LIC plans to alter ULIP polices terms

(PTI) Life Insurance Corporation of India (LIC) was planning to raise minimum premium from Rs 25,000 to Rs 40,000 and increase the lock in period from five years to 10 years for ULIP products. "We may have to raise minimum premium from Rs 25,000 to Rs 40,000 and increase the lock in period from five years to 10 years so that commissions can be kept intact.
The actuaries are presently working on it," LIC Chairman T S Vijayan said last evening. This is to keep agents'' commissions for unit linked policies (ULIP) intact post new norms on expenses directive by Insurance Regulatory Development Authority (IRDA) from January 2010.
"From January 2010 the cap on expenses for ULIPS will be applicable. We have asked our actuaries to restructure some of our products and asked to cut expenses like manager''s charges but not to alter agents commissions or development officer''s incentives so that commissions can be kept intact," he said.
The step is seen as LIC''s move not to loose sales force in wake of growing competition from the expanding private sector life players.

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LIC's New Jeevan Nischay Single Premium Guarnteed Return Plan no 199

Details of the Plan 199 are as follows: It has been decided to introduce 'LIC's JEEVAN NISCHAY, (Plan No. 199) a closed ended plan which would be open for sale from 29th October 2009 till 31st March 2010. This plan shall be offered only to our existing policyholders.
Benefits:
LIC's Jeevan Nischay is a single premium assurance plan with Loyalty Additions, if any. It shall be offered, without any medical examination, only to the existing policyholders of the Corporation whose previous policies have been accepted at standard rates and have at least one policy inforce.

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Indiabulls Power IPO

Indiabulls Power IPO.
Detail summary of IPO
Date: 12 to 15 Oct 2009.
Price Rage: Rs. 40 to 45.
Lot Size: 150 Shares & in multiples of 150.
IPO Grading: Graded by Crisil Limited as 3/5.
Apply here to invest in Indiabulls Power IPO. Application Forms are available at our office. Free services is avail if application apply for more than 50000/-.

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Oil India Ltd IPO open for sale

Hi

Public issue of 26,449,982 equity shares bid offer is open for sale.

Issue open on : September 7, 2009.

Issue Closing on : September 10, 2009.

Minimum Shares : 6

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Hurry! L & T Finance Issue Closing Shortly

Public issue by L&T Finance Ltd for 50,00,000 secured redeemable non-convertible debetures issue closing at 4th sept. 2009.

Here is the Interest Rates for the issue

Options	Interest Payment	Face Value	Coupon (%) p.a.	Tenor	Yield
I	qly	1,000/-	9.51%	60 months	9.85%
II	semi-annually	1,000/-	9.62%	60 months	9.85%
II	cumulative compounded annually	1,000/-	9.95%	88 months	9.95%
IV	semi annually	1,000/-	10.24%	120 months	10.50%

L & T Finance NCD Issue

L & T finance is coming with public issue of 50,00,000 Secured Redeemable Non-Convertible Debentures to raise Rs.500 Crores with an option to retain over-subscription upto Rs.500 Crores for issuance of additional NCDs, aggregating upto a total of Rs.1,000 Crores
The following is a summary of the terms of the Issue. This summary should be read in


conjunction with, and is qualified in its entirety by, more detailed information in the

chapter titled “Terms of the Issue” beginning on page 143 of this Prospectus.

Common Terms of NCDs

Issuer L&T Finance Limited

Issue 50,00,000 NCDs of Rs.1,000/- each aggregating to Rs.500 Crores with an

option to retain over-subscription upto Rs.500 Crores for issuance of

additional NCDs, aggregating upto a total of Rs.1,000 Crores

Stock Exchanges

proposed for listing of

the NCDs

NSE

Issuance and trading In Demat form only

Depository NSDL and CDSL

Security Security will be created for the purpose of this Issue as per the Debenture

Trust - cum - Mortgage Deed. For further details, please refer to page 153 of

this Prospectus.

Rating(s) CARE AA+ by CARE and LAA+ by ICRA

Issue Schedule* Issue Opening Date: August 18, 2009 and Issue Closing Date:

September 04, 2009

Deemed Date of

Allotment

Deemed date of allotment shall be the date of issue of the letter of allotment /

regret, as the case may be

Settlement Please refer to the section titled “Terms of the Issue” beginning on page

143.

* The subscription list for the public issue shall remain open for subscription at the commencement of

banking hours and close at the close of banking hours on the dates indicated above or earlier on such date

as may be decided at the discretion of the Board / Committee of Directors of the Company, as the case may

be. In case of an earlier closure, the Company shall ensure that notice of atleast 3 days is given to the

investors which shall be communicated through advertisements.

The NCDs will be issued at a face value of Rs.1,000/- each.
The issue is opening on the 18th of August and closing on the 4th of September.For more Detail Visit Avdhoot Investment

Check your Adani Power IPO Allotment Status here

Check you Adani Power IPO Allotment Status here.

