Private sector insurer Birla Sun Life Insurance Company
Limited (BSLI) has re-launched five life insurance products compliant with the
new IRDA product guidelines applicable from this month. It includes three
non-participating market-linked insurance plans, one participating whole life
plan and one traditional participating endowment plan. The ULIPs include Wealth
Max, Wealth Secure and Empower Pension plans while Vision LifeIncome is a whole
life plan and Vision Endowment Plan is a traditional participating endowment
plan.
“These products are designed to emphasise the fundamental propositions of life insurance - protection from uncertainty and long term savings. In 2014, we are well poised to build the product portfolio in a phased out manner with focused distribution,“ said Mr. Mayank Bathwal, Deputy CEO, Birla Sun Life Insurance (BSLI) in a company release.
In line with the revised product guidelines, these plans are focused on providing enhanced security to savings, higher life cover, better surrender values and improved disclosures.
BSLI is a joint venture between Aditya Birla Group, an Indian diversified conglomerate, and Sun Life Financial Inc, a Canada-based leading global insurance company.
“These products are designed to emphasise the fundamental propositions of life insurance - protection from uncertainty and long term savings. In 2014, we are well poised to build the product portfolio in a phased out manner with focused distribution,“ said Mr. Mayank Bathwal, Deputy CEO, Birla Sun Life Insurance (BSLI) in a company release.
In line with the revised product guidelines, these plans are focused on providing enhanced security to savings, higher life cover, better surrender values and improved disclosures.
BSLI is a joint venture between Aditya Birla Group, an Indian diversified conglomerate, and Sun Life Financial Inc, a Canada-based leading global insurance company.
Source: http://www.insuringindia.com
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