Category Archives: Uncategorized

Gambling Addiction: How Is It Different From Other Addictions

If you have a loved one who is a gambling addict, you might be asking yourself what caused this to happen. A lot of research has been done as to why people start having this problem. What research has found is that there is no definite reason as to why people develop gambling addictions.

The causes vary from case to case even if it is good to know the exact reason, the resolution will always be more important for this kind of disorder.

This article will list some of the several reasons why a person gets addicted to gambling. To begin with, gambling is an exhilarating experience. During the actual activity, adrenaline kicks in and this is a good feeling to have. Some people want to experience these “feel good” elements in the brain over and over again, hence the start of the addiction.

Some people consider gambling as a filler of an empty void in their life. For example, if someone close to you dies, you turn to gambling to fill the emptiness and longing that you have for that person. If you feel like something is missing in your life and you can’t quite pinpoint what it is sometimes you turn to instant fun, like gambling, and this can be the beginning of an addiction.

Others would turn to gambling to escape from an emotional burden or a frustration. These gamblers usually can be seen playing slot machines, online gambling, or even the lottery. If your environment is made up of parents always fighting, or you are faced with too many expectations from other people, sometimes you just want to get away from it all and take risks through gambling.

If the people around you are gamblers, then there is a very big possibility that you will end up like them. The environment you are in can be a very critical factor in contributing to a gambling addiction.

Since these people will eat, talk, and sleep gambling, you are most likely to follow their lifestyle. It is very easy to like the winning part and this can be your motivation. The kick you get out of getting “easy money” adds icing to the cake.

Gambling addiction is one of those kinds of addiction that is so difficult to comprehend since it does not engage in substance abuse such as smoking or drugs. But just like the two forms of addiction, gambling is a very rampant activity. And much to the delight of these gamblers, it is fast becoming uncontrolled in the internet. The set-up is very similar to that of a casino, except for the actual interaction of the people involved.

Everything is just a mouse click away. However, just like the real thing, online gambling is quite addictive and a troubling experience for anyone who doesn’t have the self-control required to enter the world of gambling. ยิงปลา
The moment you get addicted to gambling, your body responds to the whole process in a different way.

Normally, the body releases chemical-like endorphins that make you feel good once you start winning. If you get this exhilarating experience, you will want the urge to win more and get the “high” out of the gamble. Normal reasoning is thrown out the window and there is no remorse for the time and money spent when betting. This is generally what it feels like anywhere, whether you are in a casino or in your computer gambling your time away.

There are so many people who have become online gambling addicts, from underage teens to senior citizens alike. Once addicted, these people never know when to stop until they are down to their last cent or they are already heavily in debt. The mind of the gambler always looks and hopes that the next huge win is just a few more tables or mouse clicks away.

Akin to any type of dependency, being addicted on betting can result to immense financial and relationship troubles. A few programs have been developed to help these people in need. GA, or Gamblers Anonymous is one of those that cater to the needs of gambling addicts. Others include online help programs, hypnotism, or psychiatric programs prepared by your very own psychiatrist.

Many addicts are turning the online help as it is the fastest way to get the tools needed to quit gambling today. Online help to quit gambling can be put to use immediately.

For some, the addiction started out as something to while away the time and just wanting to have time while on break. But if the sense of control is slowly losing and your world starts revolving around online betting sites, you may have more serious problem than you think.

About the Online Betting Industry

We’ve all seen the adverts on the television – loud repetitive jingles being played with flashing lights, celebrities offering great free bet offers across a wide variety of sporting markets and images of punters spending all the money they’ve won through these great deals. Seems easy to get free cash out of these companies doesn’t it? Well, sometimes it certainly is; sometimes, however, the deals aren’t quite what they seem. This article will aim to ensure you don’t get caught out by marketing campaigns that can lose you more than you could ever wish to gain.

I became interested in gathering up and using as many free online bets as I could when given a guide by a friend as how to ‘off-set risk’ by using a popular trading company, and it worked successfully for me. In that time I visited around 20 websites and used their special introductory offer each time to make some money.

Certain companies appeared instantly to be more generous than others, allowing new customers to put free wagers on up to £200 a time it appeared. This seemed very good when compared to those offering ‘just’ £50 to new customers or less. As with everything that seems too good to be true though, it became clear that there was a catch.

Many new customer offers have certain terms and conditions that, whilst they are not trying to catch people out so they lose money, do tend to ask customers to gamble more than they initially intended.

