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The Insurance Regulatory and Development Authority of India (Irdai) has invited bids from actuaries and firms employing such analysts to form a 'Panel of Actuaries'.
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In the 17 years since the private sector general insurance companies were permitted to write policies, hardly anything changed for nearly a decade.
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As a pilot, the insurance will be offered to the buyers of Maruti Suzuki cars in the cities of Pune, Surat and Baroda. 
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"The Ministry will push the bill for passage in the forthcoming Winter Session of Parliament beginning November 16," the source added.
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Claims ratio and number of claims pending % are important indicators of product performance.
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The premium payable for a term plan varies due to various reasons. Mentioned below are some of them. Essentially, the underwriters consider the factors on the basis of whether
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Whosoever has owned a car or a bike probably knows that No Claim Bonus (or NCB) is discount given to the insured on renewing the car insurance cover provided he/she ...
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