approaching gladiator i believe form insurance is for weaklings?
Question:
my leg needs amputated, i own cancer everywhere but refuse treatment even though i could afford to wage for operations...gladiator will titter when bush talks insurance tomorrow.articulate to you cowards later
Answer:
Like a gladiator . . . merely have a friend hack it sour with an axe, and cauterize it next to a bunch of hot tar.
Gladiators don't use antibiotics, any. Or painkillers. They just bite down on a stick.
Very unnatural question. Sounds resembling you need more hugs from you rmother.
I hope you live a long natural life and get shot on your 90th birthday by a controlling husband. Let us hear from you in the year of 2012.
Who are the best medicolegal providers within Australia ?
Question:
I am looking for a panel of doctors who can assist me with risk organization on personal injury insurance claims. I need doctors who are objective, balanced and reliable.
Answer:
I run Professional Opinions www.professionalopinions.com.a... We hold 230 medical specialists in adjectives disciplines around Australia. We have medical and official staff working in standard assurance. Our clients are the largest insurers and legal firms contained by the country. Please feel free to name us on 02-9252-6611. We are based contained by Australia Square.
Renter's insurance surrounded by Edmonton, Canada?
Question:
I'm looking for renter's insurance in Edmonton, Alberta, Canada and since I own never really had to buy and sell with that, I'm at a complete loss as to who would be the best to look at. I own a modest 2-bdrm apartment that is totally interesting in jargon of the number of collectibles I have (lost count of how abundant Bradford Exchange plates I have, lol, plus collectible Barbies, some bought as hasty as 1999), plus the computer and my cochlea implant equipment so it's forgivable that I'm looking for insurance, especially in a building that be rumored to have be built in the 1950's. Can anyone who lives contained by Canada, or Edmonton, Alberta, for that matter, recommend a obedient company? Especially one that's not too finiky about credit ratings (mine seriously sucks due to an outdated student loan that vanished, meaning get shifted from one agency to another until I no longer know where the hell it is).
Answer:
It depends on how you want to proceed. Your best bet is to speak with several brokers and discuss your wants with them. Take a look surrounded by the Yellow Pages or see if any of your family/friends can recommend someone. Brokers will be able to shop among several companies for you and hold extensive knowledge. Most highest banks provide insurance as well, and you may know how to get a quote online. However the agents you speak to (if you speak near anyone at all if you do it online) with the sole purpose sell the bank's product, and will hold knowledge surrounded by the bank's product and may or may not be able to answer more common questions. You may want to hold past its sell-by date this route until you become better informed. Keep in mind your deductible is probable to be $500, so you may want to discuss scheduling your more valuable collectibles. This will cost more, however the coverage is more broad plus any the deductible will not apply or a smaller deductible will apply.
Find a brokerage that deals near Wawanesa. Ask them about scheduling your collectables. They're an excellent Canadian base company and we do alot of our policies through them
What is Surplus Lines (insurance)?
Question:
Answer:
Surplus lines is coverage that must be purchased from a company that is not licensed by the state because it is not available through licensed companies. For example, surplus lines might be used when unusual coverage is needed but state-licensed companies cannot present the coverage because the state either restricts them from offering such coverage or restricts them from charging the rates that such coverage would cost.
Insurance that isn't state regulated.
it also one type of insurance
As have already been stated, surplus lines are insurance products that aren't regulated by the state.
For most types of insurance, within order to do business surrounded by a state, each company is required to specify contracts for specific product types and own them approved by the state.
Surplus lines are outside that process, usually because of the nature of the products offered. For instance, standard condition insurance policies sold within a state to citizens of that state would obligation to be approved by the state in examine; however, health insurance sold to non-US residents would not be regulated by the state (for blatant reasons.)
Each state regulates insurance companies that do business contained by their state. As long as they are licensed by the state, to sell insurance surrounded by that state, they are an "admitted" insurance company, subject to that state's rules & regulations.
Insurance companies who are NOT licensed by the state are NOT subject to that state's rules and regulations, and they are "non-admitted" carriers - also call surplus lines insurance. Because they aren't subject the state rules & regs, they are much more flexible with regard to what they can cover, BUT, there is usually a state "surplus lines tax" and "stamping fee" that you discharge, in PS to the policy premium, along with an inspection duty.
Surplus lines isn't necessarily bad - but it is a flag that say you have to be more painstaking than with an admit carrier.
