HDFC Standard Life Insurance Company today declared a growth of 260 per cent in new business premium income for fiscal 2003, having mopped up Rs 132 crore over Rs 36 crore last year.
The sum assured has crossed Rs 5,000 crore with the company extending coverage to over 1.5 lakh lives.
With falling interest rates, HDFC Standard Life has decided to scale down its interim bonus rates by 50 to 100 basis points.
The revised interim bonus rate stands reduced by 50 basis points to 3.25 per cent for all regular premium policies
