"These plans coexist with Ulips, as customers need both products that offer a guarantee and those that offer equity exposure," says Madhu Burugupalli, senior executive vice-president and head of products, Bajaj Allianz Life Insurance.
Understanding non-par plans
There are two types of investment-cum-insurance products: Linked and non-linked. Linked plans depend on market performance while non-linked plans are unaffected by market fluctuations.
Non-linked plans can be further categorised into participating and non-participating. "Returns of participating plans depend on the insurance company's profit pool, which is shared with policyholders.
Non-participating plans offer guaranteed returns that are known upfront," says Deepesh Raghaw, a Securities and Exchange Board of India (Sebi)-registered investment advisor.
Denne historien er fra December 26, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra December 26, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Mahakumbh Opens Today With ₹25K Cr Revenue Hope
400 mn may join the 45-day congregation; UP expects ₹2 trn economic spinoff
SpaDeX: Isro moves two satellites as close to 3 metres in a trial attempt
Isro on Sunday said the two satellites launched to perform space docking experiments were brought within three metres and then moved safely back in a trial attempt.
AI's future in India: A journey marked by small wins and bigger gaps
Even as Microsoft Chairman Satya Nadella, who was in India last week, asked India to leverage its mathematical talent to undertake core research in artificial intelligence (AI), the country's aim to become a major player in the global AI sweepstakes faces numerous challenges.
COLLATERAL IMPACT
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An SIF push to deepen the corporate bond market
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Field agents at a crossroads
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'Onboarding in retail credit has to be reworked'
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Direct stock investors: Seek refuge in quality stocks
MF investors should limit exposure to volatile categories like smallcap and momentum
