Best Ulip Insurance Policy

1
Best Ulip Insurance Policy
2

• Unit Linked Life Insurance Plans are one of the
  best plans if you would like to secure a life
  cover as well increase your wealth at the same
  time. Presenting dual benefits to the
  policyholders, these insurance plans offer a life
  cover and assist in long term wealth creation.
• These plans are way structured way to avail
  market linked returns on your investments as well
  to get the benefits of the protection plans. In
  these, a portion of premium paid by the insurer
  is invested in bonds or stocks, the returns of
  which, are provided at the time of maturity. The
  other part is used for offering a life cover to
  him/her.

3

• Types of Unit Linked Insurance Plans
• Depending on their usability and the area they
  cover, ULIPs can be categorized in the following
  types
• ULIP for Retirement In retirement ULIPs, the
  policy-holder pays the premium during his/her
  working years, for a decided period of time. This
  builds a suitable amount of corpus, which, on
  maturity, is provided in annuities.
• ULIPs for Wealth Creation This ULIP is primarily
  to increase your wealth over a period of time.
  With the returns on the investment made, these
  plans assist policy-holder in handling the
  constant inflation.
• ULIPs for Children Education These ULIPs provide
  the much needed financial support to the
  policy-holder, catering to the educational
  requirement of his/her children. It helps in
  taking care of the expenses related to childs
  higher education and marriages.
• ULIPs for Health Solutions These plans offer
  financial support to the policy-holder to meet
  his/her medical expenses. Rising costs for
  addressing health issues make it even more
  essential to opt for such plans.

4

• Why ULIPs
• Transparency Best Ulip Insurance Policy offer a
  transparent format with its structures and
  charges clearly laid out, allowing the insurer to
  make an informed decision.
• Flexibility Under these insurance plans,
  policyholder can invest in differing asset
  classes such as equity, money market and debt.
  One also has the freedom to switch between these
  kinds of assets. It also offers premium
  flexibility.

5

• Additional Investment It offers the insurer with
  the option to invest additional amount, referred
  as top-up at any preferred time during the
  tenure. This can be done at minimal charges and
  guarantees various benefits.
• Life Insurance Cover Insurer gets the freedom to
  select the extent of cover he/she wants to have.
  In most cases, the minimum life insurance cover
  that one can get is 10 times the annual premium.
  However, the policyholder, depending on the
  policies of the company, can also get a cover of
  up to 100 times or even more of the annual
  premium.
• Liquidity One can also partially withdraw money,
  which is mostly free of cost, in case of any
  unpredictable event.
• Tax Benefits ULIPs offer dual tax benefits under
  the sections 80C and 10 (10 D). As per current
  tax laws, the maturity benefits of ULIPs are tax
  free.

6

• How to choose ULIPs
• Decide your insurance objectives and then select
  the plan which fulfill them
• Compare Each ULIP has its exclusive set of
  features and benefits. Do compare various plans
  online and then opt for the one that is most
  suitable.
• Know the varying charges such as initial charges,
  fund management charges, fixed administrative
  charges and mortality charges, which have been
  put on the product over its tenure.
• Give utmost importance to your investment goals
  and then consider benefits of the policy
• Evaluate your risk profile and financial
  stability before finalizing a certain plan. For
  instance, if your risk profile is high, it is
  suggested to invest higher in equities.

7

• The required amount of Investment
• The amount of investment depends on various
  factors such as the policy-holders risk
  appetite investment goals and his/her stipulated
  tenure of investment.
• Things to remember
• ULIP Charges Be aware of the various charges
  which are levied on the ULIPs. There are various
  sub classes in which the ULIP charges can be
  categorized as Premium Allocation charges, Policy
  Administrative charges, Surrender charges,
  Mortality charges, Fund Management charges, Fund
  Switching charge and the Discontinuance charges.
• Check the performance of the plan for the last
  three to four years. One can compare it with the
  benchmark indices like BSE Sensex and Nifty.

8
Follow us on
https//www.facebook.com/bajajallianzlifeinsurance
ltd
https//www.linkedin.com/company/bajaj-allianz-lif
e-insurance-co-ltd-
http//plus.google.com/bajajallianz/posts
https//twitter.com/bajajallianzLIC
https//www.youtube.com/user/jiyobefikar
https//instagram.com/bajajallianzlifeinsurance
9
Click to know more on Best Ulip Insurance Policy
https//www.bajajallianz.com/Corp/ulip-plans/ulip
.jsp
Thank You