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Entries for September, 2009

Understanding MFs & Life Insurance Products

For most people who are new to the world of personal finance, the nuances of the difference between mutual funds and life insurance policies are confusing. Here is a quick summary of the two products.
A mutual fund is a capital market investment product that gives you a return based on the amount of risk that [...]

Banks line up to enter non-life insurance biz

UCO Bank, Union Bank of India and Corporation Bank have announced plans to set up non-life insurance companies in what industry consultants believe is a trend in which more state-controlled as well as private banks are expected to diversify into this area.
SK Goel, Chairman and Managing Director, UCO Bank said, “We will hold a 26 [...]

Lack of Insurance to Blame for Almost 45,000 Deaths: Study

THURSDAY, Sept. 17 (HealthDay News) — If you doubt that lack of health insurance can have deadly consequences, consider these new findings: Americans without health insurance are 40 percent more likely to die than those with private insurance.
As many as 44,789 Americans of working age die each year because they lack health insurance, more than [...]

Insurance Regularity - IRDA’s agency transfer rules may make life tough for SBI

MUMBAI: The new transfer of agency norms announced by the insurance regulator this month could turn out to be a ticklish issue for the country’s largest bank, State Bank of India.
SBI is in the process of floating a non-life insurance company — SBI General Insurance in partnership with Insurance Australia Group, whose products it plans [...]

Hate Your Insurance? Tell Mr. Baucus and Us All About It

President Obama talks a lot about how Americans who like their health insurance will be able to keep it. But Americans who hate their insurance might be able to dump it, according to the proposal unveiled today by Senator Max Baucus, Democrat of Montana.
What do you think?
In the great health care debate, there has been [...]

Cost of health insurance rising faster than pay

WASHINGTON - A national advocacy group says health insurance premiums rose five times faster than earnings in Illinois from 2000 to 2009.
More details are scheduled for release Thursday in a report from Families USA, a group working to expand health care coverage. The group based its findings on federal data.
The cost of health insurance [...]

Free insurance cover for docs Tackling H1N1

Pune: Some relief for doctors treating H1N1 patients in Pune, the city that has faced the brunt of the virus attack. An insurance company is now offering them a life cover.
Pune-based insurance company, Bajaj Allianz has offered staff at the Naidu hospital, the Sassoon hospital’s critical care ward and the National Institute of Virology, [...]

Health Insurance Premiums Rose Modestly in 2009

The cost of employer-sponsored health insurance rose modestly again this year, but researchers predict a return to bigger increases that may eventually produce crippling premiums if left unchecked.
Meanwhile, more workers with single coverage are facing high-deductible plans that make them pay $1,000 or more out of pocket before coverage starts, according to a report released [...]

Andhra Pradesh to claim Rs18 crore from Reliance General Insurance of the Anil Dhirubhai Ambani Group

The Andhra Pradesh government will make an insurance claim of Rs18 crore for the Bell-430 twin-engine helicopter carrying former chief minister YS Rajasekhara Reddy, its passengers and pilots. Reliance General Insurance of the Anil Dhirubhai Ambani Group provided cover to the helicopter.
“The helicopter was fully insured and we are claiming the cover. The insurance company [...]

What are the things to keep in mind while checking about loan insurance?

Loan insurance is something that you need to give careful thought to.
You need to check:
What does the loan insurance cover? - Does it cover death by accident or death by any cause? Does it cover temporary disability only or does it cover permanent disability as well?
Eligibility for the insurance - Check about the eligibility criteria [...]



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