Latest Update

  • 11th India Rendezvous 17-19 Jan 2018,Mumbai

    To,

    All IBAI Members,

    11th India Rendezvous

    17-19 Jan 2018, Taj Lands End, Mumbai, India

    We are pleased to advise that Asia Insurance Review is organising “11th India Rendezvous” which is a annual big event of its kind for the Indian Insurance Market.

    You cannot afford not to be a part of the 11th India Rendezvous which has been going from strength to strength each year as the key not-to-be-missed renewal gathering for those doing business with the Indian Insurance market.

    The Venue for the 11th India Rendezvous is @ Taj Lands End, Mumbai and the dates are 17-19 Jan 2018 – Please find the attached registration form.

    The programme is designed to offer opportunities for bilateral discussions and networking in the time of renewal season. We would therefore recommend that this opportunity should be utilised by our members.

    Registration form with special rate for Insurance Broker members is attached, which may be sent directly to

    For Registrations you may directly connect to:

    Krishna Kumar

    Asia Insurance Review & Middle East Insurance Review

    Email- krishna@asiainsurancereview.com

    krishna@meinsurancereview.com

    Tel- 0091 471 300 4555

    Mob- 0091 907 234 5151


    Best regards,

    Alphonso Vaz
    IBAI- Secretariat

    ONLY11th India Rendezvous 17-19 January 2018
    Taj Lands End, Mumbai, India

  • Location of New Office

    To,
    All Members,

    We are pleased to inform that for the first time IBAI will be moving to an independent office at a new location from November 6, 2017.

    Location of New Office is at:

    A –Z Industrial Premises,
    1st  Floor, Unit no. 165,
    G.K. Marg. Lower Parel,
    Mumbai – 400 013.

    During the shifting process, there will be temporary restricted service available to IBAI members for a couple of days.

    There will be telephone call transfer facility available from existing number for some time till we get a new Number (which will be intimated in due course) and you may continue to contact us on  existing telephone number 22846544. The email id’s ibai@ibai.org and avaz@ibai.org and cell no. 9820045606, will continue to remain  the same.

    We will strive for providing the excellent service and look forward to your continued support.. 

    Best Regards,
    Alphonso Vaz
    IBAI Secretariat

  • Formation of Task Force

    Dear Fellow Broker Members,

    After deliberation among the Directors, it is agreed to form “Task Force”  for various issues i.e. Revamp of AOA, Rewards, FDI, GST.

    Accordingly the following “Task Forces” have been formed and all members are requested to send their suggestions to the respective “Task Force” for necessary action.

    Regards

    President

      Task Force Objective Members Email address
    1 Rewards To ensure the implementation of Reward as per IRDA Regulations Arvind Khaitan, Vijay Rampal, Hemang Jangla, Girish Malik arvind.khaitan@salasarservices.comibai@ibai.org
    2 Revamping of IBAI’s Article of Association As per the need of the Today’s Member S K Jain, Hemang Jangla, Ramakrishna V sudhir.jain@embeegroup.inibai@ibai.org
    3 Identify the Friendly Insurer Conduct comprehensive E survey amongst broker members to identify, publish and celebrate broker friendly insurers to encourage right behaviour from Insurers across various parameters Kapil Mehta, Girish Malik, TL Arunachalam, Ajay Bansal, Kishan Agrawal kapil@securenow.in,ibai@ibai.org
    4 FDI-In Insurance Broking: Grievances of the Members Arvind Khaitan, S K Jain, Ramakrishna V, Mukesh Jain sudhir.jain@embeegroup.in&ibai@ibai.org
    5 GST / Service Tax on reinsurance Brokerage To take up the matter with the Govt to exmpt GST on reinsurance broekerage Akhilesh Jain, TL Arunachalam, Ramakrishna V akhilesh.jain@trinityinsurance.co.inibai@ibai.org
  • Release of General Insurance Claim Insights Handbook

    With the intention of providing increased clarity to policyholders on the claims settlement behaviour of general insurers, IBAI had launched the first volume of its General Insurance Claim Insights Handbook in March 2017 during its Annual Brokers’ Summit. This handbook was well-received and appreciated by the IRDAI and policyholders. This initiative is one of the first of its kind to provide a detailed analysis from a claims perspective to policyholders. Insurance brokers being the only distribution channel representing policyholders are uniquely positioned to undertake this initiative. Furthermore, the handbook is also the first such initiative to rank all non-life insurance companies across various lines of business.

    We have continued our efforts towards representing policyholders’ interests and further detailed our analysis through the second volume of the handbook. As Brokers work for the Policyholder interest, there has been a demand from various policy holders across country to have simple and updated data on performance on claims promise by each insurance company. The handbook draws data from public disclosure for the quarter ending September 30, 2016.

    Release of General Insurance Claim Insights Handbook

  • GST presentation for Insurance Brokers