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Agents could be trained and be part of a common pool for the industry
Flexible work timings, stock options, a share in profits and a better work-life balance are being offered to compensate for lower salaries
Telematics is a Western concept that was introduced to understand the usage of the car including the speed at which it is being driven
LIC, saw a drop in premiums, on the back of having lesser number of products than what they had in the previous fiscal
But high capital requirement may dissuade new entrants
Insurance companies also say that as the instruments are a mix of debt and equity, they are not comfortable investing in them
The company has recruited 55 graduates from the Indian Institutes of Technology, Birla Institute of Technology and Science and the Indian School of Business
Interview with CEO & MD, Star Union Daiichi Life Insurance
Not even 10% of all policies in the industry have been digitised, due to resistance from both, industry players and customers
SAIL, GIC Housing Finance defer bond issuances amid rising yields
Plan offers protection solution including built-in double coverage for accidental death
Say their first impression about someone is based on their online profile picture, second highest globally after China
The plans have a cover of Rs 2 lakh each, with a premium of only Rs 12 a year for accident insurance and Rs 330 for the life product
Less than 20% of Indian farmers are insured, vast majority is exposed to vagaries of weather, forcing them to taking extreme steps
Only state-owned general insurers will run the scheme
Currently, India doesn't have a single cover for all catastrophic incidents
While 49% FDI has been allowed in the insurance sector, there are several issues that still concern Indian companies and their foreign partners
While the proposal to have a pool was presented to National Disaster Management Authority, pricing and structure remain key issues
Irdai has asked insurers to handle policyholder grievances with seriousness, promptness and empathy to enhance the trust and confidence in the insurance sector
Bank will provide services for unique investment needs of Indian diaspora in the Gulf city