Kamalji Sahay
How riders add value to your life insurance plan
The basic objective of buying life insurance is to provide maximum financial security to the dependants in case of untimely death of the policyholder.
Why most people still do not feel the need to buy insurance
Low density and penetration indicates that nothing significant has happened for Indians in insurance.
Filing an insurance claim? Keep these tips in mind
Irdai has instructed all insurers to settle claims of those affected by the recent Kerala floods as soon as possible.
Embedded value: Policyholders can question the LIC-IDBI Bank deal
Life insurers make money by investing the surplus that they accumulate every year and maintain this in a separate account known as Life Fund. The surplus is the difference between income and expenditure in the revenue account
How to grow insurance industry
There is a need to redefine potential customers and their insurance needs to ensure that the insurance industry grows at an accelerated pace.
Data analytics: The survival tool for insurers
Insurance companies have been slow to respond to changed market realities though they are sitting on mountains of data that can direct them to the needs of customers.
Embedded value: How safe are assets managed by insurers?
The insurance industry must learn lessons from the banking sector as, overlooking the potential risk and vulnerability may prove costly to all stakeholders
Life Insurance: Buying a policy? Must understand these important things
The spurt in sale of unit-linked insurance policies (Ulips) after foreign insurers entered the market in 2001 has strengthened the perception that for accumulating fund for long-term needs such as higher education for childre
Embedded value: The new insurance regulator’s to-do list
Doubling the insurance industry’s growth rate and aligning products to the changing demography will be the top priority for TS Vijayan’s successor
Embedded value: How pension funds offer long-term solution for elderly
Life insurers can provide cash-flow through annuities for old-age financial requirements. For that, the government should issue very long-term bonds for pension funds to invest
Why Q4 sees highest insurance policy sales, explains ex MD and CEO of SUD Life Kamalji Sahay
The last quarter is always the most productive for the life insurance sector because during this quarter all concerned work hard to accomplish their respective targets and the potential buyers see long term advantage in the d
Life insurance policy warning: 6 sins that may ruin family
Insufficient life insurance cover and mismanagement of a life insurance contract can ruin the future of your dependents
Will insurance plans change to better suit buyers’ long term interests? All you want to know
LIC and other major players have to lead insurers in asset management techniques, product development and cater to those who depend on insurance for meeting their long-term needs.
Life insurance: For insurers, sale and sensibility are a far cry
During the tenure of a life insurance policy, the customer experiences several moments of truth, which must be graced with due empathy. Sadly, the ground reality is far from the desired standards of professional and ethical m
Financial freedom for all: For that to happen, here is what must come to pass first
For financial freedom to be real and meaningful, the tool of insurance needs to be popularised and provided to all citizens with convenience to purchase and maintain.
How to pick the right insurance company: Here are 4 brief points
Life insurance is a long-term contract. Check your insurance company’s reputation, its claim settlement record and whether it has a trained workforce before signing on the dotted line
Lapsed insurance policies: Data analytics to benefit customers
These days storing data is not an issue and the best use of such data is to analyse them for better decision making and strategising leading to more customer satisfaction and faster growth.
Life insurance: Insurers also evaluate family health history and that of individual to fix premium
It is necessary for every young person to decide on buying life insurance policies well on time, when he is eligible for maximum life insurance cover on his life.
Insurance: How to get accident benefit rider with life cover
In developed economies individuals tend to be more self-reliant by adopting various financial tools so that they live their life with dignity and comfort.
Family’s financial security: Life insurance is not just for saving tax; here’s what you need
IT is commonly believed that life insurance plans are meant for saving on individual taxes. This belief is further reinforced by reports appearing in the media during the last quarter of the financial year when people start t
Insurance Repository System is a pioneering effort at offering, buying and maintaining policies by individuals
An insurance repository maintains all policies of an individual in a folder making claims settlement process faster
How to optimise tax for best retirement solutions
While I-T Act encourages building a retirement corpus during working life, tax on annuity is a disincentive
PM Narendra Modi’s digitalisation drive can improve insurance penetration; here’s how
Prime Minister Narendra Modi has been vigorously pursuing the agenda of converting the country’s socio-economic landscape into a digital highway for faster and more inclusive growth.
Renewal of policies: Demonetisation should motivate people to go for cashless payments
In spite of a long-term contract, the promised services as per the insurance contract are available to policyholders or to their nominees only if the policies are renewed by paying the contracted instalments of premium on or
Gift or collateral: Here’s how to assign a life insurance policy
A life insurance policy can be assigned as a collateral to raise funds or can be given as a gift
Life insurance policy: Check out what magic of final additional bonus is all about
Alife insurance policy is a long-term contract between the policyholder and the insurer for financial protection to the dependents if the policyholder dies during the tenure of the policy.
Financial Planning: Insurance should not be an investment
A life protection cover should never be seen as a means to multiply investment into wealth
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