Birla Sun Life Insurance launches ULIP pension plan

Birla Sun Life Insurance has launched its non-participating unit-linked pension plan ‘Empower Pension.’

The plan enables customers to accumulate their premiums and investment returns into a corpus for their retirement needs in the accumulation phase. In the vesting phase, this corpus would be used to purchase annuity, which ensures a stream of regular income payable for the rest of their lives. Read more

Firms optimistic about a future ‘insured’ by regulatory changes

Year 2012 wasn’t the best for Indian insurers, bogged by several regulatory changes and slowing in premium growth. However, company executives hope the situation would see some improvement in the next year, especially with some stability expected on new product guidelines and bancassurance. Read more