For happy life

Tata AIG Life Insurance has launched ShubhLife?an endowment policy, whereby one can choose a policy period among 10, 15, 20, 25 and 30 years along with a flexible premium paying period. It gives a 3 per cent guaranteed addition of the sum assured once every two years from the first year till half the term of the policy. It also pays a reversionary bonus from the sixth policy year onwards. The minimum and maximum age of entry is 18 and 65 years, respectively, and offers various riders with the policy.

Dividend day

Sahara Mutual Fund has declared a 100 per cent dividend under Sahara Tax Gain Fund and the record date has been fixed as January 19, 2005. Franklin India Bluechip fund has also declared dividend record date on the same day. Deutsche Alpha Equity Fund has declared January 20 as the record date for dividend while Chola Midcap Fund has declared a dividend of 10 per cent with the record date being January 24.

Balancing act

Canbank Mutual fund has merged Canganga and Cantriple schemes with Canpremium scheme, an open-ended scheme, the name of which would be changed to CanBalance. CanBalance will invest 0 to 60 per cent of the assets in equity and equity-related instruments.