PNB (Punjab National Bank) is entering Life Insurance but no one is exiting.
In various Blogs we wrote some one is entering and some one is exiting. In MetLife India Insurance Co Ltd no one is exiting but PNB is putting in additional equity. This will result in increase in equity of MetLife .The equity of other partners J& K Bank, Pallonji & MetLife will come down. This may be the case where MetLife share is coming down below 20%.
The equity of PNB will be 30%.
We appreciate ownership of banks rather than Banca Model as when the bank is investor there is a good stability and customers get service on long term basis.
Friday, July 29, 2011
Is it possible to reduce health care costs?
Is it possible to reduce health care costs?
It is very easy to increase costs. The challenge comes when you have to answer question
“Is it possible to reduce health care costs?”
The truth is yes, it can be reduced if Tiger biscuits can be produced packed transported & then sold at retail level at Rs.50 per kgm by a reputed company Brittania- then why it is not possible to reduce costs when it comes to Health care.
In health care economies can be achieved by
(a)Standardision on design of hospitals
(b)Standardisalon on equipments to be procured/ installed
(c)Use of generic medicines vs branded medicines
(d)Effective procurement of equipment/medicines by hospitals forming consortium
We are sure the cost can be brought down by 25% and the benefit can be passed on to the consumers.
It is very easy to increase costs. The challenge comes when you have to answer question
“Is it possible to reduce health care costs?”
The truth is yes, it can be reduced if Tiger biscuits can be produced packed transported & then sold at retail level at Rs.50 per kgm by a reputed company Brittania- then why it is not possible to reduce costs when it comes to Health care.
In health care economies can be achieved by
(a)Standardision on design of hospitals
(b)Standardisalon on equipments to be procured/ installed
(c)Use of generic medicines vs branded medicines
(d)Effective procurement of equipment/medicines by hospitals forming consortium
We are sure the cost can be brought down by 25% and the benefit can be passed on to the consumers.
Kothari’s may exit and Piramal group may enter ING Vysya Life Insurance
Kothari’s may exit and Piramal group may enter ING Vysya Life Insurance.
Process of coming in and going out of insurance industry continues.
As covered earlier there is a good possibility that Kothari’s who are holding 11.5% share in ING Vysya Life Insurance may sell their shareholding to Piramal group.
Process of coming in and going out of insurance industry continues.
As covered earlier there is a good possibility that Kothari’s who are holding 11.5% share in ING Vysya Life Insurance may sell their shareholding to Piramal group.
Kidnapping & Extortion insurance policy is a good product
Kidnapping & Extortion insurance policy is a good product.
The following news in HT s an eye-opener.
Businessman and HNI’s should go in for Kidnapping & Extortion insurance policy.
The following news in HT s an eye-opener.
Should Railways go in for Insurance Cover?
Should Railways go in for Insurance Cover?
Indian Railways used to have group accident policy to cover accidental deaths due to accidents.
In 2009 they stopped buying the insurance- which means they went in for option of self insurance.
Claims of the order of Rs.150 crores per year have been paid in the recent years.
Is it happening at the cost of Tax Payer’s Money?
As a Corporate Governance exercise the Railways should go in for insurance?
Indian Railways used to have group accident policy to cover accidental deaths due to accidents.
In 2009 they stopped buying the insurance- which means they went in for option of self insurance.
Claims of the order of Rs.150 crores per year have been paid in the recent years.
Is it happening at the cost of Tax Payer’s Money?
As a Corporate Governance exercise the Railways should go in for insurance?
Sunday, July 24, 2011
Profit Rule for Life Insurance IPO’s Is Scrapped
Profitability of the Life Insurance Companies was one of the important conditions for coming out with IPO’s. The profitability figure for some of the Insurance Co’s is:
The insurance regulator has scrapped the minimum three-year profitability clause for life insurers to float initial public offerings. This is good news for many companies that would have struggled for a long time for raising the capital.
With this move we can expect more and more life insurance companies to come out with IPO’s and this will give a good boost / growth to Life Insurance Company.
With this move we can expect more and more life insurance companies to come out with IPO’s and this will give a good boost / growth to Life Insurance Company.
Saturday, July 16, 2011
PSU's still retain 59% market share of Indian health insurance market (2010-11) of Rs.11145 crores
PSU's still retain 59% market share of Indian health insurance market (2010-11) of Rs.11145 crores.
The health insurance figures for the year 2010-11 are available and PSU's have achieved premium figure of Rs.6578.64 crores vs Rs.4949.67 crores(2009-10). This is 59.02% market share vs 59.09% market share which was achieved during last year.
Health Insurance Premium of Indian Insurance Companies 2010-11 vs 2009-2010
You will notice that every company has shown growth in business with exception of Chola.
Growth during the year of this portfolio is 33.05% and 5 top insurance companies and their market share are:
ICICI Lombard deserves appreciation for taking up 4th position as a result Oriental is now at 5th position in the list. Star Health has crossed figure of Rs.1000 crores by touching figure of Rs.1232.44 crores.
Our comment is- health insurance is the fastest growing segment but even then a lot is to be achieved as we have large population and it needs to be covered.
The health insurance figures for the year 2010-11 are available and PSU's have achieved premium figure of Rs.6578.64 crores vs Rs.4949.67 crores(2009-10). This is 59.02% market share vs 59.09% market share which was achieved during last year.
Health Insurance Premium of Indian Insurance Companies 2010-11 vs 2009-2010
You will notice that every company has shown growth in business with exception of Chola.
Growth during the year of this portfolio is 33.05% and 5 top insurance companies and their market share are:
Our comment is- health insurance is the fastest growing segment but even then a lot is to be achieved as we have large population and it needs to be covered.
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