IRDA cancels Corporate Agency License of M/s. Abira Insurance Services Ltd, a group concern of Golden Trust Financial Services

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Created on 30 April 2012 Last Updated on 14 March 2013 Published Date
Written by Bimabazaar- Adminstrator

IRDA cancels Corporate Agency License of M/s. Abira Insurance Services Ltd, a group concern of Golden Trust Financial Services due to violation of rules and regulation of IRDA

 

ORDER OF THE INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY IN RESPECT OF M/S. ABIRA INSURANCE SERVICES LIMITED

1. M/s Abira Insurance services Ltd. (herein after referred to as ‘the Corporate Agent’) was granted a license bearing number 2498927 on 20th July,2006 to act as a corporate agent of M/s Max New York Life Insurance Co. Ltd. (hereinafter referred to as ‘the insurer), for a period of three years.

The said license was renewed in the year 2009 for a further period of three years and hence valid upto 19.07.2012. In terms thereof, the Corporate Agent was subject to the terms and conditions of the license issued to it and was also required to abide by the relevant provisions of the Insurance Act, 1938 (hereinafter referred to as ‘the Act’), the Insurance Regulatory and Development Authority Act, 1999 (hereinafter referred to as ‘the IRDA Act, 1999), the Insurance Regulatory and Development Authority (Licensing of Corporate Agents) Regulations, 2002 (hereinafter referred to as ‘the Regulations’) and other directions issued by the Authority from time to time by way of circulars and/or guidelines particularly, Circular No. 017/IRDA/Circular/CA Guidelines/2005 dated 14th July 2005 (hereinafter referred to as ‘the Guidelines).

2. By virtue of powers vested in the Authority under section 14 (2) (h) of the IRDA Act, 1999 the Authority has conducted an On Site Inspection of the corporate agent at its office at Kolkata on 29th February 2008. Based on the findings of the inspection report, the Authority issued a notice to Show Cause vide letters dated 11th November,2009 & 9th April,2011 to the corporate agent.

Responses dated 30th November, 2009 and 29th April, 2011 were received from the corporate agent to the above referred show cause notices. Vide Show cause notice dated 9th April, 2011 and the Authority’s letter dated 22.12.2011, the corporate agent was advised whether they desire to have an opportunity of personal hearing. However vide reply dated 24.12.2011 the corporate agent did not seek opportunity of being heard. Hence it has been decided to proceed on the basis of material available on record.The following decisions have been taken on each of the charges:-

i) Charge 1: Corporate Agency License bearing no. 1416667 was granted to Golden Trust Financial Services by LIC of India on 06/10/2006 which was valid upto 05/10/2009.The same set of individual belonging to M/s Golden Trust Group have floated Abira Insurance Services Ltd and obtained another corporate agency license bearing no.2498927 on 20.07.2009 from Max New York Life Insurance Co.Ltd. without disclosing about insurance related activities of any of the members of its group. This amounts to violation of Clause 5 of Guidelines on Licensing of Corporate Agents issued vide Circular No.017/IRDA/Circular/CA Guidelines/2005 dated 14th July, 2005.

Decision:The corporate agent has denied the charges and stated that Abira Insurance Services is having an independent and distinct identity without belonging to any group and exclusively engaged in distribution of insurance products of the Insurer. On examination of the inspection observation, reply of the corporate agent, and other related documents it is observed that the following three corporate agency licenses have been obtained from LIC & MNYL.

Mr.Babaesh Majumdar is promoter of the entity at Sl.No.1 above and holding 89% share in the said entity. The major shareholder in the entity at S.No.3 is Mrs. Abira Majumdar D/o Babesh Majumdar. Her stake in the said entity is 79.72%. Hence in terms of Clause 5 of Guidelines, the above two entities are regarded as being in same group. The Corporate Agent hasobtained second license within its group without disclosing the insurance related activities of the members of the group

Further, it is also observed that the entity at Sl.No.2 has obtained a corporate agency license which was valid upto 12.08.2006. The following three persons were partners in the said entity:-
a. Ms. Abira Majumdar
b. Mr.Amitava Sengupta
c. Mr.Subrata Majumdar

All the above listed three persons areshareholders in M/s Abira Insurance Services which was granted a license mentioned at Sl.3 of above table by the same insurer on 20.07.2006. In view of this the corporate agent has knowingly obtained second license within the group by circumventing the provisions of Clause 5 of the Guidelines.

ii) Charge 2:It is observed that the following specified persons of corporate agent were also holding similar position with another corporate agent namely, Golden Trust Financial Services Ltd.

Mr.Arup Ranjan Poddar, Mr.Chandan Jash, Mr.Siddartha Roy, Mr.Rakesh Kumar, Mr.Amit Karak, Ms.Susanta Pal, Mr.Partha Sarathi Saha, Mr.Rajarshi GuhaMallik, Mr.HarshnathJha andMr.SandipSarkar. This is in violation ofRegulation 9(2)(iv) of IRDA (Licensing of Corporate Agents) Regulations,2002, which specifically bars Specified Persons from holding similar position with another Corporate Agent.

Decision:The corporate agent has admitted that nine persons mentioned above were engaged as SP’s while they were acting as SP’s of GTFS. They denied the engagement of Mr. Partha Sarathi as their SP. 

In view of this,the corporate agent has violated provisions of Regulation 9(2)(iv)and Regulation 9(1) (a) of IRDA (Licensing of Corporate Agents) Regulations, 2002.

iii) Charge 3:Clause 3.3 of Corporate Agency agreement requires the Corporate Agent to keep insurer informed regarding the profile of CIE and Sales Executives at the time of hiring. It has been observed that Mr. Rizwan Ahmed who is the CIE of M/s ABIRA Insurance Services Ltd (of Kolkata) is also found as CIE of NOVA Financial Services (of Lucknow).This is in violation of Regulation 9(2)(iv) of IRDA (Licensing of Corporate Agents) Regulations, 2002 and Regulation 9(1) (a) of IRDA (Licensing of Corporate Agents) Regulations,2002.

Decision; The corporate agent submitted that they had no information about his association with NOVA Financial Services. As per the database available with the Authority it is evident that Mr.Rizwan Ahmed acted as CIE of M/s Nova Financial Services, corporate agent of TATA AIG Life vide license no.1623962.It is pertinent to mention here that in terms of Cl.7 of guidelines dated 14.07.2005 the CIE shall be the whole time employee of the corporate agent. In view of this the person referred above is construed to be whole time employee of Abira and GTFS Ltd during his common tenure as CIE of both the entities.

Therefore, it is clear that the corporate agent did not have control on the activities of CIE, which amounts to violation of Regulation 9(2)(iv)and Regulation 9(1) (a) of IRDA (Licensing of Corporate Agents) Regulations,2002.

iv) Charge 4:The corporate agent has not submitted the following documents to the inspection team despite repeated requests.
a. Copy of minutes of board meeting in which appointment of CIE is finalized.
b. Original set of annual records filed with ROC

Decision:Thecorporate agent has submitted that as there was no request from the inspection team, they had not furnished the same. Since there is no written record of such request by inspection team in the file,it is decided to drop this charge.

v) Charge 5:It is observed that the corporate agent is operating from 16, Ne S B Mansion, RN Mukherjee Road which is different from the present registered address i.e.p-12,CIT Rd.3rd Floor, Kolkata.

Decision: The corporate agent denied the charge and submitted that their registered address as p-12, CIT Road,3rd Floor,Kolkata-14.As per the inspection report, the team first visited the office located at 16, RN Mukherjee Road which is a multi-storied building housing different entities of Golden group. The team met Mr. Rizwan Ahmed CIE of corporate agent there. Further it is also mentioned in inspection report that the corporate agent had effected change of address to P-12, CIT Road. The team had visited this office and found that no administrative activity was carried out in that office. However the charges are not pressed since a specific violation has not been established.

3. Taking cognizance of the gravity of the charges at (1),(2) & (3) above and on a judicious exercise of the powers vested in the Authority under Section 14(1) of the IRDA Act, 1999 and section 42(5) of the Insurance Act, 1938, read with Regulation),11(b), 11(c),of IRDA (Licensing of corporate agents) Regulations, 2002, the license bearing No.2498927 granted to M/s Abira Insurance Services is cancelled with immediate effect. The corporate agent is hereby ordered along with insurer with whom it is attached to, to make necessary arrangements for servicing of insurance policies earlier serviced/being serviced by it, under intimation to the Authority.

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Car Insurance from Bharti AXA General...

Key benefits Instant policy 24 X 7 Claims help Get Cashless claims at 2700+ garages Get No Claim...

My Home Insurance Cover from Bajaj Allianz General Insurance
My Home Insurance Cover from Bajaj...

My Home Insurance All Risk Policy will protect not only home, but also the belongings inside it,...

Pravasi Bhartiya Bima Policy from IFFCO Tokio general insurance
Pravasi Bhartiya Bima Policy from...

What the Policy Cover? Section – 1 : Personal Accident-This Section covers for a Sum Insured of...

BHARTI AXA LIFE FUTURE INVEST PLAN
BHARTI AXA LIFE FUTURE INVEST PLAN

It is an Investment Plan where one can invest money for a limited time-frame and reap good...

IDBI Federal Termsurance Life Protection Insurance Plan
IDBI Federal Termsurance Life...

It is a non-linked, non-participating insurance plan that protect the family in case of an...

Edelweiss Tokio Life – Income Replacement
Edelweiss Tokio Life – Income...

An ideal plan to ensure continuity of monthly income for the family after death of bread winner....

What Is Solvency Ratio in Life Insurance?
What Is Solvency Ratio in Life...

Solvency Ratio is a key metric used to determine the ability of a life insurance company to meet...

Save Assure Traditional Endowment Plan from Bajaj Allianz
Save Assure Traditional Endowment...

Key Features Bajaj Allianz Save Assure is a Limited Premium Payment, Non-Participating, Non...

LIC to get 1.6 million shares on discount
LIC to get 1.6 million shares on...

LIC will get 1.6 million shares at Rs 96.63 each, a slight discount to the market price of Rs...

LIC increases stake in Auto industry
LIC increases stake in Auto industry

Life Insurance Corporation increased its stake in all the three listed automobile companies,...

LIC's Gulf arm tops overseas chart
LIC's Gulf arm tops overseas chart

LIC has had a good run in the Gulf countries with its Bahrain-based arm LIC International that...

Salient features of Bajaj Allianz Car Insurance Policy
Salient features of Bajaj Allianz Car...

Car insurance policy is very important to keep your luxurious asset safe and sound. You do not...

IRDAI gives approval to 23 cross-border reinsurers
IRDAI gives approval to 23...

The Insurance Regulatory and Development Authority of India has granted special approval to 23...

Analytics must for expanding reach of insurance: IRDAI
Analytics must for expanding reach of...

Use of data analytics will improve product design and distribution which will expand the reach...

Best pension plans in India-How to choose them?
Best pension plans in India-How to...

Retirement planning is not only important for your security but the comfortable sunset years....

IRDAI may allow insurers to invest in banks' AT-1 bonds
IRDAI may allow insurers to invest in...

The additional tier-1 (AT-1) bond market, which has been witnessing subdued demand, is likely to...

IRDAI gives a nod to 16 FDI proposals worth Rs 14,592 cr
IRDAI gives a nod to 16 FDI proposals...

IRDAI has approved as many as 16 proposals amounting to Rs 14,591.9 crore as foreign investment....

United India gets Rs. 45-crore claim from FICCI for gutted Delhi building
United India gets Rs. 45-crore claim...

United India Insurance has received a claim from the Federation of Indian Chambers of Commerce...

National Insurance and New India Assurance keen on strategic sale
National Insurance and New India...

Finance minister Arun Jaitley may have cleared the way for public listing of state-owned general...

New India Assurance targets global premium of Rs 20,800 crore in current fiscal
New India Assurance targets global...

Country's largest non-life insurer New India Assurance is targeting to achieve a global premium...

Nuclear plants insured by New India Assurance
Nuclear plants insured by New India...

India’s first insurance policy covering public liability to an atomic power plant operator has...

Jan Suraksha insurance schemes see no premium hikes in FY 17
Jan Suraksha insurance schemes see no...

Insurance schemes under the Pradhan Mantri Jan Suraksha Yojana will not see any premium increase...

Directors' & Officers' cover gaining popularity
Directors' & Officers' cover gaining...

With the authorities tightening the screws on directors and senior corporate bosses after...

Insurers using drones to check crop yields
Insurers using drones to check crop...

Private insurance companies are using drones to photograph farms and if permitted by the...

