IndiaFirst Life introduces ‘IndiaFirst Wealth Maximizer’ plan for high net worth individuals

India Infoline News Service | Mumbai | October 18, 2016 17:23 IST

The product is a unit-linked plan that provides a benefit of creating wealth through multiple investment strategies along with life insurance.

IndiaFirst Life Insurance, a joint venture between Bank of Baroda, Andhra Bank and Legal & General (UK), announced the launch of HNI focused insurance plan called ‘India First Wealth Maximizer’.
 
The product is a unit-linked plan that provides a benefit of creating wealth through multiple investment strategies along with life insurance.
 
Speaking on this, RM Vishakha, MD & CEO, IndiaFirst Life insurance said, “We understand that creating wealth is essential for HNI’s to build legacy. Wealth Maximizer by IndiaFirst is a comprehensive policy to build, grow, and accumulate wealth.”
 
The unique feature of systematic partial withdrawal offers flexibility to receive regular income for chosen years from the fund. The policyholder has the option to tide over short term liquidity requirements during the tenure of the plan.
 
Rushabh Gandhi, Director- Sales & MarketingIndiaFirst Life Insurance said, “Insurance touches lives, it is imperative that we assist our customers not only to enhance wealth and offer insurance benefits but also, offer flexibility that enables them to stay committed to their long term goals.”
 
In addition, Loyalty benefits, profit booster and loyalty advantage are the long term benefits of this product. 
 
“This policy not only provides distinctive fund options but also has a low cost structure to optimize returns. From a customer outcome perspective we are confident that Wealth Maximizer is amongst the best long term savings product available in the market, today.” He added.
 
The product allows the policyholder to choose from three strategies to ensure getting optimum returns. The Automatic Trigger Based Investment Strategy, enables steady growth. This allows to transfer positive returns to relatively safer funds, building a safety net around the returns. The Fund Transfer Strategy, enables to maintain organized portfolio. It offers to invest the premium in the equity and debt market, in a systematic manner. The Age Based Investment Strategy enables well balanced portfolio. It offers to adjust the risk appetite to policyholder’s age.

 

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