IncomeTax/Insurance

Biography / Biodata

Hot facts in Biography

# His father Sivakumar is a famous Tamil actor.

# The actor is the eldest son in the family and has a brother and a sister.

# He fell in love with actress Jyothika during the shooting of Kaaka Kaaka in 2003. They married on September 11, 2006.

# The couple is blessed with a daughter “Diya” born on August 10, 2007, Diya means “light”.

# Before coming to the film industry Surya was working in a garment company in Chennai.

# He is brand ambassador for many companies including Himani Navratna Oil, Emami Fair & Handsome, Pepsi, TVS and Sunfeast Biscuits.

# He made his film debut with Nerrukku Ner in 1997 it was a big hit in the year.

# The tamil actor won the “Filmfare Best Actor Award” twice. (2003 & 2004)

# He also won “Kalaimamani Award” in 2005.

Surya Sivakumar quotes

# “Jyothika and I merely dint get attracted to each other. If that’s the case we wouldn’t come so far. We both get along well are two individuals and I am truly in love with her. She is a very nice human being. “

Surya Sivakumar best movie list

• Nerrukku Ner [ Vijay , Surya Sivakumar , Simran , Kausalya , Vivek , Raghuvaran , Manivannan , Prakash Raj , Dhamu ]
• Poovellam Kettuppar [ Jyothika , Surya Sivakumar , Delhi Ganesh , Nazar , Vadivelu , Vijayakumar , Ambika , Kovai Sarala ]
• Friends [ Surya Sivakumar , Vijay , Ramesh Khanna , Devayani , Abhinyashree , Vadivelu ]
• Nandha [ Surya Sivakumar , Laila , Rajkiran , Saravanan , Rajshree , Karunas ]
• Mounam Pesiyadhe [ Surya Sivakumar , Trisha Krishnan , Nandha , Maha ]
• Kaaka Kaaka [ Surya Sivakumar , Jyothika , Jeevan , Ramya Krishna , Daniel Balaji]
• Pithamagan [ Vikram , Suriya Sivakumar , Sangeetha , Laila , Mahadevan , Simran ]
• Perazhagan [ Surya Sivakumar , Jyothika , Vivek , Manorama , Thalaivasal Vijay , Manobala ]
• Aayitha Ezhuthu [ Madhavan , Suriya Sivakumar , Siddharth Narayan , Meera Jasmine , Trisha Krishnan , Esha Deol , Bharathiraja , Janagaraj ]
• Aaru [ Surya Sivakumar , Trisha Krishnan , Vadivelu , Kalabhavan Mani ]
• Ghajini [ Surya Sivakumar , Asin , Nayanthara , Pradeep Rawat , Mano Bala , Riyaz Khan ]
• Sillunu Oru Kaadhal [ Surya Sivakumar , Jyothika , Bhumika Chawla , Vadivelu , Santhanam ]
• Vel [ Surya Sivakumar, Asin Thottumkal, Vadivelu]
• Vaaranam Aayiram [ Surya Sivakumar, Simran Bagga, Divya Spandana]
• Ayan [ Surya, Prabhu, Tamanna]
• Aadhavan [Surya, Nayantara, Vadivelu]

CONTRACT’S LIABILITY INSURANCE

The contracts are given by the principal business house when the contractors give the proof of insurance for workmen’s compensation, employees liability and general liability insurance.

American International Group Inc. (AIG) through its member companies around the world provides effective services to the contractors and business companies with its global experience and network. Multinational Companies admit to their membership.

Only which experienced claim professionals familiar with the legal requirements of the country to provide effective services and handling worldwide liability claims. CNP provides its services to member countries with a true worldwide risk management tool.

PROGRESS OF LIABILITY INSURANCE

The liability claims totaled $84 billion in 2002 world wide. It one-sixth of all non-life claims. The costs of general liability claims grew faster than overall economic activity in developed nations. The most problematic lives of liability insurance are product liability, medical malpractices, directors and officers, errors, omissions and employment practices liability.

Insurers face the problem of premium calculations as the traditional methods of actual calculations are not suitable for it. So, they adopt risk prevention measures, limit accumulated risk. Insurers have to be vigilant in pricing and offering cover for liability risks. They pay more attention to wording and policy language. Insurers should cease underwriting if the limit may cross insurability and beyond imagination.

The growth of liability insurance depends upon economic factors, medical expenses, property value and wages, life spans legal expenses and others. The severity of claims is affected by rising medical costs, property value and wages. Trust and compensation are also influencing liability claims.

The growth rate of liability insurance during 1998-2004 was 8.8% twice than the growth rate in non-life insurance Brazil, Chile and Colombia recorded the highest growth rates ranging from 13% to 15%.

PROPERTY AND CASUALTY RISKS

Liability insurance in USA deals with property and casualty insurance. Controlled master programs ( CMF ) are widely used in insurance. It aims to provide global risk managers with the ability to manage and control world wide exposure. CMP is a group of linked insurance policies. The set of local policies is issued in conjunction with the master policy in any territories. Under writers and intermediaries must assess, the local laws Ana regulations. Certain laws require admitted liability policies non-admitted coverage allowed.

