Wednesday, February 2, 2011

Have ULIP changes and reduction in number of agents started affecting revenue of Life Insurance Companies

Have ULIP changes and reduction in number of agents started affecting revenue of Life Insurance Companies

Yes- it is affecting because many companies have shown downfall in first premium income of Life Insurance Company’s during April-Dec, 2010

Growth/ fall in first premium income of Life Insurance Company’s during April-Dec, 2010


Even those companies which are showing growth-may be having it because of single premium policies which are being sold.

We know single premium policy is not something which we can consider as normal long term insurance.

The Emperor of Maladies:A Biography of Cancer

The Emperor of Maladies:A Biography of Cancer

It is nice to know about achievements of some of our youngsters, who went to USA studied, worked, progressed and have brought fame to India.

Dr Siddhartha Mukherjee, author of ‘The Emperor of Maladies: A Biography of Cancer’ is one such person.

He has came out with a 6 point formula to help India control and combat the cancer epidemic and these are:

1.Put in place a strong tobacco control programme
2.Initiate sexual health education to prevent sexually transmitted cancers like cervical and oral
3.Encourage vaccination
4.Conduct mammographyand screening of vulnerable women for breast cancer and those above the age of 50
5.Start screening for and vaccination against Hepatitis B that causes liver cancer
6.Create centralized systems modeled on comprehensive cancer centres in the US that allow researchers to share data and engage in high quality clinical work.

Out of these points 3, 4 & 5 are the ones which can be covered if the patient is covered under preventive care or is eligible for OPD treatment.

Few rupees spent on these by insurance companies can result in saving large number/amount of claim, which becomes payable when the insured has to be treated in specially/super specially hospitals for cancer.

We feel that the time has come to issue health insurance policies with OPD coverage.