Myths about SME Finance
Myths about SME Finance

Small and medium enterprises (SMEs) play an important part in the growth of the economy. The...

My: Asset-Insta Home Insurance from L & T General Insurance Company
My: Asset-Insta Home Insurance from L...

With the Insta home insurance Plan, the customer doesn't have to deal with time consuming...

Health Secure Plan from Aviva Life Insurance Company
Health Secure Plan from Aviva Life...

OverviewDue to the current lifestyle and stress levels, incidents of critical illnesses,...

College of Insurance Aviation...

Relevance of the program: - Aviation insurance policies are distinctly different from those for...

Certificate course on "Compliance,...

III is pleased to inform that they have introduced a Certificate Course on "Compliance,...

POST GRADUATE DIPLOMA IN HEALTH INSURANCE
POST GRADUATE DIPLOMA IN HEALTH...

The College of Insurance, the training arm of the Insurance Institute of India, in association...

LIC uses market volatility to raise stake in companies
LIC uses market volatility to raise...

Life Insurance Corporation of India has used market volatility during the March quarter to raise...

LIC wants Axis bank to sell its life products
LIC wants Axis bank to sell its life...

LIC owns about 15% in Axis Bank, but now it's pushing Axis bank to sell insurance policies...

LIC eyes to double policy sales at 4 crore; intends to hire 2 lakh agents
LIC eyes to double policy sales at 4...

LIC is aiming to double its business in terms of new policy issuance to four crore in the...

IRDAI squeezes norms for insurance IPOs
IRDAI squeezes norms for insurance IPOs

Insurance Regulatory and Development Authority of India (IRDAI) will make certain changes to its...

IRDAI instruct insurers not to depend on banks for selling policies
IRDAI instruct insurers not to depend...

The insurance regulator has warned life companies against overdependence on banks for selling...

IRDAI asks Universal Sompo General Insurance's Japanese MD to step down
IRDAI asks Universal Sompo General...

The Insurance Regulatory & Development Authority of India has ordered Universal Sompo...

Insurers may have to lower agent commission for certain products
Insurers may have to lower agent...

Insurers may soon have to lower commissions to insurance agents in certain product categories,...

Companies rope in global travel risk firms
Companies rope in global travel risk...

  Most companies have mailers sent out by the central travel desk that advise employees on the...

Future Generali eyes 30% growth in rural, micro insurance business
Future Generali eyes 30% growth in...

Future Generali is expecting 30 per cent growth in India's rural and micro insurance sector in...

Mistakes to Avoid While Buying Health Insurance Plans Online
Mistakes to Avoid While Buying Health...

  Health insurance is an investment towards a healthier, more secured future. Health insurance...

Life Insurance & Married Women’s Property Act (MWP Act) - Details and Benefits
Life Insurance & Married Women’s...

  The Married Women’s Property Act aims to protect properties of women from creditors. Under this...

Issues Faced by Home Loan Seekers
Issues Faced by Home Loan Seekers

  There are people who save up all through their lives to buy their houses using only their own...

M Ravichandran expresses views on IRDAI norms for selling and servicing of insurance policies through e-commerce platform
M Ravichandran expresses views on...

  Mr. M Ravichandran, President-Insurance of Tata AIG General Insurance has expressed his views...

Want to Send Your Child Overseas For Studies?
Want to Send Your Child Overseas For...

  For most parents, one of their most important goals is to educate their children in best...

Tax Benefits of Health Insurance
Tax Benefits of Health Insurance

  Insurance policies not only protect your life and health but also give you tax benefits for the...

Relevant Motor Insurance for Your Monsoon Adventures
Relevant Motor Insurance for Your...

  The scorching summers have almost come to an end now. It's time to cool off in the monsoon...

Benefits of Having Fixed Deposit Accounts
Benefits of Having Fixed Deposit...

  Any investment portfolio should have the right mix of safe, moderate and risky investments....

How an Emergency Fund Can Make You Happier
How an Emergency Fund Can Make You...

  What will you do if you lost your job tomorrow? Will you be able to pay the rent for next...

Features and Benefits of Availing Used Car Loan from Tata Capital
Features and Benefits of Availing...

  In last few years, there has been a growing trend among the people to regularly upgrade...

Why is it Important for You to Buy a Life Insurance Policy
Why is it Important for You to Buy a...

  'It is health that is real wealth and not pieces of gold and silver' - Mahatma Gandhi echoed...

Features and Benefits of Availing New Car Loan from Tata Capital 
Features and Benefits of Availing New...

  Thinking of buying your first car? We can tell you straight away that its one of life’s...

Financing a Tractor Purchase
Financing a Tractor Purchase

  The Indian agriculture sector has a very long history and even today it accounts for the bulk...

Health Insurance for Seniors - Summary of Budget 2016
Health Insurance for Seniors -...

  Government in its budget of 2016 has introduced a new health insurance scheme that targets...

New India Assurance preps for FY17 listing
New India Assurance preps for FY17...

New India Assurance, is all set to go public in the next fiscal year, said a top company...

Remedinet Technologies - simplifying back-end of Cashless Health Insurance Claims
Remedinet Technologies - simplifying...

  Remedinet is a cloud-based platform simplifying the back-end of cashless health insurance...

Nucleus Software’s FinnAxia and FinnOne Neo now available over Cloud
Nucleus Software’s FinnAxia and...

  Nucleus Software makes FinnOne Neo (lending solution) and FinnAxia (transaction banking...

Quote by Mr.  Arijit Basu, MD & CEO, SBI Life Insurance, on Budget 2016 announcements:
Quote by Mr. Arijit Basu, MD & CEO,...

  “The Government’s endeavour to educate the common man on the importance of having life security...

Budget views of Mr. Krishnamoorthy Rao, MD & CEO, Future Generali India Insurance
Budget views of Mr. Krishnamoorthy...

  “This year’s budget announcements are reflective of the Government’s intent to move towards a...

Pre-Budget Expectation from Deepak Mittal, MD and CEO, Edelweiss Tokio Life Insurance
Pre-Budget Expectation from Deepak...

The elderly will form 20% of India’s population by 2050. As a nation, we are not adequately...

Pre Budget Note: An Opportunity to Transform Life Insurance Industry
Pre Budget Note: An Opportunity to...

Budget 2016 -17 can transform the life insurance industry in the country. Life insurance...

Former UIIC Director, Asha Nair, joins the Board of Directors at Remedinet Technologies
Former UIIC Director, Asha Nair,...

The health insurance sector in India today is at a very critical juncture where changes and...

The Essentials of Fixed Deposits
The Essentials of Fixed Deposits

  Every investment avenue provides a certain rate of return, which can be either fixed or...

Pre Budget Expectations By Mr Miranjit Mukherjee, Chief Financial Officer, Tata AIG General Insurance Co Ltd
Pre Budget Expectations By Mr...

  With regard to the mood on the overall business environment and reducing blockages... While the...

Budget Expectations 2016 – 2017 by KG Krishnamoorthy Rao, MD, CEO, Future Generali India
Budget Expectations 2016 – 2017 by KG...

  It is but quite natural for our expectations to be high from this year’s Union Budget given the...

5 Financial Challenges You Face in...

  You have completed your education from one of the premier institutes in the country and are...

An Outlook for the Year 2016
An Outlook for the Year 2016

  Mr. K.G. Krishnamoorthy Rao, Managing Director and Chief Executive Officer, Future Generali...

India to control 49% of foreign ownership: IRDA
India to control 49% of foreign...

      The Insurance Laws (Amendment) Act, 2015, passed during Parliament's budget session,...

IRDA forms panel for transparency in motor insurance
IRDA forms panel for transparency in...

      Insurance regulator IRDAI set up a seven-member committee to suggest ways to bring...

IRDA: Govt should drop tax on insurance maturity proceeds
IRDA: Govt should drop tax on...

      Insurance regulator Irda will take up with the government the issue of 2 per cent income...

Insurance penetration is 3.9% in present India
Insurance penetration is 3.9% in...

  Insurance penetration in India at 3.9 per cent was below the world average of 6.3 per cent in...

Global insurers to face 10% increase in capital charges
Global insurers to face 10% increase...

  Global insurers with the greatest ties to the financial system would face an average increase...

Insurers want a game with ISL
Insurers want a game with ISL

  The Indian Super League, which has attracted some of the top - though mostly retired -...

A Buyer’s Guide to Family Health Insurance Plans in India
A Buyer’s Guide to Family Health...

  Family floater plans cover all the members in a family, unlike individual plans that cover only...

Common Retirement Pitfalls and How to Avoid Them
Common Retirement Pitfalls and How to...

  After working hard for most of your life, retirement years are among the best in your life. Now...

Health Insurance Regulation in India

Pre regulation market The Indian Parliament passed The General Insurance Business...

Insurance penetration at 10-year low

Insurance penetration, measured as a percentage of premiums to a country's gross domestic...

Dengue Care Plan from Apollo Munich Insurance
Dengue Care Plan from Apollo Munich...

  Our first of a kind Dengue Care plan offers coverage for any medical expenses incurred on...

Travel Insurance Plan from Reliance General Insurance
Travel Insurance Plan from Reliance...

  Glad you made a quick pre-trip stopover to get your travel insurance online with Reliance...

Insure Smart Plan from Canara HSBC Oriental Bank Of Commerce Life Insurance
Insure Smart Plan from Canara HSBC...

  Canara HSBC Oriental Bank Of Commerce Life Insurance company's Insure Smart Plan is a unit...

Lifesurance Whole Life Plan (UIN 135N035V01) from IDBI Federal Life Insurance
Lifesurance Whole Life Plan (UIN...

  Plan Overview IDBI Federal Lifesurance Whole Life Savings Insurance Plan is a non-linked...

Household Savings in India - A...

I. Introduction Savings play a pivotal role in the capital formation of any country. The gross...

Healthcare System of India

Healthcare system of India is a mess. Results of the National Sample Survey 60th round bring out...

OPERATIONAL CHALLENGES AND SWOT...

Introduction: Liberalizations and deregulation of the financial sector, the greater use of...

Swasthya Kavach- Wider (Family Health Insurance) from Iffco Tokio Health Insurance
Swasthya Kavach- Wider (Family Health...

  Eligibility Entry Age (years) Minimum: 18 Maximum: 60 Maximum Policy Renewal Age (years): 80...

Assure Plus from Future Generali Life Insurance
Assure Plus from Future Generali Life...

  The plan offers multiple term options to suit your needs. Based on your financial goals, you...

Pension business of life insurers plunges 90% to Rs 2,000 cr in FY15
Pension business of life insurers...

  The life insurance industry is bearing the brunt of a 90 per cent fall in pension business due...

Future Generali eyes growth on economy pickup
Future Generali eyes growth on...

  Future Generali India Insurance Company, a joint venture between retail giant Future Group and...

SBI Life to Expand Bancassurance by 50%
SBI Life to Expand Bancassurance by 50%

  The country's biggest banking network SBI along with its insurer is planning to expand...

Database to prevent insurance fraudulent claims
Database to prevent insurance...

  The Life Insurance Council, an apex industry body of life insurance companies, is planning to...

Aggressive bidding likely for Air India's $9 bn insurance cover
Aggressive bidding likely for Air...

  Insurance companies are getting ready to bid aggressively for Air India $9 billion (around...

Insurance valuations an enigma: CII-Towers Watson study
Insurance valuations an enigma:...

  A joint study by the Confederation of Indian Industry (CII) and Towers Watson has revealed that...

Ulips are cheaper, yet not useful

With the stock market going up, unit-linked insurance plans (Ulips) seem to be making a comeback....

What constitutes the commission...

One of the major changes in insurance rules effected by the Insurance Laws Amendment Ordinance is...

Life Insurance Council gets executive council
Life Insurance Council gets executive...

  The Life Insurance Council has elected its first Executive Committee. The Executive Committee...

PNB Met Life launches term plan
PNB Met Life launches term plan

  PNB MetLife India Insurance has strengthened its portfolio of online insurance solutions with...

LIC emerged as a market leader in Bahrain, No. 3 in the UAE
LIC emerged as a market leader in...

  Life Insurance Corporation (LIC) - India's top life insurer has emerged as the market leader in...

Need for Tech-based crop insurance solutions: IRDAI
Need for Tech-based crop insurance...

  With the growing demand of technology-based changes to make crop insurance full proof the...

IRDAI puts a check on bancassurance to curb mis-sale
IRDAI puts a check on bancassurance...

  The Insurance Regulatory and Development Authority of India has put norms against forced...

Barrage of insurance rules to flood sector
Barrage of insurance rules to flood...

  The IRDAI is set to bring out a number of new rules to conform to the New Insurance Act...

