Union Assurance Life relaunches investment linked plan
Friday, 20 March 2015 00:00
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Union Assurance Life recently re-launched a popular product from its extensive repertoire that provides a lucrative investment opportunity, along with a comprehensive life cover for the investor.
Union Challenger (Investment Linked Life insurance plan) was designed to help potential investors, with varying degrees of familiarity with the stock market, make the best possible moves and investments from a selected pool of vetted opportunities.
Today, the stock market is showing signs of positive, strong long-term growth. The recent upturn in the market has been prompted by strong industry performances, supported by a positive macroeconomic scenario, and medium term developments are expected to further bolster the market in the near future. Union Challenger was re-launched to accommodate these changes, and to provide the investor with a comprehensive, all-encompassing tool with which to tackle the world of investment, head on.
The key features of the re-launched Union Challenger offers a product that combines investment with insurance, and works by allowing the potential investor to select between three investment funds that carry with it varying degrees of risk.
Equity Tracker Fund – this is comparatively the fund with the highest rate of return. This fund invests a maximum of 90%-95% on companies listed in the ‘S & P SL 20’ Index. The balance is invested in a combination of Treasury Bills, Treasury Bonds, Fixed Deposits, and loans. (At the end of 2014, this fund recorded a growth of 24.8%)
Fixed Income Fund – this is comparatively, the fund with the lowest amount of risk. It fully invests in Treasury Bills, Treasury Bonds, Fixed Deposits, and loans that are in the Money Market. (At the end of 2014, this fund recorded a growth of 9.4%)
Managed Fund – this fund could be best described as a middle path between the other two funds. It invests in companies listed in the Colombo Stock Exchange. (At the close of 2014, this fund recorded a growth of 29.9%)
Union Super Investor is an investment product that could be used to lay the foundations for a nest egg, to build the house of your dreams, or to start your future with that special someone. Most importantly, it comes with a comprehensive life insurance cover, making it a unique opportunity to bolster savings, while remaining protected.
Union Challenger is a powerful investment tool, designed to suit the needs of investors – be they cautious or experienced. To find out more about this products, call over at your nearest Union Assurance Life branch or phone 0112 428 428 and speak with one of customer service agents.
