Life Shield Platinum and Aviva Dhan Varsha Launched by Aviva Life Insurance

Recently, Private insurer Aviva Life Insurance announced the launch of two new insurance plans - Life Shield Platinum and Aviva Dhan Varsha. These fulfill the requirement of loan protection, income protection as well as offer guaranteed returns.

Life Shield Platinum and Aviva Dhan Varsha are two traditional insurance products of Aviva Life Insurance.

Life Shield Platinum of Aviva Life Insurance is featured with options to choose the protection need ranging from life protection, income replacement or loan protection.

On the other hand, Aviva Dhan Varsha of Aviva Life Insurance is featured with traditional investment cum protection plan. It gives a guaranteed addition of 6 % to 9 % of the life cover along with life protection and riders to secure one's future.

An online news portal - money.oneindia.in, quotes a statement of Mr. T R Ramachandran, CEO and Managing Director, Aviva Life Insurance India, “…Moreover, the 2 products are on a traditional platform and take care of the problems on loan protection, income protection and provide guaranteed returns.

The country is underinsured with only 4% of insurance penetration and a growing base of insurable population in the age group of 15-59 years.

Aviva India is a joint venture between one of the country's oldest and largest groups, Dabur, and Aviva plc, the UK's largest insurance group, whose association with India dates back to 1834.

Our vision is to be amongst India's leading life insurers with a quality business model, focused on sustainable growth. We seek to build a robust product portfolio meeting all customer lifecycle needs related to - Savings, Retirement, Investments and Protection.”

Life Shield Platinum and Aviva Dhan Varsha traditional insurances products are benefited with various features like Smart Horizon Ulip Plan of SBI Life. These are helpful in savings, retirement, investments and protections. You can get the biggest advantage with Life Shield Platinum and Aviva Dhan Varsha insurance products of Aviva Life Insurance.

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Smart Horizon Ulip Plan Launched by SBI Life

Recently, Private sector SBI Life launched a Unit Linked Insurance Product (Ulip) - Smart Horizon. The plan is launched to provide long-term capital appreciation.

An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement of MN Rao, SBI Life managing director, “The unique Automatic Asset Allocation feature makes Smart Horizon ideal for many evolving Indian investors who do have the time to make fund allocation decisions on an on-going basis.”

Further he said, “Automatic Asset Allocation (AAA), an algorithm-based active investment allocation mechanism. This IT-based system developed by testing over 5,000 potential scenarios in the Indian equity and bond markets, determines the optimal risk-return combination. The investment will be made in such a manner that initially there will be higher exposure to equities, followed by increasing exposure to debt and money markets as the plan nears maturity. Thus, AAA mechanism ensures better returns for investors, while protecting their capital.”

According to SBI Life, there is a great chance of better returns for the investors, while protecting their capital.

About the benefit of the plan, he added, “To avail the benefit of Automatic Asset Allocation facility, the customer can choose either Plan A or Plan B, depending on his risk appetite. Under Plan A, the equity exposure is higher as compared to Plan B. The product also provides the flexibility to allow the customer to actively manage his investment through a choice of four funds namely, Index, Equity, Balance and Bond Fund. This option is possible under Plan C.”

People can choose the plan according to their benefit. There is Plan A, B and C. There is flexibility also in each plan to manage investment through a choice of four funds - Index, Equity, Balance and Bond.

Smart Horizon Ulip Plan of SBI Life is compared with ING Market Shield ULIP. Both plans have greater offers for the investors.

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Bharti AXA Life Insurance Introduces Aajeevan Anand Plan

Recently, Private sector insurer – Bharti AXA Life Insurance launched Aajeevan Anand plan. It provides guaranteed regular payouts after every 5 years and life cover until the age of 100 years.

So, Aajeevan Anand Plan covers complete insurance of 100 years with guaranteed return after every 5 years.

