Why Best Unit Linked Life Insurance Plans For You - PowerPoint PPT Presentation

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Why Best Unit Linked Life Insurance Plans For You


Click here For more details Ulip plans offer flexibility of market linked returns on investments and life insurance cover for you and your family. Ulip offers you best Tax Benefits. – PowerPoint PPT presentation

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Title: Why Best Unit Linked Life Insurance Plans For You

Why Best Unit Linked Life Insurance Plans
For You
  • Unit Linked Life Insurance Plans
    are one of the best plans if you would like to
    secure a life cover as well increase your wealth
    at the same time. Presenting dual benefits to the
    policyholders, these insurance plans offer a life
    cover and assist in long term wealth creation.
  • These plans are way structured way
    to avail market linked returns on your
    investments as well to get the benefits of the
    protection plans. In these, a portion of premium
    paid by the insurer is invested in bonds or
    stocks, the returns of which, are provided at the
    time of maturity. The other part is used for
    offering a life cover to him/her.

  • Types of Unit Linked Insurance Plans
  • Depending on their usability and the area they
    cover, ULIPs can be categorized in the following
  • ULIP for In retirement ULIPs, the policy-holder
    pays the premium during his/her working years,
    for a decided period of time. This builds a
    suitable amount of corpus, which, on maturity, is
    provided in annuities.
  • ULIPs for Wealth Creation This ULIP is primarily
    to increase your wealth over a period of time.
    With the returns on the investment made, these
    plans assist policy-holder in handling the
    constant inflation.
  • ULIPs for Children Education These ULIPs provide
    the much needed financial support to the
    policy-holder, catering to the educational
    requirement of his/her children. It helps in
    taking care of the expenses related to childs
    higher education and marriages.
  • ULIPs for Health Solutions These plans offer
    financial support to the policy-holder to meet
    his/her medical expenses. Rising costs for
    addressing health issues make it even more
    essential to opt for such plans.

  • Why ULIPs
  • Transparency Best Ulip Insurance Policy offer a
    transparent format with its structures and
    charges clearly lay out, allowing the insurer to
    make an informed decision.
  • Flexibility Under these insurance plans,
    policyholder can invest in differing asset
    classes such as equity, money market and debt.
    One also has the freedom to switch between these
    kinds of assets. It also offers premium
  • Additional Investment
  • It offers the insurer with the option to invest
    additional amount, referred as top-up at any
    preferred time during the tenure. This can be
    done at minimal charges and guarantees various
  • Life Insurance Cover Insurer gets the freedom to
    select the extent of cover he/she wants to have.
    In most cases, the minimum life insurance cover
    that one can get is 10 times the annual premium.
    However, the policyholder, depending on the
    policies of the company, can also get a cover of
    up to 100 times or even more of the annual
  • Liquidity One can also partially withdraw money,
    which is mostly free of cost, in case of any
    unpredictable event.
  • Tax Benefits ULIPs offer dual tax benefits under
    the sections 80C and 10 (10 D). As per current
    tax laws, the maturity benefits of ULIPs are tax

  • How to choose ULIPs
  • Decide your insurance objectives and then select
    the plan which fulfill them
  • Compare Each ULIP has its exclusive set of
    features and benefits. Do compare various plans
    online and then opt for the one that is most
  • Know the varying charges such as initial charges,
    fund management charges, fixed administrative
    charges and mortality charges, which have been
    put on the product over its tenure.
  • Give utmost importance to your investment goals
    and then consider benefits of the policy
  • Evaluate your risk profile and financial
    stability before finalizing a certain plan. For
    instance, if your risk profile is high, it is
    suggested to invest higher in equities.

  • The required amount of Investment
  • The amount of investment depends on various
    factors such as the policy-holders risk
    appetite investment goals and his/her stipulated
    tenure of investment.
  • Things to remember
  • ULIP Charges Be aware of the various charges
    which are levied on the ULIPs. There are various
    sub classes in which the ULIP charges can be
    categorized as Premium Allocation charges, Policy
    Administrative charges, Surrender charges,
    Mortality charges, Fund Management charges, Fund
    Switching charge and the Discontinuance charges.

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