ULIP NAV

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ULIP NAV
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ULIPS are Still a Great Investment Option.
Heres Why
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Over the years, life insurance has usually been
synonymous with life protection for the family of
the policyholder upon his death. However, these
days, it offers a lot more. In order to meet
demands for better returns on insurance, ULIPs
were designed as a dual benefit product. This
product is a unique way to invest in the equity
market along with getting the benefit of a life
cover at the same time. What makes ULIPs even
better is that, it is one of the most transparent
financial products currently available. ULIPs
have appeared more beneficial for the customer
after having gone through a lot of regulatory
changes in the recent past. Some of the reasons
that ULIPs are still a good bet are as mentioned
below.
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Better returns Following the revised guidelines
for ULIPs, commissions and charges have been
capped. These days, the policyholder has an
opportunity to get higher/ better returns on
their investment, as a larger amount will be
going into the selected fund(s).
Longer lock-in period Keeping your money secure
is an essential part of your ULIP investment.
Following the revision of the guidelines for
ULIPs, the lock-in period has been increased from
3 years to 5 years, thus giving the corpus more
time to grow. Also, since ULIPs are essentially
long term tools, the increased lock-in period
becomes attractive for those looking at long term
savings, thus ensuring more protection for a
longer period.
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Lower surrender charges  In the past, ULIPs had
a 30-40 surrender charge. However, with the
introduction of the discontinuance fund, there is
a reduction on the cap on discontinuance charges,
which means that the policyholder does not have
to forgo large amount of money as surrender
charges.
No policy lapse Previously, non-payment of a
premium could result in a policy lapse. However,
following the revised guidelines it is not so. In
case of discontinuance, i.e., a situation that
could arise from non-payment of premium, the fund
value gets transferred into a separate fund known
as the discontinued policy fund/ policy account
value till the policy is revived or upto the end
of the revival period, whichever is earlier. The
policy remains in force with the risk cover as
per the terms and conditions of the policy. This
fund gives minimum guaranteed interest rate of 4
on the discontinued fund (subject to change in
line with interest rates provided by the savings
accounts of certain banks, during the period the
policy was in discontinuance).
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Balance your portfolio The biggest advantage of
unit linked products is that they are flexible
tools as they allow you to safeguard the
investment against the vagaries of the market
through the fund switch option. Few insurers
offer unlimited free fund switching options,
allowing you to alter the proportion of equity
and debt investments, to help you achieve best
returns in accordance to your age, risk appetite
and financial goal.
Twin benefit The biggest advantage for ULIPs is
that, this type of plan comes with the twin
benefits of life protection as well as a
market-linked growth for the investment. Since
this product is a bouquet of multiple benefits
such as risk cover, extra coverage in the form of
riders, long term investment, tax benefits, etc.,
bundled in one along with a good spread of risk,
it can be treated as a comprehensive financial
tool.
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Changes in the ULIP guidelines with regards to
reduced remuneration have resulted in attrition
in its distribution. However, for an aware
customer, it is still one of the best options
available today in the financial market . Merge
safety along with a long term investment
opportunity !  Click here to learn more about
our ULIP NAV!
(Source http//lifeinsurance.bajajallianz.com/uli
pedia/ulips-are-still-a-great-investment-option-he
res-why/ )
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