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ULIP WITHDRAWALS PUT PRESSURE ON INSURERS
ULIP WITHDRAWALS PUT PRESSURE ON INSURERS Sneha Shah, Mumbai Financial Chronicle
Life insurance companies are scurrying to meet an immediate redemption pressure as the three-year lock-in period on unit-linked insurance policies (Ulips), put by Insur...
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IRDA'S CAP ON CHARGES
IRDA TO RAISE LOCK-IN PERIOD FOR ULIPS TO FIVE YEARSThe Hindu Business Line
The Insurance Regulatory and Development Authority has imposed a cap on the charges that insurers levy on customers for ULIP products. At present, mutual funds charge over 4...
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MAKING INSURERS EXPLAIN COSTS
MAKING INSURERS EXPLAIN COSTS Amar Pandit, Business Standard
The Insurance Regulatory Development Authority (Irda) issued a circular to the life insurance industry on July 22, capping overall charges in Unit Linked Insurance Plans (popularly known as U...
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INSURANCE INDUSTRY RECORDS GROWTH IN Q1, COURTESY LIC
INSURANCE INDUSTRY RECORDS GROWTH IN Q1, COURTESY LIC Shilpy Sinha, Mumbai, Business Standard
Largest insurer's sales rise 20%. Though marginally at 0.95 per cent, the life insurance industry has managed to grow during the first quarter of the cur...
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IRDA CAP ON ULIP FEE WILL APPLY ONLY TO NEW PLANS
IRDA CAP ON ULIP FEE WILL APPLY ONLY TO NEW PLANS Shruti Verma, Financial Chronicle
The Insurance Regulatory and Development Authority's (Irda) cap on fees levied on Ulips will not be applicable to policies that have been already sold by insurance ...
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ULIPS CANNOT CHARGE MORE THAN 3% AS FEE FROM OCT 1
ULIPS CANNOT CHARGE MORE THAN 3% AS FEE FROM OCT 1 Shruti Verma, New Delhi, Financial Chronicle | The Hindu Business Line | The Times of India | Business Standard | Mint | The Financial Express | DNA | Deccan Herald | The Telegraph | Hindustan Times
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ULIPS MAY FETCH 150 BPS MORE ON NEW FEE CAP
ULIPS MAY FETCH 150 BPS MORE ON NEW FEE CAP Hyderabad, The Economic Times (Delhi edition)
Retail investors in unit-linked insurance plans (Ulips), arguably one of the hottest investment products, could see a 150-basis-point rise in returns. The I...
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IRDA MULLS SELF-REGULATORY BODY FOR HEALTH INSURANCE
IRDA MULLS SELF-REGULATORY BODY FOR HEALTH INSURANCE Shruti Verma, New Delhi, Financial Chronicle | The Telegraph
A panel of the Insurance Regulatory and Development Authority (Irda) has recommended setting up a self-regulatory body for health insu...
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TAKE TERM LIFE COVER OF Rs 1 CRORE FOR JUST RS 15K
TAKE TERM LIFE COVER OF Rs 1 CRORE FOR JUST RS 15K Preeti Kulkarni, Mumbai, The Economic Times (Delhi edition)
Buying a Rs 1-crore life insurance cover was never so cheap. There is a quiet rate war raging among insurers that has brought down the co...
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TPAS MUST BE PROVIDED WITH ADEQUATE WORKING CAPITAL: PANEL
TPAS MUST BE PROVIDED WITH ADEQUATE WORKING CAPITAL: PANEL Hyderabad, The Hindu Business Line
Mr S.B. Mathur Our Bureau Hyderabad, July 17 The Third Party Administrators (TPAs) should be provided with adequate working capital, according to a pane...
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INSURERS LIKELY TO INVEST RS 1.75 LAKH CRORE IN EQUITIES
INSURERS LIKELY TO INVEST RS 1.75 LAKH CRORE IN EQUITIES T E Narasimhan, Chennai, Business Standard
The Indian insurance industry is likely to pump in around $25-30 billion (around Rs 1.25-1.75 lakh crore) in the country's equity market. Nischal ...
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GROUP INSURANCE SALES SOAR 73 PERCENT
GROUP INSURANCE SALES SOAR 73 PERCENT Paramita Chatterjee, New Delhi, The Economic Times
The sale of group insurance policies grew 73 percent in the first two months of the current fiscal year, despite a slowdown in the life insurance sector. New...
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M&A, PUBLIC OFFER GUIDELINES FOR INSURANCE PLAYERS IN 2 MONTHS
M&A, PUBLIC OFFER GUIDELINES FOR INSURANCE PLAYERS IN 2 MONTHS New Delhi, The Economic Times | Mail Today | Business Standard | Mint | The Financial Express | The Hindu Business Line | The Times of India | Deccan Herald | The Statesman | The Telegr...
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IRDA PLANS TO CAP OVERALL CHARGES ON ULIP
IRDA PLANS TO CAP OVERALL CHARGES ON ULIPS Mumbai, Business Standard
After the Securities Exchange Board of India (Sebi) scrapped the entry load for mutual funds, the Insurance Regulatory and Development Authority (Irda) is considering putting a ca...
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SLOWDOWN'S LED TO REDUCTION IN NEW PREMIUM
SLOWDOWN'S LED TO REDUCTION IN NEW PREMIUM Pune, The Times of India
The economic downturn has adversely affected even the insurance industry, which has seen a reduction of Rs 6,000 to Rs 7,000 crore in the new premium in India. This was disclosed...
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INSURANCE INDUSTRY DISAPPOINTED
INSURANCE INDUSTRY DISAPPOINTED The Financial Express
The Budget for 2009-10 did not go down well with the insurance industry, which expected tax concessions on several schemes and a roadmap for raising the foreign direct investment cap to 49 percen...
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LIFE INSURERS DISAPPOINTED WITH BUDGET
LIFE INSURERS DISAPPOINTED WITH BUDGET Chennai, The Economic Times
The union budget for 2009-10 presented by Finance Minister Pranab Mukherjee Monday has disappointed the domestic life insurance sector. "There is no major announcement on tax sops....
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INSURANCE REGULATOR TO CAP CHARGES IN ULIPS
INSURANCE REGULATOR TO CAP CHARGES IN ULIPS Falaknaaz Syed, Hindustan Times (Delhi edition)
Policyholders of unit-linked insurance plans (ULIPs) will soon see a higher amount of their premium being invested, with the Insurance Regulatory and Develo...
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INSURANCE SECTOR GROWING FAST, BUT PENETRATION LOW
INSURANCE SECTOR GROWING FAST, BUT PENETRATION LOW Shruti Verma, New Delhi Financial Chronicle | The Economic Times | The Asian Age
The need for greater insurance penetration in both life and non-life segments has been underscored by the economic ...
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BUDGET INCOME-TAX BREAKS COULD AID SAVINGS PRODUCTS
BUDGET INCOME-TAX BREAKS COULD AID SAVINGS PRODUCTS New Delhi, Hindustan Times
The financial services industry is looking for its own stimulus of sorts in the Union Budget due next Monday. With the likelihood of a rise in income tax exemption lim...