An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement of Bharti AXA Life Chief Marketing and Operations Officer (CMOO) - Mark Meehan, “Aajeevan Anand is a powerful financial solution that provides guaranteed regular payouts to meet various life stage needs until the age of 100.”

Aajeevan Anand of Bharti AXA Life Insurance is being recognized as a powerful financial solution also.

Further he said to the ET, “In addition to these lifelong paybacks, the product provides customers with life cover and hence is an ideal savings cum protection plan.”

So, with Aajeevan Anand plan customers can get life cover with saving-cum protection. It is a very unique insurance plan for the customers.

Mark Meehan adds, “This whole life plan is apt for salaried people since all premium payments are made in the first 10-15 years of the policy.”

It is just like a whole life plan. You can get advantages with the plan like a salaried people. You can pay the premium of the policy in installments.

In the analysis of Aajeevan Anand of Bharti AXA Life, the news portal writes, “The nominee of the policy holder would get sum assured in case of death during the policy period which is 100 years.”

Aajeevan Anand of Bharti AXA Life gives a great advantage for nominee also. Nominee of the policy can get a great advantage with death cover during the policy period which is 100 years.

Aajeevan Anand of Bharti AXA Life is one of the best insurance plans like Market Shield plan of ING Life and Pramerica MF.

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ING Life India Launched ING Market Shield ULIP

Recently, ING Life India launched a new unique Unit Linked Insurance Product - ING Market Shield. It provides the customer the opportunity to participate in the equity market while protecting investments from its downside.

An online news portal about business and economy - economictimes.indiatimes.com, quoted a statement of Rahul Agarwal, Chief Distribution Officer, ING Life India, “The new ULIP, ING Market Shield comes with unique benefits, allowing customers to maximize their returns and have adequate protection.”

Further Agarwal said, “ING Market Shield is a one of its kind unit linked insurance product. It is designed such that our customers can benefit from market's upswaing due to high equality participation, but secures their investment from losses, when the market is volatile. The plan provides the customer a Guaranteed NAV throughout the term of the product and not just at maturity unlike most available products.”

In an analysis of ING Market Shield, the news portal says, “ING Market Shield also ensures highest equity exposure throughout the term of the policy, compared to other products, therefore its is expected to generate a higher return to customers.

For a premium paying term of 5 years the minimum payable is Rs 48,000 and for a premium paying term of 10 years or the entire policy term the minimum premium payable is Rs 36,000. The plan offers premium payment in the annual mode, and customers can choose their desired life cover ranging between 10 to 20 times the annual premiums.”

About the relation of stock market with ING Market Shield, the news portal writes, “This process ensure maximum exposure to the stock market, while minimizing the downside risk and assures the Guaranteed NAV at all times through the term of the policy including death, surrender, partial withdrawals as well as Maturity benefit.”

Overall, ING Market Shield is a good new ULIP plan like Classic ULIP Plan of Reliance Life.

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Pramerica Dynamic Fund Launched by Pramerica Mutual Fund

Recently, Pramerica MF introduced its open-ended dynamic asset - Pramerica Dynamic Fund. The Fund is launched using a proprietary tool - Pramerica Dynamic Asset Rebalancing Tool (Pramerica Dart).

Pramerica Dynamic Fund scheme will invest in debt and equity instruments. The allocation to equity and debt of Pramerica Dynamic Fund will be determined by Pramerica Dart.

An online news portal about business and economy - economictimes.indiatimes.com, writes about Pramerica Dynamic Fund of Pramerica MF, “The tool takes into account three key factors that influence the markets - fundamentals, volatility and liquidity and comes out with a score that tells how much of equity should be held in the portfolio. This can range from 100-30% in equity depending on market valuations. Fund managers will actively manage the portfolio within the limits prescribed by the model.”

Further the news portal writes about the investment and aim of the Fund, “The fund aims to achieve long-term capital appreciation by investing in an actively-managed diversified portfolio comprising equity and debt instruments.

The fund will invest 30-100% in equity and the fixed income exposure is capped at 70% of the assets. The fund benchmark comprises 50% of Nifty and 50% of Crisil MIP Index.”

