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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
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Why ulip band by sebi?
SEBI did not ban ULIPs but they banned some Insurance companies from selling ULIPs, that's all
Why uLIP was banned by sebi?
SEBI did not ban ULIPs but they banned some Insurance companies from selling ULIPs, that's all
Is ULIP a combination of insurance and mutual fund?
ULIP stands for UNIT LINKED INSURANCE PLAN. They are a combination of Insurance and Investment plan. You could start with a small investment. ULIPs give you the benefit of investment and an insurance policy together. They are good avenues to invest in. ULIPs are Unit Linked Insurance Plans which are meant to give you safe and high returns. Yes- From a layman perspectiveULIPS can be considered a combination of Insurance and Mutual Funds
Is ULIP better than a combination of Mutual fund plus term insurance?
No. The combination of a Mutual Fund + Term Insurance is better than ULIPs
Differences between mutual funds and ulips?
Mutual funds and ulips are almost similar in one aspect - They invest in the stock market and the investors own units of the fund that have a face and market value. The difference lies in the fact that, ulips provide life insurance coverage to its investors by charging a certain fee on the investment whereas mutual funds do not provide insurance coverage. In simple terms, ULIP stands for UNIT LINKED INSURANCE PLAN. They are a combination of Insurance and Investment plan. You could start with a small investment. ULIPs give you the benefit of investment and an insurance policy together. They are good avenues to invest in. ULIPs are Unit Linked Insurance Plans which are meant to give you safe and high returns. I personally am a ULIP holder from Bajaj Allianz and have been very satisfied with their returns. I invest in an online ULIP called iGain which allows you flexibility of payment and involves no middlemen/paperwork. So its nice and easy to invest in.
Is Term-life insurance available with a single payment premium?
As if nw not avilable..before ULIPS launched in market there is Term life insurance plans with single premium avilable
What are ULIPs?
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 thatULIP = Mutual fund + Insurance
What are unit linked and traditional linked policy?
ULIPS are basically Unit linked plans .e in these plans you get the benefit of insurance as well as investing in Equity and bonds or debt... whereas in case of TLIPS these are traditional linked plans wherein you get the benefit of endowment plans with that of ULIPS as well...!!
What a comparative study says about ulips and mutual funds while investor have question.1 to plan for tax. 2. maximising the returns. 3. get insured only. or various combinations of the three.?
To plan for Tax - Yes ULIPs are a good optionFor Maximizing Returns - Mutual Funds are a good option. Choose a well managed equity diversified mutual fund schemeTo get Insured Only - Choose a pure term life insurance policy. Neither Mfs nor ULIPs are useful for pure insurance purpose
How many company sells ulips?
Many companies in India sell ULIPs. Some of them are:HDFCICICI PrudentialLICSBIBajaj Allianzetc
What are the main features of ulips?
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
What is mean by ULIPs in insurane sector?
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
