I am life insurance company agent, wants to work for general insurance company. What are the requirements for the same? If the applicant desires to work for a life insurer or a general insurer or both, as the case may be, he should enclose the documentary evidence of the 10 or … [Read more...] about FAQ on Insurance Agency Licence Exam?
Miscellaneous
How to check EPF claim status online?
You can check your EPF status online with the help of following - Link Or if you know your regional EPF office - Link Select the EPFO office where your account is maintained and furnish your EPF Account number. What details do I need to enter to check EPF claim status … [Read more...] about How to check EPF claim status online?
Private general insurers registered 22% growth in new premium income in FY2010-11
General Insurance Industry growth has registered an increase of 21% in new premium income to Rs.42,568 crore in FY 2010-11. The total premium for the entire private sector life insurance industry is pegged at Rs.17,566 crore in FY 2010-11. PSU General insurer’s first year … [Read more...] about Private general insurers registered 22% growth in new premium income in FY2010-11
Wrong insurance product sold, what to do now?
Relationship manager of a leading private bank had suggested an investment cum insurance product to Vipul, a ULIP policy, which their bank was offering due to their tie up with an insurance company. The Relationship Manager explained Vipul all the policy terms in details. Vipul … [Read more...] about Wrong insurance product sold, what to do now?
How to pay Insurance Premium by Visa Credit Card?
You must have heard about the bill pay and online insurance premium services, where you have to register your details and as and when the insurance premium due date is coming, you would get the intimation on mobile as SMS or on email. Then you have to log on to bank or bill … [Read more...] about How to pay Insurance Premium by Visa Credit Card?
Relaxation in Agency norms for standalone Health Insurer’s Agents
IRDA (vide letter dated 28th November, 2006; link) allowed Star Health and Allied Insurance Company to avail the services of general insurance agents of other companies. Now this special dispensation is extended to all the Standalone Health Insurance Companies and will be valid … [Read more...] about Relaxation in Agency norms for standalone Health Insurer’s Agents
Material Facts – Facts which need to be disclosed and facts which need not be disclosed?
What is a Material Fact? Any fact which would influence the insurer in accepting or declining a risk or in fixing the premium or terms and conditions of the contract is material and must be disclosed by a proposer, or by the insurer to the insured. Material Facts in other words … [Read more...] about Material Facts – Facts which need to be disclosed and facts which need not be disclosed?
How to transfer EPF to new employer?
Procedure to transfer the old PF amount to new PF account 1. At the time of joining a new organization, the company’s HR will give you forms for opening an PF account. When new PF account is opened and you would receive a new PF Number. 2. Fill up PF withdrawal form (Form … [Read more...] about How to transfer EPF to new employer?
PPF Forms – When and How you can use them?
Form A - PPF Account Opening Form Form B - Amount Deposit into PPF Account Form Form C - Loan on PPF Account 1. Withdrawals from the PPF Account with following conditions - a) Any time after the expiry of five years from the end of the year in which the initial … [Read more...] about PPF Forms – When and How you can use them?
How to get maximum return out of PPF account?
The rate of interest will be calculated on the lowest balance in the account between the close of the fifth day and the end of the month and will be credited to your account at the end of the year. So, to get the maximum out of your investment, deposit the amount in the first few … [Read more...] about How to get maximum return out of PPF account?