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SBI, L&T Mutual Funds to discontinue 19 schemes SBI, L&T Mutual Funds to discontinue 19 schemes
The move follows new Sebi regulations, which require fund houses to launch only one plan per scheme with effect from this month.
SBI Life told to distribute excess payments to policyholders SBI Life told to distribute excess payments to policyholders
As per the guidelines, life insurers are not allowed to pay towards management expenses, documentation expenses, profit commission, bulk discount or any other payment to the agent, corporate agent, group organiser or group manager.
IRDA working on system to improve health insurance service IRDA working on system to improve health insurance service
Insurance regulator IRDA is working on a centralised mechanism to capture health insurance data with a view to improving the service and preventing misuse of medi-claim benefits by hospitals.
Five MFs to discontinue 190 schemes to comply with SEBI rules Five MFs to discontinue 190 schemes to comply with SEBI rules
Five mutual funds, including leading players including Reliance and ICICI Prudential MF, Wednesday listed out a total of 190 schemes that would be discontinued for fresh SIP investments to comply with SEBI guidelines.
Five MFs to discontinue 190 schemes to comply with SEBI rules Five MFs to discontinue 190 schemes to comply with SEBI rules
Five mutual funds, including leading players including Reliance and ICICI Prudential MF, Wednesday listed out a total of 190 schemes that would be discontinued for fresh SIP investments to comply with SEBI guidelines.
IRDA working on 10 standard insurance products IRDA working on 10 standard insurance products
Sector regulator IRDA on Wednesday said it will develop 10 standard products in consultation with industry bodies which can be launched by the insurance companies without seeking regulatory nod.
Mutual funds gain Rs 54,681 crore worth assets in July-Sept Mutual funds gain Rs 54,681 crore worth assets in July-Sept
Improved stock market sentiment helped mutual funds become richer by Rs 54,681 crore or about 8 percent in the second quarter of the current fiscal, as the assets base grew for a majority of the fund houses.
Fire, group health, motor insurance premia may go up Fire, group health, motor insurance premia may go up
Premiums in various segments like fire, group health insurance plan and third-party motor insurance are likely to go up in the wake of losses being incurred by insurers, a top United India Insurance executive said.
Edelweiss Tokio Life launches 2 unit-linked plans Edelweiss Tokio Life launches 2 unit-linked plans
The products have been designed to ensure that a customer enjoys benefits of wealth creation bundled with insurance cover, Edelweiss Tokio Life CEO Deepak Mittal said in a release issued here.
Tata AIA Life launches unit-linked plan Suraksha Kosh Tata AIA Life launches unit-linked plan Suraksha Kosh
It is a unit-linked plan where death benefit is enhanced by a combination of sum assured plus the total fund value.
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