Union Assurance is a one of the most "Revelation Product Introduce" company in Sri Lanka. "Call & Go" is it's another service and now "Reload"
Motor insurance is a heavy burden on most vehicle owners, as insurance has to be purchased for the full year, and the annual premium has to be paid as a lump sum. With their latest product, Union Assurance has taken this burden away. Union Motor Reload allows vehicle owners the option of purchasing their motor insurance for 1 month, 3 months or 6 months from any Keells Super outlet.
n addition to the flexible coverage period which is easy on the wallet, the product retains the features of a standard insurance policy currently sold in the market. For example, in the event of an accident, the claim will be paid similar to a standard motor policy. Another feature is that the premium will be fixed on an annual basis. Hence if a customer obtains a 1 month, 3 month or 6 month insurance cover, the premium will not change during the balance period up to 12 months. In addition, customers will also be entitled to earn UA’s accelerated no claim bonuses after 12 months are completed.
Eagle LiveSmart
WHEN WOULD YOU LIKE TO RETIRE?
Who says retirement should be at 55? What if you had a plan that gave you the financial stability you need earlier in life? Retirement is a time to relax and do the things that you’ve always wished you could. Eagle LiveSmart gives you the ability to build a substantial fund which will allow you to do the things you want to do and relieve the weight of fulltime work off your shoulders. It’s for everyone. It’s never too late or too early to plan out your retirement. Be it relaxing on a beach, spending time with your children or even starting your own private business venture, now the choice is yours.
EAGLE LIVESMART
Now you can live that perfect day more often. Eagle LiveSmart is a retirement plan that lets you decide when and how you want to retire. This revolutionary retirement plan is designed for people who choose to make their retirement a celebration of life.
• Premium payment period of only 6 years
• Flexible maturity period of 12 - 30 years
• Investment control with 4 funds to invest in
• A life-cover of 2-6 times the Annual Premium
PAY FOR JUST 6 YEARS
LiveSmart lets you decide when and how you want to retire. While you pay for only 6 years, your plan can vary between 12- 30 years.
THE INVESTMENT CHOICE YOU GET IS AMAZING!
Eagle LiveSmart offers 4 Unit-Linked investment fund options. This gives you the flexibility of choosing how your money should be invested in terms of the risk and the security of the return on investment. You can choose one or a combination of funds based on the risk and return mix you would like to opt for.
You also enjoy the flexibility of changing your selection of funds for investments twice a year giving you greater control over your returns.
Protected Fund
A guaranteed rate of return will be declared for a 12-month period at the beginning of each year. Irrespective of this, the unit price will move according to the market performance. At maturity, the value of the fund with the year on year guaranteed return will be compared with the actual maturity value (based on market performance) and whichever is higher will be paid.
Composition
Debt Securities, Money Market & Cash: 80-100% (Treasury Bills, Treasury Bonds & Caoporate Debentures)
Equities: 0-20% (Stocks traded in the stock market)
Secure Fund Balanced Fund Growth Fund
A higher proportion in debt securities with a lower exposure to equities provides progressive returns Investment in both debt and equity provides a good balance between risk and return High capital growth by investing a higher proportion in the equity market.Equity Investments are typically considered as high risk investments.
Composition
Debt Securities:
40-100%
Equities: 0-20%
Money Market &
Cash: 0-40% Debt Securities:
10-90%
Equities: 10-60%
Money Market &
Cash: 0-30% Debt Securities:
0-50%
Equities: 20-100%
Money Market &
Cash: 0-30%
A LIFE COVER OF 2 - 6 TIMES THE
ANNUAL PREMIUM
LiveSmart lets you choose a life cover up to 2- 6 times your Annual Premium. If the unforeseen occurs, your loved ones will be provided with either the life cover or the Fund Value – whichever is higher.
SWITCHING FUNDS
You can switch your accumulated Fund Value from one fund to another (either partly or fully at any time subject to conditions). This flexibility is allowed only within Secure, Balance and Growth Funds. This facility is provided to you free of charge up to one switch per policy year. In case of part switch, the minimum amount switched and minimum balance in the fund after the switch should be Rs.20,000.
WAIVER OF PREMIUM BENEFIT (OPTIONAL)
The payment of premiums will be waived in the event of total permanent disablement. However the policy will continue till maturity.
HOW WILL YOUR RETIREMENT FUND GROW?
If you are 35 years and take a 15 year plan this is your projected maturity value. You pay for only 6 years.
