Faced with a rising number of customer complaints on excessive charges, the Reserve Bank of India has asked the Indian Banks' Association to come up with guidelines on what the reasonable charges should be.
In order to push more long-term products, insurers are trying to push long-term unit-liked plans by giving incentives to agents who sell Ulips with higher tenure.
Tata AIG General Insurance, which is the market leader in personal accident covers, eyes 200 per cent growth in income from this segment. It has tied up with a number of education consultants for its Prudent Guard policy for students. Insurers sell two types of personal accident cover to schools -- one for students and another for parents. Some insurers also sell hybrid product covering both.
For start-ups, the model can save 30-40 per cent of the total costs.
Tighter norms, better economy reduce credit card non-performing assets.
Apollo DKV's Maxima and ICICI Lombard's Health Advantage Plus come at a fixed annual premium of Rs 13,000 and Rs 15,000, respectively. Unlike other medical insurance policies -- which require a minimum 24-hour hospitalisation -- the sum assured is linked to the age of the policyholder.
The exit of the big movers has meant more opportunities for local players such as Nambiar Finance, which is just one of the 1,465 non-deposit-taking NBFCs registered with the Mumbai office of the Reserve Bank of India.
With the public sector non-life insurers rationally pricing risks, discounts on property insurance has come down by 20-25 per cent.
The claim comes against the cancellation of the match due to heavy rains.
In its annual report, the central bank had said that it would lay down a risk management and capital adequacy framework for bank-sponsored private pools of capital.
Irda nod to policies with flexible premium, sum assured and tenure.
Customers will be offered five free third-party withdrawals per month.
A list of things you should watch out for in your credit card document
With the demand for credit expected to shoot up, private banks are bolstering core capital. Seven of them are in the process of raising a cumulative Rs 10,500 crore in equity to fund expansion, which, in some cases like Axis Bank's, includes entry into mutual fund, private equity and wealth management businesses.
Wachovia's global operations were taken over by Wells Fargo last year and the two banks are in the process of integrating their operations.
Vijay is the name of the character that Amitabh Bachhan has played in many of his movies. In most cases, Vijay belonged to the underprivileged class. It's a curious coincidence that the megastar has just become brand ambassador for an insurance product called Max Vijay, a product targeting the poor.
Insurance industry sources said one of the largest telecom service providers paid Rs 20 crore to insure its employees in 2009-10 against Rs 9 crore last year.
However, policyholders will have to stay invested for the entire period of the scheme to get these benefits.
The DBS venture has been under financial stress of late.
The only thing that's clear is the October 15 deadline for the end of free third-party ATM use.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances