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 […]
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 […]