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Updates@NIASoM: Aug 29, 2008

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National Insurance Academy School of Management, Pune(INDIA). Friday, August 29, 2008. Life cover for 40% less. Posted by Sarita Mohanty. DELAY IN OPENING PF OFFICE HITS PENSIONERS. Posted by Shailesh Maloo. EXEMPT FUNDS PLAY SAFE, SETTLE FOR LOWER RETURNS. A majority of exempt fund investment is still held in PSU bonds and central government securities. Exempt and excluded pension funds together account for Rs 110,000 crore; of this, pension sector observers peg exempt funds at Rs 70,000 crore. In 2006,...

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Updates@NIASoM: Aug 28, 2008

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National Insurance Academy School of Management, Pune(INDIA). Thursday, August 28, 2008. 8216;ESI SEEN AS INEFFECTIVE HEALTH SCHEME’. Bangalore: Employee State Insurance (ESI) is seen as an ineffective health insurance scheme for the organised sector temporary employees. In a study by staffing solutions company, TeamLease Services, nearly 70 per cent of temporary employees view the ESI deduction as a form of tax for which they get no or very poor return. Mr N Venkataraman, CFO, TeamLease Services, said a...

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Updates@NIASoM: Aug 14, 2008

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National Insurance Academy School of Management, Pune(INDIA). Thursday, August 14, 2008. FIRST HEALTH INSURANCE POLICY FOR HIV LAUNCHED. Bangalore: A group insurance. Source: PTI, The Economic Times, The Hindu, The Tribune, The Times of India, Daily News and Analysis. Posted by Shailesh Maloo. IPO BY PSU INSURERS OPPOSED. Source: The Hindu Business Line. Posted by Shailesh Maloo. BHARTI AXA GENERAL TO HIRE 1,700. Source: The Hindu Business Line. Posted by Shailesh Maloo. Posted by Shailesh Maloo. Chennai...

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Updates@NIASoM: Aug 8, 2008

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National Insurance Academy School of Management, Pune(INDIA). Friday, August 8, 2008. AXA-BHARTI WILL ENSURE YOUR ART TREASURE’S SECURED. Mumbai: The speciality business of art insurance will come to India, with French insurer Axa participating in a general insurance joint venture with Bharti. Axa of France owns UK-based Axa Art Insurance — the largest specialist art insurance company in the world. Source: The Economic Times. Posted by Shailesh Maloo. ANOTHER JUDGE REFUSES TO HEAR PF SCAM CASE. New Delhi...

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Updates@NIASoM: MODALITIES FOR HEALTH INSURANCE SCHEME UNDER DISCUSSION

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National Insurance Academy School of Management, Pune(INDIA). Saturday, January 24, 2009. MODALITIES FOR HEALTH INSURANCE SCHEME UNDER DISCUSSION. While this was on, tenders would be called for from insurance companies to operationalise the scheme and shortlist private hospitals. “Once tenders are called for, we need to give at least 30 days. Within that time period, it is possible that elections are announced. Then, the process will be kept in abeyance till such time the election proce...Needing insuran...

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Updates@NIASoM: Jan 23, 2009

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National Insurance Academy School of Management, Pune(INDIA). Friday, January 23, 2009. HEALTH CLAIMS: NON-LIFE INSURERS PLAN THIRD PARTY ADMINISTRATOR. Source: The Hindu Business Line. Posted by Shailesh Maloo. ORIENTAL INSURANCE PLANS TO EXPLORE UNTAPPED AREAS. Posted by Shailesh Maloo. NSURANCE FIRMS BET BIG ON CHILD COVER. Their children's higher education. Education is one of the most certain needs that cannot be deferred unlike other needs. "Providing good education, establishing a professi...You s...

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Updates@NIASoM: Aug 12, 2008

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National Insurance Academy School of Management, Pune(INDIA). Tuesday, August 12, 2008. MINISTRY HOPES TO MAKE PF AVAILABLE FOR ALL CITIZENS. Source: The Indian Express. Posted by Pankaj Parashar. FINMIN MAKES COMPROMISES TO ENSURE PASSAGE OF PENSION BILL. In allowing pension funds to invest 15 per cent of their corpus in equity (5 per cent directly in stocks and 10 per cent in equity-based mutual funds), the ministry had earlier not specified if overseas investments were allowed. Now, in an effort t...

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Updates@NIASoM: Aug 20, 2008

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National Insurance Academy School of Management, Pune(INDIA). Wednesday, August 20, 2008. K N BHANDARI TO RESIGN FROM GIC POST. Mumbai: K N Bhandari, the secretary general of the General Insurance Council (GIC), a self-regulatory body for non-life insurers, has decided to step down, following sharp differences between private and public sector players on a host of issues. Posted by Shailesh Maloo. PSU GENERAL INSURERS MAY BE ALLOWED TO TAP MARKETS. If this happens, the four nationalised companies —...

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Updates@NIASoM: Jun 9, 2009

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National Insurance Academy School of Management, Pune(INDIA). Tuesday, June 9, 2009. RISING LIFE EXPECTANCY TO HELP LOWER INSURANCE PREMIUM. Mumbai: Life insurance premium rates are likely to drop over the next few months owing to longer life expectancy, with a new mortality and morbidity table expected to be in place by the fourth quarter of 2009 to replace the current one, which is of 1994-96 vintage. With the risk perception falling, premium rates, which are based on mortality rates, are expected to f...