ASSOCHAM Hosts Health Insurance – Rethinking Business Models & Excellence Awards

Associated Chambers of Commerce and Industry of India organized the Health Insurance – Rethinking Business Models along with Excellence Awards Read more

Insurance News: ASSOCHAM seeks similar treatment to AI, KFA

Life Insurance Corporation of India (LIC) and Employee Provident Fund Organisation (EPFO) subscribing to Rs 7,400 crore debt issue of Air India (AI) as part of the government’s bailout plan for the state-owned airlines, the ASSOCHAM demanded a similar dispensation for the Kingfisher Airlines (KFA) as well.

ASSOCHAM Secretary General D S Rawat said the circumstances under which both Air India and Kingfisher Airlines went down under were almost similar, largely emerging from the demand slowdown, high cost of aviation turbine fuel and other rising overhead costs. Read more

IRDA News: `Pension products must have annuity for approval’

J Hari Narayan hit out at companies filing for approval of pension products that do not have the pension element in it. Addressing reporters at an insurance summit organised by Assocham, he said: “Products which have been called pension products and filed for approval are not pension products. They may call it such but it is not. It’s much like a mutual fund product in which you make a periodic investment and anytime can pull it back… Hence, it will not be approved.” Read more