HDFC Life launches single-premium ULIP
   
Quotes

HDFC Life launches single-premium ULIP

Last Updated: Tuesday, August 28, 2012, 19:28
 
 Comment 0
 
HDFC Life launches single-premium ULIP
Mumbai: HDFC Life on Tuesday launched a single premium ULIP called 'Invest Wise' aimed at building savings for retirement planning.

"Targeted specifically at the Wisdom Investor segment, HDFC Life Invest Wise Plan aims to offer a milestone-based savings avenue for a horizon of 15 years. Customers up to the age of 70 years may also buy this plan opting for hassle-free no medicals option by answering few questions in short medical questionnaire.

"For short-term liquidity needs, customers may go for the partial withdrawal option after 5 years," HDFC Life Vice President (Strategy and Product) Sanjay Tiwari said.

The company will continue to add new products for Wisdom Investor segment, he added.

The key features of Investor Wise are single premium ULIP with an entry age of 45 years till 70 years, a fixed policy term of 15 years, a settlement option which includes withdrawal of fund value in periodical installments up to five years and the option of taking a short medical questionnaire instead of going for medical tests.

PTI



First Published: Tuesday, August 28, 2012, 19:28


Comments


comments powered by Disqus
Mahindra New Thar CRDe
Mahindra New Thar CRDe
New Generation Scorpio
New Generation Scorpio
BRICS SUMMIT Ufa
BRICS SUMMIT Ufa
New Vento 2015
New Vento 2015
Audi all-new SUV Q3
Audi all-new SUV Q3

Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved