Prudential launches new product

Prudential launches new product

JAKARTA (JP): Prudential BancBali Life launched on Tuesday
three additional new funds of its PRUlink investor account, an
investment linked product that was first introduced last April
and has already raised Rp 55 billion (US$7 million) in sales last
year.

With these three additional new funds--Rupiah Equity, Rupiah
Fixed Income and Rupiah Cash-- Prudential is targeting at least
Rp 75 billion (US$9.7 million) in premium income this year from
PRUlink investoir account alone, the insutrance company said in a
statement.

The company said PRUlink Rupiah Equity Fund seeks to maximize
returns over the medium and long term through investments in
shares listed on the Jakarta Stock Exchange.

The Rupiah Fixed Income Fund seks to achieve an attractive
level of income while the Rupiah Cash Fund seeks to produce
income through investment in money market instruments such as
time deposits and Bank Indonesia's certificates of deposits,
Prudential added.