A ppt delivered for MDHM co-students of AIHA during sem-3 on 28 Oct 15.

1. IT & INSURANCE
B LEELA DHAR
MDHM (OU) 2014-16; AIHA
ROLL NO 1404-01-676031
(INDIA)94904-68518;
BOBBALEELADHAR@HOTMAIL.COM

2. INTRO

3. QUESTION 1
IS IT REQUIRED IN INSURANCE SECTOR ?
ANSWER 1
YES

4. PREVIEW
INTRO.
INSURANCE SECTOR COMPONENTS – A
BRIEF.
IT COMPETENCE TO COMPLIMENT
INSURANCE SECTOR.
Q & A SESSION.
CONCLUSION.

5. INSURANCE
SECTOR
COMPONENTS
A BRIEF

6. INSURANCE SECTOR COMPONENTS
CUSTOMERS DISTRIBUTORS

7. INSURANCE SECTOR COMPONENTS
SERVICE PARTNERS BUSINESS FUNCTIONS

8. INSURANCE SECTOR COMPONENTS
INSURANCE OPNL FUNCTIONS MISC ISSUES
SOCIAL MEDIA.
MOBILE
COMMUNICATION.
TECHNOLOGY
BASED LIVING AND
LIFE STYLES.

9. IT COMPETENCE
TO
COMPLIMENT INSURANCE
SECTOR

10. FOOD FOR THOUGHT
CAN ALL OF THEM BE HANDLED WITH PERFECTION
“MANUALLY”
ANSWER
No….no………NO …… NO….. NO ……

11. IT COMPETENCE - COMPLIMENTING INSURANCE SECTOR

12. IT COMPETENCE - COMPLIMENTING INSURANCE SECTOR

13. IT COMPETENCE - COMPLIMENTING INSURANCE SECTOR

14. IT COMPETENCE - COMPLIMENTING INSURANCE SECTOR

15. ADVANTAGES OF IT IN INSURANCE SECTOR

16. A LOOK AT OUR
OWN FAMOUS LIC
PORTAL

19. THINK FROM INSURANCE
COMPANY’S
PERSPECTIVE

20. CONVERSION FROM TRADITIONAL
TRADING/BUSINESS TO AUTOMATED
AND DIGITISED VERSIONS
MYTHS, FEARS, NEEDS &
PREPARATIONS

21. CONVERSION FROM TRADITIONAL TRADING/BUSINESS TO
AUTOMATED AND DIGITISED VERSIONS
MYTHS & FEARS
AGENCY SYSTEM BEING TOTALLY REPLACED.
CUSTOMERS STILL NEED AN AGENT AS BACK UP.
DIGITAL NETWORK CANNOT REPLACE A HUMAN.
CUSTOMER IS MORE KNOWLEDGABLE NOW.

22. CONVERSION FROM TRADITIONAL TRADING/BUSINESS TO
AUTOMATED AND DIGITISED VERSIONS
NEEDS & PREPARATIONS
EVEN IF SWITCH TO ‘IT’ BASED
FUNCTIONING IS DESIRED LOT OF
INVESTMENT IS REQUIRED AT COMPANY
END AND CUSTOMER END.

23. CONVERSION FROM TRADITIONAL TRADING/BUSINESS TO
AUTOMATED AND DIGITISED VERSIONS
NEEDS & PREPARATIONS

24. CONVERSION FROM TRADITIONAL TRADING/BUSINESS TO
AUTOMATED AND DIGITISED VERSIONS
NEEDS & PREPARATIONS
ERP IS REQD TO INTEGRATE RMIS, CMIS & IIS.
COST FOR ABOVE ISSUES – FREEBIES TO CRORES.
BUY FROM ASP (APPLICATION SERVICE PROVIDERS)
ASP HAS ITS OWN COMPLICATIONS.
SECURITY
FINANCIAL IMPLICATIONS
THIRD PARTY HANDLING
TRAINING

