30, Nov 2023
Datamatics Earns Prestigious “Forbes Asia Best Under A Billion Award 2023”
Mumbai, 30th November 2023 – Datamatics is thrilled to announce its recent recognition with the esteemed “Forbes Asia Best Under A Billion Award 2023”. The prestigious award ceremony concluded on November 21, 2023, at the Conrad Manila in Manila, Philippines.
Datamatics Global Services, along with its group company Lumina Datamatics, has consistently delivered outstanding results, reflecting a commitment to excellence and innovation in the competitive landscape around the world.
Forbes Asia’s Best Under A Billion list showcases the top 1% of 20,000 listed companies in Asia with annual sales under $1 billion that have demonstrated exceptional corporate performance through a combination of quantitative and qualitative metrics, marking them as a truly select group.
Mr. Sameer L. Kanodia, Managing Director & C.E.O., Lumina Datamatics and Director at Datamatics, while accepting the award at the ceremony held in Manila, Philippines, expressed “We take pride and are honored to receive the Forbes Asia Best Under A Billion Award 2023. This award is a reflection of our relentless pursuit of corporate excellence. I take this opportunity to thank all our stakeholders, including our fellow employees, customers, and shareholders for being an integral part of our growth journey.”
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- By Rabindra
30, Nov 2023
Italian Delights to Asian Flavours: All Saints Launches a Tempting Multicuisine Menu
Mumbai, November 30th: Brace yourselves, Mumbai! All Saints, the culinary maestro in the heart of Khar, is about to redefine your dining experience with a new menu that’s nothing short of a gastronomic carnival!
All Saints’ latest menu is an explosion of flavours, where every bite is a passport to a culinary adventure. This new culinary journey is a testament to the best of multi-cuisine, a harmonious fusion that transcends borders and celebrates the rich tapestry of global flavours.
Ketul Parikh, co-owner of All Saints, states that “we believe in constantly evolving, and the new menu is a testament to our commitment to innovation and the pursuit of culinary excellence. It’s not just about offering a variety of dishes; it’s about creating a culinary narrative that reflects our dedication to keeping our patrons excited, engaged, and continuously delighted with fresh, vibrant flavours.”
Say hello to salads that dance on your taste buds, from the refreshing Classic Saints Watermelon Salad to the bold Tuna Nicoise Salad with its lemony zing. Hold on to your taste buds as the Open Toast section takes you on a rollercoaster of flavours! Mutabal Focaccia and Ceviche Avocado Toast are not just dishes; they’re bursts of ecstasy on sourdough. Pizza lovers, rejoice! The new menu boasts creations like the Burrata de Buffala and the Truffle Cream & Wild Mushroom masterpiece. It’s not just a pizza; it’s a slice of heaven.
But wait, there’s more! The Wild Mushroom Truffle Bao and Salmon Ponzu are your tickets to an Asian flavour fiesta. Sushi enthusiasts, buckle up! Crunchy Vegetable Maki and Rainbow Maki are not just rolls; they’re bites of bliss that’ll make your taste buds dance. The Small Plates section is a carnival of delights, with Butter Poached Crispy Potato and Wings Factory adding a dash of thrill to your culinary journey. Pasta & Risotto? It’s not just a dish; it’s an art form at All Saints. Tortellini Al Fungi Italy and the Make Your Own Pasta experience are like personalised love letters to your taste buds. Large Plates take you on a joyride with the Medley of Mushroom Stroganoff and the Seafood Platter with Lemon Chilli Butter – a feast fit for royalty. XO Fried Rice and Udon Noodles are your tickets to a flavour-packed adventure. And now, the sweet finale! Sin Bowl of Joy and Baked Cheesecake with Seasonal Fruits – desserts so divine they’ll make your heart skip a beat.
Gaurav Parikh, co-owner of All Saints, goes on to add that“our latest menu at All Saints is a celebration of shared enthusiasm and a commitment to elevate your dining experience. With each new dish, we invite you to join us in the excitement of culinary exploration, where every bite is an adventure waiting to be savoured.”
