Five inbuilt free or cheap insurance covers

Some products and services have insurance covers most buyers don't know about. The best part is, usually, these are free or quite cheap. For example, there are covers given along with liquefied petroleum gas (LPG) cylinders, up to a whopping Rs 40 lakh in case of loss of life or damage to property due to cylinder explosions. Though there are a number of LPG cylinder explosions, causing loss to life and property, no one seems to be aware of an insurance cover available for LPG consumers in such cases.  .http://www.myallagents.com/Five-inbuilt-free-or-cheap-insurance-covers/details.html

Liberty Videocon General Insurance Company To Achieve Its Biggest Target

Roopam Asthana, Chief Executive Officer at Liberty Videocon General Insurance Company, today declared the company’s performance report for the ongoing year 2013 - 14. He said that till now the company has successfully achieved a sales figure of Rs. 65 crores as against the budget of Rs. 120 crores for the entire year. The Company is also optimistic about the business for the remaining part of the year and expects to meet the budgeted amount of sales.  http://www.myallagents.com/Liberty-Videocon-General-Insurance-Company-To-Achieve-Its-Biggest-Target/details.html

LIC sells shares worth Rs 8,800 cr in 17 Sensex companies

State-run insurance giant LIC has lowered its exposure in 17 blue-chip firms, with sale of shares worth an estimated amount of over Rs 8,800 crore, in the quarter ended March 31, 2013. Life Insurance Corporation of India's holding increased in nine Sensex companies during the January-March 2013 quarter, showed an analysis of the shareholding pattern of Sensex constituents.  http://www.myallagents.com/LIC-sells-shares-worth-Rs-8800-cr-in-17-Sensex-companies/details.html

Travel insurance: Handy during natural calamities

After any kind of natural calamity, insurance companies usually get jittery on the huge amount of claims they may have to pay. But following the recent floods in Uttarakhand, in which thousands lost their lives, general insurance companies have hardly seen any claims related to medical emergencies. This is because Indians don't believe in taking travel insurance, especially if they are travelling within the country. Even when travelling overseas, most Indian travellers take insurance only if it is mandatory. 
www.myallagents.com/Travel-insurance-Handy-during-natural-calamities/details.html

United India In Association With Agriculture Insurance Company Launches Website For Crop Insurance

Mr. Milind Kharat, Chairman cum Managing Director of United India Assurance and Mr. P.J. Joseph, Chairman of Agriculture Insurance Company (AIC) announced the launch of internet website that will enable issuance of Crop Insurance policies of AIC. This initiative is a part of Financial Inclusion Programme undertaken by United India Assurance Company Ltd. This scheme will also benefit the farmers who do not have easy access to the offices of insurance companies

http://www.myallagents.com/United-India-In-Association-With-Agriculture-Insurance-Company-Launches-Website-For-Crop-Insurance/details.html 

Need to wait and watch, if banks want to become brokers: Insurers

While the Insurance Regulatory and Development Authority (Irda) has allowed banks to become insurance brokers, insurance companies said it still needed to be seen whether this would happen. “It is a positive step, especially for non-bank led companies, since it has been pending for a long time. However, we will have to see, over a period of time, if banks would be interested, and whether RBI would approve. Only after this, would we see an open architecture of bancassurance,” said Deepak Mittal, managing director & chief executive officer, Edelweiss Tokio Life Insurance.  http://www.myallagents.com/Need-to-wait-and-watch-if-banks-want-to-become-brokers-Insurers/details.htm

 

Birla Sun Life Launches Vision LifeSecure Life Insurance Plan

Mr. Jayant Dua, Managing Director and Chief Executive Officer of Birla Sun Life Insurance Company, announced the launch of Vision LifeSecure Plan, which is a combination of savings and complete financial protection plan.  This plan offers a combination of periodical bonuses throughout the policy term and a life insurance benefit until a person attains the age of 100 years. He further added that, this plan is developed keeping in mind the fact that overall life expectancy across age group has gone up and the average prolonged existence per person is improving.  http://www.myallagents.com/Birla-Sun-Life-Launches-Vision-LifeSecure-Life-Insurance-Plan/details.html

Ways to get more from your health insurance

If you have been running from pillar to post to make your health insurance claims, you must be heaving a sigh of relief. The new health insurance regulations, effective from October this year, have made it easier for policyholders to claim for expenses which arise from hospitalisation or treatment. To top it, insurance companies are going out of the way to make the claims process simple and easy for individuals with minimum documentation and a quicker turn-around time.  ttp://www.myallagents.com/Ways-to-get-more-from-your-health-insurance/details.html

What are the different types of health insurance?

