Insurance SamacharInsurance SamacharInsurance Samachar Research Bureau provides services related to information in insurance sector in India. It is located in Mumbai, the commercial city of India. Articles
World's Best Insurance Salesman - [Humour]
2007-10-10 07:15:00 Morris walks into an insurance office and asks for a job."We don't need anyone," he was told."You can't afford not to hire me," Morris said. "I can sell anyone, anytime, anything!""Well, we have two prospects that NO ONE has been able to sell. If you can sell just one, you have a job."He was gone about two hours. He returned and handed them two checks, one for $25,000 and another for $50,000."How in the world did you do that?" they asked."I told you I'm the world's best salesman," Morris said. "I can sell anyone, anywhere, anytime!""Did you get a urine sample?" they asked."What's that?" he asked."Well, if you sell a policy over $20,000, the company requiresa urine sample. Take these two bottles and go back and geturine samples."Morris was gone about six hours, and they were fixing toclose when in he walks in with two five-gallon buckets, one in each hand. He sets the buckets down, reaches in his shirtpocket and produces two bottles of urine. He sets them onthe desk and says, "... More About: Humour , Insurance , Salesman , Esma
World's Best Insurance Salesman - [Humour]
2007-10-10 07:15:00 Morris walks into an insurance office and asks for a job."We don't need anyone," he was told."You can't afford not to hire me," Morris said. "I can sell anyone, anytime, anything!""Well, we have two prospects that NO ONE has been able to sell. If you can sell just one, you have a job."He was gone about two hours. He returned and handed them two checks, one for $25,000 and another for $50,000."How in the world did you do that?" they asked."I told you I'm the world's best salesman," Morris said. "I can sell anyone, anywhere, anytime!""Did you get a urine sample?" they asked."What's that?" he asked."Well, if you sell a policy over $20,000, the company requiresa urine sample. Take these two bottles and go back and geturine samples."Morris was gone about six hours, and they were fixing toclose when in he walks in with two five-gallon buckets, one in each hand. He sets the buckets down, reaches in his shirtpocket and produces two bottles of urine. He sets them onthe desk and says, "... More About: Humour , Insurance
World's Best Insurance Salesman - [Humour]
2007-10-10 07:15:00 Morris walks into an insurance office and asks for a job."We don't need anyone," he was told."You can't afford not to hire me," Morris said. "I can sell anyone, anytime, anything!""Well, we have two prospects that NO ONE has been able to sell. If you can sell just one, you have a job."He was gone about two hours. He returned and handed them two checks, one for $25,000 and another for $50,000."How in the world did you do that?" they asked."I told you I'm the world's best salesman," Morris said. "I can sell anyone, anywhere, anytime!""Did you get a urine sample?" they asked."What's that?" he asked."Well, if you sell a policy over $20,000, the company requiresa urine sample. Take these two bottles and go back and geturine samples."Morris was gone about six hours, and they were fixing toclose when in he walks in with two five-gallon buckets, one in each hand. He sets the buckets down, reaches in his shirtpocket and produces two bottles of urine. He sets them onthe desk and says, "... More About: Humour , Insurance , Salesman
Reliance Life launches "Express Life" a service for instant cover
2007-10-09 18:43:00 CHANDIGARH: Reliance Life Insurance today launched ?Express Life? ? as the name suggests a new service to offer instant life insurance cover upto Rs. 10 lakh, within a processing period of three days.This would do away with the hassles of long waiting period, follow-ups and medical checkups. It is customer friendly service wherein on submission of the duly filled application form, mandatory documents and the requisite premium cheque, customers are assured commencement of life insurance cover in three working days. The letter and the policy kit are handed to the customer over the counter.Customers between the age group of 18 to 45 years and fulfilling the qualification criteria, would be eligible for the insurance plan.The company also issued its first policy under the ?Express Life? initiative to its first customer in Chandigarh today.Speaking on the launch of Express Life, P. Nandagopal, CEO, Reliance Life said, ?This unique process will redefine the way insurance is bought and so... More About: Service , Cover
Reliance Life launches "Express Life" a service for instant cover
2007-10-09 18:43:00 CHANDIGARH: Reliance Life Insurance today launched ?Express Life? ? as the name suggests a new service to offer instant life insurance cover upto Rs. 10 lakh, within a processing period of three days.This would do away with the hassles of long waiting period, follow-ups and medical checkups. It is customer friendly service wherein on submission of the duly filled application form, mandatory documents and the requisite premium cheque, customers are assured commencement of life insurance cover in three working days. The letter and the policy kit are handed to the customer over the counter.Customers between the age group of 18 to 45 years and fulfilling the qualification criteria, would be eligible for the insurance plan.The company also issued its first policy under the ?Express Life? initiative to its first customer in Chandigarh today.Speaking on the launch of Express Life, P. Nandagopal, CEO, Reliance Life said, ?This unique process will redefine the way insurance is bought and so... More About: Service , Cover
