In present time Indian economy is booming and do inflation!! the inflation rate has risen to 11%. but, economy is growing at the rate of 9%, many companies are coming to India with growth and development plans that include BPOs, KPOs, IT companies and insurance companies. In earlier days there were only 4 nationalised insurance companies in India they are -
1) New India Assurance
2) United India Insurance
3) National Insurance
4) Oriental Insurance
Due to economic growth and ammended laws by IRDA (Insurance Regulatory Development Authority) a lot of foreign insurance companies has entered into Indian market. This
result in joint venture and today there are around 20 insurers in India. Earlier the insurance premiums was same from all the insurers but, now prices may vary as per IRDA new policies. The insurance market has been detariffed in India.
Nobody know what mysteries are the in future but, it is for sure that one have to think alot while taking insurance for him/her or for loved ones. There are lot of choices, every company is advertising, branding their products. But baseline is that everyone wants security and maximum benefits at the time of need.
Friday, September 19, 2008
Thursday, September 11, 2008
Insurance Portals in India
Everybody thinks for more, wants to have big house, big car. But, buying house and car is one time effort and lot of support is given by banks and financial institutes. One have to return money in affordable EMI's. The most important thing comes in mind is how to secure these assets after purchased? The one and only solution is insuring these through insurance companies. If some mishap and uncertainity happens then through claim process libility can be reduced to certain extent.
There are lot of general insurance companies in India, both Government and private. One can choose insurance of any coimpany on his/her suitability. The same insurance companies further have distributors which are know as insurance agents and insurance brokers. Now question comes in mind what is the difference between agent and broker,
An agent is company's representative, and can sell insurance of that company. But, broker have broader insurance market, they are professional advisors who are not representative of any company but, represent a customer seeking to purchase insurance. They offer best insurance by comparing all the insurers on the information supplied by customer.
As in western and European contries insurance premium price vary of each company from another. The same trend has reached in India, one can save money on insurance premiums. Lot of companies do have started premium quote comparison service, so the customer can know which company is charging how much, why, what are the services etc. Customers can find lower premiums on insurance portals, as same happens in travel industry. There are lot of online insurance brokers who are showing quote comparison facility, some of them are PolicyBazaar.com, insurancemall.in, insurancepandit.com, click2insure.in
For your next premium, i will recommend to browse above insurance portal, know the difference and save money.
There are lot of general insurance companies in India, both Government and private. One can choose insurance of any coimpany on his/her suitability. The same insurance companies further have distributors which are know as insurance agents and insurance brokers. Now question comes in mind what is the difference between agent and broker,
An agent is company's representative, and can sell insurance of that company. But, broker have broader insurance market, they are professional advisors who are not representative of any company but, represent a customer seeking to purchase insurance. They offer best insurance by comparing all the insurers on the information supplied by customer.
As in western and European contries insurance premium price vary of each company from another. The same trend has reached in India, one can save money on insurance premiums. Lot of companies do have started premium quote comparison service, so the customer can know which company is charging how much, why, what are the services etc. Customers can find lower premiums on insurance portals, as same happens in travel industry. There are lot of online insurance brokers who are showing quote comparison facility, some of them are PolicyBazaar.com, insurancemall.in, insurancepandit.com, click2insure.in
For your next premium, i will recommend to browse above insurance portal, know the difference and save money.
Monday, July 28, 2008
ICICI targeting 20% market share in motor insurance
ICICI Lombard the leading insurance company in India is targeting to cover 20% share in motor insurance sector. Currently it is holding only 12% and targeting 20% by year 2010. Statement from Head motor insurance, ICICI Lombard.
He also told that in India, New India Insurance is the only company who is having major share is approx 35%, and the insurance industry is growing at the rate of 20% per year. for more click here.
Source: http://www.business-standard.com
He also told that in India, New India Insurance is the only company who is having major share is approx 35%, and the insurance industry is growing at the rate of 20% per year. for more click here.
Source: http://www.business-standard.com
Wednesday, July 9, 2008
LOMA Selects CSC to Conduct Insurance Industry Exams in India
What is LOMA?
# -> LOMA is an international association through which various international insurance and financial companies engaged in research activities. They work round the world for their partners to enhance, manage, and improve the quality through skilled employees.
They offer services in :
1) technology
2) insurance operations
3) customer service
4) human resources
5) education and employee development
6) financial and strategic management
7) compliance management
8) international operations
source: About LOMA.
Now this international association LOMa has joined hands with CSC and hasdecided that CSC will conduct insurance exam in India at selected centers. For detail please click here
Logos:
# -> LOMA is an international association through which various international insurance and financial companies engaged in research activities. They work round the world for their partners to enhance, manage, and improve the quality through skilled employees.
They offer services in :
1) technology
2) insurance operations
3) customer service
4) human resources
5) education and employee development
6) financial and strategic management
7) compliance management
8) international operations
source: About LOMA.
Now this international association LOMa has joined hands with CSC and hasdecided that CSC will conduct insurance exam in India at selected centers. For detail please click here
Logos:
Tuesday, July 1, 2008
New Insurance Comparison Website: Launched Today
Today I found that the much awaited insurance comparison website PolicyBazaar.com has launched their website with health insurance product. They are presenting premiums and quote comparison facility in a best way. Apart from this they are providing facility like email quotes so, one can proceed in future with that step or form. The user don't have to fill the forms again, they can easily continue with that point where they have left or emailed.
They is very unique & new functionality i found in this website. This functionality is not present in other Insurance comparison website in India.
PolicyBazaar.com Logo:
They is very unique & new functionality i found in this website. This functionality is not present in other Insurance comparison website in India.
