Retirement
ICICI Prudential launches retirement plan

ICICI Pru Shubh Retirement would enable consumers to build a corpus during their working years and receive assured regular pension post retirement

Mumbai: ICICI Prudential Life Insurance has launched a new unit-linked pension product ICICI Pru Shubh Retirement, reports PTI.

 

The product aims at protecting the customer’s capital while capturing potential superior returns offered by equity as an asset class with funds being invested in a combination of debt and equity, the company said in a statement.

 

The product would enable consumers to build a corpus during their working years and receive assured regular pension post retirement, company's executive director Puneet Nanda said.

 

This pension product can be purchased by customers in the age bracket ranging from 35 to 70 years and customers can choose a premium paying term of five or 10 years.

User

Decision on Chidambaram's appearance before JPC likely soon

Chairman PC Chacko appeared to downplay BJP's demand for calling Chidambaram before the Joint Parliamentary Committee

New Delhi: A decision on calling finance minister P Chidambaram to appear before a parliamentary panel looking into the 2G spectrum issue is expected to be taken this month, reports PTI.

 

The Joint Parliamentary Committee appears to have entered its final few laps with members deciding ‘unanimously’ to complete examination of witnesses by 12 February 2012 after which the drafting of the report would begin.

 

“To call somebody we do not need longer time. It is only a question of sending a notice and their coming before the committee,” chairman PC Chacko said replying to a volley of questions on calling Chidambaram as a witness.

 

At its next meeting on 22 January 2012, former lead auditor RP Singh, who had alleged that he was forced to sign the controversial report of the government auditor on 2G issue, would appear before the Committee.

 

“Some members had written to the Committee to ask RP Singh to appear again in view of some recent statements he had made,” Chacko said.

 

Attorney General Goolam E Vahanvati has also been asked to appear before the Committee on the same day.

 

Chacko also appeared to downplay BJP's demand for calling Chidambaram before the Committee.

 

“You know all what had happened in the past. There were demands, there were walkouts, there were coming backs,” he said, adding that BJP members Harin Pathak and Ravi Shankar Prasad were present at the meeting.

 

BJP member Yashwant Sinha who has been most vocal on calling Chidambaram was not present in the meeting.

 

Meanwhile, members of the Association of Unified Telecom Service Providers of India, which represents CDMA operators, appeared before the Committee.

User

MBA graduate held in fraud case

The lawyer wrote in her complaint that she and her mother were cheated of Rs25,000 by Singhania, who introduced himself as a customer care executive of HDFC Bank

New Delhi: An MBA graduate, who went to jail in 2006 in a case of kidnapping for ransom, was arrested for allegedly cheating people on the pretext of helping them open bank accounts and getting loans, reports PTI.

 

Ranjeet Kumar Gautam, 26, who posed himself as Dinesh Kumar Singhania, was arrested based on a complaint filed by lawyer N Sahar.

 

The lawyer wrote in her complaint that she and her mother were cheated of Rs25,000 by Singhania, who introduced himself as a customer care executive of HDFC Bank.

 

The mother-daughter duo waited for a few days to get some information from the bank and approached the bank later which informed them that they were cheated.

 

Through technical surveillance of Gautam's mobile phone, police tracked down his address where he ran a firm, “RK Financier Pvt Ltd”, on behalf of HDFC Bank.

 

“Further, it was found that Dinesh Kumar had employed 13 people for field job whose duty was to visit the residences of prospective customers. He ran his business for two months and abruptly stopped going there when the rent was to be paid for the second month,” a senior police official said.

 

Born in a poor family, Gautam did his graduation from BR Ambedkar University, Agra and completed his post graduation in management (MBA) from National Institute of Sales in Delhi.

 

“His quest of earning easy money dragged his into criminal activity. He was arrested in 2006, in a case of kidnapping for ransom. After coming out of jail, he did not go to his home and started working for the bank,” the official said.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)