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Tag: equity

Aegon Life Insurance plans to tie up e-commerce players, build brand equity

Aegon Life Insurance plans to tie up e-commerce players, build brand equity

Finance
With a business strategy of acquiring policy-holders through digital mode sans intermediaries, Aegon Life Insurance Company plans to tie up with e-commerce players, expand product portfolio and build brand equity, said a top company official. "We will look at people/organisations having digital pools of customers and tie-up with them. We will expand our digital presence as well as our product range. The products will be simple to understand and buy while the process of policy purchase is also being further simplified," Vineet Arora, Managing Director and CEO told IANS on Wednesday. Aegon Life -- a joint venture between Bennett, Coleman and Company Ltd and Netherlands-based Aegon N.V. -- though started operations in 2008 rewrote its business model as digital direct two years back. The compa...
Mutual funds managing more equity assets than insurers for the first time: ICRA report

Mutual funds managing more equity assets than insurers for the first time: ICRA report

Finance
For the first time, mutual funds have managed more money in equities than insurers in the month of October 2018, according to the data released by National Securities Depository Limited (NSDL). As per the data, equity assets managed by insurance companies came in at Rs 9.22 lakh crore as against Rs 9.32 lakh crore by mutual funds. Data released by Association of Mutual Funds in India (AMFI) showed that assets under management (AUM) of the mutual fund industry grew at 8.08% month-on-month (MoM) and 5.45% year-on-year (YoY) basis to Rs 24.03 lakh crore in November 2018. Equity AUM (including equity linked savings scheme), balanced funds and ETFs run by mutual funds stood at Rs 10.44 lakh crore in November 2018, up by 3.74% (MoM basis) and 8.92% (YoY basis). As per ICRA report, the mutual fun...
Booking vacation to Bermuda vs. a new kitchen: Here's how some people misuse their home equity loan

Booking vacation to Bermuda vs. a new kitchen: Here's how some people misuse their home equity loan

Finance
You shouldn't use your house to help pay your monthly bills, but nearly 1 in 6 American homeowners thinks that's just fine. Those were the findings from a recent survey by Bankrate.com. Earlier this month, the personal finance website took an online poll of 719 homeowners, asking them about using their home equity — the market value of your abode minus the outstanding loan you have on your dwelling. Though nearly 75 percent of participants said that improvements and repairs were "good uses" of home equity loans and lines of credit, many felt that they could tap value of their house for a range of other uses. ...