| Death claims up 21% in April-June quarter | 20-AUG-09 |
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| The life insurance industry has paid around Rs 1,717 crore as death benefit to policy holders between April and June 2009 compared with Rs 1,422 crore during the corresponding quarter last year (an increase of 20.74 per cent), according to Life Insurance Council, the body governing life insurance companies in India. |
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| Insurers want exemption limit raised to Rs 1.5 lakh | 26-JUN-09 |
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| Life insurers are pitching for increased exemption on investments in long-term policies. They have asked the government to consider raising the exemption limit to around Rs 1.5 lakh from Rs 1 lakh at present. |
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| Insurers to set up health panel for more uniformity | 08-APR-09 |
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| Insurers are joining hands to set up a Health Insurance Council, an industry lobby which is aimed at clearing the hurdles for growth in the smallest segment of the insurance industry. The move is also aimed at standardising practices across companies, which would help policyholders get better services, industry sources said. |
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| UTI Bank scales down overseas float size | 13-JUL-07 |
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| UTI Bank has decided to split its proposed capital raising plan under pressure from government-owned promoters and raise only one-third of the planned $600 million (about Rs 2,500 crore) equity |
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| UTI Bank promoters plan fresh retail issue | 28-JUN-07 |
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| The Specified Undertaking of Unit Trust of India (SUUTI) and the Life Insurance Corporation (LIC), the principal promoter shareholders of UTI Bank, want the bank management to give retail investors a |
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| LIC may go for UTI Bank pref issue | 07-JUN-07 |
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| Life Insurance Corporation of India (LIC) is likely to subscribe to the UTI Banks preferential offer of equity shares to allow promoters to keep their stakes unchanged after the banks planned $600 |
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| Nayak to quit UTI Bank after July | 05-APR-07 |
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| P J Nayak, chairman and managing director of UTI Bank, has decided to quit after his term ends on July 31, 2007 as the Reserve Bank of India (RBI) has declined a two-year extension to Nayak as CMD.
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| SU-UTI to go slow on blue chip stake sale | 06-FEB-07 |
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| Strategic investors, overseas funds and domestic institutions eyeing Specified Undertaking of UTIs stake in bluechips such as Larsen & Toubro, UTI Bank and ITC Ltd will have to wait for at least |
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| Foreign investors will now eye depositories | 11-JAN-07 |
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| After the National Stock Exchange, the focus has now shifted to stake sale soon in two depositories, the National Securities Depository (NSDL) and the Central Depository Services (CDSL).
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| UTI arm`s Mumbai office for sale | 15-AUG-06 |
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| The Specified Undertaking of UTI I (SUTI), has initiated discussions with UTI Asset Management Company (UTI AMC) for selling its biggest real estate asset, UTI Towers in Mumbai.
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| UTI Sec sale likely by Dec-end | 25-NOV-05 |
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| The sale of UTI Securities is expected to be finalised by December end. "About 10-11 players have shown interest for buying UTI Securities,' said S B Mathur, administrator of the Specified Undertaking |
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