-
Growth of insurance business — IRDAI report
It is good to see the insurance industry in India growing at a steady pace. Both life and general insurance companies are boasting growth in their sales volume from October last year to this year. Though some companies saw a reduction in revenue, the overall one-year growth story is promising. If companies continue to grow…
-
Don’t fear artificial intelligence, embrace it — A brief insight into how the insurance industry can leverage AI
Technology and digital communications are rapidly changing the way we do business. The rise of artificial intelligence and machine learning have provided many opportunities for various industries, including insurance. This especially for those professionals who are innovative and open to leveraging new technologies effectively. Artificial intelligence refers to any intelligence displayed by machines, whereby technology…
-
Decoding tax efficiency for each investment
The last quarter of the financial year proves quite productive for insurance distributors. Everyone wants to save tax. That is why your clients show more inclination towards products which can save their tax liability. While life and health insurance plans are tax-saving, there are other avenues too. The Income Tax Act, 1961, lists various investment…
-
Did you know that you can save your NCB in a motor policy even after a claim?
Motor insurance policies, whether for a car or a two-wheeler, give a No Claim Bonus (NCB) if no claim is made in any policy year. This bonus discounts the premium payable on successive renewals. Furthermore, the rate of NCB increases with every successive claim-free year. However, if a claim is made in any policy year,…
-
A guide to generating and nurturing insurance leads- Leveraging digital communications
For any business to thrive, one must learn how to generate effective and profitable leads. With the insurance industry in particular, generating leads is crucial to having a sustainable business. India is becoming increasingly digital, with a conscious effort to encourage greater mobile phone & internet usage throughout the country. Leveraging online communications & building…
-
How does GST impact the insurance sector in India?
Ever since the Goods and Services Tax (GST) Bill was passed in the Parliament, it has created widespread confusion and speculation in the market as to how its introduction would impact each of us. With the implementation of GST on July 1, 2017, there has been major tax implications across all financial and economic sectors.…
Download TurtlemintPro App
Recent Posts
- All About No Claim Bonus (NCB) In Motor Insurance
- Pay As You Consume In Motor Insurance
- Understanding The Concept Of Maturity Amount In Insurance
- The Importance Of Roadside Assistance In Motor Insurance
Subscribe our Youtube channel for lots of informative & educational videos :
Insurance Gyan by Turtlemint
