Triple Health Insurance Plan offers cover of a maximum of three times the sum assured under the policy
Bharti AXA Life Insurance said that it has launched India's first triple benefit critical illness plan-'Bharti AXA Life Triple Health Insurance Plan'.
The plan offers cover of a maximum of three times the sum assured under the policy. It covers 13 critical illnesses that have been classified into three groups. On diagnosis of one of the illnesses, the policyholder can claim 100% of the sum assured under the policy, and is still covered for illnesses under the remaining two groups. Furthermore, on diagnosis, future premiums, payable by the policyholder, are waived off.
Bharti AXA Life Insurance Company Ltd is a joint venture between Bharti Enterprises and AXA, world leader in financial protection and wealth management. The joint venture company has a 74% stake from Bharti Enterprises and 26% stake of AXA Asia Life.
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L&T Mutual Fund new issue opens for subscription on 23rd September
L&T Mutual Fund has launched L&T FMP-IV (September 367D 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 367 days.
The scheme opens for subscription on 23rd September and will close on 26th September. The minimum application amount is Rs5000.