Evolution of health insurance in India towards healthy ‘Health Insurance’

Insurance is a mechanism by which the losses of a few are met through contributions from many.  It is a method of dealing with fortuitous events resulting in a financial loss. Read more

Health Insurance – issues, challenges and way forward

Background/Need for Health Insurance

Health of its citizens is one of the top priorities of a Nation. A Nation with healthy people would be able to pursue its agenda with dexterity and execute those with finesse. Read more

Launching of Unit Linked Health Insurance by Life Insurers

Introduction:

Both non-life and life insurance companies are keen on cashing in on the growing opportunities in the health insurance segment. They are on course to offer a slew of products, other than Mediclaim, to give more choice to consumers. Read more

Third Party Administrator in Health Insurance?

Gone are the days of the bleak appearance of the health insurance programmes in the  insurance scenario. Now the Indian insurance market resurrects by giving a legal clothing by IRDA on its constitution of the Third Party Administrator Regulations. Read more

Health Insurance: Contemporary Issues and Policy Implications of Government of India

The national health policies have given added emphasis on health insurance. The common minimum programme of the new UPA government also focuses on its important aspect. The recent govt. policies emphasize on many technical details and other nitty gritty of the problems on health insurance. The budgetary provision of 2003 -2004 extended financial interest in establishing hospital custom and excise duty exemption. Read more

Develop Lifetime Ties

You can’t be content selling somebody something in one shot, if for the same time and effort you could position them and set the stage for them to want to come back every month and buy from you. Don’t set up a relationship with a customer unless you can set it up for a lifetime of purchasing transactions. Read more

Modern Market Driven strategies of LIC- an Overview

Introduction: 

The development of mankind from Adam and Eve is customized to change. The change is a common phenomenon which originates from the destruction of one living being and ends with the introduction of another. Read more

Planning Investment Portfolio

Investment is the employment of funds with the aim of achieving additional income or growth in value. It is allocation of monetary resources to assets that are expected to yield some gain or positive return over a given period of time. Read more

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

Career Planning in Life Insurance

1. Introduction:

Individual’s Career Planning assumed greater significance with the growth and speed of knowledge, phenomenal increase in educational and training facilities and widespread increase in job opportunities.  Similarly, organizational career planning also gained importance with the change in technology, human needs, values and aspirations, increase in organizational size, complexity and number of openings at different levels. Read more