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 marketand 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
According to Investopedia, the official definition for ULIP is "A type of insurance vehicle in which the policyholder purchases units at their net asset values and also makes contributions toward another investment vehicle."
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
Right now, LIC's Wealth Plus ULIP policy is having moderate to reasonable Nav, in comparison to performances of private insurers' 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.
ULIP stands for Unit Linked Insurance PlanIn 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 marketand 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 thatULIP = Mutual fund + Insurance
According to Investopedia, the official definition for ULIP is "A type of insurance vehicle in which the policyholder purchases units at their net asset values and also makes contributions toward another investment vehicle."
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
Right now, LIC's Wealth Plus ULIP policy is having moderate to reasonable Nav, in comparison to performances of private insurers' ULIP policy.
Yes, its true. Bajaj Allianz has many ULIP products
Because, Operations of LIC in the ULIP space was clean and they did not have any issues that the others had
Traditional life insurance gives less return but ULIP may gives high return. Traditional life insurance has no risk factor and ULIP has risk factor.
ULIP stands for Unit Linked Insurance PlanIn 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 marketand 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 thatULIP = Mutual fund + Insurance
Unit-linked insurance plan.
It depends. Some ULIP houses allow it while some dont. check with your ULIP provider if they allow. In most cases they do allow advance premium payments
I think ulip is the best option in insurance. I prefer Aegon Religare for ulip plans.
By contacting an authorized agent who sells ULIPs. Most banks these days sell ULIPs in their branches. You can visit any bank and ask for ulip investment options and their customer care exec will be happy to assist you.
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