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Varialble Life Insurance


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11/11/2008 News For:

Varialble Life Insurance


BoB likely to start life insurance biz early next fiscal  State-run Bank of Baroda has said its life insurance venture with the UK-based Legal and General Group is expected to start business in the first quarter of the next fiscal.

SBI Life eyes Rs 11,000-cr business in FY09  SBI Life Insurance, the second largest private life insurance company in India, has targeted a total business volume of Rs 11,000 crore during the current year. Of the Rs 11,000 crore, new business or new premium, both single and regular, will account for Rs 8,500 crore.

New York Life Opts Out of Capital Program  New York Life Insurance Co. announced Thursday that it will not participate in the Treasury Department's Capital Purchase Program.

Regulators issue draft revision to capital requirements for life insurance cos.  Canadian insurance regulators are proposing to revise their approach to setting capital requirements for the life insurance industry ahead of a new capital adequacy framework.

Is your insurance safe?  Major U.S. life insurers like MetLife, Prudential Financial and the Hartford are reeling from third-quarter losses. Here are answers to some basic questions about the safety of life insurance policies.

Life insurance to pay off debt   When life insurance is used to pay off a loan, it's an exception to the tax-free rule, says CPA George Saenz.

Affiliate chiefs and their triumphs  Outside Samsung Electronics, Lee Soo-bin, chairman of Samsung Life Insurance, is the eldest CEO. He leads a council of affiliate presidents. Lee Soo-chang, Samsung Life Insurance CEO, has introduced an in-company college to nurture financial experts.

Farmer accused of murdering wife to claim insurance FWi  A farmer killed his wife in an attempt to claim ?400,000 in life insurance to fund an extravagant lifestyle with his lover, a court has been told.

AIG Sale of Japan Units Finds Hesitant Buyers, Nikkei Says  Nov. 11 -- American International Group's planned sale of three Japanese life insurance subsidiaries hasn't attracted the interest of would-be buyers in Japan, Nikkei English News reported, citing no one.

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