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Sunday, July 25, 2010. Sell more policies for better renewal ratio: Insurance regulator. In order to increase the persistency or continuity of life insurance policies by policyholders, the Insurance Regulatory and Development Authority (IRDA) has suggested agents sell more policies per year. Where an agent falls short of achieving either of the above, they would have to achieve proportionately more in either one to make up for the shortfall. Reacting to IRDA's proposals, R Ramakrishnan, a member of the M...

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Sunday, July 25, 2010. Sell more policies for better renewal ratio: Insurance regulator. In order to increase the persistency or continuity of life insurance policies by policyholders, the Insurance Regulatory and Development Authority (IRDA) has suggested agents sell more policies per year. Where an agent falls short of achieving either of the above, they would have to achieve proportionately more in either one to make up for the shortfall. Reacting to IRDA's proposals, R Ramakrishnan, a member of the M...

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Sunday, July 25, 2010. Sell more policies for better renewal ratio: Insurance regulator. In order to increase the persistency or continuity of life insurance policies by policyholders, the Insurance Regulatory and Development Authority (IRDA) has suggested agents sell more policies per year. Where an agent falls short of achieving either of the above, they would have to achieve proportionately more in either one to make up for the shortfall. Reacting to IRDA's proposals, R Ramakrishnan, a member of the M...

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gicnews.blogspot.com

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GIC NEWS: Sell more policies for better renewal ratio: Insurance regulator

http://www.gicnews.blogspot.com/2010/07/sell-more-policies-for-better-renewal.html

Sunday, July 25, 2010. Sell more policies for better renewal ratio: Insurance regulator. In order to increase the persistency or continuity of life insurance policies by policyholders, the Insurance Regulatory and Development Authority (IRDA) has suggested agents sell more policies per year. Where an agent falls short of achieving either of the above, they would have to achieve proportionately more in either one to make up for the shortfall. Reacting to IRDA's proposals, R Ramakrishnan, a member of the M...

2

GIC NEWS: AI crash likely to generate Rs 400-cr claims

http://www.gicnews.blogspot.com/2010/05/ai-crash-likely-to-generate-rs-400-cr.html

Tuesday, May 25, 2010. AI crash likely to generate Rs 400-cr claims. The Air India Express flight 812 flying in from Dubai which crashed on Saturday while landing at Mangalore’s “table top” airport surrounded by deep gorges is expected to generate insurance claims worth over Rs 400 crore. Each passenger who has lost his/her life is entitled to receive a minimum of Rs 75 lakh which can rise if the family members of the passengers prefer to go the court of law demanding higher compensations. 8220;As a poli...

3

GIC NEWS: L&T General Insurance gets regulatory nod to start businress

http://www.gicnews.blogspot.com/2010/07/l-general-insurance-gets-regulatory-nod.html

Sunday, July 25, 2010. L&T General Insurance gets regulatory nod to start businress. L&T General Insurance Company has received final approval from the insurance regulator to commence business. The company is promoted by. The $9.8-billion engineering company, L&T, which controls 100% equity in the non-life company. He said health would be a major focus area for the company and L&T Insurance would eventually have its own health claim management team. For the short-term, however, it would outsource cla...

4

GIC NEWS: Public sector insurers to push for a common claims settling agency

http://www.gicnews.blogspot.com/2010/07/public-sector-insurers-to-push-for.html

Thursday, July 15, 2010. Public sector insurers to push for a common claims settling agency. The four government-owned non-life insurers - National Insurance, New India Assurance, Oriental Insurance and United India Insurance- will. Soon be taking forward their idea of floating a common third party administrator (TPA) to process the health insurance claims. Consulting firm KPMG had given a report on the feasibility of setting up a common TPA by the four companies a year ago. One such measure that is draw...

5

GIC NEWS

http://www.gicnews.blogspot.com/2010/07/irdas-fiat-on-insurance-agents-finds.html

Sunday, July 25, 2010. Irda's fiat on insurance agents finds many supporters. Insurance Regulatory and Development Authority’s (Irda) latest proposal to make life insurance agents more responsible while selling policies has elicited mixed reactions from life insurers. While some are of the opinion that the move is a step in the right direction and will bring in much-needed accountability, others feel the conditions prescribed are too stringent, resulting in many agents winding up their businesses. Guidel...

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lifeandgeneralinsuranceinindia.blogspot.com

Life and General Insurance in India: Nothing new for insurance sector: Experts

http://lifeandgeneralinsuranceinindia.blogspot.com/2011/03/nothing-new-for-insurance-sector.html

Life and General Insurance in India. Tuesday, March 1, 2011. Nothing new for insurance sector: Experts. Insurance companies have reacted in a varied manner to Finance Minister Pranab Mukherjee's proposals for the sector in his budget for 2011-12. Some termed it a boost for the players. The finance minister's announcement that the insurance bill will be considered in this session (of parliament) is a great boost to the industry," Nageswara Rao, CEO and MD, IDBI Federal Life Insurance Company Ltd, said.

