LIC International launches new investment plan 'Systematic Wealth Creation Plan'

LIC International, – a JV company owned by Life Insurance Corporation of India with its HQ in Bahrain and Branches in UAE (Dubai and Abu Dhabi), recently announced the launch of a new ULIP product for its UAE Market. The product 'Systematic Wealth Creation Pan' was launched by D P Pattanaik, CEO at LIC International at a special ceremony held on April 19.

This Systematic Wealth Creation Plan is an equity Linked Regular 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 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 (starting as low as $500 per month) and limited premium payment of 10/15/20 Years under various Funds managed by AMCs based on his/her risk appetite and financials goals.

LIC International is a niche brand present in GCC for more than three decades and is well known for its capital guaranteed savings cum insurance plans. The types of products and services offered are denominated in USD, aligning them with the Dollar denominated pegged UAE Dirham, a fundamental and increasingly attractive proposition. The company enjoys a strong brand connect with Indian diaspora as its product are designed keeping in mind the ethos of Indian financial habits.

For more details of the plan, please visit www.licinternational.com or contact branches at Dubai and Abu Dhabi.