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Shriram Life launches non-linked insurance plan

Press Trust of India  |  Mumbai 

Shriram Life Insurance Company (SLIC), a part of Shriram Group, today launched a new plan mainly aimed at for young parents.

Genius Assured Benefit Plan is a non-linked, non- participating, specialist insurance plan that provides assured payouts for financing a child's education and securing his/her future, the company said.

"We found that a large part of household's savings and expenditure goes towards education and career planning of children. We identified this critical need and worked on this product that would help parents in planning the future of their child and also provide financial assistance at different career milestones of the child's life," SLIC Managing Director Manoj Jain said in a release here.

----------------------------------------------------- DIFC inks MoU with GIFT

Dubai International Financial Centre (DIFC), the leading financial hub in the USD 7.4 trillion Middle East, Africa and South Asia (MEASA) region, today said it has signed an agreement with Gujarat International Finance Tec-City (GIFT).

Under the memorandum of understanding (MoU), both the centres will share best practices of mutual interest, exchange information on banking, financial service and securities, legislation and regulation, cooperation in the area of training, assistance in organising seminars and conferences on selected issues. They will also exchange information on trends in relevant global financial services activities and products, within the FinTech field.

DIFC Chief Executive Officer Arif Amiri said, "India represents the UAE's third largest trading partner as well as one of the world's fastest growing economies, and natural synergies between the two centres exist which will certainly benefit our respective clients.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Tue, February 28 2017. 16:28 IST