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ULIP for migrant Indians from LIC (International)

The global subsidiary of Life Insurance Corporation, LIC (International) introduced a new unit-linked insurance plan (ULIP) called Fortune Builder for migrant Indians. The product was launched to mark the company's 20th year of operations in the Gulf.

Apnainsurance.com Research Bureau

14 Jul 2008

The global subsidiary of Life Insurance Corporation, LIC (International) introduced a new unit-linked insurance plan (ULIP) called Fortune Builder for migrant Indians. The product was launched to mark the company's 20th year of operations in the Gulf.

The ULIP will invest in both Indian as well as other global markets. Fortune Builder will come in three flavors - one aimed at the Indian equity market, another at the world market, and a third flexible one. The new product provides an option to take back the money systematically over a period of five years on maturity of the policy.

LIC International has tied up with Doha Bank to provide banking and insurance products through a single window to its costumers in the area.



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