For instance, the following conditions will typically be requested before the amount of money offered as a free wager can be given, or before the user can withdraw any profits from the site:

• Typically the minimum odds for activating or using a free bet will be evens, or 2.0. Ensure you check this out, as this automatically 918kiss  means that your opening gamble is going to have to be on an event that is by no-means guaranteed.

• An amazing ‘£200’ offer may be split across a number of wagers. For instance, they may give you a £50 free bet but then ask you to gamble the same amount 5 times before you can have another ‘free’ wager of the same value. This could prove to be exceedingly expensive if you end up losing a lot of these!

• Some companies monitor the betting patterns that you have when working through opening offers as above, so if you need to gamble £50 five times to get a no-cost bet of the same value they have the right to stop you from doing so and only allow you to bet a lower amount, bringing your average down and stopping the full offer to be realised.

• Most firms will only allow you to claim money off them if you place your wager on the same day that you create your account, so look out for that – and make sure that any free bet is spent within 30 days of your opening gambit, as per most company rules.

We want to teach you how to win online betting without putting in any effort. This is important, especially for those who never win on online betting. The trick is actually simple. This method will guarantee you to make thousands of dollars from casinos. This is based on how casinos work on your money.

You need to know that bonus is something that gives you a way to raise lots of money. Casino owner knows how to take your money from you and always look for a way to make you bet again. This is the trick came from.

Bonus is a multiple count of your money where its claimed as risk free techniques to put any bets. However, it seems you never enjoy it if you lose. As you know, every betting must involve two sides in an opposite. You can call it betting exchanges and bookmakers. Bookmakers like a friend of you that will win if you win.

Betting exchange is the enemy of you where they gain some money if you lose. Now, you can use this knowledge to make a profit on you. You can win and lose at the same time if you put two betting in the opposite. This is useless information for gamblers.

Now, we look at the money spot. They usually give bonus if you deposit your money or just for sign up (for some online casino website). However, it requires you to wager at least triple amount of bonus, which makes you hard and loses lots of money before reach this number.

You need to sign up to a bookmaker and betting exchange where you can raise a $100 bonus. Place one side to lose of another side where you must wait until the result comes out. Now, you have balance odds in your account. Try to do this at least two times to fulfill the withdraw requirements.

Which is More Fun – Online Casinos Or Land-Based Casinos

A land based Casino or an online casino? Which provides more entertainment and excitement? Well, the online casinos have certainly given a new dimension to the world of enjoyment and amusement.

No doubt, there is definitely something more real and exciting playing at a real fun casino. The loud music, drinking a few free beverages, wagering your money and shouting with excitement is fun. But that’s it. The comparison ends there.

Here are different advantages and disadvantages of these 2 very different fun casino experiences:

1. Location: One of the biggest advantages online casinos have is that they are right there in comfort of your own homes to play at. Unlike the land casinos, you don’t have to make a trip or travel to play at an online casino. You can access any type of fun casino game at any time and from anywhere.

2. Variety of games: Online casinos provide a huge variety and number of games. Land based casinos, on the other hand are limited due to floor space. It is impossible to fit in all variety of Casino games within the four walls of a real casino. Online casinos exist in cyberspace, where space is unlimited and not a problem. One can virtually play any game, with any variation they desire. ufabet

3. Graphics: The realistic looking graphics at online casinos give you the real feel and excitement of playing at a live Casino. The quality of the graphics and animations keep getting better with time. The land based casinos often have inferior graphics and sounds when compared to an online casino.

4. Environment: While playing at the web casinos, one has all the time to pause, think, ask a friend, or even consult a book for the next move. You have all the time in the world. One does not have such a choice in a land based casino where one has to make quick decisions without consultation. At online casinos, the pace of the game is in your control.

5. Payment Options: You can almost never play for free at a land based casino. Leave alone a few practice games. Well, you have no such problems at web casinos. You can play as many free games as you want for practice or just for fun. It is entirely your choice when you want to gamble for real money.

With many payment options available on an online casino which are both safe and secure, transferring money online has never been a problem. One has no worry about carrying chips or misplacing them.

What Are the Advantages of Playing at Online Casinos?

Gamblers have an alternative option to play their favorite casino games on Internet in addition to the traditional land-based casino. The feeling and playing experience can be totally different between these two versions of playing environment. Some players like to play at brick-and-mortar casino while others may take the advantages of online casinos. Let’s explore a few major advantages of playing at online casino that make many players choose it as their option to play their favorite casino games.

