IRDA is considering a proposal to allow new employees enter into existing group pension schemes, which are generally offered by companies as an additional retirement benefit to top managers. IRDA had, some time back, barred the entry of new employees into…
Author: Tarun Bansal Savingwala
IRDA Warns SBI Life
Copy of Warning
Relaunch of 400+ life insruance schemes
From 1st Jan the life insurance industry will see a huge change in the business . After IRDA’s latest guidelines more than 400 life insurance plans currently marketed by life insurance companies in the market will be withdrawn and new…
Tax Saving FD
Saving Income Tax with Tax saving FDs
New norms to make health cover claims much easier
Now a days IRDA is working hard to make the life simpler for a policyholder, in past it has allowed portability in the health insurance, which gives the new wings to policyholders stuck with the insurance provider not listening to…
ING Guaranteed Income Insurance Plan
Ing Life Insurance recently introduced a new plan that offers guaranteed regular income. In this plan an investor has to pay premiums for few years and get guaranteed benefits like regular income at an attractive rate of 11% – 13%…
Insurance Repository System
Insurance Repository system for individual policy holders is a pioneering initiative of India’s Insurance Regulatory and Development Authority (IRDA), the first of its kind in the world, as part of its efforts to improve services to policy holders and Insurance…
Bhagya Uday – LIC of India Package
Bhagya Uday is a combination of life insurance policies from India’s largest life insurance company – LIC of India. Bhagya Uday is a concept where you buy a package of LIC policies that have different features to suit your need.…
Indian Post office Applied for Bank
The Department of Posts (Indian Post office) submitted application before the RBI for a license to offer full-fledged banking services. ‘We have approached RBI today and hopefully having met all the conditions of RBI, an in-principle approval might be given.…
Sensex falls below 19,000 level as Re hits record low
The S&P BSE Sensex fell below the 19,000 level due to all-round selling pressure as the rupee hit record low against the dollar coupled with weak global cues. The Sensex resumed lower at 19,069.20 and dropped further to a low…