Landing page ULIP – Unit Linked Insurance Plans

A Unit Linked Insurance Plan (ULIP) is a life insurance product that offers cover in the case of death of the insured along with an option to invest in qualified investments like stocks, bonds or mutual funds. The premium you pay for a ULIP gets divided into two parts, where one part is invested in a fund and the other is directed towards life cover. Depending on the funds you chose, the investments you make are subject to capital markets risk.

Advantages of ULIP plans

Categorisation of ULIPs

Based on your requirements, different categories of ULIPs have been created to suit your needs. The differences between these categories can be measured as the percentage of the premium allocated for investment in different funds.

Plans for Building Wealth

The ULIPs under this category help to create a good corpus by investing in funds that can possibly provide you with high returns like the equity funds.

Plans for Child Education

The ULIPs under this category ensure that the expenses of higher education are taken care of in the case of an untimely death of the individual insured.

Plans for Medical Benefits

The ULIPs under this category offer coverage in case of medical emergencies. Also, these plans may have riders like Critical Illness Cover or Personal Accident Cover to enhance the coverage offered.

Plans for Retirement or Savings

The ULIPs under this category enable you to plan your retirement and build a corpus for the future. Usually, these plans invest in funds that offer fixed returns over a period of time.

Frequently Asked Questions

Categories:

ULIP Insurance
What are different type of funds and the risk categorization of a ULIP plan?
What charges are deducted from a ULIP plan?
What is risk associated with ULIP plan?
How can I get best of the ULIP plans?
Is there any guarantee of investment returns of a ULIP plan?
Is all the amount I pay for ULIP plan invested?
Can I switch between funds?
What is Net Asset Value?Where will I find it?
What are the premium payment options in a ULIP?
What do you get after maturity of ULIP plan?
What are different type of funds and the risk categorization of a ULIP plan?
What charges are deducted from a ULIP plan?
What is risk associated with ULIP plan?
How can I get best of the ULIP plans?
Is there any guarantee of investment returns of a ULIP plan?
Is all the amount I pay for ULIP plan invested?
Can I switch between funds?
What is Net Asset Value?Where will I find it?
What are the premium payment options in a ULIP?
What do you get after maturity of ULIP plan?

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TransAsia Composite Insurance Broking an insurance broker since 1994.
Registered Address: D- 310, Kanakia Zillion, LBS Marg, BKC Annexe, Mumbai - 400070
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