With the changing financial scenario, more and more people are curious to know the intricacies of various financial instruments that are there for the picking. One such investment instrument is a United Linked Investment Plan (ULIP). Here are the answers to some of the common questions asked with regard to ULIPs.
While there's tax arbitrage advantage in ULIPs now, experts say investors should prefer mutual funds for long-term savings.
An individual can avail tax deduction on the amount spent during the year on a deferred annuity for self, spouse, or child.
'We do not believe in fire sale. We don't do it.'
The life insurance industry does not have a good track record when it comes to passing on tax benefits to policyholders, points out Harsh Roongta.
Investing in a Unit Linked Insurance Plan increases your life cover and also helps you save tax, says Vivek Jain.
Mahavir Chopra compares mutual funds and Ulips to help investors decide.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The good news is investors can make 5 to 6 switches during a year among funds depending on the insurance companies without incurring any costs.
ULIPs work very similar to a mutual fund with a life cover thrown in
Here's why ULIPs have become an attractive long-term investment option
Cost is not the only factor that one should look at. It's best to keep investment and insurance apart
A rightly chosen ULIP can be a competitive investment, but the investor needs to ensure that his relationship manager has put him ahead of the commissions that the product pays, says Anil Rego, CEO, Right Horizons.
Insurance and investment are two different needs. Then, there are Ulip pension plans with no sum assured. No wonder, there is confusion.
As markets gain momentum, investors are again being lured into investing in ULIPs but they may face the heat in case markets fall.
It becomes important for individuals to understand what to look for in a ULIP before finalising one
Individuals therefore need to bear in mind that a ULIP needs to be evaluated on various parameters before zeroing in on a particular life insurance company.
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You bought a unit linked insurance plan, ULIP, from your agent thinking that it is the best insurance product. However, when you see your ULIP statement you are more than confused. Here's some help to decipher your ULIP statement.
ULIPs are not a curse on investors. You can reap more benefits from ULIPs by following these strategies.
If you are the proud owner of a ULIP - go back and check the premium you pay and find out the minimum premium that is payable for your policy.
ULIPs have become popular amongst investors, especially those who do not have the time to track the markets but want to earn higher returns on maturity.
Given that ULIPs are relatively new and remain an enigma for a large section of insurance-seekers in this note we compare them to the traditional endowment plans to give you a perspective.
Max Life Insurance plans to hire 30,000 agents and open 50 to 100 new offices in the financial year 2024-25 (FY25) to drive premium growth, said Prashant Tripathy, managing director and chief executive officer of the company. The private insurer's total agent count will rise to 1,30,000 in FY25. It added 47,957 agents in FY24, 54 per cent more than the year before.
We have seen several cases of ULIPs (unit-linked insurance plans) being sold to the most improbable of investors
The government on Monday said that the two regulators, the Securities and Exchange Board of India and the Insurance Regulatory and Development Authority, have agreed to maintain the status quo that existed before market regulator's ban on 14 life insurers from raising funds for unit-linked schemes.
Novel and noble as it appears, investor/insurance-seekers rarely understand the cost implications of the marriage between investments and life insurance. To be sure, it is intricate and not everyone is able to unravel it.
Ulips are similar to mutual funds except that they provide life cover, tax benefits and need to be kept for long term. On the other hand, term insurance is actually insurance where your dependents get sum insured in case you die, but nothing if you outlive the insurance term.
Get Ahead financial planning expert Vetapalem Sridhar advises you on how to look at unit linked insurance plans as an investment.
Saving tax through Ulips will lead to mixing of insurance with investment.
State-backed Life Insurance Corporation of India (LIC) recorded strong growth in the value of new business (VNB) margin in the third quarter of financial year 2023-24 (Q3FY24) while major listed private life insurers reported a weak performance. VNB refers to the profit that an insurer is likely to garner from new business, which comes from policies sold in a particular period. VNB margin is the profit margin of the insurer.
What makes unit linked insurance plans attractive to investors? Here are 4 reasons that make ULIPs irresistible.
As stock markets boom again insurance companies are pitching hard to sell ULIPs. 5 important points to consider before buying them.
Life insurers have decided to pass on service tax to customers. The chief financial officers of life insurance companies met last Wednesday and have decided to pass on the service tax burden to customers, confirmed officials of various life insurance companies.
Such products in insurance parlance are called acturial-funded products. The ban would require Aviva Life Insurance to withdraw all its 14 ULIP products, while Bajaj Allianz one of its ULIPs called Capital Unit Gain.
The new ULIP structure will come into effect from September 1, 2010. Will investors benefit now?
ULIPs essentially combine the benefits of an insurance policy and a market-linked investment.
A standard trick by insurance agents is to tell customers that they need to pay premium for only 3 years and the policy will continue for the remaining tenure. Here's why they do so...
The old ULIP lacked both and individuals did not have an inkling about either even after taking the ULIP.
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