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Insurers plan fresh Ulips for tax savings
Falaknaaz Syed, Sep 02 2010, New DelhiLife insurance companies have indicated that they may consider launching unit linked insurance plans (Ulips) with life cover of 20 times the annual premium to make them tax saving instruments
Unit transfer facility to raise liquidity in MF investment
, Sep 02 2010One of the benefits of mutual funds is that there is liquidity available for. The common way for investors to deal with their units is through the mechanism of
Future Generali to cut policy issue time
, Sep 02 2010, BangaloreFuture Generali Indian Life Insurance, the joint venture between Future Group and Italy’s Generali, is actively working to cut down the time required to give out a policy to the
Bajaj Allianz Life turns its focus on traditional plans
Sharang Limaye, Sep 02 2010, HyderabadBajaj Allianz Life Insurance is focusing on traditional plans to grab a larger share of the insurance pie, a company official said. The company wants to use the customers’
MF industry assets rise 3.3% to Rs 6.87 lakh cr in Aug
, Sep 02 2010, New DelhiSnapping the two-month decline the average assets under management of mutual fund houses rose by 3. 30 per cent in August as eased liquidity situation prompted corporates to
IDBI waives service fees to draw bank accounts
Shruti Verma, Sep 01 2010, MumbaiIDBI Bank on Wednesday waived off all service charges on current and savings accounts (casa), the first of a kind by any bank.
The bank said it would also look
MFIs want banks to lend at lower rates to aid cheaper micro-loans
Urvashi Jha, Sep 01 2010, HyderabadMajor microfinance institutions (MFIs) are negotiating with banks to get lending rates reduced by 2 to 3 per cent as increasing operating cost environment has made it tough for them.
Insurers to compensate agents for Ulip fee loss
Sneha Shah, Sep 01 2010, MumbaiLife insurance companies are drawing up plans to compensate their agents in varied ways for selling policies. With the new unit-linked life insurance policy guidelines coming into play
Irda framing norms for a reinsurance platform
Sneha Shah, Sep 01 2010, MumbaiInsurance Regulatory and Development Authority (Irda) is working on a reinsurance transaction platform. According to J Hari Narayan chairman of Irda the regulator will release the draft
Gold hits record high at Rs 19,405 on brisk buying
Sangeetha G., Sep 01 2010, ChennaiGold prices touched an all-time high of Rs 19,405 per 10 gm in the Indian spot market, as international prices climbed a two-month high of $1,254.28
- Payout on Franklin Templeton plan
FT Capital Protection Oriented plan has announced up to 100 per cent of distributable surplus as dividend.
- Canara Robeco declares dividend
Canara Robeco Interval Series 2 has declared up to 100 per cent of distributable surplus as dividend.
- Payout on HSBC MF plan
HSBC Mutual Fund has declared up to 100 per cent of distributable surplus as dividend on HSBC Fixed Term Series 30.
- Dividend on Kotak MF
Kotak Mutual Fund has announced up to 100 per cent of distributable surplus as dividend on Quarterly Interval Plan Series 8.
- UTI Mutual Fund declares dividend
UTI MF has declared up to 100 per cent of surplus as dividend on UTI Quarterly Interval Fund Series IV.
- Payout on Bharti AXA scheme
Bharti AXA Mutual Fund has declared dividend on weekly frequency on Bharti AXA ST Income Fund.
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