January 9th, 2012 
Ziaulla Namani Insurance companies have been witnessing a steady decline both in policy sales and premium income even as they are trying to cope with regulatory hurdles.
Throughout the last calendar year, a number of private life insurers such as Aviva, Tata AIG, ING Vysya, Kotak Life and IDBI Federal launched children education plans to turn the tide in sales but with little effect.
Posted in Insurance, News 
Tags: Accumulation Phase, Aviva, Children Education, Death Claims, Ing Vysya, Insurance Council, Insurance Regulator, Insurance Regulatory And Development Authority, Insurance Sales, irda, Kotak, Life Insurers, New Businesses, Pension Plans, Private Insurers, Private Players, Provisional Estimates, Regulatory Hurdles, Steady Decline, Tata Aig 
Comments Off January 8th, 2012 Malvika Fulfilling a long-standing demand, the Prime Minister, Dr Manmohan Singh, today announced a new pension and life insurance scheme for overseas Indian workers that would allow over five million workers, especially those working in the Gulf, to save money for the future.
Announcing the Government’s decision to introduce and sponsor the Pension and Life Insurance Fund at the 10th Pravasi Bharatiya Divas here, Dr Singh said the scheme will encourage the overseas workers to voluntarily save money for their resettlement and old age.
“I am happy to inform you that the government has decided to introduce and sponsor a new Pension and Life Insurance Fund for overseas Indian workers.
“The scheme will encourage, enable and assist overseas workers to voluntarily save for their return and resettlement and old age,” Dr Singh said in his address that was heard with rapt attention by over 1,900 delegates from 60 countries.
He said the scheme, which was recently cleared by the Cabinet, will also provide a low-cost life insurance cover against natural death.
“This scheme fulfils a long-pending demand of our workers abroad,” he said.
Under the scheme, the Government will co-contribute Rs 1,000 per annum for all subscribers who contribute between Rs 1,000 and Rs 12,000 per year. Women overseas workers will enjoy a special additional co- contribution of Rs 1,000 a year.
Referring to his Government’s decision to allow Non-Resident Indians to vote in elections, he said pursuant to the law in this regard the Government has issued notifications for registration of overseas Indians under the Representation of People Act, 1950.
Source – PTI
Posted in Insurance, News Tags: Co Contribution, Delegates, Dr Manmohan Singh, Dr Singh, Elections, Indians, Insurance Fund, Insurance Scheme, life insurance, Manmohan, Manmohan Singh, Natural Death, Notifications, Pravasi Bharatiya Divas, Prime Minister, Rapt Attention, Regard, Representation Of People Act, Resettlement, subscribers Comments Off December 2nd, 2011 Tushar Mathur All drivers need car insurance but the process of getting a good insurance rate can be quite an ordeal. We are here to help and have prepared this step-by-step guide to online car insurance shopping to save you time and money.
Posted in Insurance Tags: Best Car, Car Insurance, Deductibles, Drivers License, E Mail, Insuranc, Insurance Companies, Insurance Coverage, Insurance Discounts, Insurance Laws, Insurance Rate, Jurisdiction, Lending Institution, Ordeal, Personal Finances, Personal Needs, Premiums, Time And Money, Vehicle Owner, Vehicle Registration Comments Off November 26th, 2011 Malvika Planning for contingencies like death and hospitalization also forms an important part of financial planning. Buying life insurance provides for the living expenses of bread earners family in his absence on death.
Posted in Insurance, Personal Finance Tags: Buying Life Insurance, Contingencies, Contingency, Earners, Financial Security, Government Bonds, Hospitalization, Investment Decisions, Life Coverage, Living Expenses, Myth 2, Myth 3, Myths, Ppf, Premium Rate, Safety Mechanism, Saving Bonds, Term Policies, Untimely Death, Waste Of Money Comments Off September 17th, 2011 Malvika It has always been a question of common belief that the male member or the bread winner of the family only needs to be insured. This belief has emerged due to the fact that the financial interests of the other dependent family members had to be protected in case of death of the bread winner.
Posted in Insurance Tags: Bread Winner, Case Of Death, Counseling Services, Daycare Centers, Dependent Family, Dependent Family Members, Eventuality, Financial Impact, Financial Interests, Homemakers, Household Work, Indian Insurance, Insurance Policies, Lots Of Money, Male Member, Menial Work, Middle Income Families, Mnc, Monetary Terms, Money Value, Unique Solutions Comments Off June 4th, 2011 Ziaulla Namani Insurance sector regulator Irda on Friday said guidelines to allow life insurance companies to raise funds from the capital market will be out by end of this month.
Posted in Insurance Tags: Common Stocks, Draft Guideline, Exposure Draft, Health Insurance, Initial Public Offering, Initial Public Offering Ipo, Insurance Firm, Insurance Regulatory And Development Authority, Insurance Regulatory And Development Authority Of India, Insurance Sector, Ipo Guidelines, Ipos, irda, Life Insurance Companies, Life Insurance Company, Life Insurers, Smaller Companies, Stakeholders, Stocks Shares, Time Insurance Comments Off September 7th, 2010 Malvika 
As per the news in Business Standard, the private non life insurance providers are following the path of PSU’s for cashless mediclaim. They are trying cut expenses by packaging rates and stabilising costs.
