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

SKDRDP tops in small ticket LIC policy numbers

MANGALORE: Dharmasthala-based Shri Kshethra Dharmasthala Rural Development Project (SKDRDP), the brainchild of D Veerendra Heggade, has become the leader in implementing Jeevan Madhur LIC scheme by insuring 9.1 lakh poor persons since 2008. As a corporate agent of LIC, SKDRDP stands first in the country with respect to number of policies and the first premium paid in this small ticket policy. Y Vishwanath Gowd, senior divisional manager, LIC OF India, divisional office, Udupi, said SKDRDP with this mission has covered insurance of 9.1 lakh policies with more than Rs100 crore first premium.   http://www.myallagents.com/SKDRDP-tops-in-small-ticket-LIC-policy-numbers/details.html

Is it time to upgrade your life cover? Know what's best for you

Thanks to the growing awareness about the importance of life insurance cover, many individuals, especially the young executive types, buy a term life insurance as soon as they start their career. However, the trouble is: typically these covers would be very small, mostly Rs 10 lakh or below , say insurance advisors. This would inevitably lead to some complications in future. When the person gets married, have kids or takes a huge loan, he or she would need a larger cover. However, buying a cover at that time may not be an easy task.  
http://www.myallagents.com/Is-it-time-to-upgrade-your-life-cover-Know-whats-best-for-you/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

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

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

LIC buys 4.66% stake in BHEL for Rs 1,889 crore

NEW DELHI: Life Insurance Corporation has bought sharesworth Rs 1,889 crore, about 4.66 per cent stake, in state-owned power equipment maker BHEL through an openmarket transaction LIC has purchased 11.41 crore shares in BHEL at a price of Rs 165.55 apiece through a block deal on the BSEThe Empowered Group of Ministers, headed by Finance Minister P Chidambaram, last week decided the timing and mode of disinvestment in BHEL.  http://www.myallagents.com/LIC-buys-466-stake-in-BHEL-for-Rs-1889-crore/details.html

IPL 2014 Seeking A 1100 Crore Insurance Cover

Indian Premier League (IPL), the Indian Professional league which has popularized T20 cricket – the shortest form of professional cricket is back with a bang. The Board of Control for Cricket in India (BCCI) which is the organizing body of the Indian Premier League (IPL) is planning for an insurance cover of Rs 1,100 crore for the 2014 tournament. IPL is the most-watched Twenty20 cricket league in the world. It is generally considered to be the highest-profile showcase in the world for Twenty20 club cricket. During the sixth IPL season (2013) its brand value was estimated to be around US$3.03 billion. IPL 4th season (2011) was insured for an amount of Rs.750 crore and the IPL-7 is all set to get bumper coverage.   http://www.myallagents.com/IPL-2014-Seeking-A-1100-Crore-Insurance-Cover/details.html