UTI Mutual Fund has announced the closure of UTI Senior Citizen Unit Scheme. The scheme will be terminated on February 18, 2008. UTI Mutual Fund has announced an alternate health insurance product of New India Assurance Company to the members upto the age of 58 years, in lieu of UTI SCUP. However, for the members above the age of 58 years, New India Assurance Company will continue to provide the hospitalisation cover as per the existing arrangement.
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