Do you know about any investment product that gives you life cover with wealth creation?
Yes! You heard it right.
Ulip provides risk cover, wealth protection, value appreciation, strategic flexibility, and tax saving, altogether in one single plan.
What is a ULIP?
A Ulip or Unit-Linked Market Plan is a life insurance product, which provides risk cover for the policy holder along with investment options to invest in any number of qualified investments such as stocks, bonds or mutual fund
Types of ULIPs: Unit-linked insurance plan can also be categorized on different criteria or norms. On the basis of death benefits, there are two kinds of Ulips
A. Simple Maturity Plan:
In case of death of the policyholder, the nominee receives death benefit which is equal to higher of the sum assured or fund value by the insurance company.
Let’s take an example: An insured took a ULIP plan with a sum assured of Rs. 30 lakhs. Till now he has paid premium for 8 years and the fund value has now grown to Rs. 21 lakhs. In the event of the death of the policyholder, the beneficiary will receive Rs. 30 lakhs the higher of sum assured (Rs. 30 lakh) or fund value (Rs. 21 lakh).
B. Whole Life Plan:
In case of Whole Life plan, when a policyholder dies, the death benefit is received by the nominee which is equal to the sum assured plus fund value. In case of whole life plan the premium will be higher than the simple maturity plans. It also considers mortality rates with every policy year because the risk of death increases with age.
この記事は Investors India の June 2019 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Investors India の June 2019 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Indians are Developing Weak Bones
In India, 1 out of 8 males and 1 out of 3 females suffer from osteoporosis, making India one of the largest affected countries in the world.
"The strategy behind the Tata India Innovation Fund centers on identifying companies that are driving transformative or incremental changes through innovation"
Yes, we certainly believe innovation is a powerful theme with immense potential for the coming years, and we are excited to bring it to our investors.
What is Hybrid Mutual Fund?
Hybrid Mutual Fund is a combination of more than one type of fund. While they invest in shares of companies listed on the exchange, like equity funds.
Should you invest in dynamic bond funds?
Dynamic bond funds have delivered a category average return of 8.68 per cent over the past year, making them the fourth best-performing category, following long-duration funds, constant maturity gilt funds, and gilt funds. With interest rate cuts yet to begin, these funds remain a viable option for investors seeking to benefit from possible rate reductions.
The Multicap Solution to India's MultiDimensional Growth
India is entering a transformative era of economic growth, backed by a unique combination of demographic strength, infrastructure development, and rising global prominence.
The Long-Term Benefit of Investing in Children's Future
A child is the most treasured part of any parent's life, and naturally, we want to give them the best of what the world has to offer. This often means not only ensuring we can meet their needs but also nurturing them to pursue their unique aspirations. Each child has their own dreams and challenges, making the early years critical as they lay the foundation for a healthy and fulfilling future.
ASK THE EXPERT
Ques. One of my friends told me that your company provides detailed Retirement plans. I want to know what is the procedure to get my Retirement plan. I will be retiring in March 2025. R.P Gupta, Noida
How to Naturally Reverse Fatty Liver Disease
The liver, located on the upper-right side of the abdomen, is the body’s largest internal organ and plays a critical role in detoxifying the blood and processing nutrients.
Banking sector which has underperformed in the last two years, now offers a favorable risk-reward profile
Do you think the market is overpriced? Is yes, should investors refrain from investing in index schemes at the current valuation?
India will continue to enjoy benefits of a close US relationship and trade will continue to grow
Q1. The US elections are said to be one of the closest till date, what impact will the election of a Republican / Democratic party have on the US economy and how is that going to affect India in the short as well as the long term?
