ULIP: Invest the Smarter Way - PowerPoint PPT Presentation

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ULIP: Invest the Smarter Way

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ULIP plans offer the flexibility of market linked returns on your investments and life insurance cover for you and your family. For more details visits: – PowerPoint PPT presentation

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Title: ULIP: Invest the Smarter Way


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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. ULIPs 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.

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  • 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. 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.

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  • 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 ULIPs are the ones which will
    mention all the deductions clearly before the
    investment and flexibility options after
    investment.

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  • Choosing
    the best ULIP rates is very easy provided certain
    criteria are considered before investing.
    Understanding the plan, ULIP charges implied,
    comparing different products offered by different
    companies and going for the best ULIPs that fits
    the need will work well. One can buy ULIP online
    if they are clear about the kind of investment
    they want to make link Wealth SP plan. Top ULIP
    plans are usually the ones with favorable ULIP
    premiums, long term investment and a good life
    cover with a decent mortality charges.
    Understanding the peculiarities of the ULIP rates
    and their growth rates and making the investment
    in life insurance wealth plan especially in a
    ULIP will give the best results.

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Click to know more on Best Ulip
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