Claim Process made easier by ICICI Lombard

ICICI Lombard, the largest private general insurance company in India has launched a one of its kind Mobile Application for customers. Mr. N Eswarnatarajan, head of Operations and Technology, ICICI Lombard General Insurance announced the launch of mobile application “Insure” that will help the customer to intimate the claim through a mobile. 
http://www.myallagents.com/Claim-Process-made-easier-by-ICICI-Lombard/details.htm

LIC Nomura eyes 2-fold rise in AUM in FY14

LIC Nomura eyes 2-fold rise in AUM in FY14
LIC Nomura Mutual Fund targets over two-fold increase in its average assets under management (AUM) in the current fiscal by launching a host of new schemes in the debt and equity segments, a top company official said.
The fund house, which had posted losses in FY2011 and FY2012, also hopes to report profit in 2012-13..
http://www.myallagents.com/LIC-Nomura-eyes-2fold-rise-in-AUM-in-FY14/details.html

Why Cobrapost expose was a non-event for bank stocks

The shrill Cobrapost bite, this time mostly on large state-owned banks and insurance companies, failed to upset the market confidence on banking shares. The latest sting operation turned out to be a non-event that did not lead to panic-selling by investors on Monday. Bank Nifty was flat to close the day's trading at 12,396.

Source: moneycontrol.com 

http://www.myallagents.com/Why-Cobrapost-expose-was-a-nonevent-for-bank-stocks/details.html  

ICICI Lombard expects to surpass industry standard in premium growth

ICICI Lombard’s gross written premium (GWP) grew by 20%, expects a premium growth of 2 – 3% higher than the industry average. According to Mr. Neelesh Garg, Executive Director – ICICI Lombard General Insurance Company GWP grew to Rs. 6,420 crores for the financial year ending March 2013. He attributed this growth to rise in premium amount in both retail and corporate segments. He further quoted that the company expects the force of previous year to go forward in this year and that the company expects 2 – 3% higher premium than the industry average in the coming financial year. He also did not rule out the rise in prices of the premium amount depending on the inflation numbers.  http://www.myallagents.com/ICICI-Lombard-expects-to-surpass-industry-standard-in-premium-growth/details.html

Majority of companies discontinue to include parents in group medical insurance policy

mployees’ health and benefits study by Insurance broker Marsh India revealed that there has been a drop of around 76% in companies providing health insurance cover facilities to the employees’ parents under group mediclaim policy. The main reason attributable to the same is high premium cost. 
.http://www.myallagents.com/Majority-of-companies-discontinue-to-include-parents-in-group-medical-insurance-policy

ICICI Lombard under IRDA scanner for alleged irregularities

The vigilance department of the Insurance Regulatory and Development Authority (IRDA) is looking into such complaints in Rajiv Gandhi Shilpi Swasthya Bima Yojana ( RGSSBY), Weather Insurance Scheme, Shetkari Apghati Durghatana Bima Yojana and Panjikrut Kishan Durghatana Bima Yojana, according to a letter written by IRDA to Finance Ministry on its ongoing probe 
http://www.myallagents.com/ICICI-Lombard-under-IRDA-scanner-for-alleged-irregularities/details.html

Calculating your need before buying insurance

Mis-selling in insurance is prevalent and is one of the key reasons that is hurting the sector's growth is a fact accepted by the Finance Minister, P. Chidambaram himself on several occasions. Though the intermediaries are first to be blamed for it—an agent only pushes products that earn high commission—is the most popular reasoning given. However, there are several other reasons why a customer ends up buying a wrong product. For instance, it is not always 'mis-selling' but sometimes 'mis-buying' as well—lack of awareness, expectations of quick returns and using insurance as a tax saving tool, to name a few  http://www.myallagents.com/Calculating-your-need-before-buying-insurance/details.html

How to Claim for Health Insurance from Multiple Insurers

Healthcare costs were significantly lower a decade ago. A health policy of Rs. 2 lakh back then could provide adequate coverage for a small family; today, the same policy will not go far.

Galloping inflation in healthcare has ensured that a single health plan is no longer enough. Many are now buying multiple policies in order to increase their health coverage. However, multiple policies give rise to multiple queries regarding the claims process: 

: http://www.myallagents.com/How-to-Claim-for-Health-Insu 

rance-from-Multiple-Insurers/details.html 

Dial 'e' for e-insurance

If one goes by latest trends, just putting an 'e' before everything makes it fashionable. But it has its benefits as well. And the main benefit is reduction in cost, often quite sharply. So, when asked the question whether buying an e-policy is better than the offline policy, most would agree with the convenience of the former.  .http://www.myallagents.com/Dial-e-for-einsurance/details.html

Comprehensive health plans better for specific diseases

Some pointed to the fact that this comes close on the heels of new guidelines that don’t allow extra loading, effective October. Sooner or later, all companies would have to comply with this. Currently, health insurers such as ICICI Lombard, Apollo Munich and Bajaj Allianz cover diabetes and hypertension as pre-existing diseases (after a waiting period). New India Assurance would have a four-year waiting period for a cover on the two diseases. 
http://www.myallagents.com/Comprehensive-health-plans-better-for-specific-diseases/details.html