Protection of Policyholders Interests (IRDA) Regulations
Salient Features Point of Sale (1) Notwithstanding anything mentioned in regulation 2 (e) above, a prospectus of any insurance product Read more
insurance premium
Health Plus from Aviva Life Insurance Co. Ltd
Overview Aviva Health Plus is a comprehensive health cum savings plan that covers you against death and ill health while Read more
Under Insurance aspect with respect to Marine Cargo Policies Is sum insured average applicable to Marine Cargo Policies
Though Marine Cargo Policies are in principle devised on agreed valued basis, in policies covering especially second hand Machinery under Marine Policies, under Insurance or sum Insured average is quite applicable. A novel example is presented in this context pointing out where sum insured average is applicable in Marine Cargo Claims. Read more
Evolution of health insurance in India towards healthy ‘Health Insurance’
Insurance is a mechanism by which the losses of a few are met through contributions from many. It is a method of dealing with fortuitous events resulting in a financial loss. Read more
Launching of Unit Linked Health Insurance by Life Insurers
Introduction:
Both non-life and life insurance companies are keen on cashing in on the growing opportunities in the health insurance segment. They are on course to offer a slew of products, other than Mediclaim, to give more choice to consumers. Read more
Third Party Administrator in Health Insurance?
Gone are the days of the bleak appearance of the health insurance programmes in the  insurance scenario. Now the Indian insurance market resurrects by giving a legal clothing by IRDA on its constitution of the Third Party Administrator Regulations. Read more
The LIFE INSURANCE and EET
When the budget for 2006 was presented and passed, people in life insurance industry heaved a sigh of relief that there was no announcement about taxing the claim proceeds of life insurance policies (as well as PPF etc allowed for deduction u/s 80C) according the principle of EET (Exempt, Exempt and Tax) evolved in last budget, even though the EET committee appointed also is understood to have submitted a report in favour of taxing life insurance proceeds! 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
Term Insurance – Appreciate its full potential
Definition of Term Insurance is life insurance for a limited period of time. Prospects often faced with a sudden overwhelming liability for a limited period of time, need relief. Term insurance gives the cheapest and the quickest relief. And an effective one too. Read more
Third Party Motor Claim (A Solution)
Editorial The Economic Times, The price of risk Premia Must Reflect Profile of Insured. A group constituted by the Insurance Regulatory Authority of India (IRDA) has proposed fixing of motor insurance premium (own damage) based on a combination of risk factors and the policy holder’s risk profile – Risk Factor Rating System. This proposal is part of a roadmap towards de-tariffing motor (own damage) insurance from 1 April 2005. Read more