Sentences with phrase «for ulips»

Life Goal Assure is a value - packed goal - based Unit Linked Insurance Plan (ULIP) with two unique benefits that are one of their kinds for ULIPs in India.

The regulations have now standardised the formula to calculate the minimum reduced sum assured payable and the same formula is available for Ulips as well.

When you opt for ULIPs, some part of the money you have invested is used towards term life protection, while the other part of it is invested in stocks, bonds, and mutual funds.

These variable insurance products will be treated at par with Ulips, those products will follow the same commission package for Ulips.

Remember, if it is not a term plan and you want to discontinue it, there will be a higher surrender fee (for Ulips, it is 10 - 15 per cent in the initial years and lower after the fifth year) than that of traditional plans — 30 per cent in the second and third years and 70 per cent in the fourth year, excluding the first year premium.

Premium allocation charge for ULIPs bought offline can vary up to 20 %.

Hands - on investors who like operational control and the ability to adjust their investments are the best fit for ULIPs.

Increase in Income tax deduction limit and high demand for ULIPs will see reversal in their trend in 2014 - 15 Top officials of various companies stateRead More

Note that the process to compute the loan amount is different for ULIPs and traditional insurance policies: -

In an another interview, one of the spokesman from HDFC Standard Life attributed growth of market share to innovative product launches, demand for ULIPs and thrust on distribution channels.

Increase in Income tax deduction limit and high demand for ULIPs will see reversal in their trend in 2014 - 15

Increase in Income tax deduction limit and high demand for ULIPs will see reversal in their trend in 2014 - 15 Top officials of various compa... read more

In this article, we discuss ULIP (Unit Linked Insurance Plans), insurance cum investment products that qualify for tax benefits under section 80C and whether you should go for ULIPs.

The lock - in period for all ULIPs was increased from three years to five years, including top - up premiums, thereby making them long - term financial instruments which primarily provide risk protection.

The key change is an increase in investment lock - in period for all Ulips from three years to five years, including top - up premiums.

The premiums paid for ULIPs (Unit Linked Insurance Plans) are exempted from taxes under section 80C.

In the earlier version, the expense ratio for Ulips was 3 - 5 %, with charges as high 60 % on the first year's premium.

Once these goals have been decided, one can look for ULIPs with their benefits which fulfil the goals adequately.

Indeed the HLCC needed to have looked into the commission structures for ULIPs to ensure a level playing field for financial intermediaries: the IRDA has been more than generous to agents at the cost of investors.

For Ulips, the lock - in period will continue to be five consecutive years from the date of commencement of the policy.

In the last two years, the average tenure for Ulips has come down to 8 years from 12.5.

The regulatory changes introduced since September 2010 have significantly reduced the new business premiums for ULIPs.

Dear Rupali, Let's not forget that the underlying Securities for ULIPs are Equity / Debt investments, which are also part of Mutual Funds.

Yes, you guessed it right its none other than our friends from Insurance community and started their marketing push for ULIPs.

Even after the online form for ULIP has been filled up and payment has been made, investors also have to complete some offline paperwork.

Should I go for ULIP or term plan?

While the Insurance Regulatory and Development Authority (IRDA) came out with new rules on Unit linked insurance policies (Ulips) in September 2010, it also changed the guidelines for Ulip pension plans which talked of offering a guaranteed return of 4.5 per cent.

One can also go in for ULIP, which refers to a market linked product that aggregates the very best of insurance and investment.

Such individuals can opt for a ULIP plan with higher death benefit and choose a growth or balanced investment fund for wealth creation.

It is most advisable to go for a ULIP plan which allows partial withdrawals to meet such liquidity requirements.

Under Section 10 (10D), for ULIP's, where the premium payable to the sum assured does not exceed 10 %, the amount received on partial withdrawal or maturity is exempt from tax.

The premium paid for a ULIP is allocated at a certain rate in a fund (s) as per policyholder's choice.

I would recommend you to go for Ulip child plans.

IRDA, the insurance regulator, changed guidelines for ULIP pension plans in September 2010, requiring pension plans to offer a guaranteed return of 4.5 per cent.

At this stage, it would suit Alok to opt for a ULIP with higher exposure to equity markets, and exercise the option to customise his plan to reduce risk and increase insurance cover later.

Above benefits shall be reversed if the policy is terminated / cease to be in force within 2 years for traditional products and 5 years for ULIP products after the date of commencement of policy.

Should I go for ULIP or term plan?

With unit - linked insurance plans (ULIPs), the funds can be withdrawn in 5 years at no charges, and you can re-apply for a ULIP plan with another insurer, thereafter.

The year 2010 was a turning point for ULIP as the insurance regulatory and development Authority of India introduced the new set of regulations for Unit linked Insurance Plans.

In our case above, the return has been assumed at 8 % market growth for ULIP.

The year 2010 was a turning point for ULIP as the insurance regulatory and development Authority of India introduced the new set of regulations... Read More

If you can find out these two conditions suitable for you, then you must go for ULIP.

Premium Top - Ups: If the policyholder wishes to increase the amount of premiums being paid for the ULIP, he / she can do so by using the Premium Top - up feature of this plan.

Don't go for a ULIP this year.

In addition to this, many good online insurance companies provide risk cover for your ULIP plan.

For a long term plan that is for more than 10 years, it is best to opt for ULIP's, or Unit Linked Insurance Plans.

Riders increase protection for your ULIP plan and all these are available at an additional cost.

Star Rating for ULIP Funds — How would it benefit you?

Jeetu, For ULIP's, insurance companies would charge high allocation and admin charges in initial years.

However, there are no tax on the withdrawals or maturity amount for ULIP's provided the sum assured is at least 10 times of the annual premium.