SBI Life Insurance announces 9% return on LPSs
SBI Life Insurance on Monday announced a total of 9 per cent return on Lifelong Pension Schemes.
By PTI |
MUMBAI: SBI Life Insurance on Monday announced a total of 9 per cent return on Lifelong Pension Schemes.
This includes a simple annual bonus of 5 per cent in addition to the guaranteed return of 4 per cent per annum for all policies in force as on March 31, 2006, the company said in a release here.
"All our products have delivered good results. Therefore, we are pleased to share the benefits with our customers through a bonus increased by 25 per cent as compared to last year," Company Managing Director and Chief Executive Officer S Krishnamurthy said.
"All bonuses declared are a percentage of the effective sum assured and not linked to the premium component," it added.
This includes a simple annual bonus of 5 per cent in addition to the guaranteed return of 4 per cent per annum for all policies in force as on March 31, 2006, the company said in a release here.
"All our products have delivered good results. Therefore, we are pleased to share the benefits with our customers through a bonus increased by 25 per cent as compared to last year," Company Managing Director and Chief Executive Officer S Krishnamurthy said.
"All bonuses declared are a percentage of the effective sum assured and not linked to the premium component," it added.
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