LIC International, a JV company owned by Life Insurance Corporation of India with its HQ in Bahrain and branches in the UAE, Dubai and Abu Dhabi, announces the launch of new ULIP product for its UAE market. The product Systematic Wealth Creation Pan was launched by D P Pattanaik, CEO of LIC International, at a special ceremony held in Dubai on 19th Apr 2023.

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 customized to meet the investor’s aim and objectives. The investor shall have options to choose the premium amount (starting as low as USD 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 3 decades well known for their 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 Dhiram, 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.

With this new launch LIC International is expanding its presence into equity linked product segment to meet the emerging aspirations and investment needs of millennials investors, who along with Life Insurance coverage can maximize their wealth by investing in Diversified Equity market through recourse to professional fund manager(s). The tag line of the Product is “Invest in Global Markets with confidence and Secure your Financial future Today”. This plan is a whole life single premium plan and suitable for wide age groups from 0 to 75 Years.

The company’s objectives are to reach out to the young investor and offer a blend of Flexibility, Convenience and opportunity to optimize 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. For more details of the plan, please visit www.ulip.licinternational.com or contact Branches at Dubai and Abu Dhabi.