Page 3 - Life Insurance Today May 2016

Vol. XII No. 02 May 2016

Editor-in-Chief ISSN - 0973-4813 Editorial

Ram Gopal Agarwala LIC's total investments has swelled to Rs 19.46 lakh
B.Com., L.L.B., F.C.A. crores from Rs 16.48 lakh crores at the end of the previous
year according to LIC's annual report for 2014-15 the
Editor country's largest Life Insurer.

Dr Rakesh Agarwal IRDAI has set up a 7 member committee for establishment
M.Com. (BIM), F.C.A., DISA, L.L.B., of insurance service centres with an aim to provide prompt
F.I.I.I., P.G.J.M.C., M.B.A., Ph.D servicing of policyholder in the most cost effective manner.

Associate Editor A survey study has revealed that a majority 64% of
Indians are still risk averse and prefer traditional
Shyam Agarwal insurance covers over ULIPs(19%). The survey also found
M.Com.(BIM), A.C.A., DISA, F.I.I.I., P.G.J.M.C. that Indians are predominantly risk averse and they invest
more in bank deposits, gold, real estate and less on equity
Resident Editor products.
Dr. Abhijeet K. Chattoraj, Navi Mumbai / Pune
Dr. B. K. Jha, Sultanpur Experian Indian has announced the launch of Hunter
K. L. Madhok, New Delhi Fraud Management Services for the Life Insurance Sector
Shaik Gulam Afzal Biya Bani, Saudi Arabia in India. The offering will help Life Insurance companies
to be a part of the Hunter closed used Group (CUG) for
B. K. Tuli, New Delhi detection of Life Insurance frauds. Commenting on this
development Mr. V. Manickam, Secretary Life Insurance
R. Venugopal, Bangalore council was of the of the opinion that they were pleased to
be associated with Experian India to build a data
Registered Office depository and create a fraud monitoring frame work for
25, Baranashi Ghosh Street, Kolkata - 700 007, India Life Insurance Companies in India.
Phone : 033-2269 6035/ 3294 3723/ 4007 8428
Fax : 91-33-2273 6612 Organised crime in the Insurance Industry with respect to
E-mail : info@sashipublications.com fraudulent claims being filed; impersonating other people
Website : www.sashipublications.com for claims and cause of death being changed for
Portl: www.bimabazaar.com accidental death claims has reached an all time high.

Customer Help Line Life Insurance effective market in India is by and large
For non receipts/any other query please contact remains of approx 100 crore of people inclusive that of
E-mail : sashipublications@yahoo.com Micro Insurance for which there should be affective
Phone : 033-4007 8378 / 2218 4184 marketing as well as claims management system. Policy
Fax : 91-33-2273 6612 premium should be made affordable to the large section of
people with human approach and simple marketing.
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Life Insurance Today May 2016 3