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Budget 2012: Budget Seems To Be Balanced, Says Royal Sundaram
Money Control - 17 March, 2012

Budget 2012: Budget Seems To Be Balanced, Says Royal Sundaram   Mr. Ajay Bimbhet, managing director of Royal Sundaram Alliance Insurance Company Limited

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It's A Mixed Bag: Royal Sundaram
BS Reporter - 16 March, 2012

It`s A Mixed Bag: Royal Sundaram   The overall budget seems to be a balanced one. In view of the economic conditions of the country, it is important to encourage moves for a sustainable growth. Budget 2012 has been a bag of mixed propositions.   W...

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Budget 2012: Hike Sec 80D Limits To Boost Health Insurance | Royal Sundaram
Business standard - 14 March, 2012

Budget 2012: Hike Sec 80D Limits To Boost Health Insurance    The market builds up a lot of expectations before the presentation of the Budget, and both, the common man and industry have always been anxious to understand its implications. Insurance ...

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Health services in need of a booster shot
Times of India - 01 March, 2012

Health Services In Need Of A Booster Shot   PANAJI: Goa prides itself as the state with the best health indicators. However, wounds in the state's health care system were exposed when a three-member team of commissioners, appoi...

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Government to triple spending on health in 12th Five-Year Plan
LiveMint - 01 March, 2012

Government To Triple Spending On Health In 12th Five-Year Plan   Increased budget comes with sweeping changes in the sector; PMO says availability of funds will not be a constraint Vidya Krishnan & Sahil Makkar

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Online insurance product offerings being enhanced
mydigitalfc - 29 February, 2012

Online Insurance Product Offerings Being Enhanced   Life insurance companies are planning to extend their product offering on online platform for increasing insurance penetration. Insurers have been primarily focusing on online pure protection or t...

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IRDA appoints M Rama Prasad as Health Insurance Forum Chairman
Zee News - 29 February, 2012

Irda Appoints M Rama Prasad As Health Insurance Forum Chairman   New Delhi: Insurance regulator IRDA Wednesday announced appointment of M Rama Prasad as Chairman of newly-formed Health Insurance Forum that would eventually become a...

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You can get claim from more than one accident policy
Financial Express - 21 February, 2012

Can I get claim for more than one personal accident policy? Personal accident (PA) insurance is designed to give financial protection to you and your family in case of an untoward accident that may result in death or disablement. PA cover helps in filling the void, to an extent, ...

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United India to implement core insurance solutions
BS Reporter / Chennai - 21 February, 2012

United India To Implement Core Insurance Solutions   Public sector general insurance firm United India Insurance Company is planning to complete implementation of core insurance solutions connecting all its 1,465 offices spread across the country, within ne...

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Irda plans to introduce electronic re-insurance platform
Economic Times - 20 February, 2012

MUMBAI: With a view to improve transparency in reinsurance contracts, the sectoral watchdog Irda today said that it is planning to introduce an electronic re-insurance platform for insurers.  

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General insurance premium may double to Rs 1 lakh crore by '15, says Pranab Mukherjee
PTI - 18 February, 2012

General Insurance Premium May Double To Rs 1 Lakh Crore By '15, Says Pranab Mukherjee   NEW DELHI: Finance Minister Pranab Mukherjee on Saturday said the annual general insurance premium collection could double to Rs 1 lakh cro...

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Oriental Insurance, National Insurance need Rs 1,000 crore as motor pool strains solvency
ET Bureau - 31 January, 2012

Oriental Insurance, National Insurance Need Rs 1,000 Crore As Motor Pool Strains Solvency     Place : Mumbai   The government may have to invest 1,000 crore in two non-li...

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CERS Intervenes In Medical Insurance Logjam
31 January, 2012

CERS Intervenes In Medical Insurance Logjam    Place : Ahmedabad   Jyotsna Patel will be paid more than the assured sum of Rs 1 lakh by United India Insurance which had previously denied her claim after...

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No FIR, Post-Mortem Report Needed for Insurance Claims for Injuries At Home
Virendra Pandit - 30 January, 2012

No FIR, Post-Mortem Report Needed for Insurance Claims for Injuries At Home   Place : Ahmedabad   The Consumer Disputes Redressal Forum, Ahmedabad (Rural), has directed United India Insurance Company Ltd to ...

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Health Insurance Cos Reluctant To Cover Bariatric Surgery
TNN - 30 January, 2012

Health Insurance Cos Reluctant To Cover Bariatric Surgery    Place : Indore   At a time when the Madhya Pradesh government has decided to reimburse the cost of obesity surgery to the government employee...

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Health Insurance: Employers Try Co-Payment
Express India - 30 January, 2012

Health Insurance: Employers Try Co-Payment     Health insurance benefit today is a hygiene factor for employers and they cannot afford to treat it as a talent attraction or a retention tool anymore. The absence of a good p...

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Norms For Mfs, Insurers Participation In Preference Issues Eased
Moneylife Digital Team - 30 January, 2012

Norms For Mfs, Insurers Participation In Preference Issues Eased   Place : New Delhi   "It has been decided to exempt insurance companies and MFs from the provisions of SEBI (ICDR) Regulations relating to sale and lock-...

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Govt Forms Four Panels To Set Insurance Industry Norms | Royal Sundaram
Remya Nair & Sneha Shah - 29 January, 2012

Govt Forms Four Panels To Set Insurance Industry Norms     Place : Mumbai   The finance ministry has formed four committees to take stock of insurance business in the country with representation from insu...

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Reforms Marked 2011 For Insurance Sector | Royal Sundaram
Business Standard - 02 January, 2012

Reforms Marked 2011 For Insurance Sector   Place : New Delhi   After a long wait and prolonged consultation with stakeholders, the Insurance Regulatory and Development Authority (Irda) finally came out with guidelines on ini...

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Debashis Basu: Signs Of Premature Ageing? | Royal Sundaram
Business Standard - 02 January, 2012

Debashis Basu: Signs Of Premature Ageing?   Sometime in March 2008, two very smart and wealthy investors were explaining to me the reason behind their large stakes in two listed financial services businesses: rising prosperity and swelling savings are bound t...

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We Expect To Generate Rs 225-Cr Premium This Year: RR Belle, SBI General Insurance | Royal Sundaram
ET Bureau - 02 January, 2012

We Expect To Generate Rs 225-Cr Premium This Year: RR Belle, SBI General Insurance   SBI General Insurance, a joint venture between the country's largest lender State Bank of India and global insurance firm Insurance Australia Group, plans to break even i...

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Life Insurers Close Branches To Save Cost | Royal Sundaram
My Digital FC - 01 January, 2012

Life Insurers Close Branches To Save Cost   Place : Chennai   Life insurance companies have been closing branches and downsizing employee headcount as major cost-cutting initiatives due to the downside seen in the life insur...

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If Your Interests Are Not Long-Term, Don't Get Into This Business
Business Standard - 01 January, 2012

If Your Interests Are Not Long-Term, Don`t Get Into This Business   Amid a decline in growth in the life insurance business and mounting losses from the ever-expanding non-life portfolio, insurance companies recorded losses this year. Owing t...

