On May 22, 2010, a total of 158 out of 166 passengers on board Air India Express Flight 812 from Dubai to India got killed when the plane…
Effect of Covid-19/Lockdown on Motor TP and OD claims
The Countrywide lock down imposed by govt. of India from 24th of March 2020 to contain the Covid -19 infection continued till the end of…
‘Customer Service in Insurance Sector’
The Policy holders are the main stakeholders in the Insurance companies. It will, rather, not be unfair to address them as Insurer’s Capital. Hence, prime…
Professor Dandekar’s unique (Area) approach to Crop Insurance Claims – The Solution Statement
In our last discourse, we had looked at some of the baffling problems of implementing a mass based crop insurance scheme in a country such as ours,…
Professor Dandekar’s unique (Area) approach to Crop Insurance Claims – The Problem statement
Professor Dandekar’s masterstroke of linking crop loans with crop insurance magically resolved the roadblocks on the coverage (income) side of crop insurance. But the other…
How Professor Dandekar married insurance with banking
The first and foremost major roadblock faced in the implementation of a crop insurance scheme was the management of large numbers. Crop insurance deals with…
Is rural insurance the way ahead for insurance sector?
India is endowed with huge number of villages and about 70% of population live in Rural India having Agriculture and allied occupations as their livelihood.…
Growth of General Insurance in India – A critical analysis
Beginning: The commencement of modern General Insurance in India can be traced to early 19th century when general insurance business was undertaken by Indian agents…
INCOTERMS 2020 – A Commentary on key Amendments
International Chamber of Commerce (ICC) has been publishing Incoterms since 1930. In last decades there has always been a revision of the Incoterms coinciding with…
Demystifying the mystery of DSII
The Insurance Regulator, Insurance Regulatory Development Authority of India (IRDAI) in its press release of 24th September, 2020 has notified LIC of India, GIC Re and…