Future Generali out with whole-life Ulip
Future GeneraliIndia Life Insurance Co. Ltd has launched a unit-linked whole life insurance plan. Called Future Generali Sanjeevani Plus, this policy covers the policyholder till the age of 99 years. The policyholder has the choice of paying premiums either in lump sum (single premium-paying option) or in tenures of five, 10, 15 or till the age of 99 years. It is a type I policy, which means that the higher of the sum assured and fund value is paid as death benefit.
The plan offers four investment options, ranging from pure debt to equity funds having equity exposure of up to 90%. The minimum premium for the regular and limited premium option is Rs18,000 and for Rs75,000 for the single premium option. The policy can be bought by those aged between 30 days and 65 years.
New offers from Cox & Kings, MakeMyTrip
Makemytrip.com, an online travel portal, has launched “maximum-saver” holiday packages to the US and Europe between April and September. The portal is offering fly-free packages for bookings done till 26 January, under which the cost of the package will not include airfares.
There are four holiday packages to the US in the range of around Rs1.5-3.2 lakh. The four packages to Europe are in the range of around Rs60,000-1.9 lakh.
Cox and Kings , too, has a new offer, which would give 100 people, chosen through a lucky draw, 200% cash back of the price of the package. The offer lasts till 24 January.
However, you should compare various plans before deciding on a package. For instance, a 14-day tour to eight countries Europe costs Rs1.50 lakh through Makemytrip. Cox and Kings (India) Ltd offers a similar package for Rs1.58 lakh.
Anand Kandadai, vice- president (outbound tours), MakeMyTrip.com, said, “The number of travel offerings in the market can leave a traveller confused.”
‘Savings target to be up in next six months’
A lot of people seem to have taken lessons from the recent downturn, especially the young generation. Though consumers across the Asia-Pacific region, West Asia and Africa are optimistic about the next six months, that’s not making them lax on the savings front.
In fact, 40% of consumers plan to increase their savings target in the next six months compared with the last six months, says MasterCard Worldwide’s savings outlook covered under its annual “index of consumer purchasing priorities”. Of these, 74% said the main reason why they wanted to increase their saving was to prepare for any “unforeseen emergency expenditure” in view of uncertainty over the economy. Other reasons include investing, property and retirement.
Interestingly,?the so-called spendthrift younger generation is more enthusiastic about saving. Around 84% of consumers in the under-30 age group plan to save either the same amount or a bit more in the next?six months against 81% in the 30-44 age group, 78% in the 45-54 age group and 76% of those aged 55 years and above, says the survey. In India, 33% of those surveyed between 18 and 20 years are planning to save more.
Nigeria (85%), the Philippines (67%), Indonesia (64%), Thailand (56%) and Qatar (52%) have the highest number of consumers planning to save more.
Those living in the Philippines fear economic uncertainty most with 91% expressing their concern, while in Morocco, only 30% are really bothered.
The ones who save less were not found confident of earning enough to save, high inflation and low interest rates and returns.