I need Health coverage that starts before January 2014

You can buy individual insurance that starts before January 1, 2014. We can help you find your options. But some rights and benefits won’t apply yet.
Having health insurance is important

Having health insurance is important to your health and financial security. If you don’t have coverage now and need it before Marketplace coverage begins, you have several options. You can buy directly from an insurance company, with the assistance of a broker or agent, or using an online service.
http://www.myallagents.com/I-need-Health-coverage-that-starts-before-January-2014/details.html

Markets hoping for a strong & stable government

ET Now: IMF growth projections for India seem fairly upbeaten. Perhaps some would say that is what fueled the rally yesterday in the equity markets. 5.4% for FY14, 6.4% for FY15. What is your stance on these projections?Killol Pandya: I will not really be able to see so far into the future, especially in the context of elections. Our best hope is that we get a strong central government. From that perspective it does not really matter which party comes into power. Of course the markets appeared to be strongly siding with one of the two factions, but from the political sense a strong government at the centre will do us well. 
http://www.myallagents.com/Markets-hoping-for-a-strong-and-stable-government-Killol-Pandya-LIC-Nomura-Mutual-Fund/details.html

Women LIC agents block Kozhikode divisional office

KOZHIKODE: A group of women agents of the Life Insurance Corporation blockaded the Kozhikode divisional office of LIC on Friday. The LIC staff were prevented to go out of the office for lunch by a group of over 100 women agents.
Protesters alleged that the LIC officials had trapped them by giving misleading information.
People, who had invested under the Jeevan Madhur Micro Finance Policy scheme, were not returned their money even after the fixed tenure 
http://www.myallagents.com/Women-LIC-agents-block-Kozhikode-divisional-office/details.html

All insurers may offer digitised policies from July

All life insurance companies may be required to offer insurance policies in a digitised format from July onwards. In a recent meeting with the insurance industry, sources said that Insurance Regulatory and Development Authority (Irda) had asked companies to tie-up with all insurance repositories. At present, several insurers like Life Insurance Corporation of India (LIC ) do not offer the facility of electronic policy since they have not tied-up with any repository.  
http://www.myallagents.com/All-insurers-may-offer-digitised-policies-from-July/details.html  

I-Life Secure Online Plan Launched By Aviva India

Mr. Rishi Piparaiya, Director – Marketing and Banassurance at Aviva India announced the launch of on-line life insurance plan i-life secure. This plan provides for guaranteed income for 15 years post death of the life insured. Adding to the above, he said that this plan ensures that the family of the deceased and their needs are protected, whether it is the child’s school fees, EMI for housing loan or protection of the family by way of regular income.   http://www.myallagents.com/ILife-Secure-Online-Plan-Launched-By-Aviva-India/details.html

CHRISTMAS IS FOR LOVE

Christmas is for love. It is for joy, for giving and sharing, for laughter, for reuniting with family and friends, for tinsel and brightly decorated packages. But mostly, Christmas is for love. I had not believed this until a small elf-like student with wide-eyed innocent eyes and soft rosy cheeks gave me a wondrous gift one Christmas. 

http://www.myallagents.com/CHRISTMAS-IS-FOR-LOVE/details.html 

Bundled insurance products find takers

Customers favour bundled insurance products, which involve selling of two or more products with a life insurance policy, say insurance companies. While insurance companies had not been pushing for such products, officials said customer demand had not come down.
"Though there have been some instances of products being mis-sold, customers still come to us to get information about these. The industry is not completely shutting out these products," said a senior private life insurance executive. 
http://www.myallagents.com/Bundled-insurance-products-find-takers/details.html

Bancassurance norms and products to give insurance industry a new direction

MUMBAI: After two sluggish years, the insurance industry is hoping that 2014 holds out better prospects amid expectations of stronger economic growth in the second half of the current fiscal. New product guidelines and bancassurance norms will also shape how the life insurance industry fares in 2014.  Life insurers will begin the year by launching 500 products aligned to comprehensive new norms aimed at making policies more customer-friendly. For instance, there will be a guaranteed surrender value after five years. There are new rules on the minimum death benefit as well.   http://www.myallagents.com/Bancassurance-norms-and-products-to-give-insurance-industry-a-new-direction/details.html

