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LIC Flexi Plus is a unit linked insurance product and provides a lump sum benefit on death and also the maturity benefit irrespective of survival of the policyholder while New Jeevan Nidhi from LIC is a conventional product with profit pension plan
New Delhi: Life Insurance Corporation of India (LIC) has launched two new policies, including a unit linked insurance plan, reports PTI.
Flexi Plus, a unit linked insurance product, not only provides a lump sum benefit on death but also the maturity benefit irrespective of survival of the policyholder, LIC said in a statement.
The policyholder can choose the amount of premium he/she desires to pay, depending on which equivalent level of cover will be provided. The plan aims at steady income carrying lower to medium risk, LIC said.
The other scheme called New Jeevan Nidhi is a conventional product with profit pension plan, which provides for death cover during deferment period and offers annuity on survival to the date of vesting.
Around 200 listed companies would follow SEBI rule that mandates 25% public shareholding by June 2013, which would also infuse fresh shares worth Rs30,000 crore in Indian stock market
Kochi: A total of 200 listed companies would comply with the new rule of Securities and Exchange Board of India (SEBI), which stipulates 25% of public share holding, by June 2013, reports PTI quoting a top official.
"This in turn would infuse Rs30,000 crore worth of fresh shares into the Indian Stock Markets," a CII release quoted SEBI Chairman UK Sinha as saying at a session at Kumarkom in Kottayam on 29th December.
"The money coming to the capital market had declined by 30-50% across the world over the past few years. In India alone, Rs60,000 crore, which was expected to come through the capital market, had been shelved," he said.
The 2008 Global recession resulted in the slowdown of economic activities in initial public offering (IPO) markets across the world and this impacted India and decreased the countrys growth rate. But on a positive note, he pointed out that the economic activities had improved post August 2012 and the potential growth rate of the Indian economy remained at 8% despite adversities.
He said SEBI was very keen to conduct handholding sessions for potential companies in Kerala which are looking at IPO for raising capital.
Sinha said he saw a positive energy among the various companies from the state which are poised to become global brands in the coming years.
A new SEBI Branch would be opened here by April this year. Investors and companies in Kerala could utilise the branchs services for the speedy settlement of their respective queries or complaints.
SEBI would take initiatives in arranging meetings between startup companies in Kerala and Venture Capital companies, Private equity companies, Insurance and Mutual fund firms to ensure that startup ventures get guidance and assistance from them. Strict action would be taken against Investment Bankers if due diligence was not done before issuing an IPO.