Here's a quick look at the likely changes proposed for selling unit linked insurance plans from September 1, 2010 and how they will impact investors.
Though some schemes have outperformed the Sensex, higher costs ensure that the numbers do not work out in your favour.
How to buy n Unit Linked Insurance Plan? Well, read on. . .
The pre-Budget proposals sent to the finance ministry aim to bring uniformity in tax treatment for investments in different financial sectors, mitigate hardship to retail taxpayers, and encourage participation in mutual funds.
Introducing the never-before tool for retail investors, Outlook Money's annual Ulip ranking.
It is not without reason that ULIPs are currently the most preferred investment option in India. The point of caution is however not to look at them as short term investments.
Irda's advertisement is silent about the High cost of Ulips that all Investors should know.
Here is an evaluation of the two investment avenues on certain common parameters and how they measure up.
Today, more individuals are open to using the ULIP-way to create wealth over the long term. Here we outline exactly how ULIPs can help you fulfill that responsibility.
Understand the cost of taking a ULIP. Sometimes a pure life insurance and mutual fund combination may turn out to be more cost effective.
Very often poor selection of ULIPs leads to big woes for investors. Here is a 5-step strategy for investing in ULIPs.
Unit linked insurance plans have been a rage over the past year. Individuals have been buying ULIPs like they were going out of fashion. But do these individuals really know where their premium money goes?
The last few months have been action packed for insurance companies having a ULIP (unit-linked insurance plan) product in their portfolio. This, primarily on account of a cap levied by Insurance Regulatory and Development Authority on the total expenses that can be charged by insurance companies on such products with effect from October 1, 2009.
Investors are divided on their opinions about the ULIP plans. This article is the first in the series that discuss ULIPs in detail.
ICICI Prudential Life Insurance Company (IPru) is struggling to generate growth in the value of new business (VNB). This is due to a combination of weak growth through the parent bank's channels, a shifting product mix in favour of unit-linked life insurance policies (ULIPS), and higher payouts to third-party channels. Leverage from current investments, a further reduction in contributions from ICICI Bank, and a pick-up in non-participating policies from the end of the year is key for this metric in the near to medium term.
So far, no insurance company in India has come up with a long-term policy on health insurance
Ulip investments can be claimed as a deduction from taxable income. But there is a catch to this which most insurance companies do not tell you.
If you must buy a Ulip, the smart move will be to get the one that gives fund value plus sum assured
The Securities and Exchange Board of India, the capital markets regulator, restrained 14 insurance entities from raising fresh money through Ulips - Unit Linked Insurance Products.
So how does one go about comparing ULIPs vis-à-vis tax-saving funds? An illustration will help in putting things in perspective.
We advocate that all individuals (HNI or otherwise) buy a term plan for an amount that can be considered reasonable given their life style, income, expenses and contingent expenses among others.
Here are some of the most important reasons why ULIPs score over endowment plans.
As the advertising onslaught grows in the tax season it is important to understand what ULIPs really are. InvestmentYogi presents a quick guide to understanding ULIPs.
Plans with loan clause denied approval; regulatory ban coming.
Switches are options given to policyholders of unit-linked insurance plans (Ulips) to move their investments from one fund to another, within one plan.
With the Securities and Exchange Board of India abolishing the entry load on mutual funds, sector experts believe distributors are likely to aggressively push high-commission insurance products. The quashing, applicable from August 1, will bring down their commission to less than half of what they earn right now. The result is likely to be aggressive selling of, for one, unit-linked insurance plans (Ulips).
New business premium (NBP) growth of life insurers in March is expected to be weak owing to the high base effect in the year-ago period due to revision in taxation norms for high-value policies, insurers said. In the Budget, Finance Minister Nirmala Sitharaman proposed that insurance policies (excluding unit-linked insurance plans or Ulips) with an aggregate premium exceeding Rs 5 lakh would be taxed. This rule came into effect on April 1, 2023. In March 2023, the NBP of life insurance companies witnessed a strong growth after the tax announcement. Premiums rose by 14.45 per cent year-on-year (Y-o-Y) to Rs 59,608.83 crore in March 2023 from Rs 52,081.12 crore.
Life insurance companies would not be allowed to sell Ulips with annual premiums exceeding Rs 50,000 for non-single premium policies and Rs 1,00,000 for single premium polices via telemarketing.
IRDA seems to be sleeping. It is bothered about the well-being of the insurance companies and not about the man on the street who is buying costly Ulips.
A day after the finance ministry brokered a truce between two financial sector regulators, Sebi on Tuesday said any new ULIP scheme launched after April 9, 2010 by insurance companies will remain covered by its earlier ban order.
Here's a 5-step investment strategy that will guide investors in the selection process and enable them to choose the right unit-linked insurance plans (ULIPs).
Not all life insurance policies disclose their charges to policyholders.
The growth in the first year premium (FYP), particularly in unit-linked insurance policies (ULIPs), of life insurance players, has been largely unaffected by the unprecedented stock market volatility in the last quarter. Sources at the Life Insurance Corporation indicated that the market conditions have not impacted the sale of ULIP products and the business growth was absolutely in sync with expectations. SBI Life registered a growth of around 90-95% in the quarter ended Mar
The latest data released by the Insurance Regulatory and Development Authority (Irda) show that during April and May this year, premium from the sale of new policies rose to Rs 8,119 crore (Rs 81.19 billion) compared with Rs 7,331 crore (Rs 73.31 billion), representing a rise of 10 per cent.
In the last few years, unit-linked insurance plans (Ulips) have quietly become one of the largest players in the Indian stock market. With a total investment estimated at Rs 1.5 lakh crore to Rs 2 lakh crore, they are almost close to the investment made by equity mutual funds.
Money Plus is yet another ULIP that does not give you returns.
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