Unfazed by competition from private players, state-owned Life Insurance Corporation of India on Tuesday said it has attained yet another landmark by bringing in 2.05 crore (20.5 million) lives under insurance cover till March 15.
Jimmy Patel, MD & CEO, Quantum Mutual Fund, suggests some valuable financial gifts for your children.
These stocks offer the best combination of maximum 'buy' recommendations from brokerages and share price upside over the next 12 months.
The pandemic should force you to take a hard look at the downside risks that could jeopardise your finances.
The applicant must have an operational savings bank account.
All payments made via debit and credit cards, net banking and mobile wallets will be entitled to discounts.
Nikhil and Arpita explain their monthly spending pattern.
If you are covered under group insurance policy, you should take another cover, in addition to the base employee cover. Additional cover is useful in 2-3 conditions.
Do you know the most common exclusions in a mediclaim plan? Or, why your base premium keeps increasing over a period of time?
The amount of money lying unclaimed with the Life Insurance Corporation of India dwarfs the budgets of many ministries. There was Rs 21,539.5 crore which lay unclaimed with India's largest insurance company, according to details in the initial public offer (IPO) document it filed over the weekend. The regulatory documentation is ahead of LIC selling shares to the public through the stock exchange for the first time this financial year. This will be India's largest ever public listing.
Individuals, proposing to take a personal accident cover, should also note that this policy is an annual renewable policy. And at every renewal supporting income documents need to be submitted to justify the cover taken.
'Like all long-term bull markets, the Indian stock market will continue to climb the proverbial wall of worry.'
'If you are a smoker, you should not provide misleading information to the insurer about your smoking habit in the insurance proposal form,' advises Pankaj Razdan.
There is churning at the top in IDBI Bank's two group entities.
Amendment to the Act, sovereign guarantees, investment portfolio, realty holdings, and governance issues to shape valuation.
You tax-saving investments should not only depend on good returns but also take into consideration the various stages in your life to optimise your investments.
Aviva Life Insurance has hiked its capital by Rs 77 crore (Rs 770 million) to Rs 320 crore (Rs 3.2 billion) to sustain its business growth in the next fiscal.
10 stocks which are most popular with brokerages right now and are expected to deliver maximum upside over the next 12 months.
Life Insurance Corporation earned Rs 5,800 crore (Rs 58 billion) net profit during 2005-06 while its first premium income during the period grew by a record 48 per cent to Rs 18,085 crore (Rs 180.85 billion).\n
Life Insurance Corporation of India will further strengthen its financial position and is all set to rebound with a 20 per cent growth in premium income to over Rs 11,600 crore this fiscal, LIC chairman S B Mathur said.
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
Third party claims are adjudicated by the constituted tribunals.
Life Insurance Corporation on Wednesday said its Varishtha Pension Bima scheme will continue next year also, but the interest rate and other terms and conditions will be decided by the government.
FM proposed rationalisation of various tax exemptions.
On scrutiny, Shield Plus has no special advantage over a fixed deposit.
ICICI Prudential Life Insurance has become the first private insurance company to cross Rs 10,000 crore sum assured over a premium income of Rs 680 crore within 3 years of operations and plans to hike its capital further to expand the business.
Consider factors like time, risk profile, return requirements, expenses, liquidity needs, etc. Make sure to have insurance and opt for a term plan, says Amar Pandit.
Mahavir Chopra explains the pitfalls one may face after buying a day care insurance policy
It acts as an additional health safeguard in case your basic insurance plan is not enough to take care of your medical bills
The good news is investors can make 5 to 6 switches during a year among funds depending on the insurance companies without incurring any costs.
If you are diagnosed with a critical disease, then its treatment would be very expensive and may require intensive care and hospitalisation which your comprehensive insurance plan may not cover. In such type of cases you have to pay the cost of the whole treatment.
With mutual funds becoming an increasingly popular investment avenue, it would pay to be tax-smart.
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