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Sino Life Insurance Mulls An Insurance Group
Sino life insurance Co. is expecting to grow into an insurance group that will operates property insurance, pension insurance and insurance sales units in addition to life insurance before launching an overall listing.
Sino life insurance, incorporated in March 2003, had CNY 56.6 billion total assets and CNY 50.679 billion liabilities as at November 30, 2011. It obtained CNY 22.21 billion premiums in the first 11 months of 2011, representing a year-on-year increase of 59.6%.
Income Tax Post Budget 2012
The Union Budget of 2012 was unveiled by the Finance Minister in February this year. A mixed bag of reforms and recommendations, the budget on one side has brought about cheer to many, where as to certain others it has not gone down too well.
Significant tax reforms have been proposed, effective April 1, 2012. New Tax slabs, and raised exemption levels are some of the proposed changes.
Warning over subsidence as drought grips part of the country
PUBLISHED: 16:04 EST, 31 March 2012 | UPDATED: 06:15 EST, 1 April 2012
While many of us enjoyed the sun last week, the worsening drought means hosepipe bans will be imposed on millions of homes in the South from Thursday.
How to spot subsidence
Insurance claims for subsidence usually rise dramatically after long spells of dry weather, though Asia Yasir at insurer esure says that not everyone who spots cracks in the paintwork should be alarmed.
Tips On Getting Affordable Private Health Insurance
If you don’t have any insurance, then it is about time to get some and I am going to show you how you do that. What most people don’t realize is that getting private health insurance is one of the best things to do and the reason is because you have the option to customize your policy to suit you and nobody else. Think about it, if you get a general health insurance policy, then you will be paying for things that you might not even use and instead of doing that you can simply switch those things out for something you can use.
Now in order to get affordable private health insurance one of the things that you need to do is get insurance quotes. Now Read full article…
Budget 2012-13 impact on Life Insurance
Life insurance policies which for long have been bought as a savings & investment instrument and a tax-saving tool may now be back to its original avatar. The amendments in Budget 2012-13 send out a single message – avail life insurance policies for pure risk cover.
The budget proposal has brought in some change that will affect the insurance industry and policyholders. First, all regular premium life insurance policies will be eligible to vbe exempted from income tax each year (under section 80C) only if the Basic Sum Assured is at least 10 times the Annual Premium. T
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