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Tag Archive: default insurance


Yesterday attended a leadership program at South Mumbai. It was great to hear how the Indian companies have continued to aspire bloggenerations through Leadership. They are well known brands across the globe and some of them are pioneer in themselves.

Coming back to the topic Kingfisher, on the basis of personal vanity, and continued vanity is now shrinking Vijay Mallya business from empire to kingdom as Kingfisher’s Rs 7,000 crore dues force him to sell large parts of his better businesses bit by bit.

The short point is this: in his blind pursuit of a “sexy” hubris-driven business like civil aviation, Vijay Mallya is now about to lose his crown jewels. His is a classic demonstration of management guru Jim Collins’ five-stage process of letting a business slip from success to failure. Only, in his case, Mallya has lost more than just one business. He is losing half his empire.   Continue reading

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There is a very interesting column done in the mint today on the insurance policies which die due to lapsation or the product cost is too high.

Insurance in India is still a huge commission based business what is interesting the lapsation ration is on the high-rise from the data collected.

In insurance, customers return this product by either letting their policy lapse or by voluntarily surrendering their policy. In case of the non-linked business (term, group, health and endowment plans) for Birla Sun Life Insurance Co. Ltd, the lapsation ratio was as high as 72% for FY11.

Lapsation ratio indicate the number of policies lapsed divided by the average number of policies
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