Market has been crossing new highs, sensex is soaring and money is coming in like it is never going to stop.  FII have pumped in more than 18 billion USDs in Indian market. Market has gone up in a very short span of time. Share prices of good companies have zoomed in very fast. […]

Come September 1 and you will have different ULIPs and pension plan across life insurance companies. Insurance regulatory and development authority has recently issued new guidelines for Unit Linked Insurance Plans and pension plans. New ULIPs will come with a five year lock in period instead of three years. Commission payout will also be restructured […]

Recently many health insurance companies removed the name of many big hospitals from list of the Preferred Provider Network (PPN). They claim that hospitals have been inflating their bills for patients who have mediclaim policies offering cashless facility. Most of these hospitals are from metros like Mumbai and Delhi. Since the news broke,  it has […]

Insurance regulatory and development authority of India has recently introduced new ULIP guidelines. These guidelines will be affected from 1st of September 2010. In last few months, IRDA has taken several steps to streamline life insurance business and safeguard consumer interests. Mis-selling has been a huge problem troubling life insurance player in India. New guidelines […]

The Insurance Regulatory and development authority of India had introduced new ULIPs guidelines to protect consumer interest and enhance ULIPs as Insurance products than investment products. Starting from September 1,Insurers  will offer a minimum guaranteed annual return of 4.5 per cent on pension plans (ULIPS), a 10-times increase in the minimum risk cover, even distribution […]

Sale season is on in India. Discounts always attract customers, getting something in less than its actual price always does the trick. Life insurance should not be the exception but we hardly get any Life insurance sale. With the growing number of life insurers in the market, competition has increased and resulted in more number […]

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. […]

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 […]

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 […]

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 […]

Few facts to Tell   The world health organization estimates that 60 % of the world’s cardiac patients will be Indian by 2010. Every 9th person in the world who is suffering from hypertension is an Indian There are 40 million Indians affect affected by diabetes, out of which almost 35-40 % are people in […]