Much Safer and Secure Than Money Back Or Cash Back - ULIPS?

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Unit Linked Insurance Plans
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Much Safer and Secure Than Money Back Or Cash
Back - ULIPS?
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• Insurance today is not just the market trend
  it's the requirement of the day. For an
  individual who is working daily to meet the two
  ends and the demands of his family, is equally
  responsible for a comfortable life after his
  death or when he is not in a position to carry
  out his duties.
• When Insurance inculcated itself in the Indian
  Market, it focused on insurance plans which gave
  a assured return- those which were secure in
  terms where the money (premium) was being put up
  and how it would give assured benefits. It was
  the time of money back or cash back.
• Advertisement, marketing made people more aware
  of the market, insurance and insurance policies.
  Bubbling with these ideas, Insurance companies
  came up with the idea of ULIP or Unit Linked
  Insurance Plans.
• Unit Linked Insurance Plans or ULIPS as they are
  called, are the insurance policies which rolled
  out the premium paid by the insurer in the stock
  market. As the market changed its way, so did the
  profits/benefits linked with the policy, thus
  giving more returns than the usual ones.

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• ULIPS too are classified in three categories -
  Full Equity, Balanced and Partial Equity ones. In
  full equity, the entire premium was put in the
  stock market, in balanced only 50 was put in the
  market - rest 50 was kept as in normal policy
  and in partial only a certain percentage of the
  premium was kept for equity market. Depending
  upon the choice of the insured person, the
  "allocation of assets" is made.
• Despite of the good points of ULIPS and the risk
  involved in them - the big question is - are ULIP
  better than the traditional insurance plans? It
  all depends upon you - when you take a insurance
  policy and are naïve, you depend totally of
  partially on your basic instinct. Same is the
  case with ULIPS. When you take a ULIP, even if
  you are not aware of the stock market trends, you
  rely upon your basic income, forecasted income
  and your basic instinct. Calculated along these
  factors you choose the unit linked insurance plan
  For those who are naïve, can take the Balances
  ULIP plans which will give them better than a
  basic money back plan as well as the assurity of
  a good insurance plan. After all, the idea is to
  buy a insurance plan which gives the benefit of
  protect and gain along with life insurance.

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