IT & INSURANCE
B LEELA DHARMDHM (OU) 2014-16; AIHAROLL NO 1404-01-676031(INDIA)94904-68518; [email protected]
INTRO
QUESTION 1IS IT REQUIRED IN INSURANCE
SECTOR ?
ANSWER 1YES
PREVIEWINTRO.
INSURANCE SECTOR COMPONENTS – A BRIEF.
IT COMPETENCE TO COMPLIMENT INSURANCE SECTOR.
Q & A SESSION.
CONCLUSION.
INSURANCE
SECTOR
COMPONENTS
A BRIEF
INSURANCE SECTOR COMPONENTS
CUSTOMERS DISTRIBUTORS
INSURANCE SECTOR COMPONENTSSERVICE PARTNERS BUSINESS FUNCTIONS
INSURANCE SECTOR COMPONENTSINSURANCE OPNL FUNCTIONS MISC ISSUES
SOCIAL MEDIA.
MOBILE COMMUNICATION.
TECHNOLOGY BASED LIVING AND LIFE STYLES.
IT COMPETENCE
TO
COMPLIMENT INSURANCE SECTOR
FOOD FOR THOUGHTCAN ALL OF THEM BE HANDLED
WITH PERFECTION “MANUALLY”
ANSWER
No….no………NO ……
NO….. NO ……
IT COMPETENCE - COMPLIMENTING INSURANCE
SECTOR
IT COMPETENCE - COMPLIMENTING INSURANCE
SECTOR
IT COMPETENCE - COMPLIMENTING INSURANCE
SECTOR
IT COMPETENCE - COMPLIMENTING INSURANCE
SECTOR
ADVANTAGES OF IT IN INSURANCE SECTOR
A LOOK AT OUR
OWN FAMOUS LIC
PORTAL
THINK FROM INSURANCE
COMPANY’S
PERSPECTIVE
CONVERSION FROM TRADITIONAL
TRADING/BUSINESS TO AUTOMATED
AND DIGITISED VERSIONS
MYTHS, FEARS, NEEDS &
PREPARATIONS
CONVERSION FROM TRADITIONAL TRADING/BUSINESS TO AUTOMATED AND DIGITISED VERSIONS
MYTHS & FEARS
AGENCY SYSTEM BEING TOTALLY REPLACED.
CUSTOMERS STILL NEED AN AGENT AS BACK UP.
DIGITAL NETWORK CANNOT REPLACE A HUMAN.
CUSTOMER IS MORE KNOWLEDGABLE NOW.
CONVERSION FROM TRADITIONAL TRADING/BUSINESS TO AUTOMATED AND DIGITISED VERSIONS
NEEDS & PREPARATIONS
EVEN IF SWITCH TO ‘IT’ BASED
FUNCTIONING IS DESIRED LOT OF
INVESTMENT IS REQUIRED AT COMPANY
END AND CUSTOMER END.
CONVERSION FROM TRADITIONAL TRADING/BUSINESS TO AUTOMATED AND DIGITISED VERSIONS
NEEDS & PREPARATIONS
CONVERSION FROM TRADITIONAL TRADING/BUSINESS TO AUTOMATED AND DIGITISED VERSIONS
NEEDS & PREPARATIONSERP IS REQD TO INTEGRATE RMIS, CMIS & IIS.
COST FOR ABOVE ISSUES – FREEBIES TO CRORES.
BUY FROM ASP (APPLICATION SERVICE PROVIDERS)
ASP HAS ITS OWN COMPLICATIONS.
SECURITY
FINANCIAL IMPLICATIONS
THIRD PARTY HANDLING
TRAINING
ADVANTAGES OF IT IN INSURANCE SECTOR
ADD – ON
OR
AIM PLUS INFO
INCOME TAX BENEFITS
DUE TO
INSURANCE POLICIES
Particulars
Existing Provisions for FY
2014-15ORAY 2015-16
Changes as per Budget for FY 2015-
16 ORAY 2016-17
Section 80D - Deduction for Health Insurance premium
Rs. 15,000/- Rs. 25,000/-
Section 80D - Deduction for Health Insurance premium for Senior Citizens
Rs. 20,000/- Rs. 30,000/-
Section 80DDB - Deduction in case of very senior citizens on expenditure on account of specified diseases
Rs. 60,000/- Rs. 80,000/-
Section 80DD - Maintenance, including medical treatment of a dependent who is a person with disability
Rs. 50,000/- Rs. 75,000/-
Section 80DD - Maintenance, including medical treatment of a dependent who is a person with severe disability
Rs. 1,00,000/- Rs. 1,25,000/-
Section 80U - Person with disability Rs. 50,000/- Rs. 75,000/-Section 80U - Person with severe disability Rs. 1,00,000/- Rs. 1,25,000/-
Section 80D - Deduction for Health Insurance premium
Rs. 25,000/-
Section 80D - Deduction for Health Insurance premium for Senior Citizens
Rs. 30,000/-
Section 80DDB - Deduction in case of very senior citizens on expenditure on account of specified diseases
Rs. 80,000/-
Section 80DD - Maintenance, including medical treatment of a dependent who is a person with disability
Rs. 75,000/-
Section 80DD - Maintenance, including medical treatment of a dependent who is a person with severe disability
Rs. 1,25,000/-
Section 80U - Person with disability Rs. 75,000/-Section 80U - Person with severe disability Rs. 1,25,000/-
DISABILITY
THE PERSONS WITH DISABILITIES (EQUAL OPPORTUNITIES, PROTECTION OF RIGHTS AND FULL PARTICIPATION) ACT, 1995
DISABILITY
"DISABILITY" MEANSVISUAL IMPAIRMENT
BLINDNESSLOW VISION
LEPROSY-CUREDSPEECH & HEARING
DISABILITYLOCO MOTOR/ ORTHO-PAEDIC
DISABILITYMENTAL RETARDATIONMENTAL ILLNESS.MULTIPLE DIABILITIES
DISABILIT Y-GUAGING METHODOLOGY
INDIAN DISABILITY EVALUATION AND ASSESSMENT SCALE (IDEAS) IS A SCALE FOR MEASURING AND QUANTIFYING DISABILITY IN MENTAL DISORDERS.
DISABILITY – CERT ISSUING AUTHORITY
Ministry of Social Justice and Empowerment -amended the Persons with Disabilities Rules, 1996 in December 2009 & simplifIed the process of issuing disability certificates. A doctor can now assess and issue the certificate
even at PHC in case of visible disabilities such as amputations, complete paralysis, and blindness. A specialist doctor can do so in other cases. For multiple disabilities however more than one
specialist will be necessary.
DISABILITY – CERT ISSUING AUTHORITY
CERTIFICATION OF MENTAL ILLNESS DISABILITY FOR THE PURPOSES OF THE ACT - BY A MEDICAL BOARD:-
THE MEDICAL SUPERINTENDENT/ PRINCIPAL/ DIRECTOR / HEAD OF THE CHAIRPERSON INSTITUTION OR HIS NOMINEE
PSYCHIATRIST MEMBERPHYSICIAN MEMBERAT LEAST TWO OF THE MEMBERS, INCLUDING
CHAIRPERSON OF THE BOARD MUST BE PRESENT AND SIGN THE DISABILITY CERTIFICATE.
THE STATE GOVERNMENTS ARE TO CONSTITUTE MEDICAL BOARDS IN CONCONANCE WITH THE CENTRAL ORDER.
Q & A
SESSION
CONCLUSION
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