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| Sunday, 24 February 2002 |
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Business |  |
| News Business Features Editorial
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Eagle Life Fund reports 27% growth The Life Fund of Eagle Insurance has increased by one billion rupees, bringing the Fund to Rs. 4.653 billion as at end 2001, the company has announced. This is a 27 per cent growth over the previous year, following the annual independent actuarial evaluation. In evaluating the Life Fund, Eagle maintains internationally accepted solvency margin standards, ensuring that the company has reserves in excess of required levels. According to the company, it had pioneered the practice of annual independent actuarial valuation of Life Funds. Each Eagle Life policy holder has a separate investment account to which regular premiums are credited with necessary deductions for cost of Life cover etc. This fund accumulates with compounding effect at the declared annual dividend rate. Eagle policy holder dividends are calculated on the basis of the investment income earned on the Life fund. This makes Eagle Life Insurance plans "a very good investment while providing protection, hence called Insurance for Living Plans." "The company has consistently declared a higher dividend than promised, in spite of the fact that the dividend rate is influenced by the conditions of the capital market," it said. |
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| Editorial | Security Produced by Lake House |