Annual Premium Projected Maturity Value
8% 12%
100,000 1,181,482 1,861,507
300,000 3,572,511 5,621,505
**The projected maturity values in the above table are calculated by using gross investment returns of 8% and 12 % and applying the the relevant charges.
For illustration purposes, the maturity value shown above has been calculated assuming premiums are distributed equally among the four funds.
The actual maturity value will depend on both the investment performance and the charges applicable in respect of each fund.
These assumed rates of return are not guaranteed and are not the upper or lower limits of what you might get back.
WHAT DO YOU GET AT MATURITY?
At maturity, the policy value will be the total number of units multiplied by the respective unit prices as at maturity. In the case of the Protected Fund, the value of the fund with the year on year guaranteed return will be compared with this actual maturity value based on market performance and whichever is higher will be paid. Even though the life cover ceases at maturity, you have the option of maintaining your investment beyond the maturity date. In the Protected Fund, the guaranteed rate of return will also cease.
OTHER PRODUCT INFORMATION
• Entry age: 19-58 years at the next birthday. Maximum age at maturity: 70 years.
• You can pay your premium monthly, quarterly, half yearly or annually.
PARTIAL WITHDRAWALS
Partial withdrawals will be allowed after the completion of 5 policy years. A maximum of 4 partial withdrawals will be allowed per policy year. Minimum withdrawal amount is Rs.10,000/-. The amount available for withdrawal will be 25% of the Fund Value at the beginning of the respective policy year, subject to the condition that the minimum fund value immediately after withdrawals is not less than Rs.100,000/-. The withdrawal amount of the preceding two years will be reduced from the Sum Assured. However the sum of all withdrawals made after the age of 58 will be reduced from the Sum Assured.
WHAT HAPPENS IF THE PLAN LAPSES?
If you don’t pay your premiums during the first three years, the plan will lapse and you will not recieve any benefit under the policy.
However if you have paid for three years or more you can cash-in your plan after completion of three years at the respective unit prices (without a charge). Since the year on year guarantee in the Protected Fund is applicable only at maturity it will not apply at early encashment. Alternatively, you can let your fund grow without the benefit of a life cover.
This product can be obtained only from a Licensed Eagle Insurance Professional.
For full product details please refer the policy document.
The savings benefits are subject to the investment risks (in view of the fluctuations in the market prices of the underlying assets) which are borne by the policyholder.
Eagle is an Aviva Company. Aviva is one of the world’s oldest insurance groups, with a history dating back over 300 years to 1696. Today it is the world's fifth-largest insurance group and the biggest in the UK. The group has 57,000 employees serving 45 million customers worldwide with more than GBP 359 billion of assets under management.
Who says retirement should be at 55? What if you had a plan that gave you the financial stability you need earlier in life? Retirement is a time to relax and do the things that you’ve always wished you could. Eagle LiveSmart gives you the ability to build a substantial fund which will allow you to do the things you want to do and relieve the weight of fulltime work off your shoulders. It’s for everyone. It’s never too late or too early to plan out your retirement. Be it relaxing on a beach, spending time with your children or even starting your own private business venture, now the choice is yours.
EAGLE LIVESMART
Now you can live that perfect day more often. Eagle LiveSmart is a retirement plan that lets you decide when and how you want to retire. This revolutionary retirement plan is designed for people who choose to make their retirement a celebration of life.
• Premium payment period of only 6 years
• Flexible maturity period of 12 - 30 years
• Investment control with 4 funds to invest in
• A life-cover of 2-6 times the Annual Premium
PAY FOR JUST 6 YEARS
LiveSmart lets you decide when and how you want to retire. While you pay for only 6 years, your plan can vary between 12- 30 years.
THE INVESTMENT CHOICE YOU GET IS AMAZING!
Eagle LiveSmart offers 4 Unit-Linked investment fund options. This gives you the flexibility of choosing how your money should be invested in terms of the risk and the security of the return on investment. You can choose one or a combination of funds based on the risk and return mix you would like to opt for.
You also enjoy the flexibility of changing your selection of funds for investments twice a year giving you greater control over your returns.
Protected Fund
A guaranteed rate of return will be declared for a 12-month period at the beginning of each year. Irrespective of this, the unit price will move according to the market performance. At maturity, the value of the fund with the year on year guaranteed return will be compared with the actual maturity value (based on market performance) and whichever is higher will be paid.
