Some major highlights of the Insurance Amendment Bill are as below:-
1. FDI has been hiked to 49% which will allow foreign companies to increase their stake in Indian joint venture. It will also help the Indian partner to raise money to beef up operations
Here is a gist of fine prints which you must watch while purchasing a health insurance policy.
1. No pre existing diseases will be covered. The General Insurance Council of India has adopted a common definition of Pre-existing disease wef 1.6.2008. It defines Pre-existing disease as: “Any condition, ailment or injury or related condition(s) for which you had signs or symptoms, and / or were diagnosed, and / or received medical advice/ treatment, within 48 months prior to your first policy with us.”Read more
You must be getting chances for promotion in your company. You might have to appear for a written test and appear for an interview. Â Though you are in a advantageous position since you are already working in the company still try to remember the following aspects before appearing for the interview. Read more
IRDA in its order dated 24th May 2012 has fined ICICI Prudential Life Insurance Co Ltd and directed it to pay Rs.1.18 crores within 15 days. This is the maximum fine imposed by IRDA after opening up of the insurance sector. Read more
Risk Management Audit refers to the process of assessing and analyzing the risk and suggesting the improvement measures to be adopted for better management of Risk. Read more
Surprising? Sounds Unusual! Yes although one may wonder what insurance has to do with astrology there is a definite linkage between the two extreme concepts. Read more