CMP provides uniform coverage and uniform liability limits. Given the difference in the content of liability policies in different countries which is achieved through master policy. Difference in conditions allows the coverage provide by the master policies. CMP specifies world wide jurisdiction and territory, so, that the insurance company can response to third party claims regardless of where they arise.

LOCAL INSURANCE REQUIREMENTS

The laws and regulation of the local country govern the issue and the operation of liability insurance. The business practice of the country also beside the procedure of insurance business. Warehousing, manufacturing, after sale services maintenances of specific contract would call for an admitted policy of liability insurance. The local countries requirement of standard policy and compulsory provisions should be followed by the multi national insurance companies. For example, general liability policies or prevalent in Germany.

Local policies in it clause of operation. For example, mandatory risk retention is imposed in Brazil. Insurers should issue all policies on economical and efficient basis

LIABILITY INSURANCE

Liability insurance does not have direct policy – holder. Insurer does not deal with policy –holder but deals with third parties . each liability policy has different nuances in it’s wording. The claims procedures are worded in the policy. The issue risks and excluded risks are properly given in the policy. Liability claims deserve more attention.

Doctors are liable for ill- treatment of their parties. Employees are liable for accident or death of employees during performance. There are several other examples which can case liability to a party. Liability claims to be more complicated because of the sheer number of parties. The insured has to prove this liability to third party for which insurance is taken.

Liability policies may be assured their on claims. Made are an occurrence based working claims. Made working indicates the claim should have occurred during the period of insurance. The claim should be made during the policy period of 12 months during which the policy is inforce. In a occurrence based wording, the even giving risk to the claims must occur during the policy period. The insurer world response whenever the claim is made.

PRIVATISATION OF INSURANCE INDUSTRY

Public enterprises in any country cannot perform all the economic and business activities efficiently. Even in a socialist country , public enterprise in all the fields cannot discharge their full responsibilities.Complete governmentalisation or nationalization will lead towards serfodom or anarchism . In apsends of free will personal interst ; the economic activities will not provide adequate and qualitative production. This is the reason that some droubles have started in some parts of the USSR and China. In Indian conditions where we have adopted mixed economy , expecting too much from public enterprises will distort the economy and ultimately will lead towards wastage of precious resources.

Supporting and subsidizing by the government indirectly punish the tax-payers and the country-men .Therfore , it is the high time to recast our industrial policy and should consider the productivity and efficiency as criteria to continue a particular unit whether public enterprises or private enterprises. The public enterprises cannot be sustained as sacred cow without milk. Similarly, the unscrupulous private enterprises declaring themselves sick cannot be put on ambulance for a longer time. It is a matter of satisfication that the government has started taking pragmatic approaches to revive the productivity and efficiency base criteria for the development of an enterprise. The restrications on utilization of full capacity by private enterprises are being removed gradually to increase production and productivity of the economy. The public enterprises will have to come at the compative of the private enterprises. If the formers are loosing in the efficiency and productivity criteria, they should be closed down and the private enterprises having more efficiency and productivity should be encouraged to increase production of the economy. The industrial policy that public enterprises provide more employment opportunities although production is nominal should be changed to bring them under productivity criterion . Providing employment for the sake of employment is adding fuel to the fire of inflation any trend in the economy because the productivity is very low. The government decision to the nationalizer cewrtain production undertaking is welcome step because they remain idle without production or very small production. Other political parties should release the gravity of productivity and discard the public enterprises for the sake of political system.

The government cannot perform all the functions with equal efficiency. The regulatory role, promotional role, entrepreneurial role and planing role have not been fully discharged by government. Barring few enterprises as envisaged in the industrial policy 1956, rest of the public enterprises should be returned back to the private institutions if their productivities are not improved to the level of a private enterprise. The government should concentrate more on regulatory , and planning roles. The entrepreneurial role should be confined only to those areas where the private entrepreneurs are hesitant and cannot discharge their functions satisfactorily at national level. Non-profitable business activities, defence, transport, education, communication and such types of public activities should be undertaken by the Government. W.A.Levis observed : “ The nationalization of industry is not essencial to planning, a government can do nearly anything it wants to do by way of controlling industry without resorting to nationalization”. Neither state monopoly nor private monopoly is desirable in the economy.

The competition, being the backbone of the productivity should be encouraged to promote the economy. The competition may be between and amongst the public and private enterprises. The productivity and efficiency are the important criteria to permit the continuation of an enterprise. The Public enterprises in some areas performed better than the private enterprises and, therefore, should be permitted to continue to accelerate the growth of the economy. On the other hand many public enterprises are wasting public money because of continuous loss and less production. Such enterprises should be handed over to the competent private companies. On the reverse, some private enterprises are at loss and declaring themselves sick. They should be taken over by the government companies of the area or by the private houses as the circumstance and nature of the business may be privalling at that time privatiosation may be done after analysing the efficiency of the organization and their role in the economy. The problem of public enterprises, inefficiency of public enterprises and efficiency of private enterprises, are considered under privatization and efficiency.