Life insurance premium collection down 20%. The pension saga continues to take toll on the life insurance industry, particularly for the private players, as the number of policies issued by them is down by nearly 35 per cent, in the current financial year http://www.business-standard.com/india/news/pvt-life-insurers-policy-issuance-dips-35-since-april-/456647/
In a radical move, the Insurance Regulatory and Development Authority (Irda) proposed to open up a bancassurance distribution channel, where banks would be allowed to tie-up with one set of insurance companies (life, non-life and standalone health insurance company), in one state. This indicates, in a particular state, a bank would be allowed to sell […]
The Insurance Regulatory and Development Authority’s (IRDA) stringent guidelines for comparison websites are seen as a deathblow for likes of PolicyBazaar.com, Myinsuranceclub.com and ApnaPaisa.com. Clamping down on advertising, ratings, endorsements or bestselling insurance products will surely help customers to get unbiased information for making a good buying decision. The main points, which will help customers, […]
Residential property prices have dropped across most cities, with an exception of Delhi, Mumbai, Chennai and Pune, mirroring the trend that consumers are perhaps putting off planned house purchases due to rising interest rates and fall in disposable incomes. The movement in prices of residential properties has shown a decreasing trend in nine cities covered […]
It is believed that retail investors sell stocks in a falling market and buy them when prices peak. However, lately, they have done the opposite; probably having learnt lessons from the bull market of 2009-10. Data from the stock exchanges show that retail investors have been buyers in the market every time the Sensex declined, […]
State-run lender Bank of India has decided to advance its proposed re-entry into the mutual fund business by a few months to December. “We are working on it (mutual fund business)… by December, I suppose we should have something in place,” Bank of India (BoI) CMD Alok Misra told PTI. http://economictimes.indiatimes.com/personal-finance/mutual-funds/mf-news/bank-of-india-likely-to-re-launch-mutual-fund-business-by-december/articleshow/10804750.cms .
Leading bourse BSE today began the consultation process for launch of a carbon index, a move that will help investors mitigate their exposure to financial risks associated with the climate change. The exchange today released a concept note on its ‘Carbon Indexing Project’, marking the first-ever attempt to create a Carbon Index in an emerging […]
Mutual fund investors will now get a monthly consolidated statement of all of their transactions in different fund houses, Association of Mutual Funds in India (AMFI) said today. The mutual fund industry has decided to issue Consolidated Accounts Statement (CAS) on monthly basis for transaction starting October, AMFI said in a statement. “This is an […]
Slump after 5 quarters amid high prices, rupee depreciation. India, the world’s largest importer of gold, saw a sharp decline in demand for the first time in five quarters in July-September. The demand fell 23 per cent year-on-year from 263.9 tonnes to 203.3 tonnes. This was in variance with the global demand, which went up […]
In yet another customer-friendly move, the Reserve Bank of India has said signatures of both depositors are not needed for repayment of fixed or term deposits on maturity if such accounts are opened with instructions “either or survivor”. In a recent notification, the RBI said that some banks insist on the signatures of both the […]