Health Maintenance Organizations (HMOs) and Exclusive Provider Organizations (EPOs)

HMOs and EPOs may limit coverage to providers insid e their networks. A network is a list of doctors, hospitals, and other health care providers that provide medical care to members of a specific health plan. If you use a doctor or facility that isn't in the HMO’s network, you may have to pay the full cost of the services provided
dhttp://www.myallagents.com/What-are-the-different-types-of-health-insurance/details.html 

Things you should know about your e-insurance account

A new facility introduced by the Irda allows you to hold all insurance policies in a single account through an e-insurance account. As in the case of a demat account, the customer can make modifications in the policy and view all his live policies, as well as the history of past transactions, at one glance with the help of this facility.  Here are things you should know about an e-insurance account:  www.myallagents.com/Things-you-should-know-about-your-einsurance-account/details.html

AUM of life insurers may treble to $ 1 trillion by 2020: Life Insurance Council

HYDERABAD: Assets under management (AUM) of life insurers will almost treble to USD 1 trillion (nearly Rs 60 lakh crore) by 2020 from the current Rs 19.4 lakh crore, according to projections by the Life Insurance Council.   Life Insurance Council Secretary General V Manickam said projections were made on the basis of growth in GDP and household savings over the next few years.   http://www.myallagents.com/AUM-of-life-insurers-may-treble-to-1-trillion-by-2020-Life-Insurance-Council/details.htm

What are the different types of health insurance?

Different types of health insurance plans meet different needs. When you compare options, it's important to understand how they are structured.

Health Maintenance Organizations (HMOs) and Exclusive Provider Organizations (EPOs)

HMOs and EPOs may limit coverage to providers inside their networks. A network is a list of doctors, hospitals, and other health care providers that provide medical care to members of a specific health plan. If you use a doctor or facility that isn't in the HMO’s network, you may have to pay the full cost of the services provided.

HMO members usually have a primary care doctor and mu
http://www.myallagents.com/What-are-the-different-types-of-health-insurance/details.html

Ways to get more from your health insurance

If you have been running from pillar to post to make your health insurance claims, you must be heaving a sigh of relief. The new health insurance regulations, effective from October this year, have made it easier for policyholders to claim for expenses which arise from hospitalisation or treatment. To top it, insurance companies are going out of the way to make the claims process simple and easy for individuals with minimum documentation and a quicker turn-around time.  http://www.myallagents.com/Ways-to-get-more-from-your-health-insurance/details.html

AEGON Religare Launches IGuarantee Insurance Plan

After tasting success with iTerm and iMaximize, AEGON Religare Life Insurance (ARLI) has launched another online insurance plan called iGuarantee Insurance Plan. AEGON Religare iGuarantee Insurance plans is a savings plan which offers guaranteed returns.   http://www.myallagents.com/AEGON-Religare-Launches-IGuarantee-Insurance-Plan/details.html

LIC eyes distribution tie-up with Postal Department

HYDERABAD, NOV 5:   Life Insurance Corporation of India is in favour of having a distribution tie-up with the Indian Postal Department, which has plans of its own in the insurance space. The Government has launched an initiative to pave the way for over 1.5 lakh post offices in the country to offer full-fledged banking and insurance services. Postal Life Insurance is also setting up a full-fledged investment division for generating optimal return  http://www.myallagents.com/LIC-eyes-distribution-tieup-with-Postal-Department/details.html

Regulators’ Rap on the Knuckles

Right to Information (RTI) application to the Insurance Regulatory Development Authority of India (IRDA), followed by an appeal, is what it took to ferret out the information that, until August 2013, Reliance Life Insurance, through its corporate agent, had defrauded 2,141 persons into buying insurance with the false assurance that they would get an interest-free loan equal to 10 times the premium. The agent was AB Capital which ran a call centre that expertly duped people by claiming that the loan would be processed once the policy was bought. Immediately after the policy purchase, they would stop taking the calls 
http://www.myallagents.com/Regulators-Rap-on-the-Knuckles/details.html