Whatever is being discussed here relates to Life Insurance alone. This discussion is not applicable to other types of Insurances. What happens when an insurance company decides to cheat the public? Can they cheat? Can they evade payments to their policyholders? This article examines of that possibility. What we call actuarial tables are but death […]
Category: Insurances
YOU DID NOT LEAVE INSURANCE – WHY?
The following poem was written by Ms. ANNIE DENMAN titled ‘From the Heart of a Little Girl’. This poem was published on advertising card of the Metropolitan Life Insurance Company – MetLife – 1924. Daddy, if you know we’re hungry, Know that we are very poor, It must break your heart in heaven Because you […]
THE INSURANCE MAN
Last night as I lay sleeping, I died. Then I went straight to Swarga. The capital of Swarga is Amaravati Near the gates of Amaravati, I met its ruler Indra He said “I must check your record, please stand here and wait”. He turned a moment later and said “Your record is very bad”, On […]
LIFE INSURANCE CANCELLATION
Whatever is being discussed here relates to life insurance alone. This discussion is not applicable to other types of Insurances. It may kindly be born in mind. THE ACTUARIAL TABLES: What we call actuarial tables are not life tables, but death tables. They are carefully prepared based on the actual mortality data. In other words, […]
DEATH BY GOOGLE
In the field of insurance, we came across infinite faces of death. Understanding yet another face of death and paying the insurance money is a part of our profession. Few days ago, we came across yet another unthinkable face of death – Death by Google GPS. Google Maps are useful and dangerous too. By using […]
A MIRAGE CALLED TAX
We do not know ourselves that we believe in mirages. Tax is a mirage. When a mirage / an illusion becomes reality, then tax is welfare! Recently I was reading in the press, a prominent news. It was a head line in almost all newspapers across India. There was pride, satisfaction and the greatest sense […]
CONSEQUENCE (2003)
Never trust the ratings of IMDb. This is the lesson learnt today. As everyone knows, one of my chief occupation besides reading (less these days), writing (more these days) and watching (equal to writing) is that of researching on INSURANCE movies. It would not be out of place to mention that there are over 2500 […]
Double Indemnity
Double Indemnity (1944) was the stylistic innovation, now known as “film noir.” This movie is 79 years old. Directors John Huston and Billy Wilder recognized that the specific use of light and shadow could enhance both the themes and atmospherics of their crime thrillers. Wilder’s cinematographer, John F. Seitz, played with lighting techniques to find […]
Oceangate’s Titan submarine: “I can’t breathe”
The last message received from the Oceangate’s Titan submarine: “I can’t breathe”. The international news is full of the missing Titan submarine. Was it Insured? Does it Pay? A common man’s assumption would be that OceanGate is responsible for the accident. But it had obtained from all its passengers’ waiver, releasing them of any […]
TYPES OF INSURANCE FRAUDS
Insurance frauds are a financial crime. The US insurance industry consists of more than 7,000 companies, collect over $2 trillion in premiums each year. The size of the industry contributes significantly to the cost of insurance fraud by providing opportunities and incentives for committing illegal activities. The total cost of non-health insurance fraud is estimated […]
