Secret Business Tips

Posts Tagged ‘insurance companies’

Entered the competition between insurance companies and agents, a critical stage of the market especially with the price break and the entry of banks on the line of insurance through its partnership with the insurance companies, And requiring its customers to dealers and importers through the process of opening letters of credit and banking facilities with a specific insurance company, which led to confusion and concern, the insurance companies that do not have partnerships with banks, and the loss of a large part of market shares.

Wrong practices
Hisham Al-Halabi, a member of the Governing Council of the Federation of Insurance Agents and the Under-organization of the Syrian Insurance pointed to wrong practices exercised by some private banks by abolishing the role of the insurance agent, and pressure on the importer of the Syrian version of contract of marine insurance directly by the managers of banks (credit and insurance policies) so that it ends the role of insurance agent to meet personal benefits or contracts with some private insurance companies. He revealed that some private insurance companies provide discounts illogical by more than 50% of the minimum fees (shipping) and through its employees are not allowed to do so by the Insurance Supervision Authority, shows that the Syrian General Organization for Insurance lost 90% of customers being committed to laws of body and Atmars errors mentioned. And demanded the cancellation of compulsory insurance for maritime transport and leave it practiced by the merchant on a voluntary basis or re-consider the feasibility of restricting the compulsory insurance of the Syrian General Organization for securing the fact that few of the right (ie from the right of the State) in respect of insurance compulsory for cars and insurance mandatory for Maritime Transport (c) The organization issued insurance contracts through the Federation of Insurance Agents in Syria in order to prevent the brokers, hackers, and rehabilitation and prestige of the Union of Insurance Agents and founder of Insurance in Syria, which has considered the existence of hundreds who were living in it. Read the rest of this entry »

February 2011 VTB-Armenia Bank customers bank transactions at the same time can get certificates of insurance, including voluntary apahovagrutyamb: Customers can use this service to all bank branches.

VTB Bank and ROSGOSSTRAKH-ARMENIA “and” INGO ARMENIA “Insurance companies work together kkhnayi Bank customer time employees of the bank will provide customer service consulting apahoagrutyan issues.

Retail Business Development Department Director A. Khachatryan, “Banking and insurance business in Armenia continue to form a unified functional and organizational system of many countries, banks are selling insurance certificates to one of the main sources of financial service consumers’ way of thinking implies several transactions: the client saves time and evaluate the : So far, VTB Bank offers its customers only APPA apahoagrutyun, but the only way we chsahmanapakvetsink and invested in other types of insurance sales system. The bank is ready to offer its customers accidents insurance, real estate and vehicle insurance. Of course, bank certificates of insurance specifics of the sale is important is that the client may aphovagrakan certificate obtained on credit.

The most basic life insurance is an annual long-term policy. Each year, the premium is slightly higher than a person ages. Insurance developed a level premium policy, which stopped the increase of annual premiums for the insured. Insurer has substantially all the bonds in the age of 0 to 100, then divided by 100. This means that in the early years of the policy, the insured needs more money to pay the cost of pure insurance financing, then in recent years, the premium is lower than the cost of pure insurance.

The end product itself can be designed for a period of any duration, such as 5, ie the years 10, 20, 25 or 30 The method of calculating the average premium is the same in each case.

However, this new product has caused problems. Insurance companies know that to keep the vast majority of policyholders a policy for life. Therefore, raise the level of term premiums paid subscribers and its political future. Insurance companies were happy because they have learned to keep the money. But over time they developed the concept of salvage value.

Buy mortgage insurance, also produced does not mean peace of mind, insurance companies, the conditions of the mortgage insurance claims to make strictly limited. According to “Shanghai individual housing mortgage insurance policy clause” provides that the following ten cases, the insurance company is not compensable:

1, housing due to faulty design, defective material, poor technology, building settlement and other reasons as well as natural wear and tear, caused by the loss of normal maintenance;

2, before the accident, buyers did not perform “personal housing mortgage contract” agreed the outstanding loan repayment obligations, the amount of principal and interest;

3, war, similar to the conduct of war, military operations, armed conflict, strikes, riots, civil commotion, causing the death or loss of home buyers repayment ability;

4, nuclear radiation or contamination caused by the death or loss of purchase repayment ability;

5, administrative actions or enforcement actions, resulting in the death or loss of home buyers repayment ability;

6, due to earthquakes or earthquake causes death or loss caused buyers repayment ability;

7, for buyers or their family members by the intentional act, resulting in the death or loss of home buyers repayment ability;

8 buyers lost due to illness or death of repayment ability;

9, due to suicide, self-injury, excessive drinking, drug abuse, criminal acts caused the death or loss of home buyers repayment ability;

10 buyers from unauthorized changing the structure of.

In addition, insurance companies, also provides buyers must fulfill the following obligations, or when the accident came, the insurance company will not be compensated.

1, insurance, the homeowners insurance company shall truthfully inform the housing situation.

2, when signing the insurance contract paid off all the premiums.

3, shall comply with state fire, safety requirements, maintenance of housing security.

4, such as content as specified by the policy changed, the insurer shall promptly apply to the marking procedures.

5, such as loss, home buyers should be actively rescue, so to reduce the losses to a minimum, while protecting the scene and immediately notify the insurance company to help survey.

Also, according to insurance terms, only repay the loan principal repayment unexpected when people can receive compensation. The parameters involved in loan-repayment who have accidents and insurance companies will not accept the claims of.

Social credit system in China has yet to be perfect conditions, the banks to resolve their own credit risk, often require buyers to purchase loan insurance. However, the current credit insurance contracts are far from perfect, to a certain extent, against the interests of buyers, mainly in the following areas:

First, the actual commitment of less than the contract.

Loans to the general provisions of insurance contracts, insurance period and the term of the loan agreement, insurance contract, delivery of house from the date of purchase until the date of the borrower to pay off principal and interest. Most home purchase loans is Being Built, and the actual delivery of house loan is on a time difference, common first loan, after the delivery of house phenomenon. The premiums start from the loans begin to accrue from the date of closing, since the insurance contract from the purchase contract, beginning from the date of delivery of house commitment, not to mention not Jiaofang also take insurance.

Therefore, the insurance companies of the insurance period was shorter in term of the loan. In the delivery of house on loan to this window period, the insurance company does not assume any liability insurance.

Second, a one-time payment of all premiums.

Although some insurance companies provided insurance in the contract, “the annual fee, billed annually,” but in practice, often one-time charge for decades.

This is essentially free of charge for decades occupied the home buyers interest income and increased financial burden on home buyers. Insurance premiums are usually charged on a one-time explanation is that in the existing technology, if the annual collection of premiums, insurance companies must not only lots of manpower and material resources, but also to bear the buyers do not Jiaona renewal risk premium . However, this interpretation is clearly unconvincing. Read the rest of this entry »