Surplus Lines insurance are policies next to companies that are not admitted surrounded by the state which means that they don't hold to abide by the State's rules that other companies have to use. If they dance out of business, they are not covered by your State's guaranty fund, which will pay claims for an insurance company that become insolvent during your policy term. They can essentially cover & not cover what they want & charge anything they want. They can exclude coverage for things that admitted companies cannot, such as animal liability (dog bites), past its sell-by date premises liability on a homeowners policy, They also charge state tax and policy fees. Most of them are financially nouns (Lloyd's of London is one). They work with specialty brokers that contract in the surplus and excess flea market. Agents go to these market when they cannot find coverage in the standard open market. This may be due to claims history, condition of property, certain types of dogs, trampoline, frail wiring contained by house, etc. If your agent is telling you to catch coverage there, any try to change what is sending you within, or call around to see if another company will embezzle you with your current situation, different companies hold different guidelines for what they will take.
Property/casualty insurance coverage that isn’t available from insurers licensed contained by the state, called admit companies, and must be purchased from a non-admitted carrier. Examples include risks of an unusual character that require greater flexibility in policy expressions and conditions than exist in standard forms or where on earth the highest rates allowed by state regulators are considered not enough by admitted companies. Laws governing surplus lines come and go by state.
DO SURPLUS LINES ONLY EXIST IN STATES OR DO WE HAVE SOMETHING SIMILAR IN CANADA?
How do vigour insurance cap work?
Question:
I am needing a surgical procedure and my insurance have a $7500 lifetime cap on it. The surgery mostly can cost anywhere from 28k to over 40k depending on the surgeon. I know that physicians contract with insurance companies. Do hospitals do that as all right? How will I know what I will be billed personally after adjectives is said and done? Any help someone near this kind of experience can make a contribution me would be greatly appreciated!!
Answer:
yes, hospitals contract with insurance companies, also.
You can appointment the hospital, and ask them what the contracted amount is for that procedure, and ALSO ask them what the contracted additional charges are for anesthesia, day after day rate for the room, nursing care, etc. You should be capable of get a pretty apposite idea what the TOTAL cost is, to digit out how much is going to be over the $7500 lifetime cap.
You should also give the name the insurance company, to clarify that you haven't had it done since, so that you've got full access to teh entire $7500 - and see what other deductibles and copayments apply.
I'm sick and tired of settling my homeowners claim. Part have be compensated. Can I in recent times revoke the remaining division?
Question:
Answer:
Yes, you can tell the adjuster to close the directory, OR, you can call your AGENT, and let somebody know them what the problem is, and get THEM working on it. That's what your agent is in attendance for!!
surely no
Why would you want to tell that ins co beside all sorts of money that you don't want any more??
Have you spoken near your agent to find out just what the problem is?
I don't see why not.
I too don't read why you would want to pass up the symmetry of the money they owe you. I assume there must be a coverage dispute or some dispute concerning value of the claim.
With that one said, you may run into some problems with trying to drop the be a foil for of the claim. The company may not be able to do so depending on the law of your state. If they have made you an proposition you could just adopt that and close the file. If they can permit you close the file near no further payment I'm sure they will require something signed by you surrounded by case the State audits your record.
Good Luck
just adopt that and close the file. If they can consent to you close the file near no further payment
I only hold a nonspecific cross-question just about deductibles. When a long-suffering go?
Question:
out-of-network to see a non-contracted Doctor and the patient have to meet a deductible, can an insurance company apply their levy schedule rates to the deductible, no concern what the Doctor charged the patient, or does the insurance company hold to apply to the deductible what the Doctor charged the patient?
For example, if the doctor charges $90 for an organization visit, and the insurance company's out-of-network duty is $50, can the insurance company apply the $50 to the deductible or should they apply the $90?
Thank you for your help!
Answer:
When you see a non-contracted provider, the insurer will individual credit what it considers the "usual and customary rate" against your deductible. I've reviewed literally HUNDREDS of PPO/POS contracts and have even so to see even one that credits the entire charged amount against the insured's deductible.
So in the scenario you proposed, the insurer will apply $50. to your deductible, not $90. In turn, you are responsible for paying the doctor $90. and you still enjoy $50. remaining until you satisfy your deductible.
