54.158.248.167  -  WOODBRIDGE,NEW JERSEY
CustBase
 
Follow Us
Facebook Twitter
  Login
24-09-2017
Best Seller
Or Product Of Month
AVIVA FAMILY INCOME BUILDER (AVIVAINDIA) - Aviva Family Income Builder Doubles The Premium Paid After A Period Of Time. This Is A Good Children Read More
AEGON RELIGARE TERM INSURANCE PLAN (AEGONRELIGARE) - AEGON Religare Term Insurance Plan, Which Ensures Protection For Your Loved Ones – At A Fraction Of Read More
Need An Insurance
Select Product
Interested in
























I have read the
Terms & Conditions and agree
to the terms there in
 
 
 
Insurance Agents Near By You
 
N SATHYA PRAKASH HYDERABAD, AP
SMS
VIJAY SINGH GURJAR DAUSA, RJ
SMS
SATISH  BHALERAO PUNE, MH
SMS
PREM KUMR JHA NOIDA, UP
SMS
SARBENDU BOSE KOLKATA, WB
SMS



 
Help me
I Want
Pin Code / Locations
News Now
Life Insurance Premium to Cost More
Life Insurance Premium to Cost More after Finance Minister Pranab Mukherjee said in his 2011-12 Budget speech

The government today proposed to increase the service tax on life insurance policies to 1.5 per cent from 1 per cent, a move that would increase the premium cost for policyholders.

″It is being provided that tax shall be charged in the portion of the premium... the composition rate is also being increased from 1 per cent to 1.5 per cent,″ Finance Minister Pranab Mukherjee said in his 2011-12 Budget speech.

In case of traditional endowment plans, the service tax rate has been increased from 1.03 per cent to 1.545 per cent.

