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.
Punjab National Bank today said its plans to foray into insurance business are alive and is looking for a joint venture partner.
Start your new year with lots of happiness and planning. Here is you free calender wishing u and u r family a very happy and prosperous new year 2011 !!!! Cheers!!!
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.
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.
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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
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 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’.
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.