Life Insurance Simulator aims to make the customer aware of importance of financial planning
Canara HSBC Oriental Bank of Commerce Life Insurance Company Ltd today announced the launch of Life Insurance Simulator (LIS), aimed to make the customer aware of importance of financial planning.
LIS is an interactive financial need assessment software that takes the customer through a series of simple steps to assess the amount he requires for each of his needs and if his current savings and investments are adequate to fulfil them.
LIS is available in English, Hindi, Punjabi and Kannada.
“LIS has been designed with an objective to educate the customers about the importance of financial planning,” the company’s senior VP (products and marketing) Rishi Mathur said.
“It will also help them in making their financial planning more effective as it focuses on four essential life stages—family protection, child’s future requirements, wealth creation and retirement,” he said.
Canara HSBC Oriental Bank of Commerce Life Insurance Company was launched in June, 2008 and is jointly owned by Canara Bank (holding 51%), Oriental Bank of Commerce (23%) and HSBC Insurance (Asia Pacific) Holdings Ltd (26%).
The company has a capital base of Rs825 crore with assets under management of Rs2,820 crore.
Commenting on the development, Sunil Dalal managing director of Softcell Technologies said, "We are glad to be recognized as PTC's first Platinum Partner in India. Our strategic partnership with a global company like PTC has enabled us to provide customers with strategic business value in their manufacturing practice
Mumbai-headquartered IT products, solutions, and service provider Softcell Technologies is now the Product Development Company's (PTC) first Platinum Partner in the country after successfully reaching the Platinum Partner revenue target set by the organisation.
From the time of its appointment as a Strategic Service Partner (SSP) in 2005, Softcell Technologies has seen great traction for PTC's Product Development Systems, including Pro/ENGINEER (now Creo) for Computer Aided Design (CAD) and Windchill for Product Lifecycle Management (PLM) from customers across various industry verticals.
Sunil Dalal, managing director, Softcell Technologies said, "We are glad to be recognized as PTC's first Platinum Partner in India. Our strategic partnership with a global company like PTC has enabled us to provide customers with strategic business value in their manufacturing practice. We started with a vision of expanding skills into the mid size enterprise market by providing solutions from PTC's product line. Being promoted to the next level of partnership with PTC signifies that we have succeeded in pursuing our goal."
Softcell is a leading systems integration services company specialising in sales of IT software, hardware, solutions and consulting services to corporate customers in India. Founded in 1989, Softcell has offices in Delhi, Pune, Hyderabad, Bangalore and Chennai. With an experienced workforce comprising of over 350 professionals, the company specialises in providing end-to-end IT solutions to corporate customers.
Sundaram Mutual Fund new issue closes on 20 May 2011
Sundaram Mutual Fund has launched Sundaram Fixed Term Plan-AT, a close ended income scheme. The tenor of the plan is 18 months.
The objective of the scheme would be to generate income with minimum volatility by investing in debt and money market securities, which mature on or before the maturity of the scheme.
The scheme will allocate up to 100% of assets in money market instruments, short-term and medium-term debt instruments with low to medium risk profile. The scheme shall not invest in securitised debt.
The minimum investment amount is Rs5,000. The new issue closes on 20 May 2011.
The scheme’s performance will be benchmarked against Crisil Short-Term Bond Fund Index. The scheme will be managed by Dwijendra Srivastava.