So, the Fund investment sectors are very clear with its percentage. The Fund has targeted revenue sectors very wisely.

About the management of Pramerica Dynamic Fund, the news portal writes, “The fund will be managed by Ravi Gopalakrishnan and Mahendra Jajoo. There is no entry load. To curb traffic, there is an exit load of 1% if you decide to redeem before completing one year in the scheme after allotment of units. NFO closes on December 3, 2010 before it reopens on December 13, 2010.”

Now, it is clear that there is no entry load in Pramerica Dynamic Fund of Pramerica Mutual Fund. It is one of the best MF investment plans after Index Fund of Reliance Mutual Fund.

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Classic ULIP Plan Launched by Reliance Life

Recently, Reliance Life Insurance launched a unit-linked insurance plan - Classic ULIP Plan. The policy provides policyholders the benefits of regular savings with enhanced protection and market-linked returns.

Classic ULIP Plan would provide protection to policyholders in the age group of 7-65 years. An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement of Reliance Life about Classic Ulip plan, “The unique proposition of Reliance Life Insurance Classic Plan is that it offers flexibility and triple benefit of savings, insurance and investment - all in one single plan.”

The news portal quotes a statement of Malay Ghosh who is Executive Director and President in Reliance Life, “The new Ulip offers multiple benefits and protection - from helping policyholders plan their finances wisely at different stages of life, to providing risk cover on loss of life.”

Further he added, “The flexibility offered to policyholders by the company allows liquidity through partial withdrawals after fifth policy anniversary, loan after the completion of second policy year and top-up option to increase regular savings.”

In the analysis, the news portal writes, “Under the Regular Option, the customers would have to pay Rs 20,000 annually -- which can also be paid in monthly, quarterly and half yearly options.

For the Single Premium option, customers will have to pay a minimum of Rs 50,000 only once at the inception during the 15-year policy tenure.”

So, the Classic Ulip plan of Reliance Life gives a flexibility of payment. There is an option of single premium also in this plan. Reliance Life Classic ULIP Plan comes with triple benefit of savings, insurance and investment - all in one single plan.

Classic Ulip plan of Reliance Life covers risk of life also and helping policyholders plan their finances wisely at different stages of life. It is another best investment plan after SIP Investments via NSE-MFSS Platform of UTI.

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SIP Investments via NSE-MFSS Platform to be launched by UTI

Recently, UTI Mutual Fund announced the launch of SIP investments (Systematic Investment Plans) through NSE's-the Mutual Fund Service System (MFSS) platform.

An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement of the company, “UTI Mutual Fund was the first fund house to partner with the National Stock Exchange (NSE) for selling mutual fund schemes through the NSE-MFSS platform in the month of November 2009.

Keeping with that tradition of bringing the most convenient way of investment to our investors through cutting edge technology, we are the first fund house now to launch SIP investments (Systematic Investment Plans) through this NSE-MFSS platform.”

So, UTI Mutual Fund is bringing the most convenient way of investment. It offers cutting edge technology through the investment. It is launched through the NSE-MFSS platform.

Further the news portal writes about SIP Investments via NSE-MFSS Platform of UTI, “Terminals of NSE brokers will be the official point of acceptance and hence the date of acceptance of the transaction will be the date of entering the request on the terminal.

Investors will also have the added advantage of obtaining the same day's NAV (before 3 p.m.) at a large number of outlets in more than 1500 towns and cities, including remote locations.

The investors will also have an advantage of getting their units allotted in demat mode in addition to the existing physical mode as per their choice.”

Finally, UTI Mutual Fund gives an advantage to the investors by introducing SIP Investments via NSE-MFSS Platform. It will allocate to the existing physical mode as per their choice. The investment plan is very appreciating and unique inspired by cutting edge technology in the recent time. The fund can be compared with Index Fund of Reliance Mutual Fund. It fulfills all the needs of the new age.

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