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to a named overseas port where the seller quotes a price for the goods (including insurance), all transportation, and miscellaneous charges to the point of debarkation from the vessel. (Used only for ocean shipments.)

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Disclose commission from insurers, mutual funds: RBI to RRBs
RBI directed regional rural banks to disclose the commission they receive from mutual funds and insurers for referring their products to customers. http://economictimes.indiatimes.com/Disclose-commission-from-insurers-mutual-funds-RBI-to-RRBs/articleshow/5319610.cmshttp://economictimes.indiatimes.com/Disclose-commission-from-insurers-mutual-funds-RBI-to-RRBs/articleshow/5319610.cmsWed, 09 Dec 2009 14:10:02 GMTDisclose commission from insurers, mutual funds: RBI to RRBsDisclose commission from insurers, mutual funds: RBI to RRBsAllahabad Bank's general managers relocated to other PSBs
For the first time in this 144-year old bank?s history, two of its own general managers have been relocated as executive directors of other public sector banks.http://economictimes.indiatimes.com/Allahabad-Banks-general-managers-relocated-to-other-PSBs/articleshow/5318981.cmshttp://economictimes.indiatimes.com/Allahabad-Banks-general-managers-relocated-to-other-PSBs/articleshow/5318981.cmsWed, 09 Dec 2009 10:57:08 GMTAllahabad Bank's general managers relocated to other PSBsAllahabad Bank's general managers relocated to other PSBsPSU banks ink bond to check attrition
A host of PSBs, including Bank of Baroda, Canara Bank, Punjab National Bank and Union Bank of India, have recently introduced a practice of signing service bonds with their new recruits joining at the officer level. http://economictimes.indiatimes.com/PSU-banks-ink-bond-to-check-attrition/articleshow/5313035.cmshttp://economictimes.indiatimes.com/PSU-banks-ink-bond-to-check-attrition/articleshow/5313035.cmsTue, 08 Dec 2009 03:58:16 GMTPSU banks ink bond to check attritionPSU banks ink bond to check attritionHinduja Bank takes controlling stake in Chennai based Paterson securities
Hinduja Bank (Switzerland), part of Hindujas group on Monday said it has acquired a majority stake in the Chennai-based stock broking firm, Paterson Securities. http://economictimes.indiatimes.com/Hinduja-Bank-takes-controlling-stake-in-Chennai-based-Paterson-securities/articleshow/5311712.cmshttp://economictimes.indiatimes.com/Hinduja-Bank-takes-controlling-stake-in-Chennai-based-Paterson-securities/articleshow/5311712.cmsMon, 07 Dec 2009 14:17:38 GMTHinduja Bank takes controlling stake in Chennai based Paterson securitiesHinduja Bank takes controlling stake in Chennai based Paterson securitiesGovt to support public sector banks to merge if they want
Government will support public sector banks to merge if they wanted, provided they fulfilled RBI and SEBI guidelines, finance minister Pranab Mukherjee said on Monday.http://economictimes.indiatimes.com/Govt-to-support-public-sector-banks-to-merge-if-they-want/articleshow/5310622.cmshttp://economictimes.indiatimes.com/Govt-to-support-public-sector-banks-to-merge-if-they-want/articleshow/5310622.cmsMon, 07 Dec 2009 08:54:44 GMTGovt to support public sector banks to merge if they wantGovt to support public sector banks to merge if they wantPerformance-linked pay for PSBs from next year
<p>Salary packages of employees of public sector banks could have a performance-linked variable component from the next year. <a href="/quickiearticleshow/5307235.cms" target="_blank"><b>Tax deduction on employees' HRA</b></a></p> http://economictimes.indiatimes.com/Performance-linked-pay-for-PSBs-from-next-year/articleshow/5308991.cmshttp://economictimes.indiatimes.com/Performance-linked-pay-for-PSBs-from-next-year/articleshow/5308991.cmsMon, 07 Dec 2009 06:40:00 GMTPerformance-linked pay for PSBs from next yearPerformance-linked pay for PSBs from next yearICICI set to turn local bank in Singapore too
After SBI, ICICI set to get a qualified full bank licence in Singapore, a status that will allow it to open 15 branches and ATM centres.http://economictimes.indiatimes.com/ICICI-set-to-turn-local-bank-in-Singapore-too/articleshow/5309050.cmshttp://economictimes.indiatimes.com/ICICI-set-to-turn-local-bank-in-Singapore-too/articleshow/5309050.cmsSun, 06 Dec 2009 20:46:11 GMTICICI set to turn local bank in Singapore tooICICI set to turn local bank in Singapore tooSBI gets govt nod for acquiring State Bank of Indore
The Indian government has given approval to State Bank of India to initiate the process.http://economictimes.indiatimes.com/SBI-gets-govt-nod-for-acquiring-State-Bank-of-Indore/articleshow/5300583.cmshttp://economictimes.indiatimes.com/SBI-gets-govt-nod-for-acquiring-State-Bank-of-Indore/articleshow/5300583.cmsFri, 04 Dec 2009 12:21:11 GMTSBI gets govt nod for acquiring State Bank of IndoreSBI gets govt nod for acquiring State Bank of IndoreDubai crisis won?t hit Indian banks: RBI
The Reserve Bank of India on Thursday said the domestic banks do not have much exposure to the debt-ridden Dubai World and hence their balance sheet will not be materially affected by the crisis, reports Our Bureau. http://economictimes.indiatimes.com/Dubai-crisis-wont-hit-Indian-banks-RBI/articleshow/5298020.cmshttp://economictimes.indiatimes.com/Dubai-crisis-wont-hit-Indian-banks-RBI/articleshow/5298020.cmsThu, 03 Dec 2009 19:25:22 GMTDubai crisis won?t hit Indian banks: RBIDubai crisis won?t hit Indian banks: RBIKotak Mahindra Bank looks for acquisitions in India
Indian private sector lender Kotak Mahindra Bank is looking at acquisitions in the coming months in India.http://economictimes.indiatimes.com/Kotak-Mahindra-Bank-looks-for-acquisitions-in-India/articleshow/5297034.cmshttp://economictimes.indiatimes.com/Kotak-Mahindra-Bank-looks-for-acquisitions-in-India/articleshow/5297034.cmsThu, 03 Dec 2009 14:38:12 GMTKotak Mahindra Bank looks for acquisitions in IndiaKotak Mahindra Bank looks for acquisitions in India


