DLF Pramerica Life lunches 8 unit-linked products

Private insurance firm DLF Pramerica today announced introduction of eight unit-linked products, including two new single premium ULIPs.

All these plans come with features like multiple loyalty additions, potentially higher yield vis-à-vis earlier products and a range of fund options, DLF Pramerica Life Insurance Managing Director Kapil Mehta said.

The loyalty addition feature is applicable even in single premium products, even though this feature is not common in such products, he said.

With these product launches, the company's entire range of unit-linked products now complies with IRDA's guideline capping charges in unit-linked products including a cap on fund management charges, he said.

The company has reduced fund management charges of 1.35 per cent in three funds for its existing customers as well, with effect from December 30, 2009, he said.

A joint venture between real estate company DLF and US-based Prudential International Insurance Holdings also launched new single premium products that 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 lakh and above.