Kotak Life Insurance Launches Kotak Secure Invest Insurance and Kotak Wealth Insurance

Recently, Kotak Life Insurance launched two new ULIPs - Kotak Secure Invest Insurance and Kotak Wealth Insurance. These two new ULIPs are compatible with the new IRDA guidelines.

About the two new ULIPs, Kotak Life Insurance said in a statement, “Kotak Secure Invest Insurance is an equity exposure plan and is backed by capital guarantees with in-built investment advice of the guarantee fund. It also helps the customer gain from market participation through the guarantee fund that aims at stable capital appreciation while limiting the downside risk in falling market conditions.”

So, Kotak Secure Invest Insurance is launched as an equity exposure plan. The plan is backed by capital guarantees with in-built investment advice of the guarantee fund. The plan has customer gain also from market participation through the guarantee fund that aims at stable capital appreciation.

Kotak Secure Invest Insurance is the best plan for the current market situation. It offers guaranteed investment and fund. It gives a freedom of market participation also through the guarantee fund.

About the Kotak Secure Invest Insurance and Kotak Wealth Insurance plans, an online news portal about business and economy - economictimes.indiatimes.com writes, “Kotak Wealth Insurance is a complete package that provides investment growth along with comprehensive triple benefits in the event of death. Its power-packed range of eight fund options allows customers to balance their risk profile with the tenure their investments.”

So, Kotak Wealth Insurance plan is also a complete package with investment growth along with comprehensive triple benefits in the event of death. You can balance your risk profile with the tenure your investments through power-packed range of eight fund options.

Kotak Secure Invest Insurance and Kotak Wealth Insurance of Kotak Life Insurance are the best plan for the current market situation. These are compatible with the new IRDA guidelines also.

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Vodafone Introduces Lowest-Priced Bonus Cards at Rs. 4

This time, Vodafone has introduced its new lowest-priced bonus card at Rs. 4. The bonus card will be featured with 100 local and national SMS or local/STD calls for 8 minutes.

An online news portal about business and economy - economictimes.indiatimes.com writes about the Vodafone Bonus card, “By choosing to deduct Rs 4 from their available talktime, subscribers can get 8 local/STD minutes, calls at 30 paise per minute (to another Vodafone user), 40 minutes of local night calling (to another Vodafone user) or send 100 local/national SMSes. The card will be valid for one day.”

Further the website publishes a quotation of Vodafone, “Priced at Rs 4, the offer is the lowest cost card currently available in the market and is aimed at enabling more people at the grass-root level to stay connected.”

Further the website quotes a statement of Vodafone Essar Chief Marketing Officer Kumar Ramanathan, “We are delighted to launch the most economical bonus offer available in the market. This marks the democratisation of bonus cards, empowering more and more customers to exercise choices at a highly affordable price point of Rs 4.”

Another website about telecom industry - www.telecomtiger.com writes about it, “Existing subscribers can avail information about the Rs. 4 Bonus offer and also activate the service by dialing the special toll free advisory number *121*. On activation, Rs. 4 will be deducted from the main account balance and the benefit will be valid for one day.

The company says that the new Bonus Card is aimed at enabling many more people at the grass root level to stay connected.

The company is also advertising the new Bonus Card through a television commercial (TVC) that features an animated parrot who thinks that these days it is very difficult to buy anything for chaar rupaay.”

It is really the best and lowest-priced bonus card which offers lots of features but it is valid for only one day.

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RBS may sell its Indian commercial and retail unit to HSBC

A buzz has taken strong shape about Royal Bank of Scotland Group Plc that the company may sell its Indian commercial and retail unit to HSBC Holdings Plc. The news is confirmed by economictimes.indiatimes.com, an online news portal about business and economy.

The news portal quotes a statement, “The sides may agree a deal as early as next month. The unit has about 1.3 million customers, 1,800 employees and 28 branches. The bank has announced the sale of four overseas units this week after agreeing to sales in Argentina, Kazakhstan, Pakistan and the United Arab Emirates.”

Further the news portal reports, “Banco Santander SA, Spain’s biggest bank, offered as much as 1.7 billion pounds ($2.52 billion) to buy more than 300 RBS branches in the U.K.”

About the assets of bank, the news portal quotes, “The bank’s assets ballooned to more than 2.2 trillion pounds, about 1 1/2 times Britain’s annual economic production at its peak in 2008. Following the world’s biggest bank bailout in 2008, assets fell to 1.58 trillion pounds at the end of March.”

“…HSBC, Europe’s largest bank, on Thursday agreed to buy the RBS Kazakh retail unit for as much as $52 million in cash as it bolsters its presence in countries trading with China. A spokesman for London-based HSBC declined to comment on talks about a possible purchase of the RBS India unit. At the moment, the bank has 2 million customers and 35,000 employees in 50 branches across India.”

In the conclusion, the news portal writes, “RBS is withdrawing from 16 countries and scaling back in a further 21. It will remain in 17 “core countries,” including the U.S., Australia, China, France, Germany, the Netherlands, Sweden and Spain.”

It is the biggest news in banking sector after merge of Bank of Rajasthan in ICICI. Let’s see what happen in coming future about the talk. RBS may sell its Indian commercial and retail unit to HSBC or not?

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