A unit linked life insurance plan that enables customers to catch up on lost time
Max New York Life Insurance has launched 'Fast Track Plan', a unit-linked life insurance plan that offers customers the opportunity to catch up on lost time.
The plan provides faster accumulation through choices of shorter policy tenure, faster and safer growth through fund options and an added feature of 'systematic transfer plan' to benefit from market volatility. The customer value proposition of 'Fast Track Plan' is further strengthened by its feature of wide range of protection multiple ranging from 1.25 times to 20 times of the annual premium depending on the payment term and age.
The product allows an entry age of up to 60 years with coverage up to age 70, and the flexibility to choose policy tenure and protection multiple to customers.
The consumer may also choose a protection multiple starting from 1.25 times to 20 times his annual premium amount. He may also choose added protection through personal accident benefit rider and dread disease rider.
The plan also provides free switching up to 12 times a year. It also offers premium redirection flexibility free of cost up to 12 times a year. The partial withdrawal feature allows the customers to withdraw from the fund value, once the policy completes five years.
NISM has roped in ICICI Bank to offer a specialised post graduate certificate programme in securities markets
The National Institute of Securities Markets (NISM), an educational initiative by the Securities and Exchange Board, has roped in ICICI Bank to offer a specialised post graduate certificate programme in securities markets. The programme would commence from August 2011.
"Aimed at experienced professionals, the PG course is a one-year specialised and integrated programme. Those who clear the course would be placed in the treasury and investment functions within the ICICI Group companies," ICICI Bank chief executive and managing director Chanda Kochhar said.
Reliance Securities would be rolling out its programme in Punjab, Haryana and Uttar Pradesh in Phase-I
Anil Ambani group company Reliance Securities plans to educate over 1.5 lakh investors this fiscal by way of over 300 investor awareness programmes across the country.
"Over the next few months, we propose to educate over 1.5 lakh such investors and are hopeful a large part of these investors would take an informed view while making investments," Reliance Securities executive director Vikrant Gugnani said.
The company would be rolling out its programme in Punjab, Haryana and Uttar Pradesh in the first phase, followed by the South, West and East regions in a phased manner.
"Our focus would be on Tier-2, Tier 3 cities where we feel investors have not been able to participate in the entire exercise of wealth creation because of a lack of information or inadequate hand-holding preventing them from taking the first step," Gugnani added.
This is the second investor awareness round launched by Reliance Securities in a span of two years and aims to create awareness on stock market investments, internet trading and various different financial products.
The first phase was launched in 2010 with a target of 100 investor awareness programmes, educating over 30,000 investors in 50 towns and cities across India.
Reliance Securities is the equity broking arm of Reliance Capital, the Anil Ambani Group's financial services arm.