Chhattisgarh to adopt national insurance cover for seven crops
Chhattisgarh to adopt national...

  Chhattisgarh government had decided to implement the National Agriculture Insurance Policy and...

A cashless treatment for road accident victims: Modi
A cashless treatment for road...

  The Modi government is planning to have cashless treatment facilities in more parts of the...

Pvt. Execs can search jobs in Govt. General Insurers
Pvt. Execs can search jobs in Govt....

  Senior executives of private insurance companies, bureaucrats and officials of IRDAI can now...

Which Health Insurance Plan is Right for you?
Which Health Insurance Plan is Right...

  Health insurance is a plan which gives coverage for your medical expenses. It greatly reduces...

Health Suraksha from HDFC ERGO
Health Suraksha from HDFC ERGO

  With the HDFC ERGO Health Suraksha health insurance plan, you get access to a network of more...

Complete Health Insurance Plan from Universal Sompo General Insurance Co. Ltd
Complete Health Insurance Plan from...

  Product Features: Speedy Policy Process Instant Policy can be bought online or through agents...

TWO WHEELER INSURANCE from Shriram General Insurance
TWO WHEELER INSURANCE from Shriram...

  Shriram General Insurance’s Two Wheeler Insurance Policy aims to protect you from the financial...

AEGON Religare Guaranteed Growth Insurance Plan
AEGON Religare Guaranteed Growth...

  Why buy this plan? If you are looking for an investment plan that guarantees returns, this plan...

DREAM SMART PLAN from Canara HSBC Oriental Bank of Commerce Life Insurance
DREAM SMART PLAN from Canara HSBC...

  EVERYONE HAS A SPECIAL DREAMYour future is defined by your dreams for yourself and your loved...

AAM ADMI BIMA YOJANA from LIC
AAM ADMI BIMA YOJANA from LIC

  Ministry of Finance, Government of India has approved the merger of Social Security Schemes...

LIC holds strong banking linkages
LIC holds strong banking linkages

  Life Insurance Corp. of India or LIC is ranked as the country's 11th largest insurer in terms...

Life Insurance sector triggers 20% growth in Q1
Life Insurance sector triggers 20%...

The life insurance industry has sold additional 60% Group Single Premium policies, mopping up...

LIC elevates 2 women to top brass
LIC elevates 2 women to top brass

  Life Insurance Corporation (LIC) is continuing with its trend to place female employees in a...

IRDAI penalizes Reliance Life Insurance  for norms violations
IRDAI penalizes Reliance Life...

  The Insurance Regulatory and Development Authority of India has imposed Rs.85 lakh penalty on...

IRDA dwindle distributors commissions
IRDA dwindle distributors commissions

  The Insurance regulator under the proposed new rules has decided to reduce the commissions that...

PM's insurance plans records 300 claims till now
PM's insurance plans records 300...

  The government's New Accident and Life Insurance covers have already received more than 300...

PSU General Insurers on Promotion Spree, Elevate 21 DGMs to GMs
PSU General Insurers on Promotion...

  Public sector general insurers have promoted their 21 young officials to the posts of General...

New India Assurance records 42% increase in Q1 profit
New India Assurance records 42%...

  New India Assurance reported a 42 percent jump in net profit at Rs.441 crore in the first...

HEALTHY GROWTH OF HEALTH INSURANCE

  Clocking a compounded annual growth rate (CAGR) of 20 per cent, India's health insurance...

Repay Personal Loan Conveniently with Tata Capital
Repay Personal Loan Conveniently with...

Getting a personal loan is easy, especially with online applications, minimal paperwork and...

New India Assurance company chief gets two-year extension
New India Assurance company chief...

The tenure of New India Assurance Company's CMD, G Srinivasan was today extended for little over...

Tractor Finance – A Boon for Farmers
Tractor Finance – A Boon for Farmers

Agriculture has been and continues to be the largest sector of the Indian economy. This sector...

New India Assurance, GIC gets nod for IPO
New India Assurance, GIC gets nod for...

New India Assurance and General Insurance Corporation have obtained approval from their...

Car Insurance from Bharti AXA General Insurance
Car Insurance from Bharti AXA General...

Key benefits Instant policy 24 X 7 Claims help Get Cashless claims at 2700+ garages Get No Claim...

My Home Insurance Cover from Bajaj Allianz General Insurance
My Home Insurance Cover from Bajaj...

My Home Insurance All Risk Policy will protect not only home, but also the belongings inside it,...

Pravasi Bhartiya Bima Policy from IFFCO Tokio general insurance
Pravasi Bhartiya Bima Policy from...

What the Policy Cover? Section – 1 : Personal Accident-This Section covers for a Sum Insured of...

BHARTI AXA LIFE FUTURE INVEST PLAN
BHARTI AXA LIFE FUTURE INVEST PLAN

It is an Investment Plan where one can invest money for a limited time-frame and reap good...

IDBI Federal Termsurance Life Protection Insurance Plan
IDBI Federal Termsurance Life...

It is a non-linked, non-participating insurance plan that protect the family in case of an...

Edelweiss Tokio Life – Income Replacement
Edelweiss Tokio Life – Income...

An ideal plan to ensure continuity of monthly income for the family after death of bread winner....

What Is Solvency Ratio in Life Insurance?
What Is Solvency Ratio in Life...

Solvency Ratio is a key metric used to determine the ability of a life insurance company to meet...

Save Assure Traditional Endowment Plan from Bajaj Allianz
Save Assure Traditional Endowment...

Key Features Bajaj Allianz Save Assure is a Limited Premium Payment, Non-Participating, Non...

LIC to get 1.6 million shares on discount
LIC to get 1.6 million shares on...

LIC will get 1.6 million shares at Rs 96.63 each, a slight discount to the market price of Rs...

LIC increases stake in Auto industry
LIC increases stake in Auto industry

Life Insurance Corporation increased its stake in all the three listed automobile companies,...

LIC's Gulf arm tops overseas chart
LIC's Gulf arm tops overseas chart

LIC has had a good run in the Gulf countries with its Bahrain-based arm LIC International that...

Salient features of Bajaj Allianz Car Insurance Policy
Salient features of Bajaj Allianz Car...

Car insurance policy is very important to keep your luxurious asset safe and sound. You do not...

IRDAI gives approval to 23 cross-border reinsurers
IRDAI gives approval to 23...

The Insurance Regulatory and Development Authority of India has granted special approval to 23...

Analytics must for expanding reach of insurance: IRDAI
Analytics must for expanding reach of...

Use of data analytics will improve product design and distribution which will expand the reach...

Best pension plans in India-How to choose them?
Best pension plans in India-How to...

Retirement planning is not only important for your security but the comfortable sunset years....

IRDAI may allow insurers to invest in banks' AT-1 bonds
IRDAI may allow insurers to invest in...

The additional tier-1 (AT-1) bond market, which has been witnessing subdued demand, is likely to...

IRDAI gives a nod to 16 FDI proposals worth Rs 14,592 cr
IRDAI gives a nod to 16 FDI proposals...

IRDAI has approved as many as 16 proposals amounting to Rs 14,591.9 crore as foreign investment....

United India gets Rs. 45-crore claim from FICCI for gutted Delhi building
United India gets Rs. 45-crore claim...

United India Insurance has received a claim from the Federation of Indian Chambers of Commerce...

National Insurance and New India Assurance keen on strategic sale
National Insurance and New India...

Finance minister Arun Jaitley may have cleared the way for public listing of state-owned general...

New India Assurance targets global premium of Rs 20,800 crore in current fiscal
New India Assurance targets global...

Country's largest non-life insurer New India Assurance is targeting to achieve a global premium...

Nuclear plants insured by New India Assurance
Nuclear plants insured by New India...

India’s first insurance policy covering public liability to an atomic power plant operator has...

Jan Suraksha insurance schemes see no premium hikes in FY 17
Jan Suraksha insurance schemes see no...

Insurance schemes under the Pradhan Mantri Jan Suraksha Yojana will not see any premium increase...

Directors' & Officers' cover gaining popularity
Directors' & Officers' cover gaining...

With the authorities tightening the screws on directors and senior corporate bosses after...

Insurers using drones to check crop yields
Insurers using drones to check crop...

Private insurance companies are using drones to photograph farms and if permitted by the...

Myths about SME Finance
Myths about SME Finance

Small and medium enterprises (SMEs) play an important part in the growth of the economy. The...

My: Asset-Insta Home Insurance from L & T General Insurance Company
My: Asset-Insta Home Insurance from L...

With the Insta home insurance Plan, the customer doesn't have to deal with time consuming...

Health Secure Plan from Aviva Life Insurance Company
Health Secure Plan from Aviva Life...

OverviewDue to the current lifestyle and stress levels, incidents of critical illnesses,...

College of Insurance Aviation...

Relevance of the program: - Aviation insurance policies are distinctly different from those for...

Certificate course on "Compliance,...

III is pleased to inform that they have introduced a Certificate Course on "Compliance,...

POST GRADUATE DIPLOMA IN HEALTH INSURANCE
POST GRADUATE DIPLOMA IN HEALTH...

The College of Insurance, the training arm of the Insurance Institute of India, in association...

LIC uses market volatility to raise stake in companies
LIC uses market volatility to raise...

Life Insurance Corporation of India has used market volatility during the March quarter to raise...

LIC wants Axis bank to sell its life products
LIC wants Axis bank to sell its life...

LIC owns about 15% in Axis Bank, but now it's pushing Axis bank to sell insurance policies...

LIC eyes to double policy sales at 4 crore; intends to hire 2 lakh agents
LIC eyes to double policy sales at 4...

LIC is aiming to double its business in terms of new policy issuance to four crore in the...

IRDAI squeezes norms for insurance IPOs
IRDAI squeezes norms for insurance IPOs

Insurance Regulatory and Development Authority of India (IRDAI) will make certain changes to its...

IRDAI instruct insurers not to depend on banks for selling policies
IRDAI instruct insurers not to depend...

The insurance regulator has warned life companies against overdependence on banks for selling...

IRDAI asks Universal Sompo General Insurance's Japanese MD to step down
IRDAI asks Universal Sompo General...

The Insurance Regulatory & Development Authority of India has ordered Universal Sompo...

Insurers may have to lower agent commission for certain products
Insurers may have to lower agent...

Insurers may soon have to lower commissions to insurance agents in certain product categories,...

Companies rope in global travel risk firms
Companies rope in global travel risk...

  Most companies have mailers sent out by the central travel desk that advise employees on the...

Future Generali eyes 30% growth in rural, micro insurance business
Future Generali eyes 30% growth in...

Future Generali is expecting 30 per cent growth in India's rural and micro insurance sector in...

Mistakes to Avoid While Buying Health Insurance Plans Online
Mistakes to Avoid While Buying Health...

  Health insurance is an investment towards a healthier, more secured future. Health insurance...

Life Insurance & Married Women’s Property Act (MWP Act) - Details and Benefits
Life Insurance & Married Women’s...

  The Married Women’s Property Act aims to protect properties of women from creditors. Under this...

Issues Faced by Home Loan Seekers
Issues Faced by Home Loan Seekers

  There are people who save up all through their lives to buy their houses using only their own...

M Ravichandran expresses views on IRDAI norms for selling and servicing of insurance policies through e-commerce platform
M Ravichandran expresses views on...

  Mr. M Ravichandran, President-Insurance of Tata AIG General Insurance has expressed his views...

Want to Send Your Child Overseas For Studies?
Want to Send Your Child Overseas For...

  For most parents, one of their most important goals is to educate their children in best...

Tax Benefits of Health Insurance
Tax Benefits of Health Insurance

  Insurance policies not only protect your life and health but also give you tax benefits for the...

Relevant Motor Insurance for Your Monsoon Adventures
Relevant Motor Insurance for Your...

  The scorching summers have almost come to an end now. It's time to cool off in the monsoon...

Benefits of Having Fixed Deposit Accounts
Benefits of Having Fixed Deposit...

  Any investment portfolio should have the right mix of safe, moderate and risky investments....

How an Emergency Fund Can Make You Happier
How an Emergency Fund Can Make You...

  What will you do if you lost your job tomorrow? Will you be able to pay the rent for next...

Features and Benefits of Availing Used Car Loan from Tata Capital
Features and Benefits of Availing...

  In last few years, there has been a growing trend among the people to regularly upgrade...

Why is it Important for You to Buy a Life Insurance Policy
Why is it Important for You to Buy a...

  'It is health that is real wealth and not pieces of gold and silver' - Mahatma Gandhi echoed...

Features and Benefits of Availing New Car Loan from Tata Capital 
Features and Benefits of Availing New...