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LIC Jeevan Saathi Plus ULIP Insurance Plan New Launching

LIC's Jeevan Saathi Plus (Plan 197): This is a unit linked Joint Life plan wherein a couple can take insurance cover on their lives under a single policy. The proposer under this plan shall be called Principal Life Assured (P.L.A.) and the other life (wife/husband) shall be called Spouse Life Assured (S.L.A.).



Benefits:



· Custom Individual Risk Cover: Option to choose separate amount of risk cover for your self & your spouse



· Combined Risk Cover up to 30 times of the annualized premium can be opted.



· Premium payment modes: Single, Yearly, Half yearly, Quarterly or Monthly (ECS).



· Top-up premium option available.



· Choose your investment risk by investing in any of the 4 funds - BOND, SECURED, BALANCED or GROWTH



· 4 FREE fund switches in a year & there after with nominal charges.



· Liquidity: Partial Withdrawal option available.



· Premium Waiver Benefit: In event of Proposer's (PLA) death, future premiums are waived & an amount equal to all future premiums is added to fund.



· Auto Cover option available after 3 years



· Settlement option: Maturity benefit can be taken in lump sum or in installments (Half-yearly or Yearly). Read more. Ask our Agnet for your Calculation, Charts, Reviews Or Todays Latest NAV of LIC"s Eevan Saathi Plus



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LIC is Launching New LIC's Jeevan Saathi Plus ULIP Insurance (Plan No 197)

LIC is Launching New Jeevan Saathi Plus ULIP Scheme.
LIC's Jeevan Saathi Plus (Plan 197): This is a unit linked Joint Life plan wherein a couple can take insurance cover on their lives under a single policy. The proposer under this plan shall be called Principal Life Assured (P.L.A.) and the other life (wife/husband) shall be called Spouse Life Assured (S.L.A.).
Benefits:
· Custom Individual Risk Cover: Option to choose separate amount of risk cover for your self & your spouse· Combined Risk Cover up to 30 times of the annualized premium can be opted.· Premium payment modes: Single, Yearly, Half yearly, Quarterly or Monthly (ECS).· Top-up premium option available.· Choose your investment risk by investing in any of the 4 funds - BOND, SECURED, BALANCED or GROWTH· 4 FREE fund switches in a year & there after with nominal charges.· Liquidity: Partial Withdrawal option available.· Premium Waiver Benefit: In event of Proposer's (PLA) death, future premiums are waived & an amount equal to all future premiums is added to fund.· Auto Cover option available after 3 years· Settlement option: Maturity benefit can be taken in lump sum or in installments (Half-yearly or Yearly).
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Oriental Insurance Launching New Happy Family Floater Mediclaim Insurance Policy

* Our Happy Family Floater aspires to protect you against escalating medical cost and supports you in creating a healthy tomorrow for yourself and your near-ones.It is an extensive cover for medical expenses of illness and accidents requiring in patient hospitalization. Optional covers are available for Personal Accident (Worldwide). In addition, an add-on benefit of "Life hardship Survival" can be availed for certain critical diseases.


* The Happy Family Floater is available in Silver and Gold variants. The cover amount ranges from Rs. 1- 10 lacs.


Key Benefits of Happy Family Floater:

* Wide coverage for the whole family (Self and Spouse, dependent, unemployed children below 25 years of Age, unmarried/divorced/widowed daughter and dependent parents-in-law.

* Start with a smaller Sum Insured and increase it over the years as per your requirement (subject to policy conditions).

* Tax relief under section 80 D of the Income Tax act.

* Medical Check-up is required only for insured aged 60 years and above.

* Use your Happy Family floater ID card at more than 5000 Hospitals and avail cashless treatment (only on hospitalization) no more hassles of arranging money when you need it most.

* Pre-existing diseases covered from the fourth consecutive renewal.. Click here for Mediclaim Floater

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Oriental Insurance Introduce New Floater Mediclaim Insurance Policy

* Our Happy Family Floater aspires to protect you against escalating medical cost and supports you in creating a healthy tomorrow for yourself and your near-ones.It is an extensive cover for medical expenses of illness and accidents requiring in patient hospitalization. Optional covers are available for Personal Accident (Worldwide). In addition, an add-on benefit of "Life hardship Survival" can be availed for certain critical diseases. * The Happy Family Floater is available in Silver and Gold variants. The cover amount ranges from Rs. 1- 10 lacs.
Key Benefits of Happy Family Floater:
* Wide coverage for the whole family (Self and Spouse, dependent, unemployed children below 25 years of Age, unmarried/divorced/widowed daughter and dependent parents-in-law.* Start with a smaller Sum Insured and increase it over the years as per your requirement (subject to policy conditions). * Tax relief under section 80 D of the Income Tax act. * Medical Check-up is required only for insured aged 60 years and above. * Use your Happy Family floater ID card at more than 5000 Hospitals and avail cashless treatment (only on hospitalization) no more hassles of arranging money when you need it most. * Pre-existing diseases covered from the fourth consecutive renewal.. Visit Mediclaim Floater Here.
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NHPC IPO Detail

