What is MUA’s Savings Plan?
We all have a medium or long term project we would like to realise, and that often requires a disciplined investment over a number of years. Our Savings Plan combines investment with traditional life insurance cover, also known as a Unit-Linked insurance plan. It provides life cover, with the balance invested in equity and a variety of financial instruments. The plan allows you to save by investing in one of 4 funds, each adapted to a person’s risk appetite, investment goals and budget. The added advantage is that your investment is protected by a life insurance, should anything happen to you before your realise your project.
Flexi Savings: with a minimum monthly contribution of Rs 500 or intermittent contributions as your budget allows.
Single Investment with a minimum of Rs 25 000
Financial protection in case of
- Death
- Total & Permanent Disability or Waiver of Premium
Single or joint cover
THE ADVANTAGES OF MUA'S SAVINGS PLAN
You have the choice between 4 funds available, depending on your savings objectives and your risk tolerance.
The Flexi Savings plan gives you the flexibility to:
- Increase your monthly contribution as your savings objectives evolve and your budget allows
- Make additional once-off investments at any time
- Your capital is guaranteed if you choose to invest in our Defensive Fund
- Loyalty Bonus: you will receive a bonus after 10 years and every 5 years thereafter - applicable to Dynamic and Balanced Funds)
- Optional Cash advance and loan on your policy
- You can opt for an automatic annual escalation of your contribution.
- Pledge for a loan (certain conditions apply)
- DEFENSIVE
- BALANCED
- DYNAMIC
- INTERNATIONAL
INVESTMENT OBJECTIVES
The fund seeks to earn better returns than the savings rate offered by commercial banks while seeking to preserve capital and limit volatility. The portfolio is invested in a diversified manner in secure financial instruments. The fund may also have a small exposure to local equities to boost the fund's return.
ALLOCATIONS
| 2020 | 2021 | 2022 | 2023 | YTD | |
|---|---|---|---|---|---|
| FUND | 6.7% | 5.1% | 4.2% | 4.9% | 3.8% |
| BENCHMARK | 0.8% | 4.8% | 10.1% | 9.4% | 3.8% |
INVESTMENT OBJECTIVES
The fund seeks to achieve medium to long-term capital appreciation with a balanced risk strategy. The value of the portfolio will rise and fall with volatility. The overall exposure of the portfolio is diversified across different asset classes: domestic and foreign equities fixed income instruments, real estate and secured loans.
ALLOCATIONS
| 2020 | 2021 | 2022 | 2023 | YTD | |
|---|---|---|---|---|---|
| FUND | 1.8% | 17.9% | -4.6% | 9.5% | 11.5% |
| BENCHMARK | -5.4% | 16.7% | -1.2% | 5.3% | 11.1% |
INVESTMENT OBJECTIVES
The fund seeks to achieve competitive long-term returns and is suitable for investors with a high tolerance for risk. The value of the portfolio may rise and fall significantly in response to fluctuations in the financial markets. The fund invests in a diversified manner in different asset classes, with an emphasis on local equities and foreign assets. The fund may also invest in fixed income instruments to provide some protection against volatility.
ALLOCATIONS
| 2020 | 2021 | 2022 | 2023 | YTD | |
|---|---|---|---|---|---|
| FUND | -5.6% | 24.7% | -9.9% | 9.0% | 15.2% |
| BENCHMARK | -10.1% | 23.3% | -2.5% | 5.9% | 14.4% |
INVESTMENT OBJECTIVES
The fund’s objective is to provide attractive capital appreciation over the long-term. To avoid excessive volatility overtime, the strategy is to hold a mix of foreign assets, with a focus on managed funds invested into diversified equities, fixed income securities and currencies. The Manager follows a philosophy of active asset and geographical allocation, based on its expectation of global economic and market performances.
ALLOCATIONS
| 2022 | 2023 | YTD | |
|---|---|---|---|
| FUND | -7.7% | 12.4% | 16.9% |
| BENCHMARK | -11.2% | 16.9% | 17.4% |
Would you like to know how much to set aside each month to concretize your project or complete your retirement?
Calculate, the amount of the monthly payments necessary to obtain the desired capital according to the chosen profile.
For more information
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Whether you own or rent, a good home insurance is essential to protect you, your family and your possessions.
