A three-member team of experts, including Pradeep Ghosh of the NGO Oasis Bhopal, Dr T V Ramesh of Insurance brokering firm Alegion in Chennai, and Shyamala, director of Adi (formely Spastic Society of Northern India, has been working on the insurance scheme with the actuaries of insurance companies for the last four months.
Pradeep Ghosh, one of the experts working out details of the insurance scheme with actuaries, said it was likely to be implemented on a pilot basis in one or two districts to begin with and would be spread out to the rest of the country in phases. Ghosh added that it was a big achievement for the disabled as they had been denied insurance cover by all companies so far.
Ghosh himself an Ashoka social entrepreneur who was formerly with the IT sector said the insurance companies came forward for a Governemnt-supported insurance scheme after disability activists and lawyer Colin Gonsalvez threatened last year to move the court on the denial of insurance cover to disabled.
Poonam Natarajan Chairperson of the National Trust said that the scheme was being processed and she would not be in a position to give details now.
However sources said that the insurance cover would later incorporate products like endowment policies which would provide pensions to the disabled.
The two national agencies on disability would be sending a proposal of demands to the insurance companies and the scheme is likely to be implemented in this financial year, sources said.
Thursday, November 27, 2008
Wednesday, November 26, 2008
Key Benefits of PRAVASI SURAKSHA
Key Benefits of PRAVASI SURAKSHA
• Covers Death due to accident, P.T.D (Permanent Total Disability) due to accident, Loss of one eye/one limb due to accident and
Loss of both limbs / one eye and one limb or both eyes.
• If the death of the insured occurs due to accident /illness in a foreign country, the expense incurred for repatriation of the
body to India up to Rs. 50,000/- (including airfare of an accompanying person) OR if the insured is to be brought to India ALIVE
after an accident, airfare for the insured as well as for the accompanying person upto Rs. 50,000/- is payable, provided a
valid claim is admitted under PS & KA Scheme.
• Covers Death due to accident, P.T.D (Permanent Total Disability) due to accident, Loss of one eye/one limb due to accident and
Loss of both limbs / one eye and one limb or both eyes.
• If the death of the insured occurs due to accident /illness in a foreign country, the expense incurred for repatriation of the
body to India up to Rs. 50,000/- (including airfare of an accompanying person) OR if the insured is to be brought to India ALIVE
after an accident, airfare for the insured as well as for the accompanying person upto Rs. 50,000/- is payable, provided a
valid claim is admitted under PS & KA Scheme.
Who can enroll for PRAVASI VANITHA SURAKSHA SCHEME
Who can enroll for PRAVASI VANITHA SURAKSHA SCHEME ?
• Any female non-resident Indian working abroad.
• Such female non-resident Indian should already be enrolled for Pravasi Suraksha Scheme I or II OR should be applying
simultaneously for Pravasi Suraksha and Pravasi Vanitha. She also has the option to join the Kudumba Arogya Scheme
• Any female non-resident Indian working abroad.
• Such female non-resident Indian should already be enrolled for Pravasi Suraksha Scheme I or II OR should be applying
simultaneously for Pravasi Suraksha and Pravasi Vanitha. She also has the option to join the Kudumba Arogya Scheme
Who can enrol for KUDUMBA AROGYA ?
Who can enrol for KUDUMBA AROGYA ?
• Any Non Resident Indian who has already enrolled for the Pravasi Suraksha (PS ) Scheme.
• Spouse, of an NRI who has already enrolled in the PS & KA Scheme. He/she can be resident in India or abroad.
• Children, of an NRI who has already enrolled in the PS & KA Scheme. They can be resident in India or abroad.
• Parents (below 70 years), of an NRI who have already enrolled in the PS & KA Scheme. They can be resident in
India or abroad. Parents cannot enrol in the PS Scheme
• Any Non Resident Indian who has already enrolled for the Pravasi Suraksha (PS ) Scheme.
• Spouse, of an NRI who has already enrolled in the PS & KA Scheme. He/she can be resident in India or abroad.
• Children, of an NRI who has already enrolled in the PS & KA Scheme. They can be resident in India or abroad.
• Parents (below 70 years), of an NRI who have already enrolled in the PS & KA Scheme. They can be resident in
India or abroad. Parents cannot enrol in the PS Scheme
Who can enrol for PRAVASI SURAKSHA
AmulyWho can enrol for PRAVASI SURAKSHA ?