Reliance Life launches "Express Life" a service for instant cover
2007-10-09 18:43:00 CHANDIGARH: Reliance Life Insurance today launched ?Express Life? ? as the name suggests a new service to offer instant life insurance cover upto Rs. 10 lakh, within a processing period of three days.This would do away with the hassles of long waiting period, follow-ups and medical checkups. It is customer friendly service wherein on submission of the duly filled application form, mandatory documents and the requisite premium cheque, customers are assured commencement of life insurance cover in three working days. The letter and the policy kit are handed to the customer over the counter.Customers between the age group of 18 to 45 years and fulfilling the qualification criteria, would be eligible for the insurance plan.The company also issued its first policy under the ?Express Life? initiative to its first customer in Chandigarh today.Speaking on the launch of Express Life, P. Nandagopal, CEO, Reliance Life said, ?This unique process will redefine the way insurance is bought and so... More About: Service , Cover
Reliance Life Insurance plans major expansion for its life insurance busine
2007-10-09 18:00:00 Reliance Life Insurance , has major plans to expand its business and stregthen its position in the insurance sector. The company is looking at a investment of Rs 1000-1200 crore in the next couple of years to expand its insurance business. The company has plans to open 400 new branches, for which it has applied to Insurance Regulatory Development Authority (IRDA).?We have already invested Rs 650 crore in the insurance business and plan to infuse fresh capital of Rs 1000-1200 crore to expand our operations.? said P Nandagopal, CEO of Reliance Life Insurance while speaking at the launch of its new service "Express Life" in Chandigarh.The company has a distribution network of over 340 branch offices across India and intends to open 400 more branches. He said, ?We have applied for licences from IRDA for opening 400 new branches across India. About 20 of these branches would be in Punjab and Haryana.?The company is aiming to sell one million policies across the country in this financial y... More About: Plans , Reliance
Reliance Life Insurance plans major expansion for its life insurance busine
2007-10-09 18:00:00 Reliance Life Insurance , has major plans to expand its business and stregthen its position in the insurance sector. The company is looking at a investment of Rs 1000-1200 crore in the next couple of years to expand its insurance business. The company has plans to open 400 new branches, for which it has applied to Insurance Regulatory Development Authority (IRDA).?We have already invested Rs 650 crore in the insurance business and plan to infuse fresh capital of Rs 1000-1200 crore to expand our operations.? said P Nandagopal, CEO of Reliance Life Insurance while speaking at the launch of its new service "Express Life" in Chandigarh.The company has a distribution network of over 340 branch offices across India and intends to open 400 more branches. He said, ?We have applied for licences from IRDA for opening 400 new branches across India. About 20 of these branches would be in Punjab and Haryana.?The company is aiming to sell one million policies across the country in this financial y... More About: Plans , Reliance
Reliance Life Insurance plans major expansion for its life insurance busine
2007-10-09 18:00:00 Reliance Life Insurance , has major plans to expand its business and stregthen its position in the insurance sector. The company is looking at a investment of Rs 1000-1200 crore in the next couple of years to expand its insurance business. The company has plans to open 400 new branches, for which it has applied to Insurance Regulatory Development Authority (IRDA).?We have already invested Rs 650 crore in the insurance business and plan to infuse fresh capital of Rs 1000-1200 crore to expand our operations.? said P Nandagopal, CEO of Reliance Life Insurance while speaking at the launch of its new service "Express Life" in Chandigarh.The company has a distribution network of over 340 branch offices across India and intends to open 400 more branches. He said, ?We have applied for licences from IRDA for opening 400 new branches across India. About 20 of these branches would be in Punjab and Haryana.?The company is aiming to sell one million policies across the country in this financial y... More About: Plans , Reliance
DnB NOR to start Non-Life insurance company, open office in India
2007-10-09 17:00:00 Norway's biggest banking group DnB NOR announced on Tuesday that it would establish a new Non-Life Insurance company by the end of 2008.The company also said in a statement at the beginning of a capital markets day event for investors in London that it would open three new international offices, in Chile, Greece and India .DnB NOR said it had "an ambition to capture a considerable share of the retail non-life insurance market."DnB NOR wishes to offer customers a full range of financial services. The establishment of our own non-life insurance company will enable us to tailor products to the retail segment. We will take advantage of our extensive distribution power to gain a considerable share of this market," says Åsmund Skår, group executive vice president, DnB NOR Retail Banking.Since 1999, DnB NOR has offered its customers non-life insurance through Vital Skade. The current portfolio with NOK 700 million in premium income will be incorporated in the new company."We have extensiv... More About: International , Office
