SBI Life Launches Smart Performer and Unit Plus Super

Saturday, September 4, 2010

Recently, Private insurer SBI Life launched two Unit-Linked Life Insurance Policies (ULIPs) - Smart Performer and Unit Plus Super. These ULIPs plans are compatible with the new IRDA guidelines that are already effective.

About the two new ULIPs, SBI Life said in a press release, “SBI Life has launched Smart Performer and Unit Plus Super... In compliance with the new IRDA guidelines, these newly launched ULIPs are equipped with enhanced features such as benefits of higher protection, multiple investment options and a wide range of riders.”

So, the two new ULIPs - Smart Performer and Unit Plus Super are well-matched with the new IRDA guidelines also. These are equipped with enhanced features also such as benefits of higher protection, multiple investment options and a wide range of riders.

Further MD & CEO M N Rao of SBI Life Insurance said, “Customers will find that the new range is highly beneficial, as it further reinforces the proposition of security and long-term wealth creation.”

As per the statement of MD and CEO of SBI Life, these plans are highly beneficial in long-term wealth creation and proposition of security.

About 2 new ULIPs of SBI Life, an online news portal about business and economy - economictimes.indiatimes.com writes, “SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Assurance. SBI has a 74 per cent stake in the insurance company, while BNP Paribas Assurance holds the remaining 26 per cent.”

Further the news portal adds, “The Insurance Regulatory and Development Authority's (IRDA) new guidelines protecting ULIP-holders from mis-selling by dealers and onerous commissions are likely to make the equity-linked instruments more investor-friendly.”

In the current situation, Smart Performer and Unit Plus Super of SBI Life are the best plans for the customers. These follow the rules and regulations of new guidelines of IRDA also.

1 comments:

Unknown said...

Baldev Insan
what is the growth rate in previous year.

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