DLF Pramerica definite to simulate consumers with novel unit-linked products

Perchance you are acquainted with the name of DLF Pramerica. The noted private insurance firm, at this time, has brought to the fore eight unit-linked products, including two new single premium ULIPs. Even though industry analysts are not amazed for the reason that DLF Pramerica has become synonymous with innovations at times, consumers have enough reason to get stimulated.

On the word of DLF Pramerica Life Insurance Managing Director Kapil Mehta, each and every plan accompany an assortment of features and these include multiple loyalty additions, potentially higher yield vis-à-vis earlier products and a range of fund options. He also stated that the loyalty addition feature is relevant even in single premium products, albeit this feature is not common in such products.

What have been the other developments then? Kapil Mehta states with conviction that on account of these product launches, the company’s complete range of unit-linked products now act in accordance with IRDA’s guideline capping charges in unit-linked products including a cap on fund management charges. As per the latest info, DLF Pramerica has left no stone unturned in lessening fund management charges of 1.35 per cent in three funds for its existing customers as well, with effect from December 30, 2009.

DLF Pramerica Life Insurance Company Ltd. (DPLI) is a joint venture between DLF Limited and Prudential International Insurance Holdings, Ltd. (referred to hereafter as “PIIH”). PIIH is a fully owned subsidiary of Prudential Financial, Inc. (referred to hereafter as “PFI”). The combination of the strength of the DLF brand and PFI’s insurance proficiency make available the strongest possible foundations for DPLI to succeed in the rapidly growing Indian life insurance market.

DLF Limited happens to be one of the leading real estate companies in the world. It has a track record of over six decades of sustained growth, customer satisfaction, and innovation. DLF’s primary business is development of residential, commercial and retail properties.