Wednesday 18 May 2011

National Insurance Company Pakistan Limited (ltd)

National Insurance Corporation

National Insurance Corporation, have been converted into National Insurance Company Limited, with effect from January 2001 Order of the Insurance Act 2000. National Insurance Company Limited was approved on March 31 and took over the National Insurance Corporation, with effect from 1901, 2002. Government's decision to amend the Corporation a corporation on the grounds that the National Insurance Corporation, had over the years has evolved into a very strong financial base.

The company could make better use of that power. NICl has a paid-up capital of Rs 2000000000 compared to the NIC that has been paid up capital of Rs 5 million. Change in honor of the company by the organization of the law and the community turns to run on purely commercial lines. NICl can act as a corporation and become a role model for the insurance industry in Pakistan.

The Board of Directors has appointed a Board of Directors to manage the affairs of society. The company is led by a president who is appointed by the government. The company operates in accordance with the guidelines direct the Securities and Exchange Commission of Pakistan, according to the Insurance Ordinance 2000 and the Ministry of Commerce.

Chairman, assisted by chief executives who are responsible for the well-managed organization.

National Insurance Company Limited has three offices headed by area managers in chief. Each zone has offices to meet the needs of our customers. Our nationwide presence makes our business relationships.

National Insurance Company objectives

Main objectives of the National Insurance Company Limited

To provide insurance cover for the Government / Semi government organizations, the economic cost.
You can reduce the outflow of foreign exchange markets, reducing dependence on foreign reinsurance.
To make a significant contribution to public coffers by paying taxes and dividends.
To make prudent investments in public and private sector to maximize performance.

FINANCIALS

Market Leadership National Insurance Company is based on financial strength and ability to analyze, price, and take complex risks. With a paid up capital of Rs 2 billion is more powerful than any other Pakistani society.

National Insurance Company financial strength

Contact Information

Director General
Privatisation Commission
5-A Constitution Avenue
EAC Building
Islamabad – Pakistan
Telephone: (92-51) 920 5487
Facsimile : (92-51) 920 3076, (92-51) 921 1692)
Email: info@privatisation.gov.pk

Tuesday 17 May 2011

property insurance – home and casualty property insurance

What Is property Insurance?

Property insurance protects your business against physical damage or loss of assets. The assets also include the area where the company operates and the products provided there. In disasters such as fire, theft, explosion or vandalism to property insurance to help recoup their loss - either to repair damaged property or replace what you lost.

Home property Insurance

Home property insurance is that provides protection for your home, whether an apartment, condominium or house.

A policy of home property insurance pays the cost of damage to the actual structure of your home. Apart from that, the house property insurance also covers the contents of your home. Disasters, the cost of replacing the contents of the house of loss or damage can be costly and far more than most people care to wait. Therefore, when you decide to buy a house property insurance, make sure it includes coverage of content and coverage of the replacement cost.

Types of home property insurance coverage

Home property insurance provides coverage for liability for injury to any person by reason of negligence within the bounds of your property. In this way, paying home property insurance for the costs of a lawsuit or other legal costs if someone decides to sue you. Liability insurance is not a requirement imposed by the government for home property insurance but it could be your last line of defense against lawsuits against you profit.

When you apply for a mortgage, home property insurance required by lenders. If you rent, but you may not know this fact home property insurance. Still, it's always a good idea to budget for home property insurance, even if you rent an apartment. Natural disasters such as fires and floods can damage the house and furniture, and the reimbursement of expenses may be too expensive. Home property renters insurance coverage is in response to needs.

casualty property insurance

Property casualty insurance is insurance for homes, cars and businesses. Technically, the insurance protects the property of a person or company with interests in physical property against loss or the loss of his earning capacity. Casualty property insurance mainly protects a person or business against legal liability for losses caused by damage to other persons or damage to property of others.

dental insurance - dental insurance plans

Dental insurance

Dental insurance is insurance designed to pay part of the cost of dental care. There are several different types of individual, family or group dental insurance plans buy-some of them can be purchased through an employer, a licensed insurance agent - broker.

dental insurance plans

All of us need dental care. It is therefore important to choose the best dentist and dental plans to meet our dental needs. The dental plan can also do a good job in covering our financial needs in this regard.

It is preferable that not only must look cheap and affordable dental insurance, but rather find someone who can give the best services at a set cost.

Before you can go out and buy a dental insurance plan, a number of different factors to consider.

What Are The Usual Services Are Covered?

The dental insurance plan that best covers two cleanings within a year without charge. Fluoride treatments and x-rays and be met without adding extra cost. Normally, the price of some services is divided into two by the insurance system for patients and given the bonus plan based on the regime's policies.

How Much Will I Pay?

Dental plans are worth the price. Usually dental plans that are sponsored by an employer are the best deal you may have. Moreover, it depends on your tax situation, sometimes your premiums may be tax deductible.

