The recent controversy surrounding pension plans has taken another turn, with the Insurance Regulatory and Development Authority (Irda) rejecting all pension products filed under the new guidelines issued in November http://www.business-standard.com/india/news/insurance-regulator-rejects-new-pension-product-filings/462249/ .
Soon, you would be able to buy a health insurance plan from a neighbourhood pharmacy, or be advised on such a plan by your general physician. Cigna TTK Health, the most recent entrant in the Indian health insurance space, plans to set up an innovative distribution network through which simple health insurance products would be […]
The government may make it mandatory for all taxpayers to provide details of their overseas assets, including bank accounts, while filing their annual tax returns, as the drive against tax evasion gains momentum. The proposed Direct Tax Code, or DTC, has a provision that seeks to cast an obligation on taxpayers to furnish full details […]
In a last-ditch effort to match last year’s investment figures, Life Insurance Corporation of India (LIC), the largest domestic institutional investor in the country, is looking to invest Rs 80,000 crore in debt and equities during the Jan-March period of this financial year. Of this Rs 15,000-20,000 crore would be invested in equities, with the […]
Anticipating December to be worse than November, fund managers had been fearing higher redemptions. However, proving them wrong, investors chose to stay at a time when benchmark indices have lost four per cent of their values. With net inflows of Rs 360 crore, pure equity schemes gained, surprising fund managers. Interestingly, some of the executives […]
The title could also have read ‘Why the Rafi vs Kishore debate is futile’. I was at a party recently where the host played Hindi film songs from the 60s and 70s. Expectedly, songs sung by the legendary Mohammed Rafi and Kishore Kumar dominated the proceedings. Before you knew it, the guests were divided into […]
Trading volume on derivatives of US benchmark indices, introduced in India about four months ago, has seen a sharp rise in the past few weeks, even as a slump in domestic markets has led to a drop in trading in local stocks. http://www.livemint.com/2012/01/16004939/Trading-volume-of-derivatives.html?h=A1 .
To eliminate non-serious players, the insurance regulator IRDA has asked all existing agent training institutes (ATIs) to get themselves registered either as a company or trust by June http://economictimes.indiatimes.com/personal-finance/insurance/irda-asks-agent-training-institutes-to-register-as-companies/articleshow/11498629.cms .
Life Insurance Corporation (LIC) will sell its policy through the Internet for the first time with the launch of a pure term plan next month. http://www.thehindubusinessline.com/industry-and-economy/banking/article2796191.ece .
Regulator as well as insurers keen on such policies, but pricing may be a trouble. The Insurance Regulatory and Development Authority (Irda) is looking to do away with the age limit for purchasing insurance policies. Even as the proposal is still at a nascent stage, the regulator is in the process of clearing products targeted […]
