SUD Life launches endowment plan
Star Union Dai-ichi Life Insurance has come out with a new non-linked, non-participating endowment plan called Aadarsh, which offers twin benefits of savings and security. The policy provides a guaranteed maturity benefit with a limited premium paying term of five years and enhances cover of the life insured with an inbuilt additional accidental death benefit. On survival till the end of the policy term, guaranteed maturity benefit which is equal to the basic sum assured will be paid. In case of death due to causes other than accident, the death sum assured will be paid.
Cancer cover from Birla Sun Life
Birla Sun Life Insurance has launched Cancer Shield Plan that covers both early and major stages of the disease and provides the policyholder a lump sum amount on diagnosis to meet the related expenses and financial obligations. The cover will provide 30% of sum assured on illness on diagnosis of early stage of cancer and 100% of sum assured on illness on diagnosis of major stage of cancer, less previously paid claim of early stage. It gives customers option to enhance their plan by availing income benefit option that provides 1% of sum assured on illness monthly for a fixed period of next five years once a claim for major stage cancer has been admitted.
Equity fund from Motilal Oswal MF
Motilal Oswal Mutual Fund has launched dynamic equity fund that calibrates level of equity allocation depending on market valuations—allocates less in equities when market valuations appear expensive and more when market valuations appear cheap. The market valuations for dynamic allocation will be indicated by the Motilal Oswal Value Index which is calculated taking into account price/earnings, price/book and dividend yield of Nifty. Subscription to the new fund offer will close on September 20.
UTI MF launches capital protection plan
UTI Mutual Fund has launched a capital protection-oriented scheme which seeks to protect the capital by investing in high quality fixed income securities as the primary objective and generate capital appreciation by investing in equity and equity-related instruments. Subscription to the scheme will close on September 20 and the minimum investment amount is Rs 5,000.