ULIPs combine the benefits of an insurance policy and a market-linked investment
Agents often influence customers into buying new products every year instead of continuing with their existing policies
Buyers of unit-linked insurance policies can now heave a sigh of relief. The insurance regulator, Insurance Regulatory and Development Authority of India has issued a standard format that will simplify things for the policyholder and arrest the rampant mis-selling.
Avoid investing in a new ELSS scheme each year. Stick to one well-chosen scheme to avoid clutter in your portfolio.
A smart investor buys a term cover for life insurance and invests in funds independently. But for those who cannot, Ulips are the best bets.
A transcript of the insurance chat held on Thursday.
The Insurance Regulatory & Development Authority has capped the charges from the fifth year to around four per cent of the annual premium paid.
Sebi's latest direction is against floating any new product.
In order to push more long-term products, insurers are trying to push long-term unit-liked plans by giving incentives to agents who sell Ulips with higher tenure.
Aviva CEO talks about talks about some of key issues on insurance.
However, policyholders will have to stay invested for the entire period of the scheme to get these benefits.
Individuals often postpone tax planning till the end of the financial year. As the deadline for showing proof of investments draws near, they invest randomly in any product that will help them save tax for that year. Later, they realise that it is not suited for them, so they abandon it. Tax planning should not be a standalone, one-off activity, but should be in sync with your overall financial plan, says Sanjay Kumar Singh.
The traditional insurance plan is complex and difficult to understand when compared to the ULIP. In this article, we will discuss the important points that need to be looked before choosing a traditional insurance plan.
Regulator plans minimum death benefit at five times the annual premium.
There is a fair chance that your insurance advisor might recommend a Unit-Linked Insurance Plan. So here are 4 Ulip 'sales pitches' that you must be wary of.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Insurance regulator IRDA's new guidelines protecting unit-linked insurance product holders from mis-selling by dealers and onerous commissions will come into effect from Wednesday and are likely to make the equity-linked instruments more investor-friendly.
The Insurance Regulatory and Development Authority (Irda) has stuck to its guns on returns from unit-linked pension plans. Despite several representations from the industry, the regulator has decided that insurers will have to provide guaranteed returns of 4.5 per cent on gross premiums until March 11, 2011.
The Insurance Regulatory & Development Authority (Irda) is planning to cap the charges on universal life policies, or ULPs. These have almost replaced unit-linked insurance plans (Ulips) in terms of new business. Ulips, which used to account for around 80 per cent of the segment, lost their sheen after the regulator brought in stringent norms from September 1.
'Had there been no war, maybe, we would come out with a 7.5 per cent stake sale.' 'At this point in time, a 3.5 per cent stake sale looked good.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Ulips are investment-cum-insurance instruments that are at the centre of the confrontation between the insurance and capital market regulators.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Anil Rego, founder and CEO, Right Horizons, offers his expert advice to mutual fund investors.
Yashish Dahiya, CEO and co-founder Policybazaar.com, tells readers what steps they can take if an insurance agent cheats them.
LIC is currently allowing customers to revive policies that have lapsed for more than two years.
Unit linked insurance plans are probably the hottest selling product for most life insurance companies today.
'It is crucial to understand that the ultimate goal of your investments isn't to pay lesser tax, but to create long-term wealth for you and your family,' says Satyen Kothari, founder and CEO, Cube Wealth.
How to buy children's plans with good returns and lowest costs.
Combination of term plans and mutual funds will provide the same benefits.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Market-linked products have been driving the growth of private insurers for some time now. But, the market volatility has forced the companies to re-think their strategies, reports Subrata Panda.
Says market regulator's order is misconceived and not in public interest.
Much of the tardy reaction to competition is the result of LIC's legacy.
Highest NAV guarantee products accounted for a fifth of Ulip sales after pension plan sales dried up following the stringent norms on Ulips from September 2010.
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