SBI Life launches Smart Wealth Assure Ulip

SBI Life Smart Wealth Assure is a single premium plan and offers policyholders optional accidental death benefit and partial withdrawal facility from 6th policy year onwards

SBI Life Insurance has launched a unit linked plan-Smart Wealth Assure-aiming to provide guaranteed fixed returns to the policyholder.

Smart Wealth Assure guarantees at inception a pre-specified net asset value (NAV) applicable at the end of the 10-year term, SBI Life said in a statement.
SBI Life Smart Wealth Assure is a single premium plan and offers policyholders optional accidental death benefit and partial withdrawal facility from 6th policy year onwards.

The scheme would be available at a minimum amount of Rs50,000, and would cover policyholders from eight years to a maximum 65 years of age with a policy term of 10 to 30 years.

The fund would provide guaranteed fixed return, which provide the policyholder to choose for either of equity fund or P/E managed fund or bond fund.
Usually the return guarantee fund aims to provide guaranteed fixed return by investing mostly in fixed income securities, namely debt instruments.

With launch of Smart Wealth Assure, SBI Life now has a bouquet of eight Ulips catering to the long-term wealth creation and life insurance needs of varied customer segments.

As of January 2011, SBI Life's market share among private life insurers stood at 18.9%, while it was 5.6% when it came to total market share.

User

Religare Mutual Fund floats 370 days fixed maturity plan

Religare Mutual Fund new issue closes on 9th March

Religare Mutual Fund has launched Religare Fixed Maturity Plan-Series VI-Plan A to F-Plan B (370 Days), 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 maturing on or before the date of maturity of the scheme.

The new issue closes on 9th March. 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.

User

Pramerica Mutual Fund unveils Fixed Duration Fund-Series 1

Pramerica Mutual Fund new issue closes on 9th March

Pramerica Mutual Fund has launched Pramerica Fixed Duration Fund-Series 1, a close-ended income scheme.

The scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme. The duration of the scheme is 370 days.

The new issue closes on 9th March. The minimum investment amount is Rs5,000.

CRISIL Short-Term Bond Fund Index is the benchmark index. Mahendra Jajoo is the fund manager.

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)