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Recent Posts
- Rajiv Gandhi Equity Savings Scheme – New Tax Savingshaven
- What a common salaried man can expect from Budget 2012?
- ATTENTION ALL LIC POLICY HOLDERS
- LIC India increases bonus
- PNB agrees to pick 30% in MetLife India
- Guaranteed Return Plans
- Income Tax Return Online – Save Time
- Why Fixed Deposits are not good for your child
- Gold ETF turnover nears Rs 500 cr on Akshaya Tritiya
- Health Insurance for Government Employees
- Life insurance premium may come down soon
- Issue of Postal Life Insurance Government of India Special Security
- Insurance Scheme for Teachers
- Fixed Deposit rates may Decline in Coming Weeks
- IRDA limits scope of selling Ulips Over phone by distance insurance marketers
- Tax-saving traps to avoid
- Samvardhan – Pension Scheme for LIC agents
- Samridhi Plus – LIC of India – Samridhi Plus Unit Link Plan
- JEEVAN SAMRIDDHI – Money Back Plan
- Life insurers want tax exemption limit increased
- LIC pays Rs. 1030 crore dividend to Govt for FY10
- Warnings and Penalties – Max Newyork Life Insurance Co
- LIC BIMA Account 1
- LIC of India, IRDA and Tax-free Infrastructure Bonds
- How much tax do infra bonds really save?
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Fixed Deposit rates may Decline in Coming Weeks
Posted on April 13th, 2011 in News
Fixed deposit rates are likely to come down soon.
IRDA limits scope of selling Ulips Over phone by distance insurance marketers
Posted on April 9th, 2011 in News
Distance insurance marketers will not be allowed to sell non-single premium Ulips with annualised premiums of over 50,000 per year and single premium Ulips with premiums above 1 lakh per year, over telephone – voice as well as SMS. They will also not be able to sell any variable insurance product through such modes. Irda [...]
Samvardhan – Pension Scheme for LIC agents
Posted on February 21st, 2011 in News
Samvardhan – Competent Authority to start a Group Superannuation Cash Accumulation Scheme- ‘Samvardhan’, for the Agents of the Corporation.
Life insurers want tax exemption limit increased
Posted on February 10th, 2011 in News
With the Budget 2010-11 around the corner, the life insurers have put forward then-wish lists. The Life Insurance Council the official representative body of the life insurers had recently met the standing committee on finance headed by former finance minister Yash-want Sinha to submit proposals for the Budget.
LIC pays Rs. 1030 crore dividend to Govt for FY10
Posted on February 4th, 2011 in News
The Gross Total Income of the Corporation rose to a mammoth Rs. 2,98,721 crores showing a phenomenal growth of 49.15% over FY 2008-09.
LIC of India, IRDA and Tax-free Infrastructure Bonds
Posted on January 30th, 2011 in News
The Insurance Regulatory and Development Authority (IRDA) has asked Life Insurance Corporation of India (LIC) if it is complaint with regulations regarding raising of funds through bonds.
Long term infrastructure bonds – IDFC Infrastructure Bond-Series ll
Posted on January 19th, 2011 in News
In 2010, the government introduced a new section 80CCF under the Income Tax Act, 1961 (“Income Tax Act”) to provide for income tax deductions for subscription to long-term infrastructure bonds and pursuant to that the Central Board of Direct Taxes passed Notification No. 48/2010/F.No.149/84/2010-SO(TPL) dated July 9, 2010. These long term infrastructure bonds offer an additional window of tax deduction of investments up to Rs. 20,000 for the financial year 2010-11. This deduction is over and above the Rs 1 lakh deduction available under sections 80C, 80CCC and 80CCD read with section 80CCE of the Income Tax Act. Infrastructure bonds help in intermediating the retail investor’s savings into infrastructure sector directly.
Big B named ICICI Prudential Life’s brand ambassador
Posted on January 4th, 2011 in News
Megastar Amitabh Bachchan, who endorses a slew of consumer products, has been appointed as brand ambassador of private insurer ICICI Prudential Life Insurance.
Private life insurers fail to meet break-even targets
Posted on January 3rd, 2011 in News
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
Posted on January 3rd, 2011 in News
Punjab National Bank today said its plans to foray into insurance business are alive and is looking for a joint venture partner.