Indian Insurance News update
Read latest updates on Insurance Industry Read more
Month: September 2011
Appearing for Interview in Para 13.2 exams
Congratulations to those who have passed the Para 13.2 exams successfully. We have received excellent feedback for the books prepared by us. A large number of candidates have passed the exam by reading our books. Those who have qualified shall be appearing in the interview for promotion and they must be update with all the latest developments in the insurance field.
Read moreBharti AXA Life launches India`s first Triple Benefit Critical Illness Plan
Bharti AXA Life Insurance, the private life insurance joint venture between Bharti Enterprises and AXA, the worlds largest insurance company, today forayed into the health insurance category, announcing the launch of Indias first triple benefit critical illness plan “Bharti AXA Life Triple Health Insurance Plan”.
Read moreIRDA News: Modification of Guidelines for Individual Agents for Persistency of Life Insurance Policies
Reference is invited to the captioned circular issued by the Authority. The Authority is in receipt of representations from the Industry seeking revisiting of certain provisions of the said circular. Accordingly, keeping in view the objective of ensuring higher levels of persistency of life insurance policies as also conserving the agency force, the Authority issues the following modifications.
Read moreIRDA News: Clarifications on Guidelines on Outsourcing of Activities by Insurance Companies
With reference to the captioned guidelines the following clarifications are issued for compliance by all insurers.
Read moreAssocham : Global Insurance Summit Conference Report
Insurance being a necessity rather than choice
Life insurance is almost a basic need. It’s the first step in Personal Financial Planning. It fulfills different purposes for different people and can provide valuable benefits if you make your choices carefully. Read more
Insurance Industry in India must focus from Growth to Development
Dr. P. Nandagopal, MD & CEO, India First Life Insurance Co. Ltd.while addressing the ASSOCHAM seminar said “Peering into the next decade, we realize the way forward is by shifting the focus from ‘Growth to Development’ for all stakeholders which includes customers, distributors,
Read moreInsurance News: Insurance industry to have premium income of Rs 18 lakh crore by 2020: ASSOCHAM
Mumbai, 20th September, 2011: Strong underlying demand tailwinds are likely to push premium income of the Indian insurance industry to Rs 18 lakh crore by 2020, apex chamber ASSOCHAM said today.
Read moreShri Bharat J Boda, President of the Insurance Brokers Association of India passes away
Shri Bharat J Boda, Chairman of J. B. Boda Group of Companies and President of the Insurance Brokers’ Association of India, passed away on 19.9.2011 in Colombo while he was on a business trip.
Read moreIRDA News: Creation of Indian specific ACORD standards for the Indian Insurance Market
IRDA Circular : Though the Indian insurance industry has been in existence for over 125 years, the pace of standardization and integration has picked up speed with the liberalization of the sector. The most time and cost-consuming activities are concentrated in back office functions and administrative tasks.
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