Anyway, even if you are the cheapest dental plan or not you can still save money instead of paying directly out of pocket on a regular basis.

The importance of professional dental care should never be neglected, one would think that all goes well for your teeth and gums now, but a visit to the dentist is confirmed.

Saturday 14 May 2011

Fire insurance claims – house fire insurance

What is fire Insurance?

We spoke with two experts to obtain a precise definition.

The first is fire insurance expert Dave Peterson, who has worked in the insurance industry for over 30 years and served as an expert witness on behalf of applicants.

The second is Advocate Law Group partner Bob Scott, who also practiced in the insurance industry for over 30 years and is an advocate for consumer rights.

Fire insurance claims

Although a fire insurance covers most of the restoration work, you often have to go through a process of complicated insurance claim submission form that will be very frustrating. A company fire restoration professionals make such allegations insurance emergency process a much easier process because it helps the homeowner to complete the insurance claim. In addition, a catering professional doing a professional to restore your house to a condition pre-fire, it would be very difficult or impossible to achieve on their own.

home fire insurance

Home fir insurance protection in case of fire, damage to property and assets, such as housing policy more standard covers the damage. This coverage is all mortgage companies lend money to home buyers. If the homeowner has paid for the house and the property is perfect, you might consider going through a policy of dwelling house, home fire insurance in the original or a new service provider. Many different companies offer this coverage in the policies of the house, and consumers are invited to explore an apartment, what their current policies and what is not covered.

commercial insurance - commercial vehicle and property insurance

What is commercial insurance?

commercial insurance is insurance for businesses and may protect against theft, damage, liability and more. commercial insurance can save hundreds of thousands of dollars. There are several types of business insurance, so be sure to discuss your needs with an insurance agent.

commercial vehicle insurance

commercial vehicle insurance is required and owners of commercial vehicles. Commercial vehicles, vans, business, cars, or vehicles used in combination with commercial or business purposes. Just as drivers for consumers who need auto insurance, business owners need to protect the repair costs and responsibilities that are part of the operation and use of commercial vehicles.

Types of commercial vehicle insurance

There are two basic types of commercial vehicle insurance:

commercial auto insurance
commercial truck insurance

commercial auto insurance

commercial auto insurance is one of the most important aspects of your business insurance program. If your company uses a vehicle, or many vehicles, you need to ask their commercial vehicles and business issues important to professional insurance. You also want to give your business insurance professionals with a complete view of their use of vehicles.

commercial truck insurance

Everyone knows that the law now to have insurance on their vehicles. first priority of a truck driver with a truck to stay safe. It works just like children. To protect children and ensure they are safe. Well, it's the same with the safety of commercial truck insurance. You need a commercial truck insurance.

All companies need to have a commercial truck insurance. A regular vehicle insurance is not as complex as a commercial truck insurance. You can buy truck insurance commercial truck insurance company or online resources.

commercial property insurance

Commercial property in your home can be a number of different types of business, each with their own specific needs, which is why it is important to ensure that the commercial property insurance covers you against any eventuality. There may be commercial, office or website, or rent your property to another commercial project, you are protected against unforeseen events that you can leave out of his pocket, or even without a real job.

As a commercial property owner, its main concern is the welfare of the building as the space that earns you money. These are the bricks and mortar should be covered if the worst happens and superficial or structural damage done to property, leaving you with the bill and not to make money. Since then, its commercial property insurance has to ensure that his real first.

Sunday 8 May 2011

Car Insurance Premiums Increase By 40%

Car insurance premiums have risen by a record 40% in the year to fraud and personal injury claims would continue to cover the cost of the research showed today.

The average price of a comprehensive policy, based on the three most competitive quotes, was 892 pounds at the end of March was 40.1% over the previous year and the largest annual increase recorded by the AA, the index since its inception in 1994.

Young drivers continue to pay the price increases, the cost of coverage for drivers aged between 17 and 22 jump 64% to an average £ 2,431, rising to £ 3052 for young men.

The biggest trip was to cover third party fire and theft policies, often characterized by young drivers who can not afford full coverage, with premiums rising by 82.1% to £ 1,533 that companies insurance continue to leave the area and thereby reduce competition.

AA said the main factors pushing up the cost of auto insurance continues at high levels of fraud and costly, because of injuries.

The group said although the number of accidents on British roads are falling, the number of claims for whiplash injuries continued to increase, with more than 200 applications a day, often for accidents to Three years ago, in the absence of any mention of injuries were made at the time.

But he added that the recent proposals by the Lord Chancellor Kenneth Clarke to reduce the costs associated with "no-win-no fee" claims should help improve the situation if they become law.

