Source : ET Dt. 12.03.2012 Get Jeevan Cover and Higher ‘Vriddhi’ in Maturity Gains Product Details LIC’s Jeevan Vriddhi is a single premium policy with a 10-year term that offers guaranteed returns […]
Gold loans face rising frauds
Frauds are proving to be a headache for gold loan companies which are grappling with the problem of borrowers pledging spurious and even stolen metal to meet their funding requirements. With a […]
Health, motor or property cover may cost more from April
Buying general insurance such as health, motor or property cover could cost more from April. The finance ministry has asked the national reinsurer, General Insurance Corporation, to stop underwriting loss-making businesses. The […]
Investment limit in Infra bonds to be increased?
The government is considering more than doubling the investment limit in infrastructure bonds eligible for tax rebates as part of a strategy to provide a funding boost to a vital sector while […]
LIC is number ONE in claim settlements
Life Insurance Corporation remained well ahead of private rivals in living up to the purpose of insurance by settling 97.03% of claims in 2010-11, helping the state-run giant retain its market dominance […]
Pvt Life insurers policy issuance dips 35% since April
According to the data collected by the Insurance Regulatory Development Authority (Irda), during 2011-12, life insurance industry sold close to 19.6 million policies, 15.31 per cent lower, compared to 23.14 million policies […]
IDFC Infra Bonds
Overview What are infrastructure bonds? To channelize long term retail flows into the Infrastructure sector, the Government of India had introduced Section 80CCF under the Income Tax Act, 1961 (‘the Act’). This […]
Bankers are ‘BHAYANKAR’ Mis-Sellers
1. The top level management of Banks etc. takes huge targets from Insurance Companies, Mutual Funds etc. Then employees of the organization are put under severe pressure to meet the targets. 2. […]
Common KYC for all investment products
Financial sector regulators are working towards a common KYC norm for investors across financial instruments – mutual funds, stocks, bonds, bank deposits, insurance and pension plans. While SEBI has already decided to […]
LIC to buy 10% stake in Kingfisher ?
In an interesting turn of events, the government has decided to ask the Life Insurance Corporation (LIC) to consider picking up 10 per cent stake in the troubled Kingfisher Airlines. The government […]
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