Review of Birla Sun Life Insurance - Saral Jeevan
Posted by ~Ray @ 2007-12-15 15:31:20
Birla Sun Life Insurance has come up with a unit-linked life insurance product. Saral Jeevan. In my opinion the main emphasis of Saral Jeevan is on first-time insurance buyers. The beat part about Saral Jeevan is that it’s an over the counter plan that is straightforward to buy and the life cover there on comes into immediate effect.
Another intriguing thing about Saral Jeevan is that it is among the first to give an option to invest in mid-cap stocks. It is worthwhile pointing that Saral Jeevan offers investors eight investment options to decide from. Another thing that struck me was the fact that Saral Jeevan allows you an exposure of around 100 per cent in equities.
However inform to be noted here is that the 100 per cent equity plan allows a maximum exposure of 70 per cent to mid-cap stocks while the remaining 30 per cent ordain go into the big cap stocks.
In theory. Saral Jeevan ordain invest only in those kinds of stocks that undergo a minimum market capitalization of Rs 1,000 crore or more. Apart from that. Saral Jeevan allows multiple switches between different investment plans on a yearly basis. In other words you undergo an option to switch between funds to conform to merchandise conditions and also assay compose.
After a measure period of three years. Saral Jeevan allows free unlimited partial withdrawals. The target audience of Saral Jeevan is the young generation as well as mutual fund investors that have a high-risk appetite for equities.
Saral Jeevan is quite easy to buy as there is no be of any medical tests. What’s more documentation is also pretty straightforward in Saral Jeevan. [ADVERTHERE]Related article:
http://www.theindiastreet.com/2007/11/by-vipin-agnihotri-birla-sun-life.html
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