Saturday 08, October, 2011 -- In order to reduce transaction costs and ensure swift modifications in insurance policies, the sectoral regulator Irda today unveiled guidelines for issuing them electronically. It also laid down the guidelines for repositories, which compile and store data about policyholders on behalf of insurance companies. "The objective of creating an insurance repository is to provide policyholders a facility to keep insurance policies in electronic form and to undertake changes, modifications and revisions in the insurance policy .. . . .
Saturday 08, October, 2011 -- Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited today announced the launch of Life Insurance Simulator (LIS), aimed to make the customer aware of importance of financial planning. LIS is an interactive financial need assessment software that takes the customer through a series of simple steps to assess the amount he requires for each of his needs and if his current savings and investments are adequate to fulfil them. LIS is available in English, Hindi, Punjabi and Kannada. "LIS has been designed . . . . . . .
