Fwd: Today's Exclusives - Does IRDA intend to scrap products with low or reducing insurance?

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From: Moneylife <noreply@moneylife.in>
Date: Thu, Dec 8, 2011 at 6:50 PM
Subject: Today's Exclusives - Does IRDA intend to scrap products with low or reducing insurance?
To: palashbiswaskl@gmail.com

 

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8 December 2011   Moneylife Exclusive Does IRDA intend to scrap products with low or reducing insurance? Raj Pradhan IRDA is reviewing products with low or reducing insurance as it intends to enforce a certain premium-to-sum-assured ratio. Approval of Bajaj Allianz Guaranteed Maturity plan seems to be direct breach of this stated intension...     Other ML Exclusives   Parliamentary panel rejects UID Bill The Standing Committee on Finance has rejected the UID Bill, which was aimed to enforce bio-metrics enabled Aadhaar identification system on all residents of India... .......................................................................................................................................... Priority sector lending to MFIs—need for adequate supervision If the concerned RBI departments could not monitor five of the top 13 NBFC-MFIs that were supposed systemically (very) important, then, how can they be expected to set up supervisory mechanisms for several hundred MFIs as per the proposed Microfinance bill? .......................................................................................................................................... Daily Market Report: Bulls hope for a bounce now. Or else... After an immediate support at 4,915, next support for the Nifty lies at 4,865... ......................................................................................................................................... Soon an export policy for Indian wine Looking at the popularity of Indian food overseas, wine makers feel that there is huge potential for domestic wine across the globe... .......................................................................................................................................... "Online term insurance has become a commodity" Rajesh Sud, CEO and managing director, Max New York Life Insurance... .......................................................................................................................................... Personal finance today - Kotak Life Insurance launches Kotak Invest Maxima - Hiring activity down marginally in November: Monster.Com - ICICI Pru MF floats Multiple Yield Fund - L&T Mutual Fund unveils Short Term Debt Fund - HDFC Bank to charge Rs500 to close saving bank account     At a Glance   - Cairn announces completion of Vedanta deal - Barclays India freezes retail business - SIAM may lower FY11-12 car sales growth forecast again in January - Car sales bounce back after 4 months, post 7% jump in November - Food inflation declines sharply to 6.60% for week ended 26th November   Corporate Wrap-up   - Godrej Properties signs pact with ICICI Bank - Fortis to open 50 standalone dialysis centres in 2 years - Britannia sacks employees in India   FROM the ARCHIVES   Euro break up may lead to civil war, says UBS Europe, with its tens of religions, hundreds of mutually exclusive cultures and millennia of hatred, was at the centre stage of the bloodshed that took place during the first two World Wars. Will history repeat itself if the Euro breaks? UBS hints at it... ...................................................................................................................................................... RTI reveals serious breach in cyber security at Pune Municipal Corporation Fake identities were created in the Pune Municipal Corporation (PMC) computer server to generate forged birth certificates in order to apply for a Slum Rehabilitation scheme. Such crime puts national security at stake if secure databases are compromised. Strangely, the PMC has initiated no action...     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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Palash Biswas
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