So stop by All Saints and indulge in the magic of their new multi-cuisine menu, where every bite tells a story, and every meal is an exploration of extraordinary flavours that leave an indelible mark on your palate
30, Nov 2023
Elevate Your Child’s World with Thoughtfully Designed Furniture and Accessories!
Creating the right ambiance for your kids’ room is not Child’s play. Sourcing the right decor elements for the room that mesmerizes your child can be a daunting task. Smartsters the Mumbai-based kids home decor brand offers perfect solutions for all the decor needs. With a deep understanding of the needs of growing children, from age 3 onward, through the teenage years, and until they are fully grown adults. Smartsters aims to facilitate problem-solving skills, enhance language abilities, and strengthen the imagination.
Smartsters has a large range of innovatively designed, child-safe products such as beds and bunks, study tables, storage units, tables, chairs, mattresses, bedsheets, comforters, cushions, lamps, and more.
“At Smartsters, we create furniture and decor products designed for kids. Smartsters is a labour of love—the result of a deeply empathetic approach to childhood. Home is where our children spend the most time. The design of children’s indoor spaces plays an important role in their overall development. When designed well, children’s furniture and decor can spark curiosity and imagination, enable concentration, help children channel their energies, and self-regulate their emotions. At Smartsters, our mission is to support the holistic development of children and equip homes for happy, free-thinking, wondrous childhoods!” says Bikram Mittra, Design Head at Smartsters.
“I realized there was a gap in the market for functional yet thoughtfully designed furniture in the kids segment that was well-priced. Our goal at Smartsters therefore is to serve parents and provide them with well-designed decor, furniture, furnishings, and bedding items under one roof through Smartsters so as to make their lives easier and
provide their children with a healthy and playful environment to grow up in,” says Ashni Biyani, founder and director of Think9 Consumers, a co-creation platform that launched Smartsters.
There are three design pillars that form the very foundation of Smartsters.
1. Involves telling stories through their products
2. Strong design fundamentals such as perfect proportions and geometric flow
3. High ergonomics that are designed around a growing child, factoring in reach,
height, as well as comfort.
Besides this, Smartsters incorporates the required safety standards into each product; for example, all of their products have rounded edges to prevent injury.
30, Nov 2023
FinEdge crosses 1000 crore of Asset under Management
India, November 30th, 2023: FinEdge, India’s leading tech-enabled investment management company has achieved a major milestone of managing over 1000 crores of goal-based investments for its 18,000 clients spread across 1800 cities in the country. This significant milestone marks a testament to FinEdge’s innovative bionic business model and proprietary tech-led Dreams into Action Investing platform. Since its inception, FinEdge has pioneered the use of technology and human expertise and has established itself as the world’s first wealth tech company to introduce Bionic investing.
Speaking on the achievement, Mr. Harsh Gahlaut, CEO, FinEdge said, “We have used the last few years to develop our tech platform and software to provide exceptional value to our clients. Along with this 1000 crore milestone, we have completed the design and development of all our tech tools and are now looking at scaling up with an aim to onboard 1,00,000 clients over the next few years. The combination of cutting-edge technology and investment experts to not only manage investments but also investment behavior is unique and ensures that we create a generation of better investors.”
Mayank Bhatnagar, Co-Founder & COO of FinEdge, highlighted the company’s unique value proposition, stating, “Our bionic business model has been exceptionally well received by our clients, reflected in the recommendations and referrals we get. Over the next 5 years, we aim to get to 1,00,000 clients from the current 18,000.”
Industry Recognition and Support
Several industry stalwarts came together to congratulate FinEdge on the momentous milestone of achieving 1,000 crores of AUM.
