• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai , June 21

OM KOTAK Mahindra Life Insurance has launched `Kotak Easy Growth plan' (KEGP) - a single premium unit linked plan - designed to combine the benefits of insurance and investment.

KEGP is being targeted at the high and middle income segments and offers four investment options - money market fund, bond fund, balanced fund and growth fund - for customers to allocate their money in one or any combination of funds, depending on the risk-return appetite.

"In the long run, return from equity is expected to outperform the returns from other asset classes. Interest rates on fixed return instruments have declined. We are currently in a low inflation environment. Real interest rate is barely 2 per cent. For capital formation, investors will have to look at equity in their portfolio," said Mr Shivaji Dam, Managing Director, Om Kotak Mahindra Life Insurance, addressing a press conference.

The product offers two options for life cover. Under the high cover option, the customer gets an insurance cover five times the single premium paid in the event of death.

More Stories on : Life Insurance | New Products & Services

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
AP Assembly passes farmers' credit moratorium Bill

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line