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Caselet 01The Chennai-based United India Insurance (UII) is setting up an office in Chennai to handle personal lines of business which come under the non-traditional business category. UII is also planning to sell personal lines of insurance products through its 21,000 employees. Instead of being restricted to any geographical area, UII's new regional office will oversee its retail insurance business across the country. A consultancy firm has been appointed to conduct a feasibility study of UII's proposal to float a full-fledged insurance subsidiary for retail insurance products. The board has also authorized the management to examine the proposal... Caselet 02Dalai is the owner of MG Consultancy and Advisory Services. One day, when he entered his office, his secretary Deepthi told him that a client, Indhra was waiting to meet him.
Caselet 03It is expected that in the wake of the decreasing returns on government securities, the Life Insurance Corporation may go in for another round of reduction in the returns on its policies. Ramamurthy, the acting chairman of Life Insurance Corporation of India, held a press conference to clarify the company's investment strategy and plans for new distribution channels...
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