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Most salaried are quite happy and content with their employers' health insurance schemes.
Most feel they do not need any more insurance. But in the past three
years, most Indian companies have been reducing the cover or insisting
on co-payment for employees' parents. In such circumstances, employer's
cover may not be enough. So, it is important the cover keeps pace with
rising costs.
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Showing posts with label home insura. Show all posts
Showing posts with label home insura. Show all posts
Friday, June 27, 2014
Don't depend on health cover by your employer
HNI To Be Benefitted With Additional Services From Insurance Companies
Alike banks, who gives priority
banking to its preferred customers, insurance companies have also come
out with the plan to provide specialized services to its High Net Worth
Individual (HNI) customers. This plan comes under two categories viz:
gold and silver. Under this, in addition to giving of personal advices
and services to its customers, insurance companies will also give
specialized products to these individuals. However this facility is
available if a customer’s renews the policy without any break.
http://www.myallagents.com/HNI-To-Be-Benefitted-With-Additional-Services-From-Insurance-Companies/details
http://www.myallagents.com/HNI-To-Be-Benefitted-With-Additional-Services-From-Insurance-Companies/details
With the Reserve Bank of India (RBI)’s steps to arrest the slide of the rupee leading to tight liquidity conditions, the retail investor is once again being drawn to short-term bank fixed deposits (tenures of less than a year). In the past few weeks, lenders such as HDFC Bank and YES Bank have raised interest rates on select maturities and it is expected others would follow in the near future.
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With the Reserve Bank of India (RBI)’s steps to arrest the slide of the rupee leading to tight liquidity conditions, the retail investor is once again being drawn to short-term bank fixed deposits (tenures of less than a year).
In the past few weeks, lenders such as HDFC Bank and YES Bank have raised interest rates on select maturities and it is expected others would follow in the near future.  |
Regulatory intervention, high inflation cripple insurance industry
The agent count at Reliance Life Insurance has fallen 26,000, or 8% to 1.24 lakh at the end of March 31, 2013 since 2012 when it sold a 26% stake to Nippon Life which valued the company at three times its embedded value. In January this year, INGGroup of the Netherlands sold 26% stake at a 25% loss to its JV partner ExideBSE 1.28 %after a decade-long battle trying to make sense out of the Indian Life Insurance marke
That simply is the tale of sliding fortunes of the Indian life insurance industry which until a few years ago was considered to be a sunrise industry promising decades of uninterrupted growth and loads of profits for shareholders  |
Complaints Against Insurance Companies On A Rise
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The
Central system of Insurance Regulatory and Development Authority that
keeps the data of complaints of policy holders against all the insurance
companies, for the year ending March 2013, posted a figure of 3.41
lakhs complaints against the life insurance companies. Majority of these
complaints were against insurance giant Life Insurance Corporation of
India, Birla Sunlife and Bajaj Allianz and were related to issue like
unfair business practice, alleged mis-selling by insurance companies
etc.
Further
the complaint cell stated that most of the complaints (more than 30%)
pertained to unfair business practice. Of the total 3.41 lakhs
complaints, 168,482 complaints were of unfair trade practices
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SKDRDP tops in small ticket LIC policy numbers
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MANGALORE:
Dharmasthala-based Shri Kshethra Dharmasthala Rural Development Project
(SKDRDP), the brainchild of D Veerendra Heggade, has become the leader
in implementing Jeevan Madhur LIC scheme by insuring 9.1 lakh poor persons since 2008.
As
a corporate agent of LIC, SKDRDP stands first in the country with
respect to number of policies and the first premium paid in this small
ticket policy.
Y
Vishwanath Gowd, senior divisional manager, LIC OF India, divisional
office, Udupi, said SKDRDP with this mission has covered insurance of
9.1 lakh policies with more than Rs100 crore first premium.
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