Corporation Bank & LIC are to explore new areas of collaboration to create opportunities in specialised areas of financial services. | |
| According to Sambhamurthy, CMD, Corporation Bank the associations in areas like reverse mortgage and financial inclusion are under consideration. |
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| The guidelines would be worked out by the NHB "� the nodal agency in a conducive atmosphere in the post-budget scenario. |
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| Airing his views at the Corporation Bank Head Office, T S Vijayan, Chairman, LIC felt that the time had come for large as well as mini-financial organisations to show a unified face to increase value and service propositions to the customers. |
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| Dismissing rumours that the equity-linked Insurance plan would close on March 31, T S Vijayan said that the LIC had no intention of setting deadlines on high selling products. |
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| On the corpus set aside for equities, he said Investments had crossed Rs 1.2 lakh crore and the net assets in this category now totalled an approx Rs 5.5 lakh crore. The digitised 'insurance policies' would take some time as the LIC had to cater to 20 crore policies. |
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| An additional 3.5 crore new policies would be marketed this year, T S Vijayan said. The dematerialisation of policy documents too would take time as instructions are awaited from the IRDA, he stated. |
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