npavan78
17-06-2008, 09:23 AM
Birla Sun Life Insurance (BSLI) announced that it has launched a new product called Birla Sun Life Insurance Platinum Plus aimed at reducing investment risk and optimising returns.
The Insurance Platinum Plus is a short pay, medium-term unit linked insurance plan which offers guaranteed maturity unit price, the first in the Indian insurance industry, a press release issued here stated.
"With the Platinum Plus, not only will our policy-holders participate in the equity market but they will also enjoy a guaranteed maturity unit price--the maximum unit price recorded on the 15th of each calendar month till June 15, 2015," the release said.
The fund will invest in an opti[/B][/B]mum mix of equities and fixed income instruments and may have up to 100% exposure in both equities and fixed income assets while investment in money-market instruments will be capped at 40%.
Amongst its special features are a guaranteed maturity unit price and the option to reduce annual premium in the second and third year subject to minimum of Rs 1-lakh.
Partial withdrawals are available after three policy years in case of any financial emergency and full liquidity without any penalty after three years.
The Insurance Platinum Plus is a short pay, medium-term unit linked insurance plan which offers guaranteed maturity unit price, the first in the Indian insurance industry, a press release issued here stated.
"With the Platinum Plus, not only will our policy-holders participate in the equity market but they will also enjoy a guaranteed maturity unit price--the maximum unit price recorded on the 15th of each calendar month till June 15, 2015," the release said.
The fund will invest in an opti[/B][/B]mum mix of equities and fixed income instruments and may have up to 100% exposure in both equities and fixed income assets while investment in money-market instruments will be capped at 40%.
Amongst its special features are a guaranteed maturity unit price and the option to reduce annual premium in the second and third year subject to minimum of Rs 1-lakh.
Partial withdrawals are available after three policy years in case of any financial emergency and full liquidity without any penalty after three years.