About Me

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Trichy, Tamil Nadu, India
Working as an Assistant in LIC of India, Rockfort BO, Trichy, TN. Having a strong belief that LIC's welfare is our welfare and always trying to work towards that. Also functioning as an office bearer of AIIEA Thanjavur Division.

Friday, July 31, 2009

Market 31/7/09

Market31/7
BSE
Sensex +282.35
Midcap +64.62
NSE
Nifty +65.00
These indices are not direct indicators of NAV.
-Arivukkadal

Save LIC

Govt moves I step to privatise LIC.
To enable selling of shares of LIC,
increase capital & bring LIC into IRDA purview
Bill introduced todayin Rajyasabha

LIC employees go on 2 Hr walk out strike on 4.8.2009 Tuesday
Support them
Go with them, explain the public
about govt's ill-conceived move

30/7/09 NAV

30/7/09NAV
B 44.49
FU 19.63
J 18.36
MY 10.51
MK 13.10
FO 10.22
PR 10.09
H 10.95
MY1 12.27
MK1 12.05
CF 13.41
HP 10.13
JS 10.02
-Arivukkadal

What are you doing?

LIC market share increased to 62%
Whats our share?

All Pvt minus
LIC +20%
As the wind blows, you must set your sail
-Proverb

what stops U?

Good Morning 31/7/09

Good Morning

Day 122
Spent 33.15%

4 full months are over!

Put all your excuses aside and remember

YOU ARE CAPABLE!

-Arivukkadal

Stocks 30/7/09

Market30/7
BSE
Sensex +214.50
Midcap +29.31
NSE
Nifty +57.95
These indices are not direct indicators of NAV.
-Arivukkadal

NAV 29/9/07

29/7/09NAV
B 44.49
FU 19.47
J 18.22
MY 10.43
MK 12.99
FO 10.15
PR 10.03
H 10.92
MY1 12.21
MK1 12.00
CF 13.32
HP 10.12
JS 10.02
-Arivukkadal

News...

Whats in news?

LIC grabs 62% market
share; private insurers
slip in negative!
-livemint

LIC grows 20%, pvt players bleed!
-Hindustan Times

Good Morning 30/7/09

Good Morning!
Day 121
Spent 32.88%

Success
is the maximum utilization
of the ability that U HAVE!

Utilizing or not
is also in your hands!

Stock Market 29/7/09

Market29/7
BSE
Sensex -158.48
Midcap -54.28
NSE
Nifty -50.60
These indices are not direct indicators of NAV.
-Arivukkadal

28/7/09 NAV

28/7/09NAV
B 44.49
FU 19.53
J 18.31
MY 10.50
MK 13.08
FO 10.23
PR 10.10
H 10.95
MY1 12.27
MK1 12.08
CF 13.40
HP 10.12
JS 10.01
-Arivukkadal

Like previous day
yesterday also Sensex -43 pts.
But all our NAVs are grown.
Not even a single NAV got de-growth!
That is the power of LIC!

Good Morning 29/7/09

Good Morning
Day 120
Spent 32.60%
The time is always right
to do the right thing!
What are you waiting for?
Time is not going to wait for U!

Stock Market 28/7/09

Market28/7
BSE
Sensex -43.10
Midcap +61.87
NSE
Nifty -8.20
These indices are not direct indicators of NAV
-Arivukkadal

27/7/09 NAV

27/7/09NAV
B 44.37
FU 19.49
J 18.30
MY 10.49
MK 13.07
FO 10.22
PR 10.10
H 10.94
MY1 12.27
MK1 12.06
CF 13.40
HP 10.12
JS 10.01
-Arivukkadal

Do U remeber my yesterday's prediction?
Though sensex is -ve, all NAVs of LIC are grown or stable.
Not even a single NAV got de-growth!

Stock Market 27/7/09

Market27/7
BSE
Sensex -3.92
Midcap +88.69
NSE
Nifty +3.75
We may expect slight growth of LIC's NAVs, though sensex is -ve, as midcap is +ve.

