The Life Insurance Corporation Of India has come up with a new plan called The Jeevan Amrit to provide their services to the people who are looking for long-term insurance coverage by paying premium for a short term.
This plan is specially designed for NRIs, young software professionals and people who have a foothold in the entertainment industry .The policy has various features like providing high cover at a low cost. This policy is open to persons belonging to the age group of 12 to 60 years.

The total new business premium (annualized premium equivalent) for the sector has grown 110% to Rs 35,898 crore as private insurers tried to get their piece of life insurance cake during FY07, beating industry expectations. The lead has however been taken by the Life Insurance Corporation of India (LIC). Rajeev Verma and Ashish Agarwal of DSP Merrill Lynch have expressed their surprises to the fact that this growth is led by public sector major LIC.

In the present scenario, the Rupee can very precisely be crowned as the World’s Favorite currency. The Reserve Bank of India is increasingly having a tough time to prevent the rupee from appreciating. In the month of April, a sharp appreciation of the Rupee against the Indian Dollar has been observed. Of recent, the U.S- based Inter American Development Bank (IADB) raised the rupee-denominated debt worth Rs 150 crore in the Japanese market in the month of May. The issue subjected to 10- year bonds offering an interest rate of 8.25%, with payments to be settled in dollars. It had raised a smaller amount for three years in Feb 2007 at 7.25%.

UTI Mutual Fund has come up with UTI Gold Exchange Traded Fund from the 1st March 2007. The investment objective of the fund is to provide returns that, before expenses, and keep a close eye on the performance and yield of Gold. The performance of the scheme however, may differ from that of the underlying asset due to certain tracking error. . UTI Gold Exchange Traded Fund is an open-ended exchange traded fund. The scheme provides investment in gold bullion. It will reflect the international price of gold in the market. The primary objective of UTI Gold Exchange Traded Fund is to endeavour to provide returns that, before expenses, closely track the performance and yield of gold.

SBI Mutual Fund, one of the leading mutual funds in India has launched a three year close ended fund called SBI Infrastructure Fund Series-I, which would become an open ended fund on the expiry of three years. The fund follows a certain investment criteria. It would invest in equity stocks of companies and enterprises that are either directly or indirectly engaged in infrastructure growth in the Indian economy and look for a long-term growth in the capital. The equity component of the portfolio will range from 65% to 100%. Out of this, a maximum of 50% exposure can be made in derivatives instruments in order to balance portfolio and exploring opportunities to enhance returns.