IndiaFirst Life Insurance has launched a pension product, IndiaFirst Guaranteed Retirement Plan. It offers a guaranteed return of 9% on total premiums paid in the initial years, and the benefit of participating in the company's profits in later years. It is a nonlinked, participating, endowment, deferred plan.
Customers have the option of ending the plan term any time after the age of 40.Royal Sundaram General Insurance has launched Lifeline, its flagship health insurance product to Standard Chartered Bank's India customers through the bancassurance channel. Lifeline is Royal Sundaram's first plan serviced by doctors that offers a wide range of sum insured from `2 lakh to Rs`1.5 crore.
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