LIC hopeful to sell 25 mn individual policies before March 31
LIC is hopeful to achieve its fiscal target of selling over 25 million individual policies along with a premium collection Read more
INSURANCE ARTICLE
GI Council targets 2.5% non-life insurance penetration by 2030
The General Insurance (GI) Council is eying a 2.5% non-life insurance penetration by 2030 along with a target of premium Read more
Kotak General Insurance to offer wearable fitness trackers soon
Kotak General Insurance has recently announced the launch of its unique Sandbox initiative based on the essentials of the preventive Read more
Acko joins hands with HDB Financial Services
Acko general insurance has recently partnered with HDB financial service to provide insurance products. The insurance products range from protection Read more
The Insurance Times Technical Research Paper Competition – Last Date of Submission 30th June 2020
Guidelines for participation in the contest 1. The Technical/Research Paper Writing Contest 2020 is back and open to all in Read more
DEDUCTION OF DEPRECIATION – A DECEPTION
If Taj Mahal was destroyed or damaged due to insured perils and with application of deduction for depreciation, the claim Read more
Life Insurance Article: The need to cover the death risk should be predominant of all the needs
Life Insurance Products cover the risk of financial losses due to premature death. They also cover the risk of living too long by making payment in lump sum or in installments at old age. But generally, the risk coverage in life insurance means ‘covering the risk of financial losses due to the death of the life insured’. Read more
Reinsurance market facing stiff competition
“Pass on the liability from one to another and so on….. That is the trick of Reinsurance” Read more
Generate Funds with Children’s Insurance Plan
Life insurance plays an important role in an individual’s financial planning exercise. Insurance can assist individuals in planning for their own life stages as well as provide for their children’s future. It also secures a child’s future in case of any unfortunate event. Read more
Water damage
Recently there was an article in Times of India about damage to a car by flood water. One of the private insurer have stated of negligence of a car driver, who drove the car in a water where by engine got damage. Accordingly this insurer have consider this as a negligence and hence in their opinion claim can not be consider.
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