Fwd: Today's Exclusives - IRDA chairman not convinced on opening up bancassurance to two insurance companies

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From: Moneylife <noreply@moneylife.in>
Date: Fri, Sep 23, 2011 at 8:39 PM
Subject: Today's Exclusives - IRDA chairman not convinced on opening up bancassurance to two insurance companies
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23 September 2011   Moneylife Exclusive IRDA chairman not convinced on opening up bancassurance to two insurance companies Raj Pradhan In 2009, an IRDA Committee had recommended opening up bancassurance to two insurers. But IRDA chairman J Hari Narayan does not seem convinced. IRDA may also allow brokers to offer consultancy services, even for insurance products that they have not sold themselves...     Moneylife TV     Commodities crash in global markets today, copper down 7% and silver dips by 9% But oil & gold remained muted, with a slight dip. Slowing growth in major consumers like China and the rising greenback have slowed down speculation in commodities... Watch Video     Exclusive Column     India rising or chaos in the offing? Karan Kharb The prime minister says he has no magic wand to stop corruption; his finance minister announces there is no quick-fix to stop price rise; now the home minister tells us there is no way to prevent terror attacks completely... It's time to deal with our inner ailments and to ensure that poor performance is punished, else we could be headed downhill...       Other ML Exclusives   For Mumbai Airport is a private bus shuttle the only solution? Transport experts say that a private or public-private partnership for a shuttle service connecting Mumbai with the airport would be an ideal option... .............................................................................................................................................. Daily Market Report: Share prices may see weak recovery Nifty may see a small bounce-back after hitting 4,800 but more selling likely... .............................................................................................................................................. Proposed Microfinance Bill has to look at the centre leader as a microfinance agent Centre leaders have tremendous local knowledge and significant local support in villages; they are opinion leaders and can develop extreme familiarity with the microfinance concept, processes and procedures... .............................................................................................................................................. Future Generali India Life Insurance: "ULIP charges are squeezed; wonder if any insurer charges less than the maximum allowed" Future Generali believes that the life insurance market is big enough for all the players to compete in newer areas and segments. Deepak Sood, MD & CEO, Future Generali India Life Insurance, says that good claims settlement ratio and quick claims turnaround time are the main drivers of customer satisfaction and retention. 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Personal finance today - Experian, SBI sign membership agreement - Investor behaviour shifts with usage of independent equity research: CRISIL - SBI, Dena Bank cut rates on home loans by 25bps - Ogone Payment Services signs deal to acquire EBS   ON STANDS NOW At a Glance   - RBI issues norms for setting up of IDFs by banks, NBFCs - Reliance drills two dry wells in KG-D6 block - RBI not to intervene in forex market required as of now: Deputy governor - 85% Indians want more insurance to protect lifestyles: Survey - High prices: India calls for improved farm productivity at G-24 Corporate Wrap-up   - DQE signs deal with SMC Entertainment - ABB secures $71 million order from SAIL - Neyveli Lignite pays Rs361 crore dividend to Coal Ministry   Moneylife Columns     The need for due diligence for business correspondents who deliver financial services to low-income people Ramesh S Arunachalam The business correspondent model offers a unique possibility for mainstream low-income financial services. But recent experience has shown that there are huge risks as well, which is why it must be regulated carefully...     BRIC Loans to EU: An absurd idea William Gamble The growth of emerging markets is certainly gratifying, but to assume that there is such a thing as an economic bloc of BRICS—or that it should be loaning money to help out Europe is simply absurd...       Face 2 Face   Bajaj Allianz General Insurance: Senior citizen mediclaim product has been profitable TA Ramalingam explains that the company is focused on building business for the long term, even if it means taking on a little more risk... ............................................................................................................................................... Bajaj Allianz General Insurance: Right risks should get right price for mediclaim, motor insurance Bajaj Allianz General Insurance is collecting detailed customer information which together with the claims experience will help it to arrive at the right price for health and motor insurance...     Editor's Pick   How can you weather this market storm? Here are a few tips for investors to protect their portfolios. ...................................................................................................................................................... US passes spending Bill But it will face some rough going in the Senate. ...................................................................................................................................................... China, Japan tell Europe to fix its crisis Both countries have indicated that their support will have limits. ...................................................................................................................................................... US is in a double-dip, says Soros Europe could face three possible defaults, says the investor, and America needs more fiscal stimulus. ...................................................................................................................................................... Facebook unveils new Timeline-enabled page Social networking giant offers more music and movies on tap for users and multiple apps in its Third Generation offering. ...................................................................................................................................................... Cartoon of the week They are out for the President's head.     Book Review   Trend Qualification & Trading: Befriending trend Debashis Basu LA Little on a new way to identify trending stocks.   FROM the ARCHIVES   Six stocks for a bear market It is always darkest before the dawn, as the saying goes. But assuming that now is the best time to invest, the question on most investors' minds is: Invest in what? Even in a bear market, some stocks do well. Moneylife Research Desk has identified six such stocks... ...................................................................................................................................................... The farce of TDS and advance tax exposed through huge refunds Income tax refunds are running at 40% of the collections, which shows that advance tax and TDS rules have turned into a farce. Amazingly, not following TDS and advance tax rules attracts draconian penalty...     To subscribe to this free newsletter log on to www.moneylife.in or email us at newsletter@moneylife.in To get FREE updates via sms click here.

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