When you see a non-par provider, you will hold to pay up front; "Zippy's" answer is relevent to participating providers merely. A par provider shouldn't bill you up front; a non-par provider can do whatever he or she wishes to. A non-par provider may agree to send your claim to the insurer for you (they don't own to, since there's no contract with the insurer that they do so); some are nice almost it and wait to bill you until the insurer issues an EOB.
I'm rather confused, but I think you would pay cheque the $50 to the insurance on top of the deductible, i.e. deductible is $50, you earnings a total of $100 for the visit.
But I'd hold to know more about your one insurance and what their fees are.
Contracted rate gets applied to the deductible - that's why you should never salary up front before your insurance get billed.
OK, you have deductibles, and you hold CO PAYs. So if you have a $100 deductible, the $90 get charged against it. If you go see him again, you hold a $50 CO PAY, plus $10 more to pay to hit your deductible.
So if you look in the $90 a visit doctor twice, you clear $100 deductible, PLUS $50 copay, for those two visits, or a total of $150. If you look in a third time, you pay $50, as your deductible be met.
Whether I can return with reimbursement for Hernia surgery from Insurance Co?
Question:
My son aged 23 years having some pains problem his right underscended. At that time I took him Dr , Dr infm me to hold scan rt underscended Tests. After getting report I see the Dr, Dr examing the Report and advise me do a opeation immdly to your child. I asked what Operation, he infmed me Hernia Operation. Accordingly His counsel I do Hernia Operation my child , now he is fine and claim my medical expenses incurred for my child to an Insurance Company. The Insurance Company rejected my Claim stating that Hernia is Congenital External Disease as per policy clause it is not covered. I infm them as oer Policy Pre-Existing Diseaocean are covered. Kindly reimburse the same. The replied We hold discussed the same near panel doctors also .
As per our panel doctors Underscended Testes is CONGENITAL
i.e since birth which has cause hernia.
Pre -Existing diseases are covered but congenital external
diseases are not covered. They replied like this. Kindly advocate me in this .
Answer:
Whether a pre-existing condition is covered matter only if the policy would ever cover that condition. If your policy excluded congenital conditions, it make no difference whether it was pre-existing or not.
Your insurance doesn't cover congential conditions. time of year.
Appeal it to the state insurance department.
check the insurance documents - if it's specified that congenital diseases aren't covered and your doctors themselves have said hernia is a congenital disease, later I'm afraid it's not possible to carry reimbursed...
i should say u should better consult ur broad insurance agent... i cant suggest u as i am a life insurance agent.. the singular way i can suggest that if this disease be covered in ur policy check ur policy papers and u can walk to Ombudsman where u form the complaints or to the consumer forum
You should make the insurance for adjectives types of treatment including treatment due to any accidents also.Cove these--so that you will not facade any difficulties for getting reimbursement.
Congenital External? I don't know who your plan is with.. I be 45 when I was diagnosed near a congenital blood disorder which I passed to my children, both of whom are employed and have their own insurance coverage NONE of the insurance carrier (and they are all different) hold said a word about the CoaguCheck apparatus necessary for respectively of us to check our clotting factor. Each of our ins companies paid for respectively of us to haave one, and pay for the reorders on the audition strips. A different company handles prescriptions for me.. I don't know going on for them.. but the anticoagulatioon meds that we take is covered by insurance.. and a blood disorder is definatley an internal congenital condition.
I don't work out how an insurance company can say that a hernia repair can be EXTERNAL. If it be unknown to you, then it should be covered as an undiscovered medical disorder. If as you articulate, pre-existing coonditions are covered and you knew going on for it, then you still should enjoy covered.
You need to check your plan and conceivably go to the Appeal board of your company.
Good Luck
Do ebay shoppers enjoy any impression on how the shipping industry operate?
Question:
Why do idiots ask for a replacement or refund when they own not purchased insurance? "Thing just don't dissapear" They say aloud. Stuff is broken, stolen and lost every day. Wake up idiots and insure you purchases.
Answer:
No, they don't. And they don't apprehend how the USPS insurance works, either. But neither do most of the seller. USPS insurance doesn't cover "broken". So when I see sellers voice, "this is fragile, so you MUST buy insurance" I just growl.
Maternity underneath Blue Cross PPO?
Question:
My wife got pregnant, but we both enjoy Blue Cross PPO which doesn't cover maternity. We don't know where on earth to go for sustain? I was wonder if anybody have to deal near similar problem?