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Underwriting losses of non-life insurers up 68%
My Digital FC - 01 January, 2012

Underwriting Losses Of Non-Life Insurers Up 68%     Place : Mumbai   Underwriting losses of non-life insurance companies galloped to Rs 9,969 crore in 2010-11, up from Rs...

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LIC using bancassurance channel poorly: Irda
My Digital FC - 01 January, 2012

Lic Using Bancassurance Channel Poorly: Irda    Place : Mumbai   Despite having a tie-up with several large public sector banks, more than 150 brokers and top corporate agents to distri...

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Govt begins process to migrate general insurance firms into Solvency II regime
My Digital FC - 01 January, 2012

Govt Begins Process To Migrate General Insurance Firms Into Solvency II Regime     Place : Bangalore   The government has initiated a move to migrate the domestic general...

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Rise in global reinsurance rates likely to pinch Indian insurers, may lead to increase in premium rates
ET Bureau - 29 December, 2011

Rise In Global Reinsurance Rates Likely To Pinch Indian Insurers, May Lead To Increase In Premium Rates   Place : Mumbai   Rise in global reinsurance rates this year may force Indian insurer...

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Tendulkar gets Rs 100 cr cover for Bandra house
Business Standard - 29 December, 2011

Tendulkar Gets Rs 100 Cr Cover For Bandra House   Place : Mumbai   While cricket superstar Sachin Tendulkar awaits a 'century of centuries', his new five-storey bungalow in Bandra ha...

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For the customers, By the customers
Live Mint - 29 December, 2011

For The Customers, By The Customers   With the Insurance Regulatory and Development Authority (Irda) cracking its whip on insurance firms by bringing in sweeping reforms in a bid to make the industry more customer-friendly, the insurance indu...

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Irda locks horns with MoF over obligatory commission
Financial Express - 29 December, 2011

Irda Locks Horns With Mof Over Obligatory Commission   Place : Mumbai   In a development reminiscent of the turf battle between Sebi and Irda over Ulips, the latter appears to be on a collision course wit...

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LIC pips pvt insurers in settling claims: IRDA
Times Of India - 29 December, 2011

Lic Pips Pvt Insurers In Settling Claims: Irda   Place : Istumbai   The Insurance Regulatory and Development Authority has said that the Life Insurance Corporation of India has performed better in terms of ...

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ESIC to improve standards to vie at world level
The New Indian Express - 29 December, 2011

Esic To Improve Standards To Vie At World Level   Place : Bangalore   The Employees State Insurance Corporation, which looks after the administration of the multi-dimensional ESI social security system in...

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Underwriting losses of non-life insurers surge 68%
The Hindu Businessline - 28 December, 2011

Underwriting Losses Of Non-Life Insurers Surge 68%     Place : Hyderabad   The underwriting losses of the non-life insurance companies increased 68 per cent to Rs 9,969 c...

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Magma Fincorp hopeful of getting insurance licence next year
Economic Times - 28 December, 2011

Magma Fincorp Hopeful Of Getting Insurance Licence Next Year   Place : Mumbai   The Kolkata-based retail finance player Magma Fincorp is hopeful of getting general insurance licence in the f...

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Life Insurance sector may grow at 13-14% over four years
ET Bureau - 24 November, 2011

Life Insurance Sector May Grow At 13-14% Over Four Years   Place : Mumbai   Indian life insurance industry is likely to grow at 13-14% over the next four years and contribute 10% to total gl...

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Fact suppression ground for risk claim denial: Consumer forum
DNA - 24 November, 2011

Fact Suppression Ground For Risk Claim Denial: Consumer Forum   Place : Mumbai   A renewed insurance policy means a new contract between the insurance company and the insured, ruled the Nati...

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Among the least profitable across Asia
Business Standard - 24 November, 2011

Place : Mumbai   At a time when the country's life insurance industry is facing a downturn in premium collection, it has earned itself a dubious distinction of being one of the "least" profitable market across Asia.  ...

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IRDA plans to limit insurers' bank tie-ups
ET Bureau - 24 November, 2011

Place : Mumbai   In what would affect the businesses of bank-led insurance companies like ICICI Prudential and SBI Life, the insurance regulator is proposing to limit the insurers' bank tie-ups in big cities. The IRDA has suggested state-wise regulatory...

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Banks can partner insurance cos, sell multiple products
Business Standard - 24 November, 2011

Place : Mumbai   In a radical move, the Insurance Regulatory and Development Authority (Irda) proposed to open up a bancassurance distribution channel, where banks would be allowed to tie-up with one set of insurance companies (life, non-life and standalone...

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Irda looks to revamp micro-insurance plans
By Shruti Verma Khare - 23 November, 2011

Place : New Delhi   The Insurance Regulatory and Development Authority (Irda) is working on guidelines to revamp micro-insurance products. Irda wants to increase the life cover offered in these policies and reduce the premium, an Irda official said. ...

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ICICI Lombard Wins Frost & Sullivan's 2011 India Voice of Customer Award as the "Overall Best Vehicle Insurance Company" in the Competitive Indian Automotive Market
Business Wire India - 23 November, 2011

Place : Mumbai   ICICI Lombard General Insurance Company Ltd. has been bestowed with Frost & Sullivan's 2011 India Voice of Customer Award as the "Overall Best Vehicle Insurance Company" in the competitive Indian automotive market. The Awa...

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United India continues to reject insurance claims
Raj Pradhan - 23 November, 2011

Its business as usual even after two months of the IRDA circular which asked insurers to not reject claims on technical grounds. With no warning or penalty for specific insurers, will the IRDA circular be taken seriously?   Two months ago the Insurance Regu...

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Life insurance segment boosts Aditya Birla Nuvo again
Live Mint - 03 November, 2011

Aditya Birla Nuvo Ltd reported a net profit of Rs. 214 crore for the September quarter, double that of a year ago. However, adjusted for a one-time loss of Rs. 104 crore suffered by its securities units a year ago, net profit growth is a tepid 2.6%.   At the ope...

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Man gets life for wife's murder to claim insurance
TNN - 03 November, 2011

Place : Ajmer   The district and sessions court on Wednesday sentenced a man to life imprisonment for hatching a plot in which his wife of 17 years was murdered in cold blood so that he can claim her insurance.   The accus...

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Berkshire to enter life insurance biz in India
Business Standard - 03 November, 2011

Place : Mumbai   Seven months after debuting in India, Warren Buffett's Berkshire Insurance is now spreading its wings in the country. The company plans to enter the life insurance space in India, by launching an online term cover.

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Prudential net rises but core profit falls
EDT - 02 November, 2011

Prudential Financial Inc.'s PRU -2.18%  third-quarter profit rose 29% in its financial services business on a jump in premiums, as a surge in realized investment gains countervailed much higher insurance and annuity benefits.   However, its operating earnin...

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Star Health emerges lowest bidder in TN health insurance scheme
The Hindu Businessline - 01 November, 2011

Place : Chennai   Star Health Insurance has emerged as the lowest bidder in the Tamil Nadu health insurance scheme.   The company had initially quoted a premium of Rs 510 per family. This was reduced to Rs 508 after negoti...