  
Read More -->
Source : http://www.custbase.com
More News Headline
  Irda Seeks More Info From Magma Fincorp (2010-09-02)
Non-banking Financial Company (NBFC) Magma Fincorp’s Plans To Foray Into Non-life Insurance Space May Take Longer Than Expected. The Insurance Regulatory And Development Authority (Irda) Has Sought More Information On The Financial Statement Of 2009-10 Submitted By The NBFC.   Read More -->
  New Ulip Norms Will Boost Customer Confidence: FM (2010-09-02)
Finance Minister Pranab Mukherjee Today Said The New Guidelines For Unit-linked Insurance Products (Ulips) Will Boost Investor Confidence And Draw More Customers To Such Schemes.   Read More -->
  Market Plus Now Pension Plus : LIC (2010-09-02)
LIC Has Redesigned Its ″Market Plus″ Scheme As ″Pension Plus″. The Product Will Be Available To Policyholders From Tomorrow Sep 01 2010   Read More -->
  Kotak Life Launches 2 New Ulips (2010-09-02)
Kotak Life Insurance Today Launched Two New Unit-linked Insurance Plans (Ulips) -- Kotak Secure Invest Insurance And Kotak Wealth Insurance-meeting The New Irda Guidelines.   Read More -->
  ULIP New Face : Investor Freindly (2010-09-02)
Irda Has Now Repositioned Ulips As Long-term Protection Contracts. In The Process, It Has Eliminated Excess Charges In The System. It Has Capped The Difference Between Gross And Net Yield, Reduced Surrender Penalty, Mandating Higher Risk Cover And Increased The Lock-in Period.   Read More -->
Previous Month News
  Birla Sun Life Insurance Ties-up With Suvidha Infoserve For Premium Payment (2010-08-31)
Birla Sun Life Insurance (BSLI) Announced Its Tie-up With Suvidha Infoserve Pvt. Ltd., Today. This Tie Up Will Enable Over 2.3 Million Policyholders Of BSLI To Make Their Premium Payments In Cash/cheque At Any Of The 22,000 Suvidha Outlets Located Close To Them.   Read More
  ING Life Launches ‘Pick Ur Advisor' In Madurai, Salem And Trichy (2010-08-31)
ING Life India, Part Of The ING Group, Today Announced The Launch Of ‘Pick Ur Advisor', A New Online Initiative That Helps Customers Pick A Financial Advisor Based On Their Preferences For The Cities Of Madurai, Salem And Trichy. As A Part Of This Service, A Life Insurance Industry First, Customers Can Log On To Www.pickuradvisor.com And Handpick The Advisor They Would Like To Get In Touch With. Customers Can Pick Their Preferred Advisor Based On Location, Languages Spoken By The Advisor, Qualifications And The Advisor's Tenure With ING Life.   Read More
  SHCIL Rolls Out ‘New Pension System' (2010-08-31)
Stock Holding Corporation Of India, A Leading Financial Services Company, Has Been Appointed As ‘Points Of Presence' (POP) For ‘New Pension System' (NPS) By ‘Pension Fund Regulatory And Development Authority' (PFRDA). SHCIL's Designated Branches Will Offer The Full Spectrum Of NPS Services To All Citizens.   Read More
  Aegon Religare Life Insurance Launches Fixed-Benefit Health Plan (2010-08-31)
Aegon Religare Life Insurance Launched Its New Fixed-benefit Health Insurance Plan Called AEGON Religare Health Plan. This Plan Offers Several Unmatched Benefits Such As Coverage Of All Surgeries, Guarantees Payment In Case Of Claims And Cashless Facility In Over 3,000 Hospitals.   Read More
  A First Of Its Kind Term Policy Designed To Provide Cover Even If Insured Stop Paying Premium (2010-08-31)
Max New York Life Insurance Has Launched ‘Platinum Protect', A Novel Term Plan, Thereby Enhancing Its Product Portfolio Of Risk Protection Solutions. Through This Term Plan, Max New York Life Insurance Has For The First Time Introduced A Unique Feature Of ‘Reduced Insurance Cover' In The Indian Market. In Longer Duration Plans Of More Than 20 Year Policy Term, Policyholders Will Now Be Able To Enjoy Continued Protection Coverage From The 16th Year Onwards Even If They Chose To Not Make Further Premium Payments.   Read More
  IRDA Issues Circular On Medical Insurance Policies And Cashless Facilities (2010-08-31)
In Order To Ensure That The Interests Of The Policyholders Are Not Adversely Affected, At Times When A Change In PPN Is Effected, The Insurers Are Directed To Inform The Policyholders At All Times, The Nearest Possible Alternative Hospitals Where The Cashless Facility Is Available And The Conditions Thereof.   Read More
  IDBI Fortis Life Insurance Is Now IDBI Federal Life Insurance (2010-08-31)
