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ULIP stands for Unit Linked Insurance Plan
In terms of functioning, ULIPs are very similar to Mutual funds. A ULIP can be considered as a type of mutual fund that provides you insurance benefits and that too, to the extent you want. The money you invest would be converted into units just like in MFs and invested in the Stock Market and also you would be charged an amount out of your premium to provide you the insurance coverage you want. For a layman we can assume that
ULIP = Mutual fund + Insurance
IRDA stands for Insurance Regulatory and Development Agency. It supervises the Insurance sector in India
What else can I help you with?
Which is the best ULIP plan in India?
Right now, LIC's Wealth Plus ULIP policy is having moderate to reasonable Nav, in comparison to performances of private insurers' ULIP policy.
How can you look at your ulip status?
You have two ways:By reveiwing your quarterly ULIP statement that will be sent to you by either email or by regular postBy using the online website of the ULIP house if you have a login/password
IS Bajaj allianz ulip true or fake?
Yes, its true. Bajaj Allianz has many ULIP products
Why sebi has not given notice to lic for ulip?
Because, Operations of LIC in the ULIP space was clean and they did not have any issues that the others had
In which year irda act was passed?
IRDA Act 1999
How do you get my IRDA license no?
how do youget rajkumar goel irda licence no
When established irda?
The Insurance Regulatory and Development Authority (IRDA) was formed by an act of Indian Parliament known as IRDA Act 1999
Difference between traditional life insurance and ULIP policy?
Traditional life insurance gives less return but ULIP may gives high return. Traditional life insurance has no risk factor and ULIP has risk factor.
How can i get the list of the IRDA licenced agents?
You can be able to get the list of the IRDA licensed agents from the IRDA portal. This is where all the corporate agents will be listed.Ê
When and how irda was established?
The Insurance Regulatory and Development Authority (IRDA) was formed by an act of Indian Parliament known as IRDA Act 1999
When was irda established?
The Insurance Regulatory and Development Authority (IRDA) was formed by an act of Indian Parliament known as IRDA Act 1999
When was IRDA formed?
The Insurance Regulatory and Development Authority (IRDA) was formed by an act of Indian Parliament known as IRDA Act 1999
