| Author |
Message |
ramki830
Groupie
Joined: 01/Jan/2007
Location: India
Online Status: Offline
Posts: 76
|
   Posted: 03/Sep/2007 at 8:06pm |
"We do not have tie-ups with large banks due to the current high-
cost structure of bancassurance. "
Good point. I felt that bancassurance worked well only in some place in the world (like Europe). Corporation Bank and LIC had a tieup for many years (LIC has 25% stake in Corp Bank) , but i dont think it has made much difference to the prospects of either of them in last few years..
Maybe Reliance Capital may really make a mark in insurance. My only problem with R.Cap is that the company is having a very high mcap, discouting many years of growth...
|
 IP Logged |
|
|
|
 |
|
basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
|
Posted: 03/Sep/2007 at 8:43pm |
In insurance the rpocess has to be correct or else companies can go bust after steller performance also. It is all about managing risk. Have anyone of you got a policy done through ICICI, HDFC, Kotak,Max etc?
The more the agent makes the situation easier for you the more disturbed the company is in terms of managing processes. FOr example if you need a doctor's certificate and the agent said "Don't worry I would get it and it should cost Rs 200" then we know we are dealing with a potential belly up!
Many companies went bad in the US after years of super normal growth because they did not follow the requisite norms - policy wrirting and premium should not be the sole criteria.
For instance when I got a term policy one from Kotak a few years back the agent ensured that I go to a health clinic for a check up.
Members can indicate their experiences in this context.
|
|
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
|
|
IP Logged |
|
|
|
CHINKI
Senior Member
Joined: 07/Feb/2007
Location: India
Online Status: Offline
Posts: 2827
|
Posted: 03/Sep/2007 at 10:41pm |
|
Basanthji, I think this was happening earlier but not now.
I had done my insurance with LIC three years back. I was checked by a LIC nominated doctor.
Almost a year back, I took another insurance policy with HDFC. I was made to go through Master Health Check up programme (since sum assured was more)in one of the reputed hospitals and we were not told of the results.
After a week or so, they issued the policy.
In another case, my sister who is 49 years old took the same policy. Some blood parameter reading was near to permissible limit. Since she was old, they did the same test once again and did some more tests.
Good thing was that, since she was not in Bangalore, for the additional tests they made the lab representatives to goto her place and draw the blood.
I think whether it is mutual fund or banking or insurance, we can rely on HDFC.
|
|
TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO
|
|
IP Logged |
|
|
|
CHINKI
Senior Member
Joined: 07/Feb/2007
Location: India
Online Status: Offline
Posts: 2827
|
Posted: 04/Sep/2007 at 9:15pm |
ICICI Prudential assets cross Rs 20,000 cr
Mumbai, Sept. 3 ICICI Prudential Life Insurance has crossed Rs 20,000 crore in terms of total assets under management.
Of these assets, Rs 12,200 crore were in equities, the company said in a press release.
The company has doubled its assets held to Rs 20,000 crore in a span of just one year. It has also crossed 50 lakh in terms of total policies issued.
Ms. Shikha Sharma, Managing Director and CEO, ICICI Prudential Life Insurance said, “Our fund management capabilities have struck a chord with the retail investor who has realised that equities provide maximum returns over the long-term and now looks at us as a viable route towards investing in markets, especially equities.”
ICICI Prudential Life Insurance is a 74:26 joint venture between ICICI Bank and UK-based Prudential.
SOURCE:THE HINDU BUSINESS LINE
|
|
TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO
|
|
IP Logged |
|
|
|
kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
|
Posted: 06/Sep/2007 at 12:40pm |
As seen from the newsflow, this sector is hotting up like anything. Too much of competition especially in non-life category is forcing some players to throw freebies/incentives to attract customers.
Few people known to me undertook Bajaj Allianz insurance for 4-wheelers bcoz 3N/4D package holiday was on offer!
|
|
Life can only be understood backwards—but it must be lived forwards
|
|
IP Logged |
|
|
|
xbox
Senior Member
Joined: 10/Sep/2006
Online Status: Offline
Posts: 2001
|
Posted: 06/Sep/2007 at 5:18am |
Few people known to me undertook Bajaj Allianz insurance for 4-wheelers bcoz 3N/4D package holiday was on offer!
--------
Kulman jee, 3N/4D ka package kiskee saath hai ? 
|
|
Don't bet on pig after all bull & bear in circle.
|
|
IP Logged |
|
|
|
kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
|
Posted: 07/Sep/2007 at 1:51pm |
....3N/4D ka package kiskee saath hai ?
-----------------------------------
xBox....aap bhi naa! Wohi toh lafda hua...those guys are insisting on marriage proof & all the related documentation!!
|
|
Life can only be understood backwards—but it must be lived forwards
|
|
IP Logged |
|
|
|
kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
|
Posted: 10/Sep/2007 at 10:37pm |
The premium income of India's life insurance market is set to double by 2012 on better penetration and higher incomes, consultancy firm McKinsey Co said in a report.
The total premium could go up to $80-100 billion by 2012 from the present $40 billion as higher per capita income increases per capita insurance intensity, the report released on Monday said.
The average household premium will rise to 3,000-4,100 rupees from the current 1,300 rupees as will penetration by the existing and new players, McKinsey said.
India's ratio of life insurance premium to its GDP is around 4 percent against 6-9 percent in the developed world. But, the report said, it could rise to 5.1-6.2 by 2012 in tandem with the country''s demographic profile.
India has 17 life insurers and the state-owned Life Insurance Corp of India dominates the industry with over 70 percent market share, though private players have been growing aggressively.
Opportunities include health insurance and pensions, the report said, adding only 1.5-2 percent of total healthcare expenditure in India was currently covered by insurance.
|
|
Life can only be understood backwards—but it must be lived forwards
|
|
IP Logged |
|
|
|
Active Topics
Memberlist
Calendar
Search
Help
Register
Login
