| MERITS & DEMERITS OF ULPS(universal Life Plans) Posted: 20 Oct 2010 04:25 AM PDT 
Soon after it came out with guidelines on unit-linked insurance plans (Ulips), Insurance Regulatory and Development Authority (Irda) made public its intention to put regulations in place for a relatively new category of products — universal life plans (ULPs). The regulator's move is said to have been prompted by some players building high commissions into these products. The market is abuzz with reports of some of them trying to push them instead of Ulips, given the changed circumstances Ulips... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| VISA GETS RBI PERMISSION FOR FUND REMITTANCE Posted: 20 Oct 2010 04:06 AM PDT 
Visa, a leading electronic payments technology firm, on Tuesday said it has received the RBI's approval to offer inbound cross-border remittance to eligible Visa Debit or prepaid cards issued in India. The RBI permission makes Visa the only electronic card payments technology company in India to support over forty banks, including ICICI Bank , Canara Bank and HDFC Bank , to enable them to offer their cardholders the facility of receiving remittances on their Visa Debit and prepaid cards, Visa... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
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