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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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Rocket Sale of Endowment Plus
Posted on October 12th, 2010 in News
The Chandigarh division of Life Insurance Corporation of India (LIC) has topped among 107 divisions of the firm in the country by selling maximum policies of ULIP-based Endowment Plus, which was launched yesterday. “On the first day of the launch, our (Chandigarh) division sold maximum number of policies of Endowment Plus among our other offices in the country,” LIC (Chandigarh) Senior Divisional Manager Raghupal Singh told reporters here today.
Reliance Life targets Rs12k-cr premium in 5 years
Posted on October 8th, 2010 in News
Reliance Life Insurance, a part of Anil Dhirubhai Ambani group, is targeting a new premium income of Rs 12,000 crore in 5-year, a top company official said. “We are growing 20 percent each year. We intend to earn a premium income of Rs 12,000 crore in 5-year time,” president and executive director of Reliance Life Malay Ghosh said.
How has business been in September after the regulatory changes were introduced?
Posted on October 8th, 2010 in News
Business has been a bit slow in September. But it was expected. ULIPs were withdrawn. New ULIPs were introduced. It takes about two weeks to train, explain the features and changes to the agents and distributors. For us, even pre-September, there was not much spike. We grew at a normal pace only. We did not sell our policies to people saying that unit-linked policies will not be available before September. We have introduced two ULIPs post-September. Each of them has a regular premium and a single premium option.
SBI Life Insurance launches new ULIPs
Posted on August 31st, 2010 in News
Leading the array of Unit Linked Life Insurance Plans (ULIPs) being introduced, SBI Life, the leading new generation life insurer, has launched Smart Performer and Unit Plus Super. These products are part of the new range that would address long term wealth-creation and protection needs of varied customer segments.
SEBI, IRDA working on insurance IPOs
Posted on July 6th, 2010 in News
Life insurance majors like SBI Life Insurance, HDFC Standard Life, Reliance Life and ICICI Prudential may be able to launch initial public offers in the current fiscal itself as the insurance regulator IRDA and capital market regulator SEBI, fresh out of a turf war, have resumed the process for listing these companies. The necessary guidelines are under preparation.
Future Generali to launch health plus term life insurance plan
Posted on June 29th, 2010 in News
Following Insurance Regulatory Development Authority’s move to allow insurance companies to offer “Health plus Life” products, Future Generali India Life Insurance, the insurance joint venture between Future Group and Generali of Italy, is planning to launch a combo plan in the next two months.
Canara HSBC Oriental Bank of Commerce Life Insurance Plans Expansion
Posted on June 3rd, 2010 in News
HSBC InvestDirect currently has a strong network of 77 branches which will help Canara HSBC Oriental Bank of Commerce Life Insurance Company reach out to more than 1.3 lakh customers with need-based life insurance solutions. This is in addition to the existing customer base of 48 million of the three distribution partners – Canara Bank, HSBC and Oriental Bank of Commerce and 4.6 million customers of two Regional Rural Banks (RRBs) – Pragathi Gramin Bank and Shreyas Gramin Bank.
Max India – Poor performance continues
Posted on June 3rd, 2010 in News
Max India posted net loss of Rs 2.37 crore for the quarter ended March 2010 compared to 6.76 crore in the corresponding pervious period. Max New York Life Insurance, Max Healthcare
MetLife India Insurance
Posted on December 23rd, 2009 in Life Insurance
MetLife India Insurance Company Limited is a joint venture between MetLife International Holdings, Inc., The Jammu and Kashmir Bank, M. Pallonji and Co. Private Limited and other private investors.
HDFC Standard Life Insurance
Posted on December 21st, 2009 in Life Insurance
HDFC Standard Life Insurance offers Health Insurance, Medical Insurance, Pension Plan, Unit Linked Endowment Plan etc