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Prevent Fraudulent Insurance Claims
By Lori Anderson
Prevent Fraudulent Claims - Verify Patient’s Eligibility Electronically Using Your Medical Billing Software SolutionHow would you like to have accurate carrier policy information before seeing your patient? With electronic eligibility verification, you can feel secure knowing that the information is accurate. Inquiries can be submitted through the medical billing software system provider to the claims clearinghouse. In a matter of seconds you receive a response. The benefits of eligibility verification are many:1. Minimize Claim Denials – You lose money every time eligibility goes unverified and claims are subsequently denied. Denials are a big cash flow problem for many practices.2. Increase Collections and Cash Flow - eligibility verification permits you to determine if a patient is currently eligible for coverage from their company with out making lengthy phone calls.3. Reduce Resubmitted Claims- Every time you resubmit a claim you pay for a transaction. Even one error in payer information can reject the claim, and require a resubmission.4. Accurately Set Patients Coverage Expectations - Enhances overall patient satisfaction and minimizes the risk of uncollected balances.5. Provides Accurate Determination of CoPay and Deductibles.Most Clearinghouses use the ANSI X12N format to transmit eligibility requests and responses. This format was implemented to comply with HIPAA requirements. Eligibility responses provide pertinent policy and coverage data, including:* Patient demographics* Name and address of patients’ primary care provider so you may contact them.* Policy number* Policy detail - Coverage dates and status,

