Monthly Archives: February 2009

IRDA Watches Insurers Business Practices

Posted on February 26, 2009 by admin

In a move that can impact the premium rates of the unit-linked insurance products, the Insurance Regulatory and Development Authority (IRDA) has said second year premiums should not be less than 75 per cent of the initial year’s premium. “IRDA … Continue reading →

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Points of Presence for the New Pension Product

Posted on February 25, 2009 by admin

Getting ready to kickoff the New Pension Scheme for private citizens in another five weeks, the Pension Fund Regulator and Development Authority has approved 23 points of presence that would collect pension contributions and also sell pension products. The country’s … Continue reading →

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PAN Card Mandatory for Buying Insurance?

Posted on February 18, 2009 by admin

THE finance ministry has decided to make a permanent account number (PAN) card mandatory for buying all insurance policies that have an element of investment in the capital market and the premium exceeds Rs 1 lakh per year. The ministry … Continue reading →

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Jeevan Varsha: Moneyback Plan from LIC

Posted on February 17, 2009 by admin

LIC has always been sensitive to the changing aspirations of its customers and thusbrings out different products from time to time to cater to those needs . Close on the heels of Jeevan Aastha, whichwas a runaway success, our latest … Continue reading →

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Poor Financial Planning by the Tech Savvy: Survey

Posted on February 2, 2009 by admin

The IT/ITeS employees in Chennai, Bangalore and Hyderabad seem to have very poor financial and tax planning, a survey conducted by an investment advisory firm has found. The annual tax survey, done by Right Horizons among 1,169 salaried individuals in … Continue reading →

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