  Thinking of buying your first car? We can tell you straight away that its one of life’s...

Financing a Tractor Purchase
Financing a Tractor Purchase

  The Indian agriculture sector has a very long history and even today it accounts for the bulk...

Health Insurance for Seniors - Summary of Budget 2016
Health Insurance for Seniors -...

  Government in its budget of 2016 has introduced a new health insurance scheme that targets...

New India Assurance preps for FY17 listing
New India Assurance preps for FY17...

New India Assurance, is all set to go public in the next fiscal year, said a top company...

Remedinet Technologies - simplifying back-end of Cashless Health Insurance Claims
Remedinet Technologies - simplifying...

  Remedinet is a cloud-based platform simplifying the back-end of cashless health insurance...

Nucleus Software’s FinnAxia and FinnOne Neo now available over Cloud
Nucleus Software’s FinnAxia and...

  Nucleus Software makes FinnOne Neo (lending solution) and FinnAxia (transaction banking...

Quote by Mr.  Arijit Basu, MD & CEO, SBI Life Insurance, on Budget 2016 announcements:
Quote by Mr. Arijit Basu, MD & CEO,...

  “The Government’s endeavour to educate the common man on the importance of having life security...

Budget views of Mr. Krishnamoorthy Rao, MD & CEO, Future Generali India Insurance
Budget views of Mr. Krishnamoorthy...

  “This year’s budget announcements are reflective of the Government’s intent to move towards a...

Pre-Budget Expectation from Deepak Mittal, MD and CEO, Edelweiss Tokio Life Insurance
Pre-Budget Expectation from Deepak...

The elderly will form 20% of India’s population by 2050. As a nation, we are not adequately...

Pre Budget Note: An Opportunity to Transform Life Insurance Industry
Pre Budget Note: An Opportunity to...

Budget 2016 -17 can transform the life insurance industry in the country. Life insurance...

Former UIIC Director, Asha Nair, joins the Board of Directors at Remedinet Technologies
Former UIIC Director, Asha Nair,...

The health insurance sector in India today is at a very critical juncture where changes and...

The Essentials of Fixed Deposits
The Essentials of Fixed Deposits

  Every investment avenue provides a certain rate of return, which can be either fixed or...

Pre Budget Expectations By Mr Miranjit Mukherjee, Chief Financial Officer, Tata AIG General Insurance Co Ltd
Pre Budget Expectations By Mr...

  With regard to the mood on the overall business environment and reducing blockages... While the...

Budget Expectations 2016 – 2017 by KG Krishnamoorthy Rao, MD, CEO, Future Generali India
Budget Expectations 2016 – 2017 by KG...

  It is but quite natural for our expectations to be high from this year’s Union Budget given the...

5 Financial Challenges You Face in...

  You have completed your education from one of the premier institutes in the country and are...

An Outlook for the Year 2016
An Outlook for the Year 2016

  Mr. K.G. Krishnamoorthy Rao, Managing Director and Chief Executive Officer, Future Generali...

India to control 49% of foreign ownership: IRDA
India to control 49% of foreign...

      The Insurance Laws (Amendment) Act, 2015, passed during Parliament's budget session,...

IRDA forms panel for transparency in motor insurance
IRDA forms panel for transparency in...

      Insurance regulator IRDAI set up a seven-member committee to suggest ways to bring...

IRDA: Govt should drop tax on insurance maturity proceeds
IRDA: Govt should drop tax on...

      Insurance regulator Irda will take up with the government the issue of 2 per cent income...

Insurance penetration is 3.9% in present India
Insurance penetration is 3.9% in...

  Insurance penetration in India at 3.9 per cent was below the world average of 6.3 per cent in...

Global insurers to face 10% increase in capital charges
Global insurers to face 10% increase...

  Global insurers with the greatest ties to the financial system would face an average increase...

Insurers want a game with ISL
Insurers want a game with ISL

  The Indian Super League, which has attracted some of the top - though mostly retired -...

A Buyer’s Guide to Family Health Insurance Plans in India
A Buyer’s Guide to Family Health...

  Family floater plans cover all the members in a family, unlike individual plans that cover only...

Common Retirement Pitfalls and How to Avoid Them
Common Retirement Pitfalls and How to...

  After working hard for most of your life, retirement years are among the best in your life. Now...

Health Insurance Regulation in India

Pre regulation market The Indian Parliament passed The General Insurance Business...

Insurance penetration at 10-year low

Insurance penetration, measured as a percentage of premiums to a country's gross domestic...

Dengue Care Plan from Apollo Munich Insurance
Dengue Care Plan from Apollo Munich...

  Our first of a kind Dengue Care plan offers coverage for any medical expenses incurred on...

Travel Insurance Plan from Reliance General Insurance
Travel Insurance Plan from Reliance...

  Glad you made a quick pre-trip stopover to get your travel insurance online with Reliance...

Insure Smart Plan from Canara HSBC Oriental Bank Of Commerce Life Insurance
Insure Smart Plan from Canara HSBC...

  Canara HSBC Oriental Bank Of Commerce Life Insurance company's Insure Smart Plan is a unit...

Lifesurance Whole Life Plan (UIN 135N035V01) from IDBI Federal Life Insurance
Lifesurance Whole Life Plan (UIN...

  Plan Overview IDBI Federal Lifesurance Whole Life Savings Insurance Plan is a non-linked...

Household Savings in India - A...

I. Introduction Savings play a pivotal role in the capital formation of any country. The gross...

Healthcare System of India

Healthcare system of India is a mess. Results of the National Sample Survey 60th round bring out...

OPERATIONAL CHALLENGES AND SWOT...

Introduction: Liberalizations and deregulation of the financial sector, the greater use of...

Swasthya Kavach- Wider (Family Health Insurance) from Iffco Tokio Health Insurance
Swasthya Kavach- Wider (Family Health...

  Eligibility Entry Age (years) Minimum: 18 Maximum: 60 Maximum Policy Renewal Age (years): 80...

Assure Plus from Future Generali Life Insurance
Assure Plus from Future Generali Life...

  The plan offers multiple term options to suit your needs. Based on your financial goals, you...

Pension business of life insurers plunges 90% to Rs 2,000 cr in FY15
Pension business of life insurers...

  The life insurance industry is bearing the brunt of a 90 per cent fall in pension business due...

Future Generali eyes growth on economy pickup
Future Generali eyes growth on...

  Future Generali India Insurance Company, a joint venture between retail giant Future Group and...

SBI Life to Expand Bancassurance by 50%
SBI Life to Expand Bancassurance by 50%

  The country's biggest banking network SBI along with its insurer is planning to expand...

Database to prevent insurance fraudulent claims
Database to prevent insurance...

  The Life Insurance Council, an apex industry body of life insurance companies, is planning to...

Aggressive bidding likely for Air India's $9 bn insurance cover
Aggressive bidding likely for Air...

  Insurance companies are getting ready to bid aggressively for Air India $9 billion (around...

Repay Personal Loan Conveniently with Tata Capital
Repay Personal Loan Conveniently with...

Getting a personal loan is easy, especially with online applications, minimal paperwork and...

New India Assurance company chief gets two-year extension
New India Assurance company chief...

The tenure of New India Assurance Company's CMD, G Srinivasan was today extended for little over...

Tractor Finance – A Boon for Farmers
Tractor Finance – A Boon for Farmers

Agriculture has been and continues to be the largest sector of the Indian economy. This sector...

New India Assurance, GIC gets nod for IPO
New India Assurance, GIC gets nod for...

New India Assurance and General Insurance Corporation have obtained approval from their...

Car Insurance from Bharti AXA General Insurance
Car Insurance from Bharti AXA General...

Key benefits Instant policy 24 X 7 Claims help Get Cashless claims at 2700+ garages Get No Claim...

My Home Insurance Cover from Bajaj Allianz General Insurance
My Home Insurance Cover from Bajaj...

My Home Insurance All Risk Policy will protect not only home, but also the belongings inside it,...

Pravasi Bhartiya Bima Policy from IFFCO Tokio general insurance
Pravasi Bhartiya Bima Policy from...

What the Policy Cover? Section – 1 : Personal Accident-This Section covers for a Sum Insured of...

BHARTI AXA LIFE FUTURE INVEST PLAN
BHARTI AXA LIFE FUTURE INVEST PLAN

It is an Investment Plan where one can invest money for a limited time-frame and reap good...

IDBI Federal Termsurance Life Protection Insurance Plan
IDBI Federal Termsurance Life...

It is a non-linked, non-participating insurance plan that protect the family in case of an...

Edelweiss Tokio Life – Income Replacement
Edelweiss Tokio Life – Income...

An ideal plan to ensure continuity of monthly income for the family after death of bread winner....

What Is Solvency Ratio in Life Insurance?
What Is Solvency Ratio in Life...

Solvency Ratio is a key metric used to determine the ability of a life insurance company to meet...

Save Assure Traditional Endowment Plan from Bajaj Allianz
Save Assure Traditional Endowment...

Key Features Bajaj Allianz Save Assure is a Limited Premium Payment, Non-Participating, Non...

LIC to get 1.6 million shares on discount
LIC to get 1.6 million shares on...

LIC will get 1.6 million shares at Rs 96.63 each, a slight discount to the market price of Rs...

LIC increases stake in Auto industry
LIC increases stake in Auto industry

Life Insurance Corporation increased its stake in all the three listed automobile companies,...

LIC's Gulf arm tops overseas chart
LIC's Gulf arm tops overseas chart

LIC has had a good run in the Gulf countries with its Bahrain-based arm LIC International that...

Salient features of Bajaj Allianz Car Insurance Policy
Salient features of Bajaj Allianz Car...

Car insurance policy is very important to keep your luxurious asset safe and sound. You do not...

IRDAI gives approval to 23 cross-border reinsurers
IRDAI gives approval to 23...

The Insurance Regulatory and Development Authority of India has granted special approval to 23...

Analytics must for expanding reach of insurance: IRDAI
Analytics must for expanding reach of...

Use of data analytics will improve product design and distribution which will expand the reach...

Best pension plans in India-How to choose them?
Best pension plans in India-How to...

Retirement planning is not only important for your security but the comfortable sunset years....

IRDAI may allow insurers to invest in banks' AT-1 bonds
IRDAI may allow insurers to invest in...

The additional tier-1 (AT-1) bond market, which has been witnessing subdued demand, is likely to...

IRDAI gives a nod to 16 FDI proposals worth Rs 14,592 cr
IRDAI gives a nod to 16 FDI proposals...

IRDAI has approved as many as 16 proposals amounting to Rs 14,591.9 crore as foreign investment....

United India gets Rs. 45-crore claim from FICCI for gutted Delhi building
United India gets Rs. 45-crore claim...

United India Insurance has received a claim from the Federation of Indian Chambers of Commerce...

National Insurance and New India Assurance keen on strategic sale
National Insurance and New India...

Finance minister Arun Jaitley may have cleared the way for public listing of state-owned general...

New India Assurance targets global premium of Rs 20,800 crore in current fiscal
New India Assurance targets global...

Country's largest non-life insurer New India Assurance is targeting to achieve a global premium...

Nuclear plants insured by New India Assurance
Nuclear plants insured by New India...

India’s first insurance policy covering public liability to an atomic power plant operator has...

Jan Suraksha insurance schemes see no premium hikes in FY 17
Jan Suraksha insurance schemes see no...

Insurance schemes under the Pradhan Mantri Jan Suraksha Yojana will not see any premium increase...

Directors' & Officers' cover gaining popularity
Directors' & Officers' cover gaining...

With the authorities tightening the screws on directors and senior corporate bosses after...

Insurers using drones to check crop yields
Insurers using drones to check crop...

Private insurance companies are using drones to photograph farms and if permitted by the...

Myths about SME Finance
Myths about SME Finance

Small and medium enterprises (SMEs) play an important part in the growth of the economy. The...

My: Asset-Insta Home Insurance from L & T General Insurance Company
My: Asset-Insta Home Insurance from L...

With the Insta home insurance Plan, the customer doesn't have to deal with time consuming...

Health Secure Plan from Aviva Life Insurance Company
Health Secure Plan from Aviva Life...

OverviewDue to the current lifestyle and stress levels, incidents of critical illnesses,...

College of Insurance Aviation...

Relevance of the program: - Aviation insurance policies are distinctly different from those for...

Certificate course on "Compliance,...

III is pleased to inform that they have introduced a Certificate Course on "Compliance,...

POST GRADUATE DIPLOMA IN HEALTH INSURANCE
POST GRADUATE DIPLOMA IN HEALTH...

The College of Insurance, the training arm of the Insurance Institute of India, in association...

