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Tata AIA Life unveils traditional plan MahaLife Supreme

Tata AIA Life Insurance Wednesday launched MahaLife Supreme, a limited premium paying, non- linked, non-participating, endowment insurance plan.

Bharti AXA to focus on commercial line to drive future growth

The company also said that southern and eastern regions would be the key focus areas going ahead.

HDFC ERGO Gen launches 'Health Suraksha Top Up' plan

Private insurer HDFC ERGO General Insurance on Monday launched 'Health Suraksha Top Up' plan allowing a customer a larger sum insured limit at lower cost.

Reliance Life Insurance unveils new distribution channel

Reliance Life Insurance, a unit of Reliance Capital, Wednesday unveiled a new distribution system called "face-to-face" to focus on servicing customers whose agents have become inactive.

Reliance MF launches portfolio SIP, targets Rs 1K cr in 1st yr

Reliance Mutual Fund has launched portfolio systematic investment plan (PSIP) that will enable retail customers to invest in multiple schemes run by the company and said it aims to raise Rs 1,000 crore through this route in the first year of launch.

Aviva Life Insurance launches Dhan Samruddhi plan

Private insurer Aviva Life Insurance on Tuesday launched Dhan Samruddhi, a traditional money back plan with guaranteed returns.

Bajaj Allianz launches Life Assure Insurance Plan

Life Assure is a unit-linked endowment plan available at a minimum monthly premium of Rs 1,000, which is the lowest in the industry, Bajaj Allianz Life said in a release issued here.

Muthoot Finance ties up to offer National Pension Scheme

Muthoot Finance is the only Non-Banking Financial company in the state to be approved by the PFRDA to act as a service provider for the pension plan, a company release said here.

PF, pension funds can soon invest in corporate bonds

The Finance Ministry on Friday said it will soon relax norms to enable pension and provident funds to invest in the corporate bond market, with a view to provide an additional funding source for infrastructure projects.

Credit Suisse launches single family office service in India

Credit Suisse on Thursday said it has launched the single family office service in India, a move that will strengthen its product offering for the ultra-rich people in the country.

IndiaFirst Life launches Simple Benefit Plan

Private insurer IndiaFirst Life Insurance has launched 'Simple Benefit Plan' that offers dual benefits of a life cover and assured savings.

Bajaj Allianz launches 'extended warranty plan'

Bajaj Allianz General Insurance has launched an 'extended warranty plan' for consumer durables, under which a customer will be able to extend the warranty period for 12 months after expiry of the manufacturer's product warranty.

AEGON Religare Life launches term plan 'Save Guard Insurance'

AEGON Religare Life Insurance (ARLI) on Tuesday launched a term plan - Save Guard Insurance Plan - that provides life cover and at the end of the policy term, returns the entire premium paid.

DSP Blackrock to join NPS as fund manager, IDFC pulls out

DSP BlackRock Investment Managers (P) Ltd has decided to join as pension fund manager to manage New Pension Scheme (NPS) corpus, while IDFC has pulled out after not renewing its tenure, sources said.

ICICI Venture to invest up to Rs 500cr in 2 yrs

ICICI Venture Friday said it is planning to invest around Rs 500 crore in various residential projects in the next two years.

SBI, L&T Mutual Funds to discontinue 19 schemes

The move follows new Sebi regulations, which require fund houses to launch only one plan per scheme with effect from this month.

SBI Life told to distribute excess payments to policyholders

As per the guidelines, life insurers are not allowed to pay towards management expenses, documentation expenses, profit commission, bulk discount or any other payment to the agent, corporate agent, group organiser or group manager.

IRDA working on system to improve health insurance service

Insurance regulator IRDA is working on a centralised mechanism to capture health insurance data with a view to improving the service and preventing misuse of medi-claim benefits by hospitals.

Five MFs to discontinue 190 schemes to comply with SEBI rules

Five mutual funds, including leading players including Reliance and ICICI Prudential MF, Wednesday listed out a total of 190 schemes that would be discontinued for fresh SIP investments to comply with SEBI guidelines.

IRDA working on 10 standard insurance products

Sector regulator IRDA on Wednesday said it will develop 10 standard products in consultation with industry bodies which can be launched by the insurance companies without seeking regulatory nod.