Category: Retirement Plans
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SBI Life Insurance signs ‘bancassurance’ pact with Allahabad Bank
Kolkata : Leading private insurer SBI Life Insurance on Monday said it has signed a ‘bancassurance’ pact, with state-run Allahabad Bank to offer a financial planning solution to consumers. One of the largest bancassurance partnerships in the country will see 3,238 branches of the bank across the country offering the insurer’s a range of protection,…
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SBI General Insurance in talks with banks to expand bancassurance partners
Chennai : In an effort to expand its bancassurance channel, non-life insurer SBI General Insurance Company Ltd is in talks with state-run as well as privately-held banks for distributing its products, said a senior official on Thursday. Currently, a major chunk of the insurer’s premium is obtained from its bancassurance partners like the parent State…
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Significant scope to expand distribution, cut cost of health insurance: Ficci
New Delhi : With health insurance remaining underpenetrated but considered expensive by the consumers, there is still significant opportunity to expand distribution and reduce cost of acquisition and services, a Ficci report said on Monday. The report, prepared by Ficci and EY, ‘Distribution 2.0-Improving Distribution in Health Insurance’ was released by Insurance Regulatory and Development…
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Jaitley launches pension plan for senior citizens with 8% assured return
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New Delhi : Finance Minister Arun Jaitley on Friday formally launched a pension scheme for senior citizens with an assured return rate of eight per cent, favouring efficiency with social security. “Banks have to lend at feasible rates, while senior citizens want secure, reasonable, unfluctuating return on their investment,” Jaitley said here launching the pension…