How to Select Right ULIP - PowerPoint PPT Presentation

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How to Select Right ULIP

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ULIPs are the most miss sold products in the Personal Finance domain. ULIP plans are revolutions for those who are looking for insurance and assured return on their insurance investments. These insurance products along with assured tax returns are also linked with tax benefits. The assured return on insurance investments has impressed many investors. Click to know more – PowerPoint PPT presentation

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Title: How to Select Right ULIP


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How to Select Right ULIP
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  • ULIPs are the most miss sold products in the
    Personal Finance domain. ULIP plans are
    revolutions for those who are looking for
    insurance and assured return on their insurance
    investments. These insurance products along with
    assured tax returns are also linked with tax
    benefits. The assured return on insurance
    investments has impressed many investors.
  • In the conventional Insurance products, the
    insurance component takes edge over the saving
    component, but in ULIPs insurance cover is
    secondary focus, while focusing mainly on return
    pert of your investment. ULIP offers opportunity
    for investor to select a product which matches
    their risk profile. Depending upon the risk
    factor of the investor he can select any ULIP
    product.

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  • ULIPs are more like Mutual Funds, in term of
    their functioning, payment of premium and
    declaration of units in terms of NAV.
  • Whenever you are going for ULIPs, you should be
    well informed about ULIPs. ULIPs are most evolved
    investment avenues, and thus making well informed
    decisions is the key if you want to invest in
    ULIPs.
  • Read following tips which can be informative for
    your ULIP investments.
  • 1. Understand ing ULIPsIn market there is a wide
    range of ULIPs available and which makes ot
    difficult for the investor to choose correct
    ULIP. Before investing in any ULIP try to get as
    much as information on ULIPs. Be aware of what
    product you are choosing for your investment.
  • Understand all the terms and conditions clearly
    before investing in ULIPs. You should try to
    gather information on ULIPs from various source
    of information including web, and print media
    information from Insurance companies.

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  • 2. Focus on your need and risk profileChoose a
    plan which focuses on your need and risk. Risk
    profile should be deciding factor in choosing a
    ULIP. Depending upon your risk profile you should
    go for ULIPs option which suits you better.
  • 3. Comparing ULIPs from various companiesAll the
    insurance companies offer many ULIPs, and ULIPs
    varies on parameters like expenses,premium
    payouts and performance etc. ULIPs work on
    premium payments as opposed to sum assured in the
    case of conventional insurance products.Before
    investing in any ULIP you should compare it on
    the basis if performance of ULIP. You should
    evaluate ULIPs on the basis of what's performance
    of debt, equity and balanced schemes and
    performance of various portfolios. Expenses play
    a major role in ULIP so an assessment on this
    parameter is also necessary.Make some enquire
    about the top-up facility offered by ULIPs i.e.
    additional lump sum investments which can be made
    to enhance the policy's savings portion. This way
    policyholders will be able to increase the
    premium amounts, thereby providing presenting an
    opportunity to gainfully invest any surplus funds
    available.
  • 4. Go for an experienced insurance advisorBefore
    doing any kind of major investments you should
    always select and financial advisor, who is
    having a through knowledge of insurance
    instruments. But make sure that the advisor who
    you are seeking is unbiased and independent he
    should not be broker of some insurance company.
    You should also look for reviews of the financial
    advisor, from his previous clients and also check
    standards of his services.

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  • It is very important that you should get a
    unbiased and independent advice on your ank kind
    of investments, so its always better to look for
    an advisor who asks for payments for his advice,
    because in that case, he will be working for your
    welfare not for the insurance company, whose
    products he will advice you. It is also very
    important that you should ask your advisor to
    provide you more services, rather than just
    filling and submitting the required forms.
  • looking to advice on Ulip Insurance Plans log on
    to Personal. Personal provides Financial
    Planning, Investment Planning, Insurance planning
    and Mutual Fund Research and Recommendation
    services to investors, who are looking to invest
    in Mutual Funds in India. Personal also provides
    Financial Planning Calculators and Wealth Tracker
    Software to track your investments.

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Click to know more on Ulip Insurance Plans
https//www.bajajallianzlife.com/ulip/ulip.jsp

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