- Nilesh Shah, Managing Director, Kotak AMC: “The company’s ‘Dreams into Action’ platform is another feather in their cap. It revolutionizes the investment process, making it accessible and interactive. Coupled with their top-notch team that provides hyper-customized financial solutions, they set an example for others in the industry,”
- Kalpen Parekh, MD at DSP Investment Managers: “FinEdge has achieved this by bringing a human touch in their interactions with investors around things that matter to consumers – their objectives & life purpose, their dreams, their anxieties and how money and right investing can help them achieve their goals.”
- Radhika Gupta, Managing Director & CEO of Edelweiss Mutual Fund: “By consistently prioritizing their clients and providing investment platforms that cater to individual financial goals, FinEdge empowers people to achieve their aspirations. As we celebrate this remarkable milestone together, it serves as a reminder that the road to success is paved with vision, hard work, and an unwavering commitment to delivering exceptional value. Your ambitious goal of surpassing 1 Lac Cr AuM in the next decade is truly exciting, and we are eager to continue providing our support at every step of your journey”.
The Future of FinEdge: Creating a Generation of Better Investors
FinEdge’s future plans revolve around achieving client-centricity with technology and people being key enablers. The company aims to scale up to 100,000 clients by 2028 with Assets under Management (AUM) at 10,000 crores. Additionally, the founders remain committed to a scalable, conflict-free business model aligned with their core purpose.
“Over this long journey, the organization needs to ensure that our beliefs are aligned with our clients, and we leverage our proprietary technology platforms and our investment managers to ensure that our clients create wealth by staying invested. Investing resilience is not easy, it requires exceptional processes, products, purpose, and investing experts to customize investment solutions so that investors can meet their financial goals. FinEdge is perhaps the only tech-led investing platform that encompasses all of these enablers that empower investors to reach their goals”, added Gahlaut.
Mayank Bhatnagar concluded, “We at FinEdge are extremely proud of our client-centric values. Our motto, people before products, reflects our core values. As an organization, we don’t have any product, revenue, or sales targets to protect what we believe in. We look forward to the next 10 years with excitement and anticipation.”
Democratizing Investing and Addressing Key Industry Challenges
FinEdge aims to democratize investing and address significant challenges faced by the masses, such as the ‘recommendation trap,’ the scale vs. relationship paradox, and conflicts of interest in robo-advisory platforms. The company’s goal-based investment strategies focus on aligning clients with their objectives, ensuring a holistic and personalized wealth management experience. Despite being a completely digital platform, FinEdge places great importance on nurturing relationships and providing guidance to investors throughout their journey. The company emphasizes investing resilience to combat issues like the ‘recommendation trap’ and investor return disparities.
30, Nov 2023
Comment on Anarock Luxury Housing Report
Mr Ashwin Chadha, CEO, of India Sotheby’s International Realty
The surge in new opportunities in various sectors like global manufacturing in India, rising exports, and a robust startup ecosystem has strengthened economic momentum and contributed to wealth creation in the country.
This, in turn, has led to an increase in the number of wealthy individuals in India, with the noteworthy trend of a declining average age among billionaires. The emerging generation of young and affluent individuals are investing their wealth in ultra-luxury properties. Even celebrities like Alia Bhatt and Suhana Khan have invested in flats and farmland respectively.
Subsequently, old and traditional business families are showing a willingness to invest in expansive ultra-luxury properties, resulting in a notable uptick in both demand and transactions within this segment.
As the number of billionaires in India is projected to grow significantly, over 100% growth by 2027, the demand for ultra-luxury properties is anticipated to sustain its upward trajectory.
30, Nov 2023
Godrej Capital Nirmaan enhances its offering; partners with DBS Bank India, Visa, and Amazon to aid MSME growth
Mumbai: Over the last decade, significant strides have been made in reducing the credit gap for small businesses in India. However, securing credit is only one of the many challenges faced. It’s a long list, but growing sales amidst intense competition, efficient cash flow management, scarcity of skilled manpower, the uphill task of an ever-changing technology landscape, and grappling with legal and compliance norms due to limited resources and know-how are right up there along with timely credit at good terms.
