Here’s some good news: Those who missed out on Tata dynamic bond can subscribe to the fund when it reopens on September 9. Launched by Tata Mutual Fund, the scheme will invest in various assets and maturity segments to optimise returns. The fund manager has the flexibility to invest 0 per cent to 100 per cent in money market instruments with maturity of less than one year as well as bonds with maturity of more than one year.
Health comes first
Tata AIG Life Insurance Company has launched Health First — a health insurance plan with life cover which provides cover for prolonged hospitalisation, including a major surgery or critical illness. A unique feature of this policy is that a lump sum allowance is paid irrespective of the actual medical or hospitalisation expenses. The policy is renewable till the insured attains 65 years of age without any further medical examination with premiums increasing only once every five year.
Two is company
Union Bank of India is currently hardselling different products of HDFC Standard Life Insurance Company in Calcutta. The campaign, which began last week, will be on till September 10. The products that are being marketed include, Children’s Plan, Endowment Plan, Money Back Plan, Key Man Insurance Plan and Term Assurance Plan. These products are available at all Union Bank branches in the city.