Make Life Saral

Life Insurance Corporation of India (LIC) has launched a savings plan, Jeevan Saral, which provides cover against death and permanent disability due to accident. It allows you to decide the premium, which could be paid monthly, quarterly, half-yearly or annually. LIC is offering 2 per cent rebate on premium if it is paid annually and 1 per cent, if paid half-yearly. Individuals aged between 12 and 60 are eligible to invest in it and for any term ranging from 10 to 35 years, but age at maturity should not exceed 70.

Homely rate

Under a scheme valid till February 20, Standard Chartered Bank is offering variable interest rate home loans at 7.25 per cent for all tenures up to 20 years. This translates into an equated monthly instalment (EMI) of Rs 791 per lakh. Fixed rate home loans are being offered at 7.49 per cent for any length of time up to 20 years. At this rate, you’ll have to pay an EMI of Rs 805 per lakh.

Chola ke peeche

Chola Mutual Fund has said it would issue bonus units in two schemes, Chola Growth Fund and the cumulative option of Chola Income Short Term Funds. The record dates for declaration of bonus are March 5 and February 26, respectively. Canbank Mutual Fund has announced a dividend of Rs 2 per unit in Canganga, an equity-oriented balanced fund. The record date is February 23.