Life Insurance Corporation has increased interest rates on loans against policies thereby shutting an arbitrage opportunity for policyholders. The corporation has also increased interest rates on delayed payments. Until recently the corporation […]
LIC hikes interest rates on loans and on delayed payments
LIC set to revise Term cover premiums
The country’s largest insurer, Life Insurance Corporation of India, plans to reduce its term insurance rates. Term insurance policies refer to those covers where the insurance company makes a pay out only […]
LIC pays dividend to government
D.K. Mehrotra, Current-in-charge Chairman of the Life Insurance Corporation (LIC) of India, handed over a cheque for Rs 11,37,99,41,904 to Pranab Mukherjee, Union Finance Minister, in New Delhi. D.K. Mittal, Secretary, Department […]
LIC Jeevan Vriddhi
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 […]
