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INSURANCE COMPANIES WENT PUBLIC IN 2017

IPO     Initial public offering, As the name suggests any private company went to public by selling of stock for the first time to general public. Before going to public only few people can invest in the share like founder and its family members , venture capitalists and angel investors but after announcing it  to go for public(IPO),  people who are interested can buy the shares.  Insurance companies went public this year:     Two life insurance companies:  SBI life insurance Co .Ltd  HDFC Standard life insurance Co.Ltd    Three non-life insurance companies:  ICICI Lombard general insurance company of India  The New India Assurance Company  Reinsurer General Insurance Corporation of India IPO give the industry a lot of  visibility. It provides a greater level of transparency, governance and compliance Which is good for industry. Greater transparency and accountability due to listing are long term positives for policy holder in India.                
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ULIP versus Traditional life insurance policy

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Traditional Life Insurance Policy             These plans invest your money in very low risk. Since there is very low risk the returns are too low. It can be Money Back Plan : You will get a percentage of sum assured at regular time of interval, instead of getting lump sum amount at the end of the term. It gives the benefit of both death and survival along with benefit of liquidity. In case of death of insured ,nominee will get the entire sum assured and the survival benefits are not deducted. Term Plan: It provide protection against a specific period of time in case of death of policy holder the death benefits paid by company to the nominee. The insured is however not entitled to get benefit if he outlives the term period. It provides a large amount of insurance sum assured only at very low price. Endowment Plan: An endowment policy is essentially a life insurance policy which, apart from covering the life of the insured, helps the policyholder save regular
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Location: Plot Number 5, Knowledge Park 2, NCR, Greater Noida, Uttar Pradesh 201306, India
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