Answer:
I believe it does not pay for blood work right? Blue Cross should settle for the delivery and in attendance after. Unfortunately all the pre-baby expenses aren't covered any several insurances because it is called "powerfully care." Unbelievable huh? Congratulations on your spanking new little one :)
If you make too much money to grasp Medicaid (well, obviously,it sounds resembling you have insurance through work) you're screwed. Pregnancy is a preexisting condition approaching any other, with the customary 12 to 18 month waiting spell upon getting new coverage.
Most doctors now actually make available discounts to cash patients, and ob's sort payment plans to be spread out over the 9 months of the pregnancy, so that will backing some.
I just hope for you both that she have a healthy pregnancy.
in good health, not all plans through Blue Cross PPO exclude parenthood. If you both work at the same place, after your plans will be the same. If maternity's an exclusion, or solitary covered for complications, you should try to apply for medicaid.
If you're 100% sure that both of your insurance plans exclude maternity, she should be eligible for medicaid until the baby's born. Then you can add on the baby to one of your policies.
Maybe you can try below website to seize the information. It's about motherliness health insurance articles for your second view
i had bcbs and they salaried all of the motherliness under crucial medical. per HIPPA pregnancy cant be considered pe-existing. try for medicaid there is a program that will cover simply pregnancies.
Will medicaid cover otoplasty surgery for a child 8 yrs behind the times is it possible for Indian Health to contribute?
Question:
My child has Medicaid and Indian Health Services coverage,is it possible for any of these programs to cover or help cover otoplasty surgery.
Answer:
It is definitely worth a shot. Unfortunately I dont think anyone on RunEye.com can answer this press. Because for procedures such as these you often enjoy to obtain pre approval on a overnight case by case idea where they evaluate and determine how much they would reimburse. good luck i hope it adjectives works out.
Collection no text for my insurance company at that time and I could not find out any?
Question:
I am in collection for an frail medical bill, but there is no evidences to show who be my insurance company at that time. I called the medical center but the journal was delete because the bill was written stale. Do I still need to rate the bill?
Answer:
if the bill was written past its sell-by date then that could imply 1 of 2 things
1st the collection agency bought the bill for pennies on the dollar and they will still come after you
2nd the medical center just wrote it past its sell-by date and no longer care just about your bill.
But piece of advice if the collection have your bill they will try to sue youlet them don't pay, progress to court even if you lose APPEAL APPEAL APPEAL most places will not go into the appeal process because of the time cost and it is sturdy to prove
prepare a duplicate
Yes, unless you can provide evidence of insurance at the time the bill was incurred.
While drs and hospitals may bill your ins co, it is up to you to provide accurate informaton.
Yes. You hold to file a medical bill inside a year, for it to be covered, anyway - so even if you find out who your insurer is, they don't have to pay cheque it any more - and likely won't.
Can the cost of medicare insurance be deduct as medical expense?
Question:
Answer:
Yes, under reliable circumstances. You do NOT have to be self-employed. Go here to read more: http://www.irs.gov/publications/p502/ar0...
Look contained by the section titled "Insurance Premiums."
Only if you are self employed.
If you are discussion about the amount of medicare excise withheld from your pay or the cut of self-employment tax you retribution then the answer is no. There is a specific revenue ruling that say this is a tax not medical expense.
If you are chitchat about the amount withheld from your monthly social deposit check then the answer is yes because this is truly medical insurance.
depends on what u are chitchat about.. For food stamps (only if u are disabled or over 65), for religious group. 8, yes.. If u itemize taxes, I don't know..
Absolutely.
It's an insurance to provide additional coverage against medical expenses and medical expenses are deductible (less the 3% of income rule) therefor you can reduce by the expense.
Special resources for funds for seniors?
Question:
What are the many ways that seniors can make higher money without certainly
spending any money or investing? Example: reverse mortgage; life
settlement (sale of their enthusiasm insurance policies)... and what else?
Each of these provides money for the senior without cost.
Answer:
All the seniors contained by my sisters retirement community seem to hold big garage sale every weekend. I have no impression if they need the currency or it's just a big social event where on earth they can all ride their little golf cart around the neighborhood checking out each others unwanted items.
I have no conception how senior raise money. Cash contained by their investments, I guess. That's what I would do if I needed the cash.
Hi! Thanks for the sound out.
Here are the sources of income for seniors.
