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 Insurance Monday launched a product, Money Maxima, a long-term plan which is compliant with new IRDA guidelines.
Birla Sun Life Insurance Monday re-launched five life insurance plans designed in accordance with the new product guidelines.
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.
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.
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.
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.
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 has launched 'Sundaram Select Micro Cap - Series I', which is a five-year close-ended equity scheme.
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.
Private sector life insurance company Max Life Insurance has launched two new products, a company release said.
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 Mutual Fund has launched 'Axis Small Cap Fund', a close-ended equity scheme with a 5-year lock-in period, a company release said.
Asset management company ICICI Prudential Tuesday launched ICICI Prudential Value Fund Series Fund 2, a close ended equity fund.
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 Insurance Company said Wednesday it has launched a new initiative to revive lapsed policies for its policy-holders.
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.
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 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.