Know about Premium Re-direction

Yes, you can move from one fund to another either by Switching or by Redirecting your Premium.

Under the Premium Re-direction option, you may write to us after commencement of the second Plan Year to redirect your future investments towards a different Fund or set of Funds which will be applicable from the next premium due date. However, under this option your past allocation of all Regular Premium does not change.

Example: At the age of 30, you choose to invest your premiums in an Equity1 fund, which is prone to high returns in the long term and high risk in the short term. Five years down the line, you have additional responsibilities and do not wish to take high risks with your investments. You can change your investment preference by redirecting future premiums to Debt1 or Balanced1 funds which have low to moderate risks in the short term. You can continue to keep your existing investment in Equity1 fund.

We recommend you spend some time with your financial advisor to understand your appetite for risk and choose a fund that is suitable to your profile.

If you have any further queries about premium redirection make sure you discuss them with your financial advisor or speak to our representatives through the Live Video Helpline.