Royal Sundaram Alliance Insurance, one of the first-gen private insurance companies has registered an almost 20% growth in business, one of the highest in the general insurance space. Ajay Bimbhet, managing director, shares his thoughts on the industry and the company''s plans in a detariffed regime. Ajay Bimbhet, MD of Royal Sundaram Alliance Insurance, shares his thoughts on...
What kind of focus you have on your health insurance portfolio? The Indian health insurance industry stands at INR 5,125 crores with less than 2% of the population covered by private health insurance. These figures while being a little disappointing are also encouraging because they highlight the huge potential for growth among this vast untapped sea of uninsured. Therefore it...
With increasing events and claims how do you see the disaster management scenario including increasing terrorism events from the insurers point of view? Disaster management has a key role in limiting losses and the establishment of a Natural Disaster authority is a step in right direction. The uncertainty and insecurity about one's life and possessions have increased manifold in...
Plan of action for 2009: Create an emergency fund. Get health insurance or renew your insurance on time.Make sure there are no gaps in renewal. Reduce the use of credit card debt. Remember you are charged any where from 30% per annum. Brush up on basic financial planning issues including your net worth, when your debts need to be paid off, your retirement...
The kin of those killed in terrorist attacks such as the recent one in Mumbai may want to double-check victim's credit cards for personal accident cover. Terror attacks are automatically included in policies that cover "death due to any cause" and claims by beneficiaries must be honoured, the insurance regulator and card issuers say. While in most cases, card holders...
Back
