Premium

06 09 2010 12.00

Premium

UTI Mutual Fund is launching a three-month long investor awareness campaign for spreading the word about financial planning among people in Tier-II and Tier-III towns, according to Mr Jaideep Bhattacharya, Chief Marketing Officer, UTI Mutual Fund. “Only about eight per cent of people’s savings goes into mutual funds while it is 54 per cent for [...]

Maharashtra State Consumer Disputes Redressal Commission has ruled that it is the doctor — and not the insurer — who can decide whether a case requires emergency medical attention or not. It has also fined the insurance company Rs 5,000 for rejecting a claim on these grounds lodged by a resident of Versova, Mumbai, in [...]

Future Generali India Life Insurance Company plans to open around 100 branches and finalise bancassurance partnerships to achieve New Business Premium of Rs1,200 crore this financial year, it is reported. “We will be adding 100 new branches to our existing network of 91 branches. We will also increase the agency force by 21,000 to 65,000. [...]

State Bank of India (SBI) has announced that it will enter the wealth management business in the current financial year. The bank’s Chairman Mr O P Bhatt, speaking at the bank’s 55th annual general meeting in Mumbai said the bank had already launched its financial planning and advisory services for guiding customers to meet their [...]

Media reports speculate that the Mukesh Ambani group is all set to enter the financial sector, which has been considered the domain of the Anil Ambani group, and chances are that it may sell financial products of the latter. The Mukesh Ambani group is reportedly contemplating a foray into financial services distribution business, using its [...]

Star Health and Allied Insurance Company has appointed TBWA India as its creative agency. The size of the account is Rs 10 crore, according to media reports. The other agencies that competed for this business included McCann Erickson, Draft FCB Ulka and Network Advertising which was the current agency. TBWA India’s CEO Mr Shiv Sethuraman [...]

Mr Sanjay Kumar Jha was appointed as Head, Agency Channel of Future Generali India Life Insurance Company recently. He will work with Mr Arnab Mallik, Chief Marketing Officer of the company. Mr Jha will be responsible for giving a thrust to the agency channel to increase penetration and reach of the company’s products and expand [...]