Private General Insurer, Bharti AXA General Insurance, is likely to come up with a ‘unemployment insurance’ product in the current fiscal as the domestic economy witnesses a downturn, a top company official said. http://www.financialexpress.com/news/downturn-unemployment-insurance/987782/ .
Market regulator Sebi today said investors can use ‘Aadhaar’ cards as a valid address proof for their accounts with brokerage firms, mutual funds, portfolio managers and other capital market entities. http://economictimes.indiatimes.com/markets/regulation/sebi-allows-aadhaar-as-valid-address-proof-for-investors/articleshow/15477869.cms .
Fixed maturity plans (FMP) are back after a lull of almost a month. Reputed fund houses such as DSP Blackrock, HDFC, ICICI Prudential, Reliance and SBI have announced launch of FMPs. These schemes on offer are of varying maturities – from 90 days to three years http://economictimes.indiatimes.com/personal-finance/mutual-funds/mf-news/reputed-fund-houses-announce-launch-of-fixed-maturity-plans/articleshow/15476873.cms .
Holders of insurance policies with the sum assured five times the annual premium may soon become eligible for a tax rebate. The move comes amid finance minister P Chidambaram’s efforts to revive the slowing insurance sector, officials told ET. Officials at the finance ministry and insurance regulator IRDA are working jointly to explore various options, […]
Under pressure from the regulator, the Association of Investment Bankers of India (AIBI), the industry body for investment bankers (i-bankers), has issued guidelines for its members to follow while conducting due diligence of companies planning to raise money through public issues http://www.business-standard.com/india/news/investment-bankers-to-follow-uniform-due-diligence-norms-/482626/ .
The government is working on a plan that will allow state-run financial institutions to bundle insurance products with bond offerings to make them more attractive for foreign investors. Senior government officials told ET that the move was initiated following the good response to State Bank of India’s overseas bonds sale. The nation’s largest lender last […]
The government is working on a plan that will allow state-run financial institutions to bundle insurance products with bond offerings to make them more attractive for foreign investors. Senior government officials told ET that the move was initiated following the good response to State Bank of India’s overseas bonds sale. The nation’s largest lender last […]
The National Stock Exchange of India (NSE) has become the world’s largest bourse in terms of the number of trades in equity segment for the first six months of 2012 http://economictimes.indiatimes.com/markets/stocks/market-news/nse-becomes-worlds-top-bourse-in-number-of-equity-trades/articleshow/15360773.cms .
To promote penetration of insurance in the country, IRDA today proposed to rope in kirana shopowners, chemists shops and petrol pump operators to sell micro insurance products. Micro insurance products are schemes with low ticket size and targeted towards rural and urban poor http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/irda-wants-kirana-shops-chemists-to-sell-micro-insurance/articleshow/15168864.cms .
To promote penetration of insurance in the country, IRDA today proposed to rope in kirana shopowners, chemists shops and petrol pump operators to sell micro insurance products. Micro insurance products are schemes with low ticket size and targeted towards rural and urban poor http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/irda-wants-kirana-shops-chemists-to-sell-micro-insurance/articleshow/15168864.cms .
