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May 25, 2012
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| India Infoline Weekly Newsletter - May 25, 2012 |
| India Infoline News Service/18:41,May 25, 2012 |
| Whether UPA II manages to improve its scorecard in the remaining two years of its term is anybody’s guess. Things have not exactly been rosy for the Congress-led regime, and the biggest victim of the policy paralysis has been the rupee. |
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| Magma HDI General enters insurance sector |
| India Infoline News Service/09:52,May 25, 2012 |
| Magma HDI General was promoted by Magma Fincorp Ltd, Celica Developers Pvt Ltd, Jaguar Advisory Services Pvt Ltd, and HDI Gerling Industrie Versicherung AG |
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May 24, 2012
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| Fund managers exit BHEL on weak order book |
| India Infoline News Service/17:16,May 24, 2012 |
| In March 2011, mutual funds held 7.03% share in BHEL, which has declined to 5.89% in December 2011 |
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| IRDA: Traditional plans to acquire surrender value before completing 3 yrs |
| India Infoline News Service/17:06,May 24, 2012 |
| If the policyholder has a premium payment term of less than ten years, then he would be eligible for a GSV by the end of second year |
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| IOB: Little chance of further rate cuts by RBI |
| India Infoline News Service/16:07,May 24, 2012 |
| Indian Overseas Bank said that given the inflation, there’s a little chance of further more cuts |
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| IRDA to issue guidelines on non-unit linked insurance products |
| India Infoline News Service/15:54,May 24, 2012 |
| The regulator has already circulated a draft within the industry inviting comments on it and would issue guidelines after considering the suggestions |
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| SEBI passes consent order on ICICI Bank |
| India Infoline News Service/14:45,May 24, 2012 |
| ICICI Bank has paid Rs. 10 million towards settlement charges. |
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| SEBI: Route tax-saving Rajiv Gandhi Equity Savings through MF |
| India Infoline News Service/14:39,May 24, 2012 |
| According to SEBI, the first time investors may not have adequate information about the stock market |
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| PMS business grows 118% to Rs. 5.14 trillion in April 2012 |
| India Infoline News Service/13:52,May 24, 2012 |
| The average value of a client’s portfolio grew 120% to Rs. 63 million in April 2012 against Rs. 29 million in April 2011 |
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| Smaller cities invest more in mutual funds in second half of FY11-12 |
| India Infoline News Service/13:17,May 24, 2012 |
| Smaller cities contributed Rs. 75 billion more to the industry's AUM during the second half of the previous financial year |
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| New India Assurance to pay Rs. 60,000 for rejecting mediclaim |
| India Infoline News Service/12:33,May 24, 2012 |
| The public sector general insurer has failed to reimburse expenses worth Rs. 45,252 of Shiv Kumar Gupta on his son's hospitalisation |
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| General insurers find tough to market insurance plans in rural areas |
| India Infoline News Service/12:15,May 24, 2012 |
| The penetration of health insurance in urban areas is more due to high level of awareness and advance medical infrastructure |
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| “Demand for specialist insurance & reinsurance is growing”, says Lloyd’s |
| India Infoline News Service/11:36,May 24, 2012 |
| Lloyd’s has reported a 28 % growth to $199 million from $142 million in its gross written premiums from India over the last three years |
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| Making investment is not “one-time process” |
| India Infoline News Service/09:31,May 24, 2012 |
| Keeping a track on your investments regularly is necessary to understand how they are doing so that you can buy or sell at the right time |
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May 23, 2012
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| Private insurers collect premium of Rs. 11.25 billion in April |
| India Infoline News Service/17:33,May 23, 2012 |
| First-year premium underwritten by life insurers decreased 2.5% to Rs. 49.36 billion in April 2012 |
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| IRDA finds irregularities in insurance operations of SKS Microfinance |
| India Infoline News Service/17:13,May 23, 2012 |
| The insurance regulator had conducted inspections in the micro-finance institution for a long time. |
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| Life Insurance Council to give views on ban on loans against ULIPs |
| India Infoline News Service/16:42,May 23, 2012 |
| To make the ULIPs more attractive, the loan feature was introduced, with the interest rate benchmarked against the base rate offered by banks |
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| FirstRand Bank offers savings accounts rate at 7.25% |
| India Infoline News Service/13:31,May 23, 2012 |
| FirstRand Bank recently opened its first retail branch in Mumbai |
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| Private insurers making efficient usage of space |
| India Infoline News Service/13:13,May 23, 2012 |
| Top private life insurers have closed down branches to cut costs and enhance efficiency |
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May 18, 2012
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| IRDA bans advance premium payments beyond 1 month |
| India Infoline News Service/11:38,May 18, 2012 |
| In case you have opted for monthly premium payment mode, now you will be allowed to pay only three months premium in advance on the date of commencement of the policy |
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