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IRDAI circular-third party insurance coverage
The Honourable Supreme Court Committee had asked the States and the Union Territories to report to them about all the vehicles plying in their jurisdiction without a valid third-party insurance policy. They had issued orders to confiscate the vehicle till such time the vehicle owner produces a valid insurance policy. However, the States and the…
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Budget 2018-impact on insurance industry
The Finance Minister of the country, every year announces the budget and it would not be wrong to say that this is the most awaited announcement from him. The budget has an effect on each individual of the country in one way or the other and also every sector of the economy. Budget 2018 was…
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Aadhar card linking to insurance policies extended to 31st March
Being a part of the financial services industry, you must be completely aware of the fact that all Insurance Companies are insisting the linkage of Aadhar Card to the insurance policies of your clients. Being the point of connection, for both the insurer and the insured, it is your duty to initiate the same. Thus,…
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A guide to generating and nurturing insurance leads- going beyond digital
In our last blog post we discussed how you could use digital communications to generate and convert new leads for your insurance business. However, it is also important to understand how to effectively sell yourself and your business, beyond the digital space (for example, when you meet new people in social settings and when you…
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Turtlemint’s guide on how to close insurance deals
You have a few potential prospects that you are in contact with. How are you going to get a commitment from them for a purchase on a suitable insurance policy? How do you convince them to buy a policy without losing them for good? Here are our thoughts — The truth is, your prospect is already…
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Highlights of IRDA (protection of policyholder’s interest) Regulations 2017
In a major move to protect consumer interests and curb malpractices in India, the Insurance Regulatory and Development Authority (‘IRDA’), on 30 June 2017, notified the IRDA (Protection of Policyholders’ Interests)Regulations, 2017, which supersedes the existing IRDA (Protection of Policyholders’ Interests) Regulations, 2002. Among other reforms, the 2017 regulations define more stringent timelines for investigation…
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How smart homes & driverless cars are about to change insurance
If anything has shaped modern civilization it is technology. Name any sector and technological advancement has left a prominent mark. Technology has changed the way we live our lives. A push of few buttons is all it takes to live life comfortably. All around the world technology is bringing in new innovations. You can find…
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Lessons from US: Dealing with loss after mega hurricane Harvey
World news and insurance lessons that can be learnt Natural calamities have a way of showing their wrath in the worst possible ways. That is why when hurricane Harvey struck, the consequences were not surprising. Heavy rains over a four-day period resulted in heavy floods in Texas disrupting lives and causing great damages. At least…
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How do you create your digital presence?
Internet has taken the world by storm. Everything is available at the click of a button. No geographical barriers, no limited choices and no unavailability. Even insurance companies are not left behind. They too have gone digital. Nowadays, all types of insurance plans are available online. Insurance buyers, too, have become tech-savvy. Today, prospective insurance…
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