Kamalji Sahay

Articles By Kamalji Sahay

53 Articles

Check how victims can be compensated at time of natural or man-made disasters

A group insurance cover funded jointly by the government and individuals can be used to compensate victims affected by natural or man-made disasters

man made disaster, insurance, personal finance, money news, terror attack, road accident, railway accident, accident news, tax payer News

Embedded value: Life insurers need to be wary of Mutual Fund challenge

If mutual funds turn their focus on those states which have been traditional grazing ground for life insurance firms, the latter could be in trouble

Mutual Fund, Assets under management, LIC, mutual fund industry, financial market, mutual fund investors, ELSS, Group insurance premium News

Why life insurers must focus on training agents

Rapid growth in new business requires agents to be trained and made productive irrespective of growth in the online or digital marketing.

life insurance, personal finance News

Life insurance firms must take inputs from youngsters for customised products, here’s why

As the country's demography is changing fast, life insurance companies must take inputs from young people in designing customised products for them.

Money News

Providing adequate life insurance cover and annuity plans should be vision statement of insurers

The vision statement of a company describes where the organization or the company wants to be by fulfilling its mission.

life insurance cover, annuity plans, financial protection, IRDAI, SBI Life, ICICI Prulife Insurance News

Investment deadline approaching: Do not buy life insurance just to save income tax

Tax exemptions are only incentives given to encourage people to buy life insurance in the absence of a comprehensive social security system

income tax, income tax exemption, income tax exemption on home loan, income tax exemption for women, income tax exemption in india, income tax exemption under 80c, income tax exemption for senior citizens, income tax exemption on housing loan News

Term policies: Why women need to buy life insurance

Policies purchased under MWP ensure that the proceeds are utilised for no other purpose than the welfare of the wife and children.

Money News

Buying insurance? Read the fine print first

Most complaints with Insurance Ombudsman reveal policyholders’ lack of understanding about insurance products.

insirance, insurance sector, insurance industry News

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.

Insurance News

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.

Insurance News

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.

Insurance News

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

Banking & Finance News

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.

Industry News

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.

insurance, insurance firms, insurance companies, insurance policy, data analysis News

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 plans News

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

life insurance, policy buying, Ulips News

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

TS Vijayan, insurance regulator,  Hari Narayan, Irdai,  insurance professional, new insurance regulator News

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

Embedded value, pension funds, Britons, Role of insurers, Long-term bonds, long-term investments, sovereign bonds, mediclaim policy News

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, insurance policy sales, Kamalji Sahay, ex MD and CEO of SUD Life, SUD Life, BFSI sector, intense competition  News

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

Life insurance policy, Life insurance policy warning, points keep in mind while buying life insurance policy, policyholder, life insurance contract  News

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.

insurance, insurance markets, social security, buyers, life insurance News

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

Life insurance, insurers, sale, sensibility News

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.

Financial Freedom, come to pass first, life insurance industry, life free from hunger, uncertainties in life News

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

insurance company, right insurance company, Here are 4 brief points News

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.

Data analytics, Digitalisation, business transactions, online business transactions, product design, product price, business of insurance, motor insurance, data insurance, life insurance, loyalty cards News

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.

Money News

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.

Money News