News

LIC Made Rs 13,000 Crore Profit in Equity Till August This Fiscal, Says MD Raj Kumar

LIC Made Rs 13,000 Crore Profit in Equity Till August This Fiscal, Says MD Raj Kumar

The insurer has collected about Rs 87,300 crore of renewable premium till August this year, registering a growth of 13.5 per cent over the same period of the last fiscal, he said.

16/09/2020, Source : News 18

To protect depositors', FM moves bill in Lok Sabha to bring cooperative banks under RBI

To protect depositors', FM moves bill in Lok Sabha to bring cooperative banks under RBI

The financial status of 277 urban cooperative banks is weak.105 cooperative banks are unable to meet the minimum regulatory capital requirement, Sitharaman said in Lok Sabha

16/09/2020, Source : Livemint

Life insurance to secure your child’s future: All you need to know

Life insurance to secure your child’s future: All you need to know

For most young couples, a big milestone in life is starting a family. If you too fall into this category, you’ll agree that with the arrival of a child, there are many wonderful things that new parents have to look forward to. From seeing the child take first steps and listening to the child’s first words to preparing them for their first day at school.

15/09/2020, Source : Qrius

SBI revises fixed deposit (FD) rates. Latest FD rates here

SBI revises fixed deposit (FD) rates. Latest FD rates here

State Bank of India (SBI) has slashed interest rates on fixed deposits The new SBI fixed deposit (FD) interest rates is effective from September 10

13/09/2020, Source : Livemint

Nearly 50% of our policies are bought by millennials: LIC Chairman

Nearly 50% of our policies are bought by millennials: LIC Chairman

Life Insurance Corporation (LIC), which is set to get listed following the government’s decision to float an initial public offering (IPO), is expected to be the most valuable company in the country. In an interview with TOI, LIC chairman M R Kumar speaks of how the corporation keeps reinventing itself to remain relevant to every generation...

12/09/2020, Source : Times of India

In a Relief to Borrowers, Supreme Court Extends Loan Moratorium Scheme till September 28

In a Relief to Borrowers, Supreme Court Extends Loan Moratorium Scheme till September 28

The Reserve Bank of India had come out with the notification in March after the nation-wide lockdown was imposed to curb the spread of the pandemic and had given the facility of deferred payment of installments to borrowers and the scheme had end on August 31.

10/09/2020, Source : News 18

Life Insurance: Why protection and guaranteed plans are in demand – Find out

Life Insurance: Why protection and guaranteed plans are in demand – Find out

Insurers offer traditional endowment products with a guaranteed return and these are better suited to those who look for a steady growth of their funds.

09/09/2020, Source : Financial Express.

ITR e-filing: Know how to e-file your income tax return

ITR e-filing: Know how to e-file your income tax return

ITR-1 or Sahaj, which is the most simple form, is for resident individuals whose total annual income is less than Rs 50 lakh and have income from salaries, one house property, interest income and agricultural income up to Rs 5,000.

09/09/2020, Source : Financial Express.

LIC books windfall gain in Apr-Aug

LIC books windfall gain in Apr-Aug

The development could lead to higher bonuses for policyholders and a better valuation for its upcoming initial public offering

09/09/2020, Source : Livemint