VoyForums
[ Show ]
Support VoyForums
[ Shrink ]
VoyForums Announcement: Programming and providing support for this service has been a labor of love since 1997. We are one of the few services online who values our users' privacy, and have never sold your information. We have even fought hard to defend your privacy in legal cases; however, we've done it with almost no financial support -- paying out of pocket to continue providing the service. Due to the issues imposed on us by advertisers, we also stopped hosting most ads on the forums many years ago. We hope you appreciate our efforts.

Show your support by donating any amount. (Note: We are still technically a for-profit company, so your contribution is not tax-deductible.) PayPal Acct: Feedback:

Donate to VoyForums (PayPal):

[ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, [4] ]

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Date Posted: 19:30:56 02/23/03 Sun
Author: chandannewsy
Subject: insurance

IS LIMITING THE PREMIUM ON RIDERS A WISE MOVE?
The Hindu Business Line, 22 July 2002

The advent of private life insurance companies has increased the variety of policies offered. New offerings came in the form of riders, extra benefits attached to the main policy for an additional premium.

For instance, consider a single premium insurance policy that is oriented towards customers looking for an attractive return on investment.

An additional premium will fetch an insurance cover against a critical ailment, such as cancer.

Thereby, the base policy and a rider can be as different as chalk and cheese.

A recently introduced regulation limits the premium on the riders that accompany a policy to 30 percent of the premium on the base policy.

This regulation, to say the least, has stirred a hornet's nest.

Private insurance companies appear unhappy with the premium limit on riders because it seems to neutralise their forte.

The biggest benefit following the arrival of private players is that customers have greater freedom in choosing a suitable insurance policy.

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Replies:

[ Contact Forum Admin ]

Forum timezone: GMT-8
VF Version: 3.00b, ConfDB:
Before posting please read our privacy policy.
VoyForums(tm) is a Free Service from Voyager Info-Systems.
Copyright © 1998-2019 Voyager Info-Systems. All Rights Reserved.