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IMG PRODUCT DETAILS
LIFE INSURANCE CO.
NON- LIFE INSURANCE CO.
ICICI PRUDENTIAL[Info][Products]
ALLIANZ BAJAJ
TATA AIG
AVIVA [Products]
HDFC STANDARD LIFE
MAX NEWYORK LIFE [Products]
ING VYSYA LIFE
BIRLA SUN LIFE [Products]

BAJAJ ALLIANZ
ICICI LOMBARD
IFFCO TOKYO
CHOLAMANDALAM
ROYAL SUNDARAM
RELIANCE
NATIONAL INSURANCE
IRDA LIC
New Business Stats
[April to Feb 07]
Insurer- Life (Rs. - Crores)
* ISP-Indvl Single Premium
* I-N-SP-Indvl Non-Single Premium
Insurer
ISP*
I-N-SP*
BALIC
957.42
.
SBI LIFE
387.64
.
ICICI-PRU
360.16
.
LIC
16750.21
19072.78
ICICI-PRU
.
3095.54
BALIC
.
2011.26
HDFC STD
.
992.47
Insurer- Non Life Upto JAN 07
(Rs. - Crores)
Insurer
Premium
Growth
ICICI-LOM
2601.56
92.05%
BAGICL
1474.27
37.74%
NEW IND
4132.94
7.83%
..more
According to Team Saison "It is essential to know INSURANCE CONCEPTS not only to SELL
but also for making sound BUYING Decisions !"™
John R Ingrisano & Corinne M Ingrisano in the insurance dictionary define & explain the Insurance as " protection through specified money compensation or reimbursement for loss, provided by written contract against the happening of specified chance or unexpected events."
Insurer's Basic Functional Area's are : HOME OFFICE OPERATIONS , MARKETING , DISTRIBUTION, UNDERWRITING MANAGEMENT, CLAIMS MANAGEMENT, ACTUARIAL OPERATIONS, RISK MANAGEMENT, LOSS CONTROL , PREMIUM AUDITING, INVESTMENTS & REINSURANCE. INSURANCE is ,certainly, a Technical, Scientific and Highly Professional Field !
Insurance Contract is governed by Six PRINCIPLES OF INSURANCE i.e. Principle of - INDEMNITY , INSURABLE INTEREST, SUBROGATION, UTMOST GOOD FAITH , PROXIMATE CAUSE & CONTRIBUTION. These provide basis for the formulation of insurance contract and have influence in the settlement of the claims and payment of compensation.
" No Loss is ever Fully recoverable, because of it's multidimensional impacts (direct & indirect)
- therefore it is essential to have Loss/Risk Management concern
in any enterprise's Corporate philosophy!"™....more
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