IDBI Fortis Life Insurance Company, In Association With Federal Bank, Has Changed Its Name To IDBI Federal Life Insurance Company, In Association With Ageas. The Company Has Completed All Legal Formalities For Change Of Name And Has Already Obtained The Approval Of The Registrar Of Companies And Insurance Regulatory And Development Authority (IRDA).   Read More
  LIC Crosses One Crore Individual Policies Mark In Current Financial Year (2010-08-31)
Life Insurance Corporation Of India, India's Largest Life Insurer, Has Crossed The Mark Of One Crore Individual Policies For The Current Financial Year, With First Premium Income Of Rs 15917 Crore In The Fortnight Ended 14 August 2010. In The Previous Year, LIC Had Crossed This Landmark On 31 August 2009.   Read More
  Not Much Room For Differentiation Between ULIP Products (2010-08-31)
The New Guidelines On ULIPS Which Will Be Effective From September 1st Onwards Will Bring About Standardization/ Uniformity In ULIPS In Terms Of Minimum Prescribed Return, Cost Structure, Lock In Period And Surrender Charges.   Read More
  Policyholders′ Protection Fund (2010-08-22)
The Premium Growth Of The Insurance Industry, Following The Liberalization Of The Insurance Markets In 2000 Permitting The Entry Of Private Indian Promoters And Their Minority Shareholding Foreign Partners; Has Been Showing Signs Of Unrestrained Dynamism. The Detariffing Measure Implemented Since 2007 In The Non-life Insurance Industry, And The Introduction Of ULIPs In Life Insurance; Have Added More Spice To The Competitive Growth Instincts Of The Insurers. There Has Been No Looking Back For The Insurers Ever Since, Despite The Mounting Underwriting Losses.   Read More
  Challenges In Claims Management (2010-08-22)
Insurance Is A Business Of Credibility And Trust. Being An Intangible Service That Deals With Future Contingencies, It Is Also A Complex Subject Where Domain Knowledge Is Important. This Is Particularly So In Claims, As Many Claims Which Are Reported, Are Often Found To Be Unique Because Multiple Factors Combine To Play When An Unforeseen Event Takes Place.   Read More
  L&T Registered As General Insurance  (2010-08-22)
L&T General Insurance Company Limited, A General Insurance Company Promoted By Larsen & Toubro, India Has Been Registered As A General Insurer Under Section 3 Of The Insurance Act, 1938 With The Authority.   Read More
  Pre Recruitment Examination For Insurance Agents. (2010-08-22)
In Order To Streamline The Examination System Of Pre Recruitment Examination For Insurance Agents, The Authority Has Decided That Insurance Institute Of India And NSE-IT Shall Computerize All The Remaining Examination Centers In The Country By 31st March 2011. For This Purpose The Two Organizations I.e., III And NSE IT Shall Enter Into An Agreement Along With IRDA.   Read More
  Transparency Of The Insurance Advertisements (2010-08-22)
Where Any Insurance Advertisement Highlights The Benefit Of Guarantees, A Clear Disclosure Of The Underlying Conditions Under Which The Guarantee Operates Must Be Made, Wherever Applicable. In All Such Cases, All The Conditions (including Cost Of Guarantee, Charges) Under Which The Guarantee Operates Need A Prominent Mention. If The Underlying Conditions Are Very Elaborate, The Text/wording On Guarantee Must Be Accompanied By The Phrase “Conditions Apply” In A Font That Is At Least 50% Of The Font Used To Highlight The Guarantee. These Conditions Must Be Distinctly Mentioned In A Legible Font Beneath, Not Making It Part Of Other Applicable Disclosures.   Read More
  Buying A Policy In India Is Cheaper (2010-08-13)
Students Going Abroad For Studies Need To Have An Insurance Cover. And The Good News Is That Purchasing The Cover In India, If The Country Or The University Allows You To Do So, Is A Cheaper Option.   Read More
  Returns On Ulip Pension Plans (2010-08-13)
The Insurance Regulatory And Development Authority (Irda) Has Stuck To Its Guns On Returns From Unit-linked Pension Plans. Despite Several Representations From The Industry, The Regulator Has Decided That Insurers Will Have To Provide Guaranteed Returns Of 4.5 Per Cent On Gross Premiums Until March 11, 2011.   Read More
Archive News Related to Insurance
  Life Insurance Business Zooms In Q1 (2010-07-29)
The Life Insurance Industry Has Gained From The Uncertainty Over Regulation Of Unit-linked Insurance Plans (Ulips), The Investment-cum-insurance Products, During The First Quarter Of The Financial Year.