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Now gift your live-in partner a mediclaim
ET Bureau - 01 September, 2011

This September, Mumbai-based IT services firm iGATE Patni allowed its employees to include their live-in partners for health insurance benefits. Within a month, 36 employees filed such requests. A declaration by the employee and details of the partner were the only requirements to avail a he...

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General Insurance Queries - Business Standard
17 November, 2010

Four years ago, I bought a Rs5 lakh health plan from a life insurance company. I recently learnt that life insurers only give benefit plans and not health cover. What is the difference? Should I exit? General insurance companies offer indemnity healt...

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The Safety Net of Insurance for festivals - Mint
17 November, 2010

The festive season and splendour of Diwali brings to mind beautifully decorated and illuminated homes sparkling with diyas, stores full of exciting new merchandise beckoning eager shoppers with exciting offers, with the silence being frequently broken by the chirpy sounds of fire crackers. ...

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You may soon be able to switch health insurance - The Economic Times
03 November, 2010

The penetration of medical insurance is extremely low at ~ 15% (including all types of insurance - Central Government Health Scheme, Employee State Insurance, Group Health, Individual Health etc). There are concerted efforts initiated by Government as well as Insurance Regulatory and Developme...

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General Insurance Queries - Business Standard
27 October, 2010

I have taken individual health insurance covers for my wife, my son and I. Last year, my wife was hospitalised twice, and we could not get the second claim, as the cover was already used. I have read about family-floater schemes. How do these work and are these bette...

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How to ensure easy settlement - Business Today
17 October, 2010

The impasse between insurance companies and hospitals regarding cashless services has once again brought to the fore the troubles that plague policyholders. However, unlike the recent fracas, most problems are usually the result of policyholders¿ ignorance, especially while making claim...

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Medical Claims: Ensure easy settlement - Money Today
23 August, 2010

The impasse between insurance companies and hospitals regarding cashless services has once again brought to the fore the troubles that plague policyholders. However, unlike the recent fracas, most problems are usually the result of policyholders ignorance, especially while making claims. Here`...

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Arunachal to implement Rashtriya Swasthya Bima Yojana - Arunachalnews.com
27 March, 2010

Arunachal Pradesh will be the 24th state in the country to implement the Rashtriya Swasthya Bima Yojana (RSBY) Scheme. 40,000 families in the state that are registered under Below Poverty Line will be benefited from the scheme and it will be implemented from this financial year, informed Direc...

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India's Royal Sundaram Alliance Insurance Targets Industrial Center Through New Branch -insurancenewsnet
17 March, 2010

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 a...

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Why the neighbouhood shopkeeper is under-insured? - Business Standard - Web Exclusive
16 March, 2010

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 in...

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How to make an insurance claim - Economic Times
11 March, 2010

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 ...

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Royal Sundaram opens branch in Jamshedpur - Business Standard
09 March, 2010

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 ...

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Insurance possibilities for wind energy sector, available in India - Energetica India
06 March, 2010

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 econ...

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What should you do if your car is broken into? - Economic times
04 March, 2010

Suppose you have gone out for lunch or for meeting someone and upon return, you discover that the window of your car is broken and your car stereo or some other valuable accessory is missing. Such a break-in/theft which has become quite common nowadays - can not only leave you feeling insecure...

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Insurance industry fears tax on unrealised gains, wants change - Money control
01 March, 2010

This Insurance companies have been requesting the government to make changes in the first schedule of the Finance Act 2009. which was amended and which suggests a levy of tax on unrealised gains. This is one of the many points, the insurance industry wants Budget 2010 to address. Ajay Bimbhe...

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Getting a good resale value for your old car
02 February, 2010

Depreciation on the value of a vehicle is the bane of every owner and the obvious reason is that it is the biggest cost, which becomes evident only when it is time to sell the vehicle. It is a factor that used car buyers manipulate to their advantage and car owners dread.  Market value of...

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BASIX and Royal Sundaram come to the rescue of flood victims in Andhra Pradesh, Karnataka
22 December, 2009

Bhartiya Samruddhi Finance Ltd, a microfinance institution, and flagship company of the BASIX Group, engaged in the promotion of sustainable livelihoods across 15 states in the country along with their insurance partner Royal Sundaram were instrumental in proactively settling insurance claims ...

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Eyesight, education to be new drivers for motor insurance premium
21 November, 2009

Insuring your car? Get your eyes checked and your education certificates in order. With tariffs open to free pricing, general insurance companies have started building a database to capture this and other data that will be linked to premiums over the next two years. To start with, the companie...

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Insure safe future with creditor protection plans - The Economic Times
16 November, 2009

THIS is a tear-jerking scene that's been done to death in India cinema, irrespective of whether you're talking of Bollywood or Tollywood: A gentleman with a huge loan liability dies. After the funeral, his wife and children are hounded by people from the bank. With no options to pay back the outstan...

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Zicom Office Alarm System - Ultimate Security Providers - bestsyndication.com
16 November, 2009

The office is as vulnerable any other place. In an office, a person can simply walk-in and create havoc. To overcome such situations, all you have to do is to install Zicom Safe Business equipment in the Company or offices.  Zicom safe business is the ultimate solution to such attacks. It is a ...

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Royal Sundaram, Geojit BNP Paribas in deal to sell policies - Business Standard
10 November, 2009

Royal Sundaram Alliance Insurance Company a non-life insurance joint venture between Sundaram Finance and UK's RSA today tied-up with with Geojit BNP Paribas-financial services provider, to offer savings and investment solutions. Geojit BNP Paribas will distribute all the personal lines general insu...

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Honda Cars ties up with insurance cos - The Hindu Business Line
06 November, 2009

Honda Siel Cars India (HSCI) announced on Thursday the launch of Honda Assure, an insurance tie-up with various general insurance companies. Under the initiative, Honda customers will get the benefit of a more transparent, hassle-free and quick turnaround time on their insurance claims. Other benef...

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Honda SIEL rolls out 'Honda Assure' insurance programme - WheelsunPlugged
06 November, 2009

Reinforcing its position as a customer centric company, and to enhance ownership experience for Honda car customers, Honda Siel Cars India (HSCI), leading manufacturer of premium cars in India, on 5th November'09, has announced the launch of 'Honda Assure', Honda's Insurance initiative. Under t...

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10 smart ways to lower your auto insurance bill - Economic times
05 November, 2009

Unlike the other types of insurance, auto insurance is a mandatory legal requirement and, unfortunately, one that can be pricey too. However, while there is no escape from auto insurance for any vehicle owner, some efforts can at least be made to save on the insurance premium. The good news is that ...

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Technical Pricing of Insurance - Business Standard
04 November, 2009

The general perception about the insurance industry is by and large flawed in that, they sell policies and make substantial profits like any other product off the counter. The reality is far more complex and the pricing of products is no easy task but a long-drawn exercise involving market analysis,...

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General insurers see 8% premium growth for Apr-Sep,Pvt cos grew by 5%, public sector firms see 10% rise
10 October, 2009

Blame it on the intense discounting of prices and the general downturn in the current year. Private general insurance companies have grown by a low 5% in the first six months of the current fiscal, as against a 20% in the same period last year. All the top-end players barring a couple have shown sha...

