Megastar Amitabh Bachchan, who endorses a slew of consumer products, has been appointed as brand ambassador of private insurer ICICI Prudential Life Insurance.
Category: News
Latest news in India about finance, banking and insurance
Private life insurers fail to meet break-even targets
The Insurance Regulatory and Development Authority (Irda) has said private life insurers have failed to meet the breakeven targets indicated by them at the time of seeking a licence. However, companies have started taking corrective action and have reduced their operating expenses considerably.
PNB interested in insurance sector, seeks JV partner
Punjab National Bank today said its plans to foray into insurance business are alive and is looking for a joint venture partner.
Options in tax-saving investments – 2010 – 2011
Among instruments you cannot do without, is Public Provident Fund (PPF) which offers tax-free eight per cent annual returns with no risk, making it a good fit in most portfolios. However, a person can invest maximum of Rs 70,000 each year in PPF.
IRDA imposes 20 Lacs fine on Reliance Insurance for violation
Insurance regulator IRDA imposed Rs 50 lakh fine on 6 insurance companies, including private sector players Reliance General and Apollo Munich Health in 2009-10 for failing to comply with various norms, including rural and social obligations.
Can you trust your insurance agent?
IF a good-looking, well-dressed gentleman knocks on your door asking for help, would you turn him down?
Tips to ensure your agent doesn’t cheat you
GONE are the days when financial products meant only fixed deposits and small savings schemes. Now, there are an array of investments for your benefit
Pranab assures LIC investors on safety of money
Union Finance Minister Pranab Mukherjee on Saturday assured the investors of Life Insurance Corporation of India that they would not lose any money on account of the recent unearthing of the housing loan racket involving some top officials of the LIC Housing Finance Ltd.
Max New York Life enters ‘The Guinness Book of World Records’
Max New York Life Insurance, one of India’s leading life insurance companies, announced that it has earned its place in the Guinness Book of World Records. The recognition was bestowed upon the company for creating the ‘World’s largest umbrella’.
Don’t press panic button, your money is safe: Pranab
Finance Minister Pranab Mukherjee on Tuesday sounded the alarm bell for emerging market economies witnessing large foreign capital inflows to take note of the threat to their financial stability.