| INSURANCE AGENTS MUST
BE CERTIFIED PLANNERS
YOUR insurance agent can become your financial adviser too.
This is what successful insurance agents are aspiring to be
to survive in a competitive environment.
The Life Underwriters Guild of India (LUGI) has at various
forums emphasised the importance of education to its members.
The LUGI President. Mr. R Srinivasan. told Business Line. said
“Less than 10 persons are certified planners today”.
Mr. Srinivasan’s focus has turned to education since taking
over as the Honorary Secretary of the Asia Pacific Financial
Services Association, last month. Stated to be the first Indian
to have been elected to this post, Mr. Srinivasan said during
his two year term, his task would be to motivate and ensure
that more agents become financial planners / advisers.
‘LUGI’s focus is in enrolling 500 to 1.000 agents this year
for the CEP examination,” he said, and added that an independent
board conducted the examination twice a year. The Asia Pacific
Financial Services Association. Mr. Srinivasan said, proposed
to conduct the FChFP (Fellow, Chartered Financial Practitioner)
examination also in India from this year.
Courtesy Business Line .
DO I GET A DISCOUNT ON MY CAR POLICY IF I INSTALL AN
ANTI-THEFT DEVICE IN MY CAR?
Yes, you do, because an anti-theft device lowers the risk of
theft. The discount: 2.5 percent of the ‘own damage’ premium
up to a maximum of Rs.500. “Own damage’ is the cover over and
above the mandatory third-party cover, which entitles you to
claim compen-sation if your car is stolen or damaged.
To get the discount, the anti-theft device must be one approved
by the Automobile Research Association of India (ARAI) and its
installation must be certified by the ARAI or by any of the
regional automobile associations. The dealer from whom you buy
the anti-theft device should be able to assist in the certification
process.
The Hindu Business Review .
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