Bajaj Allianz life says no plans for IPO
Bajaj Allianz Life Insurance Co Ltd has no immediate need for additional capital and is not planning an initial public offer.http://economictimes.indiatimes.com/Bajaj-Allianz-life-says-no-plans-for-IPO/articleshow/5296740.cmshttp://economictimes.indiatimes.com/Bajaj-Allianz-life-says-no-plans-for-IPO/articleshow/5296740.cmsThu, 03 Dec 2009 13:14:38 GMTBajaj Allianz life says no plans for IPOBajaj Allianz life says no plans for IPO
India Post ties up with ICICI Prudential Life
India Post on Thursday entered into a tie-up with ICICI Prudential Life Insurance Company to expand its services portfolio to the customers. http://economictimes.indiatimes.com/India-Post-ties-up-with-ICICI-Prudential-Life/articleshow/5295956.cmshttp://economictimes.indiatimes.com/India-Post-ties-up-with-ICICI-Prudential-Life/articleshow/5295956.cmsThu, 03 Dec 2009 10:08:49 GMTIndia Post ties up with ICICI Prudential LifeIndia Post ties up with ICICI Prudential Life
Tata-AIG's add-on motor insurance covers
In May this year, Tata-AIG General Insurance launched eight add-on motor insurance covers, post detariffing that took effect in January 2009. http://economictimes.indiatimes.com/Tata-AIGs-add-on-motor-insurance-covers/articleshow/5294309.cmshttp://economictimes.indiatimes.com/Tata-AIGs-add-on-motor-insurance-covers/articleshow/5294309.cmsWed, 02 Dec 2009 23:06:24 GMTTata-AIG's add-on motor insurance coversTata-AIG's add-on motor insurance covers
Query corner
Our PF expert helps you traverse the uncertainties in the Financial world. Email YOur QUERIES to etquery@indiatimes.com.http://economictimes.indiatimes.com/Query-corner/articleshow/5282783.cmshttp://economictimes.indiatimes.com/Query-corner/articleshow/5282783.cmsSun, 29 Nov 2009 21:06:01 GMTQuery cornerQuery corner
Claims wipe out a third of terror pool
Insurance firms handing out cheques for the last one year have discovered the grim truth that the 26/11 attack has wiped out almost a third of the money that was pooled in to meet terror claims. http://economictimes.indiatimes.com/Claims-wipe-out-a-third-of-terror-pool/articleshow/5269513.cmshttp://economictimes.indiatimes.com/Claims-wipe-out-a-third-of-terror-pool/articleshow/5269513.cmsWed, 25 Nov 2009 18:53:30 GMTClaims wipe out a third of terror poolClaims wipe out a third of terror pool
Tata AIG Life launches child ULIP
Private insurer Tata AIG Life on Wednesday launched a unit-linked life insurance plan (ULIP) for children's education, InvestAssure Superstar. http://economictimes.indiatimes.com/Tata-AIG-Life-launches-child-ULIP/articleshow/5268973.cmshttp://economictimes.indiatimes.com/Tata-AIG-Life-launches-child-ULIP/articleshow/5268973.cmsWed, 25 Nov 2009 15:26:34 GMTTata AIG Life launches child ULIPTata AIG Life launches child ULIP
Apollo DKV to scale up biz, network, launches new health insurance plan
Apollo DKV has launched a new health insurance scheme and drawn up plans to scale up its business and the network of offices in the next couple of years to garner a good share of the growing market for health insurance. http://economictimes.indiatimes.com/Apollo-DKV-to-scale-up-biz-network-launches-new-health-insurance-plan/articleshow/5268654.cmshttp://economictimes.indiatimes.com/Apollo-DKV-to-scale-up-biz-network-launches-new-health-insurance-plan/articleshow/5268654.cmsWed, 25 Nov 2009 13:30:22 GMTApollo DKV to scale up biz, network, launches new health insurance planApollo DKV to scale up biz, network, launches new health insurance plan
HDFC Standard Life eyeing 10-15% growth
HDFC Standard Life, which is gearing up for an IPO, has seen over 40% of its business come through various Bancassurance schemes. http://economictimes.indiatimes.com/HDFC-Standard-Life-eyeing-10-15-growth/articleshow/5261556.cmshttp://economictimes.indiatimes.com/HDFC-Standard-Life-eyeing-10-15-growth/articleshow/5261556.cmsMon, 23 Nov 2009 13:38:53 GMTHDFC Standard Life eyeing 10-15% growthHDFC Standard Life eyeing 10-15% growth
LIC restructuring Ulip costs to protect agent commissions
Life Insurance Corporation of India is looking to increase the minimum premium payable and minimum lock-in order to adhere to the expenses cap norms brought in by Insurance Regulatory Development Authority. http://economictimes.indiatimes.com/LIC-restructuring-Ulip-costs-to-protect-agent-commissions/articleshow/5260721.cmshttp://economictimes.indiatimes.com/LIC-restructuring-Ulip-costs-to-protect-agent-commissions/articleshow/5260721.cmsMon, 23 Nov 2009 09:41:01 GMTLIC restructuring Ulip costs to protect agent commissionsLIC restructuring Ulip costs to protect agent commissions

to tell the provider’s staff whether a patient has coverage on the date(s) healthcare is provided * Details on patient's medical group affiliation - to help you to submit claims to the appropriate party when payment responsibility is shifted away from the health plan.* Deductible amount, deductible amount remaining for this year, and deductible year-end date.* Patient co-pay responsibility detail - to give you the correct co-payment required while the patients are still in the office.* Benefit information can include inpatient and outpatient benefits, pharmacy benefits, deductible accumulation, co-payment accumulation, stop-loss information, waivers and restrictions.Since the healthcare provider is getting the most up-to-date information from the payer real-time, you can make intelligent decisions about the healthcare services being provided as well as payment arrangements that may need to be made. In addition, with this knowledge in advance, the practice has time to rectify any problem with eligibility prior to the date of service. Enhance your staff productivity by avoiding manual verification. With reduced denials for non-eligible status which results in decreased financial losses, electronic eligibility verification will benefit your practice now and in the future.Lori Anderson, an independent consultant with LAtech, works with Antek HealthWare on their DAQbilling Medical Billing Software and LabDAQ Laboratory Information System projects, since 1991. With vast experience in the medical field her writing expertise includes laboratory operations, billing services, and private practice operations

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