INSURANCE - 3

1.International Health Insurance for Individuals and Families

GlobalCare International Health Insurance
Our program is a uniquely designed international health insurance program that offers you unparalleled medical benefits. GlobalCare is specifically designed for you if you are living outside of your home country on temporary or permanent assignment.

Program Highlights:

* Worldwide coverage
* $5 million in healthcare benefits
* Coverage for individuals and their families
* Flexible payment options and choice of deductible
* Interactive health and safety resources
* Optional War & Terrorism Coverage

GlobalCare Plus
This unique coverage enhancement extends the coverage under your GlobalCare policy and allows you to choose any country worldwide (including the United States) for treatment. The choice is yours, not the insurance company’s.

Family Coverage
Complete family coverage is available under this program, including coverage for local nationals and dependents who reside in their home country. If the principal applicant and spouse are both insured through the program, coverage for the first two dependents (between the ages of 14 days and 9 years) is provided free of charge.

2.CPI-M flays move to raise foreign investment in
insurance

2.Expressing “shock” after the Congress-led coalition government on Monday introduced a bill to increase foreign investment in the insurance sector, the Communist Party of India-Marxist (CPI-M) said it would “harm the financial sector”.

“The Manmohan Singh government has introduced a bill in the Rajya Sabha to increase the FDI (foreign direct investment) cap in insurance sector from 26 to 49 percent. This is a shameless move to facilitate greater control of the insurance sector by foreign insurance companies,” said a statement issued by the party's politburo.

The United Progressive Alliance (UPA) government introduced the bill for the amendment on Life Insurance Corporation Act 1956.

“It is shocking that the Congress-led government is taking this step at a time when the financial crisis in the US has exposed the pernicious practices of the insurance and financial companies of the west,” the statement issued by Hari Singh Kang, a CPI-M central committee member, said.

Denouncing the move, Kang said the move by the Manmohan Singh government would "harm the financial sector and import the crisis into our system".

“This confirms the fact that this government is more interested in favouring international financial capital at the expense of the country's interests,” the statement said.

CPI-M said it extended “its full support” to the strike Dec 23 by the insurance employees against the bill, it said.
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