A month after getting the Securities and Exchange Board of India's nod to launch an asset management company, Dutch financial services major Aegon and Religare Enterprises have decided to part ways.
This will be the first such deal since the global financial crisis caused the Indian stock markets to crash a record 23 per cent in October.
Visa and 20 insurance companies in India have joined forces to make paying life and general insurance premiums "faster and easier" through a range of new payment options for Visa cardholders
Yashish Dahiya, CEO and co-founder Policybazaar.com, tells readers what steps they can take if an insurance agent cheats them.
Religare, a Ranbaxy group company providing financial services, has joined hands with Dutch insurer Aegon to set up life insurance and asset management venture in the country.
We are hoping to have an exposure of over $300 million over the next two years. We would also evaluate opportunities to invest in other asset classes including equity and structured products.
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.
The minimum entry age for both plan is 18 years.
Combination of term plans and mutual funds will provide the same benefits.
At least 150 of the 205 employees at Lotus India Mutual Fund may lose their jobs.
It will bring in more transparency and reduce mis-selling
It is important to preserve copies of benefit illustration and product features.
Its not so tough to improve insurance coverage at nominal cost.
