Coinciding with the International Women's Day, a private insurer on Saturday launched a savings scheme called 'Empowered Women' for urban women here.
Under the scheme, launched by Kolkata-based Ashika Insurance Broking and Risk Management (P) Ltd in association with Kotak Mahindra Life Insurance Company, a woman from urban areas would require to invest a minimum of Rs 1,000 per month for a period of 20 years which would be converted into a projected maturity of Rs 5,51,257.
Ashika Insurance President N K Tulsian told reporters that three products of Kotak Life Insurance had been offered under the scheme and one can choose either of the product to park one's savings. All products are having
life insurance cover offering tax benefit too.
To start with, he said, the scheme would be launched in the eastern region (mainly urban areas), targeting one lakh women under its coverage. It would cover rural women in near future depending on the response to the new scheme.
"We wish to encourage women to save through their next generation as well so that saving is considered as an integral part of our custom which can ensure financial security," he said
Source : Economic Times