25/7/09 NAV

25/7/09NAV
B 44.37
FU 19.47
J 18.24
MY 10.47
MK 13.04
FO 10.20
PR 10.09
H 10.93
MY1 12.27
MK1 12.04
CF 13.35
HP 10.12
JS 10.01
-Arivukkadal

Good Morning 27/7/09

Good Morning!
Day 118
Spent 32.05% of 2009-10

To achieve your target
Plan & work for more than your target!

Greetings,
Arivukkadal

Good Morning 26.7.09

Good Morning
Day 117
Spent 31.78%
If U want 365 days in a year to work
U should work on Sundays also!
Wishing you a productive Sunday!!

24/7/09 NAV

24/7/09NAV
B 44.37
F 19.47
J 18.25
MY 10.47
MK 13.04
FO 10.20
PR 10.09
H 10.94
MN1 12.27
MK1 12.04
CF 13.35
HP 10.12
JS 10.01
-Arivukkadal

IRDA made PAN compulsory for annual premium above 1 lac.

Text of IRDA Circular:

It ha s be e n de cide d to m a nda te the re quire m e nt o f P AN o n a ll high va lue insura nce
pro ducts.
All Insure rs a re the re fo re a dvise d to co lle ct P AN fro m a ll pe rso ns purcha sing
insura nce pro ducts whe re the co ntra cte d a nnua l pre m ium pa ya ble o n the insura nce
po licie s, pe r po licy ba sis, e x ce e ds R s. 1.00 la k h.
T his circula r co m e s into fo rce with im m e dia te e ffe ct. All Insure rs a re a dvise d to
co m ply with the dire ctio ns issue d in this circula r unde r co nfirm a tio n to the Autho rity
no t la te r tha n 01.08.2009.

Monday, July 27, 2009

IRDA proves that it is a representative of Pvt. Ins. Cos.!

Industry expects Insurance Bill to be
passed soon: IRDA
Category » Business Posted On Friday, July 24, 2009
Agencies
New Delhi July 24:
The insurance industry expects the Insurance Bill, which has already been tabled in the Rajya
Sabha and is currently pending with the Standing Committee on Finance, to be passed soon,
Insurance Regulatory and Development Authority Chairman J Hari Narayan said. ''The
Insurance Bill has been placed in Parliament and it has been referred to the Standing
Committee...we are looking forward that the Bill will be considered by the
Committee...Sooner than later, the Bill will be passed that is what the industry is hoping,'' he
said on the sidelines of 'National Summit on Indian Insurance Induatry, 2009,' organised by
Assocham.
Mr Narayan said, ''the matter is before Parliament which is a supreme body, so I can't
comment on the timeframe''. Talking about the recent capping on overall charges, which the
life insurance firms can levy on customers of their Unit Linked Insurance Policies (ULIPs), he
said the move will enable companies to become more efficient as well as benefit the
customers. ULIPs are the products, which could be invested in equity markets, and
investments in them are subject to market risk.
For insurance contracts, which have a tenor of less than or equal to 10 years duration, the
difference between gross and net yields shall not exceed 300 basis points, of which fund
management charges shall not exceed 150 basis points. For other contracts of above 10-year
period, the difference between gross and net yields shall not exceed 225 basis points, of
which the fund management charges shall not exceed 125 basis points, according to the new
provisions.
--Central Chronicle

Saturday, July 25, 2009

Regulator is irregular!

IRDA misused funds!
-CAG Report in Parliament yesterday!
Regulations are for LIC only!
Not for IRDA!!
(or not even for Pvt. Ins. Cos.!!!)

