venue of CM club convention at Lucknow UP on 7 -10-15

DrBhimrao ambetkar auditorium
LDA colony
Kanpuroad
lucknow, UP

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two-wheeler or four-wheeler, it is mandatory by law to have a motor insurance policy

If you own a vehicle whether two-wheeler or four-wheeler, it is mandatory by law to have a motor insurance policy. Hence, it is completely illegal to drive without motor insurance policy. If you are caught driving without any motor insurance, you will have to face serious consequences.

Having a car insurance policy is not only necessary to abide by law but it also helps to protect you against various calamities.

There are two types of motor insurance covers third party cover and own-damage cover. Motor third party insurance is mandatory by Motor Vehicles Act, 1988, to have for all vehicles plying on road whereas own-damage insurance cover is optional.

Having car insurance will save you from paying for the damages from your own pocket.

However, it is advisable to go for comprehensive cover as while third party cover offers risk coverage only in case of damage incurred to third party, the comprehensive cover also take care of your personal loss in event of an accident.

mediassist india have not yet received the data for current year policy. so it takes time for download ID cards

mail from mediassist india regarding ID cards

Dear Sir,

Greetings for the day!!

As of now we have not yet received the data for current year policy. 

In case there is any hospitalisation, we can help you with the same after we receive the coverage confirmation from your zonal and central office.

For any further details, please call 022-42499355 or mail soumyak@meidassistindia.com

Thanks and Regards
Soumya Kulkarni

Medi Assist India TPA Pvt. Ltd.
1st Floor, North Wing, Plot No 7,
Excom House, Saki Vihar Road,
Saki Naka, Andheri (E),
MUMBAI -400072
022-42499355
Website : www.mediassistindia.com

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for medi-claime group insurance ID card fallow the link

mediclaime policy for club members agents 2015-16

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pre cm club convention at lucknow 6-10-15

pre cm club convention at lucknow on 6-10-15 @ 5 pm
deliget fee Rs200
@ hotel deep awadh, 
aminabad road,
opp charbagh rly station,
 lucknow, UP

please attend without fail

secretary general

LIC agents must be paid renewal commision even after resigning job:HC

LIC agents must be paid renewal commission even after resigning from agency join in new company chennai highcourt

LIC agents must be paid renewal commission even after resigning job: HC
Updated: September 26, 2015 05:44 IST | Special Correspondent
  Â
In a first of its kind order, the Madras High Court Bench here has ruled that Life Insurance Corporation (LIC) of India agents must be paid renewal commission until expiry of insurance policies procured by them even if they had given up the agency and joined rival insurance companies.

Justice R. Subbiah passed the order while allowing a writ petition filed by a former LIC agent, D. Jerald Innocent Babu, who was denied the commission on renewal of the policies he had procured for the State-owned firm between July 23, 1997 and February 27, 2007 when he submitted his resignation.

Non-compliance

The LIC claimed that he was entitled to commission only until the date on which he had submitted his resignation and not till the expiry of the policies since he had not strictly complied with procedures prescribed for discontinuing agencies under the Life Insurance Corporation of India (Agents) Rules, 1972.

Pointing out that the rules required an agent to issue a month’s notice before giving up the agency, the LIC claimed that the petitioner took up a job in a private insurance company on the very next day of submitting his resignation letter to the Branch Manager of the LIC at Kulithalai in Karur district.

However, the judge rejected the contention by stating that taking up a job in a rival insurance firm itself would not be sufficient to deny renewal of commission unless it was established that he was also involved in soliciting and procuring customers for the rival company in which he had taken up a job.

-- 

post office Recuring deposite attaracts TDS at 10%

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great day for me to day i calculated my days of my lifeJourney

along with our agent friends liafi's great achievement in group insurance,cover, zindabad liafi

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to all my friends and wellwishers happy ganesh chaturthi

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group insurance scheme for regular agents are incresed up to 1000000 lakhs

Now IRDA has issued instructions that the premium collected by authorized agents is to be remitted within 24 hours

                                                                                            Date: 11/09/2015.
To
All  Empowered Agents,
 
RE: Facility of Net Banking.
 
The premium collected at the premium point is to be remitted to the LIC within 48 hours.
 At present there are following 3 ways to remit.
 
1)    Deposit at LIC Branch Cash Counter.
2)    Cash Deposit to be remitted in Axis Bank Branch or Corporation Bank Branch.
3)    Transfer of fund from the account of empowered agent to LIC’s Account
    through net banking in authorized Banks.
 
Now IRDA has issued instructions that the premium collected by authorized agents is to be remitted within 24 hours.  So it is important that the mode of remittance has to be quick and fast. 
 
Since the remittance is to be made within 24 hours with effect from 1st October 2015, as per IRDA guidelines, you are hereby advised to use net banking facility for cash transfer.  We may inform you that as soon as you transfer the money through net banking, your cash limit will be restored.
 
Net Banking Guide is already available in your portal.  For any assistance, please contact your Branch Manager/Manager(CLIA) and operationalise transfer of premium collected through net banking with immediate effect.
                                                                     
EXECUTIVE DIRECTOR (MKTG/CLIA) 
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remittance of cash collection o empowered agent in corporation bank

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Beware of Clauses in Policy Without IRDA Nod'

Beware of Clauses in Policy Without IRDA Nod'

CHENNAI: Beware! Your insurance company may be incorporating clauses in the policy which are not in conformity with the approval granted by the Insurance Regulatory and Development Authority (IRDA) of India.

Speaking at an event in the city on Monday, Insurance Ombudsman Virander Kumar urged  insurance holders to check the IRDA website regarding terms and conditions before opting for a policy. Citing an example, Kumar recalled a case where a private firm refused to pay claims to the relatives of the insured person because he was murdered. “As per terms and conditions of the company, the claims could not be paid to the family of insured, as it is culpable homicide,” said Kumar.

When the Ombudsman sought the original terms and conditions approved by IRDA from the insurance company, it was found that the clause was not included. “It was incorporated without regulatory approval. As a result, we asked the company to pay Rs 10 lakh to the insured,” he said.

There are also several cases where insurance firms reject claims on rather flimsy grounds. Kumar says insurance companies usually do not provide to the customer details about charges in policy. Although it is mandatory for the insurer to provide annual statement of funds, it is seldom followed, he said.

Recounting another instance, he explained a case where a private company allegedly tried to cheat a 60-year-old after insuring him for life time.

“This was repudiation of death claim of the life assured. The company rejected the claims stating that there are no funds though the insured has been paying the annual premiums for the last five years as per the premium paying terms of the policy,” said Kumar.

“When probed, it was found that the company was charging 300 per cent mortality charges without the consent of the insured. The policy continued when there was no fund value to cover the mortality charges. It was terminated five years ago without the consent of the insured. This too when the premium was insufficient to cover the monthly charges for the full year,” said Kumar

When the Ombudsman sought the details about the confirmation of the product approval of IRDA along with policy wording, terms and conditions, the insurer failed to provide it.

“However, they found it convenient to settle the claim by Rs 24.75 lakh and the person withdrew the complaint,” said Kumar.

Kumar said there could be many individuals who had bought policies and are facing similar plight but don’t know whom to approach for remedy.