Simon Douglas director of AA Insurance, said: "The record increase in fuel costs and speed up car insurance premiums is a disappointing news and will make driving too expensive for many people, especially cash-strapped young drivers.

"Despite the sharp increase in premiums, insurers are still losses if the large underwriting loss in 2009 is probably now been halved."

He added that although insurance premiums for motor vehicles rose by 5.9% in the first three months of 2011, during which usually cover the cost of a static, add the rest of the year was likely to be smaller and excursions price for the entire 2011 was probably greater than 20%.

But the Association of British Insurers has warned that if nothing is done to reduce the cost of injury claims, auto insurance premiums continue to rise.

Nick Starling, ABI director of general insurance and health, said: "the projects recently announced by the government to reform the civil case go a long way to reduce unnecessary and disproportionate legal costs and must carry auto insurance cheaper in the future.

"Now we have to deny the charges - if all the information about personal injury lawyers of the claimants' continue to be sold and the management company claims."

The cost of home insurance to record levels in March, as increased insurance premiums for the following winter high in the claims.

The average cost of coverage of buildings increased by 13.6% over the year to the end of March to 147.29 pounds, while premiums increased 11.9% content of 76.39 pounds.

Douglas said: "As the industry's concern for the increasing frequency and severity of extreme weather events we will see premium increases are fairly modest."

Sales Of Life Insurance Gathering

Robust economic growth and an increase in the immigrant population in Singapore last year gave a boost to the industry of life insurance, which posted an increase of 16 per cent year on year the number of total sales for 2010.

The Life Insurance Association (LIA) said that insurance companies pulled in nearly $ S 1.7 billion in new sales, up from S $ 1,430,000,000 in 2009.

Last year, the annual premium sales rose 20 percent on year to S $ 1.1 billion, while single premium sales increased nine percent to S $ 562.1 million .

Health insurance sales rose seven percent to $ 156 million S. A total of 2.35 million lives are now covered by health insurance.

Financial advisors also reporting healthy sales.

For some, revenue rose 15 percent in the last two quarters.

Alliance Financial Advisors director Raymond Ng said the investment products linked single premium and investment have increased dramatically.

Market players said the health insurance sales have increased due to increased medical costs.

MediShield Basic premiums rose 10 percent to S $ 33 in the last two years.

LIA these prospective new insurers may slow this year.

Life Insurance Association president Tan Hak Leh, said: "We expect the underlying demand for our insurance products to remain strong, especially the request for protection, protection of life insurance and health protection against disability and long-term savings to increase.

'E', however, the strong growth we achieved in 2010, we expect growth in 2011 to be lower. "

But the insurance industry could see new challenges ahead.

The sources said that the roof can be 15 staff under a Director of an agency, which can be implemented as early as next month.

Introduced in 2001, LIA has recommended that agencies had to work more effectively with 15 agents under one agency director.

Some agency leaders said that the rule limiting the profits. And the answer, said the LIA are currently reviewing the Agency's guidelines for the management and updating, if necessary.

Neb. State Auditor Slams Health Insurance Plan

Recently published review of public health insurance plan in Nebraska state troopers and other police officers to see the program is a "fiscal disaster" that has been dissipated and the lack of control, the state auditor Mike Foley said on Tuesday.

The 10-month audit was conducted in the health plan administered by the State Law Enforcement Council negotiations, which says it represents about 500 employees from the application of Nebraska law. Foley said he was motivated by "extremely high" cost of health care in the state of Nebraska, compared with other states.

Foley report details the extensive bad, including the use of $ 1,200,000 of public funds to pay health costs for workers 'buying land and constructing a building, the soldiers of the' Association of the State of Nebraska.

About $ 57,000 of the money went to buy furniture, artwork, flat screen televisions and other items for the construction, the report said. Foley said the auditors could find little or no documentation of an additional $ 60 billion has been spent.

The report shows that since 2002, SLEBC received approximately $ 5,000,000 a year, state funding and contributions of employees, even though it has never been certified bargaining units, and has never authorized, or the use of funds public.

"There was so much public money is spent so quickly with so little control, or documentation, it is difficult to know who bought what has accepted all this, where everyone is a commodity," Foley said at a news conference. "It's just been an absolute train wreck period, and a terrible embarrassment for the State of Nebraska."

SLEBC members include troops Nebraska, and some law enforcement agencies of the State Fire Marshal's Office and the Nebraska game and Parks Commission. SLEBC a representative was not immediately respond to a telephone message seeking comment.

Foley said the audit found mismanagement, which began when SLEBC successfully negotiated the ability to launch its own health insurance plan separate from the state in 2002. state money sent to the group's bank account every month without supervision, "he said.

Someone in state government "has given them access to state funds, so that funds are spent on the books of state, overseeing the auditor's office for the supervision of the office of treasurer, and so on," Foley said. "The money was simply sent each month to the bargaining unit to manage their own health system."

