February 15, 2010

Break the shackle

Foreign direct investment in India has gradually in increased last decades. India has emerged as one of the favorite destination for FDI’s. FDI has played a pivotal role in Indian success story. They have served the purpose of source of huge amount of money which has been used on various government initiated development activity. There are government norms and regulation FDI in various sectors. FDI is allowed by financial collaborations, private equity or preferential allotment. It is not allowed in all sectors like arms, railways etc.

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February 15, 2010

Risk management in Life insurance

Risk management is one of the most imperative things in financial industry. Recent global credit crisis has happened because of poor risk management practices followed by many global giants. Risk management is a science & an art, as well. It involves looking into the profile of an individual & determines the risk associated with it. Risk management is essential as it measures the paying capacity of a individual & net worth of the person. Risk management is important for all kind of financial institutions irrespective of the kind of products or services they offer.

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February 15, 2010

Unit Linked Insurance Products

Unit Linked Insurance Products or ULIP are the hottest selling insurance products. They contribute around 80 percent of the total new business premium collection of the insurance companies’ collection. Their biggest USP is that they provide insurance cover and investment benefits. These are market linked products where premium amount is investment in money market and other investment instruments based upon the fund allocation given by the investors. The investment amount is use to purchase units and unit is  represented by the value that it has achieved known as net asset value. The policy value is derived from the total nav of all units.

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February 15, 2010

Regulating Indian Insurance Industry

Recently IRDA announced caps on the charges a insurance company can charge on its products. Earlier also, IRDA has been taking steps to ensure monitored functioning of insurance companies in India like they have been thinking about altering minimum lock in period of a insurance policy. But is it helping the consumer at ground? By putting a cap on the mortality or other charges, it can definitely provide some relief to the customer but the large issue still remains the same and that is, how a insurance policy is sold in India? Double of investment value in three years and many more other success stories which a insurance agent narrates to the customer while convincing. By increasing the lock in period, IRDA can put a check on this but definitely can’t stop this soon.

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February 15, 2010

New Emerging Global Leads

We have discussed more than enough what last year’s recession has done to the global economy. Fever is still on but now we are moving more rapidly towards a come back. One of the world’s worst economical setbacks has left world bleeding. Most of the biggest economies are still recovering and sign of last year’s blitz can be still seen, two asian countries which have done exceptionally well are India and china.

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February 15, 2010

Need of IT solution for business of Insurance

Insurance companies in India traditionally tend to have a narrow approach towards IT spending for their companies. They still prefer to follow traditional method of manual processing for most of the processes. Few companies have shifted to automated IT products for certain process, but still the large portion of the companies operation are done by manual methods. Insurance operation involves a large number of different processes which integrates into one central and huge database of policies. Looking at Indian population, one can imagine the number of policies being processed and data managed by each of these companies.

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February 15, 2010

Indian Economy & its impact over Reality Sector

Indian economy is going through a tough phase. Share market, industrial product and above all, our temper is down. Share market has lost 600 points in a week. Stock prices of many companies are down by 70-80 %. Economy is slowing down, though fundamentals are still very strong, but given its current face, it is definitely getting affected by global circumstances. In last decades or so, reality sector boomed like anything, sector growth was tremendous. As economy was doing well, people were making money & buying houses for personal & investment purpose.

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February 15, 2010

India ranks 66th at hunger index

One of the worst fact about India came out, India ranks 66th in global hunger index. Global hunger index was released on Tuesday. India has made some progress, since last data, but still situation is alarming. According to data, India’s hunger rate fell from 32.5 in 1990, to 23.7 in 2008. 88 countries were selected for the data, congo came at 88th. The major threat of hunger is in 33 countries, including India. Rising food prices have worsened the situation. Other south asian countries like Bangladesh scored 25.2 (70th place), Pakistan 21.7 (61st), Nepal 20.6 points (57th position), Sri Lanka 15 points (39th position), Thailand 9.9 points (23rd position), china 7.1 points (15th), and Mauritius 5 points (1st position).

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February 15, 2010

Financial detonation

We are facing a huge financial detonation. Market is collapsing like anything, can’t even get a appropriate term to describe the condition. BSE is trading around 11400 & NSE around 3500. Sometime back, we thought that we have touched the bottom but the current trend in market is disastrous & it can go to any level. Global liquidity crisis is forcing foreign investor to pull out their money to generate cash for them.

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February 15, 2010

Financial crisis hitting at my gift

Ultimately financial crisis has managed to hit me. Today, I received my diwali gift. It is ten times cheaper than the gift of last year. But the thought of getting a gift in this turmoil had given a smile on my face. At least company has given me something.

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February 15, 2010

Education – getting shoddier

In recent year, we have seen lot of changes in our education system. Most of the time, intellectuals says that there is huge pressure on students, so lets do something to reduce that. But, are we really doing exactly, what is required? Or we just are reducing the pain. I think we are not focusing upon real issues; we are reducing the quality of education, which will have lethal affect on country.

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February 15, 2010

Do i need Life Insurance?

I  use to ask this question to me & most often the answer I got was NO. Probably, because I am too optimistic about my life. Then, I realized that any mishap is not going to inform me before coming, if something really happens, then what will happen to my responsibilities. Who is going to take care of my family?

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