Mumbai, July 01: SBI Life Insurance, today launched a new unit linked insurance plan–SBI Life Maha Anand for middle and low-income segments.
The product would be available at a premium starting from Rs 500 per month, the company said in a statement here.
“Available at a low premium entry level, Maha Anand offers an opportunity to large sections of society to participate in the entry markets and benefit by systematically investing over a long-term horizon,” SBI Life Managing Director and CEO, U S Roy, said.
The product is available upto 55 years of age. The maturity age is upto 65 years.
It has three fund options-equity, equity optimizer and bond fund.
—Agencies