ULIP- Invest the Smarter Way

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ULIP Plans
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ULIP- Invest the Smarter Way
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• ULIPs - Unit Linked Insurance Plan (also known as
  wealth insurance plans) is a package of financial
  solutions that include the safety of insurance
  cover with wealth enhancement possibilities. In a
  ULIP, a part is reserved for life cover and the
  rest is invested in stocks and bonds as funds.
  This investment is dependent on the performance
  of the underlying fund that is chosen by the
  investor. ULIPs with its two in one arrangement
  keeps the protection and savings elements
  distinguished. ULIP Plans are very flexible and
  transparent which enables the investor to
  customize the plans as per the need and unlike
  other plans once invested, the plan remains
  unchangeable.
• Types of ULIPs include Retirement, wealth,
  children's education and health plans. Depending
  on the priority, investment in ULIPs can be done
  accordingly. Best ULIPs are the ones which have
  the appropriate life cover, right fund option and
  a long term investment. In ULIP insurance plans,
  the charges applicable are well bifurcated.

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• The ULIP charges usually include Policy
  administration charges, ULIP premium allocation
  charges, mortality charges and fund management
  charges. Policy administration charges are
  deducted on a monthly basis, premium allocation
  charges are deducted from the premium amount that
  the investor pays and is used for medicals, cost
  of underwriting and distributor's fees. The
  amount that remains is invested in the fund that
  is chosen by the investor.
• Mortality charges are also deducted on a monthly
  basis. It is the sum assured for providing a life
  cover to an individual and will vary as per the
  fund value selected. Depending on the fund
  chosen, fund management charges are also deducted
  by the insurance company for the maintenance of
  these funds. Best ULIP Plans are the ones which
  will mention all the deductions clearly before
  the investment and flexibility options after
  investment.
• Source http//bit.ly/2ceR4CI

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