Credit Insurance Plans have been put into a complete ban by IRDA as it was being practiced rampantly by some non-life insurers. Credit Insurance is a kind of cover or guarantee to the lender against payment default by borrowers. IRDA has ordered all general insurers to stop selling credit insurance plans until any further detailed notice is issued by them in this regard.
Since only a smallish number of loans carry credit risk protection, the decision is unlikely to increase the total credit risk of banks. The Authority has also asked for details of total exposure of the insurer under the credit insurance plans issued by them to the banks offering credit facility to the debtors. The credit insurance that is being marketed by the several insurers is better termed as credit default insurance. Its basically a security cover which provides protection to the borrower of a loan against the inability to repay the loan.
A recent case of credit insurance cover which resulted in a claim is that of the state-owned insurer Oriental Insurance Company selling such a cover to Paramount Airlines. The insurer provided cover to the airlines lenders from different branches to the tune of INR 200 crores. Several state-owned lenders have an exposure to the company, which along with other troubled airlines are trying to restructure its debt.
Recently, some scam also came into limelight wherein unscrupulous brokers were conniving with borrowers. The broker armed with a letter from a international reinsurer saying it is willing to provide reinsurance underwriting support, along with the borrower would approach an insurance company for credit insurance cover. Reinsurance support is similar to loan syndication where deep-pocketed underwriters share the credit risk. When there used to be a claim, the insurance company discovered there were problems with the technicalities in the contract which allowed the international reinsurer to escape liability and the local insurer was left with the claim.
When compared, credit insurance is quite similar to credit default swaps which earlier brought down the international insurer AIG. Get more info and also compare insurance quotes.
These days, one can find direct sales software that come with hordes of features. Comprehensive multi level marketing software must have the following characteristics. They must encompass dynamic website features supporting HTML, ASP and Flash. They should be integrated with database containing details of the members. And the users must be given the facility to update the database with their respective information as when they require. The signup system should can be a simple open signup or include the latest PIN registration system. The members should be provided a variety of information access at their profile page. Most of the direct selling software provides the following information: genealogy tree, account statements, live payout modules, Pins, reward and bonus calculators, custom and pre-defined reports, password updating and mail box. And for owners, these software come with a variety of management tools on the profile page. The administrator has access to MIS reports, sign-up controls and Pin management tools, search option for profiles, mail manager, advanced user and contents manager and password updating for admin and members.
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Reward calculators play a motivation role for members. Hence, these calculators should be provided in the member’s login area. SMS alerts integration is the latest development in this field and most of the MLM software providers have adopted this feature. It is also now possible for each member to develop their webpage as per their requirements for utilities and looks. Shopping carts designed with dynamic products menu are a special attraction for members and new buyers. Highly secure payment options combined with wide payment mode options also increase the value of the software. Online education modules are also gaining popularity with direct selling software.
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Tennis is one of the simplest games requiring only a ball and two racquets. It is widely believed that this game has its origin in France from 12 century when the ball was stuck with hand instead of a racket. Modern day game of Tennis has its origin from 19 century England. The word tennis originates from the French word Tenez which means hold in English. Initially Tennis was an indoor game where the ball was hit against the wall by a single player. The present day tennis which originated in Birmingham, England is known as lawn tennis. It is played between two players (singles) or between two teams having two players each (doubles). Doubles can be mixed when each team has male and female player. These days Free Tennis Game based on real life tennis can be played online.
In tennis the two player or the two teams use rackets to strike a rubber ball over a net to each others opponent court. It is probably the only game which has changed the least since its inception. Two major changes in 1908 and 1964 and since then the game has not changed its rules. Hence it is a game with the oldest rules.
The racket consists of an oval shaped head with a handle. The head of the racket has tightly bound wire. The tennis ball is hollow covered with felt. During the match there exists an umpire who judges the play. This umpire sits in a raised chair on the court and makes factual decisions on the game. A referee stands outside the court that has the final authority and can overrule the umpires decision. The basic reason for these provisions is to maintain the continuity of the game. With increasing technology electronic sensors have started replacing these judges. Hawk eye is the electronic sensor being used in many professional games. Each set is followed by a break time. Another important concern about ball being worn out is addressed by professional bodies. Inspired from real life game online versions of Free Tennis Game can be played on the net.
Tennis is a game that tests both mental and physical stamina of players. If the online players miss the physical involvement they can play the game with xbox which functions simultaneously to the players body movements. This gaming will provide you with the real feeling of the game. Sample free tennis game using xbox are available online for you to try out.
Pacxon game is a highly captivating game and the mission is very simple. You have to be swift enough to capture the monsters by encircling them with a wall. This way the vacant space would keep getting filled up. The space would initially be empty and would keep getting filled up as you continue building walls to trap the mobsters. Once 80% space is crammed, you would progress to the next level. All through the game you have to bear in mind that the monsters touch can bring the game to an end. Hence, you have to try every effort not to let them touch you.
There will be power-ups appearing randomly during the game and you must make haste in collecting as many power ups as you can. This will act in your favor and help you win the game with ease. You have to begin the game by moving Pacxon into the vacant area and then bringing it back towards the wall. This will help in capturing the area. You have to ensure that the monsters neither touch the wall that follows them nor Pacxon.
The power-ups appearing randomly on the screen during Pacxon game are of profound significance. It will help to slow down the speed of the monsters or may even freeze them completely. They will in turn increase your speed and this will be an added advantage for you. You would able o capture the monsters with much ease and will move steps closer towards winning the goal. Care should be taken to be very swift while collecting the power-ups because they last for a very brief period. If you fail to collect it within that short period you will lose your hands from their immense benefits as they would disappear from the screen.
Remaining lives would be indicated on top of the screen towards the left hand side. The top right side of the screen would give a status on the progress of the game. Every stage would be cleared when 80% of the vacant area would be filled up. You would then become eligible to move to the next progressive level of Pacxon game. This game can be easily won if you have a good co-ordination of your hand and eye. If you play with a well planned strategy and a focused mind then clearing every stage would be a very easy task for you.