After Shanmugham lost his two-wheeler at the Marina Beach a few months ago, police eventually gave him a non-traceable certificate', which he used to claim insurance money. However, two months later, when police tried to contact him after his stolen vehicle was recovered, Shanmugham was not keen to respond because he had already purchased a new vehicle with the insurance money. ...
Since the last one year, people across all corners of the world have been hit as recession rampaged across the world decimating the big boys of the corporate world like Merrill Lynch, General Motors, AIG and many more. The first casualty of the recession has been jobs and there have been large-scale retrenchments in the West. This trend has been slowly making its presence felt in...
Chennai-based general insurer Royal Sundaram Alliance Insurnace Company has set a growth target of 15 per cent for the current financial year. In 2008-09, the insurer's gross written premium was Rs 805 crore. In an interview with TE Narasimhan, Managing Director Ajay Bimbhet said that the company would rely more on its strengthened distribution network to achieve planned growth and...
A HIGHER foreign direct investment (FDI) will unshackle the insurance industry and drive growth and long-term development, enrich the business by bringing world-class business practices and processes, expand distribution capabilities and deepen market penetration. Over Rs 10,000 crore of foreign capital could flow into the country if the government were to pass the Insurance...
A higher foreign direct investment (FDI) will unshackle the insurance industry and drive growth and long-term development, enrich the business by bringing world-;class business practices and processes, expand distribution capabilities and deepen market penetration. Over Rs 10,000 crore of foreign capital could flow into the country if the Government were to pass the Insurance...
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