Insurance
Health Insurance: Corporate Mediclaim Moving towards Cost Sharing

India Insure Employee Benefits Insurance Report 2013 highlights interesting facts on Health...

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Fine Print: New life products to be launched

New life products to be launched
Nearly 500 traditional insurance products complying with...

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Inflation Indexed Bonds till 31st March

The Reserve Bank of India (RBI) has extended the deadline for subscription to its Inflation Indexed National Savings Securities- Cumulative (IINSS-C) to 31 March 2014. The issuance can be closed earlier than 31st March, with a prior notice. Is the extension due to poor response? The central bank is using authorised banks and Stock Holding Corporation of India (SHCIL) to invest in IINSS-C. The authorised banks are: State Bank of India (SBI) and its associates, all nationalised banks, HDFC Bank, ICICI Bank and Axis Bank. The Union Budget of 2013-14 had announced the introduction of instruments that will protect retail savings from inflation. Interest rate on IINSS-C comprises two parts: a fixed rate (1.5%) plus interest linked to consumer price index (CPI), paid cumulatively at the end of the 10-year term.

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