The bank is also in the process of divesting 26 per cent stake in the fully-owned NBFC arm, Fedfina, to a strategic investor to raise capital for the subsidiary.
Every year your wife’s Karwa Chauth fast forms an imaginary protective cover around you; however, you can make it a reality by opting for a life insurance and renewing it every year.
This reduction was despite the fact that key market indices went up remarkably during the year with the BSE Sensex alone rising to 29,620 on March 31 this year from 25,342 a year ago.
Insurance is the small price one pays for his peace of mind. With right insurance in place, even a â€˜small guy‘ can take risks and achieve financial freedom.
No matter how good you are with your investment management, your plan to financial freedom will be incomplete if there is no insurance in place.
ULIP is a combination of investment and insurance.
SIPing before TIPing – why is this one of the biggest mistakes an investor can make.
If you are looking at a pure protection product to safeguard your financial responsibilities in your absence, you should buy term insurance plans.
What is our greatest asset? Not our house, new car or investments - our ability to earn an income is the greatest asset.
A term insurance plan provides you monetary protection in case of premature death within the insurance term.
Insurance companies, both life and general, could soon have a holistic database that can be used to track fraudsters and reduce the turnaround time in policy issuance and claims.
Always keep the policy document in a prominent place and tell your family about the policy.
If the insurer fails to resolve the grievance within the stipulated time, a policyholder can approach the Insurance Regulatory and Development Authority of India (IRDAI) within a year.
Specialized health insurance plans for Heart & Cancer illnesses are the future. Specialized health insurance now @ Rs. 100 p.m.
While RERA occupied the mind space for most of the week, the markets too have been volatile enough to attract attention of investors.
"There are layers of process (in resolution). What the ordinance is doing is that it is cutting that layer off then having to go back to the board. It is forcing a decision mechanism because it is saying that if 60 per cent agree, rest have to fall in line," she told reporters here.
Term insurance cover is affordable, convenient and easy way to ensure that your family’s finances are taken care of long after you are gone.
In indemnity based insurance plans, an individual can visit their choice of healthcare provider to avail treatment. The insurer pays a fixed sum as a lump sum amount for this, which is also referred to as reimbursement.
Insurance companies had collected Rs 1,38,657.31 crore in 2015-16, according to data from the Insurance Regulatory and Development Authority of India (Irdai).
According to data from the Life Insurance Council, life insurers collected Rs 1.75 lakh crore as new premium in FY17. Of this, LIC contributed Rs 1.24 lakh crore.
As per the IRDAI guidelines, life insurers can sell pure term insurance products, immediate annuity products and non-linked non-participating endowment products through the point of sale persons.
The insurance industry will now have access to a panel of 13 actuaries who will be assisting them in a range of services. The panel has been put together by IRDAI from a list of candidates who had applied for the post.
She has equal rights in the family and she is an equal partner in raising your children. We know your biggest worry is what happens to her and your family if you are not around.