Online Ulip from PNB MetLife
PNB MetLife has launched its first online unit-linked insurance plan (Ulip) — MetLife Mera Wealth Plan. It offers multiple options to help plan for long-term investment goals or protection needs of customers linked to retirement, child education, or any other need-based requirement. The plan provides multiple premium payment options for the customer and provides loyalty additions every year from the end of the sixth policy year till maturity. Customers can also choose between either self-managed or systematic transfer option based on their risk appetite.
Canara HSBC-OBC Life launches linked plan
Canara HSBC-Oriental Bank of Commerce Life Insurance has introduced a new unit-linked insurance product called Secure Bhavishya. It will help the policyholder to build up a retirement fund which can be used to provide a steady post retirement income. This plan offers the benefit of capital protection, by way of minimum guarantee of 101% of all premiums paid as the maturity value.
Birla Sun Life MF launches FMP
Birla Sun Life Mutual Fund has launched Fixed Term Plan for 1,099 days, which is likely to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme. Subscription to the closed-end fund will close on August 29 and the minimum investment amount is R5,000.
ICICI Prudential launches FMP
ICICI Prudential Mutual Fund has launched Fixed Maturity Plan for 1,104 days. The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme. Subscription to the scheme will close on September 5.