1. Play from Any Location

With the available of online casinos, gamblers don’t need to travel all the way to the land-based casino just to enjoy the fun of playing their favorite casino games. You can play from anywhere you like, no more need to take off from job just to have fun at casino, no more need to take the hassle and waste the gas to travel all the way to casino just to play your favorite games. All you need is an internet connection to enable you to reach any online casino you like.

2. More Casino Choices

You can sit in front of your computer that is connected to Internet and reach any online casinos with a few finger clicks. There are far more online casinos than the land-based casinos in the world. You have more choices to select the casino you like to play and switch from one casino to another just to enjoy different playing environment offered by different online casinos.

3. Peaceful Playing Environment

You may get a better concentration at online playing environment. There is no noise and distraction from waitress offering you the drinks at regular basis, no yelling and laughing voice from other players and no disturbing sound from dealers collecting and distributing chips. You can play at a very peaceful playing environment at your own room and turn off the computer sound if you like. ufabet

4. Play Multiple Games Simultaneously

You can only play at one type of games at a time if you are playing at land-based casino. Whereas, online casino allows you to open up a few different games and play them simultaneously.

5. Easy Money Transaction

Most online casinos provide various banking methods to allow you make deposit and withdrawal easily. Comparing to the land-based casino, you need to carry cash along or withdraw cash at the ATM located at casino and after that you need to change the money into casino chips before you can play the games. Online casinos provide easy money transaction that automatically deposit money into your player’s account upon deposit and credit the winnings into your account every time you win. You can make request to withdraw the money safely into your credit card, bank account or any of your selected banking methods

6 Tips To Start Building A Gambling You Always Wanted

Online casino games are brilliant invention that completely transformed the field of gambling. They enable people to gamble with less commitment of time, money and inconvenience than before. Comparing online casino with land casino is like comparing apples and oranges, each appeal to different aspects of a player’s game. Let’s take a look at the advantages and disadvantages of online casino games as compared to the land-based casino.

The Surroundings: there is great fun and excitement playing casino games at the actual casino, but when it comes down to what important to the casinos – gambling the casino atmosphere is trying to dissolve and distract you… from your money. In land casino you are competing not only against the dealers and other players but also the casino crowd that watch your every move. One more disadvantages start with the trip to the casino. Depending on where you live, you might have to drive for several hours, or fly, just to get there., on the other hand, When you choose an online casino, you remain in control. An online casino can’t outdo you in the comfort of your own home. You don’t have to travel; you don’t even have to get dressed. There is something liberating and thrilling about knowing that any casino game that you could possibly want to play is available at your fingertips.

Money!! In land casino you buy chips with real money; in an online casino you will create a casino account and transfer funds into it. The fundamental difference however that in an online casino you know how much money you have at all times. The chips are only used for bets and the entire thing isn’t as puzzling as it would be in a land casino.
The most important thing is that online casino will let you play free, in a land-based casino you can’t enter and play practice games before you start betting any real money, but at online casino. No problem! Play as many free games as you want. Try new games that you are not sure about. Practice your game strategy. Play until you feel comfortable with the game and confident that you understand all the rules and secure with your strategy. In an online casino, you can play all the games for free, for as long as you want. Then, you can gamble real money only when you decide that you want to.

Are the games really different? In roulette, for example, there is a difference in the experience of clicking the Spin button in an online roulette game and the experience of watching the croupier spin a real roulette ball around a real roulette wheel. But beside that different, the game is the same. When you play roulette online, you play with a Random Number Generator that is programmed so that, over the long run, each roulette number will hit 1 out of 38 times, just like on a real roulette wheel. So the differences between them are really a matter of preference and taste more than any significant differences in the game play itself. สมัคร gclub

In slot machines, the similarities are even more striking. In the land-based casinos the slots are not mechanical “one-armed bandits” anymore. The computerized slot machines you would play in a land casino are exactly the same as the computerized slot machines you would play in an online casino. The only difference is that when you play slots online you are playing from the comfort of your own home, and you can get up and take break without losing your place at your favorite slot machine.

Security and privacy: there is no dress code in an online casino, an online casino will not try to film or picture you. You can play games in an online casino while wearing boxers and flip-flops. And you can do it with beer in your hand, a cigarette or whatever is it that you prefer. Play as much as you want and win as much as you want. Nobody is going to kick you out you can have full trust on online casino.