LIC uses market volatility to raise stake in companies
LIC uses market volatility to raise...

Life Insurance Corporation of India has used market volatility during the March quarter to raise...

LIC wants Axis bank to sell its life products
LIC wants Axis bank to sell its life...

LIC owns about 15% in Axis Bank, but now it's pushing Axis bank to sell insurance policies...

LIC eyes to double policy sales at 4 crore; intends to hire 2 lakh agents
LIC eyes to double policy sales at 4...

LIC is aiming to double its business in terms of new policy issuance to four crore in the...

IRDAI squeezes norms for insurance IPOs
IRDAI squeezes norms for insurance IPOs

Insurance Regulatory and Development Authority of India (IRDAI) will make certain changes to its...

IRDAI instruct insurers not to depend on banks for selling policies
IRDAI instruct insurers not to depend...

The insurance regulator has warned life companies against overdependence on banks for selling...

IRDAI asks Universal Sompo General Insurance's Japanese MD to step down
IRDAI asks Universal Sompo General...

The Insurance Regulatory & Development Authority of India has ordered Universal Sompo...

Insurers may have to lower agent commission for certain products
Insurers may have to lower agent...

Insurers may soon have to lower commissions to insurance agents in certain product categories,...

Companies rope in global travel risk firms
Companies rope in global travel risk...

  Most companies have mailers sent out by the central travel desk that advise employees on the...

Future Generali eyes 30% growth in rural, micro insurance business
Future Generali eyes 30% growth in...

Future Generali is expecting 30 per cent growth in India's rural and micro insurance sector in...

Mistakes to Avoid While Buying Health Insurance Plans Online
Mistakes to Avoid While Buying Health...

  Health insurance is an investment towards a healthier, more secured future. Health insurance...

Life Insurance & Married Women’s Property Act (MWP Act) - Details and Benefits
Life Insurance & Married Women’s...

  The Married Women’s Property Act aims to protect properties of women from creditors. Under this...

Issues Faced by Home Loan Seekers
Issues Faced by Home Loan Seekers

  There are people who save up all through their lives to buy their houses using only their own...

M Ravichandran expresses views on IRDAI norms for selling and servicing of insurance policies through e-commerce platform
M Ravichandran expresses views on...

  Mr. M Ravichandran, President-Insurance of Tata AIG General Insurance has expressed his views...

Want to Send Your Child Overseas For Studies?
Want to Send Your Child Overseas For...

  For most parents, one of their most important goals is to educate their children in best...

Tax Benefits of Health Insurance
Tax Benefits of Health Insurance

  Insurance policies not only protect your life and health but also give you tax benefits for the...

Relevant Motor Insurance for Your Monsoon Adventures
Relevant Motor Insurance for Your...

  The scorching summers have almost come to an end now. It's time to cool off in the monsoon...

Benefits of Having Fixed Deposit Accounts
Benefits of Having Fixed Deposit...

  Any investment portfolio should have the right mix of safe, moderate and risky investments....

How an Emergency Fund Can Make You Happier
How an Emergency Fund Can Make You...

  What will you do if you lost your job tomorrow? Will you be able to pay the rent for next...

Features and Benefits of Availing Used Car Loan from Tata Capital
Features and Benefits of Availing...

  In last few years, there has been a growing trend among the people to regularly upgrade...

Why is it Important for You to Buy a Life Insurance Policy
Why is it Important for You to Buy a...

  'It is health that is real wealth and not pieces of gold and silver' - Mahatma Gandhi echoed...

Features and Benefits of Availing New Car Loan from Tata Capital 
Features and Benefits of Availing New...

  Thinking of buying your first car? We can tell you straight away that its one of life’s...

Financing a Tractor Purchase
Financing a Tractor Purchase

  The Indian agriculture sector has a very long history and even today it accounts for the bulk...

Health Insurance for Seniors - Summary of Budget 2016
Health Insurance for Seniors -...

  Government in its budget of 2016 has introduced a new health insurance scheme that targets...

New India Assurance preps for FY17 listing
New India Assurance preps for FY17...

New India Assurance, is all set to go public in the next fiscal year, said a top company...

Remedinet Technologies - simplifying back-end of Cashless Health Insurance Claims
Remedinet Technologies - simplifying...

  Remedinet is a cloud-based platform simplifying the back-end of cashless health insurance...

Nucleus Software’s FinnAxia and FinnOne Neo now available over Cloud
Nucleus Software’s FinnAxia and...

  Nucleus Software makes FinnOne Neo (lending solution) and FinnAxia (transaction banking...

Quote by Mr.  Arijit Basu, MD & CEO, SBI Life Insurance, on Budget 2016 announcements:
Quote by Mr. Arijit Basu, MD & CEO,...

  “The Government’s endeavour to educate the common man on the importance of having life security...

Budget views of Mr. Krishnamoorthy Rao, MD & CEO, Future Generali India Insurance
Budget views of Mr. Krishnamoorthy...

  “This year’s budget announcements are reflective of the Government’s intent to move towards a...

Pre-Budget Expectation from Deepak Mittal, MD and CEO, Edelweiss Tokio Life Insurance
Pre-Budget Expectation from Deepak...

The elderly will form 20% of India’s population by 2050. As a nation, we are not adequately...

Pre Budget Note: An Opportunity to Transform Life Insurance Industry
Pre Budget Note: An Opportunity to...

Budget 2016 -17 can transform the life insurance industry in the country. Life insurance...

Former UIIC Director, Asha Nair, joins the Board of Directors at Remedinet Technologies
Former UIIC Director, Asha Nair,...

The health insurance sector in India today is at a very critical juncture where changes and...

The Essentials of Fixed Deposits
The Essentials of Fixed Deposits

  Every investment avenue provides a certain rate of return, which can be either fixed or...

Pre Budget Expectations By Mr Miranjit Mukherjee, Chief Financial Officer, Tata AIG General Insurance Co Ltd
Pre Budget Expectations By Mr...

  With regard to the mood on the overall business environment and reducing blockages... While the...

Budget Expectations 2016 – 2017 by KG Krishnamoorthy Rao, MD, CEO, Future Generali India
Budget Expectations 2016 – 2017 by KG...

  It is but quite natural for our expectations to be high from this year’s Union Budget given the...

5 Financial Challenges You Face in...

  You have completed your education from one of the premier institutes in the country and are...

An Outlook for the Year 2016
An Outlook for the Year 2016

  Mr. K.G. Krishnamoorthy Rao, Managing Director and Chief Executive Officer, Future Generali...

India to control 49% of foreign ownership: IRDA
India to control 49% of foreign...

      The Insurance Laws (Amendment) Act, 2015, passed during Parliament's budget session,...

IRDA forms panel for transparency in motor insurance
IRDA forms panel for transparency in...

      Insurance regulator IRDAI set up a seven-member committee to suggest ways to bring...

IRDA: Govt should drop tax on insurance maturity proceeds
IRDA: Govt should drop tax on...

      Insurance regulator Irda will take up with the government the issue of 2 per cent income...

Insurance penetration is 3.9% in present India
Insurance penetration is 3.9% in...

  Insurance penetration in India at 3.9 per cent was below the world average of 6.3 per cent in...

Global insurers to face 10% increase in capital charges
Global insurers to face 10% increase...

  Global insurers with the greatest ties to the financial system would face an average increase...

Insurers want a game with ISL
Insurers want a game with ISL

  The Indian Super League, which has attracted some of the top - though mostly retired -...

A Buyer’s Guide to Family Health Insurance Plans in India
A Buyer’s Guide to Family Health...

  Family floater plans cover all the members in a family, unlike individual plans that cover only...

Common Retirement Pitfalls and How to Avoid Them
Common Retirement Pitfalls and How to...

  After working hard for most of your life, retirement years are among the best in your life. Now...

Health Insurance Regulation in India

Pre regulation market The Indian Parliament passed The General Insurance Business...

Insurance penetration at 10-year low

Insurance penetration, measured as a percentage of premiums to a country's gross domestic...

Dengue Care Plan from Apollo Munich Insurance
Dengue Care Plan from Apollo Munich...

  Our first of a kind Dengue Care plan offers coverage for any medical expenses incurred on...

Travel Insurance Plan from Reliance General Insurance
Travel Insurance Plan from Reliance...

  Glad you made a quick pre-trip stopover to get your travel insurance online with Reliance...

Insure Smart Plan from Canara HSBC Oriental Bank Of Commerce Life Insurance
Insure Smart Plan from Canara HSBC...

  Canara HSBC Oriental Bank Of Commerce Life Insurance company's Insure Smart Plan is a unit...

Lifesurance Whole Life Plan (UIN 135N035V01) from IDBI Federal Life Insurance
Lifesurance Whole Life Plan (UIN...

  Plan Overview IDBI Federal Lifesurance Whole Life Savings Insurance Plan is a non-linked...

Household Savings in India - A...

I. Introduction Savings play a pivotal role in the capital formation of any country. The gross...

Healthcare System of India

Healthcare system of India is a mess. Results of the National Sample Survey 60th round bring out...

OPERATIONAL CHALLENGES AND SWOT...

Introduction: Liberalizations and deregulation of the financial sector, the greater use of...

Swasthya Kavach- Wider (Family Health Insurance) from Iffco Tokio Health Insurance
Swasthya Kavach- Wider (Family Health...

  Eligibility Entry Age (years) Minimum: 18 Maximum: 60 Maximum Policy Renewal Age (years): 80...

Assure Plus from Future Generali Life Insurance
Assure Plus from Future Generali Life...

  The plan offers multiple term options to suit your needs. Based on your financial goals, you...

Pension business of life insurers plunges 90% to Rs 2,000 cr in FY15
Pension business of life insurers...

  The life insurance industry is bearing the brunt of a 90 per cent fall in pension business due...

Future Generali eyes growth on economy pickup
Future Generali eyes growth on...

  Future Generali India Insurance Company, a joint venture between retail giant Future Group and...

SBI Life to Expand Bancassurance by 50%
SBI Life to Expand Bancassurance by 50%

  The country's biggest banking network SBI along with its insurer is planning to expand...

Database to prevent insurance fraudulent claims
Database to prevent insurance...

  The Life Insurance Council, an apex industry body of life insurance companies, is planning to...

Aggressive bidding likely for Air India's $9 bn insurance cover
Aggressive bidding likely for Air...

  Insurance companies are getting ready to bid aggressively for Air India $9 billion (around...

Insurance valuations an enigma: CII-Towers Watson study
Insurance valuations an enigma:...

  A joint study by the Confederation of Indian Industry (CII) and Towers Watson has revealed that...

Ulips are cheaper, yet not useful

With the stock market going up, unit-linked insurance plans (Ulips) seem to be making a comeback....

What constitutes the commission...

One of the major changes in insurance rules effected by the Insurance Laws Amendment Ordinance is...

Life Insurance Council gets executive council
Life Insurance Council gets executive...

  The Life Insurance Council has elected its first Executive Committee. The Executive Committee...

PNB Met Life launches term plan
PNB Met Life launches term plan

  PNB MetLife India Insurance has strengthened its portfolio of online insurance solutions with...

LIC emerged as a market leader in Bahrain, No. 3 in the UAE
LIC emerged as a market leader in...

  Life Insurance Corporation (LIC) - India's top life insurer has emerged as the market leader in...

Need for Tech-based crop insurance solutions: IRDAI
Need for Tech-based crop insurance...

  With the growing demand of technology-based changes to make crop insurance full proof the...

IRDAI puts a check on bancassurance to curb mis-sale
IRDAI puts a check on bancassurance...

  The Insurance Regulatory and Development Authority of India has put norms against forced...

Barrage of insurance rules to flood sector
Barrage of insurance rules to flood...

  The IRDAI is set to bring out a number of new rules to conform to the New Insurance Act...

Chhattisgarh to adopt national insurance cover for seven crops
Chhattisgarh to adopt national...

  Chhattisgarh government had decided to implement the National Agriculture Insurance Policy and...

A cashless treatment for road accident victims: Modi
A cashless treatment for road...

  The Modi government is planning to have cashless treatment facilities in more parts of the...

Pvt. Execs can search jobs in Govt. General Insurers
Pvt. Execs can search jobs in Govt....

  Senior executives of private insurance companies, bureaucrats and officials of IRDAI can now...

Which Health Insurance Plan is Right for you?
Which Health Insurance Plan is Right...

  Health insurance is a plan which gives coverage for your medical expenses. It greatly reduces...

Health Suraksha from HDFC ERGO
Health Suraksha from HDFC ERGO

  With the HDFC ERGO Health Suraksha health insurance plan, you get access to a network of more...

