Private sector lenders ICICI Bank and HDFC Ltd today discontinued with teaser home loans — under which customers get credit at concessional rates for the first few years — in a move […]
ICICI Bank, HDFC withdraw teaser home loan scheme
LIC settles claims worth of Rs 53,954 crores

Life Insurance Corporation of India (LIC) has settled over 2.11 lakh claims during the 2009-10 fiscal amounting over Rs 53,954 crore. LIC chairman T.S. Vijayan said at least 97.47% total maturity claims […]
From November 15, No third-party cheques allowed for mutual fund investments
Come November 15, 2010 and mutual fund companies will start rejecting your mutual fund application, in case the cheque is not from investor’s bank account (third party cheque). This is to […]
Keep Jumping
Someone asked rich investment banker Rothschild, " How did you become so rich?" He answered," I always waited for my opportunity and when it came jumped on it." The man said," I […]
UTI AMC to expand its micro-pension business
UTI Asset Management Company today said it plans to spread its micro-pension business across the country to gain size and profitability. "Unless we get very large volume, micro-pension will not be a […]
Who would you like to be – The Ant or the Grasshopper!

Remember the story of the ant and the grasshopper ? In that story, the grasshopper loved to sing and dance in the lovely weather during spring, whereas the ants were working hard […]
LIC, others get nod for tax-free infra bonds

The government allowed Life Insurance Corporation of India (LIC) and a few other finance companies to issue tax-free infrastructure bonds. An investment up to Rs 20,000 in these bonds will qualify for […]
LIC Jeevan Saathi: Unique Endowment scheme for couples
Marriage; may be the death of hope’ for someone like Woody Allen – the noted Academy award winning American film director. But for Life Insurance Corporation of India (LIC), marriage is the […]
DTC: Revised code brings relief to taxpayers

Giving a relief to taxpayers, particularly to salaried people, government on Tuesday proposed not to tax the withdrawal from pension funds, provident funds, including PPF and life insurance schemes in its revised […]
LIC plans to enter reverse mortgage space

The country’s largest insurer, Life Insurance Corporation (LIC), plans to enter the reverse mortgage space. LIC is in initial discussion with the housing finance regulator, National Housing Bank (NHB), for introducing this […]
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