Bajaj Allianz declares bonus rates for FY10-11

The CRB for Bajaj Allianz ChildGain is 2.5%, while TBR is 1.5%

Bajaj Allianz Life Insurance has declared bonus rates for its participating policies. The bonuses are calculated by applying the bonus rates on the sum assured plus already attached bonuses of the policy and in most cases are payable on maturity or surrender of the policy or on death of the life assured.

The compound reversionary bonus rates (CRB) for FY10-11 for Bajaj Allianz Super Saver is 1.25%, while the terminal bonus rate (TBR) is 0.5%. The CRB for Bajaj Allianz ChildGain is 2.5%, while TBR is 1.5%. The CRB for InvestGain and Super CashGain Insurance Plan is 2.25% and TRB is 0.5%.

The CRB is calculated as a percentage of sum assured plus all previously accrued bonuses. Terminal bonus is calculated on the sum assured and for each completed year of the policy subject to at least five years and is payable on maturity or death during the FY11-12.

User

Kotak Mahindra MF launches 24 months fixed maturity plan

Kotak Mahindra Mutual Fund new issue closes on 9th August

Kotak Mahindra Mutual Fund has launched Kotak FMP Series 55 (24M), a close-ended income scheme.

The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk. The tenure of the scheme is 24 months.

The new issue closes on 9th August. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Index is the benchmark index. Abhishek Bisen and Mayank Prakash are the fund managers.

User

L&T Mutual Fund floats 24 months fixed maturity plan

L&T Mutual Fund new issue closes on 8th August

L&T Mutual Fund has launched L&T Mutual Fund L&T FMP-IV (July24M A), a close-ended income scheme.

The investment objective of the scheme would be to achieve growth of capital through investments made in a basket of debt/fixed income securities maturing on or before the maturity of the scheme. The tenure of the scheme is 24 months.

The new issue closes on 8th August. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Fund Index is the benchmark index. Richa Sharma and Hareshwar Karekar are the fund managers.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)