Financial Daily from THE HINDU group of publications
Saturday, Sep 06, 2003
Financial Daily from THE HINDU group of publications Saturday, Sep 06, 2003 |
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Money & Banking
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Life Insurance MetLife plans group insurance cover Our Bureau
Bangalore , Sept. 5 METLIFE India Insurance Company Ltd plans to launch its group insurance and pension products within the next few weeks. Briefing reporters here today, the Managing Director of MetLife India Insurance, Mr Venkatesh Mysore, said the company was awaiting the approval of the IRDA. As part of the bancassurance arrangement with Karnataka Bank, MetLife launched its term plan product, covering all the deposit and loan accounts of the bank. This plan has been branded as K-Life with a premium of Rs 365 per year with insurance coverage of up to Rs one lakh.
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