Investment adviser means any person, who for consideration, is engaged in the business of providing investment advice to clients or other persons or group of persons.
By virtue of (INVESTMENT ADVISERS) REGULATIONS, 2013 SEBI has made registration compulsorily to act as investment advisor. It is a step towards Investor protection. It aims to prohibit unqualified and inexperienced persons/entities from providing investment advises , which results in loss to investors. Recently, SEBI has suspended several persons who have been acting as investment advisors without seeking registration under SEBI. By the newly implemented regulations SEBI, clarified qualifications required to get registered as investment advisors and exempted certain group of persons/entities from registration ..Continue reading
Insurance Regulatory and Development Authority (IRDA) permits insurance companies to invest in Category I & Category II Alternative Investment Funds (AIF) related to infrastructure and SME sectors. By a Circular dated March 18, 2013, insurers are permitted to invest in Category I & II AIFs under the extant SEBI Regulations.
The permitted Funds in Category I are Infrastructure Fund, SME FundContinue reading
You may fell often that you are being cheated by the insurance company, or you are not happy with the quality of service then, you can make complaint against insurance company.If you are unhappy with your insurance company .Approach the Grievance Redressal Officer of its branch or any other office that you deal with.
Give your complaint in writing along with the necessary support documents
Take a written acknowledgement of your complaint with the date.
The insurance company should deal with your complaint within 15 days.Continue reading
Cancer Care for Life scheme (3rd series) is a scheme sponsored by Regional Cancer Centre, Trivandrum to provide advanced cancer treatment free of cost to all those who join the scheme up to a prescribed limit. In this scheme there are two Plans, plan-A and plan-B. The scheme is open to all Indian citizens who are not already cancer patients. The scheme benefits accrue after two years of enrolment.Continue reading
A memorandum of understanding has been signed by ICSI with NEW INDIA ASSSURANCE co ltd. to facilitate insurance policy for its members, employees and students .For easy facilitation a portal (http:// icsi.newindia.co.in) has been launched to enable them to apply for insurance on web enabled proposal form and payment of premium through payment gateway.Continue reading
Public sector and Private sector companies of Life Insurance and General Insurance Companies.Public sector
Bajaj Allianz Life Insurance Company Ltd.
Birla Sun-Life Insurance Company Ltd.
HDFC Standard Life Insurance Co. Ltd.
ICICI Prudential Life Insurance Co. Ltd.
ING Vysya Life Insurance Company Ltd.
Max New York Life Insurance Co. Ltd.
MetLife Insurance Company Ltd.Continue reading