ING Life India Launched ING Market Shield ULIP

Recently, ING Life India launched a new unique Unit Linked Insurance Product - ING Market Shield. It provides the customer the opportunity to participate in the equity market while protecting investments from its downside.

An online news portal about business and economy - economictimes.indiatimes.com, quoted a statement of Rahul Agarwal, Chief Distribution Officer, ING Life India, “The new ULIP, ING Market Shield comes with unique benefits, allowing customers to maximize their returns and have adequate protection.”

Further Agarwal said, “ING Market Shield is a one of its kind unit linked insurance product. It is designed such that our customers can benefit from market's upswaing due to high equality participation, but secures their investment from losses, when the market is volatile. The plan provides the customer a Guaranteed NAV throughout the term of the product and not just at maturity unlike most available products.”

In an analysis of ING Market Shield, the news portal says, “ING Market Shield also ensures highest equity exposure throughout the term of the policy, compared to other products, therefore its is expected to generate a higher return to customers.

For a premium paying term of 5 years the minimum payable is Rs 48,000 and for a premium paying term of 10 years or the entire policy term the minimum premium payable is Rs 36,000. The plan offers premium payment in the annual mode, and customers can choose their desired life cover ranging between 10 to 20 times the annual premiums.”

About the relation of stock market with ING Market Shield, the news portal writes, “This process ensure maximum exposure to the stock market, while minimizing the downside risk and assures the Guaranteed NAV at all times through the term of the policy including death, surrender, partial withdrawals as well as Maturity benefit.”

Overall, ING Market Shield is a good new ULIP plan like Classic ULIP Plan of Reliance Life.

Read more

Pramerica Dynamic Fund Launched by Pramerica Mutual Fund

Recently, Pramerica MF introduced its open-ended dynamic asset - Pramerica Dynamic Fund. The Fund is launched using a proprietary tool - Pramerica Dynamic Asset Rebalancing Tool (Pramerica Dart).

Pramerica Dynamic Fund scheme will invest in debt and equity instruments. The allocation to equity and debt of Pramerica Dynamic Fund will be determined by Pramerica Dart.

An online news portal about business and economy - economictimes.indiatimes.com, writes about Pramerica Dynamic Fund of Pramerica MF, “The tool takes into account three key factors that influence the markets - fundamentals, volatility and liquidity and comes out with a score that tells how much of equity should be held in the portfolio. This can range from 100-30% in equity depending on market valuations. Fund managers will actively manage the portfolio within the limits prescribed by the model.”

Further the news portal writes about the investment and aim of the Fund, “The fund aims to achieve long-term capital appreciation by investing in an actively-managed diversified portfolio comprising equity and debt instruments.

The fund will invest 30-100% in equity and the fixed income exposure is capped at 70% of the assets. The fund benchmark comprises 50% of Nifty and 50% of Crisil MIP Index.”

So, the Fund investment sectors are very clear with its percentage. The Fund has targeted revenue sectors very wisely.

About the management of Pramerica Dynamic Fund, the news portal writes, “The fund will be managed by Ravi Gopalakrishnan and Mahendra Jajoo. There is no entry load. To curb traffic, there is an exit load of 1% if you decide to redeem before completing one year in the scheme after allotment of units. NFO closes on December 3, 2010 before it reopens on December 13, 2010.”

Now, it is clear that there is no entry load in Pramerica Dynamic Fund of Pramerica Mutual Fund. It is one of the best MF investment plans after Index Fund of Reliance Mutual Fund.

Read more

Classic ULIP Plan Launched by Reliance Life

Recently, Reliance Life Insurance launched a unit-linked insurance plan - Classic ULIP Plan. The policy provides policyholders the benefits of regular savings with enhanced protection and market-linked returns.

Classic ULIP Plan would provide protection to policyholders in the age group of 7-65 years. An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement of Reliance Life about Classic Ulip plan, “The unique proposition of Reliance Life Insurance Classic Plan is that it offers flexibility and triple benefit of savings, insurance and investment - all in one single plan.”

