Insurance Cover 2008

2008-08-15 Stree shakti, the SKS Microfinance Way - Express Healthcare

The domestic insurance industry in India is estimated to grow to be around usd. 60. 5 billion by 2010, of which usd. 35 billion will come from rural and semi-urban areas. While the life insurance market is expected to grow to usd. 5 billion, non-life insurance market will touch an estimated usd. 25 billion. Currently only 30,111,690 people in the low income category in India are covered by around 130 insurance products. In 2006 health insurance covered only one per cent of the population of the country and accounted for 1. 2 per cent of the total healthcare expenditure. "Looking at the low penetration of health insurance and large existing rural population, the market is still untapped due to various challenges in designing appropriate micro insurance products and distributing the same," says Pranav

www.expresshealthcaremgmt.com

2008-06-20 The Sun News On-line Opinion

Requested inter alia: the plaintiff shall acquire and maintain a valid reinsurance cover for all its businesses and no. 8217; This clause implies an earlier abdication of responsibility by NICON . According to the Insurance industry regulator, National Insurance Commission (NAICOM) for any insurance company to operate, a valid Reinsurance cover must always be in place. Specifically it stated that NICON Insurance Plc, traditionally had one of the strongest Reinsurance securities in the insurance industry covering Life, General business, Aviation, Oil and Gas provided by the foremost Reinsures in the world and other

www.sunnewsonline.com

NATIONAL NEWS INDEX FOR SUN NEWS ONLINE, NIGERIAS LEADING TABLOID DAILY NEWSPAPER. - Sun News Online Nigeria Nigerian News tabloid Africa News Africa

2008-02-29 Nanotechnology: An insurers perspective

To determine the level of risk nanotechnology poses to each of these types of insurance cover an insurer would require a diverse amount of information ranging from the insureds use of nanotechnology to knowledge regarding the potential hazards of nano-materials. Some of this information is gathered by an insurance broker on behalf of the party seeking insurance; other information can be gathered from research by third parties such as universities and market research groups. For example, the similarity of carbon nanotubes to asbestos fibres has raised concern. If some nanotechnologies were to cause similar unexpected latent claims to the asbestos claims of the 1990s, then insurers would want to exclude or price the risk appropriately. This may prove difficult until the real risk is known.

www.nanowerk.com

Nanotechnology news from Nanowerk - Nanotechnology news

2008-03-03 The East African - News

That Ugandas insurance industry loses an estimated Ush50 billion ( usd. 28. 6 million) every year to foreign insurers in direct insurance policy covers, particularly for medical purposes. Such a loss in revenue is mainly attributed to poor health care delivery systems, which drive wealthy Ugandans to insure themselves overseas.

Mr Rubondo said the largely poor quality of health care in Uganda is the major factor pushing Ugandans into buying medical cover from foreign insurers even when local players can provide equally reliable services. The continued absence of an entrenched national health insurance scheme continues to hamper the healthcare delivery

www.nationmedia.com

2008-01-27 Anything but banking.

Second, most individuals who are forced into buying a life insurance policy end up buying a policy with the least premium payment (and thereby with a lower insurance cover). This is only to be expected; lets not forget that the compulsory life insurance policy is seen as an unwanted obligation. Incidentally, instead of explaining what the insurance policy has to offer, the bank chose to highlight the affordable annual premiums. Buying insurance is all about assessing ones needs and then determining the appropriate insurance cover and product. By selling insurance based on premium payments, the bank was indulging in mis-selling and contributing to the most common evil plaguing the insurance sector.

sify.com

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2008-01-03 The Daily Times - Malawis Premier Daily

The second quarter started with NICO General, the leading insurer, launching its new product called Homesure Personal Insurance Policy. The product was launched on at Mount Soche Hotel. Homesure is a package policy comprising covers for private dwelling house and contents therein, personal effects, golfers equipment, personal accident, personal liability, motor vehicle, pet insurance and many more. This is the widest insurance cover ever known to the industry insofar as personal insurance requirements are concerned. Insurance policies that follow Homesure are imitations. Since its launch, homesure has been a household name for many.

www.dailytimes.bppmw.com

2008-06-24 MIX PROTECTION WITH INVESTMENT : making money, transfer money, wire money, money for college, special finance, business finance, finance calculator, computers finance

Says Sardesai: These are relatively new plans and we are not sure how easy it is to get the insurance amount in case of an unfortunate event. Moreover, in many mutual funds, for the first year the insurance benefit is only equal to ten times the annual SIP amount. So for an annual SIP of Rs 5,000, the term cover would be only Rs 50,000. This is low and needs to be taken into account by the investor. Also, as time goes by, the term cover may not suffice (because of your changing life stage needs), so it will be necessary to get some additional cover. And lastly, there is an age limit (of 55 for most plans) beyond which no insurance is provided.

www.expressmoney.in

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2008-02-13 Warren Buffetts letter to bond insurers - MarketWatch

We priced this proposed reinsurance cover to reflect the significant opportunity cost from our perspective in providing this type of bulk reinsurance cover. In the current market environment, we are able to command premium levels double (or higher) your clients prior rates to insure the risks that in addition have the benefit of your clients AAA insurance cover. Given our conservative use of capital (for example, the capital ratios in our monoline insurer would be higher than other insurers and would not be subject to reduction by dividends, fees, etc. for a minimum of ten years under the concept we presented to the Department), by offering this cover we forgo these direct opportunities to wrap already wrapped bonds. Despite this, there is an obvious appeal to a bulk transaction like this given the low overhead costs which would

www.marketwatch.com

2008-06-07 Why term insurance covers are your best bet

Yes. SBI Life has a policy called SBI Life Shield. The life cover in this case increases at the rate of 5 pct. every year or you could opt for an increase in cover at the rate of 50 pct. every five years. The premium in both the cases remains the same throughout the period of the policy. There is also Aviva LifeShield which allows you to increase the life cover (up to 40 years of age) once by 50 pct. (allowing for a maximum increase of Rs 10 lakh) during the term of the policy. For this, you dont even have to submit any evidence of good health if you decide to increase the life cover within three months of marriage or within three month of the birth of your child, the insurance advisor answered.

sify.com

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2008-04-05 Aldi vs WSP Group: Piercing the cover field - Building

There are misconceptions about what insurance will cover. The key starting point is that an insurance policy is primarily to benefit the person taking out the insurance. It is this party that contracts with the insurer for insurance. In principle, therefore, it is this party that calls on the policy to make a recovery. This basic position is distorted by a number of things but the importance of this should not be lost sight of for the reasons set out here.

www.building.co.uk

Many people automatically assume that the insurer will pay out simply because the premium.