• Any Non Resident Indian; and alongwith him/her
• Spouse of the NRI even if he/she is resident in India
• Children of the NRI even if they are resident in India
• Any Non Resident Indian; and alongwith him/her
• Spouse of the NRI even if he/she is resident in India
• Children of the NRI even if they are resident in India
Thursday, November 13, 2008
VPI
Pet insurance is a system of protecting the lives of the pets, like dogs, cats and puppies. After insuring the pet, the pet insurance companies are responsible to look after the pet in their illness and injuries. VPI (Veterinary Pet Insurance) was introduced in 1982 and providing health insurance for pets. Pet insurance company takes annual physical reports of pets and gives vaccinations. Pet insurance covers the medical problems, accidents, illness and injuries of pets. Pet insurance gives most comprehensive and flexible care, and peace of mind to pets and their owners. Pet insurance is one of the best ways to keep the life of your pets safe. Furthermore, some form of insurance covers the pet insurance up to 1/8 of all pets in the United Kingdom and less then 1% of American pets. Consequently, more and more American owners of pets are buying the pet insurance for their pets as well.
Life insurance is a policy
The whole life insurance is a policy that pays a lump amount on the death or other illness. The level of sum varies between the fixed sums to one that is very needy on the other operating costs. The whole life insurance is an accord that is assured by the individual for whole life and not limited in future for serious illnesses, such as aids and cancer etc. The life insurance has generally many types, like donation, imprecise premium, limited payment, single premium and economic.
Protection Policies
Life Insurance falls into two major categories, namely Protection Policies, and Investment Policies. Nobody is adequate to take part in the settlements of life insurance. Generally, the life insurance is completed with the people, who are over than the age of sixty-five years and hope to live between the two to twenty years more. If you want to contribute in the resolution of life insurance, then you will have to find a suitable monetary advisor. Even the act of life insurance is not much complicated for anybody. The life insurance settlements are only done for the policies, which are valued of 100,000 dollars of amount. You can have the advantages of these types of policies, such as whole life insurance policy and universal life insurance policy.
Life insurance became very popular
Life insurance is a best part of caring about the life of people. Very first record of life insurance was recorded in Roman. Life insurance was introduced first time in England, in 1600. Life insurance became very popular among the human beings for saving their lives. Life insurance is an important part for personal safety of people. Life insurance is a way to provide financial support to the family after the death of insured person. Life insurance depends on the factors of health and employment of insurer. Life insurance premium is based on the factors of age, gender, occupation and health. Insurance guarantees an explicit addition of money to a selected recipient upon the death of the insured persons. It is a security against the loss of income that would result, if the insured person dies. Life Insurance is a contract between the insurer and policy owner where the both insurer and owner agree to do their specific duties. Life Insurance cover the events of death, diagnose of terminal diseases, disability due to weak health, permanent disability and accidental death.
Individual Members
There are a number of principles of insurance. The majority of insurance policies are offered for individual members of very high classes. Automobile insurance, for instance, enclosed about 175 million automobiles in the United States in 2004. The continuation of a large number of homogeneous introduction units permits insurers to get advantage from the so-called “law of large numbers,” which in consequence states that as the number of contact units enlarges the definite results are ever more likely to turn into close to probable results. Lloyd’s of London is well-known for insuring the life or health of actors, actresses and sports figures. Dependency launch insurance coats events are rare. Large profitable property policies may insure excellent properties for which there are no ‘homogeneous’ contact units. In spite of failing on this principle, many exposures are usually considered to be insurable.
History tells
The history tells that the insurance principals were present with human beings from the beginning. Men of early times used to help each other at misshapenness, like house burn and diseases etc. The early Mediterranean sailing merchants firstly practiced this system. At the beginning of each New Year of Iran, the people gave some gift to the monarch. If the gift of someone were worth more than 10,000 derricks, he would register with the special office. The main advantage of this registration was that, the registered person could help in the trouble of the monarch and court. Now there are numberless insurance companies working today around the world and a part of population is earning by this business
economic Insurance is a form of risk management
Law and economic Insurance is a form of risk management, primarily used opposite to the risks of contingent loss. Word insurance mean is “protection against the losses”. Insurance is a risk of potential loss from one entity to the other for the exchange of premium and duty of care for the life, vehicle and other financial goods. It can be said that the insurance occurs with the appearance of human society. Insurance is intended to help the people. For example, if the house of anybody burns the people of society, the insurance policy helps the effected person to build a new house. In 600AD, Greek and Romans introduced the origin of life and health insurance. England produced his first fire insurance company in 1680, for the people whose houses burn by fire. There are two types of insurance companies worldwide, first is life insurance and the second is general insurance company.