DnB NOR to start Non-Life insurance company, open office in India
2007-10-09 17:00:00 Norway's biggest banking group DnB NOR announced on Tuesday that it would establish a new Non-Life Insurance company by the end of 2008.The company also said in a statement at the beginning of a capital markets day event for investors in London that it would open three new international offices, in Chile, Greece and India .DnB NOR said it had "an ambition to capture a considerable share of the retail non-life insurance market."DnB NOR wishes to offer customers a full range of financial services. The establishment of our own non-life insurance company will enable us to tailor products to the retail segment. We will take advantage of our extensive distribution power to gain a considerable share of this market," says Åsmund Skår, group executive vice president, DnB NOR Retail Banking.Since 1999, DnB NOR has offered its customers non-life insurance through Vital Skade. The current portfolio with NOK 700 million in premium income will be incorporated in the new company."We have extensiv... More About: International , Office
DnB NOR to start Non-Life insurance company, open office in India
2007-10-09 17:00:00 Norway's biggest banking group DnB NOR announced on Tuesday that it would establish a new Non-Life Insurance company by the end of 2008.The company also said in a statement at the beginning of a capital markets day event for investors in London that it would open three new international offices, in Chile, Greece and India .DnB NOR said it had "an ambition to capture a considerable share of the retail non-life insurance market."DnB NOR wishes to offer customers a full range of financial services. The establishment of our own non-life insurance company will enable us to tailor products to the retail segment. We will take advantage of our extensive distribution power to gain a considerable share of this market," says Åsmund Skår, group executive vice president, DnB NOR Retail Banking.Since 1999, DnB NOR has offered its customers non-life insurance through Vital Skade. The current portfolio with NOK 700 million in premium income will be incorporated in the new company."We have extensiv... More About: International , Office
Bank warned for unfair trade practices by selling unsolicited insurance pol
2007-10-09 16:48:00 Anti-trust body MRTPC has issued a stern warning to ICICI Bank for selling insurance policies to its credit card holders without their consent and has asked it to stop the practice.Acting on a complaint filed by one of its credit card and bank account holders to whom the bank sent an ICICI Lombard General policy without consent, MRTPC bench headed by Justice O P Dwivedi passed a cease and desist order and held it as an unfair trade practice to promote its business."The practice of issuing Lombard policy in the name of the complainant without his request or consent would clearly amount to adopting an unfair trade practice by the bank to promote its business," the bench said."Accordingly, we direct the respondent to 'cease and desist' from adopting the same in future," it added.The Commission's direction came on a complaint filed by one Leeladhar Pant, a holder of both credit card and savings account holder of the bank, to whom ICICI sent a group death insurance policy.Later, the b... More About: Selling , Insurance , Trade , Unfair
Bank warned for unfair trade practices by selling unsolicited insurance pol
2007-10-09 16:48:00 Anti-trust body MRTPC has issued a stern warning to ICICI Bank for selling insurance policies to its credit card holders without their consent and has asked it to stop the practice.Acting on a complaint filed by one of its credit card and bank account holders to whom the bank sent an ICICI Lombard General policy without consent, MRTPC bench headed by Justice O P Dwivedi passed a cease and desist order and held it as an unfair trade practice to promote its business."The practice of issuing Lombard policy in the name of the complainant without his request or consent would clearly amount to adopting an unfair trade practice by the bank to promote its business," the bench said."Accordingly, we direct the respondent to 'cease and desist' from adopting the same in future," it added.The Commission's direction came on a complaint filed by one Leeladhar Pant, a holder of both credit card and savings account holder of the bank, to whom ICICI sent a group death insurance policy.Later, the b... More About: Selling , Insurance , Trade , Unfair
Bank warned for unfair trade practices by selling unsolicited insurance pol
2007-10-09 16:48:00 Anti-trust body MRTPC has issued a stern warning to ICICI Bank for selling insurance policies to its credit card holders without their consent and has asked it to stop the practice.Acting on a complaint filed by one of its credit card and bank account holders to whom the bank sent an ICICI Lombard General policy without consent, MRTPC bench headed by Justice O P Dwivedi passed a cease and desist order and held it as an unfair trade practice to promote its business."The practice of issuing Lombard policy in the name of the complainant without his request or consent would clearly amount to adopting an unfair trade practice by the bank to promote its business," the bench said."Accordingly, we direct the respondent to 'cease and desist' from adopting the same in future," it added.The Commission's direction came on a complaint filed by one Leeladhar Pant, a holder of both credit card and savings account holder of the bank, to whom ICICI sent a group death insurance policy.Later, the b... More About: Selling , Insurance , Trade , Unfair