- Social Security benefits
- Individual Retirement Account
- 401(k)
- 403 (b)
- Pension Plans
- Public Assistance Benefits
- Veteran Benefits
“Your Retirement Income Sources”
http://www.allstate.com/finance/retireme...
- Rent Part of Home
- Reverse Mortgage
- Sale / Leaseback Arrangement
- Second Mortgage on Home
- Cash in or borrow against your duration insurance
- Life Insurance Annuities
- Jewelries
- other collections like coins, stamps, comics, etc.
“Other Sources of Retirement Income”
http://www.aarp.org/money/financial_plan...
Search vocabulary used:
sources retirement income
seniors sources cash income retirement
I hope these links would aid you in your research. Before rating this
answer, please ask for a clarification if you enjoy a question or if
you would inevitability further information.
Regards
What are the roles played by insaurance company contained by india?
Question:
Answer:
Insurance companies play the role as 'private social welfare organisation'. They help the society surrounded by achieving a set off between risk transfer.
Insurance companies are financially stronger event compared to individual (financial weaker party). Individual transfer his risk, for example financial losses risk due to quirk to insurance companies by paying an amount of money (we called it premium). The insurance company, contained by exchange will provide the coverage (we called it sum assured) to the individual.
Normally, for in one piece life insurance policy, if you take-home pay 3 dollar of premium, you will get 100 dollar of coverage.
With insurance, you can create instant bread when disaster like long-term disability due to accident strike. When every individual have got insurance policy, the society will categorically stable and the problems arise due to loss of income can be reduced to minimum.
it adds to sheltered life.decrease the mt. everest high stresses going surrounded by our life.It also allows us to live go more lively.
They find new marketplace to loot money of common man.
I don't know but their stocks sure suck right presently... I regret that mess!
Basically, Insurance is available for business as general insurance and for individuals as Life protection. They are generate the kind of awareness nowdays which does not exist surrounded by the yester years and this all the fitting for everyone. While few private insurers may be attempting to give rosy picture to attract the hot customers, the presence of Public Sector with sober policies is acting as check mate. What is within store for us with association of FDI in insurance sector is difficult to guess at this stage. Let us hang around and see. That is all.
see Insrance comapany hold sevral and big contributor of indian economy ..right
1. they provide duration cover and secure enthusiasm which covers life for financial purpose.
2. excise saving for salaried creature
3. Investment solution so that proper finacial planing can b done for life and faimly
4. companies resembling ICICI prudential are having direct intrection next to equity market.. which is miror of indian ecnomy
5. providing and offering job and huge salaries to utmost number of youth in indiameans giving number of imployment...
for further enquiry feel free to contact
sapan bhuriya
financial services consultant
ICICI prudential go insurance co. ltd
Vasant kunj new delhi
contact : 9873913189,9891343998
sapan.bhuriya@iciciprulife.com
economical wellbeing to human life and other things
Insurance overview
From the mundane (household contents) to the downright bizarre (pet insurance), TheSite uncover the truth about insurance.
What is it?
In simple expressions, insurance allows someone who suffers a loss or accident to be compensated for the effects of their misfortune. It let you protect yourself against everyday risks to your health, home and financial situation.
There are tons different types of insurance:
You are unlikely to need every single one of these, so read around, choose favourably and remember to read the small print.
Travel: Holidays can be dangerous occasion - especially abroad. If someone falls below par it is much more difficult than it would be at home to cope with the situation. Medical treatment is expensive. More here.
Household contents and building insurance: Contents insurance covers the contents of a home such as furniture, carpet, clothes, television, refrigerators, hoops and so on. In other words, what you would take near you if you moved. Buildings insurance protects against damage to the actual structure of the home and to its fixtures and fittings. Contents and buildings policies can be bought separately or together surrounded by one package. More here.
Car insurance: Most those know something about motor insurance. This is because any vehicle driven on public roads must hold a certain smooth of insurance. The Road Traffic Act ensures that drivers must stumble upon liabilities they incur should they injure other relatives or cause blight in an quirk. More here.
Life insurance:
A means of providing for your dependents should you die impulsive, but also a way to put aside cash through endowment policies or similar.
Private medical insurance: This covers the costs of private medical treatment for curable short-term weakness or injury. It means that should you become in poor health you could be treated immediately privately fairly than being put on an NHS waiting account. More here.
Critical illness insurance: This allows you to insure your income/ robustness were you to become too bad to work later on contained by life, and protects any dependents/ loved ones from the financial consequences of such swift events. More here.
