Life insurance is a contract whereby, for an agreed payment (premium), the insuring company agrees to pay the insured, or his beneficiaries, a fixed sum or an income upon the death of the insured.In addition, life insurance can be used as a means of investment or savings.
ICICI Bank is India’s second-largest bank with total assets of Rs. 3,663.74 billion (US$ 76 billion) at September 30, 2009 and profit after tax Rs. 19.18 billion (US$ 398.8 million) for the half year ended September 30, 2009. The Bank has a network of 1,588 branches and about 4,883 ATMs in [...]
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INDUSTRY BACKGROUND
The mutual fund industry started in India in a small way with the UTI Act creating what was effectively a small savings division within the RBI. Over a period of 25 years this grew fairly successfully and gave investors a good return, and therefore in 1989, as the next logical [...]
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