Google SMS services launched in India
2007-10-09 16:06:00 Google announced today the launch of Google SMS? for mobile users in India . This beta offering brings the power of Google? Search to users? fingertips, making information available on the move, without the need of a computer or an Internet-enabled phone.With Google SMS mobile messaging service, users can get business listings, movie showtimes and more simply by sending a text message to the shortcode 54664 [5GOOG] from their mobile phones. This service is currently available on the Airtel, Aircel, BPL, BSNL and Reliance networks, and has relevant local data for mobile users in Bangalore, Delhi, Hyderabad and Mumbai. Carriers' premium text messaging rates apply."There's no denying the importance of text messaging in India, and the launch of Google SMS is a natural next step for our mobile strategy," said Vinay Goel, Head of Products, Google India. "Millions of new mobile users are being added every month, and Google SMS will provide them with a quick and easy way to get the inform... More About: Google , Technology , Services , Launched
Google SMS services launched in India
2007-10-09 16:06:00 Google announced today the launch of Google SMS? for mobile users in India . This beta offering brings the power of Google? Search to users? fingertips, making information available on the move, without the need of a computer or an Internet-enabled phone.With Google SMS mobile messaging service, users can get business listings, movie showtimes and more simply by sending a text message to the shortcode 54664 [5GOOG] from their mobile phones. This service is currently available on the Airtel, Aircel, BPL, BSNL and Reliance networks, and has relevant local data for mobile users in Bangalore, Delhi, Hyderabad and Mumbai. Carriers' premium text messaging rates apply."There's no denying the importance of text messaging in India, and the launch of Google SMS is a natural next step for our mobile strategy," said Vinay Goel, Head of Products, Google India. "Millions of new mobile users are being added every month, and Google SMS will provide them with a quick and easy way to get the inform... More About: Google , Technology , Services , Launched
Google SMS services launched in India
2007-10-09 16:06:00 Google announced today the launch of Google SMS? for mobile users in India . This beta offering brings the power of Google? Search to users? fingertips, making information available on the move, without the need of a computer or an Internet-enabled phone.With Google SMS mobile messaging service, users can get business listings, movie showtimes and more simply by sending a text message to the shortcode 54664 [5GOOG] from their mobile phones. This service is currently available on the Airtel, Aircel, BPL, BSNL and Reliance networks, and has relevant local data for mobile users in Bangalore, Delhi, Hyderabad and Mumbai. Carriers' premium text messaging rates apply."There's no denying the importance of text messaging in India, and the launch of Google SMS is a natural next step for our mobile strategy," said Vinay Goel, Head of Products, Google India. "Millions of new mobile users are being added every month, and Google SMS will provide them with a quick and easy way to get the inform... More About: Google , Technology , Services
Insurance Marketing - Use Your Marketing to Make a Connection with the Righ
2007-10-08 20:04:00 The objective of marketing is getting the attention of people who are interested in learning more about doing business with you. Using also ran marketing techniques that tell the prospect about you and your products is a complete waste of both time and money. If you want to connect with the people you?re marketing to you have to get their attention and provide value.Why do you respond to a marketing message? Whether it?s something you get in the mail, something you hear on the radio or TV, or something someone says to you in person you respond to a marketing message because it got your attention. It got your attention because the message told you something that you thought might be of value to you or for you. Once they had your attention you wanted to know more. Smart marketers provide you with a way to know more.Give your prospects a low risk way to get more information. Have you ever called an 800 number to get a free brochure, or send an email requesting a free guide, or f... More About: Marketing , Insurance , Sales , Connection , Make
Insurance Marketing - Use Your Marketing to Make a Connection with the Righ
