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Insurance companies can now invest in AIF-IRDA

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 Fund

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Cancer Care for Life scheme by regional cancer centre

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.

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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.

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List of Insurance companies in India

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.

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