An Agora Times report on the Indian Insurance Industry 2010

October 30th, 2022 by admin No comments »

In this article we discuss the Indian insurance market and the trends that will help companies in the United States evaluate how they can leverage from this untapped market.

The research has been conducted by the VA consulting team working with inputs from several insurance leaders in the Indian market that have worked with early entrants like Met Life,Guest Posting Zurich, ICICI and others.

Background to the Indian economy

Ever since the economy was opened up in 20 years ago India has been growing as an economy at nearly double digits.

As the working middle class becomes a sizable number the insurance industry has started growing at an incredible rate. It has grown over 200% since 2006. Even last year that insurance industry has grown by over 45%. Analysts predict the industry is going to grow at least 10% in 2010 to become a $42Billion industry. Even with this growth rate only 5% of the country is actually covered by any form of insurance.

The research has been conducted by the VA consulting team working with inputs from several insurance leaders in the Indian market that have worked with early entrants like Met Life, Zurich, ICICI and others.

There are insurance governing bodies have been formed and governing bodies have brought about a number of changes to standardize the insurance sector but more changes are expected especially in the personal and life area.

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Minimum Car Insurance Requirements for Drivers in Louisiana

April 21st, 2022 by admin No comments »

Majority of the vehicles in Louisiana are covered with auto insurance. In Louisiana, it is a requirement for all types of cars to be covered with insurance. Examples of vehicles that don’t need insurance coverage include parade vehicles and vehicles owned by the government in Louisiana. The liability insurance limit in Louisiana is 15/30/25. It means that you have to buy bodily injury coverage worth $15,000 for person. The insurance coverage limit for per accident is $30,000. For property damage, the liability insurance coverage limit is $25,000.

Uninsured/underinsured insurance is an optional coverage In Louisiana. The uninsured/underinsured insurance provides protection for motorists that are hit by drivers without insurance or insufficient coverage. It provides protection for any accident victim that suffers from bodily injury. Although it is not a requirement in Louisiana, it is recommended that you purchase it. To protect you from bankruptcy, you should purchase sufficient insurance to cover all the damage costs that are likely to incur in the accident.

If you are using a rental car, you have to buy the rental car insurance. The requirement for the rental car insurance is different than the requirement for the liability insurance. You can obtain the rental car insurance for free if you have a credit card. You have to purchase the rental car insurance if your credit card company does not offer it for free of charge.

Every driver must provide proof of financial responsibility. You are required to show the insurance card when the law enforcement officer request it. It is important that you carry the insurance card no m matter where you go. If you did not carry the insurance card, you will be fined. The amount of fines incurred the driver depends on how long you take to produce the document proof. If you manage to provide the insurance coverage proof within 10 days, you won’t be fined. If you produce the proof between 11 – 30 days, you will be charged with a fine of $50. If you tarry up to 90 days, you will have to pay a $125 fine. If you take more than 91 days to show the insurance proof, you will be fined up to $225.

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How Your Business Is Perceived By Using Reputation Management

March 18th, 2022 by admin No comments »

Is it true that you are keen on finding out about dealing with your standing? Have you been searching for accommodating and solid data? Indeed, this article will ensure you get a few strong ideas. It will assist you with sorting out some way to more readily deal with your standing.

Posting data via online media locales is essential to your business’ standing. You should post a few times each week at any rate to actually run an advertising effort. Assuming you see that posting via online media locales is overpowering, consider recruiting an aide to make your posts for you.

At the point when individuals invest in some opportunity to offer something about your business, it is vital that you are sufficiently gracious to answer. While you might be an extremely bustling individual, it shows your crowd that you really care about them and what they need to say. This is imperative to keep a consistent client base.

At the point when you talk with your crowd, ensure that you do as such in a conversational tone. Individuals try to avoid the possibility of entrepreneurs continuously addressing them with promoting to them. While you would like to make a deal, you ought to never cause a client to feel like this is your main concern.

Be grateful. Assuming somebody leaves a decent audit about your organization, send them an individual message and express gratitude toward them for their criticism. On the off chance that conceivable, send your client a coupon for a specific percent off on their next buy as a much obliged. In the event that this is preposterous, earnestly say thanks to them for their input.

Assuming you will utilize anybody’s thoughts, you ought to constantly make a point to give them credit for that. Everybody out there can advance a little from others, so giving due credit will show individuals that you don’t think you are over that. This is an extraordinary method for getting their appreciation.

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