FM has asked Life Insurance Corporation of India to appoint board members in 50 companies

NEW DELHI: The Finance Ministry has asked Life Insurance Corporation of India to appoint board members in 50 companies in which it has a stake and no representation. 

The insurance behemoth has stakes in about 123 companies, of which it has board members in 73 firms, while there is no representation in 50 companies, a senior Finance Ministry official said. 

http://economictimes.indiatimes.com/news/economy/policy/finance-ministry-asks-lic-to-name-board-members-in-50-firms/

Life Insurance Certificates to be in D-mat format

One of the easiest and convenient way of handling the documents will be in electronic format or in dematerialized format. Advantages are already known to all by having stocks, FDs, Mutual Funds or Bonds. Now the turn is for your Insurance Policies.

To secure the policy documents and serve the clients in a better way IRDA recently launched the Repository system which will keep all your Insurance Policy documents into electronic format. Let us see the procedure and how we can convert our policies to E-Insurance.

The advantages of having your policy documents in Demat form-

• It provides fair treatment to policy holders as there will be no possibility of loosing your documents.
• This facility totally eliminates paper and storage risk of your policy documents.
• It automatically improves the speedy genuine claim settlements and present frauds.
• One time KYC for insurance buying irrespective of company product you want to buy.
• Change in address, nominee or other related services can be done at a single point of service. These changes will automatically update all your insurance policies irrespective of company.
• It will drastically reduce of mis-selling. Currently few agents used to keep the policy documents with them till the expiry of 15 days free look period, which will not be possible from now.
• It will reduce your policy maintenance expenses drastically. For example LIC spends around Rs.500 to Rs.600 in storing a policy.
• Your premium may get reduced. But don’t to what level as insurers need to pay to demat providers also.
• You can pay for all your demat policies at one point by login to your account.

What do you mean by Insurance Repositories?

These are the registered companies who got approval from IRDA to maintain the data in demat form on behalf of insurance companies. Below is the list of such repositories who currently got approval from IRDA.

1) NDSL Database Management Limited

2) Central Insurance Repository Limited

3) SHCIL Projects Limited

4) Karvy Insurance Repository Limited

5) CAMS Repository Services Limited

Below are the few points related to this service

• You can keep all your existing policies as well as future policies with anyone of the above repositories indemat format.
• As told above you can convert your existing physical documents of policies into demat format.
• Such account of holding in demat format is called as eIA (Electronic Insurance Account).
• With the click of button on your account, you can view all your existing policies.
• Repositories acting as single stop shop, you can change address, nomination and other service related request with speed and accuracy.
• You need one time KYC formalities while opening the account irrespective of Insurance Company you are dealing with.
• You can convert your Life Insurance, Health Insurance, Pension Policies and General Insurance Policies into eIA format. But currently you are able to convert only Life Insurance policies only.
• This facility is “Free of Cost“.
• You can nominate someone to operate this account in case of your demise or disability for further processing of claim settlement.
• If you are not satisfied with one repository then you can switch any other above listed repositories.
• You will receive the annul statement from repository about the details of holding policies.
• The above said repositories can only act as a service provider but can’t sell insurance policies to you. So feel free 
• Each user will have unique Login ID and Password which will also have unique Account Number.
• You can not open multiple e-Insurance Accounts.
• Approved Person (AP) is the point of sale from repository to serve you.
• You can get the E-Insurance Account opening form from your Insurance Company, Insurance Repository or with Approved person.
• Documents required for opening E-Insurance Account are

1. Photo ID (PAN CArd or Aadhar Card)
2. Recent Passport size photo.
3. Cancelled Cheque (to pay future benefit directly to your account).
4. Address Proof. (Ration card, Passport, Aadhar Card, Voter ID card, Driving license, Bank Passbook-not more than 6 months old, verified copies of -Electricity bill of not more than 6 months old, residence telephone bills of not more than 6 months old, registered lease or sale agreement, self declaration by High Court or Supreme Court judges, ID card with address of Central/State Govt Employees, Statutory/Regulatory Authorities, Public Sector Undertakings, Schedules commercial banks, public financial institutions, colleges affiliated to universities, professional bodies such as ICWAI, ICAI, Bar Council etc. to their members).