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Royal Sundaram receives extension of ISO 9000:2000 certification - India Infoline
29 September, 2009

The audit of Royal Sundaram's processes and systems was conducted by Bureau Veritas to ascertain their adherence to ISO international standards. The first audit was conducted in June 2008 and the certificate was given on July 08. Royal Sundaram received an extension of ISO 9000:2000 certification...

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Agents and their relevance to the insurance Industry - Business Standard
28 September, 2009

Insurance and agents are two words that seem to be inextricably linked in our minds. If you think of the word insurance, then the word agent will instantly pop up in your brain. This is a symbiotic relationship based on trust and mutual benefits and both the parties are the poorer without the other...

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Steps to minimize accidents at the workplace - Business Standard
18 September, 2009

Now and then, when skimming through newspapers, we come across reports of a fire or a robbery in a factory or warehouse. Most of us would probably pay scant attention to this news and move on to other topics. But if we owned a manufacturing or a storage facility, such news would be relevant to us. W...

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Loath to take back stolen vehicles recovered
05 September, 2009

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 t...

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Web Exclusive: Insurance against job loss, anyone?
05 September, 2009

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...

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We plan to achieve 15% growth - Business Standard
28 August, 2009

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 wo...

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Increase FDI limit from 26% to 49% - Money control.com
03 July, 2009

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 cap...

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Increase FDI limit in insurance sector - The Hindu Business Line
23 June, 2009

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 ca...

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Budget wish list... Ajay Bimbhet, MD, Royal Sundaram Alliance Insurance; India Infoline
22 June, 2009

This tax is detrimental to the growth of the rural insurance industry and insensitive to the plight of rural populace which lacks quality healthcare and is vulnerable to numerous perils, including illness Increase FDI limit from the current 26%; to 49%; A higher FDI will unshackle the insurance i...

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Royal Sundaram sets eye on tier-II, III cities for growth - mydigitalfc.com
18 June, 2009

Royal Sundaram Alliance (RSA) General Insurance will strengthen its distribution network, particularly in tier-II and III cities, to achieve its growth target for the present financial year. The company officials didn't share the targets. The company collected a premium of Rs 806.22 crore in the pre...

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Crazy covers - Business Standard
26 May, 2009

What types of insurance do you have - Health, Home, Car and maybe a few more? If you think you've got as much coverage as you could ever need, think again. What happens if you get bitten by a werewolf? In fact, there are many other parts of your life you could be insuring. Let's look at some interes...

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Vibrant car colour? Get ready to shell out higher premium on cover - Times of India
11 May, 2009

The choice of red colour for your dream car may match your vibrant personality, but you may end up paying higher premium for it due to the poor visibility factor.  Insurers say vehicles with colours like beige, red and blue induce poor visibility during night and are hence, prone to a higher ra...

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10 Ideas | What?s in your insurance basket? - Mint
10 May, 2009

1. Coverage: A health policy covers room, ICU charges, boarding, nursing expenses, doctor's fee, blood, oxygen, surgery charges, cost of medicines, etc. 2. Pre-existing illnesses: Normally, all pre-existing illnesses at the time of taking the policy are excluded. However, if you continue to be wi...

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Web Exclusive: Actuarial careers in general insurance - Business Standard
09 May, 2009

An actuary acts as the guiding light and influences important financial decisions in an insurance company. He uses his analytical skills to dissect the past and accordingly model the future after assessing the risks involved. An important part of an actuary's role is to clearly communicate the finan...

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Atom Technologies ties up with insurance companies - expressbuzz.com
04 April, 2009

Atom Technologies, mobile-payment service provider, has tied up with insurance companies, including Apollo DKV, ICICI Lombard General Insurance, ICICI Prudential Life Insurance, Reliance General Insurance and Royal Sundaram General Insurance for its Atom payments platform. This service offers the co...

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Insurance Biggies Opt for Atom's Payment Solution - By CXOtoday Staff
02 April, 2009

Leading insurance companies including Apollo DKV, ICICI Lombard General Insurance, ICICI Prudential Life Insurance, Reliance General Insurance, and Royal Sundaram General Insurance have tied up with atom technologies for its payments platform. This service is initially available on atom's IVR platfo...

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Insurance companies go mobile with Atom -ciol.com
02 April, 2009

Atom technologies, a mobile-payment service provider, had tied-up with insurance companies, including Apollo DKV, ICICI Lombard General Insurance, ICICI Prudential Life Insurance, Reliance General Insurance, Royal Sundaram General Insurance etc, for its atom payments platform.  This service wou...

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Leading insurance companies put their trust on the atom's payment platform - jijomurali.blogspot.com
02 April, 2009

Atom technologies, a leading mobile-payment service provider has tied-up with major insurance companies including Apollo DKV, ICICI Lombard General Insurance, ICICI Prudential Life Insurance, Reliance General Insurance, and Royal Sundaram General Insurance etc for its atom payments platform. This se...

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Get Instant Family Health Insurance Online from Royal Sundaram site - Business Standard
02 April, 2009

Royal Sundaram has announced the launch of Family Health Insurance Online, a comprehensive health insurance policy designed to protect the insured and his/ her family. Customers can simply log into Royal Sundaram's Online "InstaBuy" facility and get instant coverage for themselves and their family m...

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Royal Sundaram launches family health insurance
02 April, 2009

Royal Sundaram today announced the launch of Family Health Insurance Online, a comprehensive health insurance policy designed to protect the insured and his/her family. Customers could simply log into Royal Sundaram's Online "InstaBuy" facility and get instant coverage for themselves and their famil...

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Royal Sundaram launches family health insurance - Chennaivision.com
02 April, 2009

Royal Sundaram today announced the launch of Family Health Insurance Online, a comprehensive health insurance policy designed to protect the insured and his/her family. Customers could simply log into Royal Sundaram's Online "InstaBuy" facility and get instant coverage for themselves and their famil...

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Atom tech inks pact with insurance companies - India Infoline News Service / Mumbai
02 April, 2009

This service offers the convenience to their customer for making premium payments in a hassle free and time saving manner just by using phone and their credit cards. Atom technologies, a leading mobile-payment service provider has tied-up with major insurance companies including Apollo DKV, I...

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Royal Sundaram launches family health insurance - webindia123.com
01 April, 2009

Royal Sundaram today announced the launch of Family Health Insurance Online, a comprehensive health insurance policy designed to protect the insured and his/her family. Customers could simply log into Royal Sundaram''s Online "InstaBuy" facility and get instant coverage for themselves and their fami...

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Royal Sundaram launches family health insurance - Times E-Paper
01 April, 2009

Royal Sundaram today announced the launch of Family Health Insurance Online, a comprehensive health insurance policy designed to protect the insured and his/her family. Customers could simply log into Royal Sundaram's Online "InstaBuy" facility and get instant coverage for themselves and their famil...

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National Insurance chalking out Nano insurance scheme - Silicaon India.com
27 March, 2009

State-owned non-life insurance company National Insurance, which tied up with Tata Motors two months ago, expects the comprehensive insurance premium for the auto major's small car Nano to be around Rs.3,000-Rs.4,000 a year initially, a top company official said here Wednesday. "If we provide the...

