Analysis & Opinion

Redefining personal finance for Indias middle class
A middle class Indian, on an average, loses Rs.30,000-40,000 every year because of bad personal finance products he bought in the past, claims ArthaYantra, an integrated personal financial services company which offers free financial advice online.

Reliance Life Insurance launches super endowment plan
Reliance Life Insurance, a part of Reliance Capital, Thursday announced a new plan that offers guaranteed life cover and maturity benefits.

ICICI Prudential Life Insurance launches new policy
ICICI Prudential Life Insurance Company Ltd (ICICI Prudential Life) has announced the launch of ICICI Pru Shubh Retirement, a new policy for its clients throughout the country including Sikkim to address the growing need for post retirement income.

LIC Nomura Mutual Fund re-launches ULIS with more features
LIC Nomura Mutual Fund has re-launched its open ended Unit-Linked Insurance Scheme (ULIS) Tuesday with additional features aiming at Rs 500 crore assets under management (AUM) by the end of FY13, with one lakh new investors.

Aviva Life launches online term plan i-Shield
Aviva i-Shield provides life cover with a provision of return of 110 percent of paid premium, in case the insured survives the policy term, the private insurer said in a release.

ICICI Prudential launches retirement plan
The product would enable consumers to build a corpus during their working years and receive assured regular pension post retirement.

Govt invites proposals from mutual funds for PSU ETF
Moving ahead with its proposal to set up an exchange traded fund for PSUs, the government has invited proposals from mutual funds having equity assets of over Rs 2,500 crore.

Rangarajan pitches for higher taxes for super rich
India taxes income at three rates - 10 percent, 20 percent and 30 percent.

Future Generali re-launches health insurance plan
'Future Health Suraksha' offers enhanced features like life long renewals, and cumulative bonus from first claims free renewal instead of sixth renewal among others.

Max Life announces special bonus, to distribute Rs 130 crore
The special bonus will be paid at the respective policy anniversaries commencing February 1, 2013.

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