National Tourism Strategy 2031 aims to increase the contribution of the UAE tourism sector to the national GDP to Dh450 billion
business2 days ago
LIC International, – a joint venture company owned by Life Insurance Corporation of India (LIC) with its headquartered in Bahrain and branches in UAE – Dubai and Abu Dhabi — has launched new unit-linked insurance plan (ULIP) product for its UAE market.
The product “Single premium wealth creator” was launched by M R Kumar, chairman, LIC of India, in Abu Dhabi on Wednesday.
This single premium wealth creator plan is an equity-linked single premium whole life plan, which provides the investor a platform to invest and participate in the performance of various market-linked diversified funds managed by various asset management companies (AMCs) based in Dubai.
The plan has been designed to cater to the needs of savings and investment, and can be customised to meet the investor’s aim and objectives. The investor shall have options to choose the premium amount and various funds managed by AMCs based on his/her risk appetite and financial goals.
LIC International has been present in GCC for more than three decades and is well known for their capital guaranteed savings cum insurance plans. With this new launch, LIC International is venturing into a new product segment to meet the emerging aspirations and investment needs of millennial investors, who along with life insurance coverage can maximise their wealth by investing in diversified equity market through recourse to professional fund manager(s). This plan is suitable for wide age groups from five to 70 Years. The minimum single premium investment amount is $15,000.
The company’s objectives are to reach out to the young investor and offer a blend of flexibility, convenience and opportunity to optimise wealth through diversified global funds and personalised approach to growth-oriented funds. The company intends to roll out more such innovative products during the year 2023 and help clients plan their complete financial needs with LIC International. The plan can be purchased through their exclusive Chief Agent in UAE “Kingstar Insurance Agencies”.
National Tourism Strategy 2031 aims to increase the contribution of the UAE tourism sector to the national GDP to Dh450 billion
business2 days ago
Customer deposits and Islamic customer deposits increased by 2.5% to reach Dh39.5 billion
business2 days ago
Annual rents in Dubai are usually paid in two, four or six instalments via post-dated cheques
business3 days ago
Saudi Arabia has begun to explore extracting lithium from sea water
business3 days ago
RPM reported net profit of Dh49.39 million during 2023
business3 days ago
Both parties must be taxable; or become taxable as a result of the transfer
business3 days ago
Values reach an annual $2.6 billion in gross written premiums
business3 days ago
The special incentive allows eligible companies to obtain interest-free loans of a maximum of Dh300,000 with a grace period of 6 to 12 months
business5 days ago