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NIC looks to boost motor insurance biz - The Hindu Business Line
26 March, 2009

NIC looks to boost motor insurance biz To extend cover for Tatas' Nano; unveils new logo. The National Insurance Company Ltd is hoping to boost its slackening motor insurance business in 2009-10 through a distribution tie-up with Tata Motors for extending insurance cover for Nano.Along with Unit...

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RSA Asia & Middle East posts 43% premium growth - Zawya.com
09 March, 2009

Dubai, United Arab Emirates,The RSA Asia & Middle EastRSA Asia & Middle East region announced a strong set of year-end results for 2008, reporting a profitable growth of 43 per cent (30 per cent on constant exchange) in premiums compared to 2007. Commenting on the full year results, Scott Pi...

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RSA Asia and Middle East posts 43% premium growth in 2008
09 March, 2009

Commenting on the full year results, Scott Pickering, CEO Asia and Middle East said,These are a tremendous set of results and demonstrate the positive impact of our continued focus on delivery and sustainable profitable performance. The results have been led by the Middle East operations which deliv...

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Retail reality - The Financial Express
09 March, 2009

Not very long ago, the word 'insurance' in India was synonymous with the ubiquitous life insurance agent, tirelessly pursuing all and sundry with his insurance policies armed with his never-say-die attitude. The general insurance scene was dominated by the four stars - New India Assurance Company Lt...

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Higher Deductibles to Boost Insurers
25 February, 2009

Policyholders may have to start paying more to make insurance claims, given that general insurance companies are looking to increase deductibles. A number of big players in the general insurance industry have sought approval from the Insurance Regulatory and Development Authority (IRDA) in this rega...

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Don't bank on your employer's health cover alone
24 February, 2009

It is always good to have a health insurance policy provided by your employer. Anyway it doesn't cost you anything, and may also cover your family Choose an insurance broker members, apart from giving you protection from health risks.  However, even if you are covered under group health ...

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Tata Motors ties up with 3 insurers to cover vehicles
17 February, 2009

Tata Motors has tied up with United India Insurance, National Insurance Company and Royal Sundaram Insurance for extending motor insurance cover to its customers through a single-window facility. The project was launched on a pilot basis in three cities - Kolkata, Bangalore and Mumbai - on February ...

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'Profitability remains the biggest challenge' - DNA INDIA
13 February, 2009

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...

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We have engaged service providers not only for claim assessment but also to play a proactive role to facilitate the claim process
Asia Insurance Post - 04 February, 2009

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 highlig...

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It is time that IRDA and Indian non - life industry review and looks at alternate risk financing
01 January, 2009

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 un...

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It is time that IRDA and Indian non - life industry review and looks at alternate risk financing
01 January, 2009

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 ...

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LiveMint: Connect to Personal Finance - A few important tips on better financial planning
28 December, 2008

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 wh...

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Your credit card could cover you from terror attack
10 December, 2008

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 insu...

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Live Mint: Medical emergencies or flight inconvenience could spoil your holiday or disrupt your studies abroad. Make sure you have travel insurance before you board the flight
08 December, 2008

It's that time of the year again. With holidays round the corner, most families will find themselves planning trips in India and abroad. Students, meanwhile, will be negotiating with foreign universities, with their session beginning early next year. But before you pack your bags, ensure that you...

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Business world: Will persistent terrorism dent India's economy
05 December, 2008

We asked.. Ajay Bimbhet, MD, Royal Sundaram Alliance Insurance; Ishan Raina, CEO, OOH India; Madan Sabnavis, chief economist, National Commodity & Derivatives Exchange ; Mahesh Chauhan, president, Rediffusion DY&R; Manoj Vohra, India director - research, Economist Intelligence Unit (EIU); Mo...

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Live Mint: Cars fitted with anti-theft devices attract lower premium
02 December, 2008

I recently fixed a GPS device in my car that would allow one to locate it in case it is stolen. I understand some rebate on the premium is available on motor insurance for such devices. How much rebate can I get? I paid the premium before installing this device. Can I claim the rebate on premium alr...

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Live Mint: It is not advisable to club different medical insurance policies into one
31 October, 2008

It is not advisable to shift the insurance policies under one policy with a new insurer since there might a risk of losing all the continuity benefits under the existing policies

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Micro Insurance India Microinsurance Products
The Economic Times - 22 September, 2008

MICROCAPITAL STORY: Commercial Insurance Companies Partner, including TATA AIG Life and Royal Sundaram, with Microfinance Institutions (MFIs) such as SKS India and Basix to Provide Microinsurance to the Rural Poor in India. The Economic Times recently reported on the growing trend of partners...

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In future, even the car colour could determine the premium
Live Mint - 22 September, 2008

What are the new changes being proposed in the insurance of motor vehicles? I understand even the colour of the car will determine the premium. Is this true? As of today, the present tariffs and policy wordings have not given insurers scope for modifications in the product. In the future, ...

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Royal Sundaram launches 2 online insurance packages
Money Control - 12 September, 2008

Royal Sundaram Alliance Insurance Company Limited has launched Health Shield Online and Travel Shield Online, two online comprehensive insurance packages for the Indian customer, providing complete protection against health and travel related risks. The online policies are in addition to Hospital Ca...

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Royal Sundaram's Health Shield & Travel Shield go online
The Asia Insurance post - 12 September, 2008

Royal Sundaram Alliance Insurance Company has launched Health Shield Online and Travel Shield Online, two online comprehensive insurance packages for the Indian customer, providing complete protection against health and travel related risks. The online policies are in addition to Hospital Cash Onlin...

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2 instant insurance packages from Royal Sundaram
12 September, 2008

Royal Sundaram Alliance Insurance Company Ltd has launched Health Shield Online and Travel Shield Online, two online insurance packages for the Indian customer. The online policies are in addition to Hospital Cash Online, Accident Shield Online, Home Shield Online and Home Content Online policies. T...

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Royal Sundaram launches two online insurance packages
India Infoline - 11 September, 2008

The online policies are in addition to Hospital Cash Online, Accident Shield Online, Home Shield Online and Home Content Online. Royal Sundaram Alliance Insurance Company Limited has launched Health Shield Online and Travel Shield Online, two online comprehensive insurance packages for the In...

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Business People
The Asian Age - 08 September, 2008

Ramkumar Krishnamachari has been appointed chief financial officer at Royal Sundaram Alliance Insurance company Limited. Mr. Krishnamachari brings on board 17 years national and global experience in finance and accounting. Mr. Krishnamachari earlier worked overseas for Reuters and KPMG consulting in...

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A cover for all reasons. If you think all insurance policies are basic and boring, here are some wacky ones.
Mint - 08 September, 2008

If you sit back and think about the "normal" kinds of insurance people have, you can probably only think of a few. If you're fortunate, you will have insurance for covering your life, health, car, home and, maybe, one or two more. Most people don't know it, but you can get insurance on some pretty s...

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Cover story of general insurance products
The Economic Times - 07 September, 2008

Hurricane Mitch. The Asian tsunami. Gujarat and Pakistan earthquakes. The Mumbai deluge. And now the Bihar floods. True, despite mankind's best efforts to make the world a better place to live in, there's little escape from nature's fury which sometimes not only leaves thousands dead but renders mil...

