The Insurance Regulatory and Development Authority (IRDA) has said that as many as 4,261 corporate agents, out of the total 7,000 in the country, are not authorised to sell policies from March 31, this year.
Author: Tarun Bansal Savingwala
Health Insurance Gets a Boost From Government
India is experiencing vibrant growth in health insurance, buoyed by government initiatives on large-scale insurance programs and favourable regulatory moves to drive private insurers’ expansion with new products and market development.
Canara HSBC Oriental Bank of Commerce Life Insurance Plans Expansion
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.
RBI launches online system to track applications
The Reserve Bank on Thursday launched an online system to track applications to help the public. “Applications made to the various departments of the Reserve Bank of India (RBI) can now be tracked online through the application tracking system (ATS).…
Max India – Poor performance continues
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
LIC to seek IRDA nod for two new Ulip schemes
Life Insurance Corporation of India (LIC of India) is likely to submit new unit-linked insurance plans ULIPs with the IRDA in light of its two plans coming to a close.
Tax advantages of investment in real estate
Through proper planning it is possible to save a great deal of tax on real estate investments – both on income and on capital gains.
Retire and Enjoy
The objective of Retire and Enjoy is to provide financial security to the family of policy holder during your productive span and a happy independent retired lifestyle for the policy holder and his/her spouse when they decide to retire.
Savings Schemes of Post Offices
Small Savings Schemes constitute a risk free investment as they carry an implict sovereign guarantee. The Schemes are designed keeping in view the needs of different segments of investors. The schemes enjoy a number of incentives like zero risk, regular income tax concession, easy accessibility, liquidity etc. All Post Office Savings Schemes are available for both rural as well as urban people.
New Wealth Plus Plan
Wealth Plus from LIC is a Single Premium Insurance policy unit linked plan having a term of 8 years and with a Payment term of 3 years or Single premium.
Wealth Plus guarantees to pay you the highest NAV reached in the first 7 years of its term or the 8 th year NAV which ever is higher.