Complete Health Insurance Plan from Universal Sompo General Insurance Co. Ltd
Complete Health Insurance Plan from...

  Product Features: Speedy Policy Process Instant Policy can be bought online or through agents...

TWO WHEELER INSURANCE from Shriram General Insurance
TWO WHEELER INSURANCE from Shriram...

  Shriram General Insurance’s Two Wheeler Insurance Policy aims to protect you from the financial...

AEGON Religare Guaranteed Growth Insurance Plan
AEGON Religare Guaranteed Growth...

  Why buy this plan? If you are looking for an investment plan that guarantees returns, this plan...

DREAM SMART PLAN from Canara HSBC Oriental Bank of Commerce Life Insurance
DREAM SMART PLAN from Canara HSBC...

  EVERYONE HAS A SPECIAL DREAMYour future is defined by your dreams for yourself and your loved...

AAM ADMI BIMA YOJANA from LIC
AAM ADMI BIMA YOJANA from LIC

  Ministry of Finance, Government of India has approved the merger of Social Security Schemes...

LIC holds strong banking linkages
LIC holds strong banking linkages

  Life Insurance Corp. of India or LIC is ranked as the country's 11th largest insurer in terms...

Life Insurance sector triggers 20% growth in Q1
Life Insurance sector triggers 20%...

The life insurance industry has sold additional 60% Group Single Premium policies, mopping up...

LIC elevates 2 women to top brass
LIC elevates 2 women to top brass

  Life Insurance Corporation (LIC) is continuing with its trend to place female employees in a...

IRDAI penalizes Reliance Life Insurance  for norms violations
IRDAI penalizes Reliance Life...

  The Insurance Regulatory and Development Authority of India has imposed Rs.85 lakh penalty on...

Repay Personal Loan Conveniently with Tata Capital
Repay Personal Loan Conveniently with...

Getting a personal loan is easy, especially with online applications, minimal paperwork and...

New India Assurance company chief gets two-year extension
New India Assurance company chief...

The tenure of New India Assurance Company's CMD, G Srinivasan was today extended for little over...

Tractor Finance – A Boon for Farmers
Tractor Finance – A Boon for Farmers

Agriculture has been and continues to be the largest sector of the Indian economy. This sector...

New India Assurance, GIC gets nod for IPO
New India Assurance, GIC gets nod for...

New India Assurance and General Insurance Corporation have obtained approval from their...

Car Insurance from Bharti AXA General Insurance
Car Insurance from Bharti AXA General...

Key benefits Instant policy 24 X 7 Claims help Get Cashless claims at 2700+ garages Get No Claim...

My Home Insurance Cover from Bajaj Allianz General Insurance
My Home Insurance Cover from Bajaj...

My Home Insurance All Risk Policy will protect not only home, but also the belongings inside it,...

Pravasi Bhartiya Bima Policy from IFFCO Tokio general insurance
Pravasi Bhartiya Bima Policy from...

What the Policy Cover? Section – 1 : Personal Accident-This Section covers for a Sum Insured of...

BHARTI AXA LIFE FUTURE INVEST PLAN
BHARTI AXA LIFE FUTURE INVEST PLAN

It is an Investment Plan where one can invest money for a limited time-frame and reap good...

IDBI Federal Termsurance Life Protection Insurance Plan
IDBI Federal Termsurance Life...

It is a non-linked, non-participating insurance plan that protect the family in case of an...

Edelweiss Tokio Life – Income Replacement
Edelweiss Tokio Life – Income...

An ideal plan to ensure continuity of monthly income for the family after death of bread winner....

What Is Solvency Ratio in Life Insurance?
What Is Solvency Ratio in Life...

Solvency Ratio is a key metric used to determine the ability of a life insurance company to meet...

Save Assure Traditional Endowment Plan from Bajaj Allianz
Save Assure Traditional Endowment...

Key Features Bajaj Allianz Save Assure is a Limited Premium Payment, Non-Participating, Non...

LIC to get 1.6 million shares on discount
LIC to get 1.6 million shares on...

LIC will get 1.6 million shares at Rs 96.63 each, a slight discount to the market price of Rs...

LIC increases stake in Auto industry
LIC increases stake in Auto industry

Life Insurance Corporation increased its stake in all the three listed automobile companies,...

LIC's Gulf arm tops overseas chart
LIC's Gulf arm tops overseas chart

LIC has had a good run in the Gulf countries with its Bahrain-based arm LIC International that...

Salient features of Bajaj Allianz Car Insurance Policy
Salient features of Bajaj Allianz Car...

Car insurance policy is very important to keep your luxurious asset safe and sound. You do not...

IRDAI gives approval to 23 cross-border reinsurers
IRDAI gives approval to 23...

The Insurance Regulatory and Development Authority of India has granted special approval to 23...

Analytics must for expanding reach of insurance: IRDAI
Analytics must for expanding reach of...

Use of data analytics will improve product design and distribution which will expand the reach...

Best pension plans in India-How to choose them?
Best pension plans in India-How to...

Retirement planning is not only important for your security but the comfortable sunset years....

IRDAI may allow insurers to invest in banks' AT-1 bonds
IRDAI may allow insurers to invest in...

The additional tier-1 (AT-1) bond market, which has been witnessing subdued demand, is likely to...

IRDAI gives a nod to 16 FDI proposals worth Rs 14,592 cr
IRDAI gives a nod to 16 FDI proposals...

IRDAI has approved as many as 16 proposals amounting to Rs 14,591.9 crore as foreign investment....

United India gets Rs. 45-crore claim from FICCI for gutted Delhi building
United India gets Rs. 45-crore claim...

United India Insurance has received a claim from the Federation of Indian Chambers of Commerce...

National Insurance and New India Assurance keen on strategic sale
National Insurance and New India...

Finance minister Arun Jaitley may have cleared the way for public listing of state-owned general...

New India Assurance targets global premium of Rs 20,800 crore in current fiscal
New India Assurance targets global...

Country's largest non-life insurer New India Assurance is targeting to achieve a global premium...

Nuclear plants insured by New India Assurance
Nuclear plants insured by New India...

India’s first insurance policy covering public liability to an atomic power plant operator has...

Jan Suraksha insurance schemes see no premium hikes in FY 17
Jan Suraksha insurance schemes see no...

Insurance schemes under the Pradhan Mantri Jan Suraksha Yojana will not see any premium increase...

Directors' & Officers' cover gaining popularity
Directors' & Officers' cover gaining...

With the authorities tightening the screws on directors and senior corporate bosses after...

Insurers using drones to check crop yields
Insurers using drones to check crop...

Private insurance companies are using drones to photograph farms and if permitted by the...

Myths about SME Finance
Myths about SME Finance

Small and medium enterprises (SMEs) play an important part in the growth of the economy. The...

My: Asset-Insta Home Insurance from L & T General Insurance Company
My: Asset-Insta Home Insurance from L...

With the Insta home insurance Plan, the customer doesn't have to deal with time consuming...

Health Secure Plan from Aviva Life Insurance Company
Health Secure Plan from Aviva Life...

OverviewDue to the current lifestyle and stress levels, incidents of critical illnesses,...

College of Insurance Aviation...

Relevance of the program: - Aviation insurance policies are distinctly different from those for...

Certificate course on "Compliance,...

III is pleased to inform that they have introduced a Certificate Course on "Compliance,...

POST GRADUATE DIPLOMA IN HEALTH INSURANCE
POST GRADUATE DIPLOMA IN HEALTH...

The College of Insurance, the training arm of the Insurance Institute of India, in association...

LIC uses market volatility to raise stake in companies
LIC uses market volatility to raise...

Life Insurance Corporation of India has used market volatility during the March quarter to raise...

LIC wants Axis bank to sell its life products
LIC wants Axis bank to sell its life...

LIC owns about 15% in Axis Bank, but now it's pushing Axis bank to sell insurance policies...

LIC eyes to double policy sales at 4 crore; intends to hire 2 lakh agents
LIC eyes to double policy sales at 4...

LIC is aiming to double its business in terms of new policy issuance to four crore in the...

IRDAI squeezes norms for insurance IPOs
IRDAI squeezes norms for insurance IPOs

Insurance Regulatory and Development Authority of India (IRDAI) will make certain changes to its...

IRDAI instruct insurers not to depend on banks for selling policies
IRDAI instruct insurers not to depend...

The insurance regulator has warned life companies against overdependence on banks for selling...

IRDAI asks Universal Sompo General Insurance's Japanese MD to step down
IRDAI asks Universal Sompo General...

The Insurance Regulatory & Development Authority of India has ordered Universal Sompo...

Insurers may have to lower agent commission for certain products
Insurers may have to lower agent...

Insurers may soon have to lower commissions to insurance agents in certain product categories,...

Companies rope in global travel risk firms
Companies rope in global travel risk...

  Most companies have mailers sent out by the central travel desk that advise employees on the...

Future Generali eyes 30% growth in rural, micro insurance business
Future Generali eyes 30% growth in...

Future Generali is expecting 30 per cent growth in India's rural and micro insurance sector in...

Mistakes to Avoid While Buying Health Insurance Plans Online
Mistakes to Avoid While Buying Health...

  Health insurance is an investment towards a healthier, more secured future. Health insurance...

Life Insurance & Married Women’s Property Act (MWP Act) - Details and Benefits
Life Insurance & Married Women’s...

  The Married Women’s Property Act aims to protect properties of women from creditors. Under this...

Issues Faced by Home Loan Seekers
Issues Faced by Home Loan Seekers

  There are people who save up all through their lives to buy their houses using only their own...

M Ravichandran expresses views on IRDAI norms for selling and servicing of insurance policies through e-commerce platform
M Ravichandran expresses views on...

  Mr. M Ravichandran, President-Insurance of Tata AIG General Insurance has expressed his views...

Want to Send Your Child Overseas For Studies?
Want to Send Your Child Overseas For...

  For most parents, one of their most important goals is to educate their children in best...

Tax Benefits of Health Insurance
Tax Benefits of Health Insurance

  Insurance policies not only protect your life and health but also give you tax benefits for the...

Relevant Motor Insurance for Your Monsoon Adventures
Relevant Motor Insurance for Your...

  The scorching summers have almost come to an end now. It's time to cool off in the monsoon...

Benefits of Having Fixed Deposit Accounts
Benefits of Having Fixed Deposit...

  Any investment portfolio should have the right mix of safe, moderate and risky investments....

How an Emergency Fund Can Make You Happier
How an Emergency Fund Can Make You...

  What will you do if you lost your job tomorrow? Will you be able to pay the rent for next...

Features and Benefits of Availing Used Car Loan from Tata Capital
Features and Benefits of Availing...

  In last few years, there has been a growing trend among the people to regularly upgrade...

Why is it Important for You to Buy a Life Insurance Policy
Why is it Important for You to Buy a...

  'It is health that is real wealth and not pieces of gold and silver' - Mahatma Gandhi echoed...

Features and Benefits of Availing New Car Loan from Tata Capital 
Features and Benefits of Availing New...

  Thinking of buying your first car? We can tell you straight away that its one of life’s...

Financing a Tractor Purchase
Financing a Tractor Purchase

  The Indian agriculture sector has a very long history and even today it accounts for the bulk...

Health Insurance for Seniors - Summary of Budget 2016
Health Insurance for Seniors -...

  Government in its budget of 2016 has introduced a new health insurance scheme that targets...

New India Assurance preps for FY17 listing
New India Assurance preps for FY17...

New India Assurance, is all set to go public in the next fiscal year, said a top company...

Remedinet Technologies - simplifying back-end of Cashless Health Insurance Claims
Remedinet Technologies - simplifying...

  Remedinet is a cloud-based platform simplifying the back-end of cashless health insurance...

Nucleus Software’s FinnAxia and FinnOne Neo now available over Cloud
Nucleus Software’s FinnAxia and...

  Nucleus Software makes FinnOne Neo (lending solution) and FinnAxia (transaction banking...

Quote by Mr.  Arijit Basu, MD & CEO, SBI Life Insurance, on Budget 2016 announcements:
Quote by Mr. Arijit Basu, MD & CEO,...

  “The Government’s endeavour to educate the common man on the importance of having life security...

Budget views of Mr. Krishnamoorthy Rao, MD & CEO, Future Generali India Insurance
Budget views of Mr. Krishnamoorthy...

  “This year’s budget announcements are reflective of the Government’s intent to move towards a...

Pre-Budget Expectation from Deepak Mittal, MD and CEO, Edelweiss Tokio Life Insurance
Pre-Budget Expectation from Deepak...

The elderly will form 20% of India’s population by 2050. As a nation, we are not adequately...

