Latest Update

  • 16th Annual General Meeting (AGM) of IBAI on September 8, 2017

    To,

    All Broker Members

    Dear Members,

    We wish to invite you to the 16th Annual General Meeting (AGM) of the Members of Insurance Brokers Association of India which will be held on Friday, September 08, 2017 at 11.30 AM at Walchand Hirachand Hall, 4th Floor, IMC Chamber of Commerce & Industries, Churchgate, Mumbai – 400 020.

    At this meeting election will be held to fill up the vacant positions of Directors, viz. Three Directors in West Zone and One Director each in South, North & East Zones.

    ELECTION NOTIFICATION UNDER ARTICLE 9.2 OF THE ARTICLES OF ASSOCIATION IS ATTACHED. (Also attached are Nomination Form, Proxy Form and suggested draft of Board resolution in advance for your use). Kindly note that the Proxy also should be supported by the Board resolution.

    The printed Annual report & Accounts for the financial year 2016-17 which will contain Nomination Form, Attendance Slip and Proxy Form, will be couriered to you soon and the same will also be available on IBAI Website.

    It may kindly be noted that the nominations duly filled in should reach the Manager at the Registered Office of the Association at Maker Bhavan No. 1, 7th Floor, Sir V.T. Marg, Churchgate, Mumbai – 400 020 on or before 5 p.m. on Thursday, August 24, 2017, duly marked “NOMINATIONS” in a sealed envelope.

    We thank you for your wholehearted support & look forward to your participation in large numbers at the meeting.

    Yours sincerely,

    Vijay Rampal
    Hon. Secretary

  • 15th IBAI Annual Report and Accounts

    To,

    Dear Sirs,

    We are pleased to forward soft copy of 15th IBAI Annual Report and Accounts for information.

    The above will be placed on IBAI website for information of all IBAI Members. Once Report is placed on website, IBAI will be send email to all members giving them the link for hassle free viewing.

    Kindly note that printed ANNUAL REPORTS will be dispatched to all Members by Saturday 12, 2017.

    Best Regards,

    Vijay Rampal

    Director & Secretary

  • ASSOCHAM 10th Global Insurance Summit – 22nd September 2017, Hotel Taj Land Ends, Mumbai

    To,

    All IBAI Members

    We have received an Invitation from ASSOCHAM who is organizing its 10th Global Insurance Summit – 22nd September 2017, Hotel Taj Land Ends, Mumbai

    Mr T S Vijayan, Chairman, IRDAI is the Chief Guest and will deliver the Inaugural Address at the Summit.

    You will kindly observe from the enclosed registration form that IBAI Members are offered special 20% concession, on participation fee of Rs. 3,000/- per delegate.

    IBAI has been honored as support partners for this event and we are recommending you to participate along with your colleagues to this Summit and benefit from it.

    Best regards,

    Alphonso Vaz
    IBAI Secretariat

    asshocham

    10th Global Insurance Summit

    “Insurance Sector in transformation – Managing Disruption”

    22nd September 2017, Hotel Taj Land Ends, Mumbai

    Chief Guest

    Shri T S Vijayan, Chairman, Insurance Regulatory Development Authority of India ( IRDAI )

    Greetings From ASSOCHAM,

    The Indian insurance industry has grown significantly due to privatization. The opening of the market has led tremendous expansion in this sector. It is
    flourishing industry in India with several national and international players participating in it and growing at rapid rates.

    We in ASSOCHAM believe that there is urgent need to take steps to propel its growth by policymakers as well as by regulators. In this backdrop, ASSOCHAM is organizing its Tenth edition of Global Insurance Summit : Insurance Sector in transformation – Managing Disruption, scheduled to be held on 22nd September 2017, Hotel Taj Land Ends, Mumbai.

    The summit mainly highlights the role of Insurance Sector in promoting economic growth of India. It also sets forth various strengths, opportunities, challenges and problems faced by this sector and the way forward.

