| AMP Sanmar recently introduced a new product,
the Pension Plan. Titled Bhagya Shree, the Pension Plan has
been structured with flexibility as the key principle, offering
a host of options to suit diverse individual needs. |
| Introducing the Pension Plan at Chennai, S
V Mony, CEO, AMP Sanmar, said, “We realised that people were
becoming more aware about the need for retirement plans, when
in all our Customer Meets this was one of the important topics
of discussion. These interactions also helped us understand
that people wanted options and flexibility in their pension
plans. Keeping this in mind, we have structured Bhagya Shree
with a host of options and we are confident the plan with its
extreme flexibility will get a very good response.” |
| Bhagya Shree comes with built in options in
every aspect—flexible contributions with flexible top ups, two
innovative risk cover options, two choices in investment plan
with switch facility, exit options and also the flexibility
to choose the annuity provider. Bhagya Shree also offers add-on
riders for accidental death and disablement benefit. Another
feature is the option to go in for early vesting periods. Subject
to a policy period of five years and a vesting age of 45 years,
the customer can choose to advance the accumulation period from
the earlier chosen period. On vesting, the product offers three
annuity choices. Bhagya Shree is open to all—whether you are
a salaried individual, a trader, a professional or a businessperson. |
| “The global expertise of AMP in innovative
product design and actuarial know-how has been a bed rock in
bringing more user friendly features in this product. AMP is
the No.1 provider of pension products in Australia and New Zealand
with 40% market share,” added Mony. |
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| Steve Waugh should have no worries when he retires! |
| B Natraj to be COO of
AMP Sanmar |
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| B Natraj, Managing Director-Corporate, is
being seconded to AMP Sanmar Assurance Company Ltd (ASAL) as
its Chief Operating Officer (COO). He will report to Graham
Meyer who has been seconded by AMP as Managing Director of ASAL.
Matrix wishes Natraj the very best in his new assignment which
starts on 1st April 2003. |
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