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SBI Life announces 9% on Lifelong Pensions schemes
NT Business Desk
Panaji, June 20: SBI Life Insurance Company Ltd
announced a total of 9 per cent return on Lifelong
Pensions scheme, a simple annual bonus of 5 per cent
in addition to the guaranteed return of 4 per cent per
annum for all policies in force as on March 31.
The company declared reversionary bonuses, including a
special one-time bonus, on its participating policies
such as Sudarshan, Sanjeevan Supreme, Sanjeevan, Young
Sanjeevan, Scholar, Money Back, and Scholar II. All
bonuses declared here are a percentage of the
effective Sum Assured and not linked to the premium
component.
Commenting on this occasion, Mr S Krishnamurthy, MD &
CEO said, SBI Life is all set to achieve new heights
of success in the coming years and our customers are
our biggest brand ambassadors. As all our products
have delivered good results, we are, therefore,
pleased to share the benefits with our customers
through a bonus increased by 25 per cent as compared
to last year.
Bonus declared on endowment policies: For Sanjeevan
Supreme, 1.25 per cent of Sum Assured and for
Sudarshan depending on the plan option: 2.25 per cent
on the basic Sum Assured for Plan A and 1.5 per cent
bonus for Plan B on increased Sum Assured.
Bonus declared on the childrens policies: 2.75 per
cent (inclusive of guaranteed return) for Scholar and
1.5 per cent for Scholar II.
On Money Back policies, the company has declared a
bonus of 1.5 per cent. On Sanjeevan and Young
Sanjeevan, the bonus declared is 1.25 per cent of the
Sum Assured.
http://www.navhindtimes.com/stories.php?part=news&Story_ID=06218
- Forwarded by www.goa-world.com
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