1-Introduction On 13/09/2014, Ministry of Road Transport and Highways, Government of India, uploaded the draft "Road Transport and Safety Bill, 2014 on its website inviting response from the public…
Planning your retirement savings is an important task, as you have to consider the financial flexibilities once you stop working for good. Shockingly, many Indians do not consider retirement savings…
Micro-Insurance - At the moment in practice:From its origin, the concept of insurance remains same - distribution or transfer of risk. Then shall we define micro-insurance as "if minimum number…
All large individual risk rating is a form of experience rating as they need to reflect the entity’s actual experience, or the features that may affect the…
Generally, individual rating is done for various reasons, such as the price charged to large risks are more accurate, or to encourage and motivate more risk…
All rates are based on various risk exposures that insurance may face. However the rate for use through a manual begins with the basic exposure unit, e.g. a residential house.…
The purpose of rate making is to set the prices of insurance products in such a way that it provides sufficient income to pay for the projected…
Life is full of uncertainties - unpredictable and unforeseen. While these uncertainties open us to immense possibilities to explore the life, they also leave us exposed to…
Introduction: Whenever a Customer approaches you - These ten commandants as stated below is to be observed as the basic ground rule: 1. Allow him / her…
A) Introduction In Asia - Pacific zones we are all witnessing unprecedented frequency and severity of Natural Catastrophe like Japanese Tohoku Seaquake Tsunamis causing financial…