What Drains Your Time And Energy While Buying ULIPs?

1
What Drains Your Time And Energy While Buying
ULIPs?
2

• Have your ever thought twice before throwing up
  on investments plans? Ever fell into the hassle
  of choosing an investment options and had
  miseries of losing money or not being satisfied
  enough? Do you think its part of your interest
  also to exactly monitor your funds and get
  returns based on your fund choice. Also, there
  can be a additional score of securing your
  present from uncertainties and life risks. No one
  to thanks other than ULIPs, most people dont
  give a second thought to them but they are the
  silent saviors, doing their bit to give you
  investment and insurance options. ULIPs have been
  coming in trends for a long time now.

3
How ULIPs Function?

• A unit linked plan is an insurance product that
  gives investment options and risk coverage to the
  holders based on their life stage needs. The
  funds where the money is directed into are versed
  in providing investment returns. ULIPs are an
  investment option which is customized by the
  insurance holder based on his financial needs and
  insurance expectations.

4

• The risks associated with unit linked insurance
  plans are based on the performance of the funds
  invested into, therefore it is advised to closely
  monitor the unit and makes switches accordingly.
  ULIPs reap benefits when invested for a long
  period of time. All the risks factors in a ULIP
  plan borne out by the unit holder hence, it is
  advised to choose the funds to invest based on
  your risk appetite and requirements.

5
Who Should Own a ULIP?

• A ULIP is the best Ulip insurance policy option
  for the ones who are into the habit of deeply
  tracking their money and who wish to best use
  their money by increasing its value and make an
  insurance coverage of it.
• ULIP plans give its holders the choice of
  switching their money invested from one funds to
  another of their choice based on risk appetite or
  if they arent satisfied. ULIPs also allow them
  to take ownership of their portfolio by managing
  them.

6
How is unit linked plans structured?

• A ULIP plan is broadly known as unit linked
  insurance plans which can be explained as
  insurance plans which are linked with market
  units. The amounts paid by the ULIP holder are
  segmented into cover funds and investment funds.
  The insurance funds are charged including the
  administration charges, allocation charges etc,
  wherein the investment funds are priced including
  various important costs. This final ULIP cost is
  structured after making adding several ULIP
  charges

7
https//www.facebook.com/bajajallianzlifeinsurance
ltd
https//twitter.com/bajajallianzLIC
Sourcehttp//articles.abilogic.com/172340/what-dr
ains-your-time-energy.html