CAG pulls up IRDA for ‘benefits’ to members

‘IRDA gave unauthorised benefits to members’

NEW DELHI, 24 JULY: Insurance regulator IRDA has been pulled up by the Comptroller and Auditor General for allegedly giving unauthorised benefits to its over Rs 25 lakh members.
“Insurance Regulatory Authority (IRDA) spent Rs 25.38 lakh on unauthorised benefits to its members during March 2004-June 2008,” the CAG said in its report tabled in Parliament today.
The auditor said in March 2008 it was found that the IRDA provided facilities such as payment of actuarial allowance at Rs 10,000-65,000 per month, club membership, besides providing treadmills and inverters at the residence of the members.
The facilities provided was in “contravention to the rules”, CAG said.
The auditor had also asked the finance ministry to direct the IRDA to withdraw the benefits given to the members and recover Rs 25.38 lakh paid to them or spent on them.
However, the insurance regulator said in March last year that the inverters were provided due to frequent power cuts and treadmills were provided at the residences due to paucity of space in the office gymnasium. ; PTI

Good Morning

Good Morning

Day 116

Spent 31.51%

To get success

we need not be the best

but

we must try our best!

With greetings

Arivukkadal

Friday, July 24, 2009

Market24/7

Market24/7
BSE
Sensex +147.92
Midcap +88.44
NSE
Nifty +44.80
These indices are not direct indicators of NAV
-Arivukkadal

23/7NAV

23/7NAV
B 43.41
F 19.31
J 18.10
MY 10.41
MK12.94
FO 10.14
PR 10.05
H 10.89
MY1 12.23
MK1 11.98
CF 13.30
HP 10.12
JS 10.01
-Arivukkadal

Join LICTRY

Our LICTRY SMS service brings all updates of Insurance Industry to you!
To get SMS
send SMS to 567678
as JOIN LICTRY
(to stop LEAVE LICTRY)
We plan to cross 500 member mark by this month!
Make atleast 5 of your friends join
LICTRY group before end of this month!
Wish you all the Best!

Apr-Jun Growth

LIC +19.98%
ICICI -49.24%
Bajaj -30.31%
SBILife -6.61%
BirlaSL -12.35%
HDFC -15.79%
We are in strong position!
If not now...?

Thursday, July 23, 2009

LIC hikes stake in Tata Steel to 12 pc

Lif e Insurance Corporation of India has hiked its
stake in Tata Steel to 12.10 per cent af ter purchasing shares
worth Rs 573.40 crore, through an open market transaction.
LIC has bought 1,54,48,085 shares, representing 2.114 per
cent in the company , f or Rs 573.40 crore, Tata Steel said in a
disclosure on the Bombay Stock Exchange.
Prior to the purchase, LIC held 9.89 per cent, while now it
holds 12.1 per cent stake or 8,84,09,445 shares of Tata Steel.
Shares of Tata Steel today closed at Rs 414.75 on the BSE,
up 4.13 per cent f rom prev ious f iscal.

LICTRY

Due to problems in this service
we shift again to LICTRY group.
If you are not a member of LICTRY
send
JOIN LICTRY
to 567678
Thank you
Arivukkadal

Market23/7

BSE
Sensex +387.92
Midcap +118.63
Smlcap +125.49
NSE
Nifty +124.85
These indices are not direct indicators of NAV
-Arivukkadal

22/7NAV

B 43.41
FU 19.17
J 17.99
MY 10.33
MK 12.85
FO 10.09
P 10.00
H 10.88
MY1 12.13
MT1 11.92
CF 13.24
HP 10.11
JS 10.01
Arivukkadal

Good Morning 23/7/09

Day 114
Spent 30.96%
It is not enough to be in the right direction;
You should move to reach your destination!

Wednesday, July 22, 2009

Market22/7

BSE
Sensex -219.37
Midcap -50.47
Smlcap -20.46
NSE
Nifty -70.20
These indices are not direct indicators of NAV
-Arivukkadal

21/7NAV

B 43.41
FU 19.17
J 17.99
MY 10.33
MK 12.85
FO 10.09
P 10.00
H 10.88
MY1 12.13
MT1 11.92
CF 13.24
HP 10.11
JS 10.01
Arivukkadal

Good Morning

Day 113
Spent 30.68%
You never fail until you stop trying.
-Florence Griffith Joyner
(Guide others to join this new service)

Tuesday, July 21, 2009

Market21/7

BSE
Sensex -128.52
Midcap -9.88
Smlcap +13.95
NSE
Nifty -33.15
These indices are not direct indicators of NAV
-Arivukkadal