Fourth South Asian Regulators’ meet
According the insurance experts, there is a need to highlight the need for insurance and provide right solutions to spread Read more
SBI LIFE INSURANCE
SBI Life declares tablet-based digitization service
SBI Life Insurance has introduced ‘Connect Life’, a tablet-based service to digitize the entire documentation process with the aim Read more
SBI Life Insurance – Smart Income Protect
Introduction:
SBI Life – Smart Income Protect is a savings plan with added advantage of life cover and regular cash inflow at the time you need. It is a participating traditional plan where you continue to pay your regular premiums over a period of 5, 10 or 15 years. Thereafter your payout period starts, where you get guaranteed regular annual payouts over a period of 15 years, meeting your various financial obligations.
Read moreHaryana imposes 3-year ban on SBI Life Insurance
The Haryana government has black listed the SBI Life Insurance Company Limited and debarred it for three years from doing any business with the state or any of its departments, public sector undertakings or autonomous bodies. Read more
Life insurance persistency good in first year, not in the long term
Life insurance companies are witnessing healthy growth in persistency in short period of one-year however, that is not the case in long term. As per data on persistency for the financial year 2011-12, insurers registered an average of 64.4 per cent policies renewed in second year, it was 64.3 per cent in last year. However, the average persistency ratio for fifth year was 46.5 per cent, which was 48 per cent in previous year. Read more
SBI Life Insurance unveils ‘Smart Income Protect’ savings plan
Private insurer SBI Life Insurance  launched a guaranteed traditional savings plan, Smart Income Protect, offering a tax-free regular income. Smart Income Protect offers regular income at the guaranteed rate of 11 percent of sum assured or paid sum assured for next 15 years after maturity, SBI Life Insurance said in a release issued here. Read more
SBI Life Insurance is the Most Trusted Private Life Insurance Brand, 2012
SBI Life Insurance, the leading new generation life insurer has been rated as the “Most Trusted Private Life Insurance Brand,  2012â€, for the second consecutive year as per the Economic Times Brand Equity – Nielsen Survey. Read more
SBI Life Insurance to launch four new products
SBI Life Insurance will soon be launching a host of plans across savings, protection and pension platforms. The products have been filed with the Insurance Regulatory and Development Authority (IRDA) for approval.
Atanu Sen, MD & CEO, SBI Life said, “We would shortly be launching four new products, subsequent to IRDA approval. These plans include a family income protection plan, monthly income savings plan, traditional pension plan and market linked plan (ULIP) targeting younger audience. Read more
SBI Life Insurance buys nearly 31 lakh shares of TV18 Broadcast
SBI Life Insurance Company Ltd recently acquired a 30.66 lakh shares of TV18 Broadcast Ltd in a deal worth Rs 8.43 crore through open market route. As per bulk deal data, SBI Life Insurance Company purchased 30.66 lakh shares of TV18 Broadcast for Rs 8.43 crore on the National Stock Exchange. Read more
Retirement planning: Insurance as tool
This is a question that seems to be on the minds of many people. With the provision in the Direct Taxes Code of getting a tax rebate of R3 lakh for a life insurance premium, this question becomes more relevant. First of all retirement planning is very easy if you start early. Make no mistake about that. If you are 23 and are lucky enough to think of retirement, that is God’s grace. This happens only if you are in a family where words like financial planning, equities, insurance, mutual funds are talked about at the lunch table. Read more