No one has the option to cheat you with the game. Online casinos have the latest state of the art encryption technologies to protect the players’ privacy. With the upcoming techniques and security proofed software you can have full trust on online casino. When entering an online casino, you should read their privacy statement! The security technologies that online casinos employ are designed to protect the player because he is the most valuable asset of online casinos.

Competition! Running a land casino is much more expensive than an online casino. That means there are more online casinos and more online casinos means competition between the Internet casino houses. This competition means better service and more fun for you. Choice means you can stick to what you like, find an online casino that offers the best as it suits you – the player – and if you didn’t like the experience, just dump them and Try another online casino

6 Life-saving Tips About Gambling6 Little Known Ways To Make The Most Out Of Gambling

Recreate the glamour and excitement of a James Bond movie by hosting a Casino Royale casino theme party. This article lists the steps you should follow for a unique party experience that your guests will always remember.

Glamour Theme or Fancy Dress?
A Casino Royale theme party can either be a formal occasion, or a more casual fancy dress party.

The formal option involves guests being dressed in tuxedos and evening gowns, and should be set in a venue equally as glamorous. This is a party with class! Guests are made to feel like they have entered an exclusive European Casino where they are the rich and famous, and money is no object. Don’t forget to have waiters offering champagne and canapés to enhance the experience!

If your budget doesn’t stretch to the formal version, you can always host a Casino Royale party with a twist by making it a fancy dress. Ask guests to dress up as characters from any James Bond adventure. Ideas for women include Miss Mata Bond, May Day, Pussy Galore, Vespa Lynd, Rosa Klebb, Jinx, or more generic characters such as a Decoding Room girl or Russian Henchwoman. You don’t want all the men to come as James Bond of course, so offer suggestions such as Odd Job, Doctor No, Baron Samedi, Jaws, and Emilio Largo.

If you want a combination of these two ideas, you could opt for an op-shop or vintage formal fancy dress. This is a more tongue-in-cheek glamour that allows guests to perhaps recreate some of the 1960’s style formalwear from the Bond movies.

Whatever dress option you choose, make sure you make it clear on the invitation so that all guests join in on the fun!

Invitations for a Casino Royale party
Invitations for a Casino Royale theme party can be a fun DIY project, or can be purchased through specialist invitation designers. You may want to try a design using the iconic 007 gun barrel image as a background, or embellish a plain invitation with recreations of the Casino Royale movie title, or the 007 logo.

Another design option would be to recreate the look and feel of the 1960’s Casino Royale book cover. This would be especially effective for a vintage formal Casino Royale fancy dress.

Shaken, Not Stirred
Catering for a Casino Royale theme party should focus on canapés. Bite-sized finger foods are easier for guests to handle when they are standing around Casino tables, unless you are serving a sit down meal before the gaming begins.

Drinks should obviously include a “shaken, not stirred” Martini, and champagne shouldn’t be forgotten. For some extra fun, use your imagination and create a cocktail list of drinks with James Bond style names.

Casino Royale Casino Games
Baccarat was James Bond’s favourite casino game in the Ian Fleming novels, but with the growing popularity of Texas Hold ‘Em in the early 2000’s, the latest Casino Royale adaptation featured James Bond playing Poker. Either game is great for a Casino Royale theme party, but guests will also enjoy the traditional Casino favourites – Blackjack and Roulette. royal online

There are companies which provide Casino tables and Croupiers for party hire. Of course you will be limited to those who operate in your area, but in making the decision on which company to hire, be sure to check that you are getting the best service available. Choose the company which provides the most realistic looking tables and equipment. Don’t settle for felt layouts which are thrown over trestle tables – this is hardly Casino Royale style! Chips and cards should look good and be in good repair, and the Roulette wheel (if you hire one), should be the full Casino size of 32″ in diameter. Anything less will look like a toy and will detract from your guests’ Casino experience.

Just as importantly, ensure that the Croupiers employed for your party are fully experienced and have excellent customer service and entertainment skills. Testimonials from previous customers will give a good indication of this. If the testimonials mention names, then ask specifically for those staff to attend your party. The equipment can look great, but at the end of the day, it is the Croupiers who will be assisting and entertaining your guests, so you want the best available

Online Casino Games – Advantages of Playing Different Online Casino Games

Playing at one online casino all the time can create a comfort level for the user. The navigation is easy, the processes are familiar and friendliness has been established with the casino support staff. If the player plays sporadically at casinos then there is a net advantage in this comfort level. However, if regular players stick to one online private club then they will have to face certain disadvantages.

