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| SBI Life announces 9 p c bonus on lifelong pensions schemes | | |
JAMMU JUNE 18
SBI Life Insurance Company Ltd., one of the fastest growing leading private sector life insurance company, today announced a total of 9 per cent bonus, comprising of simple annual bonus of 5 per cent and guaranteed return of 4 per cent on all its inforce Lifelong Pensions policies for the period 2006-07.
Commenting on the occasion, Mr. U.S.Roy, MD & CEO, SBI Life Insurance said: “The bonuses declared reflect our customer centric philosophy and commitment towards offering superior value to our customers.”
SBI Life has declared special one time reversionary bonus of 1.25 per cent on Sudarshan Plan A and 1 per cent on Sudarshan Plan B, in addition to regular simple reversionary bonus of 1 per cent and 0.5 per cent, taking the total 2.25 per cent and 1.5 per cent respectively. The company has also declared a bonus of 2.5%, an increase of 66% over last years’ bonus on its child plan – Scholar II.
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