PolicyBazaar.com Logo:
DLF Pramerica - New venture in insurance sector
DLF and Prudential Financial are launching life insurance company with the name DPLI (DLF Pramerica Life Insurance Co Ltd.), One is big Indian real estate giant and other is US based big financial company. It has already approved by IRDA (Insurance Regulatory Authority of India)to do insurance business in India. As per the various news channel they are planning to start business by September this year (2008).
Sunday, June 29, 2008
highest insurance cover
Insurance Comparison websites in India
Indian insurance sector is booming and lot of foreign insurance companies have entered in Indian market with joint venture. Some of them like: Tata AIG, Bajaj Allianz, ICICI Prudential, Apollo DKV, Future Generali etc.., They have their own customised quotes and premium. Think if you have to take an insurance policy you will be confused by thinking questions like:
1) Which company is Best? either Government company (like The New India Assurance) or
Private company?
2) Whose policy will give me best and optimum benefits?
3) Which will offer me lowest premium?
4) Which have fast claim solving center?
5) Which is offering customer services? and lot more questions.. will take each one by
one.
But, to check various insurance providers quotes for different products like for car, health, travel, home, accident and life you should browse below websites. They provide unbiased comparison and detail of policy. They also have customer care center which can solve your queries:
Insurance comparison websites:
1) click2insure.com
2) Insurancemall.in
3) Insurancepandit.com
4) Policybazaar.com (upcoming....)
1) Which company is Best? either Government company (like The New India Assurance) or
Private company?
2) Whose policy will give me best and optimum benefits?
3) Which will offer me lowest premium?
4) Which have fast claim solving center?
5) Which is offering customer services? and lot more questions.. will take each one by
one.
But, to check various insurance providers quotes for different products like for car, health, travel, home, accident and life you should browse below websites. They provide unbiased comparison and detail of policy. They also have customer care center which can solve your queries:
Insurance comparison websites:
1) click2insure.com
2) Insurancemall.in
3) Insurancepandit.com
4) Policybazaar.com (upcoming....)
India : New IRDA chief for thrust on rural, health insurance
Developing an enabling environment for the growth of rural and health insurance tops the agenda of Mr J. Hari Narayana, new Chairman of Insurance Regulatory and Development Authority (IRDA).
“While protection of policy-holders’ interest is paramount to the regulator always, we will also ensure the spread of insurance in rural and health sectors. There is lot of potential in these sectors,” Mr Hari Narayana told Business Line after taking over as the third chairman of IRDA here on Thursday.
The regulator would be happy as long as the prescribed rural and social obligations are met by the companies, he said, adding that the current scenario was satisfactory in that regard.
Various ways and means would be “carefully examined” to ensure the health and penetration of health insurance, the chairman said. “There are some high-level panels which examined various aspects on health insurance and we will take appropriate steps shortly,” he said.
Personally, he felt that one should take health insurance at a younger age itself.
Observing that the growth of insurance industry was “very good” at 13 per cent last year at over Rs 75,000 crore, he said the growth could be 18 per cent this year.
On the significant share of Unit Linked Insurance Plans (ULIPs) in insurance industry and their dependence on a volatile financial market, Mr Hari Narayana said, “There is nothing to worry as Indian investors (holders of insurance policies) are very mature. We will monitor the situation while promoting transparency.”
Source: Business Line
“While protection of policy-holders’ interest is paramount to the regulator always, we will also ensure the spread of insurance in rural and health sectors. There is lot of potential in these sectors,” Mr Hari Narayana told Business Line after taking over as the third chairman of IRDA here on Thursday.
The regulator would be happy as long as the prescribed rural and social obligations are met by the companies, he said, adding that the current scenario was satisfactory in that regard.
Various ways and means would be “carefully examined” to ensure the health and penetration of health insurance, the chairman said. “There are some high-level panels which examined various aspects on health insurance and we will take appropriate steps shortly,” he said.
Personally, he felt that one should take health insurance at a younger age itself.
Observing that the growth of insurance industry was “very good” at 13 per cent last year at over Rs 75,000 crore, he said the growth could be 18 per cent this year.
On the significant share of Unit Linked Insurance Plans (ULIPs) in insurance industry and their dependence on a volatile financial market, Mr Hari Narayana said, “There is nothing to worry as Indian investors (holders of insurance policies) are very mature. We will monitor the situation while promoting transparency.”
Source: Business Line
Friday, February 15, 2008
New look First Europa
Today i found that First Europa has revamped their homepage. So i thought to shaire this with you all. I have also used screen shot of that page.
Tuesday, January 29, 2008
Independer websites
I have seen that independer is having two different websites for Insurance
Both the website have same offers and text.
Sunday, January 20, 2008
Autoverzekering met GPS
It's car insurance renewal time in Netherlands. Lots of offers are offered with car insurance by various online insurance companies and brokers. Today we will talk about GPS offer. First Europa - an online insurance brokerage company is offering navigation system (GPS) with Car insurance.
For more detail on (Autoverzekering met GPS) you can look at: http://www.firsteuropa.nl
Saturday, January 5, 2008
Poll Result
The poll which we started last week is over. And we got tie results between two Autoverzekering (Car Insurance) sites . They are named below:
Hence, as per the poll both website are liked by the Dutch People. In Nederland there are lots of insurance quote comparison websites. These are two liked by the peoples.
Independer is present only in Nederland . On the other hand First Europa is present in Nederland and other Pan-European countries too. These countries are Germany, France, Spain, Italy.
Hence, as per the poll both website are liked by the Dutch People. In Nederland there are lots of insurance quote comparison websites. These are two liked by the peoples.
Independer is present only in Nederland . On the other hand First Europa is present in Nederland and other Pan-European countries too. These countries are Germany, France, Spain, Italy.
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