Bajaj Allianz Life Insurance, today launched Future Wealth Gain, a unit-linked endowment plan offering a choice of two variants - Wealth Plus and Wealth Plus Care.
Future Wealth Gain is a non-participating ULIP plan with a regular and limited payment premium payment option.
"The product provides our customers the flexibility to choose from eight funds covering both equity and debt asset classes for investment. This launch coincides with our company's achievement of crossing Rs 50,000 crore Asset under Management (AUM) recently," Bajaj Allianz Life Insurance Managing Director and CEO Tarun Chugh told reporters here.
Bajaj Allianz Life Insurance is a joint venture between global insurance and financial conglomerate Allianz SE and financial services company Bajaj Finserv. --------------------------------------------------- Parry Nutraceuticals partners with Synthite Industries
Parry Nutraceuticals, a division of EID Parry and part of the Murugappa Group, today said it has entered into a partnership with Synthite Industries to apply proprietary patented technologies for extraction of phycocyanin, a natural blue pigment found in Spirulina.
Natural Blue is one of the primary colours, which is difficult to master and has very limited sources that are acceptable by regulatory bodies, the company said in a release.
"With this partnership we are complementing our established expertise in organic spirulina cultivation. This is a part of our NPD strategy to launch value added products based on microalgae to secure strong market share in niche segments. We are looking at gaining a market share of 20 per cent over the next two years in this segment," said Parry Nutraceuticals Business Head Muthu Murugappan. ----------------------------------------------- GE partners with Solairedirect to supply inverters
Power solutions provider GE today said it has partnered with Solairedirect to supply its LV5 1-MW solar inverters for the latter's 140 MW plants.
"GE Energy Connections has partnered with Solairedirect, a subsidiary of Engie, to equip its plants with 140 MW of LV5 1-MW solar inverters as well as a 25-year, long-term service agreement (LTSA)," the company said in a statement.
Inverters will be installed in two solar plants with 70-MW capacity each, it said.
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