• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

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

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

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

Our Bureau

Mumbai, Dec. 19

Life Insurance Corporation of India has launched a unit linked endowment plan called "Money Plus" combining market related investment returns and an insurance cover. Policyholders up to 65 years of age can apply for the plan. The minimum regular premium is Rs 5,000 per annum and Rs 10,000 per annum in the case of single premium. The policyholder has a choice between four funds depending on the investment in equity. The four funds are - bond fund, secured fund (maximum investment in equity is 35 per cent), balanced fund (50 per cent) and growth fund (80 per cent).

Policyholders can make four free switches between funds in a year. Withdrawals are subject to a minimum lock-in period of three years. On the death of the policyholder, the sum assured or value of the units in the fund selected, whichever is higher, will be payable.

More Stories on : Life Insurance

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

Stories in this Section
Asset prices pose dilemma

Copyright © 2006, 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