HDFC Standard Life today launched a new plan for HNIs — HDFC Unit Linked Wealth Multiplier, with a limited premium paying term of three years for a fixed tenure of 10 years.
"This product gives policyholders an opportunity to multiply their wealth for long-term by paying premium for a limited period only, supported by a balanced mix of attractive investment options across the bond opportunity fund, large and mid-cap funds," HDFC Standard Life Principal Officer and Executive Director, Paresh Parasnis, said in a statement here.
The minimum premium under the plan is of Rs 2.5 lakh per annum with no limit on the maximum premium.
The premium can be paid annually and half-yearly and the sum assured is five times of the chosen annualised premium.
Minimum age at entry is 18 years and maximum age is 55 years, with maximum age for maturity being 65 years.
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