Seminars and Insurance Education Programs at Chandigarh

Seminar at Chandigarh reported in the III, magazine.

Click below to see:

http://www.coi.org.in/documents/10156/442d026f-7124-4492-a72f-af60c69ba35d

Local Seminar on Group Mediclaim Policy for Employees

Held on 17-03-2017 

Mr. Vinnie Taneja presented through slide shows-policy guidelines and limits of expenses under various heads and policy coverage.

Mrs. Shashi Sharma explained the revised provisions of the policy regarding sum insured enhancement option from 01-04-2017 and coverage of independent children and their families, parent’s in law and so on.

Doctor Rakesh Kalra, Regional Manager,  Raksha TPA showed through slides-how TPA provides cashless settlement. He explained limits under the policy and various practical issues concerning claim settlement. He also showed- how Raksha TPA app can be downloaded in the mobile phone and its benefits.

Queries were raised by the participants particularly regarding the difficulties faced at the time of availing cashless facility, which were clarified by the speakers.

Mr. P K Jain, Chief Regional Manager addressed the participants and explained that larger sum insured should be opted as the cost of enhancement was quite low.

             National Seminar on PENSION OTHER EMPLOYEE  BENEFITS

AND SOCIAL  SECURITY

Hotel Oyster, Sector 17-A, Chandigarh

Organized by The Chandigarh Insurance Institute

on 01-12-2016

Panelists- 1. Dr Varinder Kumar, GM (Retd)   2. Dr. Rajesh Attri, DGM (Retd)

            3.  Dr. S L Khosa, DGM (Retd)   4. Sh. Joginder Singh, Secretary Ombudsman

Ø On the dais were the panelists and Chief Executives of PSU Insurance Companies 

Ø Mr. Y V Chawla gave his welcome address and explained-how the idea of the seminar on pension employee benefits and social security was conceived.

Ø Anthem of the Institute was played.

Ø Mr. KNS Sodhi presented through slide shows activities of the Chandigarh Chapter since beginning. The first fellow of Chandigarh Insurance Institute, Mr. T R Bakshi (Retd) was felicitated on the occasion.

Ø Dr. Rajesh Attri, Ex DGM addressed the gathering and gave his inputs on the topic. He said-‘pension invariably brings smile on the faces of retirees’.

Ø Dr. S L Khosa, EX DGM in his addressed threw light on the issue that before 1995 pension was considered a smaller version of Contributory provident Fund. The position has changed altogether now.

Ø Mr. Harsh Tiwari, Manager, United India, Principal, RTC gave his detailed presentation on Pension Scheme 1995 and that of 2009 and NPS. He explained through slide shows-how the pension fund is managed, where the investments are made.

Ø -Mr. KNS Sodhi had collected data and other information on-whether one more option can be given to left out employees. He presented it through slide shows also. The efforts were acclaimed by one and all.

Ø Mr. Joginder Singh, Secretary, Ombudsman explained in his address that the pension system of the companies is well managed. But due to non availability and unauthenticity of the data-one more option was not opened as it was done in Banks in 2010 where it was made part of Bipartite settlement.

Ø Mr. Rakesh Chopra, New India was quite enthusiastic in explaining-how the case of one more option and revision of pension on every wage revision can be put before the Management / Government and sufficient funds are there to meet the cost. He remembered-before 1995 pension was not considered a lucrative option but now the position has changed.

Ø Dr Virander Kumar, Ex GM concluded the proceedings that one more option and further improvement in the scheme and revision in pension on every wage revision has to be considered keeping in view the availability of pension funds.

Ø The crux of the Seminar was- to make available the investigation report as per -The pension fund is subject to investigation every year by an actuary as per Pension Scheme, 1995. Point no.11

‘Actuarial investigation of the Fund - The Corporation shall cause an investigation to be made by an Actuary into the financial condition of the Fund every financial year, on the 31st day of March, and make such additional annual contributions to the Fund as may be required to secure payment of the benefits under these rules: Provided that the Corporation shall cause an investigation to be made by an Actuary into the financial condition of the Fund, as on the 31st of day of March immediately following the financial year in which the Fund is constituted.’

This report can be quite helpful in designing an option for left out employees to opt for pension and also revision of pension when the scales are revised.

Ø -Mr. KB Bindal, RM, New India and Chairman of the Chandigarh Insurance Institute presented a vote of thanks and gave his input that The Institute of Actuaries of India is conducting regular exercises in this field of Pension Employee Benefits and Social Security. GIC and subsidiaries can take a hint and take necessary steps to put in motion the feasibility of one more option. 

Local Seminar at Chandigarh on 2nd September, 2016

 on the new course titled Certified Insurance Anti-fraud Professional (CIFAP) 

Welcome address was given by Sh. KNS Sodhi, Hony. Secretary of the Chandigarh Insurance Institute.

Then The Chief Guest of the Seminar, Dr. Virander Kumar, Ex GM and Ombudsman felicitated the Institute’s executive body for bagging the Best Institute Award.

After this, Sh. S K Sharma, EX RM New India and Ex Chairman of the Chandigarh Insurance Institute deliberated upon the activities of the local institute.

Then Mr. Y V Chawla, Vice Chairman of the Local institute gave a presentation on the new course on Certified Insurance Anti-fraud Professional (CIFAP) and also various other specialized diploma courses conducted by the III.

Then Mr. P K Jain, Chief Regional Manager if New India gave his address exhorting the new entrants in the company to clear fellowship and other specialized diploma courses to build their career in insurance industry on a strong footing.

After this, Sh. Virander Kumar Ex GM and Ombudsman gave his detailed observations on challenges before the insurance industry. He spoke in detail about his experiences in the industry and his association with insurance education.

Vote of thanks was given by Mr. K B Bindal, Chairman of Chandigarh Insurance Institute.