Buyers of unit-linked insurance plans may soon find it easier to compare features and charges of these products across companies, with life insurers deciding to standardise the product.
Avoid investing in a new ELSS scheme each year. Stick to one well-chosen scheme to avoid clutter in your portfolio.
Amitabh Chaudhry, who will now head the merged entity, will manage assets under management of about Rs 1.10 lakh crore and an employee base of 23,620 after the completion of the deal
The government on Monday said that the two regulators, the Securities and Exchange Board of India and the Insurance Regulatory and Development Authority, have agreed to maintain the status quo that existed before market regulator's ban on 14 life insurers from raising funds for unit-linked schemes.
The Insurance Regulatory and Development Authority has clarified that only the premium collected for providing health cover in the case of unit-linked health insurance policies will be eligible for tax benefits.
Sebi is locked in a turf battle with insurance regulator IRDA over who has jurisdiction over ULIPs.
Tata AIG India Life Insurance has tied up with Fanklin Templeton Investments to introduce a new plan InvestAssure, a unit linked insurance plan to provide security cover with the opportunity to get high returns on insurance premium.
Endowment plans are life insurance plans, which not only cover the individual's life in case of an eventuality but also offer a maturity value at the end of the term
However, three of the policy's four funds have been performing below the benchmarks, for the last two years.
Max New York Life's recently launched Ulip gives you the all-equity option
Surrendering a ULIP after having paid the premiums for the first three years may be an unwise option.
If you are the proud owner of a ULIP - go back and check the premium you pay and find out the minimum premium that is payable for your policy.
Consumer activist Jehangir B Gai explains an important new ruling by the National Commission.
Though some schemes have outperformed the Sensex, higher costs ensure that the numbers do not work out in your favour.
What makes unit linked insurance plans attractive to investors? Here are 4 reasons that make ULIPs irresistible.
The three year lock-in period enables ELSS fund managers to invest in high conviction stocks for a long period of time because of relatively less redemption pressure, says Dwaipayan Bose
2006 has been the year of the winners. Almost all asset classes have performed well. CNBC Awaaz spoke to a mix of experts to understand what kept the market moving.
In absolute terms, the outstanding book value of NPAs of LIC in the debt portfolio across life, pension and unit-linked funds is to the tune of Rs 32,685.39 crore at the end of December 2019.
The Insurance Regulatory & Development Authority (Irda) is planning to cap the charges on universal life policies, or ULPs. These have almost replaced unit-linked insurance plans (Ulips) in terms of new business. Ulips, which used to account for around 80 per cent of the segment, lost their sheen after the regulator brought in stringent norms from September 1.
The policies that have lapsed for more than two years and were not allowed to be revived earlier can also be revived now, LIC said in a statement.
On scrutiny, Shield Plus has no special advantage over a fixed deposit.
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.
Add a term plan with a child mutual fund for best results.
Planning to buy a child insurance plan? Know these myths to make an informed decision, says Yashish Dahiya
There is no reason for a child with no dependents to have insurance because insurance is put in place to provide for the child in the event of a parent's untimely death and not the other way around, says Amar Pandit.
Workplaces of 2025 will be defined by a deep focus on people-first values, inclusivity, and sustainable growth, foresees Sonica Aron, founder of Marching Sheep.
The bulk of an investor's portfolio should be in shorter-duration funds of up to one year portfolio duration.
You can ask for written communication from your HR manager seeking an explanation about your resignation. Please mark the copies to your senior authorities as well as top executives especially if you feel you are being harassed, suggests rediffGURU Pradeep Pramanik.
Taking a cue from Zomato's stellar initial public offering (IPO), through which it garnered a valuation of Rs 1 trillion, the government has asked its advisors and valuers to ascertain if the Life Insurance Corporation of India (LIC) should be valued at Rs 10 trillion or more. The government is looking to offload about 10 per cent stake in LIC through the IPO. At that valuation, the government stands to net at least Rs 1 trillion from LIC's proposed IPO, which will boost the Centre's efforts to meet its disinvestment target of Rs 1.75 trillion for the current financial year.
To curb mis-selling of policies and rationalise commissions, radical changes have been proposed to help investors.
'It is advisable to invest in them early in life and stay invested for a longer period to achieve long-term goals and accumulate wealth.'
The right investment at the right age will help you enjoy a secured post retirement life.
Advisors and agents known to you personally can also sell wrong policies.
Regulator plans minimum death benefit at five times the annual premium.
'Non-par plans returns are not market-linked. Hence, they can offer guaranteed returns.'
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