Peerless Unveils Schemes For Low Income Group

Peerless General Finance and Investment Ltd, the country's largest residuary non-banking finance company (RNBC) launched five saving schemes yesterday to cater to the diverse needs of the lower income group. These are Sanchay Sudha, Sanchay Sushma, Sanchay Madhuri, Sanchay Manjari and Sanchay Malti.

In the new saving schemes, depositors will be entitled to get an extraordinary facility of free accidental death insurance cover upto Rs 1,00,000.

Peerless has taken up exhaustive plans and programmes to promote the schemes across the country.

A number of field meetings will be organised by in different parts of the country in this month and the next.

Peerless has also declared an early bird incentive for persons joining any of the new schemes in February and March 1998.

A special incentive has also been declared for the field workers, who will succeed in selling certificates under the new schemes.