Insights Contingent Liabilities Coverage Insights SBI Life Insurance Company Ltd. Since India is still largely under-insured, Covid impact would push up need of individuals to go in for insurance cover, even though in the short term, the claims on the viral disease could see a jump. With life expectancy levels on the rise and increased urbanisation, demand is not an issue but devising an insurance product with added advantage of savings. The problem is that combining these two lowers margins for insurance companies Distribution is crucial With the largest public sector bank – SBI -- being its bancassurance partner, it has a strong advantage. Currently more than 60 per cent of the sales...
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Latest Study on Industrial Growth of Life Insurance Market 2019-2025. A detailed study accumulated to offer Latest insights about acute features of the Life Insurance market. The report contains different market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis. Life Insurance Market Study...
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While GST collections are affected due to the pandemic, there has been growth in retail payments, UPI transactions and health insurance business Hyderabad: SBI Business Disruption Index based on certain high frequency indicators such as labour participation rate, Google Mobility Index (workplace), Apple Mobility Index, RTO revenue collection and retail payments show pick up in August compared to the lockdown period. However, labour participation rate and RTO transactions have declined in August compared to July. The decline in labour force participation rate is a matter of concern as it indicates a large percentage of labour is still wary of returning to work given the spread of pandemic,...
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On 14 August, the Securities and Exchange Board of India (SEBI) imposed a penalty of Rs 10 lakh each on three public sector financial institutions- SBI, LIC and Bank of Baroda- for not complying with the mutual fund norms. SEBI observed that State Bank of India (SBI), Life Insurance Corporation of India (LIC) and Bank of Baroda (BoB) are the sponsors of SBI Mutual Fund, LIC Mutual Fund and Baroda Mutual Fund, respectively, and they also hold more than 10 percent stake each in these mutual funds. In addition, LIC, SBI and BoB are also sponsors of UTI AMC and hold more than 10 percent stake individually in the asset management company (AMC) and trustee company of UTI MF. This is not in...
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Senior Citizens Schemes Worried about your future? Today in this article we will inform you about top 6 schemes that will help you to have a secured future. Though, many people focus on making money by actually forgetting about making provisions for a secure future. So, here we are to guide you step by step for a healthy and safe future without any worries. Don’t forget that it’s never too late to start investing, ensure now your source of income after retirement! Top 6 Senior Citizens Schemes by LIC, SBI, HDFC 1. The Pradhan Mantri Vaya Vandana Yojana (PMYVVY) Pradhan Mantri Vaya Vandana Yojana or PMYVVY is a pension plan for senior citizens which is managed & operated by Life...
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Sbi life sampoorn suraksha plan SBI Life Sampoorn Suraksha Plan - Group Protection Plan … The SBI Life Sampoorn Suraksha Plan is a yearly renewable policy specifically designed for organisations which are looking for extensive coverage at affordable costs. This plan caters to a variety of groups like Borrower/Depositor Groups, Employer/Employee Groups, and Professional/Affinity Groups. An important feature of this plan is that it offers financial support to the nominees https://www.bankbazaarinsurance.com/sbi-life-insurance/sampoorn-suraksha-group-plan.html SBI Life Insurance: Avail the best Life Insurance Plans in... SBI Life – Sampoorn Suraksha: The Sampoorn Suraksha from SBI Life is...
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SBI Life Insurance gears up for IPO SBI Life Insurance's paid-up share capital is 100 crore equity shares, having a face value of Rs 10 each. SBI Life Insurance is all set to come out with an initial public offering (IPO), the second life insurer after ICICI Prudential Life Insurance's public issue was issued last September. SBI Life's IPO is likely to see its major shareholder, State Bank of India (SBI), offload 8 percent of its stake. The company's paid up equity share capital was Rs 1,000 crore comprising 100 crore shares with a face value of Rs 10 each. Currently, the two dominant shareholders of SBI Life Insurance are SBI (70.1 percent) and BNP Paribas Cardif (26 percent). Last...
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The NPS is largely focused on one's retirement. While up to 60% of the maturity corpus can be withdrawn as a lump sum on maturity, the balance is compulsorily annuitized, i.e., balance is used to fund the annuity (pension) after retirement. This annuity is fully taxable in the year of receipt as income from other sources. NPS on mobile Application: A mobile app for NPS Subscribers called 'NPS by NSDL e-Gov' is available. The Subscriber can now view their NPS account, scheme holdings, latest Net Asset Value (NAV) and the total value of the schemes through this app. Subscribers can view the transaction statement for a particular financial year, as well as details of last five...
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India Inc Garners Rs 8.7 Lakh Crore from Markets in 2019, Debt Preferred Route New Delhi: Marking a major upswing in fund raising activities, Indian companies garnered Rs 8.7 lakh crore from domestic and overseas markets in 2019 -- up 20 per cent from the previous year -- with debt instruments remaining the most preferred route for financing business needs. Fund raising scenario in 2020 will depend mainly on the state of the market, economic growth, US-China trade war and the Union budget, said VK Vijaykumar, Chief Investment Strategist at Geojit Financial Services. There will be good appetite for debt markets in the new year too due to falling interest rates in the country and RBI making...
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Daily Current Affairs 8 August 2019 for Banking/Insurance/SSC and other related exams. Health ministry sets target to reduce HIV cases by 2020 With an aim to bring down incidence of HIV/AIDS by 20,000 per year for the next two years, the Union Health Ministry is reaching out to targeted areas like prisons and women remand homes as cases in these places are much higher as compared to the general population. e-Rozgar Samachar launched to spread awareness about job opportunities The e-version of Rozgar Samachar has been launched recently by Union Minister of Information & Broadcasting Shri Prakash Javadekar. It has been launched with a view to make aspirants aware of job opportunities in...
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