• You can open this account even without having a single insurance policy too. But after buying you need to give request for demat format.
• Once you submit all documents for opening E-Insurance Account your account will be opened within 7 days and you also receive the welcome kit which makes you familiar in dealing with this account.
• Once you have E-Insurance Account during future buying you just need to mention your unique E-Insurance Account number into proposal form so that your new insurance company issue it ineIA format.
• Authorized representiave of your eIA account will have only access to your account but not the policy benefit. But both nominee and authorized representative is same then he/she can get the policy benefits.
• You can change authorized representative at any point of time.
• You have the option to stay away from eIA account also. In such case your policy documents will be as is now in physical format.

T20 Cricket matches live from Srilanka

LIVE T 20 CRICKET MATCHES FROM SRILANKA

Bank branch in UNNAO,LIC, IFSC, MICR Codes, Address, All Bank Branches in India, for NEFT, RTGS, ECS: Bankcode.in

Bank branch in UNNAO,LIC, IFSC, MICR Codes, Address, All Bank Branches in India, for NEFT, RTGS, ECS: Bankcode.in

Reliance Capital Mutual Funds Ltd
No.N-112/114, 1ST Floor, North Block, Manipal Centre, Dickenson Road, Bangalore - 560042
Contact Nos.: +91-(80)-30301111
Fax: +91-(80)-41477478
Toll Free: 180030011111
Website: www.reliancemutual.com
For Investment in any Mutual funds in Bangalore, Pls visit moneybangalore.com

Birla Mutal fund in Bangalore

Birla Sun Life AMC LTD
Flat No.SG-14, Ground Floor, South Block, Manipal Centre, No.47, Dickenson Road, Bangalore - 560042
Contact Nos.: +91-(80)-42443636
Toll Free: 18002707000
Website: www.birlasunlifeamc.com



For any investment in Mutual funds, pls visit moneybangalore.com

PAN Card UTIITSL/TIN NSDL Customer Service

PAN Card Customer Care Number

PAN means Permanent Account Number issued by the Indian Income Tax Department. This number is almost mandatory for financial transactions such as opening a bank account, receiving taxable salary or professional fees, sale or purchase of assets above specified limits. You can apply for new PAN card or request for changes/correction in existing PAN data through TIN-NSDL (Tax Information Network - National Securities Depository Ltd.) or UTIITSL (UTI Infrastructure Technology And Services Limited).

PAN Card Customer Care BANGALORE
Address - UTI Infrastructure Technology And Services Limited, No. 153/1, 1st Floor, Above Farico Showroom, Old Madras Road, Halasuru, BANGALORE - 560008
Branch Incharge - Shri Kamalesh Peter
Telephone Number - (080) 25553300/ 25553301
Email ID - isw.bangalore@utiitsl.com
Region - South


PAN Card Customer Care Chennai
Address - UTI Infrastructure Technology And Services Limited, 45, Justice Basheer Ahmed Building, Second Line Beach, CHENNAI - 600001
Branch Incharge - Mr. Rathinam Sunderaj (Vice President & Southern Region - al Manager), Mr. Paul Bastin (AVP)
Telephone Number - (044) 25341224 / 25341265 / 25341356 ; Fax: (044) 25341346
Email ID - chennai@utiitsl.com / isw.chennai@utiitsl.com
Region - South

PAN Card Customer Care COIMBATORE
Address - UTI Infrastructure Technology And Services Limited, 1437, Red Rose Chambers, 2nd Floor, Trichy Road, COIMBATORE - 641018
Branch Incharge - Shri G Samy
Telephone Number - (0422) 6472777
Email ID - isw.coimbatore@utiitsl.com
Region - South

PAN Card Customer Care HUBLI
Address - UTI Infrastructure Technology And Services Limited, Ishwarappa Cornor, 1st Floor, Savanur Building, Koppikar Road, HUBLI - 580020
Branch Incharge - Shri Vishwanath Hiremath
Telephone Number - (0836) 2361681 / 2361682
Email ID - isw.hubli@utiitsl.com
Region - South

PAN Card Customer Care HYDERABAD
Address - UTI Infrastructure Technology And Services Limited, Surabhi Arcade, 1st Floor, 5-1-664, 665 and 669, Bank Street, HYDERABAD - 500001
Branch Incharge - Mr. Pathri Shantaram
Telephone Number - (040) 24731626 / 24731627/ 64571699
Email ID - isw.hyderabad@utiitsl.com
Region - South

