Employees’ State Insurance Scheme of India, is a multidimensional social security system tailored to provide socio-economic protection to worker population and their dependants covered under the scheme. Besides full medical care for self and dependants, that is admissible from day one of insurable employment, the insured persons are also entitled to a variety of cash benefits in times of physical distress due to sickness, temporary or permanent disablement etc. resulting in loss of earning capacity, the confinement in respect of insured women, dependants of insured persons who die in industrial accidents or because of employment injury or occupational hazard are entitled to a monthly pension called the dependants benefit.
Sunday, September 4, 2011
Thursday, April 7, 2011
Anna Hazare anti corruption movement is not for anyone else, but you
We all must have heard by now that there is someone by the name Anna Hazare who is there on indefinite hunger strike against corruption. Most of us would be thinking that whatever we may do, its impossible to stop corruption. Hold on, let me tell you that this news had been distorted by Media and, yes he had been on hunger strike to fight against corruption, but his present step is in the form of getting "Jan Lokpal Bill" passed which has been stucked for approximately 4 decades.
Tuesday, April 5, 2011
Purchase Life Insurance online and benefit by saving Costs
Internet Penetration in India stands at 7%, which is not very high but still Life as well as General Insurance Industry has not utilized this mode of distribution of its products. Still they rely of Individual as well as corporate agents to sell their products. Till now, insurance companies mostly allowed to pay the renewal premium online.
Now with the launch of 3G, internet penetration is all set to rise and we have seen in last couple of years that Insurance companies have come up with few products which can be purchased online. In future, we can expect that all insurance companies will be offering Online distribution model, where one can purchase the policy online.
Sunday, March 27, 2011
Are you aware that you can get No Claim Bonus (NCB) even on your new Car
No Claim bonus is a reward in the form of a discount offered while you pay the renewal premium on your Motor Insurance Policy. No Claim Bonus is 20% for first claim free year and the same keeps on increasing by 5% for every claim free year till it reaches 50%. Afterall, why should'nt you be rewarded for being a good driver.
Thursday, March 17, 2011
RBI Hikes Rep Rate and Reverse Repo rate by 25 basis points
In line with the market expectations, RBI has hiked the Repo Rate and the Reverse Repo Rate by 25 basis points each after Quarterly Review of Monetary Policy, and has also revised upward inflation target to 8% from earlier year-end expectation of 7%.
Food inflation may not come down in a hurry. Global oil & commodity prices, which have remained high for some time. With high inflation, real interest rates have remained negative and we expect that RBI would continue to hike rates as least by 50 bps more in the coming months in a phased manner.
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