Life Insurance Corporation of India (LIC) saved government’s divestment programme from disaster by investing up to 11,000 crore in public sector companies last year. According to the finance ministry statistics, LIC accounts about 43 percent of the Rs 25,000 crore raised by the government from four share issues.
Author: Tarun Bansal Savingwala
Now, small investors can invest Rs 2 lakh in issues
Cos must seek public comments on DRHP MERCHANT BANKERS TO SUBMIT A COMPLIANCE CERTIFICATE IN RESPECT OF NEWS REPORT IN PRINT OR ELECTRONIC MEDIA
Videocon, Liberty to form insurance JV
Mumbai-based Videocon Industries is set to enter the financial services sector by forming a non-life insurance joint venture with Liberty Mutual Group based in Boston, Massachusetts. Videocon, the flagship of the $5-billion Videocon Group,
Car Insurance – Basics you must know
If you have a car, chances are you have car insurance for it. But how much do you understand about what kind of policy you have and what policy is best for you, given the risks that you want to protect against? Here we share with you basics that you must know if you want to make smart decisions about your car insurance policy.
Reliance Life launches Classic Ulip plan
Anil Ambani Group company Reliance Life Insurance on Wednesday launched a unit-linked insurance plan that will provide policyholders the benefits of regular savings with enhanced protection and market-linked returns.
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Royal Sundaram logs 23% premium growth
Royal Sundaram Alliance Insurance Company Ltd has underwritten Rs 537.68 cr of premium income during the six months period ended September 30, 2010, recording a growth of 23% over the corresponding period Gross Written Premium (GWP) of Rs 438.30 cr in the previous year. The company has also recorded a profit before tax (after pool loss) of Rs 16.75 crore while PAT stood at Rs 10.62 crore.
Personal hearing in the matter of Reliance Life Insurance : IRDA
A personal hearing was given to M/s Reliance Life Insurance Company on July 28, 2010. Sri Malay Ghosh, President and his team were present. On behalf of IRDA, Sri G. Prabhakara, Member (Life), Sri A Giridhar, ED (Admn), Sri Kunnel Prem, CSO (Life) and Sri Satish Hegde, OSD were present.
Unit Link insurance sales slow due to new IRDA norms
It’s been over two months since the new IRDA norms for unit linked insurance plans (ULIPs) came into effect. The guidelines that have capped the overall charges and also imposed a minimum prescribed return may offer a much fairer deal to investors, but don’t seem to have set the cash registers ring for companies.
Whose health policy suits you better, life insurance cos or general insurers
The debate on whether health insurance is safer in the hands of life companies or general insurers has been on since quite some time in India. Today, a host of non-life and life companies, including public sector behemoth Life Insurance Corporation (LIC) offer health cover to individuals. While the non-life companies continue to dominate the health space, this does not mean that they have had a smooth sailing all along, having been beset with loss-making health portfolios.