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Due to subdued demand from large corporates in absence of investment activity and higher bad assets in mid corporates, State Bank of India has turned its focus on retail loans, primarily auto and housing loans to grow its asset book. Read more
Employees and officers under the banner of United Forum of RBI Officers and Employees have called a country-wide strike on January one 2013 to protest the decision to close currency notes and coins issue counters from that date. Read more
A rate cut which looked imminent in January has now been called into question with the Reserve Bank of India (RBI) saying that it is worried that savers are shifting to non-financial assets like gold and real estate because of very low real returns on financial assets. Read more
The Chairman/CEOs of all the insurers
December 27, 2012 Read more
To all TPAs
Ref: IRDA/HLT/MISC/CIR/263/12/2012
Date: 28-12-2012
For implementation of a web based licensing system for TPAs which would facilitate online submission of application by companies for grant of fresh/renewal TPA license. Read more
General insurers, which have been in losses for much of the last decade, are working out novel ways to boost their income, including charging higher premium for those who park their cars in open, and from those who are in field jobs such as sales. Read more
The Maharashtra government has launched Rajiv Gandhi Jeevandayee Arogya Yojana (RGJAY) in order to improve medical access facility for both Below Poverty Line (BPL – Yellow card holders) and Above Poverty Line (APL- Orange card holders) families). RGJAY is already being implemented in eight districts including Mumbai and would be implemented throughout the state in phased manner in a period of three years. Read more
Planning to make an organisation efficiently effective in a competitive business is like seafaring in troubled waters – your craft should be strong in design with effective systems, your crew should be motivated and excellent and you have to have a damn good idea about the path to ensure a successful journey from objective to results. The most important factor, undoubtedly, is the knowledge of the environment in which one operates. Read more
Aircraft (Flight & Ground Risks) Policy :
The cover provided by the policy is to replace or make good accidental loss of or damage to the aircraft including standard components parts thereof, temporarily detached in conÂnection with overhaul or repair while in the custody or control of the insured (unless other similar component parts have been substituted) from whatsoever cause arising whill the aircraft is in Flight and/or Taxying and/or on the Ground and/or Moored. The policy also covers legal liability to third parties (other than passengers), and also legal liability to passengers. Read more
Hit and Run Accident is a motor accident arising out of the use of a motor vehicle or motor vehicles the identity whereof cannot be ascertained in spite of reasonable efforts for the purpose. The Motor Vehicles Act, 1988 is a piece of social legislation and its provisions are designed to protect the rights of victims of road accidents. In spite of the wide protection afforded by the provisions of the Act, there remain certain gaps in which the road victims may not have any remedies. Read more