Sunday, October 19, 2008
Automobile insurance
Automobile insurance provides safety to the motor vans, such as cars, buses, motor bikes, trucks and many other vehicles. Automobile insurance provides protection against the result of accidents and burning, or other loses. A vehicle is declared destroyed if its creative replacement is cheaper than its repair. In many countries of the world, it is must to acquire automobile insurance while driving on roads. Automobile insurance is prevailing according to the gender, age and distance. The insurance companies protect consumers from serious financial losses as a result of road accidents. Automobile is a type of insurance that cares for the policyholders against the losses connected to automobiles. The policyholders can pay money for much different treatment on their requirements, like bodily injury legal responsibility, property damage liability, physical damage coverage and medical payments. Any insurance company can state a vehicle completely destroyed. In fact, the substitute of any vehicle is so much cheaper than its revamp. The automobile insurance includes three types: the insured party, insured vehicle and third party. Specially, any car or truck can be guaranteed beside the fire damage, theft and accident damages.
Automobile Insurance
The automobile insurance is connected with responsibilities, collision, uninsured motorist and comprehensive coverage. In the other words, automobile insurance is an insurance of cars and motors that is paid for cars, trucks and other motor vehicles. Automobile insurance is used to present safety against losses, because of automobile accidents. The automobile insurance quotation marks are very well-known in Canada and United States of America. The purpose of automobile insurance companies is to propose you great safety on the financial losses, if you have smashed an accident. You should pay your yearly and monthly premium and in return, the company will tolerate your all losses. In the automobile insurance quotation marks, the insurer company proffers property, medical and legal responsibility coverage to the policyholders. The property coverage is paid for harm or theft of cars and trucks. Accountability coverage is associated with the legal responsibilities and other injuries.
Medical coverage
The medical coverage is selected for the cost of treating injuries, rehabilitations and memorial service expenses. A number of other cities have also the facility of automobile insurance. For example, Florida has also a number of automobile insurance companies offering great insurance packages. If you want to contact with an automobile insurance company, you should check the information about best automobile insurance company from internet.
What if I am not satisfied even with the decision of the appellate authority?
What if I am not satisfied even with the decision of the appellate authority?
Under the Act, if you are not satisfied with the decision of the appellate authority within IRDA, you can appeal to the Central Information Commissioner appointed in terms of Chapter 3 of the Right to Information Act, 2005.
Under the Act, if you are not satisfied with the decision of the appellate authority within IRDA, you can appeal to the Central Information Commissioner appointed in terms of Chapter 3 of the Right to Information Act, 2005.
Do I have a right to appeal?
Do I have a right to appeal?
Under the Right to Information Act, 2005 you have the right to appeal if you are not satisfied with the information provided by IRDA or its decision not to provide the information
Under the Right to Information Act, 2005 you have the right to appeal if you are not satisfied with the information provided by IRDA or its decision not to provide the information
How long will IRDA take to provide information?
How long will IRDA take to provide information?
IRDA will, within 30 days of receipt of the application for information along with the fee, communicate to the requestor whether it can or cannot provide the information
IRDA will, within 30 days of receipt of the application for information along with the fee, communicate to the requestor whether it can or cannot provide the information
Will I have to pay to get the information?
Will I have to pay to get the information?
As per the Right to Information (Regulation of Fee and Cost) Rules, 2005, the public authority shall charge:
- Rs.2/- for each page (in A-4 or A-3 size paper) created or copied;
- actual charge or cost price of a copy in larger size paper;
- actual cost or price for samples or models; and ?
- for inspection of records, no fee for the first hour; and a fee of Rs.5/- for each 15 minutes (or fraction thereof thereafter)
Further, to provide information under Section 7(5) of the Right to Information Act, 2005, the public authority shall charge:
- Rs. 50/- per diskette or floppy; and
- for information provided in printed form at the price fixed for such publication or Rs. 2/- per page of photocopy for extracts from the publication
As per the Right to Information (Regulation of Fee and Cost) Rules, 2005, the public authority shall charge:
- Rs.2/- for each page (in A-4 or A-3 size paper) created or copied;
- actual charge or cost price of a copy in larger size paper;
- actual cost or price for samples or models; and ?
- for inspection of records, no fee for the first hour; and a fee of Rs.5/- for each 15 minutes (or fraction thereof thereafter)
Further, to provide information under Section 7(5) of the Right to Information Act, 2005, the public authority shall charge:
- Rs. 50/- per diskette or floppy; and
- for information provided in printed form at the price fixed for such publication or Rs. 2/- per page of photocopy for extracts from the publication
At what stage will I have to pay this cost?
At what stage will I have to pay this cost?
If IRDA has the information and can provide it to you it will, within 30 days of its receiving the application along with appropriate fees, communicate to you the cost of providing the information as prescribed under Section 7(1) of Right to Information Act.
If IRDA has the information and can provide it to you it will, within 30 days of its receiving the application along with appropriate fees, communicate to you the cost of providing the information as prescribed under Section 7(1) of Right to Information Act.
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