Tata AIG Life launches two limited pay unit linked solutions

Tata AIG Life Insurance Company Limited today announced the launch of two new products – Tata AIG Life Insurance InvestAssure Gold Supreme, a non-participating Whole Life Unit Linked Insurance plan and Tata AIG Life Insurance InvestAssure Maximizer, a non participating Endowment Unit Linked Insurance plan. Read more

Munich Re posts quarterly loss of €948m due to heavy claims burdens

Owing to exceptionally high costs for natural catastrophes, Munich Re posted a consolidated loss of €948m for the first quarter of 2011 (previous year: profit of €485m). Despite this quarterly loss, Munich Re still expects to record a profit for the current financial year. Read more

IndiaFirst Life Insurance starts its first Financial Planning Centre in Chennai

 Present in Tamil Nadu through close to 250 outlets of its partner banks 
 Generated a total business of Rs. 25 crores from Tamil Nadu in its first 500 days of operations through Bancassurance
 Advisors to contribute 30- 40 percent of the business over a period of 3-4 years with the launch of the FPC Read more

Kotak Life becomes first Life Insurance company in India to train Advisors to become Certified PFAs

In a first of its kind initiative by a Life Insurance company in India, Kotak Mahindra Old Mutual Life Insurance Limited (Kotak Life Insurance) today launched a programme to enable life advisors and employees in advisory roles become Certified Personal Financial Advisors (CPFAs). National Institute of Securities Markets (NISM), an educational initiative by the Securities and Exchange Board of India (SEBI) will provide curriculum and knowledge support to Kotak Life Insurance.

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