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Power Grid InvIT mops up ₹ 3,480 crore from 47 anchor investors K.R.Srivats New Delhi | Updated on April 29, 2021 Public issue of Power Grid InvIT opens today; price band is ₹ 99-100 per unit Maharana company Power Grid Corporation’s InvIT offering got off to a strong start, with the anchor book seeing a mop-up of ₹ 3,480 crore on Wednesday from 47 institutional investors that included many international and leading domestic funds. The amount mobilised through the anchor book accounted for nearly 45 per cent of the targeted ₹ 7,735 crore from the public issue. The public issue of this InvIT, first ever from a public sector company, opens on Thursday and has a price band of ₹ 99-100 per unit. ....
March 15, 2021 × In the post Covid-19 world, life insurers are now looking to ride on changed consumer preference to guaranteed income products. They have now realised that the masses, especially in interior India, have turned risk averse and want to be shielded from market and interest rate volatility, thereby favouring products that assure guaranteed income, according to industry players. For instance, Canara HSBC Oriental Bank of Commerce Life Insurance, whose new business from guaranteed products for FY 19-20 and April-December 2020 stood at healthy 35 per cent for both years, has recently rolled out its fifth guaranteed product, Guaranteed Income4Life. It is a non-linked, non-par individual life insurance savings-cum-protection plan which not only offers an individual the opportunity to secure his/her life but also allows one to have regular income to take care of both long-term and short-term financial goals, said Akshay Dhand, Appointed Actuary, Canara HSBC ....
Canara HSBC OBC Life Insurance rolls out group COVID care policy for its employees Details The expenses pertaining to COVID hospitalisation, home care treatment, Ayush treatment, pre & post hospitalisation up to 15 & 30 days will be covered in this additional policy. Indian insurance firm, Canara HSBC Oriental Bank of Commerce (OBC) Life Insurance, has rolled out additional group COVID care policy for its designate employees, catering to the needs of insurance industry employees who are meeting and interacting with customers on a regular basis. The policy will cover the necessary expenses in case of any medical emergency and can be utilised as and when the employee is detected COVID positive and requires medical attention on immediate basis. The expenses pertaining to COVID hospitalisation, home care treatment, ....