The news portal quotes a statement of Malay Ghosh who is Executive Director and President in Reliance Life, “The new Ulip offers multiple benefits and protection - from helping policyholders plan their finances wisely at different stages of life, to providing risk cover on loss of life.”

Further he added, “The flexibility offered to policyholders by the company allows liquidity through partial withdrawals after fifth policy anniversary, loan after the completion of second policy year and top-up option to increase regular savings.”

In the analysis, the news portal writes, “Under the Regular Option, the customers would have to pay Rs 20,000 annually -- which can also be paid in monthly, quarterly and half yearly options.

For the Single Premium option, customers will have to pay a minimum of Rs 50,000 only once at the inception during the 15-year policy tenure.”

So, the Classic Ulip plan of Reliance Life gives a flexibility of payment. There is an option of single premium also in this plan. Reliance Life Classic ULIP Plan comes with triple benefit of savings, insurance and investment - all in one single plan.

Classic Ulip plan of Reliance Life covers risk of life also and helping policyholders plan their finances wisely at different stages of life. It is another best investment plan after SIP Investments via NSE-MFSS Platform of UTI.

Read more

SIP Investments via NSE-MFSS Platform to be launched by UTI

Recently, UTI Mutual Fund announced the launch of SIP investments (Systematic Investment Plans) through NSE's-the Mutual Fund Service System (MFSS) platform.

An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement of the company, “UTI Mutual Fund was the first fund house to partner with the National Stock Exchange (NSE) for selling mutual fund schemes through the NSE-MFSS platform in the month of November 2009.

Keeping with that tradition of bringing the most convenient way of investment to our investors through cutting edge technology, we are the first fund house now to launch SIP investments (Systematic Investment Plans) through this NSE-MFSS platform.”

So, UTI Mutual Fund is bringing the most convenient way of investment. It offers cutting edge technology through the investment. It is launched through the NSE-MFSS platform.

Further the news portal writes about SIP Investments via NSE-MFSS Platform of UTI, “Terminals of NSE brokers will be the official point of acceptance and hence the date of acceptance of the transaction will be the date of entering the request on the terminal.

Investors will also have the added advantage of obtaining the same day's NAV (before 3 p.m.) at a large number of outlets in more than 1500 towns and cities, including remote locations.

The investors will also have an advantage of getting their units allotted in demat mode in addition to the existing physical mode as per their choice.”

Finally, UTI Mutual Fund gives an advantage to the investors by introducing SIP Investments via NSE-MFSS Platform. It will allocate to the existing physical mode as per their choice. The investment plan is very appreciating and unique inspired by cutting edge technology in the recent time. The fund can be compared with Index Fund of Reliance Mutual Fund. It fulfills all the needs of the new age.

Read more

4 New Products Launched by DLF Pramerica Life

Recently, DLF Pramerica Life, a private sector insurer launched 4 new insurance products including two traditional plan.

DLF Pramerica Life Insurance said in a statement, “The traditional non-linked products namely DLF Pramerica Assure Money Plus and DLF Pramerica Tatkaal Suraksha Gold provides saving as well as protection.”

DLF Pramerica Assure Money Plus and DLF Pramerica Tatkaal Suraksha Gold are non-linked products of DLF Pramerica Life.

Further it said, “Assure Money Plus provides minimum guaranteed earnings on maturity along with the advantage of high life insurance cover.

Besides, it also launched two unit linked products namely DLF Pramerica Wealth Plus Premier and DLF Pramerica Ezee Wealth Plus with simplified underwriting.

DLF Pramerica Wealth Plus Premier is a good product for high net worth individuals seeking potentially high investment returns along with a well secured future for the family in case of any eventuality.” The statement was published in ET.

Assure Money Plus offers guaranteed earnings on maturity. It gives an advantage of high life insurance cover also.

On the other hand, DLF Pramerica Wealth Plus Premier and DLF Pramerica Ezee Wealth Plus are launched with the simplified underwriting. DLF Pramerica Wealth Plus Premier is considered as a very good product that offers high investment returns along with a well secured future for the family in case of any eventuality.

