 | Mint - Business |
| |
Current Headlines | Most Read | Archives |
|
| |
 |
Ask Mint | Life insurance is for risk coverage (06 October 12:36) |
| Insurance is often bought for savings needs but the basic purpose of a life insurance plan is risk coverage |
| |
|
Corporation bank puts Sub-PLR loans on hold (05 October 01:11) |
| The move is primarily aimed at protecting the margins in the wake of a high interest rate regime and rising cost of funds |
| |
|
The downside of debt recast for lenders (02 October 12:27) |
| Troubled borrowers are deluging banks with requests to amend loans to avoid default |
| |
|
Univercell launches mobile theft insurance plan (01 October 03:50) |
| The company plans to launch nine to ten products by December this year |
| |
|
Bank of Rajasthan hikes Deposit rates (30 September 05:46) |
| Bank has tuned itself to be with time once again and has revised upward interest rates for certain tenure that will benefit banks millions of customers across the country |
| |
|
A policy under a group health plan is not transferable (30 September 03:28) |
| When you quit your job, you will no longer be covered under your ex-employer’s group policy, even if your new employer has a group plan with the same insurer |
| |
|
No need to panic, action to be taken against violators: Sebi (30 September 03:08) |
| Following rejection of the $700 billion bailout package, Asian markets including Tokyo’s Nikkei, Hong Kong’s Hang Seng and Singapore’s Straits Times were all in the red |
| |
|
Ask Mint | FD, PPF? Insurance bond may be better (28 September 10:28) |
| Your investments should be based on your current needs and existing financial portfolio |
| |
|
Portable bank accounts (28 September 07:27) |
| With numerous procedures required to close and open a new account, customers find it painful to switch bank accounts even if they are unhappy with their current bank’s service |
| |
|
No need to tighten rules, says insurance regulator (26 September 07:48) |
| R. Kannan, a member of the Indian insurance regulator, IRDA, says there is no need to tighten rules as insurers in the country have not been hurt by the global financial crisis |
| |
|
Social networking, personal finance make online connect (25 September 10:02) |
| What Zibika aims to do is create a community of users around which a business model will be structured to offer online services as well as information |
| |
|
Suresh Mahalingam joins Tata AIG Life as Sr. VP & COO (25 September 02:52) |
| Prior to joining Tata AIG Life, he was general manager, sales and marketing with HDFC Standard Life Insurance |
| |
|
In future, even the car’s colour could determine the premium (22 September 12:45) |
| Rating factors could include driver’s age, gender, city where the vehicle is being driven, safety features and even on parking place |
| |
|
Management | Partnership firms: in line for tax treaty benefits (22 September 08:27) |
| Chiron was a limited partnership firm incorporated under Germany’s laws and had earned royalty and fees for technical services from an Indian company |
| |
|
Ask Mint | Ulips: creating wealth over the long term (22 September 07:47) |
| Ulips, provide the twin benefits of protection plus investment returns |
| |
|
Widening insurance reach key challenge (19 September 12:17) |
| Insurance Regulatory and Development Authority chairman J. Hari Narayan says health sector needs better regulation |
| |
|
Tata-AIG policyholders need not worry: Chidambaram (18 September 04:15) |
| AIG has two joint ventures in India in life and non-life insurance business with Tatas who own 74% stake in each |
| |
|
More household savings flow into bourses, mutual funds a big draw (14 September 11:22) |
| At least Rs77,000 crore worth of household savings was invested in shares and debentures last fiscal, up from some Rs51,000 crore in the previous year |
| |
|
Ask Mint | Some policies with cash value offer loan facilities (14 September 10:32) |
| If you have any loans outstanding at the time of your death or maturity of the policy, they will be deducted from your death benefit or the maturity benefit |
| |
|
Aviva Life Insurance ups capital base by Rs344 cr (11 September 12:53) |
| The firm plans to use the additional capital to explore new distribution networks and invest towards training programmes to improve productivity |
| |
|
Corporation Bank launches prepaid travel card (09 September 04:33) |
| The minimum loading amount for these cards is $200 and maximum $9,000 at any single instance |
| |
|
Save home lenders, save the world? (08 September 10:51) |
| The current US financial crisis bears a strong resemblance to the crisis that hit Japan at the end of the 1980s, and led to a decade-long slump that worried many American economists |
| |
|
Ask Mint | Review your life cover every year (08 September 12:45) |
| The insurance business in India isn’t just growing, but also becoming more sophisticated in terms of product offerings |
| |
|
A few health plans do cover alternative therapy (03 September 04:56) |
| Uniform pricing of medicines, line of disease management has led most others to limit coverage to allopathic treatment |
| |
|
LIC celebrates insurance week from 1-7 Sept (02 September 08:17) |
| India’s largest insurance company that has 23.39 cr policies under individual assurance and 5.10 cr lives under group insurance commemorates its 52nd anniversary |
| |
|
