Insurance Plans Reviews and Articles

Saral Maha Anand New ULIP Product Launched by SBI Life

Posted in insurance by kishosingh on October 31, 2010

Recently, SBI Life Insurance introduced a new unit-linked insurance plan (ULIP) – Saral Maha Anand. The new product has 3rd position in ULIP product launched by the insurer since the introduction of the new ULIP norms by the insurance sector regulator, IRDA, last month.

However, SBI had already launched two products – Smart Performer and Unit Plus Super earlier. An online news portal about business and economy – economictimes.indiatimes.com quotes a statement of a press release about SBI Life Saral Maha Anand, “Saral Maha Anand, its new ULIP product, is available at an affordable yearly premium starting from Rs 15,000 onwards and the product has been designed to cater to investment and protection needs of the middle-and-low-income segments.”

So, Saral Maha Anand is a new ULIP product which is available at an affordable yearly premium. The yearly premium starts from Rs 15,000 onwards. The product has been designed to cater to investment and protection needs of the middle-and-low-income segments.

Saral Maha Anand of SBI Life covers “Aam Admi”. The product has been made for the investment purpose. Maximum middle and low income people will like the product.

SBI Life Insurance’s managing director & CEO, MN Rao’s statement is also quoted by the news portal, “The product is exempted from medical-examination. The product offers simplicity and affordability so that a larger section of society can participate and benefit by systematically investing over a long-term horizon.”

So, Saral Maha Anand product will be known for its simplicity and affordability. It covers a larger section of our society. Anyone can participate in it to invest over a long-term horizon.

This time, SBI Life Insurance has planned to grab the complete society by its Saral Maha Anand ULIP product. The product is much appreciated in the insurance sector like Dhan Suraksha Policy of DLF Pramerica Life Insurance.

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Met Protect Online Insurance Product Launched by MetLife

Posted in life insurance by kishosingh on October 14, 2010

MetLife India, a private sector insurer launched a product – Met Protect. It is the first such life cover plan by the company to be available online.

MetLife said in a statement, “Met Protect would allow customers within the age group of 21-45 years to avail of life cover protection through the Internet.” It was published in ET.

So, Met Protect would be available for age group of 21-45 years. It will cover life protection through the internet.

An online news portal – economictimes.indiatimes.com about business and economy, quotes a statement of MetLife Managing Director Rajesh Relan, “By launching Met Protect, we are taking yet another step to reach our customers and empower them to self-design their protection plan with least effort and time.”

So, the company has tried to reach its customers and empower them with least effort and time – Met Protect.

Further he said, “This is part of our larger strategy towards increasing our distribution reach and enabling us to maximize the benefits in order to provide value to the customers.”

Met Protect will be a part of MetLife’s larger strategy to maximize the benefits in order to provide value to the customers.

The news portal writes about Met Protect and MetLife, “Met Protect would offer customers single and semi-annual premium payment option, the first of its kind amongst all the term products available online.

MetLife currently has over 55,000 financial advisers and bank assurance distribution channel offering products to 17 million customers.

MetLife India is a joint venture between the US-based MetLife International Holdings, The Jammu and Kashmir Bank, M Pallonji and other private investors.”

Met Protect of MetLife comes with single and semi-annual premium payment option. MetLife India is a joint venture between the US-based MetLife International Holdings.

MetLife has introduced Met Protect which is one of the best products of the company after 3 new products of Aviva Life Insurance.