Benefit from the Income Tax Slabs for FY 2014 – 2015
When planning your finances, it is important for you to understand tax slabs and deductions. The tax slab for FY 2014-2015 and AY 2015-2016 has given an…
BMI & Insurance Rates – How does BMI Affect your Insurance Premium
BMI which is the body mass index is an important tool considered by insurance companies in determining the insurance premium amount. This is because BMI can clearly indicate whether depending…
Research on Fraud in Health Insurance Sector in India
Insurance Sector in India is expanding rapidly with stiff competition in the insurance industry. As the market is growing the chances of fraud cannot be overruled. The insurance industry is…
Direct Taxes Code 2013- KPMG INDIA
In August 2009, the Government unveiled the Direct Taxes Code, 2009 (DTC 2009) along with a discussion paper for public comments to replace the Income-tax Act, 1961 and the Wealth…
MetLife Names Ralph Brunner as Chief Marketing Officer for Asia
HONG KONG --MetLife, Inc. announced that Ralph Brunner has joined the company as its Chief Marketing Officer for the Asia region. Brunner, who is also a member…
The Experience rating method.
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…
The process of Individual risk rating method
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…
How are the Rating Structure made in Underwriting of policies in general insurance?
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.…
Purposes of rate making in general insurance.
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…
THE ‘COMPLAINT-AS-GIFT’ STRATEGY THAT NEEDS TO BE ADOPTED IN OUR INDIAN INSURANCE OPERATIONS
INTRODUCTION: In this competitive insurance market in India, we need to become very much comfortable with the idea that a complaint is a gift that there is…