Four years ago, the Indian General insurance industry was on the brink of a huge change that is affecting them in many ways yet. Detariffing, or removal of price controls on various classes of General insurance business, was brought in from January 1, 2007. Each company was free to quote its own premium rates for [...]

‘LIC should aim for 2 % of GDP’: Pranab Mukherjee
Competition in the Life insurance industry has intensified and there is a sense of global benchmarking, Mr Pranab Mukherjee, Union Minister of Finance said, calling upon Life Insurance Corporation of India (LIC) to grow its premium income to 2 per cent of the country’s gross domestic product (GDP) from the present 1.84 per cent.

For a long time insurance customers have been asking for policies withboth Life and Non-Life cover.
In August, Star Health and Allied Insurance Company and Shriram Life Insurance Company came together to launch what are called combiproducts.

Rs 90 crore Dividend!
Union Minister for Finance, Mr Pranab Mukherjee, was given a dividend cheque of The New India Assurance Company Limited for Rs 90 crore for the financial year 2009-10 by Mr M Ramadoss, Chairman-cum-Managing Director, New India.

United India Premium Grows 22% United India Insurance Company Limited, (UIIC) the Chennai headquartered public sector General insurance company has finished the financial year 2009-10 with a gross premium of Rs 5,239.05 crore, up 22.4 per cent from the Rs 4,277.77 crores collected in the year 2008-09. Announcing the financial results of the company at [...]

Motivation Make Your Team Love their Jobs! D Rachel Chitra Why does one salesperson see his first prospect at seven in the morning and another one is just getting out of bed at eleven? After a lecture for 1,000 persons, one walks out and says, “I’m going to change my life.” Another walks out with [...]