A Winning Plan for winners.
The journey of life is full of wonderful dreams. To make them come true, you need a plan which would provide protection, investment, and financial liquidity. This calls for managing multiple financial products. However with the
Life Maker™ Gold - a Unit Linked Investment Plan, you can meet all your financial needs, without the tedium of managing multiple products. In this plan, you can direct your investments in the customized unit linked funds such as equities, money market instruments, investment grade corporate bonds, and government securities. These funds offer a wide range of returns basis market returns. You can also choose to invest your premiums in one or more of these funds, basis your risk taking ability.
This plan enables you to choose an attractive investment fund, enjoy free loyalty units and tax benefits on premiums and maturity value. Life Maker™ Gold Plan also provides you insurance cover, in which, your nominee will get the Sum Assured plus the Fund Value to your nominee(s), in case of unfortunate event of your death. Our Plan also offers you the flexible investment feature, where you can choose one out of four attractive funds options and also change your risk return profile of your existing investments by switching across funds with our high customization feature.
The plan provides you additional protection against disability and disease through riders. The following riders are available
- Personal Accident Benefit (PAB) Rider: This rider provides a lump-sum amount in case you die in an accident or are involved in an accident, which results in Total and Permanent Disability
- Dread Disease (DD) Rider: This rider provides a lump-sum amount on you being diagnosed with any of the ten dreaded diseases covered or your undergoing the surgery covered.
You have the flexibility to direct your investments in any one or more of the following four unit linked investment funds of the Company: SECURE, CONSERVATIVE, BALANCED and GROWTH. These funds invest in Fixed Income and equity assets as follows:
| Select any one or all of the mentioned funds |
| Fund |
Secure Fund |
Conservative Fund |
Balanced Fund |
Growth Fund |
| Investment Type |
| Government Securities |
50-100% |
50 - 80% |
20 - 50% |
0 - 30% |
| Corporate Bonds (investment grade) |
0-50% |
0 - 50% |
20 - 40% |
0 - 30% |
| Money Market Instruments / Cash |
0-20% |
0 - 20% |
0 - 20% |
0 - 20% |
| Equities |
NIL |
0 - 15% |
10 - 40% |
20 - 70% |
| |
Flexibilities |
Switching: We provide you this facility to change the investment pattern by moving from one fund to other fund(s) amongst the funds offered under this contract. Every policy year, we offer you six free switches.
Premium Re-Direction: This is the facility that allows you to modify the allocation of renewal premiums into a different investment pattern. Every policy year we offer you three free redirections.
Partial Withdrawal: If you wish to withdraw a part of your fund, you can make partial withdrawals up to 20% of surrender value in any policy year by cancellation of units from your unit account. Partial withdrawals are allowed only after three policy years.
Surrenders: In case of unforeseen needs ensures easy liquidity to you by accessing your fund through surrender benefit. However, surrender value is payable only after three policy years. |