Insurance Company accused of fraud

I cannot believe how an Insurance companies can give reasons such as 'not compatible with the system changes' for switching funds...!! Specially when this is one of the policy provisions. System limitation is clearly insurance companies problem, why customer should suffer.

The insurance company, Aviva Life Insurance Co India Pvt Ltd, has been accused by Dr Ram Kapoor of fraud as the company, he alleged, changed his policies, resulting in a major financial setback for him.
Read on the complete article - Insurance Co accused of fraud

Is whole life really whole life?

Most people don't wake up in the morning with the thoughts of implementing a life insurance policy. It might take the motivation from a spouse, possibly an insurance agent or an attorney. Or maybe you just experienced a death of a close friend or family member. If you look in the obituary section every day, you'll find the people passing away aren't all in their 80s and 90s. Possibly you realize something could happen to you and you want your family protected, financially.
Read on: Is whole life really whole life?

Should you prepay your home loan?

I have seen people spending years in thinking "Should I prepay my home loan" ? Well, I would say it depends on various factors, like your priorities, Children's education, other obligations etc.
Here is an artical that describes what you will save if you plan to prepay your home loan.
Read on - Should you prepay your home loan?
Thanks to msn.bankbazaar.com

Is your insurance safe ?

• What is the gurantee that my policy is safe with say xyz insurance ?
• How do I know if my insurer is financially strong ?
• What if my insurance company goes out of business ?
  
  I am sure with the current market situation many of us have similar questions.
  Here is an article that tries to answer the above questions.
  Read on - Is your insurance safe ?

Diwali (Deepawali) .... 3 days to go!!!

One of the biggest festivals of Hindus, Deepawali or Diwali in India is celebrated with lots of enthusiasm and happiness. This festival is celebrated for five continuous days, with the third day being celebrated as the main Diwali or as 'Festival of Lights'. Fireworks are always associated with this festival. The day is celebrated with people lighting diyas, candles all around their house. Lakshmi Puja is performed in the evening to seek divine blessings of Goddess of Wealth. Diwali gifts are exchanged among all near and dear ones.

Diwalifestival.org talks about how Diwali celeberated all over India and world.

The Right Insurance Rules

With number of stringent regulations already in place for insurance companies .. I am just wondering how blunders like AIG could have happend. Do we have to make to those regulations more rigorous or bring in the "right" rules ?

Here is an article from Ted Mathas that discuss about - "The Right Insurance Rules".

The writer is president and chief executive of New York Life Insurance Co., the largest mutual life insurance company in the United States.

SBI Life launches health plan

SBI Life Insurance Co on Thursday launched its first group health insurance plan ‘Criti9’ for State Bank Group customers. Criti9 provides protection against nine critical illnesses, including cancer, heart-attack (myocardinal infraction) and major organ transplant, the company said.

Read more here - SBI Life launches health plan

Farmers Life Insurance Company Number 1 in California Life Insurance Sales

Farmers New World Life Insurance Company has taken the number one spot in California in life insurance sales according to Paul Patsis, president of Farmers Life.

CVAT & GPT – What’s It All About?

This simple pdf answers almost all the questions related to CVAT & GPT.

I like the way they have used the simple language and their approach of explaining the term.
Thank you owR OPINION, L.L.C. !!!

Read - CVAT & GPT – What’s It All About?

IRDA fines 10 insurers

The Insurance Regulatory and Development Authority (Irda) has fined 10 insurance companies, including both the insurance arms of the Bajaj Auto Group, Reliance General, United India, Iffco-Tokio, New India Assurance and Shriram Life for non-compliance with various guidelines.
More on - IRDA fines 10 insurers and Watchdog penalises top insurers

One might ask .. what is IRDA anyways ?
IRDA is established by Parliament(India) to protect the interests of the policyholders, to regulate, promote, and ensure orderly growth of the insurance industry.

To know more about IRDA, visit http://www.irdaindia.org/