| ign="center"> | | | | special insurance products that highlight the need of |
| Insurance in recent times has turned out to be quite | | | | protection against flu and in the mean time also |
| a life saver for people who have invested in it. | | | | provides monetary assistance in the wake of any |
| However, speaking of the state of Indian insurance | | | | unfortunate contraction of the disease. The idea is |
| segment, funds are continuing to flow in, thanks to | | | | definitely result-oriented since the epidemic is very |
| the pre-existing unit-linked insurance plans. The | | | | much in picture even now and if it is this approach |
| practice has fetched big returns to life insurance | | | | that can actually help them in cashing on to the |
| players plainly because of the fact that investors are | | | | situation. If the initiative proves successful then the |
| anticipating better returns on account of the so-called | | | | whole health insurance industry can expect a |
| resurgence of Indian economy. | | | | non-sponsored bail-out package. |
| With life insurance schemes going great guns, the | | | | Already IDBI Fortis Life insurance has drawn the first |
| possible nemesis of slowdown is nowhere to found. | | | | blood by announcing that the company will be paying |
| However, the industry experts still believe that it will | | | | out policy claim of the insured's nominee if the |
| take sometime for market to actually recover from | | | | former dies of Swine flu. Thus, the race is quite |
| the damage that it has incurred in the past fiscal. | | | | apparent. Moreover, with rainy season coming late to |
| Already Life Insurance Council of India (which is the | | | | Indian cities, chances of this pandemic spreading into |
| industrial body of 22 life insurance companies) has | | | | each corner of the country has increased drastically. |
| declared of a better year in the waiting, as the | | | | This is the reason why government has asked public |
| insurance business for life has already amassed Rs. | | | | hospitals to be ready with state-of-art medical |
| 12698 crores as renewal premium for Ulips for the | | | | treatment and equipments. Also the fee factor has |
| quarterly period of April-June of this financial year. | | | | also been made nominal by them. However, with |
| The figures undoubtedly, are encouraging since | | | | private hospitals too being asked to join the league, |
| premium collection which is a primary source of | | | | health insurance business can certainly some good |
| revenue for insurance industry hasn't been that good. | | | | days ahead. |
| If that was about insurance for life, health insurance | | | | Thus, it is quite evident that insurance sector is finally |
| market too has seen a surge in its overall business. | | | | seeing some green shoots which overall symbolises |
| The so-called surge can be credited to the showing | | | | harmony in the business scene. Moreover, with such |
| up of Swine flu. Yes, the pandemic has certainly got | | | | reports cropping up, is manifestation of the fact that |
| the stationary business of players, moving. With | | | | the beneficiary party is not only the players but also |
| Swine flu cases being still reported, many of the | | | | the end-users. |
| insurance players are deeply brainstorming to launch | | | | |