Financial Daily from THE HINDU group of publications
Wednesday, Feb 01, 2006
Financial Daily from THE HINDU group of publications Wednesday, Feb 01, 2006 |
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Money & Banking
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Life Insurance Markets - Mutual Funds Marketing - Strategy MetLife cover for Deutsche Tax Saving Fund investors Nilanjan Dey
Kolkata , Jan. 31 IN what probably is the first tie-up of its kind between two foreign outfits in India, Deutsche MF and MetLife Insurance have joined hands to provide a life cover to those who invest in Deutsche Tax Saving Fund. The asset management company will insure resident individuals who are allotted units under the NFO, subject to certain conditions. The premium will be paid to MetLife, which will offer a Group Life Insurance Cover to investors. "Apart from tax benefits, investors will also be entitled to a free life insurance cover. This will be a value addition for our clients," Mr Sandeep Dasgupta, CEO, Deutsche MF, said. The arrangement will be effective from the date of allotments, on an ongoing basis, and will remain operative till the investor concerned turns 60. Also, it will end on redemption of the units. The minimum age for eligibility is 18.
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