2007-10-08 20:04:00 The objective of marketing is getting the attention of people who are interested in learning more about doing business with you. Using also ran marketing techniques that tell the prospect about you and your products is a complete waste of both time and money. If you want to connect with the people you?re marketing to you have to get their attention and provide value.Why do you respond to a marketing message? Whether it?s something you get in the mail, something you hear on the radio or TV, or something someone says to you in person you respond to a marketing message because it got your attention. It got your attention because the message told you something that you thought might be of value to you or for you. Once they had your attention you wanted to know more. Smart marketers provide you with a way to know more.Give your prospects a low risk way to get more information. Have you ever called an 800 number to get a free brochure, or send an email requesting a free guide, or f... More About: Marketing , Insurance , Sales , Connection , Make
Insurance Marketing - Use Your Marketing to Make a Connection with the Righ
2007-10-08 20:04:00 The objective of marketing is getting the attention of people who are interested in learning more about doing business with you. Using also ran marketing techniques that tell the prospect about you and your products is a complete waste of both time and money. If you want to connect with the people you?re marketing to you have to get their attention and provide value.Why do you respond to a marketing message? Whether it?s something you get in the mail, something you hear on the radio or TV, or something someone says to you in person you respond to a marketing message because it got your attention. It got your attention because the message told you something that you thought might be of value to you or for you. Once they had your attention you wanted to know more. Smart marketers provide you with a way to know more.Give your prospects a low risk way to get more information. Have you ever called an 800 number to get a free brochure, or send an email requesting a free guide, or f... More About: Marketing , Insurance , Sales , Connection , Make
ING Vysya Life receives additional capital infusion. Paid up capital increa
2007-10-08 19:33:00 ING Vysya Life today announced a capital infusion of an additional Rs. 25 crores, which increases the paid up capital to Rs. 790 crores. ING Vysya Life had entered the private life insurance industry in India in September 2000, and has sucessfully established itself in the insurance market with a pan India presence. To support its business expansion, the promoters of ING Vysya Life have further plans to infuse capital of Rs. 550 crores in the near future which will eventually raise the total paid up capital to Rs. 1,340 crores.The company recently launched ING Positive Life, a Unit Linked Saving Solution, in line with the market trends and has received good success. The company currently has twenty one life insurance products including eight Unit Linked products, which are available through its diversified distribution platform. More About: Insurance , Paid , Infusion , Capital
ING Vysya Life receives additional capital infusion. Paid up capital increa
2007-10-08 19:33:00 ING Vysya Life today announced a capital infusion of an additional Rs. 25 crores, which increases the paid up capital to Rs. 790 crores. ING Vysya Life had entered the private life insurance industry in India in September 2000, and has sucessfully established itself in the insurance market with a pan India presence. To support its business expansion, the promoters of ING Vysya Life have further plans to infuse capital of Rs. 550 crores in the near future which will eventually raise the total paid up capital to Rs. 1,340 crores.The company recently launched ING Positive Life, a Unit Linked Saving Solution, in line with the market trends and has received good success. The company currently has twenty one life insurance products including eight Unit Linked products, which are available through its diversified distribution platform. More About: Insurance , Paid
ING Vysya Life receives additional capital infusion. Paid up capital increa
2007-10-08 19:33:00 ING Vysya Life today announced a capital infusion of an additional Rs. 25 crores, which increases the paid up capital to Rs. 790 crores. ING Vysya Life had entered the private life insurance industry in India in September 2000, and has sucessfully established itself in the insurance market with a pan India presence. To support its business expansion, the promoters of ING Vysya Life have further plans to infuse capital of Rs. 550 crores in the near future which will eventually raise the total paid up capital to Rs. 1,340 crores.The company recently launched ING Positive Life, a Unit Linked Saving Solution, in line with the market trends and has received good success. The company currently has twenty one life insurance products including eight Unit Linked products, which are available through its diversified distribution platform. More About: Insurance , Paid , Infusion , Capital
Microsoft unveils Web-based health portal
2007-10-08 16:04:00 Microsoft has launched a free, ad-supported Web-based health portal called Health Vault, a resource that allows people to upload their medical records online and share their information with doctors.It is reported that other companies, such as Google and Steve Case's Revolution Health, as well as the federal government (USA) have been working on similar projects.Although some are concerned that such sites could make users sensitive to hackers, Microsoft says it has consulted with experts to ensure that HealthVault will keep personal information private.While it is estimated that such an electronic medical-record network would save more than $500 billion in medical costs over 15 years, it is reported that doctors are slow to adopt technology that has been around for more than a decade. Source: ProWEB Wire More About: Technology , Microsoft , Health Insurance , Portal
