Protecting taxpayers

“Travails of a Common Man” by V Raghunathan (Moneylife, 23 February 2012) articulated what I...

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Truth & lies

This refers to “Without corruption our growth rate can be 14%” (Moneylife, 8 March 2012)....

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IDBI Federal Life launches new plan

IDBI Federal Bondsurance Plan is crafted for those seeking a one-time lump sum investment that delivers attractive tax-free guaranteed returns

Private insurer IDBI Federal Life has launched a plan that offers “attractive guaranteed” return along with tax benefits for those willing to invest for a short to medium term.

“IDBI Federal Bondsurance Plan is specially crafted for those seeking a one-time lump sum investment that delivers attractive tax-free guaranteed returns along with the promise of life insurance protection,” the company's MD and CEO, GV Nageswara Rao, said in a release.

Under the scheme, the premium is as low as Rs20,000. Other benefits include simple buying process, discount on single premium in case the guaranteed maturity benefit is equal to or greater than Rs1.5 lakh and liquidity before maturity through special surrender value after the first year, the release said.

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