HDFC Standard Life launches unit-linked wealth maximiser plus

MUMBAI: HDFC Standard Life on Monday said it has launched its Unit Linked Wealth Maximiser Plus, a single premium investment-cum-protection plan with a minimum premium of Rs 1 lakh.

It offers flexibility of investing in five funds Money plus, Bond Opportunities, Large-cap, Mid-cap and Manager's fund.

Its key features of the fund include an one-time investment at the start of the policy and cover till the age of 99-years, the media reported.

HDFC Standard Life's Managing Director and CEO, Deepak Satwalekar said: "Wealth Maximiser Plus is the first unit- linked product in the Indian life insurance industry to offer the opportunity of investing in Manager's Fund, a fund that offers dynamic exposure between other equity and debt-type funds."