LIC DECLARES HIGHER BONUS FOR ENDOWMENT POLICIES
Article Abstract:
Life Insurance Corporation (LIC) of India has declared a higher bonus of Rs74 per every Rs1,000 sum insured for endowment policies taken after April 1977 with a maturity of 20 years and above. LIC has declared a bonus of Rs62 for endowment policies with a maturity period of below 10 years, Rs69 for policies between 11-15 years and Rs71 for policies with a maturity period between 16-20 years. A bonus of Rs81 has been announced for endowment policies with a term of over 20 years taken between March 1992 and April 1997 and Rs85 for policies taken before March 1972. The announcement of the bonus rates for 1997-98 follows an actuarial valuation as on March 31,1998. (uh)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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DUTCH INSURER AEGON SCOUTS FOR JV PARTNERS IN INDIA
Article Abstract:
Aegon NV of Netherlands, an insurance company, is holding negotiations with 4-5 private and public sector financial institutions for 50:50 tie-ups in the Indian life insurance sector. It has got the permission of the Reserve Bank of India (RBI) for setting up a liaison office in India. Aegon NV proposes to concentrate on the life insurance, pension and asset management sectors. It proposes to offer know-how on information technology, insurance business and actuarial support. It plans to develop inflation-linked pension plans. (ag)
Comment:
Is holding negotiations w/ 4-5 private & public sector financial institutions for 50:50 tie-ups in Indian life insurance sector
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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