Date:21/07/2006 URL: http://www.thehindubusinessline.com/2006/07/21/stories/2006072103010600.htm

New products from HDFC Standard

Our Bureau

Mumbai, July 20

HDFC Standard Life has introduced three new products as per the new unit-linked guidelines (ULIP). These are — HDFC Unit Linked Endowment Plus, HDFC Unit Linked Young Star Plus, and HDFC Unit Linked Pension Plus.

The new range of products is modelled on existing ULIPs, with necessary alterations made as per the guidelines. They have a one-year Investment Content Rate (ICR) structure wherein, a major portion of the charges is deducted in the first year itself, and thereafter almost the entire amount is invested. Some of the key features are top-up benefits, partial withdrawal benefits and loyalty bonus units of the fund value added every year to the policy-holder's fund, in addition to all the other benefits available with unit linked plans. The products are targeted at all age groups, above 18 years.