'If through growth and serving the customer we become number one, we will be very happy and very proud.'
In order for life insurance customers to attain maximum benefits, it is crucial for the persistency ratio to be far higher than its current level, top executives of the industry said at the Business Standard BFSI Insight Summit on Thursday. The persistency ratio is a metric that measures the number of policyholders who continue paying renewal premium and is gauged at varying stages in the life of a policy. A higher persistency ratio is seen as an indicator of an insurance product that caters satisfactorily to the needs of a customer.
Alarmed and amazed by the 'mind-boggling' figure of over 42,000 flag poles existing across the state, the Kerala high court on Monday told the Left government that action under every applicable law must be taken against the perpetrators, irrespective of political affiliations.
Sandeep Bakhshi named chief operating officer, who would be handling all the businesses.
These products are extremely transparent and are the lowest charged products in the insurance space. The policyholder has to only pay the fund management charge. Hence, from the cost side, ULIPs are very competitive.
Of the total, the financial creditors - banks, bond holders and other financial institutions - have claimed Rs 86,892 crore.
Life insurance companies have yet to see the entry of the younger generation in a big way. This was highlighted by N S Kannan, executive director, ICICI Prudential Life Insurance, while launching an insurance product for cancer.
Sun TV's stock ended the day with a loss of 4.84 per cent at Rs 392.10 on the BSE. During the day, it lost 9.54 per cent to Rs 372.70.
Maran was called on Monday but he skipped the scheduled meeting.
A summary of sports events and sports persons, who made news on Thursday.
According to ED sources Sunil Mehta said the fraud took place due to "systemic failure" and "procedural lapses", owing to lack of interface or proper links between the core banking software and the SWIFT interbank messaging system.
'The government should refrain from 'adventurism' and 'megalomania'.' 'But this should be true of reckless government action against every Indian, whether or not they are wealthy or have access to the finance minister even when he is in hospital,' says Aakar Patel.
It was an emotional homecoming for the people who hugged their loved ones amid tears as they emerged from Nedumbassery airport at 10.30 am.
In 2014, gold prices had fluctuated between Rs 27,000 and 30,000/10g.
She was the managing director and the CEO of PNB since August 14, 2015 before being appointed in Allahabad Bank on May 6, 2017.
The introduction of more technology platforms has also helped.
A day after Central Bureau of Investigation arrested his close aide and 2 others in illegal telephone exchange case, former Telecom Minister Dayanidhi Maran on Thursday charged the agency with trying "to fix" him to please an Rashtriya Swayamsevak Sangh leader from Tamil Nadu.
Latest figures for HDFC Bank aren't available.
In addition, he will have to move swiftly to control any damage that may have been caused to the bank's image and investor confidence due to the loan controversy
Gold prices fell to a 5-year low of less than $1,100/ounce.
They are sure not to like this particular one, observes N Sathiya Moorthy
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