INSURANCE SECTOR needs
a STRUCTURAL REFORMS
1> Why Can not Insurance Companies operate as
Banks do in simple way....
2> Why there should be insurance agents at all -
They must be employed as bank employees and should
have offices exactly like that of banks.
3> Why PSU Bank insurances which are very efficient insurance tools
are not marketed well? Is Government trying to kill Public Sector ?
4> STANDARDIZED and SIMPLIFIED Few models/Plans of Life
insurance / Medi-claim / Accident Benefits /Motor insurance /travel
insurance etc should be launched
5> There should not be virtually any unnecessary competition in Insurance - Private
or Public companies. Only Zones should be divided geographically.
It should just become like how Reilance Energy Ltd and Tata power
provide electricity to Mumbai.
6> This will make each one happy (except corrupt people in Insurance industry and
IRDA ) This will make everything speedy. Speedy marketing, speedy operations,
speedy claim disbursal. Efficient and cost effective and time effective systems.
Many more poor and middle class people will be served and there will not
be any confusions in people's mind. All Marketing cheating and multiplicities
of complex Plans will be eradicated
Warm Regards
Mr. Bankim Shah
a STRUCTURAL REFORMS
1> Why Can not Insurance Companies operate as
Banks do in simple way....
2> Why there should be insurance agents at all -
They must be employed as bank employees and should
have offices exactly like that of banks.
3> Why PSU Bank insurances which are very efficient insurance tools
are not marketed well? Is Government trying to kill Public Sector ?
4> STANDARDIZED and SIMPLIFIED Few models/Plans of Life
insurance / Medi-claim / Accident Benefits /Motor insurance /travel
insurance etc should be launched
5> There should not be virtually any unnecessary competition in Insurance - Private
or Public companies. Only Zones should be divided geographically.
It should just become like how Reilance Energy Ltd and Tata power
provide electricity to Mumbai.
6> This will make each one happy (except corrupt people in Insurance industry and
IRDA ) This will make everything speedy. Speedy marketing, speedy operations,
speedy claim disbursal. Efficient and cost effective and time effective systems.
Many more poor and middle class people will be served and there will not
be any confusions in people's mind. All Marketing cheating and multiplicities
of complex Plans will be eradicated
Warm Regards
Mr. Bankim Shah
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