The document discusses corporate agents in the life insurance industry in India. It introduces corporate agents as intermediaries used to increase insurance coverage among populations that previously lacked access. Corporate agents are corporate entities authorized to source policies for one specific insurance company. They train their own employees to sell policies, unlike bancassurance arrangements where insurance company employees do the selling. To become a corporate agent, the agency must employ qualified individuals licensed to solicit policies on its behalf. Potential corporate agents mentioned include organizations with large rural customer bases, NGOs, new NBFCs, retailers, and brokers.
IRDA Act, Salient features of the IRDA
Act, 1999, IRDA (protection of policy
holder interests) Regulations 2002, its
duties, power and functions of authority.
IRDA Act, Salient features of the IRDA
Act, 1999, IRDA (protection of policy
holder interests) Regulations 2002, its
duties, power and functions of authority.
Life insurance corporation of India provides wide range of life insurance products its your time to decide which one you want as we all know life is precious protect it by taking right insurance product.
The present book is a great step in forward direction of Indian Insurance sector ; and I have no doubt that after studying this book in detail and getting through the examination successfully, the insurance agent will gain substantially in accomplishing the tasks that are assigned to him or her. I would keenly look forward to its huge success in the Indian insurance domain in the days to come.
Welcome to the global business guide. In this context, we will be taking about the insurance industry, the general definition of insurance, adequate and
Article Source: http://EzineArticles.com/4962985
(http://optimuminsurance.com.au/Blog/tabid/158/ArticleID/6/The-benefits-of-engaging-an-insurance-broker.aspx) - We ask you to consider the following which should help you make a better informed decision:
This presentation covers Merchant Banking History; Categories; Services provided by them; Methods of placement; underwriting; Issue management & SEBI guidelines.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...
Corporate agents
1. CORPORATE AGENTS
In order to spread awareness about insurance and to increase the coverage of a large section
of population who have remained outside the radius of insurance coverage all these years,
the IRDA introduced a variety of intermediaries as “distribution” is key to insurance penetration.
The Corporate Agent is a concept introduced with a view to taking advantage of the presence
of a large number of firms, corporations, banks, NGOs, cooperative societies and panchayats
Bimaquest - Vol. VIII Issue I, January 2008 q 25
Distribution Channels in Life Insurance
who are in contact with people in normal discharge of their activities and utilize their presence
and services for canvassing the sale of insurance contracts.
Corporate Agents (CAs) are corporate entities (NBFCs) that source policies for the Insurance
Company with whom they have a tie-up. They are authorized to source policies for one
insurance company only. The difference between CA and Bancassurance arrangement is
that the former trains its own employees to sell the policies while in case of Bancassurance
arrangement, the employees of the insurance company (FSCs) source the business.
Criteria to become a corporate agent: As the insurance contracts are highly technical in
nature, the regulations issued by the IRDA stipulated that canvassing should be done only by
“specified persons” engaged by the Corporate Agents and such specified persons should
have the qualification prescribed by the authority. In case of corporate executives also, the
IRDA has prescribed certain qualifications to obtain a license.
In other words, in order to become a corporate agent, the corporate agency should have the
people who posses qualification as prescribed by the IRDA and also the persons working for
the particular agency should have a legal license which would enable them to act as solicitor
or the procurer on behalf of the agency. One more condition is that license should be issued
by a competent authority.
The decision to engage any person as a Corporate Agent will be taken only in the corporate
office of the Insurance company and proceedings appointing the „Person‟ as Corporate Agent
will be issued by an officer who will specially be designated by the Chief Executive Officer
to issue such orders. The officer so designated shall maintain a list of corporate agents
appointed by the company and will be responsible for ensuring that the corporate agents
comply with the regulations and the circulars and instructions issued by the authority from
time to time. The officer will also communicate to the IRDA the updated list of corporate
agents engaged by the insurer on half yearly basis. In this communication, the officer should
specially highlight the cancellation of licenses, if any and give brief reasons leading to the
cancellation.
Potential corporate agents can be:-
lInstitutions having high customer base in rural regions – Micro Insurance – High
customer base to be exploited in this segment, eg. ITC, etc.
lNGOs
26 q Bimaquest - Vol. VIII Issue I, January 2008
Distribution Channels in Life Insurance
lRelatively new and untapped NBFCs like Religare, etc.
lRetailers
2. Brokers
INSURANCE BROKERS ASSOCIATION OF INDIA (IBAI) is the IRDA-recognized apex body of all
licensed insurance brokers in India.
An insurance broker can save you, the insurance buyer, time, money and worry. Insurance is a
wasted purchase if it doesn't provide cover when disaster strikes. Many people unwittingly put their
livelihoods at stake, under-insure or overinsure, because they did not seek the right advice.
Whether you are arranging car, house, life or business insurance, brokers represent you, the buyer.
They shop around, provide advice, arrange the insurance and help with claims. It's a broker's job to
provide you with the most comprehensive and appropriate protection to suit your needs.
Why use a broker?
Insurance broker represents the insurance buyer, and not the insurance company (insurance seller),
though the remuneration of insurance broker is paid and borne by the insurance companies. There is
no additional cost to the insurance buyer for placing business through insurance broker.
Insurance brokers have been introduced into the indian market by insurance regulatory and
development authority (i.r.d.a.) as professionals, who will truly represent and service the interests of
insurance buyers.
Insurance brokers have qualified and experienced insurance experts and can buy insurance for their
clients at the most competitive premium rate and terms.
Insurance brokers provide a package of services to the insurance buyer, including post-insurance
services as well as assisting in submission of claim documents to insurance company. Please see
annexure for functions of insurnce brokers.
Insurance brokers have to obtain licence from the i.r.d.a. before they carry on insurance broking in
india and the operations of insurance brokers are monitored and controlled by i.r.d.a. a copy of code
of conduct prescribed by i.r.d.a. for insurance brokers is enclosed.
Insurance brokers are different from insurance agents. Insurance agents represent a given
insurance company, and not the insurance buyer. Thus, insurance agents sell the insurance policies
of a given insurance company, taking care of the interests of the insurance company (insurance
seller), and not of the insurance buyers.
Insurance brokers are professionals and represent the insurance buyers only, and not the insurance
company. Insurance broker can place the insurance of his client with any insurance company, in the
best interest of the insurance buyer. Thus, the insurance broker is a single window solution for all
insurance problems of the insurance buyer with all insurance companies.