Birla Sun Life Mutual Fund has announced dividend under the dividend option of Birla SL FTP Series GM Reg-D, Birla SL FTP Series GM Reg-DQ, Birla SL FTP Series GM Direct-D and Birla SL FTP Series GM Direct-DQ.
The quantum of dividend shall be Rs 0.1 per unit. The record date has been fixed as February 13, 2014.
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Only 7% of life insurance payouts are death claims
IRDAI's own consultation paper shows surrender payouts are five times larger than death claims. This industry is not selling protection. It is selling an exit.
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