51. Life insurance products may go missing from Oct
June 25, 2012
Come October, the life insurance industry may be left with only a handful of products, as the regulator wants companies to ‘refile’ all existing products according to its new product design guidelines.
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52. Govt push for Rs 1000 monthly pension plan
June 25, 2012
The labour ministry has proposed a minimum pension of Rs. 1,000 a month for all those who subscribe to the Employees’ Pension Scheme (EPS). If implemented, the move will benefit nearly 3 million workers engaged in small and medium enterprises with higher retirement benefits. Under the EPS 95 scheme,...
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53. States asked to enforce third party insurance of all vehicles
June 23, 2012
The Centre has asked all states to launch a special drive to check and enforce third party insurance of all vehicles.
In a recent circular to all the state transport secretaries and commissioners, the transport ministry has said lack of insurance cover for a vehicle is not only illegal, but...
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54. Pay more for insurance covers and get less
June 22, 2012
Next time you buy a life insurance policy, be ready to pay a higher premium. This is because, under the new rules on product design issued by the Insurance Regulatory and Development Authority (IRDA)— the draft guidelines were issued last month — the life cover in a policy must be either 10 times t...
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55. Buying Customized accident policy may maximize your benefits
June 22, 2012
Many individuals believe that personal accident insurance policies pay only when the insured person dies in an accident. It is a misconception. Personal accident covers do not restrict themselves to death benefit only.
They also compensate for partial total disability that covers many condit...
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56. Annuity, a must in all pension plans: IRDA
June 20, 2012
Life insurers will have to provide an immediate or deferred annuity, even in cases where pension products are surrendered before vesting date. At the time of surrender or vesting, the policyholder shall have to buy a single-premium, deferred annuity or an immediate annuity product from the same in...
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57. Reliance Life Insurance launches online life cover plan
June 20, 2012
Reliance Life Insurance Company (RLIC), part of Reliance Capital Limited, today launched its first online life cover plan - Reliance Life Insurance eTerm - to meet the protection needs of every ...
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58. Max India split into two entities- healthcare and financial businesses
June 20, 2012
Diversified businesses group Max India is likely to split its financial and healthcare businesses into separate entities as part of a restructuring process aimed at realizing its full market value. The group is considering an option to bring |
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59. Mumbai University re-exams go off smoothly
June 15, 2012
The re-exam of the applied mathematics paper for first-year engineering students was conducted smoothly on Thursday morning after so much glitch. Unlike the delays usually experienced at all Mumbai University (MU) examinations, the paper started on schedule. This could be attributed to the new syst...
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60. IIT counselling for admission impact as SC order on minority quota
June 14, 2012
The Supreme Court's refusal on Wednesday to stay the Andhra Pradesh High Court judgement that quashed the 4.5 percent quota for minorities will have its impact on the ongoing counselling for various IITs as minorities will have no reserved seats for them in IIT. By introducing the 4.5 per cent quo...
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Author: Ashima Gupta