First of all, playing at one internet casino all the time can get boring. The player is in the same playing environment all the time and this brings with it a sense of an idea. One way of combining familiarity and newness is by wagering at different casinos of the same group. Casinos of the same group use the same software, have very similar navigation and also share promotion schemes. However, they are usually based on different themes and create different playing environments. Hence players can experience change without losing out on the sameness. Another advantage of playing at different online gambling of the same group is that the loyalty rewards scheme is common. Hence no matter on which group casino the players wager their loyalty points accumulates in a common pool. Take, for example, the Casino Rewards group, which is one of the largest online nightclub groups. Its Blackjack Ballroom brand offers a classic and elitist environment. Golden Tiger Casino and Lucky Emperor Casino have an Asian look. Aztec Riches Casino and Yukon Gold Casino have the ancient civilization’s theme. And there is the Captain Cooks Casino which takes players on a voyage of exploration and discovery.

However, beyond the point playing with the same software can also get boring. The games are identical and playing the same game is again and again even at different online casinos takes away from the excitement. There are several reputed gaming software providers who have their own set of games and their own strengths. In order to enjoy online gaming to the maxim it is essential to try out online social establishment powered by different software providers. Micro gaming offers the Gold Series of table games like blackjack and roulette, which have a large number of features and considerable customization. Crypto logic offers branded online slot games that bring branded characters like Superman and the Incredible Hulk to life. Vegas Technology specializes in online tournaments. Therefore, by playing at online social establishment powered by different software providers, players can purchase the best games from each online social establishment and thus enhance their gaming experience. Playing at online casinos powered by different software providers also enables players to keep abreast of the latest happenings in online gaming. UFABET

There is one very important commercial reason for playing at more than one online social establishment.
Most online casinos impose limits on the amount is that can be deposited or wagered or withdrawn in a given week or month. If players wager at only one online social establishment then they are bound to be constrained by these limits. By wagering at many online casinos players can circumvent these limits imposed. If the deposit limit at one online social establishment is reached then the players can switch to another casino. Their gaming can continue unimpeded.

Ideally, a player should register at about five online casinos covering at least three different software providers. This will give him all the variety that he needs and the freedom to wager the way he wants to. Finally there are some well established and experienced web sites are offering these online casino games to their valuable customers. For more information and details, please visit their valuable web sit

A Look At Concrete Pumping

Concrete pumping is not something new, and actually does mean they pump concrete. Being a liquid this substance can be pumped at high volumes and with the assistance of the proper kind of equipment can deliver concrete into very tight places where a typical concrete truck would never fit.

Pumping Services – These pumping services are usually thought of as huge construction company facilities, and are contracted to pump concrete into high rise building construction sites where it is impossible to achieve the same volume of delivery by any other means. However, concrete pumping is also done in any residential, or industrial area where streets are too narrow for large trucks.

Other places concrete pumping services are used would be where a smaller rig can be sent in to pour swimming pools, sidewalks and where new housing construction needs home concrete slabs. You or someone you know might very well be living in a house that had the concrete floor pumped in by one of these services.

Pumping Equipment – This type is called a boom, they can easily reach 300 meters, and if you have ever wondered how they got concrete into those tall forms for support structures, it was a boom that did it. This equipment does not look all that large when the boom arm is robotically folded up and like a collapsed accordion it lays neatly in place atop a truck that looks much like a large firetruck.

When there is no way to drive a concrete mixer truck into the location or tie up traffic for that many years, you will likely find a boom truck handling at least part of the job.

If you can imagine a giant mosquito using its proboscis (mouth) to deliver concrete way over the top of buildings and down into an alley on the other side, that is sort of what these rigs look like. With this ability these units can reach into places that it would be impossible to maneuver any other type of equipment. These can be seen reaching across big city streets from one set of buildings on one side of the street, high above the cars below as it stretches to the buildings on the other side of the multiple lane street. concreter sydney

A second type is called a line pump which has a slower volume, but is able to get into the places where a boom rig will not fit. These pump concrete into such jobs as doing ground slabs or swimming pools, even sidewalks.

