life insurance for children with disabilities
Anil Dhirubhai Ambani Group firm Trust Life Insurance has launched a pure equity unit linked insurance plan which offers investors the opportunity to invest in eight different fund options, including a Shariah compliant fund. Reliance Life Insurance is the fourth largest private insurer in the country and has introduced the "trust Super InvestAssure Plan (RSIP) 'that offers guaranteed additional contribution for policyholders, in addition to investment returns and maturity benefits.
This is the first unit of life pure equity unit linked insurance plan (ULIP) and has added features compatible with sharia as not having investment in industries such as non-banking finance, liquor, cigarettes, snuff, and sugar, among others, a company statement.
The RSIP is designed to provide an opportunity to invest funds in eight different fund options, including gold and sectoral funds like infrastructure, mid-cap energy and that the company declared, offer relatively higher yields.
"One of the unique provisions of RSIP is that it helps consider a policy of 50 per cent (in 10th year) to 250 percent (30th year) of paid annualized premiums. This is the additional revenue that insured obtained from the company, with a compounded growth as well, depending on market conditions, "Reliance Life Insurance CEO P Nandagopal said.
He added: "Our goal is to make our top selling product, given the additional value and benefits of sound mature and expect a contribution sales of 20-25 percent at the end of this year. "It also provides a plan for a child of 30 days and covers the life of the insured up to 20 times the annual premium depending on age.
Reliance Life Insurance expects the 'Super InvestAssure Plan' to emerge as its flagship product in ULIPs and account for about 25 percent of new premium income for the fiscal year. In 2007-08, new premium line of the company stood at Rs 2.754 million rupees.
Based in Tunbridge Wells, United Kingdom, mutual trust dates back to 1911 when it was known as Farringdon dependence Friendly collecting society. In 1951, he became a Society Mutual – which have no shareholders, its existence was solely to provide benefits to policyholders. The trust currently provides life insurance coverage, disease criticism and pension and investment products to customers in the UK. It is part of Reliance Capital Ltd. of the unit – Anil Dhirubhai Ambani Group. Unit Capital is a leading Indian private sector financial services companies, and is among the private sector financial services and the top 3 banking companies, in terms of equity.
Unit Life Insurance is another step forward for the dependence of limited capital to providing solutions based on the need for insurance life for people and companies in India.
The plan aims to be the "only plan to offer fixed income for life, even in case of accidental disability of the child "To" online community offering rewarding for the overall development of children "and boasts that 'the company also donated Rs 5 Lakh to Akanksha Foundation for underprivileged children. Reliance Life Insurance are very optimistic about the new plan and hope that customers will be attracted to its benefits and bonuses.
"Reliance Secure Child Plan aims to offer an innovative product with unique benefits and full of fun for children while ensuring their future. This is in line with our strategy of offering best-in class products to our customers, "said Mr. P. Nandagopal, while the product launch. The plan also offers a waiver or vices of premium benefit in case of death of the insured proposer (parent), which safeguards the future the child by paying all future premiums, so that the plan remains in full force.
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Article Source: ArticlesBase.com – Reliance Life Insurance to Offer New Plan