lifeandgeneralinsuranceinindia.blogspot.com

Life and General Insurance in India

http://lifeandgeneralinsuranceinindia.blogspot.com/2011/03/waive-service-tax-on-insurance-premium.html

Life and General Insurance in India. Tuesday, March 1, 2011. Waive service tax on insurance premium. Recommendation, the non-life insurance sector has demanded the waiver of service tax on insurance premium and also substantial increase in tax deduction limit under section 80D for mediclaim policies.Alternatively, they should at least exempt health insurance products and the Government sponsored health schemes from the purview of service tax. The company-wise budget expectations are as follows:. Ii) Waiv...

lifeandgeneralinsuranceinindia.blogspot.com

Life and General Insurance in India: Insurance companies' IPOs next fiscal as IRDA gives final touches to equity norms

http://lifeandgeneralinsuranceinindia.blogspot.com/2011/01/insurance-companies-ipos-next-fiscal-as.html

Life and General Insurance in India. Tuesday, January 18, 2011. Insurance companies' IPOs next fiscal as IRDA gives final touches to equity norms. NEW DELHI: Insurance companies will be able to raise funds through public floats next fiscal with the insurance watchdog set to announce guidelines for equity issues by life insurance companies early next month. In October last year, market regulator Sebi had allowed life insurance companies to issue public offers. According to the draft guidelines compile...

lifeandgeneralinsuranceinindia.blogspot.com

Life and General Insurance in India: LINK TO INSURANCE SITES

http://lifeandgeneralinsuranceinindia.blogspot.com/2010/02/link-to-insurance-sites.html

Life and General Insurance in India. Tuesday, February 2, 2010. LINK TO INSURANCE SITES. Subscribe to: Post Comments (Atom). LINK TO INSURANCE SITES. Lic and gic union news. Picture Window template. Powered by Blogger.

lifeandgeneralinsuranceinindia.blogspot.com

Life and General Insurance in India: February 2010

http://lifeandgeneralinsuranceinindia.blogspot.com/2010_02_01_archive.html

Life and General Insurance in India. Tuesday, February 2, 2010. LINK TO INSURANCE SITES. Subscribe to: Posts (Atom). LINK TO INSURANCE SITES. Lic and gic union news. Picture Window template. Powered by Blogger.

lifeandgeneralinsuranceinindia.blogspot.com

Life and General Insurance in India: Different IPO norms for life, non-life insurance

http://lifeandgeneralinsuranceinindia.blogspot.com/2011/03/different-ipo-norms-for-life-non-life.html

Life and General Insurance in India. Tuesday, March 1, 2011. Different IPO norms for life, non-life insurance. The Economic Survey 2010-11 has proposed a different set of disclosure requirements for life and nonlife insurance firms for initial public offers (IPO) because of the distinct nature of the two businesses. 8220;While life insurance is a long-term contract, non-life or general insurance are usually of one-year contracts. In respect to life insurance companies, assumption of current and futur...

lifeandgeneralinsuranceinindia.blogspot.com

Life and General Insurance in India: March 2011

http://lifeandgeneralinsuranceinindia.blogspot.com/2011_03_01_archive.html

Life and General Insurance in India. Tuesday, March 1, 2011. Waive service tax on insurance premium. Recommendation, the non-life insurance sector has demanded the waiver of service tax on insurance premium and also substantial increase in tax deduction limit under section 80D for mediclaim policies.Alternatively, they should at least exempt health insurance products and the Government sponsored health schemes from the purview of service tax. The company-wise budget expectations are as follows:. Ii) Waiv...

lifeandgeneralinsuranceinindia.blogspot.com

Life and General Insurance in India: IPO norms for life insurance cos will be ready by February

http://lifeandgeneralinsuranceinindia.blogspot.com/2011/01/ipo-norms-for-life-insurance-cos-will.html

Life and General Insurance in India. Tuesday, January 18, 2011. IPO norms for life insurance cos will be ready by February. Public float guidelines for life insurance companies will only be ready by February, according to the Insurance Regulatory and Development Authority Chairman, Mr J Hari Narayan. The IPO guidelines compiled by IRDA for life insurance companies require companies to be in operation for the last 10 years. Last October, SEBI had approved life insurance companies to issue IPOs. Ac...8220;...

lifeandgeneralinsuranceinindia.blogspot.com

Life and General Insurance in India: March 2010

http://lifeandgeneralinsuranceinindia.blogspot.com/2010_03_01_archive.html

Life and General Insurance in India. Monday, March 15, 2010. UPDATED AS ON 15-07-2010. Labels: lic and gic union news. Subscribe to: Posts (Atom). UPDATED AS ON 15-07-2010. Lic and gic union news. Picture Window template. Powered by Blogger.

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Sunday, July 25, 2010. Sell more policies for better renewal ratio: Insurance regulator. In order to increase the persistency or continuity of life insurance policies by policyholders, the Insurance Regulatory and Development Authority (IRDA) has suggested agents sell more policies per year. Where an agent falls short of achieving either of the above, they would have to achieve proportionately more in either one to make up for the shortfall. Reacting to IRDA's proposals, R Ramakrishnan, a member of the M...

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