Celebrating the triumph of good over evil.
We wishes you all a very Happy Dussehra.
We wishes you all a very Happy Dussehra.
Tuesday, 15 October 2013
We Wish that
you win over all your weaknesses.
Share that one trait you would want to shed this Dussehra.
Share that one trait you would want to shed this Dussehra.
News »
The Indore division of LIC may claim itself to be at No 1, when it comes to number of branches it has got on its fold. Still, it is placed at 13 th position among all the divisions of the company across the country in terms of business volume. The LIC officials defend that it was due to the fact that the region was not densely populated and more of its earnings come from the rural parts of the region.
100 Most Powerful CEOs 2013
Dinesh Kumar Mehrotra: Dinesh Kumar Mehrotra is the head of Life Insurance Corporation of India (LIC). He joined LIC as a direct recruit officer in Jamshedpur division in 1977 and has been a managing director since 2005. Mehrotra has held important portfolios such as investment, personnel, information technology, actuarial, engineering, international operations and corporate communications.
Wednesday, 9 October 2013
Jeevan Arogya - premium calculator free download
The complete details of the plan is available here. Calculation of premium for an entire family is made simple through Jeevan Arogya premium calculator.Download premium calculator by clicking the link below.
Tuesday, 8 October 2013
LIC Nomura targets over Rs 15,000 cr AUM in Q3
MUMBAI:
After posting an impressive 17 per cent rise in business in the second quarter,LIC Nomura Mutual Fund aims to cross the Rs 15,000-crore mark in absolute AUMcollection in the current quarter, a 50 per cent growth q-o-q with focus on new client addition, a top official said.
"In average AUM terms, our fund house has shown 17 per cent growth in the September quarter over the previous period. We aim to increase our absolute AUM, to cross Rs 15,000 crore by the end of the December quarter," Chief Executive Nilesh Sathe told PTI here.
By the end of the September quarter, the fund house had an average AUM of Rs 7,975.68 crore, up 17 per cent over the first quarter.
On absolute terms, it has crossed Rs 10,000 crore by the end of September quarter.
The mutual fund industry reported a 4.5 per cent drop in average AUM to Rs 8.08 trillion by the end of September quarter with 34 fund houses reporting fall in average AUMs.
On the reasons for rise in average AUM, Sathe said banks and financial institutions are again coming back and investing in various short-term debt schemes after deserting the fund houses due to poor returns.
"Banks and financial institutions have again started investing in our debt schemes. We are also witnessing some traction in retail participation," he said.
As part of its plan, the company aims to add around 40 new clients in the current quarter with focus on adding retail clients.
LIC Nomura MF is an alliance between insurance major LIC and Japanese Nomura with LIC holding 65 per cent stake.
"In average AUM terms, our fund house has shown 17 per cent growth in the September quarter over the previous period. We aim to increase our absolute AUM, to cross Rs 15,000 crore by the end of the December quarter," Chief Executive Nilesh Sathe told PTI here.
By the end of the September quarter, the fund house had an average AUM of Rs 7,975.68 crore, up 17 per cent over the first quarter.
On absolute terms, it has crossed Rs 10,000 crore by the end of September quarter.
The mutual fund industry reported a 4.5 per cent drop in average AUM to Rs 8.08 trillion by the end of September quarter with 34 fund houses reporting fall in average AUMs.
On the reasons for rise in average AUM, Sathe said banks and financial institutions are again coming back and investing in various short-term debt schemes after deserting the fund houses due to poor returns.
"Banks and financial institutions have again started investing in our debt schemes. We are also witnessing some traction in retail participation," he said.
As part of its plan, the company aims to add around 40 new clients in the current quarter with focus on adding retail clients.
LIC Nomura MF is an alliance between insurance major LIC and Japanese Nomura with LIC holding 65 per cent stake.
Sunday, 6 October 2013
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