Birla Sun Life Mutual Fund has announced dividend under the dividend option of Birla SL FTP Series HH Reg-D, Birla SL FTP Series HH Reg-DQ, Birla SL FTP Series HH Direct-D and Birla SL FTP Series HH Direct-DQ.
The quantum of dividend will be the entire distributable surplus as on the record date. The record date has been fixed as April 07, 2014.
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Only 7% of life insurance payouts are death claims
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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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