Financial Daily from THE HINDU group of publications
Saturday, Oct 29, 2005
Financial Daily from THE HINDU group of publications Saturday, Oct 29, 2005 |
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Money & Banking
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Life Insurance Marketing - New Products & Services New SBI Life policy Our Bureau
Mumbai , Oct. 28 SBI Life Insurance Company Ltd has launched "Dhana Vriddhi" - an investment-cum-protection life insurance policy - that offers guaranteed additions of 5.75 per cent on sum assured, compounded annually. Dhana Vriddhi is a non-participating Single Premium plan and is available for a fixed period of five years. The rate of return can range from 5.86 per cent to 6.29 per cent on gross single premium depending upon the amount of sum assured. The plan is also available for non-resident Indians. In addition to guaranteed returns, Dhana Vriddhi comes with features that include single premium payment mode, high value rebates for sum assured above Rs 5 lakh, no medicals and an increasing life cover with each passing year. Resident Indians and NRIs between 13 and 70 years of age can avail themselves of the benefits of Dhana Vriddhi. It will be open for initial subscription till December 15.
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