As stock markets boom again insurance companies are pitching hard to sell ULIPs. 5 important points to consider before buying them.
The labour ministry has made public a list of 60 officers -- essentially labour commissioners in 20 regions across the country -- along with their e-mail address and contact numbers. They will deal with distress calls from workers who are working under the 'central sphere'.
Equity-linked savings scheme, PPF and Sukanya Samriddhi Yojana are recommended instruments.
Pharma, insurance and consumer goods companies try to tap the business opportunity
Biden's proposal also sets aside USD 20 billion for a national vaccination programme and USD 50 billion to scale up coronavirus testing.
Combination of term plans and mutual funds will provide the same benefits.
India's economy could prove to be the "most resilient" in the subregion of South and South-West Asia over the long term, according to a report by the UN, which says a positive but lower economic growth post COVID-19 pandemic and the country's large market will continue to attract investments. The report titled 'Foreign Direct Investment Trends And Outlook In Asia And The Pacific 2020/2021', and compiled by United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), stated that inward FDI flows to South and South-West Asia slightly decreased by 2 per cent in 2019, from $67 billion in 2018 to $66 billion in 2019. The growth, however, was mainly driven by India, which accounted for 77 per cent of the total inflows to the subregion and received $51 billion in 2019, up 20 per cent from the previous year.
The 12-year loan will part finance the proposed expansion of RIL's petrochemical plants and setting up of new gasification unit and refinery off-gas cracker over the next 2-3 years.
Amritsar-born entrepreneur John Nath Kapoor was arrested by the FBI for bribing doctors to over-prescribe a powerful opioid to patients.
The banking regulator is seeking an early exit mechanism for private banks under Prompt Corrective Action.
These products do not suit everyone even though they are flexible and facilitate investments in debt and equities.
Around 81 per cent of the workers constitute the unorganised sector - devoid of any social security cover and outside the purview of a complex set of labour laws.
Tax planning will help you pay less income tax. Something everyone wants. But smart tax planning will help you boost your portfolio.
Unit linked insurance plans, though, a best selling product may not be actually best suited for you, says financial expert Amar Pandit.
Trump was in contact with multiple lawmakers who have since gone into self-imposed quarantine.
The growth in the first year premium (FYP), particularly in unit-linked insurance policies (ULIPs), of life insurance players, has been largely unaffected by the unprecedented stock market volatility in the last quarter. Sources at the Life Insurance Corporation indicated that the market conditions have not impacted the sale of ULIP products and the business growth was absolutely in sync with expectations. SBI Life registered a growth of around 90-95% in the quarter ended Mar
The move is likely to help 4.59 lakh housing units across the country.
The insurance scheme of the United India Insurance was launched for the first time in the country at Sankarapuram panchayat in Sivaganga district on Sunday. Under the scheme, an individual would be charged Rs 300 a year as premium and Rs 545 for a family not exceeding five members, and Rs 600 for a family not exceeding seven members.
According to Section 80D, the premium paid for medical insurance is deductible from your income up to Rs 15,000 a year
If your children live abroad, rely more on financial assets as they are easier to liquidate and move across borders.
The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender. For the next month, Yes Bank will led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.
"There will be a spectrum of guarantees. For instance, there could be a guarantee on premiums paid or sum insured or rate of return or annuity," said an Irda official.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Standard Chartered Bank is setting up an international banking unit primarily to look after Indian company requirements. The bank is looking for a $2-billion loan book in the first five years of business.
Pawan Hans, Dredging Corp on list to meet target of Rs 800 bn for 2018-19
Endowment policies give better returns than most fixed income products in the long run.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The United States-based insurance major Metropolitan Life Insurance Company on Friday said it aimed to make India its second largest market for insurance products after the United States by 2010.
The new service tax of 14% will jack up costs of shopping, travel, insurance premiums and property purchases
Shares of hospital operators, health services providers and insurers rallied broadly
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.
Regulators are expected to work within their domain, says Pranab Mukherjee.
There is churning at the top in IDBI Bank's two group entities.
The present norms do not specify the death cover according to the tenure of Ulip. According to existing norms, the minimum sum assured for a single premium should be 125 per cent of the single premium, while it should be five times the annualised premium for a regular premium irrespective of the tenure chosen. With the opening of the insurance sector, Ulips have emerged as popular investment products contributing more than 70 per cent of the new business premium income.
Golden girl Kangana Ranaut.