    Key Area of Discussion


    1. Coping with consolidation

    a. Impact assessment of consolidation

    2. IPOs

    a. Broad-basing shareholding

    b. Investor information and disclosure

    c. Market benchmarks

    d. Reputation risk and investor interface

    3. Increasing penetration of insurance

    a. Government push in penetration of insurance

    b. Risks related to crop insurance and reluctance by re-insurers to underwrite it

    c. Role of web-aggregators

    4. Investment in data management

    a. Evolution of artificial intelligence and machine learning

    5. Evolution of parallel support organizations

    a. Evolution of digital insurers

    b. Social media marketing technologies

    c. Social media listening skills

    6. Structural disruptions

    a. GST

    b. Bankruptcy law

    c. Regulators’ acceptance of alternate distribution channels

    Target Audience

    Insurance Companies (Life, General, Health) Investment Advisors Insurance Intermediaries
    Investment/ Research Analysts Financial Planners & Independent Consultants Tax and Accounting Executives
    Academicians & Research Scholars Bancassurance E-commerce

    Ashvin Parekh Advisory Services LLP (APAS) is the knowledge partner of this initiative.

    The deliberations at the summit will serve as a game-changer and help authorities in addressing the apprehensions and issues raised by different stakeholders .

    We cordially invite you to participate in the ASSOCHAM 10th Global Insurance Summit – 2017 and fill up the attached registration form and revert on a priority basis

    Register by August 31st, 2017 and avail 20% Discount to IBAI Members on Registration Fee

    We look forward for your kind confirmation.

    Please Note: The Confirmation For Delegate Registration Will Be Given On A First Come First Serve Basis Due To Limited Number Of Delegate Seat Availability For This Summit


    Sincerely,

    Sagar Jankar

    The Associated Chambers of Commerce and Industry of India Banking & Financial Services,  
    5, Sardar Patel Marg, Chanakyapuri,

    New Delhi – 110021

    Mob:+91 7042715794

    Phone: +91- 11- 46550500

    Fax: +91- 11- 46536481/82

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  • CII 19th Insurance Summit 2017

    To,

    All IBAI Members,

    CII is organising its 18th edition of Insurance Summit on August 7, 2017 at Hotel Trident, Nariman Point, Mumbai
    Mr T S Vijayan, Chairman, IRDAI has kindly agreed to be Chief Guest and deliver the Inaugural Address at the Summit.

    You will kindly observe from the enclosed registration form that IBAI Members are offered special rate of Rs. 3,000/- per delegate.
    We are recommending you to participate along with your colleagues to this Summit and benefit from it.

    Best regards,

    Alphonso Vaz
    IBAI Secretariat

    news-letter

  • Seminar on “Implementation of GST in Insurance Industry” 7th April 2017, PHD House, New Delhi

    To,
    All IBAI Members,
    Seminar on “Implementation of GST in Insurance Industry” 7th April 2017, PHD House, New Delhi

    We have received invitation from Insurance Foundation of India in association and PHD Chamber of Commerce & Industry, organisers of above event.
    The Goods and Services Tax (GST) which is expected to be introduced from July 1, 2017, is a ground-breaking reform for the Indian economy’s indirect tax regime. GST will change the tax architecture between the state and the centre.

    GST is a value-added tax, which will eliminate the cascading effect or double-taxation effect on the cost of goods and services down the value chain. GST will certainly impact the structure, incidence, computation of indirect taxes leading to a comprehensive restoration of the current tax regime in the country.
    The insurance industry is also not going to remain untouched from the impact of GST. It will certainly be going to have an impact on the insurance industry as well as policyholders. Seeing the importance of the subject and to address all the concern and complexities IFI & PHD Chamber are organizing a Seminar on “Implementation of GST in Insurance Industry on Friday, 7th April 2017 at PHD House, New Delhi”.

    IBAI, Vice – President Shri S.K. Jain, is one of the eminent panellists speaking on topic of Implementation of GST in Insurance Industry.

    We would like you to take the opportunity to participate in the above Seminar and derive benefit by it.

    Please find attached brochure , programme Schedule and Registration form for your use.

    Best regards,
    Alphonso Vaz
    IBAI Secretarat

    Response Form implementation GST 2017

    GST Brochure

    Programme Schedule

  • IRDA/BRK/MISC/CIR/050/03/2017 dt 6/3/2017 Circular for Reinsurance/composite Brokers

  • IRDA/INT/GDL/ECM/055/03/2017 dt 9/3/2017 Guidelines of Insurance e-commerce