Recently, Private sector SBI Life launched a Unit Linked Insurance Product (Ulip) - Smart Horizon. The plan is launched to provide long-term capital appreciation.
An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement of MN Rao, SBI Life managing director, “The unique Automatic Asset Allocation feature makes Smart Horizon ideal for many evolving Indian investors who do have the time to make fund allocation decisions on an on-going basis.”
Further he said, “Automatic Asset Allocation (AAA), an algorithm-based active investment allocation mechanism. This IT-based system developed by testing over 5,000 potential scenarios in the Indian equity and bond markets, determines the optimal risk-return combination. The investment will be made in such a manner that initially there will be higher exposure to equities, followed by increasing exposure to debt and money markets as the plan nears maturity. Thus, AAA mechanism ensures better returns for investors, while protecting their capital.”
According to SBI Life, there is a great chance of better returns for the investors, while protecting their capital.
About the benefit of the plan, he added, “To avail the benefit of Automatic Asset Allocation facility, the customer can choose either Plan A or Plan B, depending on his risk appetite. Under Plan A, the equity exposure is higher as compared to Plan B. The product also provides the flexibility to allow the customer to actively manage his investment through a choice of four funds namely, Index, Equity, Balance and Bond Fund. This option is possible under Plan C.”
People can choose the plan according to their benefit. There is Plan A, B and C. There is flexibility also in each plan to manage investment through a choice of four funds - Index, Equity, Balance and Bond.
Smart Horizon Ulip Plan of SBI Life is compared with ING Market Shield ULIP. Both plans have greater offers for the investors.
An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement of MN Rao, SBI Life managing director, “The unique Automatic Asset Allocation feature makes Smart Horizon ideal for many evolving Indian investors who do have the time to make fund allocation decisions on an on-going basis.”
Further he said, “Automatic Asset Allocation (AAA), an algorithm-based active investment allocation mechanism. This IT-based system developed by testing over 5,000 potential scenarios in the Indian equity and bond markets, determines the optimal risk-return combination. The investment will be made in such a manner that initially there will be higher exposure to equities, followed by increasing exposure to debt and money markets as the plan nears maturity. Thus, AAA mechanism ensures better returns for investors, while protecting their capital.”
According to SBI Life, there is a great chance of better returns for the investors, while protecting their capital.
About the benefit of the plan, he added, “To avail the benefit of Automatic Asset Allocation facility, the customer can choose either Plan A or Plan B, depending on his risk appetite. Under Plan A, the equity exposure is higher as compared to Plan B. The product also provides the flexibility to allow the customer to actively manage his investment through a choice of four funds namely, Index, Equity, Balance and Bond Fund. This option is possible under Plan C.”
People can choose the plan according to their benefit. There is Plan A, B and C. There is flexibility also in each plan to manage investment through a choice of four funds - Index, Equity, Balance and Bond.
Smart Horizon Ulip Plan of SBI Life is compared with ING Market Shield ULIP. Both plans have greater offers for the investors.
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