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Protection against loss. The insured sacrifices a small certain loss (the premium) for protection against a large uncertain loss (eg an accident fire or death). The insurance company assumes the risk by employing the law of large numbers and the principle of risk spreading.

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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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How To Get The Best Auto Insurance Deals
By Dr. Drew Henry, Mon Jan 2nd

Ever wonder what it takes to get the best auto deals?Simple. Shop around and do it yearly. Don't just keep paying theinvoice over and over without comparison shopping. Here are afew suggestions to help you get the best deal available on yourautomobile policy.

There are also many decisions you can make about your policythat will save you a bundle. As an example, if you change yourdeductible on your collision from a $50 deductible to a$500-$1000 deductible, you're inline for a huge premium savings.If you don't think you could come up with $1000 out of pocket,you can change it to a $500 deductible.

You can also get more of a savings if you change yourcomprehensive deductible. Many people needlessly carry fullcoverage on their older vehicle. They originally purchased thevehicle new, paid for full coverage and to this day, continue topay the same high rate. Don't make the same mistake: talk withyour company and see if there's a better rate forolder automobiles.


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combine your vehicles and otherinsurance together to get you additional savings. All insurancecompanies offer a multi-car discount (if yours doesn't, it'stime to switch companies). Further, many will discount more ifyou have your homeowners or renters policy with them.

Often times, there are also other discounts that you may not betaking advantage of. It seems obvious, but make sure you aregetting the correct rate for your age. There are discounts forvarious ages than can save you lots of money. Check with youragent on this one. Also alarm systems on your vehicle areusually good for a discount. Additionally, anti-lock brakes andair bags can also help lower your premiums.

Never just keep paying the invoice when it comes in. Byfollowing some of the above tips and tricks, you'll be saving alot of money on your auto bills.

About the author:Dr. Drew Henry operates a network of auto-related websites,including First AutoStore, SouthernAuto Rental and CarAuto Loans. Visit his sites for more articles.

We strive to provide only quality articles, so if there is a specific topic related to insurance that you would like us to cover, please contact us at any time.

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