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IANS
Chennai , March 12, 2014
\"IRDA (Insurance Regulatory and Development Authority) is legally wrong in issuing such a direction as it had approved the products in question. Further what SBI Life has done is legally right. Insurers do receive premium in advance and adjust it as and when it becomes due,\" R. Ramakrishnan, a member of Malhotra Committee on insurance reforms and a consulting actuary, told IANS.


PTI
New Delhi, March 12, 2014
\"The amount of Rs 275,29,48,437 to be refunded as directed in these orders shall be debited to shareholders account. The above action to be initiated immediately and shall be completed within six months,\" Irda (Insurance Regulatory and Development Authority) said.


Hemant Kanoria
March 11, 2014
With so many variables across the value-chain, undertaking any infrastructure project is complex. Optimum-sized projects are easier to implement and manage, and their financial closure can be achieved faster. In infrastructure, even 'small' is big enough.


PTI
Johannesburg, March 11, 2014
Sanlam Chief Executive Johan Van Zyl said the company has set aside R500 million of its R4 billion discretionary budget to raise its stake in Shriram Capital as it sees opportunity in high growth markets in Asia.


Mahesh Nayak
March 10, 2014
FII inflows have been crucial to the behaviour of the Indian equity market. As long as the inflows continue, the market will be fine. But what goes up fast also comes down quickly. Some correction is expected in the coming week. Until the elections are over, the market will remain volatile reacting mainly to global cues, currency and FII flows.


Manu Kaushik
March 13, 2014
It is the third plant which has raised the latest controversy, ever since the company announced in January that the plant would be set up, not by Maruti, but by a subsidiary of its Japanese parent Suzuki Motor Corp.


www.businesstoday.in
February 28, 2014
It is not possible to negotiate the basic premium rates offered by insurance companies. However, by keeping the following points in mind, you can surely reduce the costs incurred on premiums.


www.businesstoday.in
February 28, 2014
Lot of individuals subscribe to mediclaim policies in the belief that they have adequate health insurance to address all health issues. This is not only inaccurate but might just prove a very costly oversight.


www.businesstoday.in
February 28, 2014
Health insurance is one of the most fundamental types of insurance after life cover in terms of being an absolute necessity for everyone. It is important as it provides financial security to meet health related contingencies.


www.businesstoday.in
February 28, 2014
Unit Linked Insurance Plans refer to Unit Linked Insurance Plans offered by insurance companies. These plans allow investors to direct part of their premiums into different types of funds (equity, debt, money market, hybrid etc.).


www.businesstoday.in
February 28, 2014
In a Unit Linked Plan (ULIP), the premiums you pay are invested in the funds chosen by you after deducting allocation charges and charges including those for managing funds, policy administration and for providing insurance cover are deducted from the funds by cancelling certain units.


www.businesstoday.in
February 28, 2014
Once you have identified the need to take life insurance, you should know about getting some basic steps right to select the best insurance policy.


www.businesstoday.in
February 28, 2014
Insurance plans can be distinctly divided into ULIP (Unit Linked Insurance Plans) and traditional plans.


www.businesstoday.in
February 28, 2014
A wide range of vehicles are available to fund future financial goals. Insurance scores over other investment vehicles in a number of aspects.


Dipak Mondal/Money Today
March 1, 2014
There are many people who make costly financial mistakes every year between January and March while investing to save tax or declaring expenses against which they can claim tax deduction. Money Today talks about a few such mistakes.


www.businesstoday.in
March 31, 2014
Money Today experts answer your personal finance queries -


Dipak Mondal/Money Today
March 18, 2014
Many insurers have started selling online terms plans through agents as they believe that buying online is difficult for those who are not comfortable navigating the internet. So, their agents help customers buy online plans, as these are cheaper than the offline versions.


Anand Adhikari
February 26, 2014
The committee's report has suggested setting up a new kind of bank called 'Payment Banks' to foster financial inclusion, which would make payments but would be barred from lending. Mor, whose name is also doing the rounds as a possible deputy governor of the RBI, spoke to Anand Adhikari. Edited excerpts:


PTI
Hyderabad, February 25, 2014
The company, in a Bombay Stock Exchange filing, said the lenders - including Life Insurance Corporation and banks - will be given an option to convert Rs 3,024 crore out of Rs 11,155 crore of total restructured loan into equity.


Anand Adhikari
March 11, 2014
As CEO of Reliance Life Insurance, the Anil Ambani-owned life insurance venture, Rau's focus is on ensuring a sustainable and profitable growth. The industry is already experiencing pain due to slowdown and regulatory intervention.


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