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Royal Sundaram appoints new CFO
Business Standard - 06 September, 2008

Royal Sundaram Alliance Insurance company has announced the appointment of Ramkumar Krishnamachari as the Chief Financial Officer. Krishnamachari comes on board with 17 years national and global experience in finance and accounting. In his earlier roles, Krishnamachari was the CFO at First Indian Co...

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RSA appoints CFO
The Financial Express - 06 September, 2008

Royal Sundaram Alliance Insurance announced the appointment of Ramkumar Krishnamachari as chief financial officer. Ramkumar comes on board with 17 years national and global experience in Finance and accounting.

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Royal Sundaram appoints new CFO
Business Standard - 06 September, 2008

Royal Sundaram Alliance Insurance company has announced the appointment of Ramkumar Krishnamachari as the Chief Financial Officer. Krishnamachari comes on board with 17 years national and global experience in finance and accounting. In his earlier roles, Krishnamachari was the CFO at First Indian Co...

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Royal Sundaram appoints CFO
DNA Money - 05 September, 2008

Royal Sundaram Alliance Insurance Co Ltd announced the appointment of Ramkumar Krishnamachari as chief financial officer. Prior to the current appointment, Krishnamachari was the chief financial officer at First Indian Corporation, Reliance Capital and Morgan Stanley Advantage Services.

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A few health plans do cover alternative therapy
Live Mint - 03 September, 2008

Why don't health policies don't cover non-allopathic treatment?There are several Ayurvedic hospitals in the approved list of institutions of my third-party administrator (TPA). If I am not be able to file a claim for treatment availed in any one of them, what is the ...

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An ombudsman award is binding on the insurance company, and if you are not satisfied with his award, you can approach other forums such as consumer forums and courts
15 July, 2008

Royal Sundaram Alliance Insurance Company Limited has announced the appointment of Ramkumar Krishnamachari as the Chief Financial Officer. Ramkumar comes on board with 17 years national and global experience in Finance and Accounting. Speaking on the appointment, Managing Director Ajay Bimbhet, said...

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Travel insurance will pay for your lost baggage
01 July, 2008

It also covers baggage delays and late flights, and pays for hijack distress, besides a host of medical expenses when you're abroad. This has reference to your response to a query on travel insurance. Apart from medical insurance, is there anything that will cover...

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It is better to buy both health and accident plans
17 June, 2008

A health plan only covers hospitalization costs due to illness or accident, while accident insurance covers disability or death resulting from a mishap. My agent advises me to take accident insurance although my health plan covers mishaps. Does it make sense? ...

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TPAs settle insurance claims more efficiently
09 June, 2008

Insurers engage third party administrators to control costs and reduce turn around time; TPAs also offer specialzed services such as ambulance referral, surgeon/specialist referral. Why can't my insurer settle my claim directly with me? Why do I have to approa...

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Royal Sundaram bets on customised plans
15 May, 2008

Like most general insurers, Royal Sundaram Alliance Insurance (RSA) too has witnessed a slowdown in growth of premium income in the detariff regime.  To get back, the company is planning to offer differential pricing and policies to customers. The focus this year will be on the growth of person...

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Vibrant car colour? Get ready to shell out higher premium on cover
Times Of India - 11 May, 2008

The choice of red colour for your dream car may match your vibrant personality, but you may end up paying higher premium for it due to the poor visibility factor.  Insurers say vehicles with colours like beige, red and blue induce poor visibility during night and are hence, prone to a higher ra...

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General Insurance industry logs 12.5 pc growth
05 May, 2008

The general insurance industry grew 12.53 per cent in 2007-08 with robust performance by private players, including Reliance General which continues to be the fastest growing insurer. The 13 non-life insurers collected Rs 28,131 crore in premium in FY''''08, against Rs 24,998 crore collected in the ...

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Seeing a market, banks give the pullers a push
16 April, 2008

Seeing a market, banks give the pullers a push The design replaces traditional wooden frames with hollow iron pipes to make the three-wheeler both sturdier and lighter, adding more luggage and leg space as well On a bank's radar, Dinanath Patel is but a blip-potentially, a big blip. For ba...

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The Cashless Road, Less Travelled
16 March, 2008

The best things in the world are free, said Kareena Kapoor's character, Geet, in Jab We Met. However, in an immediate afterthought, she realized how even buying a bottle of water can be impossible without some ready cash. Apart from being a delightful film, this film is interesting for the way ...

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CASHING IN ON CASHLESS HEALTHCARE
09 March, 2008

When 38-year-old Santosh Balan, a senior private sector executive, was faced with a medical emergency concerning his wife, settling the hospital bill was the least of his concerns he had the necessary medical cover. But an overlooked lapse in procedure almost cost him a tidy sum. At the time of disc...

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Insurers demand higher tax exemptions in budget
26 February, 2008

The fast growing domestic insurance industry, in its wish-list for the forthcoming Budget, has pushed forward demands for higher level tax exemption for long term savings, health insurance, rural business, and hiking the foreign direct investment (FDI) limit to 49% from 26%. US Roy, managing directo...

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INSURERS SEEK SEPARATE TAX SOPS FOR LONG-TERM SAVINGS
20 February, 2008

A separate tax relief for long-term savings, incentives for health insurance and greater enablement of investments in infrastructure top the wish list of insurance industry for the Union Budget 2008-09. At present the Rs 1 lakh exemption under Section 80 C also includes short-term saving instrume...

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Unshackle insurance industry, aim for long-term development
20 February, 2008

The general insurance sector size is estimated to be around Rs30,000 crore and is growing at a rate of 15% per year. The industry cannot grow to the levels that have been forecast without an infusion of additional capital. This is only possible if higher FDI is permitted. This will unshackle the ins...

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Royal & Sun Alliance weathers the insurance storm
02 February, 2008

Royal & SunAlliance, the UK's second-largest insurer, has increased full-year profits from £649m to £670m pre-tax, despite a £120m bill for last summer''''''''s flooding.The latest news and analysis from the insurance and pensions industry. The group's combined operating ratio ...

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Social responsibility and core business should be related
Financial Express - 05 August, 2007

Corporate social responsibility (CSR) has emerged as a significant theme in the global community and has become a mainstream activity for many corporates. For us, it has become an integral part of our strategy in running our business. Whether the issues pertain to the environment, product safety ...

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RSA takes motorway to growth in India
Economic Times - Mumbai - 03 August, 2007

RSA is present in the country through Royal Sundaram Alliance, its joint venture with Sundaram Finance. British insurer Royal & SunAlliance (RSA) sees motor insurance driving its growth in India. RSA is present in the country through Royal Sundaram ...

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Bimbhet is Royal Sundaram MD
Business Line - 02 August, 2007

Royal Sundaram Alliance Insurance Company today announced that Mr Ajay Bimbhet would be joining as its Managing Director. The necessary approval from IRDA has been received. The move follows the current Managing Director Mr Antony Jacobs appointment as the Regional Finance Director - Asia & West...

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More premium cuts likely in fire, workmens compensation
Business Line - 14 July, 2007

"Due to competitive pressures there would surely be a further price cut in the new premiums. However, in the long run, prices for these segments are likely to move up and stabilise as the industry matures."   Phalguna Jandhyala New Delhi, July 13 The non-life insurance sector could see a...

