After shares and mutual funds, its now the turn of insurance policies to be digitised, with insurance regulator IRDA expected to give the nod for making policies available in demat form.
After raising money successfully, Indian Railway Finance Corporation (IRFC) will close its issue of tax-free bonds on Friday, a week earlier than the scheduled closing on February 10. Subscription to the institutional and high net worth individual (HNI)
The insurance regulator is determined to make agents graduate into “advisors&" and is coming up with a detailed guideline that would make sale of a life insurance policy “need&" or “suitability&" based.
After highest net asset value (NAV) guaranteed products, the single premium, two-year premium and three-year premium policies are the latest life insurance products to come under the Insurance Regulatory and Development Authority’s (Irda) scanner.
Life Insurance Corporation of India has launched a new product called Jeevan Ankur in the child plan space that aims to meet educational and other needs of children.
Seeking relief for home buyers, accounting regulator the Institute of Chartered Accountants of India (ICAI) has asked the Finance Ministry to double the tax exemption limit on loan repayment to Rs 3 lakh.
"The CBT will take a call on the proposal to fix minimum pension at Rs 1,000 per month for its subscribers in a meeting scheduled on February 22," a source said.
The Securities and Exchange Board of India (Sebi), the capital market regulator, today lifted restrictions on broad-based institutions, such as insurance companies and mutual funds, subscribing to preferential issues of companies.
Insurance Regulatory and Development Authority (Irda) chairman J Hari Narayan has asked health insurance companies to devise products to cover daycare procedures.
The Insurance Regulatory and Development Authority (Irda) plans to ban loans by life insurance companies against unit-linked life insurance policies (Ulips).