Fwd: Today's Exclusives - Mediclaim portability kicked off on 1st October, but will you land up in no-man's land if you switch insurers?

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From: Moneylife <noreply@moneylife.in>
Date: Tue, Oct 4, 2011 at 5:40 PM
Subject: Today's Exclusives - Mediclaim portability kicked off on 1st October, but will you land up in no-man's land if you switch insurers?
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4 October 2011   Moneylife Exclusive Mediclaim portability kicked off on 1st October, but will you land up in no-man's land if you switch insurers? Raj Pradhan The IRDA portability circular says that the prospective insurance company will lose the right to reject a proposal if there is a delay of more than 15 days in receiving all relevant information from the existing insurer. How can the insurance watchdog implement this circular?     Exclusive Column     Development and free markets—does it mean MNCs will sell us back our water? Veeresh Malik Healthy low-cost food and natural water to consume are important for all of us. Is there a conspiracy to force us Indians, in the name of "development" and "growth", to consume more and more unhealthy food and beverages?       Other ML Exclusives   Indian microfinance crisis: What can international agencies like CGAP learn from it? The Consultative Group to Assist the Poor could not spot the inherent weaknesses in the commercial microfinance model that it was unabashedly promoting. This is a reason for self-introspection by its board, senior management and other stakeholders involved in its governance. CGAP, as an institution, should become more accountable to low-income people, whom it exists to serve in the first place... ............................................................................................................................................. Daily Market Report: Still under pressure If the Nifty breaks today's low, it may hit 4,625... .............................................................................................................................................. Highest NAV ULIPs—Agents on sales overdrive, IRDA agrees that mis-selling is going on Insurance agents are on an overdrive, pitching highest NAV ULIPs as a 'limited-time' opportunity. They understand the customer psyche of wanting something that may soon be out of reach, with the strong possibility that IRDA might crack down on these instruments... .............................................................................................................................................. 'Occupy Wall Street': Peoples' movement in the US brings thousands on to the streets Public anger is showing its might in Spain, Egypt, India and now the US. Since the past fortnight, thousands of protestors have occupied a private park in New York to fight a corrupt political, banking and corporate system. Around 700 protestors were arrested by the New York Police last Saturday... .............................................................................................................................................. Unholy coalitions and bad governance: India faces a cruel double whammy The culture of political convenience and opportunistic functioning at the highest levels is dangerous for the country's security. If only all the major political parties eschew narcissistic and vindictive politics, and resolve to sincerely act together, the national interest can be safeguarded... .............................................................................................................................................. Instant Forex Biz lures investors with 25% monthly 'returns' through MLM Promising huge returns has always been the modus operandi of MLM companies. In recent years, the real estate and forex businesses have become hotbeds for fraudsters to lure gullible people. Instant Forex Biz is one such company... .............................................................................................................................................. Hybrid funds: No glitter Hybrid schemes post hybrid returns... .............................................................................................................................................. Governance: Beyond Anna India possibly has the largest number of laws. But what about their effective implementation? .............................................................................................................................................. Personal finance today - Birla Sun Life AMC introduces new facilities for customers - MCX introduces cotton futures trading - Oriental Bank of Commerce introduces mediclaim policy - Union Bank subsidiary permits MF transactions through bank's ATMs   ON STANDS NOW At a Glance   - Moody's downgrades SBI over poor Tier-I capital ratio, NPAs - PMO wants fertiliser ministry to expedite urea decontrol policy - 22 companies cancel IPOs due to sluggish markets - TRAI's 100 SMS restriction blow to hearing impaired - BSE makes changes in Mid-cap, Small-cap indices - India keen to scale up economic ties with Indonesia: Commerce minister   Corporate Wrap-up   - Bajaj Auto sales rises 18% to 4,17,686 units in September - Shri Lakshmi Cotsyn eyes 78% jump in revenues next fiscal - TVS Motor sales up 17% at 1,88,005 units   Moneylife Columns     Regulation: People's wrath Sucheta Dalal The public is disgusted and angry over rampant corruption. Will politicians listen?     Indians as guinea pigs: Clinical trials killed 1,600 people in the past two years; only 22 compensated for fatalities Vinita Deshmukh It took five months for the Directorate General of Health Services (DGHS) to reply to Hisar-based RTI activist Ramesh Verma to tell him the gory truth about how multinational pharmaceutical companies play with the lives of Indians during clinical trials and almost never bother to pay compensation...       Face 2 Face   Future Generali India Life Insurance: "ULIP charges are squeezed; wonder if any insurer charges less than the maximum allowed" Future Generali believes that the life insurance market is big enough for all the players to compete in newer areas and segments. Deepak Sood, MD & CEO, Future Generali India Life Insurance, says that good claims settlement ratio and quick claims turnaround time are the main drivers of customer satisfaction and retention. Excerpts:..     Editor's Pick   Global markets at 15-month low The usual suspect is to blame: Greece. ...................................................................................................................................................... A contrarian call on gold The yellow metal is still a buy, says this analyst. ...................................................................................................................................................... The iPhone5 release: What will happen to the existing ones? The grapevine has it that the older versions will be given away 'almost for free'. ...................................................................................................................................................... China caught in a credit crunch More red flags-signalling all's not well in the Middle Kingdom. ...................................................................................................................................................... HSBC Holdings may offload non-life insurance assets It is looking at raising $1.50 billion from the proposed sale. ...................................................................................................................................................... Cartoon of the week Is this a sign of times to come?     Book Review   Taming the beast: Investing concepts explained Debashis Basu A survey of various investing approaches, concepts and leading personalities...   FROM the ARCHIVES   Southwest monsoon showers above-normal rainfall this season Over the past month, the southwest monsoon has picked up substantially and finally ended on a positive note. According to a study released today, cumulative rainfall for the week ended 28th September stood at 2.3% over the Long Period Average. But will food inflation drop?... ...................................................................................................................................................... Amazon Kindles a new Fire, but the spark lay in its browser The Amazon Fire, a seven-inch tablet, does not have enough ammunition to take on the Apple iPad. But its Silk browser has capabilities which make it optimal for any tablet and cloud computing—hence, it has a great chance of dominating the browser market...     To subscribe to this free newsletter log on to www.moneylife.in or email us at newsletter@moneylife.in To get FREE updates via sms click here.

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