Posted in Insurance Tags: Allianz, Allianz Insurance, Chennai, General Insurance, Gipsa, Health Insurance, Healthcare Providers, Icici Lombard, Insurance Providers, life insurance, Managing Director, Medical Procedures, Mediclaim, New India Assurance, Private Insurance, Private Players, Providers Charge, Public Sector Association, Ramadoss, Sanjay Datta Comments Off April 12th, 2010 Malvika Would you mind if somebody pays you after your retirement or even before? If yes is the answer, then insurance is the best solution. Before investing in any insurance, get a brief idea of the plan you would like to invest upon.
Posted in Insurance Tags: Age Sex, Amount Of Money, Applying For Disability, Best Solution, Coverage Period, Hospital Bills, Insurance Company, Life Insurances, Long Term Disability, Long Term Disability Insurance, Maturity Period, Medical Insurance, Occupation, Permanent Disability, Retirement Period, Salary, Six Months, Term Disability Insurance, Term Insurance, Time Period Comments Off April 2nd, 2010 Malvika There are a lot of life insurance policies suitable for our parents who are retired, old, men and women. All Insurance companies, national or private, cater to the needs of the elderly. Though, you are able to provide food and shelter to them, you may not be able to afford high hospital bills, if they fall ill. So, it is advisable to choose a policy with medical claims, because with old age your parents are prone to diseases easily.
Posted in Insurance, NRI Investing, Personal Finance Tags: Bajaj Allianz, Check Ups, Free Health, Health Care Policies, Health Check, Health Policy, Hospital Bills, Icici Lombard, Importance Of Health, Installments, Insurance Companies, Life Insurance Policies, Life Insurance Policy, Medical Check, Medical Claims, Old Men, Peace Of Mind, Rishtey, Ups, Valuables Comments Off February 14th, 2010 Malvika If we talk about the today’s life, wedding insurance plays an important in everybody’s life. It is an insurance product which is specifically designed to provide financial security of a wedding. Wedding is special event in everyone’s life.
Posted in Insurance Tags: Bride Dress, Fake Insurance, Financial Security, Insurance Policies, Insurance Product, Insurance Providers, Low Budget, Marriage Ceremony, Rearrangement, Rescheduling, Right Decision, Right Time, Time Need, Unexpected Situation, Weather Conditions, Wedding Ceremony, Wedding Insurance, Wedding Policies, Wedding Reception, Wedding Wedding Comments Off October 19th, 2009 Malvika
There is never a right or a wrong amount of insurance. If an amount of
Rs. 5,00,000 is the right amount of insurance for your friend who has the same income, and is of the same age like you.
Posted in Insurance Tags: Amount Of Money, Atleast, Bank Loan, Brief Description, Car Help, Debts, Distant Future, Educations, Foresight, Inflation Rates, Insuranc, Insurance, Liabilities, Marriage, Misfortune, Number Of Dependents, Thumb Rule Comments Off August 23rd, 2009 Tushar Mathur The financial services arm of construction and engineering major Larsen and Toubro (L&T) is planning to set up a commercial bank as part of its efforts to have a presence in the entire gamut of financial services in the country.
L&T Finance, which already holds 4.69 percent in City Union Bank, said here Thursday that there were related advantages of starting a bank especially to provide services to corporate partners.
Apart from L&T Finance, the group has floated another non-banking finance company (NBFC), L&T Infrastructure Finance, as well as incorporating a general insurance company, L&T General Insurance.
“Our long-term vision is to be present in the entire gamut of financial services including asset management, general and life insurance and bank.
Posted in business, india, Insurance, News Tags: bank, banking products, Chennai, China, City Union Bank, commercial bank, Editor Manu Sharma, Europe, Financial Services, Larsen and Toubro, N. Sivaraman, NBFC, usa Comments Off May 7th, 2009 Tushar Mathur Why do I need Protection Plans?
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Protection Plans help you shield your family from uncertainties in life due to financial losses in terms of loss of income that may dawn upon them incase of your untimely demise or critical illness.
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Posted in Insurance, Personal Finance Tags: Amit, Amp, Cess, Critical Illness, Emotional Loss, Eventuality, Financial Cushion, Financial Independence, Financial Losses, Goals, Income Increases, Inflation Rate, Per Annum, Rs 1, Rs 2, S1, Uncertainties, Unfortunate Demise, Untimely Demise, Wage Earner Comments Off June 19th, 2008 Tushar Mathur 
The necessity of life insurance today is based around the idea of a family with one or both spouses working outside of the home, and that if one of them dies, the other will be left with financial obligations that will not be able to be met.
April 25th, 2008 Tushar Mathur 
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