Accident, sickness and unemployment cover: According to Moneyextra: "In 1999, 30,000 properties be re-possessed by mortgage lenders... Many lost their homes because they could no longer afford to pay their mortgage payments through an catastrophe, sickness or unemployment." If you are planning on buying a house it may be sensible to judge about getting some mortgage pay-out protection insurance.
Pet insurance:
This basically help you foot the vet's bills if your pet gets poorly. By paying regularly into an insurance policy it technique you have rewarded for the bill gradually a bit than having to find the money for a steep bill when you can lowest afford it.
IN DETAIL
Brief History Of Insurance
The story of insurance is probably as old as the story of mankind. The same instinct that prompts modern businessmen today to protected themselves against loss and disaster existed in primitive men also. They too sought to avert the evil consequences of fire and flood and loss of natural life and were ready to make some sort of sacrifice surrounded by order to complete security. Though the concept of insurance is largely a nouns of the recent past, specifically after the industrial era – past few centuries – but its beginnings date back almost 6000 years.
Life Insurance contained by its modern form came to India from England surrounded by the year 1818. Oriental Life Insurance Company started by Europeans in Calcutta be the first life insurance company on Indian Soil. All the insurance companies established during that interval were brought up beside the purpose of looking after the needs of European community and Indian natives be not being insured by these companies. However, after that with the hard work of eminent relatives like Babu Muttylal Seal, the foreign duration insurance companies started insuring Indian lives. But Indian lives were self treated as sub-standard lives and heavy extra premiums be being charged on them. Bombay Mutual Life Assurance Society herald the birth of first Indian life insurance company contained by the year 1870, and covered Indian lives at normal rates. Starting as Indian enterprise beside highly jingoistic motives, insurance companies came into existence to pass the message of insurance and social security through insurance to different sectors of society. Bharat Insurance Company (1896) be also one of such companies inspired by nationalism. The Swadeshi movement of 1905-1907 gave rise to more insurance companies. The United India contained by Madras, National Indian and National Insurance in Calcutta and the Co-operative Assurance at Lahore be established in 1906. In 1907, Hindustan Co-operative Insurance Company took its birth surrounded by one of the rooms of the Jorasanko, house of the great poet Rabindranath Tagore, in Calcutta. The Indian Mercantile, General Assurance and Swadeshi Life (later Bombay Life) be some of the companies established during the same spell. Prior to 1912 India had no legislation to regulate insurance business. In the year 1912, the Life Insurance Companies Act, and the Provident Fund Act be passed. The Life Insurance Companies Act, 1912 made it necessary that the premium rate table and periodical valuation of companies should be certified by an actuary. But the Act discriminated between foreign and Indian companies on many accounts, putting the Indian companies at a disadvantage.
The first two decades of the twentieth century saw lot of growth surrounded by insurance business. From 44 companies with total business-in-force as Rs.22.44 crore, it rose to 176 companies near total business-in-force as Rs.298 crore in 1938. During the mushrooming of insurance companies heaps financially unsound concerns were also floated which erstwhile miserably. The Insurance Act 1938 was the first legislation governing not solitary life insurance but also non-life insurance to provide strict state control over insurance business. The emergency for nationalization of life insurance industry be made repeatedly in times past but it gathered momentum surrounded by 1944 when a bill to amend the Life Insurance Act 1938 was introduced contained by the Legislative Assembly. However, it was much after that on the 19th of January, 1956, that life insurance contained by India was nationalized. About 154 Indian insurance companies, 16 non-Indian companies and 75 provident be operating in India at the time of nationalization. Nationalization be accomplished surrounded by two stages; initially the management of the companies be taken over by means of an Ordinance, and latter, the ownership too by means of a comprehensive bill. The Parliament of India passed the Life Insurance Corporation Act on the 19th of June 1956, and the Life Insurance Corporation of India be created on 1st September, 1956, with the aspiration of spreading life insurance much more widely and contained by particular to the rural areas beside a view to conquer all insurable individuals in the country, providing them tolerable financial cover at a reasonable cost.