Amidst this backdrop, the Godrej Group, with a rich history of over 125 years in Indian business, stands poised to tackle these challenges. Rooted in the ethos of ‘nation-building’ and fortified by the trust of Indian consumers in the brand Godrej, Godrej Capital is betting bigger on its Nirmaan platform by significantly expanding its collaborative network. Partnerships with industry stalwarts such as DBS Bank India, Visa, Amazon, and others underscore Godrej Capital’s commitment to providing growth opportunities for MSME owners. These collaborations are designed to empower MSMEs, offering a diverse array of value-added services and comprehensive support throughout their business journey. In a testament to its commitment, Nirmaan has expanded its collaborative model to include 13+ partners, aligning with a vision to actively contribute to the growth of MSMEs in the dynamic landscape of the Indian financial services sector.
The platform aims to foster growth revolving around three critical areas for MSMEs:
· Expansion of customer base
· Streamlining of operations
· Enhancement of employee productivity
Speaking about the partnership, Manish Shah, MD & CEO at Godrej Capital, said, “We are delighted to expand our partner ecosystem, reinforcing our commitment to help MSMEs grow, through Nirmaan. We aim to be catalysts and help MSMEs beyond lending by being a part of their business growth journey. Aligned with the Godrej Group’s nation-building ethos, we see ourselves as enablers and we firmly believe that, with the collective commitment and services provided by our partners, we can make a difference and contribute towards making India a 5 trillion-dollar economy.”
This partnership will enable DBS Bank India to offer MSMEs access to a comprehensive suite of value-added services, featuring a customized current account. Businesses registered with Nirmaan can enjoy exclusive benefits that go beyond the regular suite of offerings such as – a 1-year waiver on Minimum Average Quarterly Balance non-maintenance fees, seamless integration with Tally ERP for connected banking, highly competitive trade and FX pricing, the convenience of a Business Debit Card powered by Visa, and exclusive partner offers, providing holistic financial support for MSMEs.
Commenting on the partnership, Rajat Verma, MD and Head of Institutional Banking Group, DBS Bank India, said, “Leveraging our local market insights and deep understanding of business realities, DBS Bank India has created an innovative offering with Godrej Capital Nirmaan. We have designed an exclusive set of benefits for MSMEs on Nirmaan that will help free up cash flows through special fee waivers on the current account variant, along with a host of partner offers to enhance business agility. The partnership underlines our commitment to empowering MSMEs across India to unlock their growth aspirations.”
Visa, a global leader in digital payments, will provide comprehensive payment solutions for MSMEs through the Nirmaan platform. Its extensive network and global acceptance will also support DBS Bank India’s specially curated offerings for Nirmaan users.
Sujai Raina, Vice President and Head – Business Development, India, Visa said, “We are delighted to collaborate with Godrej Capital Nirmaan and DBS Bank India to offer comprehensive payment services to small businesses in India. MSMEs are vital to the socio-economic and inclusive growth of the country, and Visa helps them unlock opportunities and value with its solutions. We are facilitating the DBS Current Account with a Business Debit Card offering specially curated for Nirmaan users, that allows MSMEs to make payments seamlessly, thus enabling them to drive business priorities and growth imperatives”.
Amazon’s partnership with Nirmaan will help MSMEs showcase and sell their products to customers across India by listing them on Amazon.in. It will additionally help open the door to global markets, with a three-month subscription to Amazon’s e-commerce exports program called Amazon Global Selling. Nirmaan users will also be able to get free-of-cost access to website creation and omni-channel inventory management solutions from Smart Commerce by Amazon until March 2024.
