Tuesday, December 31, 2013

Happy New Year 2014 !!!

Dear all,

Wish you and your loved ones a Happy, Healthy and Prosperous New Year 2014 !!!

Challenge yourself to achieve greater success, astonish yourself with brighter results and excel to new heights in your professional and social circle… have a winning 2014 !!!

Monday, December 30, 2013

Life insurance coverage to get costlier starting new year 2014

So with lots of new products, competition and confusion .. looks like Life Insurance policies will be but costlier in India starting new year ... thanks to government decision on widening the base of service tax to include premiums by the holders of Life Insurance policies.

It is estimated that cost of life insurance will go up by 12.36%

Read more on: Life insurance cover to cost 12.36% more from 1 January news
Source: www.domain-b.com

New year brings lot of new Life Insurance Products

Almost all Life Insurance companies are coming with lots of new product to penetrate it's market in different segment.
According to The Hindu, T. S. Vijayan, Chairman, Insurance Regulatory and Development Authority (IRDA) and his team already cleared around 500 Products so far !!

I don't know if this will facilitate people in choosing the right insurance for them or it will confuse them ?! But sure it will be tough competition among the Insurance players.

Check this news...
No shortage of life insurance products from January 1: IRDA
Source: www.thehindubusinessline.com

SBI Life Insurance to launch dozen of next product in New Year, focus in Northeast India for growth
Source: The Economics Times

PNB Metlife launches 3 life insurance products
Source: http://zeenews.india.com

Bajaj Allianz to launch new life insurance products
Source: www.thehindubusinessline.com

Oh yes .. this also follows with increased prices that we have to pay for the insurance from New year.. more on this in my next blog.