According To Data By The Insurance Regulatory And Development Authority (Irda), The New Business Premium Income Of Life Insurance Companies Went Up By 77 Per Cent In The First Quarter. Income From Selling New Policies Went Up To Rs 25,522 Crore As Against Rs 14,456 Crore In The Corresponding Period Last Year.   Read More -->
  ING Life Launches A New ULIP – ING Prospering Life (2010-12-28)
ING Life India, In Its 10th Year Of Operations, Today Launched A Versatile New Unit Linked Insurance Product, Which Meets The Wealth Accumulation And Protection Needs Of Customer.   Read More -->
  SBI Life – Smart Horizon ULIP Plan (2011-01-31)
The Uniqueness Of The Product Stems From The Proprietary Automatic Asset Allocation (AAA), An Algorithm-based Active Investment Allocation Mechanism   Read More -->
  Surveyor - May 2011 Examination (2011-01-28)
Applicants Enrolled With Insurance Regulatory & Development Authority (IRDA) As Trainee Surveyors Upto June, 2010 Are Required To Submit Their Quarterly Training Reports With The Authority. Also Advised To Download The Application Form For Insurance Surveyors Examination And Submit The Same Along With The Requisite Fee.   Read More -->
  LIC Plans To Enter Reverse Mortgage Space (2010-06-18)
LIC Plans To Enter Reverse Mortgage Space   Read More -->
  Insurance : Guaranteed, But Low Returns On Pension Plans (2010-06-28)
A Pension/annuity Plan Will Offer Guaranteed Annual Returns Of 4.5 Per Cent — Just 1 Per Cent More Than The Savings Deposit Rate Of 3.5 Per Cent. This Rate Could Change At A Later Date. Also, Partial Withdrawals From Pension Plans Will Not Be Allowed During The Accumulation Phase. At Maturity, One-third Of The Amount Will Be Commuted. The Rest Will Have To Be Used To Purchase An Annuity. The Same Will Be Applicable In Case A Policy Is Surrendered. Though The Rate Of Return Specified In Pension Plans Is Low, Banning Of Partial Withdrawal Is A Positive Move Because Buyers Of Pension Plans Need To Look At Long-term Planning.
It Is Not Yet Clear Whether The Guaranteed 4.5 Per Cent Is Simple Interest Or Compounded. However, Financial Planners Feel The Rate Of Return Is Low, Given That A Five-year Reserve Bank Of India Bond Or Six-year National Savings Certificate Offers Eight Per Cent .   Read More -->
  Irda Suspends Universal Policies (2010-11-09)
The Insurance Regulatory And Development Authority (Irda) Has Suspended Sale Of Universal Life Policies (ULPs), Which Were Being Promoted As An Alternative To Unit-linked Insurance Plans, From October 23   Read More -->
  Insurers Can Take Over Loans Of Only Govt-guaranteed Projects (2010-11-09)
Life Insurance Companies May Be Allowed To Take Over Banks Long-term Infrastructure Loans.   Read More -->
  IndiaFirst Leads In Number Of Policies Upto Dec 2010 (2011-01-28)
IndiaFirst Insurance Has Grown On Both Single Premium And Non-Single Premium Life Policies. As Compared To The Period Ending Dec, 2009 They Had Sold 479 Single Premium Policy Were As For Ending Dec 2010 The Group Has Sold 10753 Individual Single Policies. This Is 10 Times Growth.   Read More -->
  Canara HSBC Oriental Bank Of Commerce Life Insurance Future Smart Plan (2011-01-20)
Future Smart Plan Is A Unit Linked Insurance Plan That Provides Long-term Investment Opportunity To Build A Bright Future For Your Child.   Read More -->
  Car Insurance Gets Costlier On Rising Collisions (2010-06-07)
Buyers And Existing Owners Of Cars Could Be In For A Shock. Reason: Premiums Of Motor Insurance, Both Renewals And New Cars, Are Going To Rise By 10-25 Per Cent. Some Companies Have Already Raised Their Rates.   Read More -->
  Reliance General Decline By 22% Over Last Year (2011-01-28)
On The Non-Life Insurance Sector Every General Insurance Company Has Performed By A Growth Of 20% Or More Except Reliance General.Raheja QBE Has Grown 300% Compared To Last Year.   Read More -->
Your Feedback To Us
(Rated 4 Stars From165 Users)
 
 
Advertisement