DLF Pramerica Life launches eight unit-linked products

MUMBAI: DLF Pramerica Life Insurance has added eight new unit-linked products insurance (ULIPs) to its portfolio, including two with single premium provision.

With this launch, the private insurer's entire range of unit-linked products now complies with regulator IRDA's guideline capping charges in such schemes, a company statement said here today.

"Our new suite of ULIPs addresses a wide spectrum of customer needs, including child progression, wealth creation, pension planning and insurance cover, without any medical examination," DLF Pramerica Life Managing Director and CEO Kapil Mehta said.

The two single premium schemes are Golden Age Plus Single Premium and Super Wealth Plus Single Premium.

All these plans come with features like multiple loyalty additions, potentially higher yield vis-a-vis earlier products and a range of fund options, the statement said.

The single premium products also offer potentially higher yield to the customer with 100 per cent of premiums being invested in the unit-linked investment funds for premiums of Rs 5 lakhs and above, it said.

The insurance company is a joint venture between DLF Ltd, a leading realty company, and Prudential International Insurance Holdings, a fully-owned subsidiary of US-based Prudential Financial Inc.