Pre Budget Note: An Opportunity to Transform Life Insurance Industry
Pre Budget Note: An Opportunity to...

Budget 2016 -17 can transform the life insurance industry in the country. Life insurance...

Former UIIC Director, Asha Nair, joins the Board of Directors at Remedinet Technologies
Former UIIC Director, Asha Nair,...

The health insurance sector in India today is at a very critical juncture where changes and...

The Essentials of Fixed Deposits
The Essentials of Fixed Deposits

  Every investment avenue provides a certain rate of return, which can be either fixed or...

Pre Budget Expectations By Mr Miranjit Mukherjee, Chief Financial Officer, Tata AIG General Insurance Co Ltd
Pre Budget Expectations By Mr...

  With regard to the mood on the overall business environment and reducing blockages... While the...

Budget Expectations 2016 – 2017 by KG Krishnamoorthy Rao, MD, CEO, Future Generali India
Budget Expectations 2016 – 2017 by KG...

  It is but quite natural for our expectations to be high from this year’s Union Budget given the...

5 Financial Challenges You Face in...

  You have completed your education from one of the premier institutes in the country and are...

An Outlook for the Year 2016
An Outlook for the Year 2016

  Mr. K.G. Krishnamoorthy Rao, Managing Director and Chief Executive Officer, Future Generali...

India to control 49% of foreign ownership: IRDA
India to control 49% of foreign...

      The Insurance Laws (Amendment) Act, 2015, passed during Parliament's budget session,...

IRDA forms panel for transparency in motor insurance
IRDA forms panel for transparency in...

      Insurance regulator IRDAI set up a seven-member committee to suggest ways to bring...

IRDA: Govt should drop tax on insurance maturity proceeds
IRDA: Govt should drop tax on...

      Insurance regulator Irda will take up with the government the issue of 2 per cent income...

Insurance penetration is 3.9% in present India
Insurance penetration is 3.9% in...

  Insurance penetration in India at 3.9 per cent was below the world average of 6.3 per cent in...

Global insurers to face 10% increase in capital charges
Global insurers to face 10% increase...

  Global insurers with the greatest ties to the financial system would face an average increase...

Insurers want a game with ISL
Insurers want a game with ISL

  The Indian Super League, which has attracted some of the top - though mostly retired -...

A Buyer’s Guide to Family Health Insurance Plans in India
A Buyer’s Guide to Family Health...

  Family floater plans cover all the members in a family, unlike individual plans that cover only...

Common Retirement Pitfalls and How to Avoid Them
Common Retirement Pitfalls and How to...

  After working hard for most of your life, retirement years are among the best in your life. Now...

Health Insurance Regulation in India

Pre regulation market The Indian Parliament passed The General Insurance Business...

Insurance penetration at 10-year low

Insurance penetration, measured as a percentage of premiums to a country's gross domestic...

Dengue Care Plan from Apollo Munich Insurance
Dengue Care Plan from Apollo Munich...

  Our first of a kind Dengue Care plan offers coverage for any medical expenses incurred on...

Travel Insurance Plan from Reliance General Insurance
Travel Insurance Plan from Reliance...

  Glad you made a quick pre-trip stopover to get your travel insurance online with Reliance...

Insure Smart Plan from Canara HSBC Oriental Bank Of Commerce Life Insurance
Insure Smart Plan from Canara HSBC...

  Canara HSBC Oriental Bank Of Commerce Life Insurance company's Insure Smart Plan is a unit...

Lifesurance Whole Life Plan (UIN 135N035V01) from IDBI Federal Life Insurance
Lifesurance Whole Life Plan (UIN...

  Plan Overview IDBI Federal Lifesurance Whole Life Savings Insurance Plan is a non-linked...

Household Savings in India - A...

I. Introduction Savings play a pivotal role in the capital formation of any country. The gross...

Healthcare System of India

Healthcare system of India is a mess. Results of the National Sample Survey 60th round bring out...

OPERATIONAL CHALLENGES AND SWOT...

Introduction: Liberalizations and deregulation of the financial sector, the greater use of...

Swasthya Kavach- Wider (Family Health Insurance) from Iffco Tokio Health Insurance
Swasthya Kavach- Wider (Family Health...

  Eligibility Entry Age (years) Minimum: 18 Maximum: 60 Maximum Policy Renewal Age (years): 80...

Assure Plus from Future Generali Life Insurance
Assure Plus from Future Generali Life...

  The plan offers multiple term options to suit your needs. Based on your financial goals, you...

Pension business of life insurers plunges 90% to Rs 2,000 cr in FY15
Pension business of life insurers...

  The life insurance industry is bearing the brunt of a 90 per cent fall in pension business due...

Future Generali eyes growth on economy pickup
Future Generali eyes growth on...

  Future Generali India Insurance Company, a joint venture between retail giant Future Group and...

SBI Life to Expand Bancassurance by 50%
SBI Life to Expand Bancassurance by 50%

  The country's biggest banking network SBI along with its insurer is planning to expand...

Database to prevent insurance fraudulent claims
Database to prevent insurance...

  The Life Insurance Council, an apex industry body of life insurance companies, is planning to...

Aggressive bidding likely for Air India's $9 bn insurance cover
Aggressive bidding likely for Air...

  Insurance companies are getting ready to bid aggressively for Air India $9 billion (around...

Insurance valuations an enigma: CII-Towers Watson study
Insurance valuations an enigma:...

  A joint study by the Confederation of Indian Industry (CII) and Towers Watson has revealed that...

Ulips are cheaper, yet not useful

With the stock market going up, unit-linked insurance plans (Ulips) seem to be making a comeback....

What constitutes the commission...

One of the major changes in insurance rules effected by the Insurance Laws Amendment Ordinance is...

Life Insurance Council gets executive council
Life Insurance Council gets executive...

  The Life Insurance Council has elected its first Executive Committee. The Executive Committee...

PNB Met Life launches term plan
PNB Met Life launches term plan

  PNB MetLife India Insurance has strengthened its portfolio of online insurance solutions with...

LIC emerged as a market leader in Bahrain, No. 3 in the UAE
LIC emerged as a market leader in...

  Life Insurance Corporation (LIC) - India's top life insurer has emerged as the market leader in...

Need for Tech-based crop insurance solutions: IRDAI
Need for Tech-based crop insurance...

  With the growing demand of technology-based changes to make crop insurance full proof the...

Repay Personal Loan Conveniently with Tata Capital
Repay Personal Loan Conveniently with...

Getting a personal loan is easy, especially with online applications, minimal paperwork and...

New India Assurance company chief gets two-year extension
New India Assurance company chief...

The tenure of New India Assurance Company's CMD, G Srinivasan was today extended for little over...

Tractor Finance – A Boon for Farmers
Tractor Finance – A Boon for Farmers

Agriculture has been and continues to be the largest sector of the Indian economy. This sector...

New India Assurance, GIC gets nod for IPO
New India Assurance, GIC gets nod for...

New India Assurance and General Insurance Corporation have obtained approval from their...

Car Insurance from Bharti AXA General Insurance
Car Insurance from Bharti AXA General...

Key benefits Instant policy 24 X 7 Claims help Get Cashless claims at 2700+ garages Get No Claim...

My Home Insurance Cover from Bajaj Allianz General Insurance
My Home Insurance Cover from Bajaj...

My Home Insurance All Risk Policy will protect not only home, but also the belongings inside it,...

Pravasi Bhartiya Bima Policy from IFFCO Tokio general insurance
Pravasi Bhartiya Bima Policy from...

What the Policy Cover? Section – 1 : Personal Accident-This Section covers for a Sum Insured of...

BHARTI AXA LIFE FUTURE INVEST PLAN
BHARTI AXA LIFE FUTURE INVEST PLAN

It is an Investment Plan where one can invest money for a limited time-frame and reap good...

IDBI Federal Termsurance Life Protection Insurance Plan
IDBI Federal Termsurance Life...

It is a non-linked, non-participating insurance plan that protect the family in case of an...

Edelweiss Tokio Life – Income Replacement
Edelweiss Tokio Life – Income...

An ideal plan to ensure continuity of monthly income for the family after death of bread winner....

What Is Solvency Ratio in Life Insurance?
What Is Solvency Ratio in Life...

Solvency Ratio is a key metric used to determine the ability of a life insurance company to meet...

Save Assure Traditional Endowment Plan from Bajaj Allianz
Save Assure Traditional Endowment...

Key Features Bajaj Allianz Save Assure is a Limited Premium Payment, Non-Participating, Non...

LIC to get 1.6 million shares on discount
LIC to get 1.6 million shares on...

LIC will get 1.6 million shares at Rs 96.63 each, a slight discount to the market price of Rs...

LIC increases stake in Auto industry
LIC increases stake in Auto industry

Life Insurance Corporation increased its stake in all the three listed automobile companies,...

LIC's Gulf arm tops overseas chart
LIC's Gulf arm tops overseas chart

LIC has had a good run in the Gulf countries with its Bahrain-based arm LIC International that...

Salient features of Bajaj Allianz Car Insurance Policy
Salient features of Bajaj Allianz Car...

Car insurance policy is very important to keep your luxurious asset safe and sound. You do not...

IRDAI gives approval to 23 cross-border reinsurers
IRDAI gives approval to 23...

The Insurance Regulatory and Development Authority of India has granted special approval to 23...

Analytics must for expanding reach of insurance: IRDAI
Analytics must for expanding reach of...

Use of data analytics will improve product design and distribution which will expand the reach...

Best pension plans in India-How to choose them?
Best pension plans in India-How to...

Retirement planning is not only important for your security but the comfortable sunset years....

IRDAI may allow insurers to invest in banks' AT-1 bonds
IRDAI may allow insurers to invest in...

The additional tier-1 (AT-1) bond market, which has been witnessing subdued demand, is likely to...

IRDAI gives a nod to 16 FDI proposals worth Rs 14,592 cr
IRDAI gives a nod to 16 FDI proposals...

IRDAI has approved as many as 16 proposals amounting to Rs 14,591.9 crore as foreign investment....

United India gets Rs. 45-crore claim from FICCI for gutted Delhi building
United India gets Rs. 45-crore claim...

United India Insurance has received a claim from the Federation of Indian Chambers of Commerce...

National Insurance and New India Assurance keen on strategic sale
National Insurance and New India...

Finance minister Arun Jaitley may have cleared the way for public listing of state-owned general...

New India Assurance targets global premium of Rs 20,800 crore in current fiscal
New India Assurance targets global...

Country's largest non-life insurer New India Assurance is targeting to achieve a global premium...

Nuclear plants insured by New India Assurance
Nuclear plants insured by New India...

India’s first insurance policy covering public liability to an atomic power plant operator has...

Jan Suraksha insurance schemes see no premium hikes in FY 17
Jan Suraksha insurance schemes see no...

Insurance schemes under the Pradhan Mantri Jan Suraksha Yojana will not see any premium increase...

Directors' & Officers' cover gaining popularity
Directors' & Officers' cover gaining...

With the authorities tightening the screws on directors and senior corporate bosses after...

Insurers using drones to check crop yields
Insurers using drones to check crop...

Private insurance companies are using drones to photograph farms and if permitted by the...

Myths about SME Finance
Myths about SME Finance

Small and medium enterprises (SMEs) play an important part in the growth of the economy. The...

My: Asset-Insta Home Insurance from L & T General Insurance Company
My: Asset-Insta Home Insurance from L...

With the Insta home insurance Plan, the customer doesn't have to deal with time consuming...

Health Secure Plan from Aviva Life Insurance Company
Health Secure Plan from Aviva Life...

OverviewDue to the current lifestyle and stress levels, incidents of critical illnesses,...

College of Insurance Aviation...

Relevance of the program: - Aviation insurance policies are distinctly different from those for...

Certificate course on "Compliance,...

III is pleased to inform that they have introduced a Certificate Course on "Compliance,...

POST GRADUATE DIPLOMA IN HEALTH INSURANCE
POST GRADUATE DIPLOMA IN HEALTH...

The College of Insurance, the training arm of the Insurance Institute of India, in association...

LIC uses market volatility to raise stake in companies
LIC uses market volatility to raise...

Life Insurance Corporation of India has used market volatility during the March quarter to raise...

LIC wants Axis bank to sell its life products
LIC wants Axis bank to sell its life...

LIC owns about 15% in Axis Bank, but now it's pushing Axis bank to sell insurance policies...

LIC eyes to double policy sales at 4 crore; intends to hire 2 lakh agents
LIC eyes to double policy sales at 4...

LIC is aiming to double its business in terms of new policy issuance to four crore in the...

