UTI AMC is an asset management company registered and regulated by the Securities and Exchange Board of India (SEBI). UTI AMC has been established by State Bank of India, Life Insurance Corporation of India (LIC), Bank of Baroda and Punjab National Bank. UTI AMC presently manages a corpus of over Rs.50,000Crores. UTI AMC has a nationwide network consisting nearly 150 financial centres and offices in London, Dubai and Bahrain.
SBI Life http://www.sbilife.co.in
SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Cardif. Along with its 5 Associate Banks, State Bank Group has the unrivalled strength of over 18,000 branches across the country, arguably the largest in the world. With a vision to be the most trusted and preferred life insurance provider, SBI Life offers a comprehensive range of life insurance and pension products at competitive prices, ensuring high standards of customer satisfaction and world class operating efficiency. It was awarded the most trusted Private Life Insurance Brand 2013 by the Economic Times, Brand Equity and Nielsen Survey. SBI Life was also awarded for "Under-served Market Penetration" in 2014 for being pro-active in terms of reaching out to customers in relatively under-penetrated states and regions in India.
LIC Housing Finance
LIC Housing Finance Ltd. is one of the largest Housing Finance companies in India. Incorporated in 1989 under the
Companies Act, 1956, the Company was promoted by LIC of India and went public in the year 1994. The Company
is registered with National Housing Bank and listed on the National Stock Exchange (NSE) & Bombay Stock Exchange Limited (BSE).
LIC-HF is authorised by PFRDA to distribute the NPS-Lite and has outsourced field-level education, enrolment and ongoing service
delivery to IIMPS on a pan-India basis.
Invest India Micro Pension Services http://micropensions.com
Invest India Micro Pension Services (IIMPS) is the only social enterprise globally that is committed exclusively to educating, encouraging and enabling the working poor to accumulate micro-savings for their old age. Set up in 2006, its shareholders include the Michael & Susan Dell Foundation, UTI, SEWA and KfW, which is the largest development bank in the world. IIMPS provides economically active but financially excluded urban and rural poor with convenient and secure access to an integrated pension, savings and insurance product solution using a unique, scalable and sustainable technology-led Micro Pension® model which is a registered trademark of IIMPS (Micro Pension®). In this IIMPS model, low income individuals save on an average Rs. 200 per month towards their old age while they are young. IIMPS strategic and business partners include NABARD, LIC, UTI, VISA, SBI, Ratnakar Bank, BillDesk and SEWA Bank. Over 800,000 low income informal sector workers in urban and remote rural locations across multiple States of India have been educated and enrolled already on a voluntary basis for a long-term micro-savings solution. Over the next 3 years, IIMPS plans to upscale the impact of its model by educating and enabling 5 million low income households to save for their old age.
Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable digital currency. Underpinning digital currency is one of the world's most advanced processing networks VisaNet that is capable of handling more than 10,000 transactions a second, with fraud protection for consumers and guaranteed payment for merchants. Visa is not a bank, and does not issue cards, extend credit or set rates and fees for consumers. Visa's innovations, however, enable its financial institution customers to offer consumers more choices: Pay now with debit, ahead of time with prepaid or later with credit products. In collaboration with VISA, IIMPS is providing "Micro Pension®" clients with a secure micro-payment solution through which these low income informal sector workers in remote locations are able to accumulate micro-savings for pensions, insurance and known future expenditure in an affordable, convenient and secure environment using a prepaid card.
Grameen Foundation India http://grameenfoundation.in
Grameen Foundation helps the world’s poorest people reach their full potential, connecting their determination and skills with the resources they need. It provides access to essential financial services and information on agriculture and health, assistance that can have wide-scale impact by addressing the specific needs of poor households and communities. It also develops tools to improve the effectiveness of poverty-focused organizations. Grameen Foundation India (GFI), a social business, is a wholly owned subsidiary of Grameen Foundation, a non-profit organization headquartered in Washington, DC. Grameen Foundation was founded in 1997 by friends of Grameen Bank to help spread the Grameen philosophy worldwide and share the ideas of 2006 Nobel Peace Laureate Professor Muhammad Yunus, founder of Grameen Bank in Bangladesh. Grameen Foundation India’s mission is to enable the poor, especially the poorest, to create a world without poverty.
The UK government works in partnership with the Government of India to achieve its poverty reduction priorities and the Millennium Development Goals. India is an emerging economy making fast economic progress, which invests a significant proportion of its growing budget on development. DFID works with the Government of India on its substantial programmes in health, education, water and basic housing, aimed at improving conditions for the poorest families. Despite strong growth over the last two decades and clear government commitment to reduce poverty, progress is lagging in some states. DFID supports India's poorest states, for example Madhya Pradesh, Orissa, Bihar and West Bengal. There it works with the state governments to help the poor in rural villages and urban slums earn an income and access health, education, and water and sanitation services. The UK government's aid finances assistance, expertise and projects which support Indian partners in making their own programmes as effective as possible. DFID has established Trust Funds with key multilateral partners: the World Bank, the Asian Development Bank and UNICEF. DFID also works with international and local NGOs and the private sector.