Insular Life fund doubles investment in five years

MANILA, Philippines - Insular Life’s Wealth Series funds achieved its highest peso equity fund NAVPU (Net Asset Value Per Unit) rate at closing on Monday, June 21, with a 107 percent yield since its launch in March 2005, effectively doubling the principal amount in a little over five years.

Other Wealth Series funds reflected the same robust trend of the financial markets, the company said in a statement.

Fixed Income Fund recorded a 47.22 percent yield while Balanced Fund, which invests both in equities and fixed income instruments, obtained a 66.74 percent return during the same period. Likewise, the Dollar Fixed Income Fund has fetched its highest return of 19.35 percent since it was launched three years ago. 

The funds’ performance reflects Insular’s 100 years of experience in financial protection and investments, while upholding its role as prudent and competent fund managers. It also proves credibility of the Wealth Series products as safe and profitable investments over the medium to long-term period.

Wealth Series is comprised of Wealth Builder and Wealth Secure. Wealth Builder is a peso-denominated, investment-linked insurance product requiring a single premium payment, where returns depend on the growth of the policyholder’s chosen fund. Part of the investment amount covers insurance protection embedded in the product to protect policyholders against unforeseen events. Beneficiaries get 125 percent of the premium or the fund value, whichever is higher.

Wealth Secure, on the other hand, is a regular pay peso-denominated, investment linked insurance product. Similar to Wealth Builder, yields depend on the fund chosen by the policyholder. Wealth Secure offers more flexibility such as options to increase or decrease insurance coverage or increase or decrease the premium over time.

As of yearend 2009 Insular Life premium income rose to P7.5 billion while net income was up at P2.12 billion. Total assets also grew to P63 billion during the period.