BUSINESS

SBI Life's offer for plantation workers

CHENNAI: SBI Life Insurance Company, a joint venture between State Bank of India and Cardif SA of France, has announced that it had covered 4,400 employees of the Bombay Burmah Trading Corporation tea estate near Coimbatore in Tamil Nadu through Sudarshan, its endowment policy. SBI Life has accepted a single premium amount of as low as Rs. 4,000 on behalf of each worker to issue the endowment policy which would mature on every worker attaining the age of 60, according to a release. — Our Bureau

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