ULIP – Smarter InvestmentsULIP – Smarter Investments

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ULIP Smarter Investments
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• Unit Linked Insurance Plans also know as wealth
  insurance plans provide a wide range of financial
  solutions which cover the possibilities of wealth
  enhancement. When a person invests in ULIP, a
  part of the amount is secured for insurance
  cover, while the rest is invested in the
  markets/stocks. Major amount goes into stocks
  whereas a partial amount is kept aside for life
  cover. The performance of the underlying funds
  determines the investment. The two in one element
  involved in these types of investments make it a
  great alternate when it comes to both protection
  as well as savings. The flexibility and
  transparency involved in ULIPs enable the
  investor to customize the plans according to
  his/her needs. There are various types of plans
  that come under ULIPs which include retirement,
  childrens education, wealth and health plans.
  The investment can be done depending on the
  priority.

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• An appropriate plan can be the one that has a
  life cover, right fund options and long term
  investment. The applicable charges on these plans
  are appropriately bifurcated. Policy
  administration charges, premium allocation
  charges, mortality charges and fund management
  charges are usually included in ULIP. Policy
  administration charges get deducted every month
  while premium allocation charges get deducted
  from the premium amount paid by the investor.
  This amount is used for medical costs and the
  remaining sum gets invested in the fund opted by
  the investor. Mortality charges also get deducted
  each month. This is the sum assured to provide
  life cover and may vary depending on the value of
  the fund selected. The insurance company also
  deducts fund management charges for the
  maintenance of the chosen funds. A great ULIP
  will clearly mention all the deductions and
  flexibility before and after the investment.

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• Considering certain criteria before investing,
  you can easily choose the best ULIP rates.
  Firstly, you will have to understand the plan and
  the ULIP charges that will be implied. Secondly,
  compare different plans available in the market
  and then shortlist the best plan that fits your
  requirement and budget bracket. If one is clear
  about where he needs to make the investment,
  he/she can buy a ULIP online. Decent mortality
  charges, favorable premiums, long term investment
  and a good life cover are some of the factors to
  look for while choosing a ULIP plan. Investing
  after studying the features of the ULIP rates,
  will help you obtain the best results.

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• ULIP has not just given real investors a tax
  benefit by investing, but also due to the fact
  that they provided an opportunity to the
  salespeople in generating a high commission sale.
  ULIPs are also a great way to manage the
  investors risk return profile. From the available
  range of life insurance policies, ULIPs have
  become the most purchased insurance plans in the
  recent times. The high rate of return, has also
  made ULIP a tough competitor against traditional
  insurance products. The high maturity value of
  the invested sum and mortality benefits are some
  of the other reasons why an individual should
  invest in ULIP.

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