Daiwa Mutual Fund unveils Fixed Maturity Plan-3M-Series 2

Daiwa Mutual Fund new issue closes on 21st September

Daiwa Mutual Fund has launched Daiwa Fixed Maturity Plan-3M-Series 2, a close-ended income scheme.

The investment objective of the scheme is to generate income and capital appreciation by investing in a portfolio of debt and money market instruments having maturity on or before the date of maturity of the plan(s).

The new issue closes on 21st September. The minimum investment amount is Rs5,000.

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Birla Sun Life MF floats Fixed Term Plan-Series DM

Birla Sun Life MF new issue closes on 28th September

Birla Sun Life Mutual Fund has launched Birla Sun Life Fixed Term Plan-Series DM, a close-ended income scheme.

The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.

The new issue closes on 28th September. The minimum investment amount is Rs5,000.

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Bajaj Allianz Life introduces iSecure

iSecure comprises a loan insurance plan, named iSecure Loan, and an increasing sum assured term plan, iSecure More

Bajaj Allianz Life has launched iSecure-a term plan product. It comprises a loan insurance plan, named iSecure Loan, and an increasing sum assured term plan, iSecure More. iSecure Loan is meant for borrowers who wish to cover their liabilities, iSecure More is aimed at young insurance-seekers whose protection needs are likely to go up in tandem with their age and responsibilities.

According to Bajaj Allianz, iSecure Loan presents borrowers with a choice of insurer and product as they will not be forced to buy the product offered by their bank. It is also available with loans other than home loans. The premium paying term of iSecure Loan is limited to 2/3rd of the policy term. The borrower is allowed to select a policy term between five years and 25 years, depending on the tenure of his loan. The interest rate can range from 5% to 20% on the loan, depending on the insured's choice at inception.

iSecure More can cater to those who are convinced that their insurance needs will go up in future and are unable to make a reasonable estimate at present.

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