Effect of Liberalisation in Insurance Industry

Introduction

The journey of insurance liberalization process in India is now over seven years old. The first major milestone in this journey has been the passing of Insurance Regulatory and Development Authority Act, 1999. This along with amendments to the Insurance Act 1983, LIC and GIC Acts paves the way for the entry of private players and possibly the privatization of the hitherto public monopolies LIC and GIC. Opening up of insurance to private sector including foreign participation has resulted into various opportunities and challenges.

Concept of Insurance

In our daily life, whenever there is uncertainly there is an involvement of risk. The instinct of security against such risk is one of the basic motivating forces for determining human attitudes. As a sequel to this quest for security, the concept of insurance must have been born. The urge to provide insurance or protection against the loss of life and property must have promoted people to make some sort of sacrifice willingly in order to achieve security through collective co-operation. In this sense, the story of insurance is probably as old as the story of mankind.

Life insurance in particular provides protection to household against the risk of premature death of its income earning member. Life insurance in modern times also provides protection against other life related risks such as that of longevity (i.e. risk of outliving of source of income) and risk of disabled and sickness (health insurance). The products provide for longevity are pensions and annuities (insurance against old age). Non-life insurance provides protection against accidents, property damage, theft and other liabilities. Non-life insurance contracts are typically shorter in duration as compared to life insurance contracts. The bundling together of risk coverage and saving is peculiar of life insurance. Life insurance provides both protection and investment.

Insurance is a boon to business concerns. Insurance provides short range and long range relief. The short-term relief is aimed at protecting the insured from loss of property and life by distributing the loss amongst large number of persons through the medium of professional risk bearers such as insurers. It enables a businessman to face an unforeseen loss and, therefore, he need not worry about the possible loss. The long-range object being the economic and industrial growth of the country by making an investment of huge funds available with insurers in the organized industry and commerce.

General Insurance

Prior to nationalizations of General insurance industry in 1973 the GIC Act was passed in the Parliament in 1971, but it came into effect in 1973. There was 107 General insurance companies including branches of foreign companies operating in the country upon nationalization, these companies were amalgamated and grouped into the following four subsidiaries of GIC such as National Insurance Co.Ltd., Calcutta; The New India Assurance Co. Ltd., Mumbai; The Oriental Insurance Co. Ltd., New Delhi and United India Insurance Co. Ltd., Chennai and Now delinked.

General insurance business in India is broadly divided into fire, marine and miscellaneous GIC apart from directly handling Aviation and Reinsurance business administers the Comprehensive Crop Insurance Scheme, Personal Accident Insurance, Social Security Scheme etc. The GIC and its subsidiaries in keeping with the objective of nationalization to spread the message of insurance far and wide and to provide insurance protection to weaker section of the society are making efforts to design new covers and also to popularize other non-traditional business.

Liberalization of Insurance

The comprehensive regulation of insurance business in India was brought into effect with the enactment of the Insurance Act, 1983. It tried to create a strong and powerful supervision and regulatory authority in the Controller of Insurance with powers to direct, advise, investigate, register and liquidate insurance companies etc. However, consequent upon the nationalization of insurance business, most of the regulatory functions were taken away from the Controller of Insurance and vested in the insurers themselves. The Government of India in 1993 had set up a high powered committee by R.N.Malhotra, former Governor, Reserve Bank of India, to examine the structure of the insurance industry and recommend changes to make it more efficient and competitive keeping in view the structural changes in other parts of the financial system on the country.

Malhotra Committee’s Recommendations

The committee submitted its report in January 1994 recommending that private insurers be allowed to co-exist along with government companies like LIC and GIC companies. This recommendation had been prompted by several factors such as need for greater deeper insurance coverage in the economy, and a much a greater scale of mobilization of funds from the economy, and a much a greater scale of mobilization of funds from the economy for infrastructural development. Liberalization of the insurance sector is at least partly driven by fiscal necessity of tapping the big reserve of savings in the economy. Committee’s recommendations were as follows:

o Raising the capital base of LIC and GIC up to Rs. 200 crores, half retained by the government and rest sold to the public at large with suitable reservations for its employees.
o Private sector is granted to enter insurance industry with a minimum paid up capital of Rs. 100 crores.
o Foreign insurance be allowed to enter by floating an Indian company preferably a joint venture with Indian partners.
o Steps are initiated to set up a strong and effective insurance regulatory in the form of a statutory autonomous board on the lines of SEBI.
o Limited number of private companies to be allowed in the sector. But no firm is allowed in the sector. But no firm is allowed to operate in both lines of insurance (life or non-life).
o Tariff Advisory Committee (TAC) is delinked form GIC to function as a separate statuary body under necessary supervision by the insurance regulatory authority.
oAll insurance companies be treated on equal footing and governed by the provisions of insurance Act. No special dispensation is given to government companies.
oSetting up of a strong and effective regulatory body with independent source for financing before allowing private companies into sector.