Microsoft unveils Web-based health portal
2007-10-08 16:04:00 Microsoft has launched a free, ad-supported Web-based health portal called Health Vault, a resource that allows people to upload their medical records online and share their information with doctors.It is reported that other companies, such as Google and Steve Case's Revolution Health, as well as the federal government (USA) have been working on similar projects.Although some are concerned that such sites could make users sensitive to hackers, Microsoft says it has consulted with experts to ensure that HealthVault will keep personal information private.While it is estimated that such an electronic medical-record network would save more than $500 billion in medical costs over 15 years, it is reported that doctors are slow to adopt technology that has been around for more than a decade. Source: ProWEB Wire More About: Technology , Microsoft , Health Insurance , Portal
Microsoft unveils Web-based health portal
2007-10-08 16:04:00 Microsoft has launched a free, ad-supported Web-based health portal called Health Vault, a resource that allows people to upload their medical records online and share their information with doctors.It is reported that other companies, such as Google and Steve Case's Revolution Health, as well as the federal government (USA) have been working on similar projects.Although some are concerned that such sites could make users sensitive to hackers, Microsoft says it has consulted with experts to ensure that HealthVault will keep personal information private.While it is estimated that such an electronic medical-record network would save more than $500 billion in medical costs over 15 years, it is reported that doctors are slow to adopt technology that has been around for more than a decade. Source: ProWEB Wire More About: Technology , Microsoft , Health Insurance , Portal
General Insurance Council will review Health Insurance norms
2007-10-08 08:24:00 General Insurance Council, the forum of all general insurers under IRDA is working to review the health insurance norms followed by Insurance companies, said B D Banerjee, former CMD of Oriental Insurance company and National Insurance Company, and a member of committee for senior citizens insurance at IRDA.He was speaking at a seminar organised by the Bengal Chamber of Commerce and Industry.Various points would come under the review including indiscriminate non-disclosure fees charged, guidelines for conducting medical tests, and pre-existing illness definition for medical claims.Speaking on the occasion Suresh Mathur, joint director of IRDA, said that ambiguous policy terms had to be avoided for making the business more transparent. Also, health insurance has to be promoted to ensure proper coverage of the weaker sections of the society and senior citizens.Bannerjee, further added, In case a person has any symptoms of a disease, the entry load should be increased to adjust the cos... More About: Health , General , Review , Health Insurance
General Insurance Council will review Health Insurance norms
2007-10-08 08:24:00 General Insurance Council, the forum of all general insurers under IRDA is working to review the health insurance norms followed by Insurance companies, said B D Banerjee, former CMD of Oriental Insurance company and National Insurance Company, and a member of committee for senior citizens insurance at IRDA.He was speaking at a seminar organised by the Bengal Chamber of Commerce and Industry.Various points would come under the review including indiscriminate non-disclosure fees charged, guidelines for conducting medical tests, and pre-existing illness definition for medical claims.Speaking on the occasion Suresh Mathur, joint director of IRDA, said that ambiguous policy terms had to be avoided for making the business more transparent. Also, health insurance has to be promoted to ensure proper coverage of the weaker sections of the society and senior citizens.Bannerjee, further added, In case a person has any symptoms of a disease, the entry load should be increased to adjust the cos... More About: Health , General , Review , Health Insurance
General Insurance Council will review Health Insurance norms
More articles from this author:2007-10-08 08:24:00 General Insurance Council, the forum of all general insurers under IRDA is working to review the health insurance norms followed by Insurance companies, said B D Banerjee, former CMD of Oriental Insurance company and National Insurance Company, and a member of committee for senior citizens insurance at IRDA.He was speaking at a seminar organised by the Bengal Chamber of Commerce and Industry.Various points would come under the review including indiscriminate non-disclosure fees charged, guidelines for conducting medical tests, and pre-existing illness definition for medical claims.Speaking on the occasion Suresh Mathur, joint director of IRDA, said that ambiguous policy terms had to be avoided for making the business more transparent. Also, health insurance has to be promoted to ensure proper coverage of the weaker sections of the society and senior citizens.Bannerjee, further added, In case a person has any symptoms of a disease, the entry load should be increased to adjust the cos... More About: Health , General , Review , Health Insurance 1, 2, 3, 4 |
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