Insurers struggle to get micro-insurance agents

Micro-insurance or micro agent was a channel in theinsurance industry that was developed for deeper penetration of insurance into India. However, with smaller ticket size coupled with low commissions, this channel has seen low participation from distributors. Micro-insurance products, which offer coverage to low income households is a mechanism to penetrate rural areas. It is a general or life insurance policy with a sum assured of Rs 50,000 or less, however the average ticket size ranges from Rs 2000-4000 per policy.  http://www.myallagents.com/Insurers-struggle-to-get-microinsurance-agents/details.html

Pre-declaring medical rates beneficial for customers

Wouldn't it help if you knew how much your hospitalisationbill would come to before getting admitted? You will know at once whether you can afford treatment in that particular hospital or not. You will also know how much of the treatment cost will be covered under your insurance policy. This can be a reality if insurance companies implement the Bombay High Court’s suggestion that they declare package rates for different ailments and make hospitals fall in line with their rates. The court said this in a hearing earlier this month, in response to a public interest suit which said package rates should be treated as entitlement and need not be dependent on hospital gradation. That is, the court wants insurance companies to offer the same rates for all treatments across hospitals, irrespective of the kind of haospital. 
http://www.myallagents.com/Predeclaring-medical-rates-beneficial-for-customers/details.html

Get your high-end smartphone insured

Smartphones have become a necessity these days, and many of us are buying the high-end ones on equated monthly instalments (EMIs) which allows one to pay for these phones over time. But what if your phone is stolen or damaged ? You will still have to pay the EMIs on your phone. Here’s where an insurance cover on your phone can come to your rescue. Increasing instances of theft and break downs means  you could easily lose expensive items. “It always makes sense to buy an insurance cover when you buy an expensive item,” says Amarnath Ananthanarayanan, chief executive officer (CEO) of Bharti AXA General Insurance.  http://www.myallagents.com/Get-your-highend-smartphone-insured/details.html

One-for-all insurance policy offers no risk cover

How about ordering Bajaj AutoBSE 0.79 % dealers to sell motorcycles manufactured by TVS Motor and Hero MotoCorp so that consumers have a wider choice and more motorcycles are sold in the country? Sounds far-fetched? Something similar is cooking in financial services.    http://www.myallagents.com/Oneforall-insurance-policy-offers-no-risk-cover/details.html

Chola MS launches Android app for health insurance customers

Cholamandalam MS General Insurance Company has announced launch of a mobile application for its health insurance customers, to offer health benefits and access to the network of hospitals offering cashless treatment facility to the customers.
The application, Chola MS Wellness, is made available on Android supported smart phones and it would offer policy details like coverage, sum insured and renewal reminder and details of the hospital network with geo tagging on Google Maps. The application would also offer health tracking features like Pedometer, BMI Calculator and Blood Sugar Tracker.  
http://www.myallagents.com/Chola-MS-launches-Android-app-for-health-insurance-customers/details.html

Cholamandalam MS General Insurance eyes GWP of Rs 1,900 crore in FY14

CHENNAI: Cholamandalam MS General Insurance Company is eyeing gross written premium of Rs 1,900 crore by the end of this fiscal with a focus on retail health and motor insurance, a top official said here today.  The city-based company is a joint venture between Rs 225 billion Murugappa Group and Japan-based Mitsui Sumitomo Group.  "Last year (2012-13) we finished (gross written) premium of Rs 1,621 crore. This year we are expecting to complete by Rs 1,850 or Rs 1,900 crore (GWP)," Cholamandalam MS General Insurance Managing Director S S Gopalarathnam told reporters.   http://www.myallagents.com/Cholamandalam-MS-General-Insurance-eyes-GWP-of-Rs-1900-crore-in-FY14/details.html

Primer: All you wanted to know about e-insurance accounts

IRDA wants all its customers to move to a paperless world. The introduction of insurance repository system (IRS) is one such part of this initiative. An account called e-insuranceaccount will be available for all customers who hold insurance policies. This is similar to demat account which was introduced for eliminating physical storage of stocks or mutual funds.   http://www.myallagents.com/Primer-All-you-wanted-to-know-about-einsurance-accounts/details.html

RBI allows FPIs, NRIs to invest upto 26% in insurance

NEW DELHI: The Reserve Bank today said overseas investors, including FPIs and NRIs, can invest up to 26 per cent in insurance and allied activities through the automatic route. "Effective from February 4, 2014, foreign investment by way of FDI, investment by FIIs/FPIs and NRIs up to 26 per cent under automatic route shall be permitted in insurance sector," RBI said in a circular.   http://www.myallagents.com/RBI-allows-FPIs-NRIs-to-invest-upto-26-in-insurance/details.html