Posted by admin on Feb 15, 2010
According to a finance ministry official, Life Insurance Corp of India (LIC) won’t be allowed to increase its stake to more than 10 percent in Indian firms. But yes, where LIC already holds more than 10 percent, it will be allowed to retain the stake in companies.
As per the guidelines by the Insurance Regulatory and Development Authority (IRDA), the insurers aren’t allowed to hold more than 10 percent stake in any firm. Because they feel, it can lead to market speculations that the state-run insurer might be asked to pare its existing stakes.
According to a close source of IRDA: “The IRDA has not asked them (LIC) to pare it down. But they may do it for commercial reasons.”
“However, they have been asked not to buy more than 10 percent treasury stake in future.”
Whatever, the good news for insurance industry is shinning on as like never before. The insurer
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Tags: 10 Stake, Stake
Posted by admin on Feb 14, 2010
It is extremely important to find the best coverage for your car, and a good deal of investigation is required on your part in order to choose the best scheme for car insurance. Comprehensive planning and some wise thinking and effort on your part can spare you from making a lot of expenditure on your policy.
Purchasing your car is the correct time to begin this process. Before picking your car model, you should ascertain what type of car insurance you will be able to obtain for that car and what it will cost. It is advisable to compare online quotes from different firms providing motor insurance, as they are usually less costly than what you get offline.
You should remember that mostly making a one-time payment of the year’s premium is more cost effective than making payment on a monthly basis, as you are spared of the interest that is charged on monthly payments. H
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Tags: Car Insurance, Insurance
Posted by admin on Feb 14, 2010
What’s the latest buzzword in life insurance? Yes, it’s child insurance.
In 2008-09, almost a fifth, or almost Rs 18,000 crore, of the new business premium income came from child plans. Insurers expect that growth of this segment will be faster than the industry average.
Poonam Dosi, head, product and customer management, InsuranceMall, told: “Now parents are very concerned about a child’s education and protection. Above all, the parents are looking for options where they receive surplus returns to take care of their children’s education and marriage before their retirement.”
“Right now, one-third of premium income comes from only child insurance,” she concluded.
And to woo buyers, insurers are introducing innovative products with the offers like death benefit, policy continuation and premium waiver.
Even, unlike earlier, insurance companies are now covering hobbies, talent and other skills.
And if the buyers complete a certain number of years of policy, the insurers offer bonus benefit. For instance, A
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Tags: Child Insurance, Insurance
Posted by admin on Feb 11, 2010
Wow! You and your fiancee have finally bought your engagement ring and it’s really great. Of course, it was expensive too. But now you are getting worried. And the jeweler has recommended engagement ring insurance. It is not that your fiancee is a regular scatterbrain, but she can be a little careless about removing her rings when she’s working (she’s a doctor and that kind of makes it ok!).
But what if she simply forgets where she’s placed the ring and then she cannot find it again? The very thought of losing that expensive ring is giving me a major headache. But there is no need for that to happen. You can easily make sure that you get engagement ring insurance for your fiancee’s engagement ring and protect your investment.
How does engagement ring insurance work?
The process is very simple. Just as you would get homeowner’s insurance on your home you can also get engagement ring insurance. Read more…
Tags: Engagement Ring, Ring
Posted by admin on Feb 10, 2010
Steve, I’m planning another trip in August 2010 but I’m not sure as to the departure and return dates. Since my initial deposit will be in the next few days, I want to have the waiver of the pre-existing condition exclusion and Cancel for Any Reason coverages by buying now. May I use estimated dates and amend the policy later without losing these options? Tom
Hi Tom,
This is a great question that comes up often, so I’m happy to answer it here for you.
Yes, you can easily change the travel dates later if needed without losing the Pre-existing Conditions or Cancel for Any Reason coverage. It’s the same cost for up to 30 days trip length.
In addition, though you’re not asking this, if your trip cost exceeds what you insure, you just need to increase your policy’s coverage within 10 days of incurring those higher prepaid non-refundable trip costs to keep the Pre-existing Conditions and Cancel for Any Reason coverage.
I hope this makes sense. If not, cal
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Tags: Dates, Dates Later
Posted by admin on Feb 10, 2010
Techno Educational Trust known as a part of the Aga Khan Foundation recently chose InsuranceMall as their insurance broking partner.
With that deal, Techno Educational has insured them with the coverage that secure them from the damage caused by:
1) Fire: Excluding destruction or damage caused to the property insured by
2) Lightning
3) Explosion/Implosion
4) Aircraft Damage: Loss, Destruction or damage caused by Aircraft, other aerial or space devices and articles dropped there from excluding those caused by pressure waves.
5) Riot, Strike, Malicious and Terrorism Damage: Loss of or visible physical damage or destruction by external violent means directly caused to the property
6) Storm, Cyclone, Hurricane, Tornado, Flood and Inundation: Loss, destruction or damage directly caused by Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood or Inundation excluding those resulting from earthquake, Volcanic eruption or other convulsions of nature.
7) Impact Damage: Loss of or visible physical damage or destruction caused to the property insured due to impact by any Rail/ Road vehicle or animal by direct contact.
Subsidence and Landslide including Rock slide: Loss, destruction or damage directly caused by Subsidence of part of the site on which the property stands or Land slide/Rock slide
9) Bush Fire: Excluding loss, destruction or damage caused by Forest Fire.
Why Should You Have Property Insurance?
Property insurance adds safeguards the financial future if certain damages occur to your property.
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Tags: Educational Trust, Insurance, Techno Educational, Techno Educational Trust
Posted by admin on Feb 08, 2010
What is the point comparators insurance? Obtained by filling a single form rates from several insurers. The insurance quote that you get directly online is free (except of course your usual fee for internet connection). How do they earn money? Comparators insurance are paid directly by insurers. They receive a commission when you make an estimate and / or when you purchase a contract through them.
What are the limits of comparators insurance? 1 / Some major players in the insurance industry does not wish, for various reasons, establish partnerships with comparators. You need to bear in mind that making a quotation on a comparator insurance, you get only the rates of partners of the comparator used.
2 / Second limit, you can not learn specific criteria regarding guarantees desired.
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Tags: Comparators Insurance, Insurance
