LIFE COVER

when you have decided to invest in ulips the first thing you do is choose correct life cover.your investment in ulip must work to secure your long term goal. it is very important that you should choose a correct life cover so that your family can get adequate finances & security even in your absence. ulip investment is the best tool to secure important goals of your family.In ulips you have option to choose right fund. in ulips money is invested in equities that is in share market. those who wants higher returns on their investment,they can choose this equity option. for others who don't want to take risk they can invest their money in Conservative funds like bank deposits,government bonds etc.you can switch between funds.when market is up you can invest your money in equities(shares) & when market is down you can move your money in conservative funds like bank deposits.
investment in ulips must be for long term. if you invest for long term market fluctuation will not affect your investment. if you invest for 10 yrs you will get very good returns on your investment.you will also reap the benefit of power of compounding

why ulips are popular ?

ULIPS are vary popular in these days because ulip plans are Flexible. Ulip plans can be modified as per customer needs.The lock in period for ulips is 3 years.after that policy holder can withdraw partial amount & after 5 years he can withdraw entire amount.
Flexibility:- policy holder can choose his insurance cover at the time of policy inception.Ulip also allow policy holder to increase his insurance cover.Policy holder can pay more premium amount or he can reduce premium amount after a certain period of time.
Top up facility is also available with ulips, that means when policy holder have extra money he can invest that money in his policy.
Riders: - there are various riders available with ulip policy. Critical illness benefit rider, accident & disability benefit rider,Waiver of premium rider etc.if the riders have been taken the insurance company pays the insured amount when the policy holder need it.
Fund option:-
There is secure fund, conservative fund, balanced fund,
Growth fund & super growth fund. Policy holder can switch between funds & take maximum benefits of his investment.

Tax benefits:-

by investing in ulips you can avail tax benefits.
under sec. 80C life insurance plans are eligible for deduction.
under sec. 80CCC pension plans are eligible for deduction.

under sec. 80D health insurance plans & critical illness riders are eligible for tax deduction.

under sec 10 (10D) the maturity amount or withdrawals are also eligible for tax deduction

ULIP-BENEFITS

ULIP is a tool for long term wealth creation,children's education,& retirement.policy holder have have the option to choose the insurance cover, increase the sum assured on any policy anniversary. ulip plans are flexible. policy holder can add riders at inception of the policy or any policy anniversary. policy holder can take personal accident benefit( pab) rider,dread disease rider.
ulip can help policy holder throughout his life. if he starts early the goals like capital accumulation,family income protection,education needs,retirement income can easily be achieved. all the liabilities like marriage, housing, children's education, chidren's marriage, retirement can be achieved easily.
we need to save & invest to maintain our current standard of living & to beat the inflation. ulip is for that only.

unit linked insurance policies

unit linked insurance policies

Every individual have goals in life.a person is always thinking of big house,car,children's education,health & retirement.
Every individual plans his career to fulfil his dream to achieve their goals.To achieve the goals financial planning is very important.
The individual have to invest money properly so that his long term goals can be achieved. ulip is one option for long term investment which can create wealth for specific goal.unit linked insurance provide insurance protection and simulteniously creates wealth.