Product Launch

IDBI Bank launches India’s first online Retail G-Sec Portal

January 16, 2012

IDBI Bank Ltd. has launched India’s first online retail G-Sec Portal.  This Portal provides an opportunity for retail investors to invest in Government securities, as an attractive alternative investment avenue.  Government Securities are bonds issued, both by Central and State Government. IDBI Bank organized a function to launch the portal which has been christened “IDBI [...]

NHAI to launch its tax free bonds at 8%-8.5%

December 23, 2011

National Highways Authority of India (NHAI) will launch its first ever tax-free bonds issue of Rs 10,000 crore on December 28.The issue will be live for 3 days and then close on Dec 30th itself.  The money raised from it will be used to partly finance various National Highways projects under different government schemes. The [...]

HDFC Life Launches Click 2 Protect Term Plan

November 20, 2011

HDFC Life has recently launched its online term insurance plan called Click 2 Protect plan. With this HDFC Life becomes one the few online term insurance providers in India. The minimum and maximum sum assured under this Click 2 Protect Term plan is Rs 10 lacs and 10 crores. And the Policy term can be [...]

IDBI launches Gold ETF

October 21, 2011

Recently one more Gold ETF is launched and it comes form IDBI Mutual Fund. Its called IDBI Gold ETF. At present there are 12 gold ETF’s in market and this is a new entry. The NFO for this fund would be open during Oct 19 – Nov 2 . The benchmark would be the domestic [...]

Federal Bank and Oriental Insurance launch Pravasi Insurance scheme

October 16, 2011

Federal Bank has partnered with Oriental Insurance Company to launch a mediclaim policy for the NRI community, ‘Fed Oriental Pravasi Insurance’, which will offer NRIs a cover for normal hospital expenses and unforeseen events such as repatriation and accidents. The policy also includes a legal/litigation cover, hospitalisation cover, personal accident cover and a medical floater [...]

MF Utility – transaction platform to be launched by AMFI

October 15, 2011

By April 2012 – AMFI is going to launch a Mutual funds transaction platform which will be open for distributors as well as Investors and one can transact for a fee for each transaction. It will be a cost effective model as its a NOT FOR PROFIT platform and the costs will only cover the [...]

Tata Mutual Fund launches Retirement Savings Fund

October 12, 2011

Tata mutual funds have launched a fund called Retirement Savings Fund which is framed as a retirement product. The main idea behind the product is to keep asset allocation appropriate as per the age of the investor . There are 3 different stages in the fund , first is “Progressive plan” which will be for [...]

L&T Insurance launches Medisure Prime – Health Insurance Plan

October 12, 2011

L&T Insurance recently got approval from IRDA to launch its health insurance plan called Medisure Prime, which comes with some unique and innovative features. Some of the features includes Cashless Claims Service Assurance and Reimbursement Claims Service Assurance . There is also a feature called Case manager , where in selected cities, customers would have [...]

NHAI plans to issue Infrastructure Bonds worth 10,000 crore

October 11, 2011

National Highways Authority of India (NHAI) plans to come out with a public issue of tax-free infrastructure bonds worth Rs 10,000 crore in middle of nov 2011 . NHAI had earlier planned to go for private placement in order to raise funds faster but later decided to go in for the public issue due to [...]

Online term plan from LIC soon

October 10, 2011

LIC resently anounced that it will come with online term plans soon, may be sometime around next year. LIC online term plan will be cheaper than the current term plan they offer but expect it to be 15%-25% lower than current premiums. Do not expect a very steep decrease like 50%-60%, because LIC is a [...]