General Insurance News Research reactors not eligible for nuclear insurance pool September 17, 2015 Bimabazaar- Adminstrator 913 Views 0 Comments AHWR, BARC, IGCAR, NPCIL, nuclear insurance, PFBR, sekhar basu It has been recently revealed that the India’s research reactors will not be covered under the newly setup nuclear insurance Read more
General Insurance News DD, AIR to publicize claim settlement of PM’s insurance schemes September 17, 2015 Bimabazaar- Adminstrator 873 Views 0 Comments AIR, DD, Insurance, LIC, PMSBY The finance ministry is seeking wide publicity for the claim settlement procedures under the two insurance schemes announced by Read more
Life Insurance News Report of the Committee recommendation for curbing mis-selling and rationalising distribution incentives in financial/Life Insurance products September 15, 2015 Bimabazaar- Adminstrator 888 Views 0 Comments hundis, IFC, IPO, Lapsation profits, LIC, misselling life insurance, Misselling policy, Regulations, SEBI, UTI Background Regulating the financial sector is a tightrope walk in any jurisdiction, but more so in a country like India. Read more
Risk Management Article UNDERSTANDING OF RISK MANAGEMENT PROCESSES APPLICABLE TO INDIAN LIFE INSURANCE SECTOR September 7, 2015 Bimabazaar- Adminstrator 2639 Views 0 Comments 1. Introduction: First of all we need to look at the how Risk Management Module presently involved in the processes Read more
Life Insurance article Indian Life Insurance Industry: Promoting Innovation & Creativity for Growth & Development September 7, 2015 pawan verma 2618 Views 0 Comments bancassurance, brokers, ICICI, insurance penetration, life insurance, post-liberalization, premium, SBI The Indian life insurance industry, which was liberalized in 1999, allowing private sector players in the business, has grown at Read more
International Insurance News Insurer Aetna to acquire Humana Inc September 7, 2015 Bimabazaar- Adminstrator 1265 Views 0 Comments Ace Ltd, aetna, chubby corp, health insurer, Humana Inc., insurer, obama, Swiss property Health insurer Aetna said it would buy smaller rival Humana Inc for about dollar 37 billion in cash and stock, Read more
Life Insurance News LIC investments of Rs.10K cr under close watch September 7, 2015 Bimabazaar- Adminstrator 847 Views 0 Comments brokers, Finance ministry, investments, LIC Life Insurance Corporation investments worth Rs 10,000 crore is under the government’s scanner for alleged nexus between top company Read more
Life Insurance News New amendments makes rejections to claims tight: LIC Chief September 7, 2015 Bimabazaar- Adminstrator 1714 Views 0 Comments account holder, INSURANCE ACT, Liability, LIC, PMJJBY, scheme Life insurance companies will find it almost impossible to reject claims in future because of an amendment to Section Read more
Life Insurance News All investment decisions routed after due diligence: SK Roy September 7, 2015 Bimabazaar- Adminstrator 1030 Views 0 Comments assets, coal India, LIC, premium, S K Roy Life Insurance Corporation chairman S. K. Roy is of the fact that Corporation which manages assets worth Rs.17 lakh Read more
IRDA in India Future Generali penalized for Rs.50 lakh September 7, 2015 Bimabazaar- Adminstrator 861 Views 0 Comments big bazaar, Future Generali, Insurance, IRDAI The IRDAI has imposed a penalty of Rs.50 lakh on Future Generali Life Insurance Company against 34 charges on Read more