Term Insurance – Appreciate its full potential
Definition of Term Insurance is life insurance for a limited period of time. Prospects often faced with a sudden overwhelming liability for a limited period of time, need relief. Term…
Life Insurance Marketing in Rural Segment
With a network of 2048 fully computerized branch offices LIC is taking continuous effort to spread the awareness of life insurance into the rural masses especially in the backward and…
Relevance of Investigation and Importance of written statement in MOTOR THIRD PARTY CLAIM CASES
Motor insurance is the biggest and fastest growing portfolio in the Indian general insurance market. There has been an alarming increase in road accidents during recent years.
Motor Vehicles : The Road Killers
In the past few years, the number of registered vehicles, road accidents vis-Ã -vis the casualties and injuries to people have created a history. It is not death alone that is…
CONTEMPLATING MOTOR INSURANCE FREEPLAY
An arm of the Insurance Regulatory and Development authority, the Tariff Advisory Committee is all set to dismantle the Motor Tariff regime from April 2005. The Tariff, which at present…
Treatment of painting charges including materials and other miscellaneous expenses spent by insured in making the new spare parts to fit in the place of damaged parts in Motor O.D. Claims
Under partial losses of Insured vehicle, the question of treatment of cost of colour and painting charges and other miscellaneous expenses spent by insured on the new spare part to…
Third Party Motor Claim (A Solution)
Editorial The Economic Times, The price of risk Premia Must Reflect Profile of Insured. A group constituted by the Insurance Regulatory Authority of India (IRDA) has proposed fixing of motor…
Third Party Insurance is Pre-Requisite to Motoring on Indian Roads
The Claimant is also entitled to seek additional compensation on fault basis and this compensation is available without any limits on the basis of the earning capacity and age of…
Insurers are not aggrieved Party in Motor Third Party Awards?
There remains a doubt in the minds of many including the insurers practicing the compulsory motor insurance for years whether it is open to the insurer to prefer an appeal…
HEALTH INSURANCE for RURAL INDIA : A REVIEW
The level of healthcare spending in India, currently at over 6% of its total GDP is considerably higher than that in many other South Asian developing countries. Moreover, more than…