Category Archives: India

Insurance Sector in India Facing the Heat

In a nation of 100-crore people, you would think the growing economy would make private insurers in a liberalised industry hit it big. But, with losses mounting, some of the hottest expansion plans are running for, well, cover Capital is … Continue reading

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Indian Insurers preparedness for Global Financial Crisis

Last week, India’s financial market regulators took stock of the country’s preparedness to deal with the global financial meltdown. The turmoil has hurt American and European banks and driven down stockmarkets the world over. The meeting of the high level … Continue reading

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Mutual funds and life insurance are two distinct products

There were some announcements recently by the Life Insurance Council, a lobbying body formed by life insurance companies. Broadly, these announcements appeared to say two things: that the terminology of unit-linked insurance plans (Ulips) would be made uniform and that … Continue reading

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Insurance Agents Argument in favour of ULIPS!

A strange argument in favour of ULIPs (insread of Mutual Funds) Since Insurance is always sold and not bought, it requires considerable individual efforts to sell the product. The individual needs to be remunerated upfront which results in a seemingly … Continue reading

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Research Report on Life Insurance Sector in India

The life insurance sector in India will largely be driven by the propensity to save among Indians, according to a report by market research firm, RNCOS, analysing the Indian insurance market. This means that life insurance products with a higher … Continue reading

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Private insurance company agents and multi-level marketing (MLM) companies misusing Referral scheme

The Insurance Regulatory and Development Authority (Irda) has expressed its concern over the referral programme prevalent among insurers. According to a senior Irda official, some private insurance company agents and multi-level marketing (MLM) companies are misusing the scheme. Though the … Continue reading

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Insurance Companies Working Hard on Branding

With 22 players in the market and counting, insurance companies have to distinguish themselves from their competition. As most insurance advertising tends to focus constantly on life, security and benefits, making differentiation virtually impossible, and players are known by their … Continue reading

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Mis selling of Insurance Policies

Mis-selling of insurance policies is a serious issue in the insurance industry, according to Mr J. Hari Narayan, Chairman, Insurance Regulatory and Development Authority (IRDA). The instances of mis-selling is significantly larger in the unit linked insurance plans (ULIPs), Mr … Continue reading

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Insurance Amendment Bill on its way to Approval

Almost two years after the UPA government referred the Insurance Amendment Bill aimed at raising the foreign direct investment cap in the sector from 26% to 49%to a Group of Ministers (GoM), the panel finally paved the way for the … Continue reading

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Insurers increase share in Government Securities

Insurance companies invested Rs35,880 crore (US$8.1 billion) in government securities in the last fiscal year ended 31 March, 173% higher than the amount invested in 2006/07, according to data from the Reserve Bank of India (RBI). The share of insurance … Continue reading

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