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You are in Personal Solutions > Investment Insurance
 
Life Bond
 

Investment choice to power your life
One lifetime premium is all you pay! This is the ideal plan for you when you don't want to make a commitment to pay premiums on a regular basis. You can look forward to a more luxurious lifestyle thanks to LifeBond.

The investment choice you get is amazing!
LifeBond 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 Debentures) Equities: 0-20% (Stock traded in the stock market)

Debt Securities: 40-100% Equities:0-20% Money Market & Cash: 0-40%

Debt Securities: 10-90% Equities: 10-60% Money Market & Cash:  0-30%

Equities: 20-100% Money Market & Cash: 0-30%
 

You have the following options:

  1. Investing 100% in the Protected Fund which declares an annual rate of return each year.
  2. Investing 100% in Secure, Balanced or Growth Funds.
  3. 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 10 year plan, this is your projected maturity value :

 

 Single Premium

Projected Maturity Value **

Protected Fund

Secure – Balanced- Growth

 

6%

10%

6%

10%

100,000

133,957

194,955

136,325

197,444

200,000

270,635

391,969

275,418

398,897

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) from the third year, provided that the immediate fund value after withdrawal is not less than Rs. 50,000. Your life cover will be reduced by the withdrawal amount of the two preceding years.

Entry age: 19 to 65 years at the next birthday.

Maximum age at maturity: 70 years.

Choose between 5 and 10 year policy terms

Minimum premium of Rs 100,000.

If the unforeseen occurs your loved one will be provided with 105% of Single Premium or the fund value whichever is higher
   

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.

Can you cash-in your policy?
Yes, you can cash-in your policy either as a part withdrawal or total encashment at the prevailing unit values.

The charge levied will vary according to the term of the policy and the time of withdrawal or encashment.

This product can be obtained only from Licensed Eagle Insurance Professionals
Hotline :  2310 310

 
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