competition to government sector: intercom 2010

Government companies have now to face competition to private sector insurance companies not only in issuing various range of insurance products but also in various aspects in terms of customer service, channels of distribution, effective techniques of selling the products etc. privatization of the insurance sector has opened the doors to innovations in the way business can be transacted.

New age insurance companies are embarking on new concepts and more cost effective way of transacting business. The idea is clear to cater to the maximum business at the lest cost. And slowly with time, the age-old norm prevalent with government companies to expand by setting up branches seems getting lost. Among the techniques that seem to catching up fast as an alternative to cater to the rural and social sector insurance is hub and spoke arrangement. These along with the participants of NGOs and Self Help Group (SHGs) have done with most of the selling of the rural and social sector policies.

The main challenges is from the commercial banks that have vast network of branches. In this regard, it is important to mention here that LIC has entered into an arrangement with Mangalore based Corporations Bank to leverage their infrastructure for mutual benefit with the insurance monolith acquiring a strategic stake 27 per cent, Corporation Bank has decided to abandon its plans of promoting a life insurance company. The bank will act as a corporate agent for LIC in future and receive commission on policies sold through its branches. LIC with its branch network of close to 2100 offices will allow Corporation Bank to set up extension centers. ATMs or branches with in its premises. Corporation Bank would in turn implement an effective Cash Flow Management System for LIC.

IRDA Act, 1999

Preamble of IRDA Act 1999 reads ‘An Act to provide for the establishment of an authority to protect the interests of holders of insurance policies, to regulate, to promote and ensure orderly growth of the insurance industry and for matters connected therewith or incidental thereto.

Section 14 of IRDA Act, lays the duties, powers and functions of the authority. The powers and functions of the authority. The powers and functions of the Authority shall include the following.

 

Online Casino Review – Know the Importance

With the increasing number of online casino sites, it often becomes very essential for each and every player to go through comprehensive online casinos review. It is through the reviews that players can collect information relating to different sites.

These days one of the most common problems that people playing at the online casino sites suffer is the presence of the rogue sites. It may not be possible for each and every one of us to look at a site and say which is a legit one and which one is not.

If you count the total number of legit sites and the rogue sites present online, you will find that the number of rogue casino site surpasses the legit sites to a great extent. This is where you can understand why online casino review is important before you select to play with any site.

Rogue sites are always there to trap you and steal your hard earned money. So it will be essential for each player, interested to try their hands at casino gaming online, to opt for an extensive research on the online sites. Determining the legitimacy of the online casino sites will be an important step to ensure a safe and happy gambling experience.

What does it bring forth? Today, there are several websites fully dedicated to offer you reviews on different casinos. These review websites are especially designed to make gaming enthusiasts know more about the authenticity of the online casino concerned.

Information about the operation of any gaming site: The main business of the online casino review sites is to make players aware of the legit sites by offering them a range of information. You will get a great deal of information from these review sites. These include method of operation of the online casino sites, games, kind of bonuses on offer, type of payment that includes credit cards, paypal accounts and checks. บาคาร่า SA

Number of games on offer: Casino reviews let you know the total number of games offered in any site. You will get to know the names of the games on offer like slots, roulette, blackjack and more. Moreover, information on the different gaming variations are also covered under the online casino reviews. This kind of resource helps you to choose a site that offers information on preferred gaming facilities.

Informing about bonuses and tournaments: It is online casino review site that offers readers with a range of crucial information pertaining to the thrilling world of the online casinos. You get to know about the bonuses and freebies that are put on offer for both new players and existing players of the site. If there is any tournament including high prizes, you will also get to know more about them as well.

Software knowledge: In addition, it is through casino review that you get to know other information like the type of gaming software used in any site. You get to know who are the manufacturers of the gambling software and what are the features offered by them and much more.

For your convenience, most sites will offer you the details of the gaming software used in any particular casino site. These kind of information form to be helpful in making you a prospective online casino gamer. Make the right choice to get a safe gaming experience when you select a potential site that ensures your gaming experience.