| Topic : Developing Insurance products for developing markets |
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Secure the future - Insurance |
Aviva Life Insurance Company |
Bharti AXA Life Insurance |
7 more ...|
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Activity:
85 views;
last activity : 07 06 2010 20:18:09 +0000
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It may ruin IDR market of Stock analysis
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Section 27C of the Insurance Act bars investment of insurance funds outside India. This move would not affect insurers much, but the decision would diminish the attractiveness of the IDR market of stock analysts. |
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Very true Mr. Sharad, i think all the insurance companies should unite against this section
IDR allow foreign companies to raise funds from Indian markets. They are monitored by sebi. Mutual funds were allowed to invest in IDR only recently .FII and NRI need the permission of RBI for investing in IDR. With IDR yet to click and insurance companies being top institutional investors, I think this will have a strong impact on IDR market.
Even in Japan they don't allow their Insurance companies to invest in foreign equities. They surmount this difficulty by entering into swap agreements with foreign investment banks. Once the swap is truncated it turnout as the Japnese insurers make similar returns as if they have invested in stocks. Americans swap this yen with Canadians and hedge their risk with UK Stock investors who are berish on Japanese yen. Ultimately everybody makes returns and Japanese get their work done in investing in foreign stock indirectly.
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To obtain a duplicate copy of the insurance contract, you need to intimate your insurance agent or the life insurer’s call centre. You will be required to submit an indemnity bond on a stamp paper (the stamp duty will depend on the state you reside... |

