INSULAR LIFE Assurance Co. Ltd. (InLife) launched a P1-billion investment portfolio that it targets to grow by 25% within five years, banking on gains from stocks and improved economic prospects.
The Recovery Equity Fund portfolio is available through InLife’s Solid Fund Builder variable unit-linked product, which has a minimum capital requirement of P100,000, and will only be sold until Nov. 23 or until the pooled money reaches the maximum P2 billion, whichever comes first.
“After months of suffering economic contraction due to the pandemic, we are confident that Philippine economy will bounce back soon. Through our latest equity fund offering, we aim to take advantage of the current discounted prices of stock companies traded in the Philippine Stock Exchange,” InLife Chief Marketing Officer Gae L. Martinez was quoted as saying.
The product also provides life insurance coverage, InLife said.
“So that whatever happens to the investor while this policy is in force, his or her family is financially secured up to 125% of the capital investment,” Mr. Martinez said.
Investors in the fund can also withdraw as soon as the 25% growth target is achieved, even before its five-year maturity.