insurance

3 Idiots Marketing Journey

3 Idiots Marketing Journey
Every time an Aamir Khan flick is up for release, one could easily expect slew of marketing initiatives. This time is also no exception, with 3 Idiots slated to release on Christmas, the brand ‘Aamir’ is busy with his own style.

Analysis of LIC Jeevan Varsha Insurance policy

Analysis of LIC Jeevan Varsha Insurance policy
After the less than expected returns from Jeevan Astha policy, LIC has come out with a money back policy with a tenure to choose from 9 years and 12 years. The main plank which LIC is banking on the plan is that of guaranteed returns which in 9 year term is 6.5% of sum assured and 7% of SA in 12 year policy with the premium paying term being 9 years in both the cases.

LIC Jeevan Astha – taxable insurance?

LIC Jeevan Astha – taxable insurance?
LIC launched its much advertised policy, Jeevan Astha with great fanfare hoping to garner Rs.25000 crore in 45 days by delivering guaranteed returns. However the scheme ended with much below expectations by garnering just one-third of target amount.

AIG may have a limited presence in India

AIG may have a limited presence in India
After its bailout, American International Group (AIG) has begun recasting its global operations and even its Indian operations are not left untouched. AIG has Tata AIG Life Insurance and Tata AIG General Insurance where it holds 26% each.

What should investors of DSP Merrill Lynch and Tata AIG do?

What should investors of DSP Merrill Lynch and Tata AIG do?
The answer is immediate ‘nothing to worry’. In the recent financial turmoil in US, the names affected include Lehman Brothers, Merrill Lynch and AIG. While Lehman does not have a direct consumer portfolio since it does not have any asset management or insurance company though has taken equity stakes in various domestic companies or SPV or real estate projects.

Axis Bank – transforming UTI Bank into a global modern bank

The erstwhile UTI Bank has changed its name to Axis Bank effective July 30, 2007. This is the first time that a bank has gone in for a brand-change voluntarily; earlier names of banks have been changed either due to a merger or an acquisition.

SBI follows ICICI Bank path

SBI follows ICICI Bank path
India’s largest bank State Bank of India, is planning to come up with its FPO in December this year in a bid to raise Rs.15,000 crore to fund its expansion plans and to continue to enjoy the position as the market leader.

After the euphoria, a setback for ICICI Bank

After the euphoria, a setback for ICICI Bank
Just after successful completion of record $5 billion public offer, ICICI Bank has received a jolt for capital raising plans of its newly created insurance and AMC subsidiary, ICICI Financial Services.

ICICI Holdings becomes ICICI Financial Services

With a week left for the opening of ICICI Bank FPO, the parent has changed the name of its subsidiary ICICI Holdings to ‘ICICI Financial Services’ giving more clarity to the nature of business being carried out by the subsidiary which is life insurance, general insurance and asset management.