Financial Daily from THE HINDU group of publications
Friday, Dec 20, 2002
Financial Daily from THE HINDU group of publications Friday, Dec 20, 2002 |
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Money & Banking
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New Products & Services Aviva launches `Treasure Plus' Our Bureau
NEW DELHI, Dec. 19 AVIVA Life Insurance along with ABN-Amro Bank has launched `Treasure Plus', an investment cum protection plan for the customers of the bank. Treasure Plus is an investment plan with a life insurance cover and a value-added bank account. The investments would help create wealth for the children, while the life insurance cover with accidental, non-accidental and permanent disability cover would ensure that the child's aspirations do not suffer. The tax free-policy is available in tenure periods of 10 years, 15 years or 20 years and would be available to all ABN-Amro customers between 18-50 years of age. The plan also attracts premium of as low as Rs 1,000 to Rs 2,000, Rs 3,000 or Rs 4,000 payable on a monthly, quarterly, semi-annually or on an annual basis. Mr Nitin Chopra, Senior Vice-President & Head Consumer Banking, ABN-Amro Bank India said, "Child oriented financial planning has emerged as the key need in our customer research. In response ABN-Amro had introduced Treasure — a savings product exclusively for children at the beginning of the year. Treasure Plus is our second offering to the target audience."
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