In April 2007, Indian General insurance business was taken off the tariff, the price list for many types of General insurance which had been statutory for decades. Some tariffs were very high – for Fire insurance – for example. Others were too low – like Motor insurance, especially Motor Third Party Liability. This led to [...]

Mr M Ramadoss, the outspoken Chairman-cum-Managing Director of The New India Assurance Company, has worked out a strategy to use individual agents to the maximum to achieve his plans for the company. Agents are the most cost effective distribution method, he says in this interview with K Nitya Kalyani, and he is putting things in place for New India to nurture and celebrate its agents, unlike in the past.