Speaking on the partnership, Gaurav Bhatnagar, Head of seller Acquisition at Amazon India said, “Amazon is deeply committed to forging partnerships with MSMEs to address the ever-evolving customer landscape, with a focus on our three fundamental pillars: selection, value, and convenience. Through our collaboration with Godrej Capital Nirmaan, we aim to bring the benefits of digitization and e-commerce closer to MSMEs. They will be able to leverage Amazon to showcase and sell their products to customers across India and capitalize on export opportunities. They will also be able to digitize their day-to-day operations through omni-channel inventory management solutions. We believe that such collaborations will help MSMEs serve their customers with unparalleled dedication and grow their business excellence.”
In addition to the existing partners Onsurity, Zolvit, and MSMEx, the new partners – GeM Tech Paras, Escrowpay, GreytHR, and Serapis Knowledge Solutions – will provide MSMEs with access to a wider range of solutions to help them grow their businesses.
Focusing on overall value creation through ecosystem development and partnerships, Godrej Capital Nirmaan aims to contribute towards the entrepreneurial and socio-economic development of the MSME sector in India, ultimately contributing to the growth of the economy and nation-building. The platform goes beyond lending offerings and provides value-added services encompassing business growth opportunities, ease of business, and knowledge and network avenues.
30, Nov 2023
India’s Top 8 Housing Markets Continue to Exhibit Strong Growth: Sales Rise by 22%, New Supply by 17% in July-Sep 2023: PropTiger.com Report
National, 30th November 2023: India’s leading eight residential markets have demonstrated robust growth, with a 22% increase in sales and a 17% rise in new supply during the third quarter of the calendar year (July-September 2023), as per the latest data by PropTiger.com.
PropTiger.com, a leading digital real estate brokerage firm, which is owned by REA India—also the parent of Housing.com and Makaan. com—released its ‘Real Insight Residential – July-September 2023‘ report, highlighting that sales of residential units have climbed to 1,01,220 units in the third quarter from 83,220 units in the same period last year.
All cities, except Chennai, registered a growth in sales, with Mumbai Metropolitan Region (MMR) and Pune accounting for nearly half of the total volume.
The quarterly report by PropTiger.com tracks eight major housing markets, including Delhi-NCR, MMR, Chennai, Kolkata, Bengaluru, Hyderabad, Pune, and Ahmedabad.
Mr. Vikas Wadhawan, CFO of REA India and Business Head of PropTiger.com remarked, “The housing markets in the top eight cities continue to gain momentum. The strong demand is bolstered by positive consumer sentiment.”
Mr. Wadhawan noted factors like pent-up demand, increased disposable income, stable interest rates, and renewed investor demand as key drivers of the sales growth.
Sales (Q3’23 vs Q3′22):
|
Sales Quarterly |
|||||
|
City |
2023 |
2022 |
QoQ |
YoY |
|
|
Q3 2023 |
Q2 2023 |
Q3 2022 |
|||
|
Ahmedabad |
10,300 |
8,460 |
7,880 |
22% |
31% |
|
Bangalore |
12,590 |
6,780 |
7,890 |
86% |
60% |
|
Chennai |
3,870 |
3,050 |
4,420 |
27% |
-12% |
|
Delhi NCR |
7,800 |
3,230 |
5,430 |
141% |
44% |
|
Hyderabad |
14,190 |
7,690 |
10,570 |
85% |
34% |
|
Kolkata |
3,610 |
1,940 |
2,530 |
86% |
43% |
|
Mumbai |
30,300 |
30,260 |
28,800 |
0% |
5% |
|
Pune |
18,560 |
18,840 |
15,700 |
-2% |
18% |
|
India |
1,01,220 |
80,250 |
83,220 |
26% |
22% |
Source: Real Insight Residential – July-September 2023, Housing Research
*Note: Numbers rounded off to the nearest thousand.
