It is a unit
linked insurance plan which promises good returns through market participation and also the benefit of life insurance protection.
Unit
linked insurance plans offer both life insurance coverage and a platform for the investments as per the risk appetite of the policy holder.
These are unit
linked insurance plans which invest your money in variable proportion in equity, debt, money market instruments, bank deposits etc..
Individuals who like to closely monitor their investments and make changes based on performance of the market will find a
unit linked insurance plan as one of the best financial investment instrument.
BSLI Fortune Elite Plan is a Unit
Linked Insurance plan where premiums paid net of allocation charges is invested in unit account which participated in market growth to yield high returns.
Endowment Policies can be ULIP linked or Non ULIP linked, the former type is the unit
linked insurance plan in which the policy is linked to the profits of the insurance company and the insured also receives bonuses if applicable.
Since each insurance company provides the ULIP NAV for each of its unit
linked insurance plans on its site, people can easily determine which the best ULIP plan for their needs is.
26 August, 2015: On Tuesday, Exide Life Insurance Company launched a new unit -
linked insurance plan called Wealth Maxima, which gives a choice to increase the life cover amount at different stages of life.
Unit
Linked Insurance Plans under savings are: Shriram Ujjwal Life Shriram Ujjwal Life - SP Shriram Fortune Builder Insurance Plan Shriram Life Assured Wealth Plus
As
non-unit linked insurance plan LIC Jeevan Saral is one of the most beneficial endowment plans that provide a lump sum amount of 250 times of the premium paid.
IndiaFirst Simple Benefit plan is a participating
non linked insurance plan which offers the benefit of insurance plus savings.
Future Generali Pramukh Nivesh: This is a single premium unit
linked insurance plan i.e. it is available with a one - time lump sum premium payment option only.
In a unit
linked insurance plan there are two parts in the premium a client pays, the first part of the premium goes into covering the life of the policy holder and the second part goes into investments.
DHFL Pramerica Smart Wealth Plus: This non-participating unit
linked insurance plan rewards policyholders with Persistency Units for continuing their policy.
For example, people often think that term insurance also has an investment component to it, like in the case of Unit
Linked Insurance Plans ULIPs.
The decision to disclose commission comes at a time when market regulator SEBI and IRDA are locked in a battle for control over ULIPs — or
equity linked insurance plans.
Unit
Linked Insurance Plans generally called as ULIP Plans are investment cum protection plans that offers you dual benefits of availing market linked returns on your investments along with life insurance cover.
A unit
linked insurance plan tailor made for the privileged customer who wants to pay premium for a limited tenor and stay with the investment in market for longer term.
A unit
linked insurance plan dyed in the wool for those who wants to secure their future and achieve a predetermined financial objective in long term.
This is a non-participating Unit
Linked Insurance Plan Intended to provide fund management for various employee benefit Schemes including Gratuity, Leave Encashment which can invest In the funds offered by Edelweiss Tokio Life Insurance Co Ltd..
And in case of an untimely demise of the life assured, the insurance company pays the sum assured to the nominee as mentioned in the unit
linked insurance plan document.
Having known the different focal points that ULIP offers, it is advisable to pick the correct unit
linked insurance plan relying upon ones age and the relative objectives at different life stages.