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Investment choice to power your child's future
Eagle FutureGain is the ideal long-term plan to accumulate funds for a specific saving need such as meeting the higher education expenses of your little one. You can save regularly and choose the maturity period to suit your child's need.
With Eagle FutureGain your life cover is 10 times the Annual Premium. So you have the peace of mind and the confidence of having provided for your child should the unforeseen happen.
The investment choice you get is amazing!
FutureGain 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.
Protected Fund
Secure Fund
Balanced Fund
Growth 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.
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
Fund
Composition
Debt
Securities: 80-100% (Treasury Bills, Treasury Bonds &
Corporate Debenture) Equities: 0-20% (Stocks traded in the
stock market)
Investing 100% in the Protected Fund which declares an annual
rate of return each year.
Investing 100% in Secure, Balanced or Growth Funds
Investing in a combination of Protected Fund and any or all
of the other Unit-Linked Funds
In options b) and c) a minimum of 10% should be invested in each
selected fund.
How does your money grow? If you are 30 years’ old and take a 15 year plan this is your
projected maturity value :
Annual Premium
Projected Maturity Value **
Protected Fund
Secure – Balanced- Growth
6%
10%
6%
10%
25,000
434,119
595,032
443,156
608,328
50,000
922,711
1,263,377
941,848
1,291,525
Values in LKR
** The projected maturity values in the above table are calculated by using gross investment returns of 6% and 10% and applying the relevant charges.
The maturity value shown under Secure-Balanced -Growth has been calculated assuming the same unit growth rate for illustration purposes. 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.
The flexibility you get !
Switching
Switching from one fund to another (either partly or fully) is allowed only within Secure, Balanced and Growth Funds. This facility is provided to you free of charge up to one switch in a policy year. In case of a part switch, the minimum amount switched and minimum balance in the fund after the switch should be Rs.20,000.
Partial withdrawal
If required you can make partial withdrawals (minimum Rs. 10,000) by cashing in units created from the 4th year onwards without any penalty, provided that the immediate fund value after withdrawal is not less than Rs. 50,000.The withdrawal amount of the preceding two years will be reduced from your life cover.
You can even change the allocation proportion of premiums to different funds at any time without a charge. This is allowed twice a year.
Entry age: 19 to 55 years at the next birthday.
Maximum age at maturity: 70 years.
Choice of maturity period between 15, 20 or 25 years
You can pay your premium monthly, quarterly, half yearly or annually
What do you get at maturity?
At maturity, the policy value will be the total number of units multiplied by the selling price. 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.
The in-built life insurance cover makes your maturity value free of tax.
A life cover of up to 10 times the annual premium
Your life cover is 10 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.
What happens if the plan lapses?
If you don't pay your premiums during the first 3 years, the plan will lapse. However if you have paid for 3 years or more you can cash-in your plan at the respective unit prices subject to a penalty. 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 Licensed Eagle Insurance Professional.
