Bajaj Allianz launches two new products

Bajaj Allianz Life Insurance has launched two new products-Bajaj Allianz Super Cash Gain and Bajaj Allianz Money Secure.

Super Cash Gain is a traditional money back plan that gives cash back at regular intervals in the form of a periodic income. Starting at a monthly premium of Rs600, this plan comes with the option to select up to four-times of base sum assured as life cover. Super Cash Gain also offers benefits such as-Option to convert into a single premium term cover with return of premium provided you have paid at least five years premium in full. Get 20% of the base sum assured as cash-back at regular intervals, which can be taken as cash or adjusted against your due or future premium. Flexibility to pay future premiums in advance and avail discounts. Option to keep your policy in-force for full sum assured in case you miss to pay your premiums on due dates, provided you have paid at least three year's premiums in full. High sum assured rebate on premium and optional riders to enhance your protection.

Money Secure is a regular premium ULIP that provides security to your investment with guaranteed maturity benefits. Starting at an annual premium of Rs7,000, Money Secure is the smallest ticket-size ULIP from the stable of Bajaj Allianz. The features of this product are: Automatic increase in sum assured from sixth policy year. Maximum Flexibility with: Partial withdrawals anytime after five years from the commencement of the policy.
Top-up premium payment over and above regular premiums. Option to decrease sum assured. Option to change premium payment term and alter premium payment frequency. Optional riders to enhance protection Both these plans can be bought from any of Bajaj Allianz office, agents and distributors.

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SBI Mutual Fund unveils SBI Debt Fund Series–15 Months–6

SBI Mutual Fund has launched SBI Debt Fund Series-15 Months-6, a close-ended income scheme.

The investment objective of the scheme is to provide regular income, liquidity and returns to the investors through investments in a portfolio comprising debt instruments such as government securities, PSU & corporate bonds and money market instruments maturing on or before the maturity of the scheme.

The new issue opens on 27th January and closes 3rd February. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Fund Index is the benchmark index. Rajeev Radhakrishnan is the fund manager.

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Pramerica MF floats Short Term Income Fund

Pramerica Mutual Fund’s new issue opens on 27th January and closes on 3rd February. The minimum investment amount is Rs5,000

Pramerica Mutual Fund has launched Pramerica Short Term Income Fund, an open-ended income scheme.

The objective of the scheme is to generate regular returns with moderate level of risk by investing primarily into a portfolio of debt securities and money market instruments of short term maturity.

The new issue opens on 27th January and closes on 3rd February. The minimum investment amount is Rs5,000.

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