HDFC Standard Life Insurance Company has rolled out the “HDFC Unit Linked Wealth Multiplier insurance plan”, a new unit linked insurance plan (ULIP). The product targets high net worth individuals (HNIs).
The plan features limited premium paying term of three years for a fixed tenure of 10 years. INR 2,50,000 is the minimum premium payable and there is no limit on the maximum premium. Sum assured is five times of the annual premium paid.
Based on their risk appetite, customers can choose among the five different funds available – money plus fund, bond opportunities fund, large-cap fund, and mid-cap fund. The company offers two payment modes, half-yearly and annual.