India
LIC Plans To Expand In Foreign Markets
Life Insurance Corporation (LIC) today said it plans to expand in foreign markets and agents will start from next month segment, as the insurance industry is experiencing a de-growth. “The insurance industry is in a state of flux. Now is the time for us to redefine and create a stir not only in India but [...]
Rakesh Singh Now New Chairman Of LIC :Finance Ministry
End months of indecision, the government is prepared to appoint a full-time president of the insurance giant LIC in the next 10 days, a Finance Ministry official said. “I say it is very early, which could be a week or 10 days”, the Financial Services Secretary DK Mittaltold select group of journalists here during the [...]
LIC Plans To Add Rs.300 Billion Worth Of Stock In 2011
Life Insurance Corporation of India, the largest insurer, bought 150 million rupees ($ 3.2 billion) of shares between April and August, and plans to add 300 million rupees from the March 31 and markets remain volatile, according to President DK Mehrotra. “We found some good opportunities in the market during the recent declines,” said Bloomberg [...]
Max New York Life Insurance To Launch New Products, Hire 23,000 People
Jaipur private insurer Max New York Life Insurance (MNYL) plans to launch three new insurance products this fiscal year to boost growth. The company has already launched four products this year to make the total count to 22. MNYL Group Managing Director and CEO Rajesh Sud told ET that the company examines customers’ needs before [...]
India’s Reliance Capital Q1 Profit Falls 55 Pct
India Reliance Capital Ltd (500111.BY) on Saturday, fell 55% in its consolidated profit for the fiscal first quarter, hurt by rising interest rates in the economy. Benefits for the diversified financial services company for the quarter April to June stood at 348 million rupees INR770 million a year earlier, the company said in a statement. [...]
Ford Plans To Invest $ 1 Billion To Build A Plant In India
Ford Motor Co said on Thursday said it will invest $ 1 billion to build a factory in western India, doubling its investment in the country as the U.S. automaker seeks to acquire a larger share in the second fastest growing market in the automotive world. Several vehicle manufacturers in India, such as Toyota Motor [...]
Cairn India Q1 Profit Rises On Higher Output
Cairn India Oil explorer reported a nearly 10-fold jump in quarterly profit on increased performance and said it would seek shareholder approval of the conditions set by the government of India’s agreement with Vedanta Resources. Last month, has given conditional approval to India’s Vedanta Resources to buy 40 per cent stake in Cairn India in [...]
Auto Industry To Invest Rs. 2,50,000 Crore Over Next 10 Years
Government of India, said recently that India’s auto industry is expected to invest around INR 2,50,000 crore in the next 10 years, when the segment is estimated at four wheels touch 10 million units per year. Minister of Heavy Industries and Public Enterprise, Mr. Praful Patel said that “There will be a significant investment INR [...]
Bharti AXA Life Insurance Introduces Monthly Income Plan
Private insurer Bharti AXA Life Insurance today launched a classic sharing plan money back – “Bharti AXA Life monthly income Plan” . “Bharti AXA Life Plan monthly income is the first regular monthly income to our portfolio. This is in line with our brand positioning of “Jeevan Suraksha ka Naya Nazariya” which customer focus and [...]
Why Women Need Life Insurance?
Nature has created men and women differently, but the reason for buying life insurance remains the same. Men and women buy life insurance to protect their families, replace lost income if he / she dies, to provide own retirement, fund long-term needs such as parenting and marriage and pay mortgages. But here’s the difference. While [...]