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K.R.Srivats

New Delhi, Feb. 22 DLF Pramerica Life Insurance Co Ltd (DPLI) has launched a pension product by the name ‘DLF Pramerica Golden Age’, a unit-linked pension plan.

This is the third product from the company, which is a recent entrant into the Indian life insurance industry.

DPLI, which is a joint venture between realty major DLF and US-based Prudential Financial, had commenced operations in September 2008.

Confirming the launch of the new product, Mr Kapil Mehta, Managing Director & CEO, DPLI, told Business Line that the pension product offered several flexibilities to help take care of customers’ retirement-related financial worries.

Safeguards like a Fund Conservation Option at Maturity and a new pension fund — Pension Dynamic Equity Fund — have been introduced under the new pension product.

Two important considerations went behind the design of DLF Pramerica Golden Age. The first is that the current market environment called for more safety-led products and the second is that most customers don’t actively manage their funds once they made an investment.

The other two products that are already in the market are DLF Pramerica Family Income Plan and DLF Pramerica Wealth+.

More Stories on : Pension Plans | New Products & Services

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