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Insurance world - October 2015

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Motor Insurance,India is the fifth largest insurance market in Asia owing to its USD 30 billion net worth of insurance industry. At present, there are 52 insurance companies in India of which 24 are into life insurance business while 28 are into non-life insurance. Motor insurance contributes to about 44 per cent of the entire market portfolio primarily because it is statutory under law.Motor insurance provides protection for a vehicle against financial loss as well as liability that could result from an accident or a theft. The two types of policies available under this are: a) Own damage, b) Third –party. Own damage insurance covers liability against damages to one's own vehicle as well as damages to the vehicle and injury or death of the third party. Third party claim is a coverage category of motor insurance where the insurance company agrees to cover the policyholder, if sued in the court of law or held legally liable for injuries as well as damages to the third party. Typically, third party claim policies cover vehicle collision and physical injury to the human life as mandated by law (The Motor Vehicles (MV) Act, 1988 directs compensation payment to the victims of accidents due to usage of motor vehicle (s), in public places by the owner (s), as the case may be).

Insurance world Description:

Uitgever: Insight-Media-Publications

Categorie: Business

Taal: English

Frequentie: Monthly

The Insurance World monthly magazine is one of the leading magazines in Insurance and Investment sector which is having large number of subscribers and all over India circulation.INSURANCE WORLD is a trade (business-to-business) publication serving carriers, distributors, retail salespeople, and support-service companies in the insurance and financial services industry published monthly since January 2002.

Every month we are covering some special subject as cover story. In addition to that we have column like Face to Face and Personality. We would like to have interviews of your top executive in our column Face to Face and Personality. We look forward to your valuable advertisement.

INSURANCE WORLD provides timely, practical, useful sales ideas, marketing insights, and resource information for insurance and financial services sales professionals, to help them service their clients more effectively. In so doing, IW also delivers a large, well-qualified audience for companies trying to reach these sales professionals with their marketing messages.

INSURANCE WORLD has pursued its mission longer than nearly all of our competitors and has built the largest, most loyal subscription base of qualified readers in our targeted industry. As measured by our advertising “cost-per thousand,” IW is vastly superior to its closest competitors in the value delivered to advertisers. Readership surveys consistently rank IW ahead of its competition in perceived value to subscribers as well.