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Insurance: Kamesh Goyal
I pay an annual premium of Rs 12,000 on a unit-liked insurance plan (Ulip). An agent mis-sold me this policy three years back, but I continued with it. I will be completing the three-year lock-in period soon. Should I surrender this policy? When does it make sense to discontinue an Ulip?

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Three-fourths equity funds beat returns from benchmark indices
Around 67 per cent of these funds have beaten debt funds and gold over 10 years

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Yes Bank, India Infoline to offer banking, brokerage services
Private sector lender Yes Bank and equity broker India Infoline (IIFL), today entered into a strategic alliance to offer premium brokerage services to the customers of Yes bank and a superior proposition of savings account for IIFL customers.
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Maha seeks Rs 1,171 cr Phyan relief from Centre

The Maharashtra government today said it has sought around Rs 1,170 crore Central relief aid for Phyan cyclone affected victims. - Slum redevelopment scheme way behind schedule - IVRCL Infrastructures bags orders worth Rs 557 cr - Indiabulls bags Rs 1,376 cr Mantralaya makeover project - Reliance Cementation to invest Rs 2,250 cr in Maha - RGPPL defers decision on CERC order raising tariff - Maha Govt tables 26/11 report in state assembly Winding up two-day discussion on a motion moved by Gopaldas Agarwal (Congress) and others on Phyan, which had hit the coastal region between November 11 and 13, State Revenue Minister Narayan Rane told the legislative assembly that the state had sought a Rs 1,171-crore fund from the Centre and and financial assistance is expected to reach shortly. The state government is fully aware of the situation and extent of damage. To meet the extensive damage caused to standing crops, fishing, horticulture, properties and loss of human lives, an interim relief of Rs 65 crores was released by the government, Rane said. About 8.24 lakh hectares in 28 districts of Maharashtra have been affected due to the cyclonic storms, he said. About 34 fishermen-khalasi (labourers) are missing after the cyclone and the authorities concerned are searching them, he said. However, not satisfied with the minister"s reply, Sena-BJP-led Opposition staged a walkout.


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