Smart Money

Bharti AXA Life Insurance has come out with an improved online term insurance plan, Bharti AXA Life eProtect. The life cover for eProtect has been increased to 75 years, with the maximum entry age being 65. The plan gives family care benefit that ensures a release of R1 lakh during times of distress within 48 hours of claim intimation. Bharti AXA Life will offer current customers of eProtect an option to upgrade to the new version at a nominal cost.

Renew policy over phone

Royal Sundaram Alliance Insurance has launched its mobile website, m.royalsundaram.in, for renewal of motor, health, personal accident, home and commercial vehicle policies. The site is secured with SSL encrypted payment gateway and offers multiple payment option through mobile. The site is compatible with iPhone 5, Android devices, BlackBerry, Symbian, BADA and other WAP-enabled mobile devices and no downloading or upgrading of versions is required. “Currently, the site offers customers the option of renewing existing retail policies. We plan to enhance the WAP site with online purchase of the entire gamut of our retail products,” said Ajay Bimbhet, MD, Royal Sundaram Alliance.

IDBI Mutual Fund launches Gilt Fund

IDBI Mutual Fund has launched IDBI Gilt Fund, an open-ended dedicated gilt scheme. The NFO opened for subscription on December 5 and will close on December 17. The units will be available on a par of R10 during the NFO and at NAV-related prices thereafter. The scheme will re-open for continuous sale and repurchase from December

... contd.