In its bid to increase the size of business to more than Rs 6,000 crore in the current year over last year, SBI Life Insurance, the life insurance arm of State Bank of India, has initiated several steps. These comprise, among others, creating more zones, delegating more authority to each zonal head and broad-basing the incentive mechanism for distribution of products through the banking channel. The mirco-insurance products, especially for self-help groups too, will be prepared within the next few month.The number of zones had been increased to eight from four. The east zone now included West Bengal, North-East and Andaman & Nicobar Islands. Earlier, Orissa, Bihar and Jharkhand were under the east zone. Orissa has now been tagged to Andhra Pradesh while Bihar and Jharkhand to Uttar Pradesh. Since the banking channel accounted for 55 per cent of SBI Life''s total business, it was imperative that those active in the channel were suitably rewarded to make them responsive to the current market dynamics. SBI Life has noted that predominant growth areas were not necessarily the metros.
Wednesday, August 15, 2007
Monday, August 13, 2007
Apollo Hospitals Group-DKV AG launches health insurance co
In its continuing endeavor to make healthcare accessible to the people of India, The Apollo Hospitals Group in a joint venture with DKV AG, Europes largest private health insurer (Deutsche Krankenversicherung AG) announced today the formal launch of its health insurance company Apollo DKV Insurance Company Limited (Apollo DKV) which is all set to redefine the health insurance sector in India. The new company with its unique brand positioning of Lets Stay Healthy will strive to offer customers with uninterrupted health at all times by adopting a preventive approach to facilitate better health for all. The brand identity of Apollo DKV will be unveiled at the official launch scheduled in the evening by the Honble Union Minister of Finance Shri P Chidambaram in the presence of German Ambassador of India, Mr. Bernd Mutzelburg as the guest of Honour, Chairman IRDA Shri C S Rao, Dr. Prathap C Reddy, Chairman, The Apollo Hospital Group and Dr. Nikolaus von Bomhard, Chairman, Munich Re Group. The brand identity resonates to the Lets stay healthy theme by depicting a joyful and healthy man. The vibrant multicolor logo emphasizes vitality and the innovative nature of the brand. Commenting on this exciting new venture, Dr. Prathap C. Reddy, Chairman Apollo Hospitals said, For us it is yet another milestone in a journey that began almost 25 years ago to make health care in India available, accessible and affordable to every individual no matter where ever he or she resides. For us, it is yet another enduring example in creating a healthy India. We, at Apollo DKV Insurance, will make enormous efforts to replicate the sense of commitment with which Apollo has served the country for the past 25 years. For me, personally, this is an auspicious day because in this venture, I see the hope of creating a nation that can achieve comprehensive healthcare for all its citizens.
IRDA to check mis-selling of Ulips by agents
Insurance agents of all life insurance companies selling unit linked insurance plans (Ulips) will now display rate of returns ranging between 6 and 10 per cent to customers. Last month, the Life Insurance Council, (a self-regulatory body of representatives of all life insurance companies) accorded to project returns for Ulips at a rate between 6 per cent and 10 per cent. Ulips are investment plans similar to mutual funds. The premium minus the charges (mainly expenses incurred by an insurance company) is infused in a fund of the choice of the policyholder. Ulip returns are dependent on the performance of the fund chosen, which, in turn, depends on the performance of the stock market. It is felt that agents push Ulips more simply because they get a higher commission, even up to 35 per cent in the first year against only 20 per cent for traditional products. Also, the risk in a Ulip is borne by the policyholder and not the insurance company.
Every time a customer alters the sum insured, policy term, or the riders, a fresh illustration will have to be generated from the main office and taken to the customer for signature. The policy pack that is given to the customer contains a specific illustration. Irda is also considering taking several measures to curb the wrong methods being used in selling Ulips. Irda said, that they are examining several measures to curb the mis-selling of Ulips, such as the possibility of lowering the agents commission for Ulips, the agent filing with the insurer, as part of the policy document, a list of items which he has disclosed to the customer, and the customer attesting that he has fully understood the implication of his investment decision.
Every time a customer alters the sum insured, policy term, or the riders, a fresh illustration will have to be generated from the main office and taken to the customer for signature. The policy pack that is given to the customer contains a specific illustration. Irda is also considering taking several measures to curb the wrong methods being used in selling Ulips. Irda said, that they are examining several measures to curb the mis-selling of Ulips, such as the possibility of lowering the agents commission for Ulips, the agent filing with the insurer, as part of the policy document, a list of items which he has disclosed to the customer, and the customer attesting that he has fully understood the implication of his investment decision.
Friday, August 3, 2007
Summer Visitations for Non-Custodial Parents
How do you create balance when the bulk of your visitation time takes place over summer vacation? How do you maximize your time together, and also make sure that each of you has down time? That you do "regular" things together, like chores and grocery shopping, in addition to the fun stuff you can't wait to share?
