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New Reliance health insurance plan for women, girl child

With just 2 percent of working women having health insurance cover in India, Reliance General Sunday announced a new product for their inclusion and empowerment which also covers the girl child.

HDFC Life launches two traditional pension plans

HDFC Life launched two traditional pension plans - Personal Pension Plus, a participating plan - and Guaranteed Pension Plan - a non-participating plan.

ICRA upgrades ratings of three MFIs

Rating agency ICRA has upgraded ratings of three microfinance institutions, Grameen Financial Services, Ujjivan Financial Services and Utkarsh Microfinance.

One in 4 urban Indian rates retirement planning as priority

With Indians continuing to put their family first, retirement planning is quickly gaining ground as financial priority as nearly 24 percent of urban consumers are readying for their old age, a recent survey said.

Employers feel that sum 'insured' is inadequate: Survey

One in every four employers in the country believe that the existing sum insured (SI) taken for their employees is inadequate, according to a recent online survey by ICICI Lombard General Insurance.

MF assets reach record high of Rs 8.68 lakh cr in May: Crisil

The country's 44 fund houses together had an average AUM of Rs 8.68 lakh crore in May, significantly higher than the previous record of Rs 8.26 lakh crore in January 2013.

HDFC Life launches ClassicAssure Plus

HDFC Life Thursday launched a participating, traditional insurance plan, ClassicAssure Plus, with limited premium payment term and a guaranteed reversionary bonus during the premium payment term.

Failure to deposit TDS on time will attract penalty

Failure to deposit timely and correct TDS or TCS will now attract a penalty ranging from Rs 200 to Rs one lakh by the Income Tax department.

SBI MF to acquire schemes of Daiwa MF

Though the company did not give the deal value, sources in the industry said it could be around Rs 2 crore.

I-T to scan salary slips of top executives for TDS

Income Tax department has decided to scan the salary structure of top executives of large corporates and PSUs to examine hidden tax opportunities in the perks and reimbursements made to them.

HDFC Life launches Health Assure Plan

Private insurer HDFC Life has launched its new health insurance product, Health Assure Plan, which is aimed at providing a comprehensive health cover.

SBI Mutual Fund launches gold accumulation facility

SBI Gold Fund is an open ended fund, which enables the common man to invest systematically in gold without the need of buying and storing physical gold and that too without a demat account.

DPLI launches savings-cum protection plan

The policy can be bought even at the age of 55 or 60 which will mature when the policyholder turns 75, the maximum maturity age.

HDFC Standard Life tops unfair trade practices complaint chart

Leading private life insurers HDFC Standard Life, Bajaj Allianz and Birla Sun Life top the list of firms against whom consumers have filed complaints with sectoral regulator IRDA for indulging in unfair business practices.

Life insurance policies on a decline in last 3 years: Govt

The number of life insurance policies has witnessed a decline in the last three years due to fall in sales in the unit-linked insurance segment and general market conditions, Parliament was informed.

BNP Paribas MF launches new fund

BNP Paribas Mutual Fund Monday said it has launched a capital protection-oriented fund-series I, mainly aimed at catering to risk-averse investors.

AEGON Religare launches traditional plan

Private insurer AEGON Religare Life Insurance (ARLI) today launched a traditional plan with guaranteed benefits -- Flexi Money Back Plus Insurance Plan.

MF industry AUM rises by Rs 1.5 lakh cr in 2012-13

Improved market sentiments helped mutual funds' assets under management (AUM) soar by over Rs 1.5 lakh crore to touch Rs 8.2 lakh crore in 2012-13.

Canada's Manulife eyes Indian insurance market

Indian insurance sector may see the entry of a new foreign player, as Canada's largest insurer Manulife Financial is actively studying this market to find a workable business model to set up shop here.

I-T offices to remain open on Mar 30 and 31

Income Tax department offices across the country will remain open on March 30 and 31 for taxpayers who want to file their returns and conduct other tax related businesses.