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Royal Sundaram Alliance Insurance Co. Ltd. aims to generate an additional 60 million rupees (US$1.3 million) in premiums through its newly opened branch in Jamshedpur, a major city and industrial center in Jharkhand state in eastern India. The new branch will distribute nonlife products such as home insurance, car insurance, fire and  marine insurance  through its agents and dealers,...

Low penetration is one of the oft-heard travails of the industry and the reasons are many, ranging from high cost of distribution to ignorance about insurance. The under-penetrated segments are also many; health is a prime example. But there is never just one reason for under-penetration of insurance in a segment -- there is usually a host of factors often working at cross-purposes....

We often read or hear about insurance claims being rejected by insurers on flimsy grounds. Sometimes, however, the insured is also to be blamed simply because he/she is found to have made false declarations while taking the policy or failed to go through the fine print before buying one. On a few occasions, complaints about insurance policies are also the result of confusion over the...

In line with their aggressive initiative to ramp up their pan India footprint, Royal Sundaram inaugurated its branch in Jamshedpur, which is their very first branch in Jharkhand. Speaking on the occasion, Ajay Bimbhet, MD Royal Sundaram Alliance Insurance Company Limited said ¿With almost a decade of experience in dealing with a wide spectrum of industries and extensive industry...

The post liberalization era -India has been witness to a determined push by the government to hasten the pace of industrialization and make India one of the most preferred destinations for investment. While the efforts of the government have been laudable, we cannot attain a rapid pace of economic growth if our basic infrastructure is not in place and the most important component of...