npavan78
12-08-2008, 07:24 AM
HDFC Standard Life has launched a new product called "Unit Linked Wealth Maximiser Plus". This is a single premium investment cum protection plan, with a minimum premium of Rs 1 lakh. The policyholder has the option to choose from five fund options - Money Plus Fund, Bond Opportunities Fund, Large-cap Fund, Mid-cap Fund, and Manager's Fund. HDFC Standard Life will offer regular loyalty units of 0.10 per cent every year as long as the policy is not surrendered. The accumulated value of the funds is received at the end of the policy term. In the event of unfortunate demise of the policyholder during the policy tenure, HDFC Standard Life will pay the greater of the Sum Assured (less all applicable withdrawals) and the total fund value to the family members of the policyholder. The policy offers life insurance cover until the age of 99 years.