PAN Card Customer Care MADURAI
Address - UTI Infrastructure Technology And Services Limited, No. 86, New Jail Road , Opp. Madura Coats, MADURAI - 625016
Branch Incharge - Mr. N. Karthikeyan
Telephone Number - (0452) 6452116
Email ID - isw.madurai@utiitsl.com
Region - South

PAN Card Customer Care MANGALORE
Address - UTI Infrastructure Technology And Services Limited, F-02, 1st Floor, Souza Arcade, Opp. Jyothi Talkies, Balmatta Road, MANGALORE - 575001
Branch Incharge - Shaji K V
Telephone Number - (0824) 6450157 / 6450517
Email ID - isw.mangalore@utiitsl.com
Region - South

PAN Card Customer Care Mumbai
PAN PROCESSING CENTRE (Corporate Office - GSD)
Address - UTI Infrastructure Technology And Services Limited, UTI Tower, Plot No. 3, Sector 11, CBD BELAPUR, NAVI MUMBAI - 400614
Branch Incharge - Ms. Daksha Thakur (Asst. Vice President)
Telephone Number - (022) 67931300; Fax: (022) 67931399
Email ID - utiitsl.gsd@utiitsl.com
Region - West

PAN Card Customer Care New Delhi
Address - UTI Infrastructure Technology And Services Limited Ground Floor, Jeevan Tara Building, Opp. Patel Chowk Metro Station, 5 Parliament Street, New Delhi - 110001
Branch Incharge - Mr. Anil Verma (Vice President & Northern Region - al Manager), Mr. Pradeep Shenoy (AVP)
Telephone Number - 011-23741282-86
For PAN Queries 25820517, Fax: (011) 23741280
Email ID - newdelhi@utiitsl.com / isw.newdelhi@utiitsl.com/ pan.delhi@utiitsl.com
Region - North

Rajendra Place Branch
Address - UTI Infrastructure Technology And Services Limited Ground Floor, Jeevan Tara Building, Opp. Patel Chowk Metro Station, 5 Parliament Street, New Delhi - 110001
Branch Incharge - Mr. Ashish Sharma
Telephone Number - (011) 25854316 / 25820517
Email ID - isw.rajendraplace@utiitsl.com / pan.delhi@utiitsl.com
Region - North

New Delhi
Address - UTI Infrastructure Technology And Services Limited, 111, Pratap Bhawan, 5, Bahadur Shah Zafar Marg, NEW DELHI - 110002
Branch Incharge - Mr. S P Malik
Telephone Number - (011) 41509625
Email ID - isw.newdelhi@utiitsl.com
Region - North

Laxmi Nagar, New Delhi
Address - UTI Infrastructure Technology And Services Limited, G 5 - G 5 A ground Floor, Pragati Deep Building, Laxmi Nagar District Centre, Delhi 110092
Branch Incharge - Ms. Priya Jain
Telephone Number - (011) 22445022
Email ID - isw.preetvihar@utiitsl.com
Region - North

PAN Card Customer Care VIJAYAWADA
Address - UTI Infrastructure Technology And Services Limited, Vasu Estates, 27-77-8/2A, Bundar Road, VIJAYAWADA - 520002
Branch Incharge - Mr. Nand Kishore
Telephone Number - (0866) 6617199
Email ID - isw.vijayawada@utiitsl.com
Region - South

PAN Card Customer Care VISAKHAPATNAM
Address - UTI Infrastructure Technology And Services Limited, 47-3-15, Opp. APTECH Computers, Dwarka Nagar,5th Lane, VISAKHAPATNAM - 530016
Branch Incharge - Ms. B. Jyoti Laxmi
Telephone Number - (0891) 6462333
Email ID - isw.visakhapatnam@utiitsl.com
Region - South

Branch Offices
New Delhi
409/410, Ashoka Estate Building
4th floor, Barakhamba Road
Connaught Place
New Delhi 110 001.
Tel: (011) 2335 3815 / 2335 3817
Fax: (011) 2335 3756

Chennai
6A, 6th Floor, Kences Towers
#1 Ramkrishna Street
North Usman Road
T. Nagar
Chennai - 600 017
Tel: (044) 2814 3917/18
Fax: (044) 2814 4593