NHPC IPO details ::Issue Period: August 7, 2009 to August 12, 2009Bid Lot: 175 equity shares and multiple of 175 thereofPrice Band: Rs.30 to Rs.36Issue highlights ::NHPC is th e largest Hydro Power Company in India with a current total installed capacity of 5,175 MW. With 13 operating stations including Joint Ventures, it accounts for 14% of the Hydro Power capacity in India.NHPC has been awarded status of “Mini-Ratna” category-I PSU in April 2008 in recognition of its performance.This Issue has been graded by ICRA Limited and has been assigned a Grade of 3/5.

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Shriram Transport Finance Company Ltd (STFC)

One of the largest asset financing NBFCs in India, plans to enter the debt capital market on 27 July, 2009 with a public issue of Non Convertible Debentures (NCDs) aggregating up to Rs. 500 cr with an option to retain over-subscription of upto Rs. 500 cr for issuance of additional NCDs.Details of the Issue is as followed :Issue Period : July 27, 2009 to August 14,2009 (With the option of closing earlier or extended upto a period of 1 month).Stock Exchange Proposed listing : NSE.Tenor : 3/5 years depending upon option applied.Interest on Application Money : 8% pa on the allotted amount.Interest on refunds : 2.5% pa on valid refund amount.Basis of allocation : First come first basis.Tax Implication : No Income tax is deductible at source on Interest..Rating : 'CARE AA+' by CARE and 'AA' by Fitch .
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Adani Power Limited IPO

Particulars
Adani Power Limited Ltd
Planning to Offer
30,16,52,031 no. of equity shares
Face value
Rs.10/- each at a price to be discovered through book building process
Price band announced
Rs.90/- to Rs.100/- per equity share
Issue is scheduled to pen
28.07.2009
Issue is scheduled to close
31.07.2009
Managers to the Issue
DSP Merrill Lynch Ltd, Enam Securities Pvt. Ltd, IDFC – SSKI Limited, JM Financial Consultants Pvt. Ltd, Kotak Mahindra Capital Limited, Morgan Stanley India Company Private Limited, ICICI Securities Limited and SBI Capital Markets Limited.

We find from our records that you are one of the regular investors in IPOs/equity shares. We thought it appropriate to bring to your notice the following:
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LIC Introduce New Jeevan Varsha plan no 196

LIC'S New JEEVAN VARSHA (PLAN No. 196): A Close ended plan which would be open for sale from 16th February 2009 to 31st March 2009. LIC's Jeevan Varsha is a money back plan with Guaranteed Additions and Loyalty Additions, if any. The benefits and other details of this plan are given below.
Plan No.196 Benefits:
a) Death BenefitOn death during the policy term excluding last policy Year: Sum Assured with assured Guaranteed Additions.
On death during last policy year: Sum Assured with accrued Guaranteed Additions along with Loyalty Addition, if any.
b) Survival BenefitsSurvival benefits will be payable as given below.
Percentage of Sum Assured under the basic Plan
Survival to end of
9-Year Plan
12- Year Plan
3 Years
15%
10%
6 Years
25%
20%
9 Years
---
30%

c) Maturity BenefitFor policy term of 9 years: 60% of the Sum Assured along with Guaranteed Additions and Loyalty addition, if any, will be payable.
For policy term of 12 years: 40% of the Sum Assured along with Guaranteed Additions and Loyalty addition, if any, will be payable.
d) Guaranteed Addition: The Guaranteed Addition will accrue for each policy year at the following rates:
Rs: 65 per thousand Sum Assured per year for a policy of 9 years term.
Rs:70 per thousand Sum Assured per year for a policy of 12 years term.
e) Loyalty Addition: Depending upon Corporation's experience with regard to policies issued under this plan, the policy will be eligible for Loyalty Addition on death during the last policy year or on the Life Assured surviving the stipulated date of maturity at such rate and on such terms as may be declared by the Corporation.
Eligibility Conditions and Restrictionsa) Minimum Sum Assured : Rs.50,000/-b) Maximum Sum Assured : Rs 25,00,000/-c) Minimum age at entry : 18 years completed.d) Maximum age at entry : 55 years nearest birthdaye) Maximum age at maturity : 70 years nearest birthdayf) Policy Term : 15 & 20 yearsThe Sum Assured shall be in multiples of Rs. 5,000
Mode of Premium Payment: Yearly, Half Yerly, Quarterly & Monthly (through ECS only).
Contact us for free quotes on LIC's Jeevan Varsha Life Insurance olicy. Our LIC of India's Authorised Agent/ Insurance Advisor/Consultant will Contact you within 24 hrs. Type your Business querry here.