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Insurance Company Tag Line Head SBI Life Insurance Company Limited With Us, You’re Sure Arijit Basu New India Assurance Company Limited India’s premier general insurance company G. Srinivasan PNB  India Insurance Company Limited Have you met life today Tarun Chugh Max Life Insurance Company Limited Aapke Sachhe Advisor Rajesh Sud United India Insurance Company Limited Rest Assured with Us Milind A Kharat Max Newyork Life Insurance Company Limited Karo Zyada ka Iraada Chairman- Analjit Singh CEO-Rajesh Sud Apollo Munich Health Insurance We know Healthcare CEO - Anthony Jacob Chairman - Prathap C Reddy Tata AIA Life Insurance Company Limited You click, we cover Ishaat Hussain Future Generali Life Insurance Ek Shagun Zindagi Ke Naam Chairman- G N ...

As You All Know NICL And LIC  Has Announced The Notifications For  The Recruitment of AO And AAO Posts respectively.   Keeping The Standard of These exams, Competition Zenith Brings You The Best Exam Oriented Current Affairs Digest For NICL AO And LIC AAO . We Have Covered All The Complete Important News That Might Be Asked In The Exams, You Don't Need To Read Anything Other Than This To Ace In Your General Awareness Section. This Is the Part- 1 of  Current Affairs Digest , Keep Visiting Us For Further Parts. Click Here: Download Currnet Affairs Digest Pdf   Note: This Is the  Part- 1 of  Current Affairs Digest , Keep Visiting Us For Further Parts.

Pradhan Mantri Suraksha Bima Yojana This scheme is mainly for accidental death insurance cover for up to Rs. 2 lakh. Here are the key details: Eligibility : Available to people in age group 18 to 70 years with bank account. Premium : Rs. 12 per annum. Payment Mode :   The premium will be directly auto-debited by the bank from the subscribers account. This is the only mode available. Risk Coverage:   For accidental death and full disability - Rs. 2 lakh and for partial disability – Rs. 1 lakh. Joining the scheme:  Any person having a bank account and Aadhaar number linked to the bank account can give a simple form to the bank every year before June 1 in order to join the scheme. Name of nominee to be given in the form. Terms of Risk Coverage:   A person has to opt for the scheme every year. He can also prefer to give a long-term option of continuing in which case his account will be auto-debited every year by the bank. Who will implement this scheme?: ...

The Insurance Act of 1938 The Insurance Act of 1938 was the first legislation governing all forms of insurance to provide strict state control over insurance business. Life Insurance Corporation Act Life insurance in India was completely nationalized on 19 January 1956, through the Life Insurance Corporation Act.  The Government of India issued an Ordinance on 19 January 1956 nationalising the Life Insurance sector and Life Insurance Corporation came into existence in the same year.  The Life Insurance Corporation (LIC) absorbed 154 Indian, 16 non-Indian insurers as also 75 provident societies—245 Indian and foreign insurers in all.  General Insurance Business (Nationalisation) Act In 1972 with the General Insurance Business (Nationalisation) Act was passed by the Indian Parliament, and consequently, General Insurance business was nationalized with effect from 1 January 1973.  107 insurers were amalgamated and grouped into four companies, na...

What is a Life Insurance and Why it's neccessary? Life Insurance is a contract providing for payment of a sum of money to the person assured or, following him to the person entitled to receive the same, on the happening of a certain event.   If somebody suffer economic hardship and dies, at that time Dependent Survivors needs life Insurance. Life Insurance is a way to replace the loss of Income that occurs when the earning member of family dies.  If insured person dies while the contract is in force, the insurance company pays a specified sum of money to the person on persons you name as beneficiaries. TYPES OF LIFE INSURANCE : • Term Life Insurance • Permanent Life Insurance TERM LIFE INSURANCE :   Under a Term Life contract, the insurance company pays a specific lump sum to the designated beneficiary in case of the death of the insured. These policies are usually for  5, 10, 15, 20 or 30 years. Term life insurance are the most popular i...

v What is Insurance: Insurance is a contract between the insurer and the insured wherein against receipt of certain amount, called  premium,  the insurer agrees to make good any  financial loss that may be suffered by the insured,  due to the operation of an insured peril on the subject matter of insurance. v   Why People Opt for Insurance? The Life is full of uncertainties..   People opt for insurance purely for the reasons of uncertainties in life.  Insurance gives the insured a kind of  peace of mind as he is assured to making up the loss in the event of such uncertainities in life happen. v   How does Insurance work? Insurance is a technique wherein a number of people, who are exposed to similar risk, participate in the scheme and contribute in the shape of periodic premiums.  Such premiums are received by the insurer who is able to pay out of the premiums received by him, for the losses of some of those who have...

Government approved promulgation of an Ordinance to hike Foreign Direct Investment (FDI) cap in the insurance sector to 49 per cent from 26 per cent, as the legislation could not be passed in the Parliament session. The 49 per cent cap would include both FDI and foreign portfolio investments. The proposed hike in foreign investment limit to 49 per cent in the insurance sector has potential to attract up to USD 7-8 billion (about Rs 50,000 crore) from overseas investors, giving a major boost to the segment. The total capital deployed in the private life insurance sector is close to Rs 35,000 crore. At FDI at 26 per cent, foreign equity is close to Rs 8,700 crore. Let us Analyse the Pro and Cons of FDI in insurance PROS It will provide additional source of finance for insurance companies. The foreign currency infusion will help India better it's Current Account Deficit and Balance of Payments. It will promote development of insurance sector by bringing in more ...