IRDAI squeezes norms for insurance IPOs
IRDAI squeezes norms for insurance IPOs

Insurance Regulatory and Development Authority of India (IRDAI) will make certain changes to its...

IRDAI instruct insurers not to depend on banks for selling policies
IRDAI instruct insurers not to depend...

The insurance regulator has warned life companies against overdependence on banks for selling...

IRDAI asks Universal Sompo General Insurance's Japanese MD to step down
IRDAI asks Universal Sompo General...

The Insurance Regulatory & Development Authority of India has ordered Universal Sompo...

Insurers may have to lower agent commission for certain products
Insurers may have to lower agent...

Insurers may soon have to lower commissions to insurance agents in certain product categories,...

Companies rope in global travel risk firms
Companies rope in global travel risk...

  Most companies have mailers sent out by the central travel desk that advise employees on the...

Future Generali eyes 30% growth in rural, micro insurance business
Future Generali eyes 30% growth in...

Future Generali is expecting 30 per cent growth in India's rural and micro insurance sector in...

Mistakes to Avoid While Buying Health Insurance Plans Online
Mistakes to Avoid While Buying Health...

  Health insurance is an investment towards a healthier, more secured future. Health insurance...

Life Insurance & Married Women’s Property Act (MWP Act) - Details and Benefits
Life Insurance & Married Women’s...

  The Married Women’s Property Act aims to protect properties of women from creditors. Under this...

Issues Faced by Home Loan Seekers
Issues Faced by Home Loan Seekers

  There are people who save up all through their lives to buy their houses using only their own...

M Ravichandran expresses views on IRDAI norms for selling and servicing of insurance policies through e-commerce platform
M Ravichandran expresses views on...

  Mr. M Ravichandran, President-Insurance of Tata AIG General Insurance has expressed his views...

Want to Send Your Child Overseas For Studies?
Want to Send Your Child Overseas For...

  For most parents, one of their most important goals is to educate their children in best...

Tax Benefits of Health Insurance
Tax Benefits of Health Insurance

  Insurance policies not only protect your life and health but also give you tax benefits for the...

Relevant Motor Insurance for Your Monsoon Adventures
Relevant Motor Insurance for Your...

  The scorching summers have almost come to an end now. It's time to cool off in the monsoon...

Benefits of Having Fixed Deposit Accounts
Benefits of Having Fixed Deposit...

  Any investment portfolio should have the right mix of safe, moderate and risky investments....

How an Emergency Fund Can Make You Happier
How an Emergency Fund Can Make You...

  What will you do if you lost your job tomorrow? Will you be able to pay the rent for next...

Features and Benefits of Availing Used Car Loan from Tata Capital
Features and Benefits of Availing...

  In last few years, there has been a growing trend among the people to regularly upgrade...

Why is it Important for You to Buy a Life Insurance Policy
Why is it Important for You to Buy a...

  'It is health that is real wealth and not pieces of gold and silver' - Mahatma Gandhi echoed...

Features and Benefits of Availing New Car Loan from Tata Capital 
Features and Benefits of Availing New...

  Thinking of buying your first car? We can tell you straight away that its one of life’s...

Financing a Tractor Purchase
Financing a Tractor Purchase

  The Indian agriculture sector has a very long history and even today it accounts for the bulk...

Health Insurance for Seniors - Summary of Budget 2016
Health Insurance for Seniors -...

  Government in its budget of 2016 has introduced a new health insurance scheme that targets...

New India Assurance preps for FY17 listing
New India Assurance preps for FY17...

New India Assurance, is all set to go public in the next fiscal year, said a top company...

Remedinet Technologies - simplifying back-end of Cashless Health Insurance Claims
Remedinet Technologies - simplifying...

  Remedinet is a cloud-based platform simplifying the back-end of cashless health insurance...

Nucleus Software’s FinnAxia and FinnOne Neo now available over Cloud
Nucleus Software’s FinnAxia and...

  Nucleus Software makes FinnOne Neo (lending solution) and FinnAxia (transaction banking...

Quote by Mr.  Arijit Basu, MD & CEO, SBI Life Insurance, on Budget 2016 announcements:
Quote by Mr. Arijit Basu, MD & CEO,...

  “The Government’s endeavour to educate the common man on the importance of having life security...

Budget views of Mr. Krishnamoorthy Rao, MD & CEO, Future Generali India Insurance
Budget views of Mr. Krishnamoorthy...

  “This year’s budget announcements are reflective of the Government’s intent to move towards a...

Pre-Budget Expectation from Deepak Mittal, MD and CEO, Edelweiss Tokio Life Insurance
Pre-Budget Expectation from Deepak...

The elderly will form 20% of India’s population by 2050. As a nation, we are not adequately...

Pre Budget Note: An Opportunity to Transform Life Insurance Industry
Pre Budget Note: An Opportunity to...

Budget 2016 -17 can transform the life insurance industry in the country. Life insurance...

Former UIIC Director, Asha Nair, joins the Board of Directors at Remedinet Technologies
Former UIIC Director, Asha Nair,...

The health insurance sector in India today is at a very critical juncture where changes and...

The Essentials of Fixed Deposits
The Essentials of Fixed Deposits

  Every investment avenue provides a certain rate of return, which can be either fixed or...

Pre Budget Expectations By Mr Miranjit Mukherjee, Chief Financial Officer, Tata AIG General Insurance Co Ltd
Pre Budget Expectations By Mr...

  With regard to the mood on the overall business environment and reducing blockages... While the...

Budget Expectations 2016 – 2017 by KG Krishnamoorthy Rao, MD, CEO, Future Generali India
Budget Expectations 2016 – 2017 by KG...

  It is but quite natural for our expectations to be high from this year’s Union Budget given the...

5 Financial Challenges You Face in...

  You have completed your education from one of the premier institutes in the country and are...

An Outlook for the Year 2016
An Outlook for the Year 2016

  Mr. K.G. Krishnamoorthy Rao, Managing Director and Chief Executive Officer, Future Generali...

India to control 49% of foreign ownership: IRDA
India to control 49% of foreign...

      The Insurance Laws (Amendment) Act, 2015, passed during Parliament's budget session,...

IRDA forms panel for transparency in motor insurance
IRDA forms panel for transparency in...

      Insurance regulator IRDAI set up a seven-member committee to suggest ways to bring...

IRDA: Govt should drop tax on insurance maturity proceeds
IRDA: Govt should drop tax on...

      Insurance regulator Irda will take up with the government the issue of 2 per cent income...

Insurance penetration is 3.9% in present India
Insurance penetration is 3.9% in...

  Insurance penetration in India at 3.9 per cent was below the world average of 6.3 per cent in...

Global insurers to face 10% increase in capital charges
Global insurers to face 10% increase...

  Global insurers with the greatest ties to the financial system would face an average increase...

Insurers want a game with ISL
Insurers want a game with ISL

  The Indian Super League, which has attracted some of the top - though mostly retired -...

A Buyer’s Guide to Family Health Insurance Plans in India
A Buyer’s Guide to Family Health...

  Family floater plans cover all the members in a family, unlike individual plans that cover only...

Common Retirement Pitfalls and How to Avoid Them
Common Retirement Pitfalls and How to...

  After working hard for most of your life, retirement years are among the best in your life. Now...

Health Insurance Regulation in India

Pre regulation market The Indian Parliament passed The General Insurance Business...

Insurance penetration at 10-year low

Insurance penetration, measured as a percentage of premiums to a country's gross domestic...

Dengue Care Plan from Apollo Munich Insurance
Dengue Care Plan from Apollo Munich...

  Our first of a kind Dengue Care plan offers coverage for any medical expenses incurred on...

Travel Insurance Plan from Reliance General Insurance
Travel Insurance Plan from Reliance...

  Glad you made a quick pre-trip stopover to get your travel insurance online with Reliance...

Insure Smart Plan from Canara HSBC Oriental Bank Of Commerce Life Insurance
Insure Smart Plan from Canara HSBC...

  Canara HSBC Oriental Bank Of Commerce Life Insurance company's Insure Smart Plan is a unit...

Lifesurance Whole Life Plan (UIN 135N035V01) from IDBI Federal Life Insurance
Lifesurance Whole Life Plan (UIN...

  Plan Overview IDBI Federal Lifesurance Whole Life Savings Insurance Plan is a non-linked...

Household Savings in India - A...

I. Introduction Savings play a pivotal role in the capital formation of any country. The gross...

Healthcare System of India

Healthcare system of India is a mess. Results of the National Sample Survey 60th round bring out...

OPERATIONAL CHALLENGES AND SWOT...

Introduction: Liberalizations and deregulation of the financial sector, the greater use of...

Swasthya Kavach- Wider (Family Health Insurance) from Iffco Tokio Health Insurance
Swasthya Kavach- Wider (Family Health...

  Eligibility Entry Age (years) Minimum: 18 Maximum: 60 Maximum Policy Renewal Age (years): 80...

Assure Plus from Future Generali Life Insurance
Assure Plus from Future Generali Life...

  The plan offers multiple term options to suit your needs. Based on your financial goals, you...

Pension business of life insurers plunges 90% to Rs 2,000 cr in FY15
Pension business of life insurers...

  The life insurance industry is bearing the brunt of a 90 per cent fall in pension business due...

Future Generali eyes growth on economy pickup
Future Generali eyes growth on...

  Future Generali India Insurance Company, a joint venture between retail giant Future Group and...

SBI Life to Expand Bancassurance by 50%
SBI Life to Expand Bancassurance by 50%

  The country's biggest banking network SBI along with its insurer is planning to expand...

Database to prevent insurance fraudulent claims
Database to prevent insurance...

  The Life Insurance Council, an apex industry body of life insurance companies, is planning to...

Aggressive bidding likely for Air India's $9 bn insurance cover
Aggressive bidding likely for Air...

  Insurance companies are getting ready to bid aggressively for Air India $9 billion (around...

Insurance valuations an enigma: CII-Towers Watson study
Insurance valuations an enigma:...

  A joint study by the Confederation of Indian Industry (CII) and Towers Watson has revealed that...

Ulips are cheaper, yet not useful

With the stock market going up, unit-linked insurance plans (Ulips) seem to be making a comeback....

What constitutes the commission...

One of the major changes in insurance rules effected by the Insurance Laws Amendment Ordinance is...

Life Insurance Council gets executive council
Life Insurance Council gets executive...

  The Life Insurance Council has elected its first Executive Committee. The Executive Committee...

PNB Met Life launches term plan
PNB Met Life launches term plan

  PNB MetLife India Insurance has strengthened its portfolio of online insurance solutions with...

LIC emerged as a market leader in Bahrain, No. 3 in the UAE
LIC emerged as a market leader in...

  Life Insurance Corporation (LIC) - India's top life insurer has emerged as the market leader in...

Need for Tech-based crop insurance solutions: IRDAI
Need for Tech-based crop insurance...

  With the growing demand of technology-based changes to make crop insurance full proof the...

IRDAI puts a check on bancassurance to curb mis-sale
IRDAI puts a check on bancassurance...

  The Insurance Regulatory and Development Authority of India has put norms against forced...

Barrage of insurance rules to flood sector
Barrage of insurance rules to flood...

  The IRDAI is set to bring out a number of new rules to conform to the New Insurance Act...

Chhattisgarh to adopt national insurance cover for seven crops
Chhattisgarh to adopt national...

  Chhattisgarh government had decided to implement the National Agriculture Insurance Policy and...

A cashless treatment for road accident victims: Modi
A cashless treatment for road...

  The Modi government is planning to have cashless treatment facilities in more parts of the...

Pvt. Execs can search jobs in Govt. General Insurers
Pvt. Execs can search jobs in Govt....

  Senior executives of private insurance companies, bureaucrats and officials of IRDAI can now...

Which Health Insurance Plan is Right for you?
Which Health Insurance Plan is Right...

  Health insurance is a plan which gives coverage for your medical expenses. It greatly reduces...

Health Suraksha from HDFC ERGO
Health Suraksha from HDFC ERGO

  With the HDFC ERGO Health Suraksha health insurance plan, you get access to a network of more...

Complete Health Insurance Plan from Universal Sompo General Insurance Co. Ltd
Complete Health Insurance Plan from...

  Product Features: Speedy Policy Process Instant Policy can be bought online or through agents...

TWO WHEELER INSURANCE from Shriram General Insurance
TWO WHEELER INSURANCE from Shriram...

  Shriram General Insurance’s Two Wheeler Insurance Policy aims to protect you from the financial...

AEGON Religare Guaranteed Growth Insurance Plan
AEGON Religare Guaranteed Growth...

  Why buy this plan? If you are looking for an investment plan that guarantees returns, this plan...

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