“STRONGER REGULATION AND SUPERVISION AIMED AT PROBLEMS WITH UNDERWRITING PRACTICES AND LENDERS’ RISK MANAGEMENT WOULD HAVE BEEN A MORE EFFECTIVE AND SURGICAL APPROACH TO CONSTRAINING THE HOUSING BUBBLE THAN A GENERAL INCREASE IN INTEREST RATES” -BEN BERNANKE Introduction: Underwriting is a process which means that the lender verifies our income Read more…
Introduction: The Insurance Ombudsman scheme was created by the Government of India for individual policyholders to have their complaints settled out of the court’s system in a cost-effective and an impartial way. The primary objectives of these rules are to resolve all the complaints. Presently there are 7 insurance ombudsman Read more…
Introduction: Any industry or a company faces a lot of risks any time. Most of the risks are well defined and arise from the internal processes. A budding industry or a company generally faces increasingly fierce competition comes with increased risks. Focusing on the sales and business expansion aspects carries Read more…
Introduction: The term assignment itself means you assign something to someone else. In term life insurance, the assignment of the policy describes the action of assigning legal rights as well as policy ownership to someone else. The person who assigns the policy is known as an Assignor and the person Read more…
Introduction: The company secretaries have a very important role to play in the insurance sector. A company secretary works as a compliance officer in a particular insurance company and makes sure that regulatory and supervisory issues are being solved. The insurance industry in India has established back in the time Read more…