Composition
Debt Securities, Money Market & Cash: 80-100% (Treasury Bills, Treasury Bonds & Caoporate Debentures)
Equities: 0-20% (Stocks traded in the stock market)
Secure Fund Balanced Fund Growth Fund
A higher proportion in debt securities with a lower exposure to equities provides progressive returns Investment in both debt and equity provides a good balance between risk and return High capital growth by investing a higher proportion in the equity market.Equity Investments are typically considered as high risk investments.
Composition
Debt Securities:
40-100%
Equities: 0-20%
Money Market &
Cash: 0-40% Debt Securities:
10-90%
Equities: 10-60%
Money Market &
Cash: 0-30% Debt Securities:
0-50%
Equities: 20-100%
Money Market &
Cash: 0-30%
A LIFE COVER OF 2 - 6 TIMES THE
ANNUAL PREMIUM
LiveSmart lets you choose a life cover up to 2- 6 times your Annual Premium. If the unforeseen occurs, your loved ones will be provided with either the life cover or the Fund Value – whichever is higher.
SWITCHING FUNDS
You can switch your accumulated Fund Value from one fund to another (either partly or fully at any time subject to conditions). This flexibility is allowed only within Secure, Balance and Growth Funds. This facility is provided to you free of charge up to one switch per policy year. In case of part switch, the minimum amount switched and minimum balance in the fund after the switch should be Rs.20,000.
WAIVER OF PREMIUM BENEFIT (OPTIONAL)
The payment of premiums will be waived in the event of total permanent disablement. However the policy will continue till maturity.
HOW WILL YOUR RETIREMENT FUND GROW?
If you are 35 years and take a 15 year plan this is your projected maturity value. You pay for only 6 years.
Annual Premium Projected Maturity Value
8% 12%
100,000 1,181,482 1,861,507
300,000 3,572,511 5,621,505
**The projected maturity values in the above table are calculated by using gross investment returns of 8% and 12 % and applying the the relevant charges.
For illustration purposes, the maturity value shown above has been calculated assuming premiums are distributed equally among the four funds.
The actual maturity value will depend on both the investment performance and the charges applicable in respect of each fund.
These assumed rates of return are not guaranteed and are not the upper or lower limits of what you might get back.
WHAT DO YOU GET AT MATURITY?
At maturity, the policy value will be the total number of units multiplied by the respective unit prices as at maturity. In the case of the Protected Fund, the value of the fund with the year on year guaranteed return will be compared with this actual maturity value based on market performance and whichever is higher will be paid. Even though the life cover ceases at maturity, you have the option of maintaining your investment beyond the maturity date. In the Protected Fund, the guaranteed rate of return will also cease.
OTHER PRODUCT INFORMATION
• Entry age: 19-58 years at the next birthday. Maximum age at maturity: 70 years.
• You can pay your premium monthly, quarterly, half yearly or annually.
PARTIAL WITHDRAWALS
Partial withdrawals will be allowed after the completion of 5 policy years. A maximum of 4 partial withdrawals will be allowed per policy year. Minimum withdrawal amount is Rs.10,000/-. The amount available for withdrawal will be 25% of the Fund Value at the beginning of the respective policy year, subject to the condition that the minimum fund value immediately after withdrawals is not less than Rs.100,000/-. The withdrawal amount of the preceding two years will be reduced from the Sum Assured. However the sum of all withdrawals made after the age of 58 will be reduced from the Sum Assured.
WHAT HAPPENS IF THE PLAN LAPSES?
If you don’t pay your premiums during the first three years, the plan will lapse and you will not recieve any benefit under the policy.
However if you have paid for three years or more you can cash-in your plan after completion of three years at the respective unit prices (without a charge). Since the year on year guarantee in the Protected Fund is applicable only at maturity it will not apply at early encashment. Alternatively, you can let your fund grow without the benefit of a life cover.
This product can be obtained only from a Licensed Eagle Insurance Professional.
For full product details please refer the policy document.
The savings benefits are subject to the investment risks (in view of the fluctuations in the market prices of the underlying assets) which are borne by the policyholder.
Eagle is an Aviva Company. Aviva is one of the world’s oldest insurance groups, with a history dating back over 300 years to 1696. Today it is the world's fifth-largest insurance group and the biggest in the UK. The group has 57,000 employees serving 45 million customers worldwide with more than GBP 359 billion of assets under management.
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