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Minimum monthly pension of Rs 1,000 to be a reality this month

Ahead of Lok Sabha polls, the government is likely to approve this month a proposal that will entitle formal sector workers a minimum monthly pension of Rs 1,000, immediately benefiting 27 lakh pensioners.

Tata AIA Life launches Money Maxima

Tata AIA Life Insurance Monday launched a product, Money Maxima, a long-term plan which is compliant with new IRDA guidelines.

Birla Sun Life re-launches five life insurance products

Birla Sun Life Insurance Monday re-launched five life insurance plans designed in accordance with the new product guidelines.

Reliance General Insurance hopes to post profit this fiscal

Private-sector insurer Reliance General Insurance hopes to register profit in the current financial year on the back of a diversified portfolio and reduced dependence on motor segment, a top company official has said.

Reliance MF assets surpass Rs 1 lakh crore level

Having regained the Rs 1 lakh crore level for average assets under management, leading fund house Reliance Capital Asset Management Company (RCAM) expects revival in retail investor interest in mutual funds to continue through the current fiscal and in the next year.

IRDA to bring CSCs for selling simple policies in rural areas

The Insurance Regulatory and Development Authority (IRDA) is roping in Common Service Centres as a platform for insurers to sell simple policies in rural areas.

LIC trims stake in Ranbaxy to 6%

State-owned LIC has cut its stake in Ranbaxy Laboratories to a little over 6 percent by selling more than two percent stake over the past five years.

HDFC Life to launch 21 ULIPs, traditional plans by Jan 2014

Private insurer HDFC Life on Thursday said the company is planning to launch by January 2014 about 21 products, of which 10 will be market-linked and 11 traditional plans, in compliant with new regulations issued by the IRDA.

Sundaram Mutual Fund launches new close-ended equity scheme

Sundaram Mutual Fund has launched 'Sundaram Select Micro Cap - Series I', which is a five-year close-ended equity scheme.

Canara HSBC Oriental launches Smart Monthly Income Plan

Private insurer Canara HSBC Oriental Bank of Commerce Life Insurance Tuesday launched Smart Monthly Income Plan, a traditional participating product, designed to provide life cover and guaranteed extra income.

Max Life Insurance launches two products

Private sector life insurance company Max Life Insurance has launched two new products, a company release said.

New house rent allowance exemption rule: How it will affect you

In conversation with Reema Sharma of ZeeBiz.com Tarun Gupta, Managing Director, Mangla Consulting explains the details of how to go about claiming the HRA exemption.

Axis MF launches new close-ended equity scheme

Axis Mutual Fund has launched 'Axis Small Cap Fund', a close-ended equity scheme with a 5-year lock-in period, a company release said.

ICICI Prudential launches Value Fund Series 2

Asset management company ICICI Prudential Tuesday launched ICICI Prudential Value Fund Series Fund 2, a close ended equity fund.

SBI Life Insurance to relaunch 10 plans by Jan 1

SBI Life Insurance plans to relaunch about 10 products by January 1 as part of regulatory compliance to make the policies more customer-friendly.

Reliance Life launches initiative to revive lapsed policies

Reliance Life Insurance Company said Wednesday it has launched a new initiative to revive lapsed policies for its policy-holders.

May have done enough on rate hikes: Raghuram Rajan

The central bank may have done enough on rate hikes but will need to monitor the economy, Reserve Bank of India Governor Raghuram Rajan said.

Rel Life to focus on traditional plans, agent productivity

Leading private sector insurer Reliance Life Insurance says it is focussing on traditional products and agent productivity to boost insurance penetration in the country.

LIC Nomura MF keen on acquisitions to fuel growth

LIC Nomura Mutual Fund, the MF arm of the nation's largest financial entity, may look at inorganic growth route to emerge as a major player in the cluttered industry that has been bleeding for years due to falling margins and flight of investors.

SBI Life launches Smart Power Insurance plan

Private insurer SBI Life Insurance launched 'Smart Power Insurance' plan, which is designed to care for investor's twin needs of insurance and investment.