Summer vacation may be the highlight of your year; yet, it's rarely carefree for moms and dads who are trying to cram 12 months of togetherness into one. If you're looking for some guidance in this particular area, I'd recommend reading Wayne Parker's article titled "Planning for a Successful Summer Visitation." Wayne is the About.com Guide to Fatherhood, and he has some excellent suggestions for how dads - and moms who are non-custodial parents - can create summer visits that aren't just great fun, but are also a part of building a strong and lasting connection with each of your children.
Source: http://singleparents.about.com
Summer vacation may be the highlight of your year; yet, it's rarely carefree for moms and dads who are trying to cram 12 months of togetherness into one. If you're looking for some guidance in this particular area, I'd recommend reading Wayne Parker's article titled "Planning for a Successful Summer Visitation." Wayne is the About.com Guide to Fatherhood, and he has some excellent suggestions for how dads - and moms who are non-custodial parents - can create summer visits that aren't just great fun, but are also a part of building a strong and lasting connection with each of your children.
Source: http://singleparents.about.com
Wednesday, July 11, 2007
Franchising Opportunities Await
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Work from home opportunities
Every time on the Net you are exposed to a variety of work from home opportunities. You are promised to get paid serious money with very little effort. And some of them actually works. Not without some work though.
How are you supposed to know which ones are genuine? Below are some tips and tricks listed to help you separate legit work at home jobs from scams.
Before you sign up, do a research. Search for reports/reviews on the business you are interested in. People who have been lured into a scam will happily share their bad experience. The majority of the review opinions must be positive, you don't need to worry about one or two bad reviews. However, if the main opinion is that the business is nearly impossible to make profitable, it's time to move on to the next idea on your list.
Does the company offer a money back guarantee? To be considered as a genuine small business opportunity a money back guarantee must be offered. If it isn't, there may be a reason for it.
Can you see contact addresses properly displayed? If it is a legitimate company, you should be able to find contact information easy available. If the information is not present, well why do they want to hide? Sure you can always track website contact information, that's not the point, the company have already showed you they are not trustworthy.
Your instinct is your best friend. If you've a fishy feeling, even if your research didn't come up with anything bad, maybe the work from home opportunity you are considering isn't right for you. It might still be a legit business, but it's just not your thing. You need to be 100% convinced that "this is what you want to do", before you take the plunge.
A perfect business is not all about the money. To be able to enjoy your life, including the time you spend working your home business, is as important.
To start a real profitable work from home business will not come for free. You'll have to invest time, effort and some money. Luckily web based jobs/businesses does not require a big budget to get started. If you choose to set up your own web site, your biggest post will be the cost of web hosting. If you want to try data entry work or paid surveys you might have to pay a fee to get access to some databases.
In your search for a work from home opportunity, be sensible, follow your gut instinct and before you recognize it, you'll have started the next chapter of your life.
How are you supposed to know which ones are genuine? Below are some tips and tricks listed to help you separate legit work at home jobs from scams.
Before you sign up, do a research. Search for reports/reviews on the business you are interested in. People who have been lured into a scam will happily share their bad experience. The majority of the review opinions must be positive, you don't need to worry about one or two bad reviews. However, if the main opinion is that the business is nearly impossible to make profitable, it's time to move on to the next idea on your list.
Does the company offer a money back guarantee? To be considered as a genuine small business opportunity a money back guarantee must be offered. If it isn't, there may be a reason for it.
Can you see contact addresses properly displayed? If it is a legitimate company, you should be able to find contact information easy available. If the information is not present, well why do they want to hide? Sure you can always track website contact information, that's not the point, the company have already showed you they are not trustworthy.
Your instinct is your best friend. If you've a fishy feeling, even if your research didn't come up with anything bad, maybe the work from home opportunity you are considering isn't right for you. It might still be a legit business, but it's just not your thing. You need to be 100% convinced that "this is what you want to do", before you take the plunge.
A perfect business is not all about the money. To be able to enjoy your life, including the time you spend working your home business, is as important.
To start a real profitable work from home business will not come for free. You'll have to invest time, effort and some money. Luckily web based jobs/businesses does not require a big budget to get started. If you choose to set up your own web site, your biggest post will be the cost of web hosting. If you want to try data entry work or paid surveys you might have to pay a fee to get access to some databases.
In your search for a work from home opportunity, be sensible, follow your gut instinct and before you recognize it, you'll have started the next chapter of your life.
Friday, July 6, 2007
Work from Home: free internet home business
Starting a free internet home business is the smart way to begin a small business that will surely grow into a vast empire and who knows that one day you would be the competitor to BILL GATES.
If you are looking for a legitimate work at home jobs, the toughest part would be to know how to begin. While looking for a legitimate work you may come across scams which are all over the Internet. Few things have to be kept under consideration while you are looking for a scam less free jobs at home.
Legitimate work at home job opportunities, are only the FREE work at home jobs. Work at home jobs and opportunities should not require any money investment. The only cost should be your time and effort. For this kind of a job there is no such alternative. You should never send any money not even if they tell you that there is a "30-day money back guarantee".
Legitimate work at home job opportunities, are only the FREE work at home jobs. Work at home jobs and opportunities should not require any money investment. The only cost should be your time and effort. For this kind of a job there is no such alternative. You should never send any money not even if they tell you that there is a "30-day money back guarantee".
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