PropTiger.com data show that Y-o-Y housing sales in Ahmedabad have risen 31 percent to 10,300 units from 7,880 units. Sales in Bengaluru have registered the maximum growth of 60 percent to 12,590 units from 7,890 units. Delhi-NCR recorded sales growth of 44 percent to 7,800 units from 5,430 units. Hyderabad has witnessed a 34 percent growth in sales to 14,190 units from 10,570 units. A 43 percent growth in sales has been seen in Kolkata to 36,10 units from 2,530 units. Sales in Mumbai have witnessed only a modest 5 percent increase to 30,300 units from 28,800 units because of a higher base. Sales in Pune have grown 18 percent to 18,560 units from 15,700 units. Chennai is the only market that registered a decline in sales with unit sales dropping by 12 percent to 3,870 units from 4,420 units.
Mr. Wadhawan added “the market is consolidating with demand centering around reputed developers, which instils new-found confidence in homebuyers, particularly for under-construction projects. This was not the case a few years ago.”
In the Q3 period, 14% of units sold were ready to move in, and 31% of sales occurred in the above Rs 1 crore price segment.
Ms. Ankita Sood, Head of Research at PropTiger.com, Housing.com, and Makaan.com, said “ Despite global challenges, property markets in India are looking up across cities. We are in the midst of a residential real estate upcycle, with the July-September quarter, seeing a surge in property sales by 22 percent and new launches registering a 17 percent Y-o-Y growth. We anticipate the festive season to further boost sales, potentially pushing annual figures to new heights.”
Ahmedabad leading the new supply:
|
New Supply Quarterly |
|||||
|
City |
2023 |
2022 |
QoQ |
YoY |
|
|
Q3 2023 |
Q2 2023 |
Q3 2022 |
|||
|
Ahmedabad |
16,670 |
21,500 |
8,190 |
–22% |
104% |
|
Bangalore |
14,360 |
8,000 |
14,610 |
80% |
-2% |
|
Chennai |
3,700 |
4,630 |
3,930 |
-20% |
-6% |
|
Delhi NCR |
6,810 |
4,240 |
6,340 |
61% |
7% |
|
Hyderabad |
20,480 |
11,960 |
27,430 |
71% |
-25% |
|
Kolkata |
3,850 |
3,500 |
2,410 |
10% |
60% |
|
Mumbai |
35,920 |
33,330 |
28,880 |
8% |
24% |
|
Pune |
21,190 |
26,610 |
13,030 |
-20% |
63% |
|
India |
1,23,080 |
1,13,770 |
1,04,820 |
8% |
17% |
Source: Real Insight Residential – July-September 2023, Housing Research
*Note: Numbers rounded off to the nearest thousand.
Regarding new supply, Ahmedabad led the way with significant growth to 16,670 units, while other cities showed mixed trends. However, the overall landscape remained positive, with a 17% increase in launches across the eight markets, amounting to 123,080 new units.
.
30, Nov 2023
KVB expands footprint in Tamil Nadu and Karnataka
.Branch network improves to 831
Chennai, November 30, 2023: Karur Vysya Bank today inaugurated four new branches – Three in Tamil Nadu and, one in Karnataka. With this, the total branch network of the Bank increased to 831.
The new branches that were opened today are
i. 828th Branch at Dobbaspet, Nelamangala, Bangalore, Karnataka by Shri S.Kantappa M.A., LLB., President, Dobbaspet Industries Association
ii. 829th Branch at Pernambut, Vellore District, Tamil Nadu by Shri. Jaweed Khan B.A (C S)., Green Valley E – Techno Matric and CBSE Schools
iii. 830th Branch at Tiruvennainallur, Villupuram District, Tamil Nadu by Shri. S.Suresh, B.E., Deputy Superintendent of Police Villupuram Sub–Division
iv. 831 St Branch at Marakkanam, Villupuram District, Tamil Nadu by Shri. Y Amjathali, M.L., Deputy Director of Prosecution Cuddalore Region
30, Nov 2023
Blum LEGRABOX drawer system
If you are looking for a lean, sleek, and slim drawer system with an unprecedented level of performance, you do not need to look for anything other than the BLUM LEGRABOX drawer system. The box system strikes clear lines, parallel frame design, and accent lines as central design elements.
