Page 48 - Insurance Times March 2016 Sample

5 Last date for ONLINE change 30/03/2016 Notice to Candidates:
of Subject/ Centre without fees
05/04/2016 1) Fees will not be accepted through Cash/ Cheque/DD.
6 Last date for ONLINE change The candidate has to pay through ONLINE using their
Centre with fees Rs. 250/- for 10/04/2016 login or candidate can also submit their examination
every request entry form to their LOCAL Associate Institute/ Affiliated
07/05/2016 Institute/ALC's.
7 Last date for ONLINE change of (Saturday)
centre with TATKAL Late fees 08/05/2016 2) A candidate can appear for only one subject in one
Rs.1000/- for every request (Sunday) session.
15/05/2016
8 Examination Dates (Sunday) 3) Please read detailed examination time table and take
care that subjects selected by you do not clash with one
another. If you select more than one subject of the
same time-slot, no refund of fee will be made.

Service Tax at the applicable rate is payable along with fees
for the examinations to be conducted at the Centres in India.

Expenses of insurers to be clipped; return more to the policyholders

Policyholders are likely to get better returns on their life insurance policies from April as the regulator has asked insur-
ers to bring down their overall expenses. In its exposure draft, IRDAI has asked insurers to bring down their overall
expenses limit for various categories of life insurance products. But, according to insurers, if implemented, the pro-
posal will severely hit their marketing budget. "The overall expense allowances of life insurers have been reduced
significantly. Our estimate is that expenses will come down by 15-20 per cent for insurers which could result in better
returns to customers as insurers cannot spend as much as they used to earlier," said Srinivasan Parthasarathy, Chief
Actuary & Appointed Actuary, HDFC Life. "Expenses include all administrative and marketing spends, including com-
mission. So, in order to bring them down, companies can either cut commissions to agents or other general expenses
as the overall cost involved in selling a product needs to be brought down," Parthasarathy added.

FORM IV (SEE RULE 8)

1. Place Kolkata

2. Periodicity of Publication Monthly

3. Printer’s Name Janata Printing Works
(Whether citizen of India?) Yes
(If foreigner, state the country of origin) No
Address 25, Baranashi Ghosh Street, Kolkata - 700 007

4. Publisher’s Name Sushil Kumar Agarwala
(Whether citizen of India?) Yes
(If foreigner, state the country of origin) No

5. Editor’s Name Ram Gopal Agarwala
(Whether citizen of India?) Yes
(If foreigner, state the country of origin) No
Address 25, Baranashi Ghosh Street, Kolkata - 700 007

6. Name and address of individuals who own Sushil Kumar Agarwala
the newspaper and partners or shareholders Proprietor
holding more than one percent of the total capital 25, Baranashi Ghosh Street, Kolkata - 700 007

48 The Insurance Times, March 2016