India Insured

MUMBAI: Life Insurance Corporation of India (LIC) is set to close down one of its best-selling unit-linked insurance plans (Ulips) — 'Market Plus' — on March 31. Sources said the corporation had decided to close the scheme since the size was unwieldy. Currently, 'Market Plus' is the only unit-linked pension plan with LIC and was launched in July 2006 as a replacement for 'Future Plus', the corporation's maiden pension Ulip. The scheme has been one of the best sellers for LIC in the last quarter, with close to 15% of its premium income coming from this product alone. Brisk sales of 'Market Plus' in January 2008 have helped LIC regain much of the marketshare it lost earlier this year. The scheme is available as a regular premium plan as well as a single premium plan. 'Market Plus' was introduced a year after the launch of 'Future Plus' and incorporated the minimum three year lock-in period prescribed by the regulator. The net ass...

UnitedHealth Group expanding its participation in growing global health care marketplace MINNEAPOLIS--(BUSINESS WIRE )--UnitedHealth Group (NYSE: UNH ) and ICICI Lombard, India's largest private general insurance company and second-largest health insurer, are partnering to provide ICICI Lombard's policyholders traveling to the United States with access to UnitedHealthcare's programs and services. Through this initiative, any of ICICI Lombard's 1.6 million policyholders traveling to the United States who are covered by the insurer's Overseas Travel Insurance or Student Overseas Medical Insurance will have access to UnitedHealthcare's Options preferred provider network as well as medical management and organized resources that align to their health needs, all of which help millions of people take charge of their health. The partnership with ICICI Lombard illustrates the increasingly global nature of today's health care marketplace in which health compani...