Should you continue to have faith in your Best ULIP Insurance Policy

40 %
60 %
Information about Should you continue to have faith in your Best ULIP Insurance Policy
Business-Finance

Published on January 28, 2016

Author: Ritikashah11998

Source: authorstream.com

Best ULIP Insurance Policy: Best ULIP Insurance Policy Should you continue to have faith in your Best ULIP Insurance Policy : Should you continue to have faith in your Best ULIP Insurance Policy Slide 3: What is ULIP? Unit Linked Insurance Policy (ULIP) is a product offered by insurance companies that unlike a pure insurance policy gives investors the benefits of both insurance and investment under a single integrated plan. How it works? A part of the premium paid is utilized to provide insurance cover to the policy holder while the remaining portion is invested in various equity and debt schemes . Slide 4: The money collected by the insurance provider is utilized to form a pool of fund that is used to invest in various markets instruments (debt and equity) in varying proportions just the way it is done for mutual funds. Policy holders have the option of selecting the type of funds (debt or equity) or a mix of both based on their investment need and appetite. Just the way it is for mutual funds, ULIP policy holders are also allotted units and each unit has a net asset value ( NAV ) that is declared on a daily basis. Slide 5: The NAV is the value based on which the net rate of returns on ULIPs are determined. The NAV varies from one ULIP to another based on market conditions and the fund’s performance. Performance of ULIPs ULIP is a market related instrument, and if the market does well so will be the ULIPs. However, research suggests that not all ULIPs have performed well and have given reasonable returns to the investors. Though the market is the primary reason for ULIP’s performance, it also depends on what charges and fees a ULIP deducts from your investments. The common charges are Premium allocation charge, Top up allocation charge, Mortality Charges, Fund management charge, Policy administration charge, switching charge and surrender charge etc. Slide 6: Besides, the surrender value is calculated as Fund Value – Surrender Charges, where fund value is Total no. of units under the policy NAV of the fund chosen. However, these charges are not same for all ULIP, some charge lower. Because of so many charges, the residual investment of any ULIP is not enough to give considerable return even if the market is doing well. Here lies the reason for dissatisfaction of investors like you, and you now want to get out of it. You, therefore, want to take such a decision. Whether to Surrender Best ULIP Insurance Policy or Not? When Not to Surrender When to Surrender Some ULIPs have variable charges, high initially and then lower. In case your ULIP is such one and you have invested since sometime and the maturity date is near, stay invested. Your Ulip has got ongoing regular charges, which will eat your premium and fund value. The surrender charges are too high. If we wait for some more time, the surrender charges Source: http://www.moneycontrol.com/news/insurance/should-you-continue-to-have-faithyour-ulip-policy-_ 954762.html Slide 7: https:// twitter.com/bajajallianzLIC https:// www.youtube.com/user/jiyobefikar https:// instagram.com/bajajallianzlifeinsurance Follow us on https:// www.facebook.com/bajajallianzlifeinsuranceltd http://plus.google.com/+ bajajallianz/posts https:// www.linkedin.com/company/bajaj-allianz-life-insurance-co-ltd- Slide 8: Click to know more on Best Ulip Insurance Policy: Thank You…! https://www.bajajallianz.com/Corp/ulip-plans/ulip.jsp

Add a comment

Related presentations

Related pages

Should you continue to have faith in your ULIP Policy or ...

... whether one should continue to have faith in unit ... continue to have faith in your ULIP Policy ... If you go for a fresh term insurance, ...
Read more

Should you continue to have faith in your ULIP Policy or ...

Insurance Should you continue to have faith in your ULIP Policy ... Whether to Surrender ULIP Policy or Not? Your Ulip is performing equivalent to the ...
Read more

Life Insurance - Compare Best Life Insurance Plans in 2016

Compare best life insurance plans & policies from ... to your family so that they can continue to ... you have people dependent on you, you should buy ...
Read more

Confused.com - On a mission to save you money

Compare cheap car & home insurance with Confused.com. Claim your FREE ... Get the best deal on your ... How much should you be paying for your insurance?
Read more

Why You Should Force Yourself to Be Thankful - OnFaith

... Should Force Yourself to Be Thankful. ... you have come to speak to us,” she said. “I know it is a hardship for you to come so far, and to leave ...
Read more

Good faith - Wikipedia, the free encyclopedia

Good faith (Latin: bona fides ... In insurance law, ... More recently, other common law countries have begun to adopt good faith as a general principle.
Read more

Insurance grace periods: When do you get cut off?

Home > Insurance grace periods: When do you ... your policy. If you’ve let your insurance ... you have trouble paying your home insurance or ...
Read more

Automobile Insurance Made Easy - Texas Department of Insurance

Automobile Insurance Made ... If you have auto insurance, your policy may already cover damage ... Your insurance should cover you if you drive in other U ...
Read more

Life Insurance Policies & Plans: Max Life Insurance

Max Life Insurance is a leading life Insurance company in India which offers the best life Insurance ... you have consumed any ... Policy Holders; Life ...
Read more

Shipsurance - Shipping Insurance Coverage Domestic and ...

Shipsurance Worldwide Shipping Insurance ... is the best in the industry with a streamlined electronic claims management system that will have you paid ...
Read more