Facebook India MD Ajit Mohan grilled by parliamentary panel for two hours Sebi eases disclosure requirements on shares encumbered for margin obligations Chinese app ban: Here’s how big PUBG was in India … [Read more...] about Sachin Bansal eyes buyout of Kishore Biyani’s Future Generali Life Insurance
Million dollar whole life insurance
Earlier in this calendar year, we had reduced our weight in equities in our hybrid funds, after having been overweight for an extended period. The concerns were more on market valuations, in the context of uncertainty over growth and corporate earnings, and our view was that it would be difficult to sustain the high level of valuations in the absence of growth. The expectations on earnings growth have now been pushed forward by one full year, with FY21 likely to be only a flattish one in terms of corporate earnings, assuming a return to normalcy in a couple of quarters. We would await stock-specific lower levels for adding to the equity exposure, particularly in light of the recent bounce-back. Within equities, we have around 80 per cent in large-cap and 20 per cent in mid-caps, and we may be continuing with the same. … [Read more...] about Exposure to sub AAA-rated bonds much lower in the insurance sector: Exide Life
HDFC Life has always been at the forefront of digital forays. We have stopped cash premium collection long back. A lot of sales and service processes had already moved online. Over 90 per cent of our renewals come through the online mode. So, for us, the digital adoption is already so high that the shift will not be dramatic. For customer convenience, we have been working over the last few years to see how everything can migrate entirely to digital – in terms of online sales, renewals and claims processing – wherever possible. … [Read more...] about We are closely monitoring persistency and surrenders at the company level: HDFC Life
But merely buying a life insurance policy isn’t enough. As policyholders, you should ensure that the money reaches the right person after you pass on. This depends on how you have registered your legal heirs in your policy documents, your Will (if you’ve written one) and whether or not you’ve taken any loan against this policy. The person who goes to the insurance company to make a claim has to also inform the firm of her capacity earlier mentioned in your insurance policy. … [Read more...] about Who gets the insurance money if a policyholder dies?
“The change in rates was imperative. However, the time of cut is not good, as all the residents are facing the COVID-19 (crisis),” said Ghosh. The hardest hit will be senior citizens. According to SBI’s estimates, there are around 4.1 crore senior citizen term deposit accounts in the country totalling to Rs 14 lakh crore. “Hence it is imperative that the government exempts interest income from taxes, particularly for SCSS, for which the government has reduced interest rate from 8.6 per cent to 7.4 per cent, a whopping 120 bps decline,” Ghosh said in the report. Pradeep Sali, 60, a Mumbai-based depositor who has consistently invested in small-saving schemes to plan for his retirement, agrees. Small depositors apart, the reduction will also lead to the NSSF coming under pressure. “Thus, the efficacy of small savings for financing fiscal deficit becomes questionable,” Ghosh said. … [Read more...] about Small saving schemes: Taking on the might of MFs and insurance products