Ulip Insurance
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Ulip insurance. Ulip unit linked insurance plan is a type of insurance policy that offers the policyholder to pays an annual or monthly premium. A ulip plan is suitable for all salaried and self employed individuals with dependents who seek a long term insurance plan that offers the combined benefit of wealth creation and life insurance under a single policy. This type of product is suitable for you if you wish for a product which not only provides you insurance but also allows you to invest. A mutual fund is a pure investment product that gives market linked returns.
It provides a life insurance cover to the policy holder along with investment options. You can invest in the ulip plan in india to secure your retirement childrens higher education or any other financial goals. A small amount of the premium goes to secure the life of the investor and the rest of the money is put into investments like stocks bonds or mutual funds. A ulipor unit linked insurance plan is a combination of both insurance and investments.
A unit linked insurance plan ulip is a product offered by insurance companies that unlike a pure insurance policy gives investors both insurance and investment under a single integrated plan. In ulips one part of the premium is paid towards the insurance and is called a mortality charge while the other part is invested in different investment optionslike market funds bonds debts equities or a hybrid. A small amount of the premium goes to secure. Theres no risk cover.
A unit linked insurance plan ulip is a multi faceted product issued by insurance companies that combine insurance coverage and investment exposure in a single offering. Unit linked insurance plan ulip is a type of insurance product which not only provides you protection but also offers you the option of investing your money in investment tools of your choice. Ulip is a combination of insurance and investment. The policyholder can choose the investment type based on his risk appetite as all option guarantee returns.
A ulip is an insurance cum investment plan in which risk cover is promised but return solely depends on the market performance. In a ulip plan withdrawals can be made after completion of the lock in period of 5 years. Here policyholder can pay a premium monthly or annually. Ulips permit the policyholder to invest in stocks bonds or mutual funds.
A ulip or a unit linked insurance plan is a financial instrument that provides risk cover as well as investment options for the policyholder.