Consumers can now invest and receive guaranteed returns of 7.5% simple interest rate per annum (guaranteed return at maturity) with INVESTMENT+ from Union Assurance PLC. INVESTMENT+ provides a unique investment opportunity and an inbuilt life cover for the policyholders and their loved ones. With a guaranteed total return at the end of the policy term, INVESTMENT+ is the ideal investment solution to realize short-term financial goals, whether it is for a child’s education, starting a new business or as a retirement fund.
Investment+ offers policyholders the opportunity to build substantial capital over a shorter term of three years. It also offers protection of the fund for the period, with a built-in life cover that protects the fund against an untimely demise, in which dependents will receive a total guaranteed return. Applicants for the facility must be in reasonably good health and be aged between 18 and 65 years.
In the existing low-interest environment, Investment+ augers well as a stable, short-term investment solution.
Union Assurance is a part of the John Keells Group, Sri Lanka’s largest listed conglomerate. It is among the most awarded Insurance companies in Sri Lanka, completing over three decades of success with a market capitalization of Rs. 18.4 Bn, a Life Fund of Rs. 43.3 Bn and a Capital Adequacy Ratio (CAR) of 306% as at March 2021. Set to empower the Sri Lankan Dream, Union Assurance offers Life Insurance solutions that cover education, health, investment, protection, and retirement needs of Sri Lankans. With 76 branches and an over 3000-strong workforce, Union Assurance continues to invest in people, products, and processes with a customer-centric focus to be responsive to emerging changes in the Life Insurance industry.