An online news portal - economictimes.indiatimes.com, writes about new products of DLF Pramerica Life and DLF, “DLF Pramerica Life is a joint venture between real estate company DLF Ltd and the US-based Prudential International Insurance Holdings.

The company became operational in September, 2008 and currently has 30 offices across Delhi NCR, Haryana, Punjab and Gujarat.”

We all know that DLF Pramerica Life is a joint venture between real estate company - company DLF Ltd and the US-based Prudential International Insurance Holdings. Currently, it has more than 30 offices across well known cities in India.

DLF Pramerica Life launches some good products after Index Fund of Reliance Mutual Fund.

Read more

Index Fund Launched by Reliance Mutual Fund

Recently, Reliance Mutual Fund which is a leading asset management firm launched an open-ended index fund. It will invest in companies whose securities are covered in the Nifty and the Sensex.

Reliance Mutual Fund said in a statement about Index Fund, “The scheme proposes to invest 95-100 per cent in equities and equity-related securities covered by the Nifty and the Sensex.” It was published in the ET.

The scheme gives a chance to invest almost 100% in equities and equity-related securities. It is covered by the Nifty and the Sensex.

About the Index Fund of Reliance Mutual Fund, economictimes.indiatimes.com writes, “Available in both growth and dividend option, the minimum investment amount is Rs 5,000. Adding, entry load is nil for the scheme, whereas the exit load is 1 per cent for holding period of up to 12 months and Nil thereafter.” It is the quotation of a statement. So, the scheme is available in both growth and dividend option.

Sundeep Sikka who is the Reliance Capital Asset Management CEO said about Reliance Index Fund, “Reliance Index Fund provides investors an opportunity to participate in India's growth story by investing in well-diversified portfolio of fundamentally strong, highly liquid and well-known companies.”

So, it gives investors a chance to participate in India’s growth story by investing in well-diversified portfolio.

Further he adds, “We have decided not to charge any asset management fees for this fund in our effort towards financial inclusion and to make this product more attractive for our investors - especially in smaller cities or first time investors who have not participated in the success of capital markets in India.”

Index Fund of Reliance Mutual Fund closes on 23rd September, 2010. It is a very attractive product for the investors in Reliance Mutual Fund. Investors will get a chance to participate in the success of capital markets in India.

Read more

SBI Life Launches Smart Performer and Unit Plus Super

Recently, Private insurer SBI Life launched two Unit-Linked Life Insurance Policies (ULIPs) - Smart Performer and Unit Plus Super. These ULIPs plans are compatible with the new IRDA guidelines that are already effective.

About the two new ULIPs, SBI Life said in a press release, “SBI Life has launched Smart Performer and Unit Plus Super... In compliance with the new IRDA guidelines, these newly launched ULIPs are equipped with enhanced features such as benefits of higher protection, multiple investment options and a wide range of riders.”

So, the two new ULIPs - Smart Performer and Unit Plus Super are well-matched with the new IRDA guidelines also. These are equipped with enhanced features also such as benefits of higher protection, multiple investment options and a wide range of riders.

Further MD & CEO M N Rao of SBI Life Insurance said, “Customers will find that the new range is highly beneficial, as it further reinforces the proposition of security and long-term wealth creation.”

As per the statement of MD and CEO of SBI Life, these plans are highly beneficial in long-term wealth creation and proposition of security.

About 2 new ULIPs of SBI Life, an online news portal about business and economy - economictimes.indiatimes.com writes, “SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Assurance. SBI has a 74 per cent stake in the insurance company, while BNP Paribas Assurance holds the remaining 26 per cent.”

Further the news portal adds, “The Insurance Regulatory and Development Authority's (IRDA) new guidelines protecting ULIP-holders from mis-selling by dealers and onerous commissions are likely to make the equity-linked instruments more investor-friendly.”

In the current situation, Smart Performer and Unit Plus Super of SBI Life are the best plans for the customers. These follow the rules and regulations of new guidelines of IRDA also.

Read more