About the Client:
A genteel, highly professional and stable organisation, this client has grown steadily since the 1990s without ever retrenching anyone. They hire for attitude and train for skill. Most staff have been there for over 10 years and they seldom leave.
Flexi-time, generous bonuses and the opportunity to learn and continuously evolve is encouraged. They follow an Agile methodology and are involved in a wide range of services designed for the medical aid, financial institutions and the telco sector.
A cornerstone of the business is research and innovation and continuous improvement. This environment is best suited to someone who enjoys learning, collaboration and working in a team.
About the Client:
A genteel, highly professional and stable organisation, this client has grown steadily since the 1990’s without ever retrenching anyone. They hire for attitude and train for skill. Most staff have been there for over 10 years and they seldom leave.
Flexi-time, generous bonuses and the opportunity to learn and continuously evolve is encouraged. They follow an Agile methodology and are involved in a wide range of services designed for the medical aid, financial institutions and the telco sector.
A cornerstone of the business is research and innovation and continuous improvement. This environment is best suited to someone who enjoys learning, collaboration and working in a team.
Life insurance industry bucks recent slump, registers 21% growth in February
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Synopsis
The NBP which is a key metric to gauge the performance of life insurer grew to Rs 22,425.21 crore in February for India’s 24 life insurers, compared with Rs 18,533.19 crore in the same period last year, latest data from Insurance Regulatory and Development Authority (IRDA) showed.
Agencies
LIC recorded 24 per cent growth in NBP to Rs 12,920.57 crore, compared with Rs 10,404.68 crore, the data showed.
India’s life insurance sector registered a strong new business premium (NBP) growth of 21% in February, bucking its recent trend where it registered either tepid or negative growth since November.
The Journey of Success of the National Insurance Academy (NIA), Pune
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Mediawire | Feb 16, 2021, 16:15 IST
With a vision to become a global institution of excellence in learning and research in Insurance, Pension and allied areas, National Insurance Academy (NIA) was jointly established by the Govt. of India along with the Public sector Insurance companies on 16th December 1980.
In the initial years, National Insurance Academy was providing Management Development programs to the executives from the public sector Insurance companies. But slowly and steadily they became a centre of Insurance, Pension and allied sectors education for the South Asian, South West Asia and African countries too.
Claim settlement ratio of LIC slips
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Last Updated: Feb 10, 2021, 09:39 PM IST
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Synopsis
The life insurance industry in total paid 8.46 lakh claims on individual policies, with a total payout of Rs 18042 crore in the FY20, data from the latest Insurance Regulatory and Development Authority of India’s annual report showed. Claim settlement ratio is a metric to gauge the percentage of life insurance claims an insurer has settled during a financial year against the number of claims it receives in the period.
Agencies
In the group life business, out of 10.26 lakhs total number of the group claims payable during FY20, life insurance industry paid a total of 9.98 lakh claims which is 97.27 per cent.