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.
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.
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 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
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.
Through proper planning it is possible to save a great deal of tax on real estate investments – both on income and on capital gains.
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.