LEGRABOX is a drawer system that can make your kitchen furniture systematic by saving a lot of space in the kitchen, unlike cabinets. It is a trend in itself to have storage spaces like the LEGRABOX that are engineered in a way to mix style with utility for its consumers. It is easy to clean and maintain, thus making it an apt choice for working professionals.
LEGRABOX features customizable design elements that provide a simple open look, with various colours and stainless-steel anti-fingerprint material. The colours are universally usable and blend seamlessly into various furniture designs thanks to the matte metallic surface.
LEGRABOX Terra Black Matte is used for special furniture due to its dark elegance. The LEGRABOX stainless steel (Inox) anti-fingerprint has an elegant design and is ideal to combine with dark surfaces. Lastly, LEGRABOX Orion Grey Matte is suitable for all living spaces thanks to its delicate, elegant, and versatile design.
The LEGRABOX guarantees maximum stability when opening and closing drawers even when it is fully extended and heavily laden, thanks to high dynamic carrying capacities of 40 and 70 kg. It also lets one print their brand name on the drawer sides.
30, Nov 2023
Now plan Early Retirement and Fikar-Free Future with Tata AIA’s Fortune Guarantee Retirement Readiness Plan
India, 30th November 2023: Retirement aspirations are deeply rooted in pursuing financial independence, enabling us to preserve our cherished lifestyle well into our golden years. We yearn for the economic resilience to confront life’s unforeseen challenges without burdening our loved ones. Whether it’s globe-trotting adventures, quality moments with grandkids, or spiritual journeys, planning for retirement is a vital step toward safeguarding our dreams. Enter the Tata AIA Fortune Guarantee Retirement Ready Plan, a meticulously crafted solution from Tata AIA Life Insurance designed to empower you for the golden years with guaranteed benefits and compelling features, ensuring you can fully embrace life.
Key Features of Tata AIA Fortune Guarantee Retirement Ready:
Plan Options: Choose from three plans: My Pension, Partner Pension, and Partner Pension Plus. Each option caters to different needs, providing flexibility for individuals and couples in planning their retirement.
Guaranteed Additions: Enjoy a 6% guaranteed addition of the sum assured on vesting, boosting your retirement corpus and providing a stable foundation for your golden years.
Vesting Addition: Receive a lump sum Vesting Addition at the end of the policy term, further enhancing the overall benefits of the plan.
Premium Payment Flexibility: Tailor the plan to your financial preferences by selecting from Single, Limited, or Regular premium payment terms. This flexibility ensures that the plan aligns with your unique financial situation.
Special Discounts: Avail special discounts, including:
Smart Lady Discount: 2% on the first year’s premium for female lives assured.
Transgender Discount: 2% on the first year’s premium for transgender customers.
Super 35 Discount: Up to 2% on the first year’s premium for customers under 35.
Flexibility: The product offers flexibility in the entry age (30 years) and maturity age (85 years).
Plan Options:
· My Pension (Option 1): A single-life option offering assured benefits on vesting. In case of the life assured’s demise during the policy term, death benefits are provided as defined in the policy.
· Partner Pension (Option 2): A joint-life option with assured benefits on vesting. In the event of the last surviving life’s death during the policy term, death benefits are payable.
· Partner Pension Plus (Option 3): A joint-life option with an added Waiver of Premium (WoP) benefit in case of the primary life assured’s death during the Premium Payment Term. The policy continues for the second life assured with waived premiums, ensuring complete benefits.
Vesting and Death Benefit Options: Options to avail of Vesting Benefits include utilizing the entire proceeds for an annuity from the company, commuting up to 60%, or purchasing an annuity from another insurer. A Vesting Booster of 5% is added if 100% of the Vesting Benefit is used to buy an annuity from the company.
The Tata AIA Fortune Guarantee Retirement Ready Plan combines the certainty of guaranteed benefits with the flexibility to tailor the plan to individual needs. With various options, discounts, and added benefits, this plan empowers individuals and couples to embrace their retirement years with financial confidence.
