Finance Minister on Tuesday announced a rollback of the proposed 5 per cent service tax on healthcare services. Mukherjee announced his decision to exempt service tax in “its entirety both in respect of services provided by hospitals, as well as by way of diagnostic tests until … [Read more...] about FM proposed rollback of 5 per cent service tax on healthcare services
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Bharti AXA Life Insurance launches – retirement and child plan
Bharti AXA Life Insurance launches - a retirement plan and a child protection plan - Retirement plan - Bharti AXA Life Wonder Years Retirement Plan Child plan - Bharti AXA Life Bright Stars Power Plus Bharti AXA Life Wonder Years Retirement Plan is a traditional product and … [Read more...] about Bharti AXA Life Insurance launches – retirement and child plan
Insurance company can't deny claim, if the insured did not reveal information about his earlier life insurance policy!
The South Mumbai District Consumer Disputes Redressal Forum has fined an insurance company for causing mental agony to a family by not releasing the amount due to them on grounds that the insured did not reveal information about his earlier life insurance policy. In 2001, Naval … [Read more...] about Insurance company can't deny claim, if the insured did not reveal information about his earlier life insurance policy!
SBI Life launches – Smart Wealth Assure a unit Linked non participating Life Insurance Plan
SBI Life Insurance has launched guaranteed ULIP, it guarantees, at inception, a pre-specified NAV applicable at the end of the ten-year term. By opting for Return Guarantee Fund, the policyholder can create long term investment corpus based on minimum pre-determined NAV or … [Read more...] about SBI Life launches – Smart Wealth Assure a unit Linked non participating Life Insurance Plan
Kotak Life launches Assured Income Plan
Kotak Life insurance has launched the Kotak Assured Income Plan, which would provide guaranteed annual income to the insured for 20 years. The Kotak Assured Income plan provides life cover for 30 years for a premium payment term of 15 years. The plan would provide guarantee of … [Read more...] about Kotak Life launches Assured Income Plan
Birla Sun Life Insurance Company launches ULIP – BSLI Foresight Plan
Birla Sun Life Insurance Company has launched ULIP - BSLI Foresight Plan. The plan offers 2 Investment Options - Guaranteed Option and Self-Managed Option. In guaranteed option - the proceeds would be invested in the Foresight Fund and which will be managed by the company. The … [Read more...] about Birla Sun Life Insurance Company launches ULIP – BSLI Foresight Plan
LIC’s launched ULIP – Samridhi Plus
LIC’s Samridhi Plus is a unit linked plan with a policy term of 10 years that offers payment of Fund Value at the end of the policy term based on the Highest Net Asset Value (NAV) over the first 100 months of the policy or the NAV as applicable at the end of the policy term, … [Read more...] about LIC’s launched ULIP – Samridhi Plus
IDBI Federal Life Insurance has launched Retiresurance® Guaranteed Pension Plan
IDBI Federal Life Insurance has launched Retiresurance® Guaranteed Pension Plan. IDBI Federal Retiresurance® is a unique retirement plan which comes with the twin benefits of guaranteed accumulation with attractive annuities. IDBI Federal Retiresurance® Guaranteed Pension Plan … [Read more...] about IDBI Federal Life Insurance has launched Retiresurance® Guaranteed Pension Plan
ING Life launched 'ING ACE' with guaranteed returns
ING Life launched traditional insurance product 'ING ACE' offering guaranteed additions, limited premium pay and tax benefit. The new plan has two variants — Pension and Life with features as guaranteed additions, limited premium pay and tax benefit under Section 80 C of the … [Read more...] about ING Life launched 'ING ACE' with guaranteed returns
Irda alert against false sale calls
After detecting fraudulent instances on similar lines that had hit Citibank’s wealth management operations in the country, the insurance regulator has filed a police complaint in New Delhi. Issuing alerts to the insurers, Irda has said it has received complaints from various … [Read more...] about Irda alert against false sale calls