Insular Life (InLife) launched a new investment portfolio that will capitalize on the Philippine economy’s expected bounce back from the coronavirus-induced global downturn.
In a statement, Gae L. Martinez, InLife chief marketing officer said they have recently launched a P1 billion-investment portfolio with the aim of hitting a 25 percent growth within five years.
Called the Recovery Equity Fund, the portfolio is available through InLife’s Solid Fund Builder variable unit-linked (VUL) product and will only be sold to investors until November 23, 2020.
“After months of suffering economic contraction due to the Corona pandemic, Martinez said InLife is 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,” Martinez said.
She also urged potential investors to “hurry up” as fund build-up will only accommodate up to a maximum of P2 billion or until November 23, whichever comes first.
“This product is a great financial plan offering because it is a combination of life insurance and investment,” Martinez said.
“So that whatever happens to the investor while this policy is in force, his or her family is financially secured up to 125 percent of the capital investment,” the official added.
Another advantage of InLife’s Recovery Equity Fund is that it can be withdrawn as soon as the 25 percent growth target has been achieved even before its five-year maturity.
Minimum capital requirement to the Solid Fund Builder Recovery Equity Fund is P100,000.