icici prudential

Concerned that mutual fund schemes are becoming too complex for average investors, capital market regulator Sebi has asked several asset management companies to rework some proposed new schemes and file offer documents afresh. More than a dozen new f Full Article

After the initial hesitation, some of the private sector life insurance companies are launching unit-linked pension plans, but only with a single premium option. While ICICI Prudential has recently launched its single premium unit-linked pension plan Full Article

The episode on Unit linked Insurance Plans (Ulips) started on 9th April, 2010 when SEBI issued notice u/s 11 of the SEBI Act, 1992 to the 14 life insurance companies namely, Aegon - Religare, Aviva, Bajaj Allianz Life Insurance, Bharti AXA, Birla Sun Life, HDFC Standard Life, ICICI Prudential, ING Vysa Life, Kotak Mahindra Old Mutual Life, Max New Life, Metlife India, Reliance Life, SBI Life and Tata AIG Life, banning them from selling Ulips. This surprised all particul.. Full Article

Less than a week after the National Stock Exchange launched its mutual funds (MF) transaction platform, Asia’s oldest bourse, the Bombay Stock Exchange, today made operational its own MF platform for all investors. Full Article

The Reserve Bank of India, citing its powers as banking regulator, has put on hold the salaries of Chief Executive Officers of three private sector banks, ING Vysya Bank, Axis Bank and Development Credit Bank, arguing that these are inflated and not in sync with the market. Incidentally, all three banks have recently hired CEOs [...] Full Article