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12/25/2008 News For:

Variale Annuities


Charitable Annuity Safetynet  Charitable gift annuities give you a steady return combined with a tax deduction. Here's how to pick one

SEC Designates Fixed Annuities as Securities  The SEC today approved the adoption of a new rule designating indexed annuities as securities.

Banking and Financial  On December 17, 2008, the SEC approved Rule 151A granting the SEC the authority to regulate certain indexed annuity products.

Business Briefs  San Luis Trust Bank is holding its third annual Warm Coat Drive and is participating in the Secret Santa Program through today.

Regulators May Ease Reserve Rules as Insurers? Options Dwindle  Dec. 19 -- State insurance regulators are seeking to ease reserve requirements for life insurers, increasing the companies? liquidity as investors and banks curtail funding of the industry.



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Disability Insurance

Export credit insurance norms soon  The government is likely to announce in a few days details of insurance sops on export credit to banks and exporters as part of the first fiscal stimulus package, said S Prabhakaran, executive director, Export Credit Guarantee Corporation of India ECGC.

SBI to inject funds into insurance arm  The country's largest public sector lender, State Bank of India, is planning to inject fresh capital into its insurance arm, SBI Life, which is awaiting the right market conditions to raise funds through an initial public offering IPO.

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