Insurance
HDFC says sold 4,000 policies of its 'Smart Woman Plan' since June

HDFC Life launched the unit-linked plan last month targeting working women in urban areas that has average premium of about Rs30,000

Chennai: Private insurer HDFC Life said it had sold over 4,000 policies of its recently launched 'Smart Woman Plan', reports PTI.

 

"We have sold around 4,000 policies since the launch (in June, 2012) and I should say this is very very good response," Sanjay Tiwari, vice president, Strategy and Product, said.

 

Speaking to reporters in Chennai, he said HDFC Life Smart Woman Plan, a unit linked insurance policy (ULIP), is designed to cover specialised risks concerning women, including pregnancy complications and cancer.

 

The average premium per policy was around Rs30,000, he added.

 

The private insurance player had launched the unit-linked plan last month targeting working women in urban areas.

User

Overview

The Moneylife Group consists of Moneylife, fortnightly personal finance magazine, a vibrant business and news website (www.moneylife.in) and a non-profit registered trust—Moneylife Foundation—to promote financial literacy and consumer and investor initiatives. These three organisations together empower individual to invest and spend wisely by offering hard facts, insightful opinions, unbiased options and useful tips. Moneylife, launched in March 2006 is driven primarily by the interests of customers and investors. This is evident in our long track record of reporting unbiased facts and opinion, innovative analysis and non-profit initiatives. Moneylife is among the most ethical media companies and is known for calling a spade a spade. 

 
We have a unique understanding of what financial products work, what doesn’t work and what to avoid. This is well-documented in the last six years in Moneylife magazine and also articles in the web portal www.moneylife.in. Readers have benefited hugely from our deep understanding of financial products. Moneylife has written deeply-researched articles on some of the most important aspects of personal finance such as gold, mutual funds, health insurance plans, collecting, best ways to save for your children, wills & nomination and even harmful drugs. Readers’ information and knowledge is continuously supplemented by cutting-edge articles on our website which are put in a daily newsletter sent out five days a week and a weekly newsletter sent on Saturday.

User

Founders

Moneylife has been founded by Debashis Basu and Sucheta Dalal who bring a combined experience of 50 years of understanding business, regulatory and consumer and investor issues.

 
Debashis Basu is a Chartered Accountant by qualification with 25 years of experience as a journalist and the author of several business books. He has worked with The Times of India, Business World, Business India, Business Today, Financial Express and has written columns for Business Standard and The Economic Times. He has co-authored the best-selling The Scam: From Harshad Mehta to Ketan Parekh with Sucheta Dalal and has also authored Face Value: Creation and Destruction of Shareholder Value in India; Growth Alchemy: Why Smaller Firms Fail to Find Finance and How Market-based Solutions Can Help; Pathbreakers 1&2 and Plain Truth Series on Stocks, Mutual Funds and Investments. He was a member of the Task Force of the Securities and Exchange Board of India (SEBI) on the creation of IndoNext market segment for smaller companies and served as the member of the mutual fund advisory committee of SEBI. He directs the research and reporting on financial products at Moneylife and also oversees the design and business aspects of Moneylife.
 
Sucheta Dalal is among the best known financial journalists in India. Her 25 years of outstanding investigative reporting spans the Harshad Mehta scam, CR Bhansali scam, exposé of Enron, bad loans in banks, numerous corporate shenanigans and regulatory lapses have appeared in Business Standard, The Economic Times and The Times of India. She received the Chameli Devi Award for outstanding journalism and Femina Woman of Substance Award, both in 1993. She served as a member of the NR Narayana Murthy committee on corporate governance in 2003, was a member of the primary market advisory committee of SEBI and a member of Investor Education and Protection Fund of the Government of India. She is also a trustee of the Ahmedabad-based Consumer Research and Education Centre. She has co-authored the best-selling book The Scam: From Harshad Mehta to Ketan Parekh; AD Shroff: A Titan of Fianance and Pathbreakers 1&2. Based on her outstanding investigative journalism spanning two decades, she was awarded the Padma Shri in 2006. She directs the current news and socially-oriented reporting at Moneylife, the Foundation’s activities and grievance redressal activities.
 

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)