User:Vns.pillai

KANYA SURAKSHA is a unique group savings linked life insurance scheme designed and successfully implemented in the Kottayam District of Kerala State [India]by V.N.S.Pillai to commemorate the election of KR Narayanan as the President of India in 1997. KR Narayanan belonged to Kottayam District. The scheme covers almost all the eligible girl children of the District. When the scheme was implemented in 1997 in one month time 51220 people got enroled for the scheme voluntarily. This was a record because it proved that life insurance will be purchased by people, need not be sold always. By 2006 the scheme covers a 100,000 girls. Kanya Suraksha provides for a lump sum payment to girl children on their 21st birthday or on marriage if earler. For the successful designing and implementation of Kanya Suraksha V.N.S.Pillai was honoured by the District Administration of Kottayam [Government of Keral] for "Displaying greatness of spirit in the service of the people" [1999] and the RT Thomas Endowment-Kiranam Award - Man of the year-2001 was conferred on V.N.S.Pillai [2002]

The new concept of Reverse Underwriting was introduced into insurance literature by V.N.S.Pillai.[For details refer ICFAI University publication Insurance Chronicle May-June 2005 special issue "Reverse Underwriting" by Basavaraju and V.N.S.Pillai. 'Reverse Underwriting' was later submitted as a research paper to the Insurance Institute of India for consideration of the SK Desai award 2009. The Institute conferred a Consolation Prize on the research paper.V.N.S.Pillai was conferred the consolation prize in the annual conference of the Institute at Agra. The paper was available on Insurance Institute of India's site.

vnsp index means "Value of Notionally Secured Pensions" Index, a new concept introduced by V.N.S.Pillai. This is designed as a Pension Index for India. The research paper "Value of Notionally Secured Pensions Index - A Pension Index for India" was adjudged as the best submission to the Insurance Institute of India for their SK Desai Memorial Award 2014 for best essay / work of research in any aspect of insurance from the Afro-Asian region. The SK Desai Memorial award, which is the highest award of the Insurance Institute of India, was conferred on VNS Pillai on 23rd August 2014. The presentation of the award and presentation of the paper are available on Insurance Institute of India site. Pension Index is the ratio of Per capita Value of Notionally Secured Pensions to Modified per capita income. The Pension Index for India for 2012-13 is 0.05. This means that for every ₹1 pension payable India has made a provision of 5 Paise only.