Max Bupa introduces micro insurance product

Max Bupa Health Insurance floats ‘Swasthya Pratham Micro Insurance Plan’, a group health insurance cover for social sectors

Max Bupa Health Insurance has launched 'Swasthya Pratham Micro Insurance Plan' a group health insurance cover for social sectors. The plan provides health insurance cover to suit the needs of social groups (unorganised and economically vulnerable sections in the society) in the rural and semi urban areas. This plan helps them take care of themselves, their spouse and children. The sum insured options range from Rs5,000 to Rs30,000 for individuals and Rs10,000 to Rs30,000 for family floater policies. This product will be offered in Bihar, Rajasthan, Madhya Pradesh and West Bengal and will be extended to other parts of the country in subsequent years.

Max Bupa Health Insurance, a joint venture between Max India and UK-based Bupa group, launched its India operations in April.

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Tata MF floats Fixed Maturity Plan Series 28–Scheme A

Tata Mutual Fund’s new issue closes on 2nd February

Tata Mutual Fund has launched Tata Fixed Maturity Plan Series 28-Scheme A, a close-ended income scheme.

The investment objective of the scheme is to generate income and/or capital appreciation by investing in debt and money market instruments having maturity in line with the maturity of the scheme.

The new issue opens on 31st January and closes on 2nd February. The minimum investment amount is Rs10,000.

CRISIL Liquid Fund Index is the benchmark index. Murthy Nagarajan is the fund manager.

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Religare MF launches new fixed maturity plan

Religare Mutual Fund’s new issue closes on 1st February

Religare Mutual Fund has launched Religare Fixed Maturity Plan-Series V-Plan A to F-Plan C (3 Months), a close-ended income scheme.

The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments normally maturing in line with the duration of the scheme.

The new issue opens on 31st January and closes on 1st February. The minimum investment amount is Rs5,000.

CRISIL Short-Term Bond Fund Index is the benchmark index. Nitish Sikand is the fund manger for the scheme.

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