MANAMA: Life Insurance Corporation (International) yesterday celebrated 20 years of operating out of Bahrain with the launch of a unit linked insurance plan called Fortune Builder. The product, which offers three separate funds, will offer investors the opportunity to take advantage of opportunities in the capital markets of India or across global equities.Life Insurance Corporation (International) chief executive officer Roy Chowdhury said the new product was flexible, catered to all life requirements and offered a wealth generation tool that simultaneously provided life insurance protection. The product is being marketed across the GCC and the company has forged a strategic alliance with Doha Bank to market the product.
LIC has more than 80,000 customers in the region and investment income of $450 million. It is part of LIC of India which has issued more than 220m policies and has a financial base of $175 billion and is the biggest life office in India.
news source : http://www.gulf-daily-news.com/
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