Tuesday, May 22, 2007

Accenture Releases Enhanced Life Insurance Platform with New Product Configuration Engine

Accenture (NYSE:ACN) has introduced the Accenture Life Insurance Platform, an enhanced version of the former NaviSys policy administration and new-business processing platform featuring flexible new product configuration tools designed to help insurers develop and launch new products more quickly and efficiently.
The new product configuration capability leverages Asynchronous JavaScript and XML (AJAX), a technique for developing interactive web applications, to allow users to drag and drop new-product rules at any point in the insurance policy administration process.

Read on Enhanced Life Insurance from Accenture.

Wednesday, May 16, 2007

How do I pick a life insurance company?

Tricky question ! :-)

Roughly 1,000 life insurance companies sell life insurance in the U.S., but many are members of groups of companies and so aren’t really competitors with each other.

Learn on the points to ponder when selecting a life insurance company.

Friday, May 11, 2007

Maruti - Jindagi ke saath bhi .. jindagi ke baad bhi ..connection

The government today approved the sale of its remaining 10.27-per cent stake in passenger car maker Maruti Udyog in which India's largest insurer, Life insurance Corporation (LIC) emerged as the second-highest shareholder with a 12.5-per cent stake behind Suzuki's 54 per cent.

Wednesday, May 9, 2007

Why should I purchase permanent insurance?

If you have the above question .. I would say why not ??
A permanent life policy provides lifelong insurance protection. The policy pays a death benefit if you die tomorrow or if you live to be a hundred. (hundred.. hummm :-))...
Let me give you some more facts -
- You can lock the premiums when you purchase the policy (premiums will not increase with your age)
- The policy will accumulate cash savings.
- You can use this cash value to pay your premiums
- Borrow from the insurance company using the cash value in your life insurance as collateral.

Read on some key points on Why should you purchase permanent insurance?

Monday, May 7, 2007

SBI Products - One for micro one for health

With 88% increase in net profit at Rs3.83 crore this year as against Rs2.02 crore last year, SBI is planning to come up with two more products in the by July this year.
Look at the increase in premium, total premium is increased by 172% at Rs2,928.49 crore in 2006-07 compared to Rs1,075.32 crore the previous year.
I would say SBI is shining for sure !!!

Thursday, May 3, 2007

Insurance companies plans to hit IPO

India is one of the fastest growing insurance markets with companies clocking in triple digit growth.
For most of the players it is the crucial investment stage where they have to pump in money to build their distribution network and also to meet regulatory requirements.
So the next time you get an insurance cover you may also get to check its stock price to find out how well it is doing.