Royal Sundaram signs MoU for implementing RSBY scheme in Bihar

Royal Sundaram will provide health insurance cover, under the government sponsored Rashtriya Swasthya Bima Yojna, to the below poverty line families in Sheohar, Vaishali and Kishengunj

Royal Sundaram Alliance Insurance, the first private sector general insurance company to be licensed in India, has signed a memorandum of understanding (MoU) with the government of Bihar. Royal Sundaram will provide health insurance cover, under the government sponsored Rashtriya Swasthya Bima Yojna (RSBY), to the below poverty line (BPL) families in Sheohar, Vaishali and Kishengunj.  

RSBY is a unique scheme which empowers the card holder to get treatment from all RSBY network hospitals across India. The beneficiaries under the scheme will have to pay the registration fee of Rs30 to get them enrolled under the scheme. The MoU renewal will be effective from 1 April 2011.
Royal Sundaram has put up a district kiosk centre in every district for efficient coordination and rectifications in the smart cards. Beneficiaries seeking further assistance can also avail the company's 24x7 helpline number 06122206843 (Patna Call Center Number)

The 'Rashtriya Swasthya Bima Yojana' (RSBY) envisages smart card based cashless health insurance cover of Rs30,000 to a BPL family of five for meeting hospitalisation expenses, taking care of most of the illnesses including maternity benefit and also covering new born for remaining policy period. All pre-existing diseases are covered. The scheme also covers transportation cost of Rs100 per visit with an overall limit of Rs1,000 per year.

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Reliance Mutual Fund floats Fixed Horizon Fund-XIX-Series 9

Reliance Mutual Fund new issue closes on 17th March

Reliance Mutual Fund has launched Reliance Fixed Horizon Fund-XIX-Series 9, a close-ended income scheme.

The investment objective of the scheme is to generate regular returns and growth of capital by investing in a diversified portfolio of central and state government securities and other fixed income/debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility.

The new issue closes on 17th March. The minimum investment amount is Rs5,000.

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Principal Mutual Fund unveils 367 days fixed maturity plan

Principal Mutual Fund new issue closes on 21st March

Principal Mutual Fund has launched Principal Pnb Fixed Maturity Plan-Series 1, a close-ended income scheme.

The investment objective of the scheme is to build an income oriented portfolio and generate returns through investment in debt/money market instruments and government securities. The tenure of the scheme will be 367 days.

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

Shobit Gupta is the fund manager. The scheme would benchmark the performance to CRISIL Short Term Bond Fund Index.

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