October - November 2010
Issue 02
News Letter
Issued by Insurance Foundation of India
 
  Insurance Foundation of India (IFI) is set up under Trust Registration Act. 1882 of Government of India and is a non profit making organization.  
 
MANAGEMENT DEVELOPMENT       PROGRAMME
 
5 days Programme to be conducted by Prof. Howard J. Bolnick on “Insurance Market Behavior & Health Insurance in Mumbai” (Source: www.ifingo.org)

During November 2009 First 5 days Programme on “Insurance Market Behavior & Health Insurance “was conducted in New Delhi. This was highly appreciated by participants from Reinsurance Companies / Insurance Companies / Health Insurance companies /Insurance Brokerage Firms / HR consulting firms specializing in employee’s benefits............
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MARKET DEVELOPMENT
 
India’s health cover plan attracts world bank (Source: Economics Times- Oct 15, 2010)

India’s ambitious public health insurance scheme covering 19 million poor families is now going global, after the World Bank recommended it for the rest of the world. After the multilateral development institution flagged it as...........
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Oriental insurance may take a hit on expelled CWG officials’ claim (Source: Business Standard- Oct 14, 2010)

Oriental Insurance Company may have to cough up around `5 crore under the Directors’ and Officers’ (D&O) liability policy following a claim by expelled Commonwealth Games (CWG) official, Mr. M Jayachandran.............
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Non life business now enters growth phase (Source: Economic Times- Oct 12, 2010)

After playing second fiddle to the life insurance industry for several years, the non-life business has roared back into growth mode.In the first six months of the current fiscal, the industry has recorded 23% growth.............
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United India eyes premium income of `6000 crore (Source:The Financial Express- Oct 12, 2010)

United India Insurance is targeting a premium income of `6000 crore in 2010-11, as against `5000 crore achieved in 2009-10. The company has also filed for two new products relating to motor and health insurance space...
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IPO guidelines for insurers soon: IRDA (Source: The Financial Express- Oct 12, 2010)

IRDA has said that the guidelines for insurance companies to tap the capital market for funds were awaiting SEBI nod and would be out soon. “IPO guidelines for insurance companies will be out soon..
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L &T insurance targets `1000 cr premium in 5 yrs (Source: Business Standard- Oct 12, 2010)

L&T General Insurance Company Limited has set a premium collection target of `1000 crore over the next five years. The latest entrant into the country’s general insurance sector...
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Court setback for IRDA in dispute over broker willis (Source: Hindustan Times- Oct 29, 2010)

In a setback to the Insurance Regulatory and Development Authority (IRDA), the Bombay High Court has passed an order, asking the regulator to set up a two-member committee..
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Health cover may include ayurveda, unani, siddha (Source: Economic Times- Oct 29, 2010)

A PANEL formed by the insurance council will probably recommend that domestic healthcare systems such as ayurveda, unani and siddha should...
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LIFE INSURANCE
 
Life insurers ask IRDA not to cap charges on ULPs (Source: Business Standard- Oct 14, 2010)

Life insurance companies have asked IRDA not to cap charges on Universal Life Policies (ULPs). ULPs are a combination of ULIPs and traditional products. So far, there is no.........
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Metlife launches online insurance product (Source: Financial Express- Oct 13, 2010)

MetLife India Insurance has launched a term insurance product Met Protect, the first such life cover plan by the company to be available online. Met Protect would allow customers within..........
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  Regulatory Rulings  
 
Irda bans universal life insurance plans (Source: Economic Times- Oct 22, 2010)

The Insurance Regulatory and Development Authority (Irda) has announced ban on all universal life insurance plans (ULPs). The regulator has told insurance companies.........
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  Bimacartoons for You  
 
Insurance Foundation of India (IFI) is set up under Trust Registration Act. 1882 of Government of India and is a non profit making organization. The main objective of IFI is to promote awareness of insurance in India among the masses through education and publishing of books in Hindi, regional, and vernacular languages. .........
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  Announcements  
 
‘Project Report Awards - 2011’-
Insurance Foundation of India (IFI) aims to encourage students to undertake Insurance Industry oriented projects through this competition. This is facilitated with a view to broaden the analytical knowledge of students aiming for a successful career in Financial Services /Insurance industry......
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  Benefits to Our Members  
  • An opportunity to attend short term training programme in various parts of India
  • Support to spread and start insurance education in your community/state through colleges and schools
  • Insurance material to educate your family and communityabout insurance/risk management
  • Attend programme/workshops in India/abroad as part of IFI delegation
  • Get Health Insurance Policy with better terms and that too at an attractive premium
  • Get Overseas Travel Insurance Policy with better terms and that too at an attractive premium
  • Avail advice from our Claims Department on logging of claims, taking up the claim matter with Insurance Ombudsman, Consumer Forum
  • IFI is a corporate member of Indigo Airlines , a no frills airlines. Employees/members are eligible for benefits like no cancellation charge, snacke are provided free of cost. You can save your money.
 
  Membership  
  Membership Form: Download Membership Form  
  Membership Details: View membership Details  
  If you would like to include any document in this section, please contact us.

 
 
 
     
  Resources  
  Useful Website: Health Insurance India  
  Great website with all details you wished to know about health insurance in India. http://www.healthinsuranceindia.org.

 
 
 
     
 
  Feedback and suggestions are welcomed. Please send mail to: vp@ifingo.org

Insurance Foundation of India (IFI) is set up under Trust Registration Act. 1882 of Government of India and is a non profit making organization. The main objective of IFI is to promote awareness of insurance in India among the masses through education and publishing of books in Hindi, regional, and vernacular languages.

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Insurance Foundation of India, Om Plaza (1st Floor), 430/7, Sant Nagar, East of Kailash, New Delhi-110065 (INDIA)
Phone : +91 11 46581577 | Email : vp@ifingo.org | Website : www.ifingo.org