Page 3 - Life Insurance Today December 2017
P. 3

Vol. XIII  No. 09 December 2017
                                      ISSN - 0973-4813
           Editor-in-Chief                                             Editorial
           Ram Gopal Agarwala
           B.Com., L.L.B., F.C.A.
           Editor
           CA Rakesh Agarwal
           M.Com. (BIM), F.C.A., DISA, L.L.B.,          The 2009 Direct Tax code has proposed to bring the
           F.I.I.I., P.G.J.M.C., M.B.A., Ph.D
           Associate Editor                             tax paid by Life Insurance companies on par with
           Shyam Agarwal                                corporate tax rates. While Insurance companies pay
           M.Com.(BIM), A.C.A., DISA, F.I.I.I., P.G.J.M.C.  Income Tax of 14.3% corporate have to pay 25%. The
           Resident Editor
           Dr. Abhijeet K. Chattoraj, Noida             Life Insurance Industry fears that if the
           Dr. B. K. Jha, Sultanpur
           K. L. Madhok, New Delhi                      recommendations are adopted, it would adversely hit
           Shaik Gulam Afzal Biya Bani, Saudi Arabia    the Insurance companies.
           R. Venugopal, Bangalore
           Correspondence Address                       Following Govts. discussion of taxing Life Insurers at
           25/1, Baranashi Ghosh Street, Kolkata - 700 007, India
           Phone : 033-2269 6035 / 4007 8428            par with corporates, shares of SBI life, HDFC Life as
           E-mail : insurance.kolkata@gmail.com         well as Prudential Life are trading nearly 4 to 5%
           Website : www.sashipublications.com
           Portal: www.bimabazaar.com                   lower to the current market value in the exchange.
           Registered Office
           31/1, Sadananda Road, P.S. Kalighat,         IRDAI wants department of economic affairs to
           Kolkata - 700 026, India
           Customer Help Line                           classify railway bonds as special Bonds, notifying this
           For non receipts/any other query please contact  in a special Gazette for LIC to invest Rs.1.5 Lakh Cr.
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           Phone : 033-4007 8378 / 2218 4184            in railways.
           Mechanical Details
           Oversall size : 27.5 x 21.5 cms.
           Print area : 24.5 x 18.5 cms                 IRDAI may grant special relief to LICI for their
                         Rate of Subscription           investment in PSBS.
                             Amount  You By Regd. Surprise
                                     Pay  Post     gift
                                                        The Central Board of Trustees of the EPFO approved a
           Scheme      Period
           LIT - 1     1 Year   540   500  800    ----  policy whereby the body plans to monetize its stock
           LIT - 3     3 Years  1,620  1,300  2,200  ----
           LIT - 5     5 Years  2,700  2,100  3,600  Yes  exposure to benefit subscribers.
           Bulk Subscription
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           INSURANCE TODAY payable at Kolkata, India.   supposed that some portion of such section of people
           Please do not make any cash payment for journal/books to any
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           The contents of this journal are copyright of LIFE  Insurance companies are planning to come in
           INSURANCE TODAY  whose  permission is necessary for
           reproduction in whole or in part.  The views expressed by  exclusive online selling space in a big way. Already
           contributors or reviewers in this journal do not necessarily
           reflect the opinion of LIFE INSURANCE TODAY and the  one company has been granted license. If this model
           journal can not be held responsible for them. All disputes
           subject to Kolkata jurisdiction only.        is successful, it will be the next big disruption for the
           Published by Sushil Kumar Agarwala &  Printed by Satyajug
           Employees Co-operative Industrial Society Ltd. 13,Prafulla  insurance industry.
           Sarkar Street, Kolkata - 700 072

         Life Insurance Today                        December 2017                                             3







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