Future Generali Life Insurance has launched two new individual products, Future Generali Bima Gain and Future Generali Pension Guarantee. Bima Gain is a non-participating, unit-linked, single-premium plan that provides insurance up to 10 times the single premium. Available to customers aged 8-65 years, the policy allows the insured the flexibility to switch investments in funds. It allows partial withdrawals after the completion of a 5-year lock-in. The second plan, Pension Guarantee, offers a maturity sum assured and accrued bonus. With the vesting age 40-80 years, people aged 20?70 years can avail themselves of this plan. The premiums for the pension plan can be paid on a monthly (ECS), half-yearly or yearly basis, with a minimum annualised premium of R11,000. The premium paid under both these products is eligible for tax benefits under the provisions of Section(s) 80C and 10(10)D of the Income Tax Act.
Aegon Religare launches guaranteed online plan
Aegon Religare Life Insurance has launched iGuarantee online insurance plan, which offers customers steady returns over the medium term while minimising risk. At the end of the policy term, the customer gets an annual return equal to 135% of the premium paid for a period of six years. The three-question proposal form doesn?t require any medical examination. In case of death of the life assured during the policy term of six years, the nominee will receive higher of 10 times the annual premium and 105% of all the premiums paid. However, if death occurs during the pay-out period, the remaining guaranteed pay-outs will be paid to the nominee. Moreover, the policy doesn?t lapse if the premium is paid for at least a year ? it continues with the paid-up sum assured. The plan offers tax benefits under Section 80C and 10(10D). The minimum annual premium for less than 40 years of age
is R48,000. For over 40, it is R60,000. The maximum annual premium is R2,50,000 and it can be paid either monthly or annually.
Sundaram MF introduces closed-ended hybrid fund
Sundaram Mutual Fund has launched a
closed-ended hybrid fund for three years. Subscription to the new fund offer (NFO) will close on December 19 and the scheme?s investment objective is to generate capital appreciation and current income through a mix of investments in equities and fixed income securities.
HDFC MF announces dividend under FMP
HDFC Mutual Fund has declared dividend under the dividend and quarterly dividend options of HDFC Fixed Maturity Plan (FMP
24m November 2011 (1)). The record dividend date for this closed-ended income scheme is December 9. The fund invests in debt and money market instruments and government securities maturing on or before the plan?s maturity date.
UTI Mutual Fund declares dividend under FIIF
UTI Mutual Fund has declared dividend under the dividend sub-option of UTI Fixed Income Interval Fund (FIIF) and the record date for dividend is December 9. The scheme?s investment objective is to generate income through investments in debt and money market instruments and government securities maturing on or before the plan?s maturity date.
Tata MF announces dividend under FMP
Tata Mutual Fund has declared dividend under the periodic dividend option of Tata FMP Series 38 Scheme B. The amount of dividend will be entire distributable surplus on the face value of R10 per unit . The record date for the dividend is December 9.
