Unit Linked
Insurance Policies (ULIPs) offer a combination of investment and protection and
allow you the flexibility and choice on how your premiums are invested
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Services Offered
- Licensed Insurance Advisor
- Protection Plans
- Savings and Investment Plans
- Unit Linked Plans
- Child Plans
- Retirement Plans
- Health Plans
- Insurance Policy
- Medical Policy
- Tax saver
IN UNIT LINKED PLANS, THE INVESTMENT RISK PORTFOLIO IS BORNE BY YOU AS YOU ARE THE INVESTOR Typically, the policy will provide you with a choice of funds in which you may invest. You also have the flexibility to switch between different funds during the life of the policy.
The value of a ULIP is linked to the prevailing
value of units you have invested in the fund, which in turn depends on the
fund's performance. Pension or property
In the event of death or permanent disability, the policy
will provide the Sum Assured (to the extent you are covered) so that you can
take comfort in knowing that your family is protected from sudden financial
loss. A ULIP has varying degrees of risk and rewards.
There are various charges
applicable for Unit Linked Policies and the balance amount out of the premium
is only invested in the fund/funds chosen by you. It is important to ask your insurer or agent
or broker questions to understand the sum total of charges that you have to
incur. It is important to assess your risk appetite and investment horizon
before deciding to buy a ULIP policy.
You must also read the terms and
conditions of the policy carefully to understand the features of the policy
including the lock-in period, surrender value, surrender charges etc.
All the types of plans mentioned above can be offered under ULIP plans.