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Royal & Sun bullish on India
Business Standard - Mumbai - 08 July, 2007

United Kingdoms second largest insurer, Royal & SunAlliance Group (R&SA) is bullish on India. It expects the share of its Indian presence to rise four-fold to 40 per cent of total income from its operations in emerging markets by 2010. The foreign insurer is present in India as a promoter...

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Shortcomings galore in Motor Vehicles Amendment Bill: Experts
Business Line - 25 June, 2007

Chennai June 24 - It is well known that insurance companies pay a lot more in claims settlement than the premium they collect for `motor third party, because the law, more or less, has made it mandatory for the insurer to pay the person hit by an insured motor vehicle.   In 2006-07, insura...

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Detariff prices to stabilise in 2 yrs
DNA - 08 June, 2007

Antony Jacob, managing director, Royal Sundaram Alliance Insurance Company (RSA) has been one of the longest serving managing directors of a private general insurance company in India, since the late 90s. In an interview with Nandini Goswami, Jacob, who moves over as Royal & SunAlliance''s regio...

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High Expenses, Claims stopping us from making underwriting profit
The Hindu - Business Line - 24 May, 2007

Antony Jacob lays down the reins of Royal Sundaram shortly, to take up a new assignment with Royal & Sun Alliance Insurance Group.  Having shepherded the joint venture between Royal Sun Alliance and Sundaram Finance since inception, he takes some pride in leaving on a relatively ...

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Royal Sundaram eyes 30% rise in premium in FY08
Business Standard - 22 May, 2007

The first year of detariffing does not seem to be a great concern for Antony Jacob, Managing Director, Royal Sundaram Alliance Insurance Company Ltd. For, during the fiscal 2008 too, the company is targeting a 30 per cent increase in premium income at Rs 775 crore, as against Rs 601 crore during 200...

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Royal Sundaram net profit zooms 144%
Business Line - 15 May, 2007

Royal Sundaram Alliance Insurance Company Limited has reported 144 per cent growth in net profit to Rs 21 crore during its seventh year of operations ended March 31. The company earned premium income of Rs.600.58 crore, a growth of 30 per cent over the previous year. Personal insurance accounted...

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Royal Sundaram premium income up 30 p.c
The Hindu - 15 May, 2007

Royal Sundaram Alliance Insurance Company Limited has reported a 168 per cent growth in profit before tax for the year ended March 2007 at Rs.27.18 crore, up from Rs. 10.16 crore in the preceding year.  This performance, based on a 30 per cent growth in revenues, results in a 16 per cent pos...

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Royal Sundaram Alliance Insurance net Spurts 146%
The Economic Times - 15 May, 2007

Royal Sundaram Alliance Insurance Company, a non-life JV of Sundaram finance and Royal & SunAlliance, has reported a 168% spurt in profit before tax at Rs.27.18 crore in the year ending March 07, against Rs, 10.16 Crore in the previous year. The profit after tax went up by 146% to 21.1 crore. It...

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Royal Sundaram profit up 145 percent
Business Standard - 15 May, 2007

For the full year ended March 31, 2007, Royal Sundaram Alliance Insurance Company''s net profit rose to Rs. 21.18 crore against Rs 8.63 crore registered in 2005-06, a growth of 145.42 percent. Premium income rose to Rs 600.58 crore against Rs 460.85 crore in 2005-06, recording a growth of 30.32 p...

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Detariffing has triggered a new wave of price wars
Indian Express - 01 May, 2007

A liberal market with tightly controlled prices that was the perception of the general insurance industry in the country, until December last year. Then came detariffing. It was expected to give much-needed help to the industry, provide pricing flexibility and offer respite to public-sector insuranc...

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Expect more consumer friendly products
NDTVprofit.com - 28 March, 2007

The Indian insurance industry has witnessed an important milestone with the advent of the free tariff regime with effect from January 1, 2007. With this, the market has moved from an environment of tightly controlled tariffs to risk based premiums. Removal of Tariff controls is a natural way for any...

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Rs 1,000 gift voucher from FM with love
Outlook Money - 15 March, 2007

The Finance Minister was expected to announce some sweeping changes in taxation and tax structures. Sadly, Budget day was not the day for it. While he tweaked a little here and a little there on exemptions and deductions, no major changes were made to tax rates or tax slabs. However, he did promise ...

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Health insurance sector receives a boost
The Hindu - Business Line - 01 March, 2007

The health insurance sector has received a boost from the Union Budget. The tax deduction limit with respect to medical insurance premium under Section 80 D has now been increased from Rs 10,000 to Rs 15,000 and for senior citizens it has been enhanced from Rs 15,000 to Rs 20,000.

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BANKING, INSURANCE AND MARKET PARTICIPANTS REACTIONS
The Economic Times - Business Standard - 01 March, 2007

Shikha Sharma, managing director, ICICI Prudential Life Insurance - "The increase in the exemption limit for health insurance premium to Rs 15,000 to Rs 10,000 will benefit senior citizens since the cost of insurance rises with age. For instance a 60-year old might pay around twice what someone belo...

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Budget reaction - Antony Jacob, MD, Royal Sundaram Alliance Insurance
India Infoline News Service / Mumbai - 28 February, 2007

Health Insurance-increase of ceiling: We are pleased that the Government has taken into cognizance the need to increase the ceiling for tax benefits under Sec 80D for health insurance from the current Rs 10,000 premium to Rs 15,000 and Rs 20,000 for senior citizens. This will encourage more people t...

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Industry reacts to Budget 2006-07
Domainb.com - 28 February, 2007

Antony Jacob, Managing Director, Royal Sundaram Alliance.   We are pleased that the government has taken into cognizance the need to increase the ceiling for tax benefits under Sec 80D for health insurance from the current Rs10,000 premium to Rs15,000 and Rs20,000 for senior citizens. This ...

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Plea to raise cap on health cover tax benefits
The Hindu - Business Line - 27 February, 2007

Mr Antony Jacob, Managing Director, Royal Sundaram Alliance Insurance Company hopes that the promised comprehensive Insurance Reforms Bill will happen soon.  "Foreign direct investment needs to be increased to 49 per cent. This will allow for capital inflow into the insurance industry and wi...

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Specialised Insurers in the making
Business Standard - 26 February, 2007

Under the tariff era till last year, underwriting was not the focus of insurance companies as tariffs ensured profitability. Detariffing has brought in sharp focus the core value of underwriting to non-life companies. This may push insurers towards areas of specialisation based on the forei...

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General insurance gets more segmented
DNA Money - 06 February, 2007

The sense of aggression in the detariffed general insurance market is palpable. A trend of market segmentation is beginning to emerge as competition among the eight private insurers and four nationalised players is hotting up fiercely. While the overall growth is expected to decline significantly...

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Antony Jacob appointed Regional Finance Director Royal & SunAlliance, Asia & Middle East
India Info Online - 31 January, 2007

Antony Jacob, currently CEO, Royal Sundaram, India has been appointed as Regional Finance Director - Asia & Middle East, Royal & SunAlliance Insurance Group. In his new overseas appointment, Antony will be based in Dubai and will continue to remain involved with the Indian business as a Non-...