Foley said that nobody in the government of Nebraska, has accepted responsibility for that decision.

SLEBC said set their premiums higher than necessary to generate extra cash and $ 1.2 million to build the brick building with a floor of offices at Lincoln, opposite the Lancaster County jail.

construction of 7,200 square meters was obviously designed for income from rent, Foley said. But in the last year and a half, he said, he sat mostly empty, and only had about $ 300. The building continues to sell "fire sale price" of $ 850,000, he said.

Foley said the leaders SLEBC apparently wanted to use the money to finance its operations, but are not allowed to invest in real estate. He said the State, therefore, has lost hundreds of thousands of dollars.

"I went away on its own, without consulting anyone, and has just done this," said Foley. "Apparently, it was a terrible investment."

Foley declined to say whether the audit could lead to criminal charges, but said he expected a legal battle involving the State.

The audit also found $ 1,800,000 medical claims paid during the year, no specific explanation of services. About 1.1 million U.S. dollars in credits marked "various hospital," said Foley. Other claims are able to pay for services that would be for private insurers, or patients who would otherwise have been entitled.

Foley said some of his efforts to control information on civil servants obstruction. He said the governor's office denied him the medical records, in some cases, the argument that their release would violate the privacy of a doctor.

Sunday 1 May 2011

Life Insurance Advantages

Benefits of Life Insurance

There are various types of insurance such as Term life insurance, whole life insurance and Universal life insurance. It is a general belief that insurance is valid only for those who have families. However, there are other advantages to having an insurance plan, and some of them are detailed below:

• In case of death or illness of the insured Life insurance can be a great relief. Family and dependents are able to obtain financial support and strength.

• Using insurance, it is possible for the lessee to divide the assets for children who do not participate in the family business when the family business is disclosed.

• policy can guarantee the future of higher education of the child, the number can be used to continue such qualifications.

• The person is unable to obtain the tax benefits that the policy cash value is increased. You do not pay taxes on the cash value that has been accumulated until you take money out of politics.

• You can use life insurance to pay inheritance tax, federal taxes and other bills.

• In case of relocation, insurance is the option of funding in cash. Business owners can take this policy and move it to the name.

• Use of life insurance, you will be able to pay your personal loan or loans to companies and will be able to avoid bankruptcy.

• There are several insurance products that offer a better return for the period after the expiration date. This has more value than what is used.

Some policies have an option available that you can withdraw the money before it expires. To use this option to meet various financial needs.

Tips For Buying Life Insurance

Buying Life Insurance Tips and Guide

Find and buy life insurance for your needs is sometimes difficult. Whether it means life or whole life insurance, you may still need to learn the key factors and elements to protect themselves. You may also need to research companies most reliable life insurance can meet your needs and offer. And all this requires some basic knowledge and understanding. Thus, advice and guidance will help greatly to make the right decision.

Know your needs: First, you need to decide what type of insurance and how you need. Here you can search and / or go online and use these online calculators to know a ball park figure on the expected prices and premiums for coverage of some. Decide what suits your needs and your budget. You love to do simple calculations of how much your love needs to retire or when your brothers and sisters will be finished university. Then decide what type of insurance fits your needs.

Do not wait too long for: As the major health problems begin to support and will be very difficult and expensive insurance. Their premiums are not only too expensive but is more difficult to find a life insurance company willing to insure.

Window shopping online: There are many life insurance companies that offer online calculators and quotes to help get more relevant and important information. Finding a reliable company or insurer is also a must. Window shopping online can save up to seventy percent if you do not go directly to the insurance company and brokerage firms instead. These companies are not the direct sale of a product company, so they will give you the best deals they find on the market.

Obtain the most reliable and financially strong company: Many people believe that if they buy an insurer of the highest caliber, ie they receive the best coverage. The fact is not necessarily true. financially strong insurance companies are rated at or above the major rating agencies like Standard and Poor's, Moody's and Fitch Ratings. These are the process of rating the most renowned in the world that you can find. But not just base your decision on the rating of the company, because it does not guarantee the best deal for your buck. See what they offer, which is not offered by other companies.

Prepare Yourself For A Favorable Medical: Quit smoking if you are a regular smoker for at least one full year. Non-smoker pays cheaper premiums than smokers. Exercise and stay fit, take away those fats and cholesterol and high blood pressure. Losing weight and reducing your cholesterol and high blood pressure can save thousands of dollars over the life of the policy. Simply put, get healthy and you will have favorable medical exams.

These basic tips and guide will help you in preparing yourself if you are in the market of a life insurance. And always bear in mind the reliability and ratings of the life insurance companies you intend to deal with. So whether you are looking for a term life insurance or whole life insurance, it is important to get the basics for a more informed decision. As many people say knowledge is power.