Friday, Sep 19, 2014

Short change: Health cover for girl child at 50% discount

Press Trust of India | Posted: March 10, 2014 4:43 am

Health cover for girl child at 50% discount

MUMBAI: State-owned general insurer New India Assurance has launched an exclusive health insurance cover, New India Asha Kiran, for a family with girl children. The scheme gives a 50 per cent discount for the girl child. It also provides a personal accident cover for parents and on occurrence of any accident to parents; the sum insured would be placed as a fixed deposit in the names of the girl children. “We have launched the plan for families having girl children and kept premium at reasonable rates,” said G Srinivasan, chairman and MD, New India Assurance. The Asha Kiran policy has daily cash benefit on hospitalisation, critical care benefit up to 10 per cent sum insured and emergency ambulance charges. ens

MasterCard, Visa form industry group for payment security

New Delhi: MasterCard and Visa have formed a new cross-industry group to further ramp up security of payment systems, in a bid to ensure more secure transactions for consumers, retailers and financial institutions. The group includes banks, credit unions, acquirers, retailers, point-of-sale device manufacturers and industry trade groups. “The formation of the group is a public recognition of the importance of all parties to work together and will ensure all voices can contribute to the strategic direction of payment security,” Visa said in a statement. The group will initially focus on adoption of EMV chip technology in the US in addition to addressing other security-related topics like tokenisation and point-to-point encryption. “One of the critical roles we play is to protect consumers and businesses against criminals and fraudsters. Only through industry collaboration and cooperation will we address the real and immediate issue of security and maintain consumer confidence and trust,” MasterCard President North American Markets Chris McWilton said. pti

Deposits grow at 16% vs 14% rise in credit

Mumbai: Bank deposits grew at healthy 16 per cent year-on-year to Rs 7,605,171 crore as on February 21, surpassing the pace of credit growth, according to RBI data. Deposits at commercial banks stood at Rs 6,565,137 crore during the same period last year, the fortnightly data said. Bank credit grew at 14 per cent year-on-year to Rs 5,861,736 crore as on February 21, as against Rs 5,127,264 crore in the same period last year. The RBI’s estimate of the credit growth for current fiscal, 2013-14, is 15 per cent, while for deposits it is 14 per cent. During the period, the time deposit grew 16.47 per cent at Rs 6,912,598 crore as against Rs 5,934,640 crore in the same period last year. Demand deposit rose 10 per cent to Rs 6,92,574 crore from Rs 6,30,497 crore in the year-ago period. pti

Mutual funds offload Rs 10,000 cr of shares

New Delhi: Mutual funds sold shares worth over Rs 10,000 crore during the first 11 months of the current financial year on continued redemption pressure. In contrast, they pumped in a staggering Rs 4.43 lakh crore in the debt market during the period. Mutual funds offloaded Rs 10,319 crore of shares in the first continued…

comments powered by Disqus
Featured ad: Discount Shopping
Follow

Get every new post delivered to your Inbox.

Join 955 other followers