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Royal & SunAlliance expects Indian mart to double in 5 yrs
The Economic Times - 31 January, 2007

India is turning out to a crucial market for UK insurer Royal & SunAlliance with premium from India accounting for almost 25 percent of Asia & Middle East''s gross written premium for Royal & SunAlliance. The group expects the Indian market to double again in the next five years substant...

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General Insurance Biz to double in 4 years - Mr. Antony Jacob's address to the members of the ET Club at the Dept. of Management Studies, Tagore Engineering College in Chennai
The Economic Times - 22 November, 2006

General Insurance market in India is likely to double in the next four years to about Rs.40,000 crore of premium income by 2010, in a repeat performance of what happened during the last five years. Total premium income reported by general insurers in the country increa...

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Insurance Industry - Maturing Progressively
IRDA Journal - Article by Antony Jacob, Managing Director - 17 November, 2006

The Indian Insurance Industry has demonstrated robust growth ever since the liberalisation of the sector. With privatisation of the sector insurance penetration has moved up to around 0.7 per cent over last six years. And now with the removal of tariff, a new chapter is set to commence for the in...

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Open Vistas - Article on Detariffing of General Insurance by Antony Jacob, Managing Director
The Economic Times - 08 November, 2006

The past 6 years have seen a transformational change in the General Insurance industry in India. Since the first private companies were licensed in 2000, the insurance market premium has grown at the rate of 15% per annum and will have doubled in size by the end of this year. The opening up of th...

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Royal Sundaram Insurance looks to scale up operations
The Economic Times - 02 November, 2006

Royal Sundaram Alliance Insurance, a joint venture of Sundaram Finance and Royal & SunAllinace, is bullish on scaling up operations with the non-life insurance industry recording a robust growth this year. It is hoping to book a net profit of Rs.20 Crore in 2006-07 and a premium income of Rs....

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We are ready for free pricing regime - Q&A Antony Jacob
Deccan Chronicle - 28 October, 2006

The general insurance industry is scheduled to be de-tariffed from January 2007. How will the de-tariffing impact customers? As of now, the tariff of almost 70 % of general insurance products is decided by the Tariff Advisory Committee. This will end on January 1, 2007, when a de-tariffed regime ...

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Asia Insurance Post - August 2006
Asia Insurance Post - Cover Story - Antony Jacob - 31 August, 2006

On the opportunities on retail insurance front in India: India has a huge retail market. In the current market scenario, Retail is becoming the buzz. Today, we see more and more people with higher disposable incomes. There is increased spending on personal as...

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Private Insurers Gear-up for Detariffing
Business Standard, Chennai - 01 August, 2006

Private insurance companies are leaving no stones unturned to compete with their public sector counterparts. These firms have set up dedicated teams of underwriters and are tapping the expertise of their foreign partners to price the policies depending on the risk profile (to be detariffed) in th...

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Cover of Care
The Economic Times - 01 March, 2006

Broken leg? Chicken pox? Well, whatever it is, you can get back from hospital in the pink of health with your pockets not lighter even by a penny. Whether it is your local nursing home or a five-star hospital, the dream of getting cashless treatment seems to be taking off if you have paid a premium ...

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Maruti Insurance - RSA landmark
The Economic Times - Chennai Edition - 25 February, 2006

Maruti Insurance & Royal Sundaram Alliance Insurance on Friday marked the sale of one lakh motor insurance policies across 80 dealers in the country. Under the branded partnership, Maruti Insurance has already registered over two million car insurance policies with its four alliance partners. RS...

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Citibank & Royal Sundaram launch the Royal Sundaram Citibank credit card
News - 26 January, 2006

Citibank and Royal Sundaram Alliance Insurance Company Ltd, today announced the launch of the Royal Sundaram Citibank credit card, a unique, complete solution for health and general insurance needs- motor, household and travel. Launched in association with Visa International, the Royal Sundaram Citi...

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Royal Sundaram takes Rs 9 cr hit due to floods
Business Line - 12 January, 2006

Royal Sundaram General Insurance Company hopes to mop up Rs 450 crore of new business premium by the end of the current fiscal, up from Rs 331 crore in the previous year. Mr Antony Jacob, Managing Director, Royal Sundaram Alliance Insurance Company, announcing the launch of the Royal Sund...

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Rest Insured
Business Line - 03 January, 2006

Article In the four years since the insurance sector was opened up to private players, premium earned is not the only criterion to measure the benefits of liberalisation. From being a monopoly till 2000, three private life insurance companies-Birla Sun Li...

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Mumbai claims to be around Rs 50 crore: Royal Sundaram Insurance
Economic Times - 31 December, 2005

Place : Mumbai Royal Sundaram Alliance Insurance expects the total claims arising out of the Mumbai rains to be Rs 30-50 crore. However, the net impact is expected to be limited, thanks to reinsurance and risk management measures, a senior official said. Antony Jacob, MD, Royal Su...

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Royal Sundaram sees 40% growth
Financial Express - 31 December, 2005

Place : Chennai Buoyed by the increasing demand from the motor, property, fire and health insurance products, non-life insurance company Royal Sundaram Alliance Insurance Ltd is looking at a healthy growth of around 40% during the current fiscal as against 28% during 2004 fiscal. ...

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BNP PARIBAS TO ACQUIRE 49.9 PERT CENT IN SUNDARAM AMC
The Economic Times/The Financial Express/Business Standard/The Hindu Business Line/The Financial Express/The Pioneer - 31 December, 2005

Place : Chennai/Mumbai European banking and financial services major BNP Paribas is to pick up 49.9% stake in Sundaram Asset Management (Sundaram AMC) for Rs 100.4 crore from Sundaram Finance (SF). The joint venture would be named `Sundaram BNP Paribas Asset Management'' and the t...

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AUDATEX'S ONLINE SOLUTION FOR INSURANCE CLAIMS
The Hindu / The Hindu Business Line / Business Standard - 31 December, 2005

Place : New Delhi Promising fast processing of vehicle insurance claims, Audatex, a division of the $8.5 billion ADP group of the U.S., on Tuesday introduced computerised online processing of passenger car claims for the Indian market. Insurance companies Bajaj Allianz and Tata AIG have a...

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Royal Sundaram non-life venture goes on stream
BS Bureau - 31 December, 2005

Royal Sundaram Insurance Company, a non-life insurance joint venture between Sundaram Finance Ltd and international insurance group Royal & SunAlliance Plc, on Tuesday started operations in the city. The initial capital base of the company is Rs 1.01 billion. Royal & SunAlliance hold...

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Detariffing Challenges - Antony Jacob
The Financial Express - 10 October, 2005

The abolition of tariffs from the general insurance market would lead to the Indian market achieving global standards in underwriting and risk management besides encouraging innovation. The insured would have options to obtain international contract wordings and tailor made risk solutions. ...

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Lead From The Heart - Antony Jacob, Managing Director, Royal Sundaram Alliance Insurance Company
Leadership Secrets - Business Today - 07 October, 2004

The common factor in the many effective styles of leadership lies in meeting and overcoming challenges. Strong challenges produce the best results, and to achieve and exceed goals in a competitive environment, the philosophy of "anything is possible" must be embedded in the organizational culture...

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