Is this Insurance missing from your Financial Plan?

1
Is this Insurance missing from your Financial
plan?
2
ULIP or Unit Linked Insurance Plan offers risk
cover and investment options to the insured
person or the policyholder. The qualified
investment parameters are stocks, mutual funds
and bonds. The investment element of this
insurance policy can be customized according to
the persons choices and needs and is considered
as a single integrated plan.
3

• Who are eligible to invest in a ULIP policy?
• ULIP allows its investors to monitor their
  investments while also providing flexibility to
  switch the insureds capital between funds for
  varying risk-return profiles and investments.
• ULIP is a long term investment and is best suited
  for individuals who have a long-term coverage
  need.

4

• There are a number of advantages of Unit Linked
  Insurance Plan (ULIP). Few of them are listed
  below
• Market Linked Returns A Unit Linked Insurance
  Plan offers the insured person the benefit of
  earning market linked returns as part of their
  premiums that are invested in mutual funds,
  stocks and bonds.
• Flexibility There are three major benefits that
  add to flexible options of ULIP. The insured can
  switch from varied investment funds to match
  their personal needs. One can partially withdraw
  their funds subject to terms and conditions
  levied by the finance institutions. The insurance
  can add a single premium to invest in an
  additional sum of money, subject to conditions
  laid out by the lending organization.
• Investment, Savings and Life Protection While
  investing in a market-linked fund, the insured
  creates a savings space for himself and also
  enjoys the benefit of life protection.

5
What are the different types of ULIP available in
the market? Type I ULIP In Type I Unit Linked
Plan, the death benefit is equal or higher to the
sum assured or fund value after maturity. Type
II ULIP In Type II Unit Linked Plan, the death
benefit is equal to sum assured and the fund
value. A number of other Unit-linked insurance
policies and products are available as per your
goals and needs, namely, retirement planning,
health plans, education plan, marriage and other
investment purposes.
6
ULIP or Unit Linked Insurance plans offers tax
benefits under Section 80C. Mortality charges,
fund management charges, administration charges
and premium allocation charges are the charges
and costings included in this insurance plan.
An individual can choose a ULIP plan if they
are looking out for benefits like investment,
savings and life protection all in one.