Regulatory framework in place for online sale of insurance policies
The Insurance Regulatory and Development Authority (IRDA) has informed Online Sale of Insurance Policies is one of the ways of distribution of insurance policies. Read more
insurance policies
Bank KYC enough to buy insurance policies
Finance Minister P Chidambaram in the Budget said the Know Your Customer (KYC) norms of banks will be sufficient to acquire insurance policies. This will be applicable for both life and general insurance policies. Read more
Smart things to know about online term insurance policies
- Insurance companies offer the facility of buying term insurance online. These policies may be the same as those sold through distributors or could be for exclusive online sale. Read more
Insurance policies see a dip in average ticket size
The average premium per policy of a life insurance policy has decreased by nearly 8% in FY12 over last year, according to a study carried out by Deloitte India. The study, called Life Insurance Channel Management Benchmarking Study 2012, included nine Indian private life insurers as participants. Read more
Soon, you can hold insurance policies in electronic form
You will soon be able to hold your insurance policies electronically. At its board meeting here recently, the Insurance Regulatory Development Authority (IRDA) board licensed the National Securities Depository Limited (NSDL), Central Depository Services Limited (CDSL), Stock Holding Corporation of India, Karvy Group and Computer Age Management (CAMS) Repository Services to act as repositories for insurance policies. Read more
Post-Sandy, a surge in flood insurance
Insurance agents and brokers say calls from homeowners inquiring or applying for flood insurance—which isn’t included in standard homeowner’s-insurance policies—have picked up since Sandy hit the East Coast in October. Most of the demand is coming from clients in Connecticut, New Jersey and New York. Read more
It’s tough to buy insurance policies
Experts say the frequency of claims in fire is much lower than in other areas of insurance Read more
The need to cover the death risk should be predominant of all the needs
Life Insurance Products cover the risk of financial losses due to premature death. They also cover the risk of living too long by making payment in lump sum or in installments at old age. But generally, the risk coverage in life insurance means ‘covering the risk of financial losses due to the death of the life insured’. Read more
Insurance : Industry On Growth Path
Indian insurance industry is booming. With the stock market booming and with more disposable incomes in the pockets of young and the employed, life insurance in on an upswing and the industry can expect 40% growth in 2005-06 with the right strategies. Read more
BLEEDING MOTOR PORTFOLIO ( GENERAL INSURANCE )
Now a days every General Insurance Company is talking about bleeding motor portfolio and coming out with emphasis on restricting motor portfolio and to increase in other portfolios and adopting various strategies, for example: Read more