Clearing air on various types of insurance plans. Insurance customers are often not clear about the distinction between different types of insurance products. For instance, people often confuse between accident insurance and life insurance. Several such products often overlap, leading to confusion for customers on what to buy and what is actually suitable for them. […]
Hannover Re to offer reinsurance cover for Pradhan Mantri Suraksha Bima Yojana
Hannover Re to offer reinsurance cover for Pradhan Mantri Suraksha Bima Yojana. Hannover Re, the world’s third largest reinsurer, has decided to offer reinsurance cover for the Pradhan Mantri Suraksha Bima Yojana (PMSBY) to encourage insurance companies to participate in the scheme. The global reinsurer is in talks with several Indian insurers for this purpose, […]
Government using Amitabh Bachchan in a big way to push programmes
Government using Amitabh Bachchan in a big way to push programmes. After being out of favour in government advertisement campaigns for over a decade of UPA rule, Bollywood legend Amitabh Bachchan is back with a bang. The NDA launched the iconic actor in two advertisements and one campaign for the Narendra Modi government in the […]
10.17 cr people enrolled under 2 social security schemes: FM
10.17 cr people enrolled under 2 social security schemes: FM. Two lakh people have joined Atal Pension Yojana, too, says Arun Jaitley Over 10 crore people have been enrolled under the two social security schemes launched by Prime Minister Narendra Modi in May. On 9 May, Modi had launched two insurance schemes—Pradhan Mantri Jeevan Jyoti […]
PM’s social securities schemes evokes good response in Gujarat
PM’s social securities schemes evokes good response in Gujarat. Merely 20 days after launching three social security schemes, two of the schemes launched by Prime Minister Narendra Modi have seen enrollment by more than 3.85 million people in Gujarat till May 26, 2015. According to the data shared by the State Level Bankers’ Committee (SLBC), […]
Pension watchdog eyes Atal Pension Yojana to boost New Pension System corpus by Rs 50K crore
Pension watchdog eyes Atal Pension Yojana to boost New Pension System corpus by Rs 50K crore. Pension fund regulator PFRDA is hopeful of increasing the corpus of New Pension System (NPS) by Rs 40,000-50,000 crore by the fiscal-end, driven by subscription to a newly launched social security scheme. The Centre has launched Atal Pension Yojana […]
NPS corpus grew by ₹25000 cr in 2014-15, says PFRDA chief
NPS corpus grew by ₹25000 cr in 2014-15, says PFRDA chief Expects assets under management to grow this year by ₹40,000-50,000 cr The subscriber base of the National Pension System (NPS) increased by about 18 lakh and its corpus grew by about ₹25,000 crore in FY15, according to Hemant Contractor, Chairman, Pension Fund Regulatory and […]
Making financial inclusion viable
Making financial inclusion viable Recently launched social schemes can improve business for rural banking outlets Financial inclusion has been high on the Modi-led Government’s agenda. Apart from mandating banks to open more accounts in rural areas, the Centre is also pitching to make financial inclusion initiatives more viable this time around. For one, the government’s […]
Should you invest in Pradhan Mantri Jeevan Jyoti Bima & Suraksha Bima Yojana?
Since the target audience for these schemes is a low strata of the society, it is not advisable for those belonging to the middle class or upper middle class, whose life insurance needs are much more. Prime Minister Narendra Modi announced three major social security schemes which would an an extension to Pradhan Mantri Jan-Dhan […]
Centre’s insurance schemes a huge success in Goa
More than ten per cent of bank account holders in Goa have enrolled themselves for the Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojana (APY), according to latest information received by ‘The Navhind Times.’Actual percentage may even be higher, as of the 22.75 lakh bank account […]