CNBC-TV18's Yash Jain caught up with MD & CEO of Birla Sun Life Insurance Pankaj Razdan to understand how the listing of Aditya Birla Capital will be important for the life insurance vertical.
Changes made to Ulips with regard to charges, sale strategy and transparency have made Ulips much easier to understand and buy.
The report said that as of today, only 50 percent of women in the urban internet population in India have life insurance coverage as compared to 72 percent of men who have purchased life insurance solutions.
The regulator imposed a penalty of Rs 5 lakh only for violation Corporate Agents guidelines by arranging foreign trips and distribution of gift cards to the employees of corporate agents and brokers.
Sashi Krishnan, Chief Information Officer, Birla Sun Life Insurance is postive on the market in the long-term as he sees a lot of overseas flows continue into India. But there could be a positive effect if the US Federal Reserve raises rates faster than expectations.
Birla Sun Life Insurance (BSLI), the life insurance arm of Aditya Birla Financial Services Group, is looking at 13-14 percent growth in individual premium income during the current fiscal
However, Birla Sun Life Insurance is not buying aggressively into the IT sector as global growth still remains a matter of concern, says CIO, Sashi Krishnan.
Diversified firm Aditya Birla Nuvo has said it has completed an additional 23 percent stake sale in its life insurance firm Birla Sun Life Insurance Company to its Canadian joint venture partner (JV) Sun Life Financial for Rs 1,664 crore.
The weakness seen in the markets today implies some money being taken off the table by traders who were anticipating a relief rally and who now want to cash out, says Birla Sun Life Insurance CIO Sashi Krishnan.
Ahead of its IPO, which opens on Monday, software provider Quick Heal Technologies has raised Rs 133.9 crore through issue of shares to 10 anchor investors, including BNP Paribas Advantage and Reliance MF.
Despite the ongoing market sell-off, domestic institutional investors are not seeing redemption pressures even as inflows have slowed down, says Sashi Krishnan, CIO of Birla Sun Life Insurance.
According to Sashi Krishnan, CIO, Birla Sun Life Insurance, there are signs of pick up in investment cycle, which would bring in the DIIs and FIIS that have been waiting on the sidelines.
According to the detailed Frequently Asked Questions (FAQs) about the deal, ABNL's endeavour is to create long term value for all the stakeholders by investing in the promising sectors.
Sashi Krishnan, CIO at Birla Sun Life Insurance is of the view that one may prefer PSU banking stocks for long term.
In an interview to CNBC-TV18, Sashi Krishnan, CIO, Birla Sun Life Insurance, says investors are parking money in diversified funds that have a higher concentration of largecap stocks.
Sashi Krishnan of Birla Sun Life Insurance says there are a couple of triggers that can take the Indian market higher. It will be a sentiment positive for the market if Bills stuck in Rajya Sabha are passed; second, market is expecting another 50 bps rate cut from RBI and also liquidity in the system needs to turn positive with lower rates.
Sashi Krishnan, CIO, Birla Sun Life Insurance, says banking, financial services and insurance (BFSI) looks like a good sector to be invested in right now.
This week on Noticeboard, Storyboard showcases the new television commercial (TVC) from Birla Sun Life Insurance. The brand that made headlines with its Yuvraj Singh starrer campaign has a new brand positioning that it hopes will connect better with the common man. Here's an exclusive preview of that.
Sashi Krishnan, CIO at Birla Sun Life Insurance is positive on export driven IT companies.
Sashi Krishnan is overweight on banking and financial sector. Among other sectors, he is bullish on pharmaceuticals and IT
Auto stocks were leaders of the day with the BSE Auto Index gaining more than 2 percent. Tata Motors and Mahindra and Mahindra topped the buying list as well as ended at record closing high of Rs 518.75 and Rs 1374.55, up 3 percent and 3.7 percent, respectively.
Speaking to CNBC-TV18, Sashi Krishnan, CIO, Birla Sun Life Insurance says stability in the macro system is a big relief, although inflation remains a bit of a worry. With market climbing new highs, and stable macro situation, one must stay invested in this market
Having believed that uncertainty could cause some short-term volatility in equity markets, Sashi Krishnan says that though the underlying negative at this point of time is politics, as investors who are bothered about staying invested for the long-term in Indian markets, we should not take too much cognizance of all this noise that is happening.
Many of us engage in an economic activity to make a living. And with competition around we often work hard and try to give the best within our means to our family in times where inflation monster haunts us.