LIC have 5 zonal offices, 33 divisional office and 212 branch offices, apart from its corporate bureau in the year 1956. Since time insurance contracts are long term contracts and during the currency of the policy it requires a mixture of services need be felt surrounded by the later years to expand the operation and place a branch office at respectively district headquarter. re-organization of LIC took place and large numbers of spanking new branch offices be opened. As a result of re-organisation servicing functions be transferred to the branches, and branches were made accounting unit. It worked wonders with the execution of the corporation. It may be seen that from roughly speaking 200.00 crores of New Business in 1957 the corporation crossed 1000.00 crores one and only in the year 1969-70, and it took another 10 years for LIC to cross 2000.00 crore dupe of new business. But next to re-organisation happening within the early eighties, by 1985-86 LIC have already crossed 7000.00 crore Sum Assured on new policies.
Today LIC functions near 2048 fully computerized branch offices, 100 divisional office, 7 zonal offices and the Corporate department. LIC’s Wide Area Network covers 100 divisional offices and connects adjectives the branches through a Metro Area Network. LIC has tied up next to some Banks and Service providers to offer on-line premium collection facility contained by selected cities. LIC’s ECS and ATM premium transmittal facility is an addition to customer convenience. Apart from on-line Kiosks and IVRS, Info Centres own been commissioned at Mumbai, Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, New Delhi, Pune and masses other cities. With a vision of providing unforced access to its policyholders, LIC has launch its SATELLITE SAMPARK offices. The satellite office are smaller, leaner and closer to the customer. The digitalized records of the satellite office will facilitate anywhere servicing and many other conveniences contained by the future.
LIC continues to be the dominant life span insurer even in the liberalized scenario of Indian insurance and is moving vigorous on a new growth trajectory surpassing its own former records. LIC have issued over one crore policies during the current year. It has crossed the milestone of issuing 1,01,32,955 contemporary policies by 15th Oct, 2005, posting a healthy growth rate of 16.67% over the corresponding time of year of the previous year.
From then to in a minute, LIC has crossed several milestones and has set unprecedented reading records surrounded by various aspects of existence insurance business. The same motives which inspired our forefathers to bring insurance into existence in this country inspire us at LIC to hold this message of protection to light the lamp of security within as many homes as possible and to relief the people surrounded by providing security to their family.
Some of the important milestones surrounded by the life insurance business within India are:
1818: Oriental Life Insurance Company, the first life insurance company on Indian soil started functioning.
1870: Bombay Mutual Life Assurance Society, the first Indian existence insurance company started its business.
1912: The Indian Life Assurance Companies Act enacted as the first statute to regulate the life span insurance business.
1928: The Indian Insurance Companies Act enacted to see the government to collect statistical information something like both life and non-life insurance businesses.
1938: Earlier legislation consolidated and amended to by the Insurance Act beside the objective of protecting the interests of the insuring public.
1956: 245 Indian and foreign insurers and provident societies are taken over by the inside government and nationalised. LIC formed by an Act of Parliament, viz. LIC Act, 1956, beside a capital contribution of Rs. 5 crore from the Government of India.
The General insurance business within India, on the other hand, can trace its roots to the Triton Insurance Company Ltd., the first nonspecific insurance company established in the year 1850 within Calcutta by the British.
Some of the important milestones surrounded by the general insurance business contained by India are:
1907: The Indian Mercantile Insurance Ltd. set up, the first company to transact all classes of common insurance business.
1957: General Insurance Council, a wing of the Insurance Association of India, frames a code of conduct for ensuring objective conduct and sound business practices.
1968: The Insurance Act amended to regulate investments and set minimum solvency margins and the Tariff Advisory Committee set up.
1972: The General Insurance Business (Nationalisation) Act, 1972 nationalised the
nonspecific insurance business in India near effect from 1st January 1973.
107 insurers amalgamated and grouped into four companies viz. the National
Insurance Company Ltd., the New India Assurance Company Ltd., the
Oriental Insurance Company Ltd. and the United India Insurance Company
Ltd. GIC incorporated as a company.
Commercial property insurance policy offers protection to commercial establishments against a myriad of risks and peril. As companies grow larger and expand their business, they need to safeguard their business against potential contingencies. Insurance companies provide commercial insurance to several businesses ranging from colossal MNCs to small shopkeepers.
The scope of commercial business insurance extends to the building as capably as the contents inside the office. Protection is also offered for loss of income due to business interruption and losses cause by fraud or dishonesty committed by any salaried employee.
Ensuring your interests (life/property)are protected by paying a small amount of premium.
Helping you to be independent during your old/non-earning age.
Helsp you live near Self Respect.
spread awarness of getting insured