Aditya Birla Financial Services Group (ABFSG) has signed a memorandum of understanding (MoU) with MMI Holdings Limited, one of the largest insurance-based financial services groups listed on the South Africa Stock Exchange, to enter India's health
Health insurers offering services only in specific regions of the country could soon be a reality. The Insurance Laws (Amendment) Bill, if passed, will reduce minimum capital for a health insurer at Rs 50 crore compared with Rs 100 crore at present.
Retirement fund body EPFO is all set to launch this month an online facility for transfer of PF accounts for the organised sector workers covered under private PF trusts, that manage their employees' retirement fund themselves.
"Prime Minister will preside over a function on October 16 to launch various facilities for workers including Universal Account Number (UAN) for EPFO subscribers and a web portal for centralised inspection of firms," a senior Labour Ministry
The Insurance Regulatory and Development Authority (Irda) is looking to allow insurance companies to deal with equity derivatives. R K Nair, member-finance & investment, Irda, revealed this while speaking at a function here on Thursday.
The finance ministry has asked public sector banks (PSBs) to tighten norms, including know your customer (KYC) monitoring for high-value fixed deposits (FDs), to check the kind of frauds suspected to have been committed at Dena Bank and Oriental Bank of