25. ADVANTAGES OF IT IN INSURANCE SECTOR

26. ADD – ON
OR
AIM PLUS INFO

27. INCOME TAX BENEFITS
DUE TO
INSURANCE POLICIES

29. Particulars
Existing
Provisions for FY
2014-15OR
AY 2015-16
Changes as per
Budget for FY 2015-
16 OR
AY 2016-17
Section 80D - Deduction for Health
Insurance premium
Rs. 15,000/- Rs. 25,000/-
Section 80D - Deduction for Health
Insurance premium for Senior Citizens
Rs. 20,000/- Rs. 30,000/-
Section 80DDB - Deduction in case of very
senior citizens on expenditure on account
of specified diseases
Rs. 60,000/- Rs. 80,000/-
Section 80DD - Maintenance, including
medical treatment of a dependent who is a
person with disability
Rs. 50,000/- Rs. 75,000/-
Section 80DD - Maintenance, including
medical treatment of a dependent who is a
person with severe disability
Rs. 1,00,000/- Rs. 1,25,000/-
Section 80U - Person with disability Rs. 50,000/- Rs. 75,000/-
Section 80U - Person with severe disability Rs. 1,00,000/- Rs. 1,25,000/-

30. Section 80D - Deduction for Health Insurance
premium
Rs. 25,000/-
Section 80D - Deduction for Health Insurance
premium for Senior Citizens
Rs. 30,000/-
Section 80DDB - Deduction in case of very
senior citizens on expenditure on account of
specified diseases
Rs. 80,000/-
Section 80DD - Maintenance, including
medical treatment of a dependent who is a
person with disability
Rs. 75,000/-
Section 80DD - Maintenance, including
medical treatment of a dependent who is a
person with severe disability
Rs. 1,25,000/-
Section 80U - Person with disability Rs. 75,000/-
Section 80U - Person with severe disability Rs. 1,25,000/-

31. DISABILITY
THE PERSONS WITH DISABILITIES (EQUAL
OPPORTUNITIES, PROTECTION OF RIGHTS AND
FULL PARTICIPATION) ACT, 1995

32. DISABILITY
"DISABILITY" MEANS
VISUAL IMPAIRMENT
BLINDNESS
LOW VISION
LEPROSY-CURED
SPEECH & HEARING DISABILITY
LOCO MOTOR/ ORTHO-PAEDIC DISABILITY
MENTAL RETARDATION
MENTAL ILLNESS.
MULTIPLE DIABILITIES

33. DISABILIT Y-GUAGING METHODOLOGY
INDIAN DISABILITY EVALUATION
AND ASSESSMENT SCALE (IDEAS)
IS A SCALE FOR MEASURING AND
QUANTIFYING DISABILITY IN
MENTAL DISORDERS.

34. DISABILITY – CERT ISSUING AUTHORITY
Ministry of Social Justice and Empowerment
-amended the Persons with Disabilities Rules, 1996
in December 2009 & simplifIed the process of
issuing disability certificates.
A doctor can now assess and issue the certificate
even at PHC in case of visible disabilities such as
amputations, complete paralysis, and blindness.
A specialist doctor can do so in other cases.
For multiple disabilities however more than one
specialist will be necessary.

35. DISABILITY – CERT ISSUING AUTHORITY
CERTIFICATION OF MENTAL ILLNESS
DISABILITY FOR THE PURPOSES OF THE ACT
- BY A MEDICAL BOARD:-
THE MEDICAL SUPERINTENDENT/ PRINCIPAL/ DIRECTOR /
HEAD OF THE CHAIRPERSON INSTITUTION OR HIS NOMINEE
PSYCHIATRIST MEMBER
PHYSICIAN MEMBER
AT LEAST TWO OF THE MEMBERS, INCLUDING
CHAIRPERSON OF THE BOARD MUST BE PRESENT AND
SIGN THE DISABILITY CERTIFICATE.
THE STATE GOVERNMENTS ARE TO
CONSTITUTE MEDICAL BOARDS IN
CONCONANCE WITH THE CENTRAL ORDER.

36. Q & A
SESSION

37. CONCLUSION