Ask Mint | Knowing the present value of future cash flows is useful (01 September 01:09) |
| The Rs1 crore that you would be getting after 30 years is as good as getting Rs5.70 lakh now |
| |
|
Ask Mint | Riders provide additional cover (01 September 12:15) |
| Additional charges for riders are normally lower than individual policies that provide the same benefits |
| |
|
IFBI to train 8,000 nationalized bank employees (31 August 11:23) |
| Training would be imparted in the use of IT technology and computers in all branches for core banking, Real Time Gross Settlement (RTGS) and money transfer |
| |
|
Shriram targets non-life insurers in Far East (28 August 12:35) |
| The group is looking at acquiring companies valued at Rs10-20 crore through its holding firm for financial services |
| |
|
SBI launches pension funds scheme (27 August 05:48) |
| The new pension scheme will cover around five lakh central and state government employees with an initial corpus of around Rs2,000 crore |
| |
|
Ask Mint | Invest or spend money, don’t keep it idle (25 August 12:47) |
| Today you can buy four pastries for Rs100, but maybe after five years you would be able to buy only two |
| |
|
Ask Mint | Banking entirely on group life cover isn’t wise (25 August 12:47) |
| The group insurance cover your current employer offers may cease the moment you leave that job. With an individual plan, the cover stays no matter where you work |
| |
|
Ask Mint | Home extension loans can also give you tax benefits (25 August 12:47) |
| Customers could avail up to 85% of the cost of extension by mortgaging the entire property and/or other security as may be required by the lender |
| |
|
Oil price decline offers a clear positive trigger (25 August 12:09) |
| A recovery on Friday in the evening session suggests markets are oversold in the short-run and, at least technically, some recovery is due this week |
| |
|
Banks up credit card finance charges to up to 50% (24 August 02:39) |
| These rates, between 35 and 50% at present, are charged on credit card users for payments made after credit- free period, which ranges from 15 days to two months |
| |
|
Smart investors have to wonder who’s dumb now (23 August 12:27) |
| Sophisticated investors should be able to understand an instrument’s risk and return characteristics, and have the ability to run stress tests on a security |
| |
|
Train tickets to be auctioned online (22 August 12:45) |
| Referred to as “instant ticketing on discounted rate,” the online bidding for train tickets is expected to bring down its prices |
| |
|
No-claim bonus on a motor policy is transferable (21 August 04:04) |
| However, you will have to pay back the bonus allowed on the unexpired period of insurance of your old vehicle from you in cash, if you aren’t selling your old car |
| |
|
SBI likely to finalise JV structure with IAG by next month (20 August 09:53) |
| Both parties signed an agreement in May this year to form a new company for the proposed insurance business |
| |
|
RBI says loan growth better than last year (19 August 11:02) |
| RBI raised its key lending rate to a seven-year high of 9% in July to rein in double-digit inflation |
| |
|
Ask Mint | A policy for sharing profits (18 August 12:07) |
| A “with profits” policy is one where the policy owner shares in the profits that the company makes and this is added to the benefit which is finally paid out to the policy holder |
| |
|
Bank unions’ stir on Monday to protest against SBI-SBS merger (17 August 12:24) |
| The stir called by the All India Bank Employees’ Association (AIBEA), would be joined by an officers association in the banking industry and an employee association of RBI |
| |
|
Flagstone Re keen to enter Indian non-life insurance sector (14 August 04:43) |
| The company expects to complete the deal and begin Indian primary insurance operations in non-life segment within a year and plans to invest $30 million in the venture to begin with |
| |
|
Rising costs mean fewer takers for corporate debt (13 August 12:21) |
| Corporate issuers of debt are hemmed in by the high inflation that’s eating into returns and spiralling interest rates |
| |
|
Indian Bank raises prime lending rate by 75 bps (12 August 12:17) |
| The central bank raised its benchmark lending rate, the repo, last month by 50 basis points to its highest in seven years at 9%, and also the cash reserve ratio |
| |
|
Ask Mint | Part of pension plan corpus can be withdrawn (10 August 11:47) |
| The person who proposes to insure must be a major and should be eligible to enter into a valid contract |
| |
|
Panel’s proposal needs careful study: Deora (10 August 11:43) |
| Deora, on his part, warned his ministry officials from jumping to conclusion that the recommendations will be accepted by the government and implemented |
| |
|
Barclays Bank launches ‘Kutumb’ savings account plan (08 August 06:42) |
| This plan can be availed of by a minimum of two and a maximum of five family members where each member gets a separate account |
| |
|
Indian vehicle makers take risky turn, rev up financing (07 August 10:30) |
| Interest rates on vehicle loans have risen by 2.0-2.5 percentage points over the past year |
| |
|
Banking by phone for the poor (07 August 12:38) |
| Grameen Solutions joins hands with Obopay Inc to launch pilot programmes in India and Bangladesh in October; aims to reach one billion people globally by 2018 |
|
