The Insurance Regulatory and Development Authority (Irda) has assured the broking community that it would address issues raised by the latter, such as high penalties, short-term licences and service tax on reinsurance brokers.

Indian insurance companies in operation for at least three years will be eligible for opening offices outside the country.

Bangalore-based certified financial planner Anil Rego recalls how a client of his was sold a single-premium unit-linked insurance plan (Ulip) by a bank representative on the pretext of a high-return fixed deposit.

Strengthening its international co-operation, insurance sector regulator Irda has joined hands with some of its global peers for sharing and exchange of sectoral information.

Amitabh Bachchan Amitabh Bachchan will make gains of at least 4,600% in the initial public offer (IPO) of Just Dial, and that’s only at the lower end of the price band.

The Income-Tax department has trained its guns on the wealth of high net worth individuals (HNIs).

In a divorce, what was once called "ours" gets divided into "his" and "hers.

Prime Minister Manmohan Singh does not own any land, agricultural or non-agricultural, but owns a 1996 model Maruti 800 car and has movable assets, including fixed deposits, of over Rs 3.87 crore.

The Finance Ministry has approved payment of 8.5% rate interest for 2012-13, up from 8.25% in the previous fiscal, benefiting over 5 crore EPFO subscribers.

Various portfolio management service (PMS) providers are looking to register their tailor-made equity products under a category of the recently-introduced Alternative Investment Funds (AIF) segment that will enable them to become hedge funds.

The pension scheme run by the Employees Provident Fund Organisation (EPFO), a decades-old statutory body with 80 million members (on paper), doesn’t have the date of birth of almost any of them.