Star Union Dai-ichi Life introduces two new products

Star Union Dai-ichi Life has launched Dhan Suraksha Express and Defined Growth Endowment Plan

Star Union Dai-ichi Life has launched two new product offerings—Dhan Suraksha Express and Defined Growth Endowment Plan.

Dhan Suraksha Express is a unit-linked insurance product (ULIP), while Defined Growth Endowment Plan is a traditional product.

The main features of the ULIP are fixed policy term of 10 years. The minimum ticket size is Rs15,000 p.a and maximum ticket size of Rs1 lakh p.a.

Defined Growth Endowment Plan guarantees growth of savings during the policy term in a systematic manner. The death cover/benefit also increases as the policy term progress. The minimum sum assured is Rs1 lakh and maximum is Rs50 lakh. The plan is available between 12 to 60 years.

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Canara Bank revises BPLR by 50 basis points

Canara Bank has revised its base rate upward by 50 bps from 9.50% to 10%.

Canara Bank has revised its benchmark prime lending rate (BPLR) upward by 50 bps from 13.75% to 14.25% with effect from today.

It has also revised its base rate upward by 50 bps from 9.50% to 10%.

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DWS Investments launches Fixed Term Fund Series 82

DWS Investments new issue closes on 18th May

DWS Investments, the retail mutual fund arm of the Deutsche Bank Group, has launched DWS Fixed Term Fund Series 82–A, a close ended Debt Fund. 

The DWS Fixed Term Fund Series 82 is a fixed maturity plan offering investors the benefit of relatively low interest rate sensitivity and low credit risk. The tenor of the fund is 308 days.

The new fund offer (NFO) opens on 9th May and closes on 18th May. The objective of the fund is to generate income by investing in debt securities and money market instruments, usually maturing on or before the date of maturity of the scheme. 

CRISIL Short Term Bond Index is the benchmark index. DWS Fixed Term Fund Series 82 would be listed on the National Stock Exchange (NSE). An investor can start investing with a minimum of Rs5,000.

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