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ANNUITY PRODUCTS
ICICI Life Q2 net profit rises 25% on better product mixIn the latest financial report, ICICI Life Insurance announced a remarkable 25% increase in net profit for the second quarter, reaching ₹37...- LIC to launch three new insurance plans on October 19, 2026: Annuity, health insurance and cancer cover to go on offerLife Insurance Corporation of India is set to introduce three new insurance products on October 19, 2026. The offerings include LIC’s New J...
- NFO Alert: Mirae Asset Mutual Fund launches Mirae Asset Life Cycle Fund 2056Mirae Asset Mutual Fund launched the Life Cycle Fund 2056, an open-ended scheme with a predetermined maturity and mandatory glide path. The...
- First-ever full toll suspension: Expressway develops defects weeks after opening; NHAI bans concessionaire for 3 years, seeks Rs 42 lakh daily compensationNHAI PNC Infratech Ban: Following the inauguration of the Kanpur-Lucknow Expressway, significant defects were reported, prompting the Natio...
- He trusted Canara Bank for 31 Years, then was sold a life insurance plan that pays at age 93; IRDAI orders Rs 4 lakh refund and ₹1 crore fine for mis-sellingIRDAI has imposed a ₹1 crore penalty on Canara HSBC Life Insurance Company over the sale of a deferred annuity policy to an 88-year-old cus...
- AI alone won’t close India’s insurance gap as NITI Aayog seeks industry help to reach the ‘missing middle’To effectively narrow the insurance gap in India, collaboration between government and private entities is crucial, as technology alone is ...
- ₹1 crore penalty on Canara HSBC Life Insurance Company over mis-selling of a deferred annuity policy to an 88-year-old senior citizenAn 88-year-old was sold a deferred annuity policy despite age restrictions, leading to a Rs 1 crore penalty for Canara HSBC Life. IRDAI fou...
- Canara HSBC Life fined Rs 1 crore for mis-selling policy to 88-yr-old via Canara BankCanara HSBC Life Insurance Company received a ₹1 crore penalty from IRDAI. The fine was imposed for mis-selling a deferred annuity policy t...
- Global Fintech Fest 2026: PFRDA plans inflation-linked bonds to offer inflation-protected pension returnsIndia's pension regulator is developing innovative bond issuances for inflation-protected returns. Guidelines for these new products are ex...
- These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analystsGiven the possibility of hostilities resuming in the Gulf region, focus on risk management in the market. Why? Because fresh hostilities wi...
- Protection, annuity more relevant in insurance products: Sumit Madan, MD & CEO, Axis Max LifeWhile things are changing, insurance is still seen as a bit of a savings and tax product. We are focusing on making protection and annuity ...
- In 1787, William Smith began mapping England as a surveyor’s assistant; 28 years later, his travels produced the first geological map of an entire country, only for him to land in debtors’ prisonIn 1787, William Smith began mapping England as a surveyor’s assistant. Twenty-eight years later, his endless travels produced the world’s ...
- Maryland man wins $1 mn Massachusetts Lottery but gets $650,000 only. Here's whyDuring a family visit, a lucky Maryland resident hit the jackpot, winning a million dollars in the lottery. Opting for a cash payout, he re...
- Income tax for senior citizens: No salary after retirement? These 7 incomes can still attract tax; know what is exemptRetirement is not synonymous with tax freedom. Your pensions, interest income, rental earnings, and capital gains may still incur taxes. It...
- These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analystsWhat is volatility? There is, of course, a mathematical definition. Then there is the human definition, which is how investors feel it. In ...
- BRICS nations need stronger frameworks to mobilise private capital at scale: Nirmala SitharamanNirmala Sitharaman urged BRICS nations to foster stability for attracting private capital. Multilateral development banks can de-risk inves...
- LIC weighing plans to invest in health insurance, fintech: R Doraiswamy, CEO, LICLIC said the government’s ₹31,552-crore offer for sale reflects investor confidence and helped achieve 10% public shareholding. The insurer...
- Variable annuity products set to enter markets in 2-3 monthsThe Insurance Regulatory and Development Authority of India (IRDAI) has announced a new rule allowing insurance companies to offer variable...
- Our business from policies above Rs 5 lakh is down by 10%: Kamlesh Rao, Aditya Birla Sun Life Insurance"The business from policies with premiums higher than Rs 5 lakh is down by an absolute 10%. The number of policies has grown by 20% and we ...
- Irdai ask insurers to offer standard annuity product Saral Pension from April 1Indian life insurance market currently has several individual immediate annuity products marketed by life insurers, with each product havin...
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