Insurance and Astrology
Surprising? Sounds Unusual! Yes although one may wonder what insurance has to do with astrology there is a definite linkage between the two extreme concepts.
Role of Insurance in the development of economy
From very rudimentary beginnings, the concept of insurance has travelled a long distance as to become an effective engine for the development of economy. The present day economy, it is…
Insurance as a social security tool
Individual’s income is dependent upon the investment of his time. Over a period of time, he saves sufficiently to provide for the time, when he is too old to earn.…
What is Insurance?
The first preamble to the first English Marine Insurance Statute of 1601 observed that by means of insurance “it shall come to pass that loss lighteth lightly upon many rather…
Health Insurance Policies sold in India
Health Insurance sector has come a long way in India since the opening of the market. Earlier only 2 policies were available. Mediclaim and Personal Accident. However with arrival of…
How to become an Insurance Surveyor
Want to become a Licensed Insurance Surveyor. Read the article for the procedure of becoming a Insurance Surveyor.
Why health insurance is regarded as an imperfect market?
Economists often describe health insurance as an imperfect market. To understand the concept we have to dwelt in deep the features of an imperfect market.
How much health Insurance is required?
The need for medical insurance increases with age. Disease may affect persons of any age may be a child, grown ups, young man or a old man. Accidents and injuries…