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Advise your clients to stay safe from the threat of Coronavirus
What started as a major infection across China has now gripped the whole world in its clutches. Coronavirus has affected the population of the major countries of the world and the World Health Organisation has labelled the diseases a pandemic. As of 3rd April 2020 – 10, 40, 997 confirmed cases of the disease have…
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March is over and the new financial year is here – Steps for planning FY2020-21
The new financial year as well as the next quarter has started from 1st April 2020. Though the new financial year started on a low note given the Coronavirus pandemic, volatile markets and the lockdown, you need to plan your business in the early days. As India is trying to contain the effects of Coronavirus…
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Find out how the Insurance segment performed in January 2020 vs January 2019
January 2020 began on a positive note for the insurance sector where both life insurance and general insurance companies posted positive growth figures in terms of the premiums collected in January 2020 compared to January 2019. The growth is largely due to the increasing awareness about the importance of insurance plans in the minds of…
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Long term Motor Insurance plans – A winning solution for you and your clients
The Insurance Regulatory and Development Authority of India (IRDAI) passed a mandate in 2018 that vehicles which would be bought on or after 1st September 2018 should carry long term third party coverage. With the passing of the mandate insurance companies reformed their motor insurance policies to comply with the changed rules. Today, if your…
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The Insurance Sector Boomed In December 2019. Do You Know The Growth Figures?
December 2019 ended the year 2019 on a good note for insurance companies as many companies posted good growth figures. While general insurance companies posted a growth in three-digits, the life insurance segment saw a growth in double digits. The growth in both these sectors can be attributed to the increasing awareness of insurance among…
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Top #5 Mis-Selling Techniques In India Which You Must Avoid
Mis-selling insurance has been a very common practice in India where insurance agents sell wrong products to their customers or give incorrect advice so that they can earn money at the expenses of their clients. This practice is wrong. While mis-selling might give you good commissions for the time being, they ultimately prove disastrous in…
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Demystify Car Insurance Terms For Your Clients To Increase Your Sales
Though legally mandatory, a car insurance policy might confuse a common man who finds it difficult to understand the technical terms of the plan. Especially at the time of a car insurance claim, your clients might find it hard to understand the meaning of difficult terms and claim the rightful benefit under the policy. So,…
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Budget 2020 And Its Impact On Insurance And Personal Finance
Mrs. Nirmala Sitharaman presented her second budget in eight months after the Modi 2.0 Government was formed last year. This Union Budget 2020 emphasized on various social welfare schemes. It has also proposed major changes in the personal finance segment which would give immense tax reliefs to taxpayers. Let’s have a look at some of…
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5 Reasons Why Your Senior Citizen Clients Need A Separate Health Plan
A health insurance plan has become a necessity given the rising medical costs. Your clients might also be aware of the rising need of a health plan and that is why they buy a health insurance policy for themselves and their family members. Most often than not, when buying a family floater health plan for…
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