FEBRUARYASIA BUSINESS OUTLOOK9NEWSROOMSHEIN INDIA TO HOST INDIAN DATA LOCALLYWant long-term coverage for your entire family in terms of life insurance? Do you also require something that gives you good returns for meeting future goals? But that's where you haven't yet checked out guaranteed life insurance plans. These are policies that will be the answer to all your questions, while enabling you to ensure financial security and gain mental peace accordingly. Key Aspects of Guaranteed Life Insurance PlansHere are some of the main features that guaranteed life insurance plans usually offer to customers. These plans come with guaranteed life coverage throughout the chosen policy period. You can select the policy term as per your specific needs, while opting for a reasonable coverage amount as well. In the event of your unfortunate demise within the policy tenure, the insurer will pay a lump sum amount to your nominees to help them meet various pressing costs. They can use the funds to take care of immediate expenditures, along with household needs, liabilities and debts, educational costs, etc. You will be at peace, knowing that your family members are financially secure even when you're not around. Guaranteed life insurance plans also come with assured returns, which not only safeguard your principal investment, but may also offer additional bonuses or returns upon the same. You can get this in the form of regular payouts or a lump sum amount upon maturity, depending on the plan chosen. This is beneficial since you will know that you can get a reliable stream of income in the future or a lump sum amount that you can use to cover various needs. Since the amount is guaranteed at maturity, you can reliably work out how to meet future objectives like buying a house, paying for your child's education, and so on. . The newly launched Shein India app, which became available last Friday, features items that are produced, promoted, and sold exclusively by Nextgen Fast Fashion, a wholly owned subsidiary of Reliance Retail Ventures Ltd. Nextgen produces these items on the Shein India platform using an extensive network of Indian manufacturers, the majority of which are MSMEs (micro, small and medium enterprises), as reported by an industry insider.Shein has re-entered the Indian market almost five years after its ban through the country's leading retailer, Reliance Retail. The new Shein Platform is built and hosted in India, and its ownership and control will always remain with Reliance Retail, he said.Shein India Fast Fashion App from Reliance Retail currently has over 10,000 downloads on Google's Play Store and is ranked among the top 10 among peers on Apple's store.There is no equity ownership of Shein in the Indian company and app Shein India has been developed by Reliance Retail and is hosted in the country.The newly launched platforms have no links with the now in-operational Shein app and the former website (Shein.in) which were previously managed and operated directly by Shein, he said.Further, the platform will be hosted on infrastructure in India, and all platform data will remain in India. Shein will not have any access to or rights over such data, as the industry insiders informed.Reliance Retail is now working with Shein to develop a completely localized model for digitizing the supply chain of Indian MSMEs and factories, creating jobs and enhancing the competitiveness of the Indian textile sector globally. EXPLORING THE TOP GUARANTEED LIFE INSURANCE PLANS FOR LONG-TERM COVERAGE
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