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ACE Life unveils new universal life product

Update: September, 25/2013 - 11:00

HCM CITY (VNS) — ACE Life Insurance Company Ltd on Monday launched a new universal life product called Premier Universal Life 2013.

In addition to the basic benefits available in the main plan, customers can also select supplementary benefits like hospitalisation and disability coverage and extra payment for accidental death abroad.

A universal life policy, unlike a term life policy, provides coverage for the whole life of the customer as well as building cash values. — VNS

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