HNI To Be Benefitted With Additional Services From Insurance Companies

Alike banks, who gives priority banking to its preferred customers, insurance companies have also come out with the plan to provide specialized services to its High Net Worth Individual (HNI) customers. This plan comes under two categories viz: gold and silver. Under this, in addition to giving of personal advices and services to its customers, insurance companies will also give specialized products to these individuals. However this facility is available if a customer’s renews the policy without any break. 
http://www.myallagents.com/HNI-To-Be-Benefitted-With-Additional-Services-From-Insurance-Companies/details

How four women mutual fund managers are defying odds & breaking through

There are 52 mutual funds, and another 51 life and non-life insurance companies, registered in India. Both sets generate dozens of investment products for the Indian market and manage thousands of crores. Men manage most of these products.  .http://www.myallagents.com/How-four-women-mutual-fund-managers-are-defying-odds-and-breaking-through/details.html

With the Reserve Bank of India (RBI)’s steps to arrest the slide of the rupee leading to tight liquidity conditions, the retail investor is once again being drawn to short-term bank fixed deposits (tenures of less than a year). In the past few weeks, lenders such as HDFC Bank and YES Bank have raised interest rates on select maturities and it is expected others would follow in the near future.

With the Reserve Bank of India (RBI)’s steps to arrest the slide of the rupee leading to tight liquidity conditions, the retail investor is once again being drawn to short-term bank fixed deposits (tenures of less than a year). In the past few weeks, lenders such as HDFC Bank and YES Bank have raised interest rates on select maturities and it is expected others would follow in the near future.    http://www.myallagents.com/Liquidity-squeeze-Shortterm-fixed-deposits-draw-investors/details.htm

Even top guns fall victim to dubious insurance policies

If you thought you are among the few financially ill-informed, who is being sold insurance policies or mutual funds with dubious sales pitches, you can take heart from the fact that even some of the top guns at the finance ministry have also fallen victim to such practices, at least before they walked into the North Block.  
http://www.myallagents.com/Even-top-guns-fall-victim-to-dubious-insurance-policies/details.html

Regulatory intervention, high inflation cripple insurance industry

The agent count at Reliance Life Insurance has fallen 26,000, or 8% to 1.24 lakh at the end of March 31, 2013 since 2012 when it sold a 26% stake to Nippon Life which valued the company at three times its embedded value. In January this year, INGGroup of the Netherlands sold 26% stake at a 25% loss to its JV partner ExideBSE 1.28 %after a decade-long battle trying to make sense out of the Indian Life Insurance marke That simply is the tale of sliding fortunes of the Indian life insurance industry which until a few years ago was considered to be a sunrise industry promising decades of uninterrupted growth and loads of profits for shareholders  http://www.myallagents.com/Regulatory-intervention-high-inflation-cripple-insurance-industry/details.html

Complaints Against Insurance Companies On A Rise

The Central system of Insurance Regulatory and Development Authority that keeps the data of complaints of policy holders against all the insurance companies, for the year ending March 2013, posted a figure of 3.41 lakhs complaints against the life insurance companies. Majority of these complaints were against insurance giant Life Insurance Corporation of India, Birla Sunlife and Bajaj Allianz and were related to issue like unfair business practice, alleged mis-selling by insurance companies etc.   Further the complaint cell stated that most of the complaints (more than 30%) pertained to unfair business practice. Of the total 3.41 lakhs complaints, 168,482 complaints were of unfair trade practices  http://www.myallagents.com/Complaints-Against-Insurance-Companies-On-A-Rise/details.html

Bajaj Allianz Expects General Insurance Business To Increase 5 Folds In Next 5 Years

Inspite on economic crisis, delay in increase of FDI to 49%, Bajaj Allianz, which is a joint venture between Bajaj Finserve Limited and Allianz SE, expects its company to grow at 20% in next five years. At present the company is growing at 6 - 7%. The company is planning its expansion in the rural areas of the country.

Justifying the expansion and increased growth, Mr. Tapan Singhel – Managing Director and Chief Executive Officer of the company said that business in rural area is vibrant with car sales and FMCG products are on a rise.  Rural areas will be a key factor in attaining growth of a general insurance company. In addition to the above, he added that, insurance penetration being very low in rural areas, will also throw up a huge opportunity to expand the business.

Adding to the above, he revealed that the expansion in the rural area will be driven by low cost, high service model supported with latest technology. 

http://www.myallagents.com/Bajaj-Allianz-Expects-General-Insurance-Business-To-Increase-5-Folds-In-Next-5-Years/details.html